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Tile And Terrazzo Contractors Market Size To Exhibit A High CAGR Value Of Nearly 7% By 2027 || The Stonhard Group, Diespeker & Co, Quiligotti Terrazzo Tiles Limited, KREZ Group, Arizona Tile LLC
Tile And Terrazzo Contractors Market
Tile And Terrazzo Contractors Market Size, Growth Rate, And Forecast
The global tile and terrazzo contractors market size is expected to grow from $90.71 billion in 2022 to $98.37 billion in 2023 at a compound annual growth rate (CAGR) of 8.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global tile and terrazzo contractors market size is expected to reach $130.78 billion in 2027 at a CAGR of 7.4%.
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Tile And Terrazzo Contractors Market Drivers
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.
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Tile And Terrazzo Contractors Market Segments
• 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
• By Work: New Work, Additions, Alterations, Maintenance, Repairs
• By Service Provider: Large Chain Companies, Independent Contractors
• By Application: Educational Institutions, Commercial, Government Buildings, Transport Infrastructure, Others
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the tile and terrazzo contractors market.
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Tile And Terrazzo Contractors Market Key Players
Major competitors in the tile and terrazzo contractors market 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.
The Business Research Company's "Global Tile And Terrazzo Contractors Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table Of Content For The Tile And Terrazzo Contractors Market Include:
1. Executive Summary
2. Tile And Terrazzo Contractors Market Characteristics
3. Tile And Terrazzo Contractors Market Trends And Strategies
4. Tile And Terrazzo Contractors Market - Macro Economic Scenario
5. Tile And Terrazzo Contractors Market Size And Growth
………………
27. Tile And Terrazzo Contractors Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Tile And Terrazzo Contractors Market
29. Tile And Terrazzo Contractors Market Future Outlook and Potential Analysis
30. Appendix
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