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Tile And Terrazzo Contractors Global Market Report 2024 - By Growth, Size, Share, Report, Forecast To 2033
Tile And Terrazzo Contractors Market
The tile and terrazzo contractors market size is expected to see strong growth in the next few years. It will grow to $136.6 billion in 2028 at a compound annual growth rate (CAGR) of 7.3%. The growth in the forecast period can be attributed to sustainable and eco-friendly materials, advanced design and patterns, hospitality and commercial spaces, global urbanization, cultural and aesthetic influences. Major trends in the forecast period include integration of smart technologies, 3d printing and textured surfaces, collaboration with interior design trends, health and safety standards, residential remodeling and renovation demand.
Market Overview -
Tile and terrazzo contractors are experts in the installation, maintenance, and other architectural aspects of different kinds of tile and terrazzo floors. The flooring material known as tile is constructed of ceramic, porcelain, glass, or stone, whereas terrazzo is a composite consisting of marble, quartz, or granite chips combined with cement or epoxy resin.
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Rise In Construction Industry To Drive Market Growth
A rise in construction and renovation activities is expected to propel the growth of the tile and terrazzo contractors market going forward. Tile and terrazzo laying is an important step in the construction and renovation of buildings. It covers the floors of the buildings and enhances their aesthetic value and functionality, such as high durability and anti-slip. Tile and terrazzo contractors install these tiles and terrazzo onto the new or old building floors. For instance, according to the report on monthly construction spending released on March 2023 by the US. Census Bureau, a US-based principal agency of the US Federal Statistical System, estimated the total construction spending during January 2023 at $1,825.7 billion, a 5.7% rise from the January 2022 estimate of $1,726.6 billion. Therefore, the rise in construction and renovation activities drives the tile and terrazzo contractors market.
Competitive Landscape -
Major companies operating in the tile and terrazzo contractors market report are 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.
Technological Advancement Driving Innovation In Tile And Terrazzo Contractors Market
Technological Advancements are a key trend in the tile and terrazzo contractors market. Major players in the tile and terrazzo contractors sector are focused on developing new technologies to improve the functionality of their products, meet consumer demand and strengthen their market position. For instance, in September 2022, Daltile, a US-based tile company, launched the Rekindle collection for porcelain tile incorporated with StepWise and Microban technologies that provide two times more slip resistance than regular tile and eliminate 99% of bacteria on the tile surface. It is a modern terracotta that combines the rustic comfort of a soft concrete visual that helps to bring peace and harmony to the energy of a space.
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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
Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics
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