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Understanding GFRC for Concrete Countertops - Video
New York, NY (PRWEB) June 28, 2014
The Countertop Manufacturing industry makes horizontal work surfaces used in kitchens, food preparation areas, bathrooms and workrooms. Countertops produced by industry operators incorporate a variety of materials, such as marble, granite and other natural stone, as well as wood, laminate, concrete, crafted glass and tile.
In the five years to 2014, the industry benefited from improving employment, rising disposable incomes and historically low interest rates, which spurred a rise in residential construction. According to IBISWorld Industry Analyst David Yang, residential construction and private spending on home improvements largely drive demand for the Countertop Manufacturing industry, 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. To a lessor extent, industry revenue is also driven by commercial construction activity, as countertops are installed in buildings that require cafeterias and kitchens. Therefore, a rise in private nonresidential construction aided industry sales as well during the past five years. From 2009 through 2014, these factors helped contribute to an expected annualized industry revenue growth rate of 5.7% to $5.1 billion, which includes a 7.1% increase in 2014 alone.
Going forward, this upward trend will continue as industry sales are expected to return to prerecessionary levels, driven by a steady rise in residential construction and private spending on home improvements, says Yang. A shift in consumer preferences to more expensive countertop materials, such as engineered stone and recycled glass, should also enhance industry revenue, which is expected to increase in the five years to 2019.
The Countertop Manufacturing industry exhibits a low market share concentration, as the industry's largest player accounts for barely more than 5.0% of industry revenue. The remainder of the market is captured by small businesses that serve local and regional markets.
For more information, visit IBISWorlds Countertop Manufacturing in the US industry report page.
Follow IBISWorld on Twitter: https://twitter.com/#!/IBISWorld. Friend IBISWorld on Facebook: http://www.facebook.com/pages/IBISWorld/121347533189.
IBISWorld industry Report Key Topics
The Countertop Manufacturing industry primarily cuts, shapes and finishes countertops for kitchens and food preparation areas. These countertops are made out of wood, laminate, solid surface (e.g. acrylic and polyester blends), tile and stone (e.g. granite, marble, and limestone).
Industry Performance Executive Summary Key External Drivers Current Performance Industry Outlook Industry Life Cycle Products & Markets Supply Chain Products & Services Major Markets Globalization & Trade Business Locations Competitive Landscape Market Share Concentration Key Success Factors Cost Structure Benchmarks Barriers to Entry Major Companies Operating Conditions Capital Intensity Key Statistics Industry Data Annual Change Key Ratios
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The Countertop Manufacturing in the US Industry Market Research Report Has Been Updated by IBISWorld
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After cabinets, countertops are the main focal point of your kitchen. Besides serving as an essential work surface, your counters set a mood and express your character. Do you prefer the rustic country look of wood or go for sleek Los Angeles style tile? Whatever your countertop personality, you'll enjoy taking a peek at these amazingly creative do-it-yourself countertop renos from Hometalk readers.
1. WOOD
Chapter 37 started off her DIY countertop project by shopping for "just plain wood from the lumber section." Staining and six coats of poly created counters that are not only eye-catchingly elegant, but also durable and practical. The proof? They've held up perfectly after 10 months of heavy use.
2. CONCRETE
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3. PAPER
Organize by Design covered her counters with humble craft paper, torn and mixed with water and white glue. Stain, sanding and poly - plus a generous helping of patience - were the finishing touches in the creation of these gorgeous, warm-looking countertops on a dime.
4. CHALKBOARD PAINT
March Orchard painted over her 30-year-old counters with trendy chalkboard paint. It took just two coats (the first was a base coat of black countertop paint) to get beautiful stone-like countertops that are highly functional. Besides jotting shopping lists and messages, she can place hot pots directly on the strong, food-safe surface.
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