Dublin, May 05, 2023 (GLOBE NEWSWIRE) -- The "Granite Flooring Market by Type, Location, Application: Global Opportunity Analysis and Industry Forecast, 2021-2031" report has been added to ResearchAndMarkets.com's offering.
The global granite flooring market size was valued at $5,327.3 million in 2021, and is projected to reach $8,286.1 million by 2031, registering a CAGR of 4.4% from 2022 to 2031.
Key Market Players
- Arizona Tile
- Stone Glamour S.r.l.
- STONE SOURCE LLC.
- Aro granite industries ltd.
- Emser Tile
- Fortuna Marmo Granite
- Blyth Marble Limited.
- M S International, Inc.
- Elegant Marbles and Grani Industries Limited
- Mohawk Industries, Inc. (Daltile)
Granite is composed of minerals such as feldspar and quartz, which contribute to its luster. It is used as a flooring material due to its properties such as toughness and durability. In addition, it comes in a wide variety of colors and patterns, making it an important element of interior design.
Rise in construction activities across various regions such as Europe & Asia-Pacific and increase in demand for high appealing flooring solutions for buildings are expected to fuel the global granite flooring market growth. Granite flooring products are presently being used in residential and commercial projects.
Increase in urbanization and rise in industrialization result in rapid development of the economies, which boosts the demand for the granite flooring market. In addition, a rise in construction of commercial buildings & residential buildings is expected to boost the growth of the market.
Granite flooring offers various advantages such as durability, scratch resistant, heat resistant, water and moisture resistant is expected to boost the growth of the market. In addition, new constructions, renovations, and retrofitting activities for buildings as well as infrastructure influence the market growth and are expected to drive the granite flooring market during the forecast period. However, higher cost than ceramic flooring is expected to restrain the growth of the granite flooring market.
Key Benefits
- The report provides an extensive analysis of the current and emerging granite flooring market trends and dynamics.
- In-depth market analysis is conducted by constructing market estimations for the key market segments between 2021 and 2031.
- Extensive analysis of the granite flooring market is conducted by following key product positioning and monitoring of the top competitors within the market framework.
- A comprehensive analysis of all regions is provided to determine the prevailing opportunities.
- The granite flooring market forecast analysis from 2022 to 2031 is included in the report.
- The key market players within the granite flooring market are profiled in this report and their strategies are analyzed thoroughly, which helps understand the competitive outlook of the granite flooring industry.
Market Dynamics
Drivers
- Rise in number of home remodeling projects
- Advantages of granite flooring
- Rise in luxury residential projects
Restraints
- Higher cost than ceramic flooring
Opportunities
- Rise in building construction activities in emerging economies
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 335 |
| Forecast Period | 2021 - 2031 |
| Estimated Market Value (USD) in 2021 | $5327.3 million |
| Forecasted Market Value (USD) by 2031 | $8286.1 million |
| Compound Annual Growth Rate | 4.5% |
| Regions Covered | Global |
Key Market Segments
By Type
- Tiles
- Slabs
- Cobble stone
By Location
- Indoor
- Outdoor
By Application
- Residential
- Non-residential
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- France
- Germany
- Italy
- UK
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Rest of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa
For more information about this report visit https://www.researchandmarkets.com/r/3c8xis
About ResearchAndMarkets.com
ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
Attachment
