We all know that investment firms often rely on individuals with a keen understanding of financial markets and a knack for predicting how stocks, indices and securities will move, but this extends to all other businesses as well, including countertop fabrication. There are plenty of resources put out by industry experts and researchers that can assist you in making industry predictions.
Three resources about trends that affect countertop fabricators immediately come to mind. The first of these is the annual Industry Outlook conducted by ISFA and published in the most recent issue of Countertops & Architectural Surfaces magazine. The 2014 Outlook examines the general economy as well as a variety of specific industries related to the countertop market and predicts a pretty solid year. It also predicts continued growth in the natural stone, quartz surfacing, cast polymer and exotic materials sectors through 2017.
Two other resources recently became available at the start of the 2014 Kitchen & Bath Industry Show (KBIS) hosted by the National Kitchen & Bath Association (NKBA). Both of these articles were developed after the NKBA analyzed the data from its Design Trends Survey. The first of these focuses on kitchen trends from a design standpoint. Based on findings from the survey, NKBA predicts that the prevalent kitchen design in the U.S. is shifting towards the contemporary style, but it is not quite there yet. The contemporary style is forecast to be the fastest-growing design style in 2014. Consumers are looking for modern amenities, such as mobile docking stations that could be incorporated into countertops. In addition, glass seems to be growing in popularity for more than simply backsplashes. Other countertop materials that are expected to sell well in 2014 are engineered stone and recycled materials.