Stone Flooring Market Size
| Study Period: | 2019-2028 |
| CAGR: | 6 % |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Stone Flooring Market Analysis
Stone flooring is a type of flooring made from natural solid rocks. These rocks are cut into slabs and sent to processing plants to get them shaped and polished. Limestone, granite, marble, and slate are some common rocks used for stone flooring. These stone floors are usually used to create landmark buildings, such as renowned cathedrals, churches, and tombs across the world. The stones are generally obtained by open pit mining. Common types of natural stone flooring, include slate, marble, limestone, travertine, granite, and sandstone, each of which has slightly different properties. The market is growing rapidly, owing to the increasing construction, renovation, and retrofitting activities. Demand for stone floors is growing in the construction industry, as it is available in various colors and sizes and can be used as a decorative tool for both commercial and residential purposes. The increase in the purchase of aesthetically appealing products is also projected to fuel the growth of the stone flooring market in the next few years. The Stone Flooring Market is poised to grow at a CAGR of 6% by 2028.
COVID-19 pandemic has negatively affected on the stone market and brought real challenges to its functioning. The quarry activities, processing facilities, logistics, and administrative offices in stone market suspend their operations during pandemic due to lockdown imposed across various countries. The import-export of natural stone was negatively impacted that led to drastic decline in the demand from domestic and foreign market. After the pandamic market has grown positively and companies were able to meet the demand from ongoing essential construction projects.
Stone Flooring Industry Segmentation
A complete background analysis of the stone flooring market, including the assessment of the economy and contribution of the sectors in the economy, market overview, market size estimation for key segments and emerging trends in the market segments, market dynamics and insights, and key statistics, is covered in the report. The Stone Flooring Market is Segmented by Product (Slate, Granite, Marble, Limestone, Travertine, Sandstone, and Others), by Application (Flooring, Wall Cladding, Cut-to-size Items, and Others), by End-use (Residential and Commercial), and by Geography (North America, Europe, Asia-Pacific, Latin America, Middle East and Africa. The Report Offers Market Size and Forecasts for the Stone Flooring Market in Value (USD Million) for all the above Segments.
| By Product | |
| Limestone | |
| Sandstone | |
| Travertine Stone | |
| Slate | |
| Granite | |
| Marble |
| By Application | |
| Residential | |
| Commercial |
| Geography | |
| North America | |
| South America | |
| Asia-Pacific | |
| Middle East & Africa | |
| Europe |
Stone Flooring Market Trends
This section covers the major market trends shaping the Stone Flooring Market according to our research experts:
Rise in Construction Activities Across the World
The construction market amounted to 7.3 trillion U.S. dollars in 2021, and it is expected to reach 14.4 trillion in 2030, The construction market is rapidly growing due to the increase in population, urbanization, and the rise in domestic manufacturing. The residential segment is exhibiting strong growth, non-residential buildings sector has also shown growth in the historical period. The increasing modernization of transportation infrastructure is also aiding market growth. Demand for stone floors is increased due to the construction industry, as it is available in various colors and sizes and can be used as a decorative tool for both commercial and residential purposes
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Asia-Pacific is Expected to Dominate the Market
Asia Pacific market accounted for over 46% share of the global revenue in 2021. With the increased number of renovation projects and construction activities in emerging economies like India and China, the market will expand further at the fastest CAGR from 2023 to 2028 due to the strong presence of prominent manufacturers in the region. The growing tourism industry in the region implied an increasing need for resorts, restaurants, and food chains; thereby, driving the product demand. In the last few decades, the region witnessed a rising demand for residential and non-residential buildings, due to the increasing urbanization and industrialization in the region. Growing demand for improved infrastructure facilities is further expected to drive the regional market.
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Stone Flooring Industry Overview
The report covers major international players operating in the stone flooring market. In terms of market share, few of the major players currently dominate the market. However, demand is driven by consumer income. Large companies compete through volume purchasing, breadth of products, and effective merchandising and marketing. Small companies focus on a market segment and compete through the depth of products and superior customer service. Companies including, Stone Source, Farmington, Templeton Floor Company, and Emser Tile, among others have a strong presence in the global stone flooring market.
Stone Flooring Market Leaders
Stone Source
Templeton Floor Company
Arcat
Old World Stone Imports
Emser Tile
*Disclaimer: Major Players sorted in no particular order
Stone Flooring Market News
- In April 2022, Platinum Equity portfolio company Paramount Global Surfaces acquired Stone Source from a group of investors led by Founders Equity.
- In December 2022, Emser Tile, a leading designer and producer of the world’s finest tile and natural stone, announced the release of four new collections of glazed porcelain and ceramic tile (Tubage, Boxwood, Fragmento, and Estasi).
Stone Flooring Market Report - Table of Contents
1. INTRODUCTION
1.1 Key Deliverables of the Study
1.2 Study Assumptions
1.3 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.2 Drivers
4.3 Restraints
4.4 Opportunities
4.5 Trends Influencing the Stone Flooring Market
4.6 Value Chain Analysis of the Stone Flooring Market
4.7 Porter's Five Forces Analysis
4.8 Technological Innovations
4.9 Impact of COVID-19 on the Market
5. MARKET SEGMENTATION
5.1 By Product
5.1.1 Limestone
5.1.2 Sandstone
5.1.3 Travertine Stone
5.1.4 Slate
5.1.5 Granite
5.1.6 Marble
5.2 By Application
5.2.1 Residential
5.2.2 Commercial
5.3 Geography
5.3.1 North America
5.3.2 South America
5.3.3 Asia-Pacific
5.3.4 Middle East & Africa
5.3.5 Europe
6. COMPETITIVE LANDSCAPE
6.1 Market Concentration Overview
6.2 Company Profiles
6.2.1 Stone Source
6.2.2 Templeton Floor Company
6.2.3 Farmington
6.2.4 Arcat
6.2.5 OWSI Flooring & Design
6.2.6 Island Stone
6.2.7 Emser Tile
6.2.8 Universal Marble & Granite Group Ltd
6.2.9 BC Stone*
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
8. DISCLAIMER AND ABOUT US
Stone Flooring Market Research FAQs
What is the study period of this market?
The Stone Flooring Market is studied from 2019 - 2028.
What is the growth rate of Stone Flooring Market?
The Stone Flooring Market is growing at a CAGR of 6% over the next 5 years.
Who are the key players in Stone Flooring Market?
Stone Source, Templeton Floor Company, Arcat, Old World Stone Imports, Emser Tile are the major companies operating in Stone Flooring Market.
Stone Flooring Industry Report
Statistics for the 2023 Stone Flooring market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Stone Flooring analysis includes a market forecast outlook to 2028 and historical overview. Get a sample of this industry analysis as a free report PDF download.
Stone Flooring Report Snapshots
