What Is The Current and Historic Market Size Analysis Of The Tile And Terrazzo Contractors Market?
The tile and terrazzo contractors market has seen considerable growth due to a variety of factors.
• The market size for tile and terrazzo contractors has seen significant growth in the past few years. The market's valuation will increase from $97.94 billion in 2024 to $105.64 billion in 2025, representing a compound annual growth rate (CAGR) of 7.9%. Factors such as development in the construction and real estate sectors, prevailing interior design trends, both commercial and residential construction activities, renovation and remodeling projects, and the emphasis on durability and aesthetics have contributed to the growth observed in the historical period.
What Is The Forecast For The Tile And Terrazzo Contractors Market?
The Tile And Terrazzo Contractors market is expected to maintain its strong growth trajectory in upcoming years.
• There is an anticipation of robust expansion in the tile and terrazzo contractors market over the coming years. The market is projected to reach a valuation of $139.56 billion by 2029, rising at a compound annual growth rate (CAGR) of 7.2%.
The growth anticipated in this period can be associated with factors like sustainable and environmentally-friendly materials, advanced designs and patterns, use in hospitality and commercial premises, worldwide urbanization, as well as cultural and aesthetic effects. The forecast period will see some key trends such as the integration of intelligent technology, 3D printing and texture surfaces, fusion with interior design trends, adherence to health and safety norms, and an increase in demand for residential remodeling and renovation.
What Are The Essential Drivers Behind The Growth Of The Tile And Terrazzo Contractors Market?
The tile and terrazzo contractors market is predicted to prosper in response to a surge in both construction and refurbishment endeavors. Tile and terrazzo application is a crucial process in building and rehabilitating structures, it enhances the visual appeal and practicality of the floors such as increased durability and slip prevention. These materials are applied by tile and terrazzo contractors to the floors, both in new and existing buildings. For instance, as per the data in the March 2023 report by the US Census Bureau – a primary American agency of the US Federal Statistical System, a 5.7% increase from the preceding year, was recorded in the total construction expenditure during January 2023, with a value of $1,825.7 billion in comparison to the January 2022 estimate of $1,726.6 billion. Consequently, this escalation in construction and makeover operations is a growth driver for the tile and terrazzo contractors market.
How Is The Global Tile And Terrazzo Contractors Market Divided Into Key Segments?
The tile and terrazzo contractors market covered in this report is segmented –
1) By Type: Ceramic Tile Installation, Mosaic Work, Mantel, Marble Or Stone, Installation, Tile (Except Resilient) Laying And Setting, Stone Flooring Installation, Marble, Granite, And Slate, Interior Installation Contractors
2) By Work: New Work, Additions, Alterations, Maintenance, Repairs
3) By Service Provider: Large Chain Companies, Independent Contractors
4) By Application: Educational Institutions, Commercial, Government Buildings, Transport Infrastructure, Others
Subsegments:
1) By Ceramic Tile Installation: Floor Tile Installation, Wall Tile Installation, Shower Surrounds
2) By Mosaic Work: Custom Mosaic Design, Mosaic Tile Installation, Decorative Mosaic Features
3) By Mantel: Custom Mantel Design, Mantel Installation, Stone Or Marble Mantels
4) By Marble Or Stone: Marble Flooring Installation, Stone Countertop Installation, Stone Cladding, Marble Restoration And Polishing
5) By Installation: Residential Installation, Commercial Installation, New Construction Installation, Renovation Installation
6) By Tile (Except Resilient) Laying And Setting: Ceramic Tile Laying, Porcelain Tile Setting, Natural Stone Tile Installation, Specialty Tile Installation
7) By Stone Flooring Installation: Granite Flooring Installation, Marble Flooring Installation, Slate Flooring Installation, Limestone Flooring Installation
8) By Marble: Marble Floor Installation, Marble Countertop Installation, Marble Wall Cladding, Marble Restoration And Polishing
9) By Granite: Granite Countertop Installation, Granite Flooring Installation, Granite Wall Cladding, Granite Repair And Restoration
10) By Slate: Slate Floor Installation, Slate Wall Installation, Slate Roofing Installation, Slate Repair And Restoration
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1) By Interior Installation Contractors: Residential Interior Contractors, Commercial Interior Contractors, Custom Installation Services, Remodeling And Renovation Contractors
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What Trends Are Reshaping The Future Of The Tile And Terrazzo Contractors Market?
The emergence of new technologies is a prominent trend in the tile and terrazzo contractors industry. Leading firms in this sector are prioritizing the development of advanced technologies to enhance the functionality of their offerings, cater to consumer expectations, and consolidate their footing in the market. For example, in September 2022, Daltile, an American tile company, introduced the Rekindle collection. This line of porcelain tiles utilized breakthrough StepWise and Microban technologies, which offer double the slip resistance of standard tiles and kill 99% of bacteria present on the tile's surface. The contemporary terracotta combined the calming element of a delicate concrete visual, contributing to a peaceful and harmonious vibe in any setting.
Who Are the Key Players In The Tile And Terrazzo Contractors Market?
Major companies operating in the tile and terrazzo contractors market include:
• The Stonhard Group
• Diespeker & Co
• Quiligotti Terrazzo Tiles Limited
• KREZ Group
• Arizona Tile LLC
• American Marazzi Tile Inc.
• United Tile Co Inc.
• Florim Usa Inc.
• David Allen Company Inc.
• Imperial Flooring Systems Inc.
• Stone & Terrazzo World Inc.
• Yorie Tile & Terrazzo Inc.
• Michielutti Bros. Inc.
• Venable Terrazzo Company
• Durite
• Terrazzo & Marble Supply Companies
• The Venice Art Terrazzo Co. Inc.
• Concord Terrazzo Company Inc.
• American Tile & Terrazzo Co Inc.
• RBC Industries Inc.
• Kingspan Group
• 4m Group
• Terrazzo Australian Marble Pty Ltd
• Terrazzo USA
• Port Morris Tile & Marble Corp.
• Doyle Dickerson Terrazzo
• John Caretti & Co.
• Key Resin Company
• T.B. Penick & Sons Inc.
What Are The Regional Insights Into The Tile And Terrazzo Contractors Market?
North America was the largest region in the tile and terrazzo contractors market in 2024. The regions covered in the tile and terrazzo contractors market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
