Solid foundation: A rise in construction and spending on home improvements will drive growth

In the five years to 2016, the Countertop Manufacturing industry benefited from improving employment, rising disposable incomes and historically low interest rates, which spurred a rise in residential construction. Residential construction and private spending on home improvements largely drive industry demand, as countertops are commonly installed in new homes and during kitchen renovations. Additionally, an increase in mortgage refinances and bank lending made more credit available for the remodeling of existing homes, further boosting countertop replacement sales. Going forward, this upward trend will continue as industry sales are expected to continue growing due to a steady rise in residential construction and private spending on home improvements. A...purchase to read more.

Industry Statistics & Market Size
Revenue
$2bn
Annual Growth 11-16
7.4%
Forecast Growth 16-21
Profit
Employment
10,573
Businesses
519
Market Share of Companies

Industry Threats & Opportunities

  • The industry has benefited from a rise in residential construction and private spending on home improvements
  • Demand from restaurant and food service companies is on the rise
  • The housing market is expected to continue its resurgence
  • Industry Report - Industry Investment Chapter

    The Countertop Manufacturing industry has a low level of capital intensity. On average, companies spend $0.07 on machinery, equipment and other capital expenses for every dollar spent on wages. The industry relies on manual labor for cabinet assembly and depends on qualified personnel for the architectural and design phases of the production process. Nevertheless, the industry has invested in greater automation in recent years. The development of high-end products with unique designs and structures requires labor-intensive work from highly trained craftsman. As quartz, solid surface and other engineered countertops gained popularity, the need for capital investments in machinery increased. Consequently, capital intensity has increased over the period...purchase to read more.

    Additional Insights for the Countertop Manufacturing Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Countertop Manufacturing Industry are

  • Guaranteed supply of key inputs
  • Ability to alter goods and services produced in favor of market conditions
  • Production of goods currently favored by the market
  • IBISWorld analysts also discuss how external factors such as Housing starts and Private spending on home improvements in the Countertop Manufacturing industry impact industry performance..

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    What's in this report

    What is the Countertop Manufacturing Industry?

    This industry primarily cuts, shapes and finishes countertops for kitchens and bathrooms. These countertops are made out of wood, stone (e.g. granite, marble, and limestone) plastic or metal. The industry does not include countertops constructed onsite by building contractors.

    Industry Products
  • Wood kitchen countertops
  • Wood bathroom vanity tops
  • Stone countertops
  • Industry Activities
  • Manufacturing countertops and horizontal work surfaces for kitchens
  • Manufacturing countertops for food preparation areas
  • Manufacturing countertops for bathroom vanities
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Housing starts
  • Private spending on home improvements
  • Per capita disposable income
  • Trade-weighted index
  • Value of private nonresidential construction

  • Current Performance
  • Improving construction activity boosts industry revenue
  • Remodeling revival
  • Competitive landscape
  • Chart: Revenue Growth

  • Industry Outlook
  • Improving countertop demand
  • Consumer trends
  • Table: Countertop Manufacturing Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Countertop Manufacturing Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Home Builders
  • Apartment & Condominium Construction
  • Home Furnishing Wholesaling
  • Home Improvement Stores
  • Remodeling

  • Key Selling Industries
  • Iron & Steel Manufacturing
  • Plastic & Resin Manufacturing
  • Sand & Gravel Mining
  • Sawmills & Wood Production
  • Stone Mining

  • Products & Services
  • Wood kitchen countertops
  • Stone countertops
  • Wood bathroom vanity tops
  • Other
  • Chart: Countertop Manufacturing Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Home centers and other retailers
  • Wholesalers and distributors
  • Home builders
  • Chart: Major Market Segmentation for the Countertop Manufacturing Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitPurchasesWagesOther costs
  • Chart: Cost Structure Benchmarking – Sector vs Countertop Manufacturing

  • Basis of Competition
    Internal competitionExternal competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Countertop Manufacturing Industry

  • Industry Globalization
    Masco Corp.,
  • Table: Masco Corp. - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Countertop Manufacturing Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Countertop Manufacturing Industry
    Includes:
  • Industry Revenue (2007-2021)
  • Industry Gross Product (2007-2021)
  • Establishments (2007-2021)
  • Businesses (2007-2021)
  • Employment (2007-2021)
  • Exports (2007-2021)
  • Imports (2007-2021)
  • Wages (2007-2021)
  • Housing Starts (2007-2021)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Engineered Stone
  • A composite material, used in countertops, consisting of crushed stone bound together by polymer resins.
  • Laminate
  • High pressure or plastic laminates, more commonly called Formica, is a popular and affordable countertop surface material.
  • Polymer Resin
  • A clear liquid commonly used as furniture and countertop sealants, that once hardened, creates a durable sealant.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Industry Market Report on Countertop Manufacturing is a comprehensive guide to market size and growth prospects. Ensure due diligence in your research with our strategic analysis of the factors influencing companies, including new product developments; economic, lifestyle and demographic influences; distribution and supply chain factors; and pricing issues.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Countertop Manufacturing:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Countertop Manufacturing market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Countertop Manufacturing, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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