This research analyses niche markets, potential threats, and competitive strategy in various segments based on the Engineered Stone Market competitive landscape and development model in various parts of the world. This research throws light on the business strategies of the key players that might help in the growth of other companies during the pandemic era.
Impact of COVID-19 on Engineered Stone Market
As the world grapples with one of its greatest health pandemic, the economic and social disruption has affected millions of enterprises. The revenues have gone down in the year 2020 and may resume an uptrend gradually from 2021. Companies optimizing their operation and strategy will sustain and beat the competition. Stratview Research throws light on in-depth insights related to rapid alterations in the key players in each industry, growth and decline due to COVID-19, etc. The researchers at Stratview Research are regularly connecting with the clients and other key players of almost all the industries, regarding the impact of COVID-19 on their businesses.
Key Players involve in this research are:
- A.St.A. WORLD-WIDE
- Brenton S.p.A.
- Cosentino S.A.
- Diresco
- Johnson Marble & Quartz
- LG Hausys
- Quartzforms
- Stone Italiana S.p.A.
- Technistone A.S.
- VICOSTONE.
Growth drivers and Market Value:
This report, from Stratview Research, studies the Engineered Stone Market value and growth drivers over the trend period of 2021-26. According to the report -
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.
Segment Analysis:
By Application Type
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.
By Region
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.
Competitive Analysis: Understanding your rivalry is critical to your success. This section includes an analysis of your key competitors, their products/services, their differentiators, and market shares, etc.
Target Market and Audience: Identifying and prioritizing specific target markets is another key part of any industry, where research is crucial. Stratview Research’s report will help you find more about the demographics and buying behaviours of your potential customers.
Key Considerations for Market Forecast:
- Impact of lockdown, supply chain disruptions.
- Pre and post-COVID-19 market estimates
- Geographical Breakdown: Regional level analysis of the market, currently covering North America, Europe, China & Japan
Impact of COVID-19 on the Global Market
The Engineered Stone report compiled by Stratview Research offers in-depth study of market opportunities and market impact that are stirred due to the COVID-19 pandemic. The detailed research report focuses upon the direct and indirect impact of COVID-19 with new product launches, M&As, supply chain overview, government regulations, strategies adopted by related market, etc.
Sneak peek into the Report:
The report provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market. The following are the key features of the report:
- Market structure: Overview, industry life cycle analysis, supply chain analysis
- Market forecast analysis
- Competitive landscape and dynamics: Market share, product launches, etc.
- Attractive market segments and associated growth opportunities
- Emerging trends & Key success factors
Connect with us -
Stratview Research
E-mail: sales@stratviewresearch.com
Direct: +1-313-307-4176
Customization of the Report:
This report can be customized to meet the client’s requirements. In order to provide more accurate market forecast, all the reports are updated before delivery.
You can mail our sales team at (sales@stratviewresearch.com) and get in touch with us on +1-313-307-4176 to share your research requirements.
About Us: Stratview Research is a trusted global market intelligence and strategic consulting firm providing inclusive range of services to multiple clients across a wide array of industries. Our team of veterans and analysts have extensive experience in executing custom research projects for mid-sized to fortune companies, in the areas of Market Assessment, Opportunity Screening, Competitive Intelligence, Due Diligence, Target Screening, Market Entry Strategy, and more.
Write a comment