Global Engineered Stone Market 2024-2028
The engineered stone market is forecasted to grow by USD 11.3 bn during 2023-2028, accelerating at a CAGR of 6.78% during the forecast period. The report on the engineered stone market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by rising demand for durable alternatives to natural stone, growing residential construction activities, and increasing demand for fancy countertops.
Technavio's engineered stone market is segmented as below:
- By Type
- Block and slabs
- Tiles
- By Application
- Countertops
- Flooring
- Others
- By Geographical Landscape
- APAC
- Europe
- North America
- Middle East and Africa
- South America
This study identifies the growing demand for eco-friendly home decor items as one of the prime reasons driving the engineered stone market growth during the next few years. Also, rising popularity of quartz-based engineered stone and increasing demand for aesthetically pleasing substitutes for natural stone will lead to sizable demand in the market.
The report on the engineered stone market covers the following areas:
- Engineered stone market sizing
- Engineered stone market forecast
- Engineered stone market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading engineered stone market vendors that include A.St.A. WORLD WIDE, Akrilika Co., Aristech Surfaces LLC, Belenco, Breton S.p.A., Caesarstone Ltd, Cosentino SA, Diresco NV, DuPont de Nemours Inc., Lotte Chemical Corp., LX Hausys Ltd, MAAS GmbH, Pokarna Ltd., Prism Johnson Ltd., Q.R.B.G. S.r.l., Quartzforms Spa, Santa Margherita Spa, SMARTSTONE AUSTRALIA PTY Ltd., Stone Italiana Spa, VICOSTONE, and Wilsonart LLC. Also, the engineered stone market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.