A report on the Engineered Stone Market has been recently published by Stratview Research. This Market research report provides in-depth information on trends, dynamics, revenue opportunities, competitive landscape, and recent developments in the Engineered Stone Market. The historic years considered for the study are 2015-2020 the base year is 2021, and the forecast period is 2021-2026.
The study includes an in-depth analysis of type, application, and regional segments. It also includes a Market channel, distribution, and customer analysis, industry cost analysis, Market analysis by application, production, revenue, and price trend analysis by type, production and consumption analysis by region, and various other Market studies.
Engineered stone market is likely to witness a healthy CAGR of 4.8% during the forecast period. Ability of engineered stones to provide enhanced appearance along with high durability and easy maintenance is likely to drive the market during the forecast period.
The Market is segmented by Product Type (Tiles and Blocks & Slabs), by Application Type (Countertops, Flooring, and Others), and by Region (North America, Europe, Asia-Pacific, and Rest of the World).
This report also focuses on the short- and long-term implications of the novel Coronavirus pandemic on Engineered Stone Market at the global, and regional dimensions. To evaluate the percentage of loss or profit to the industry, the report also compares pre-COVID and post-COVID scenarios.
The report delivers a detailed view of the industry based on Engineered Stone Market size, Market growth, and opportunities. The report also analyses Market key aspects such as-
– Market structure: Overview, industry life cycle analysis, supply chain analysis
– Covid-19 Impact analysis.
– Market environment analysis: Growth drivers and constraints, and SWOT analysis.
– Market trend and forecast analysis.
– Market segment trend and forecast.
– Competitive landscape and dynamics: Market share, product launches, etc.
– Attractive Market segments and associated growth opportunities.
– Emerging trends.
– Strategic growth opportunities for the existing and new players.
The research provides in-depth analysis of the important elements that drive Market growth, including growth potential, opportunities, current Market trends, industry-specific obstacles, and dangers.
Key Segments Engineered Stone Market Report Covers:
Based on the product type, the market is segmented as tiles and blocks & slabs. The blocks & slabs segment held the larger share of the market in 2020, and is expected to remain dominant during the forecast period. Blocks and slabs are highly preferred in kitchen applications in both residential and commercial buildings. They been gaining traction in the market due to their benefits such as lesser susceptibility to stains caused by food items and being more aesthetically appealing than natural stones.
Based on the application type, the engineered stone market is segmented as countertops, flooring and others. The countertops segment leads the market with more than 70% share owing to surge in population and increasing spending power of people, leading to construction of new houses in the urban and sub-urban areas globally.
In terms of regions, Asia-Pacific is estimated to be the largest as well as the fastest growing market for engineered stones during the forecast period, with China, Japan, India, and Australia being the major countries with promising growth opportunities. The growth of the region can be attributed to increasing per-capita income of countries, extensive growth of construction industries, and presence of a large number of engineered stone manufacturers in countries present in the Asia-Pacific region. North America and Europe are also expected to offer substantial growth opportunities during the forecast period.
According to the report, brands or companies that are leading globally in this Market are –
- A.St.A. WORLD-WIDE
- Brenton S.p.A.
- Cosentino S.A.
- Johnson Marble & Quartz
- LG Hausys
- Stone Italiana S.p.A.
- Technistone A.S.
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