The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. COSENTINO S.A., Diresco NV, LX Hausys, Phenikaa Group, Prism Johnson Ltd., Q.R.B.G. S.r.l., Quartzforms Spa, Rms Stonex, Stone Italiana Spa, and Wilsonart LLC are some of the major market participants. The rising demand for durable alternatives to natural stones and increasing investments in the construction of large commercial buildings will offer immense growth opportunities. To leverage the current opportunities, market vendors must strengthen their foothold in the fast-growing segments while maintaining their positions in the slow-growing segments.
The report covers the following areas:
Engineered Stone Market 2021-2025: Segmentation
- Application
- Countertops
- Flooring
- Others
- Geography
- APAC
- Europe
- North America
- MEA
- South America
The countertops segment generated maximum revenue in the market in 2020. The market growth in the segment is expected to be significant during the forecast period. In terms of geography, APAC is expected to offer maximum growth opportunities for market players. The region currently holds 41% of the global market share. China is the key market for engineered stones in APAC.
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Engineered Stone Market 2021-2025: Vendor Analysis and Scope
Some of the major vendors of the engineered stone market include COSENTINO S.A., Diresco NV, LX Hausys, Phenikaa Group, Prism Johnson Ltd., Q.R.B.G. S.r.l., Quartzforms Spa, Rms Stonex, Stone Italiana Spa, and Wilsonart LLC. To help businesses improve their market position, Technavio’s report provides a detailed analysis of around 25 vendors operating in the market. Backed with competitive intelligence and benchmarking, our research report on the engineered stone market is designed to provide entry support, customer profile & M&As as well as go-to-market strategy support.
The resistance to bacterial growth is likely to emerge as one of the primary drivers of the market. However, factors such as the high cost of engineered stone may threaten the growth of the market.
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Engineered Stone Market 2021-2025: Key Highlights
- CAGR of the market during the forecast period 2021-2025
- Detailed information on factors that will assist engineered stone market growth during the next five years
- Estimation of the engineered stone market size and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the engineered stone market
- Analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of engineered stone market vendors
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Engineered Stone Market Scope |
|
|
Report Coverage |
Details |
|
Page number |
120 |
|
Base year |
2020 |
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Forecast period |
2021-2025 |
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Growth momentum & CAGR |
Accelerate at a CAGR of over 4% |
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Market growth 2021-2025 |
USD 4.96 billion |
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Market structure |
Fragmented |
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YoY growth (%) |
2.96 |
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Regional analysis |
APAC, Europe, North America, MEA, and South America |
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Performing market contribution |
APAC at 41% |
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Key consumer countries |
China, US, Italy, Denmark, and Vietnam |
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Competitive landscape |
Leading companies, competitive strategies, consumer engagement scope |
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Companies profiled |
COSENTINO S.A., Diresco NV, LX Hausys, Phenikaa Group, Prism Johnson Ltd., Q.R.B.G. S.r.l., Quartzforms Spa, Rms Stonex, Stone Italiana Spa, and Wilsonart LLC |
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Market Dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for the forecast period |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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