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Key Trends Influencing the Growth of the Tile And Terrazzo Contractors Market in 2025: Technological Advancement Driving Innovation In Tile And Terrazzo Contractors Market
Tile And Terrazzo Contractors Market
What Is the Expected CAGR for the Tile And Terrazzo Contractors Market Through 2025?
The tile and terrazzo contractors market size has grown strongly in recent years. It will grow from $97.94 billion in 2024 to $105.64 billion in 2025 at a compound annual growth rate (CAGR) of 7.9%. The growth in the historic period can be attributed to construction and real estate development, interior design trends, commercial and residential construction, renovation and remodeling, durability and aesthetics.
What's the Projected Size of the Global Tile And Terrazzo Contractors Market by 2029?
The tile and terrazzo contractors market size is expected to see strong growth in the next few years. It will grow to $139.56 billion in 2029 at a compound annual growth rate (CAGR) of 7.2%. 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.
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Top Growth Drivers in the Tile And Terrazzo Contractors Industry: What's Accelerating the Market?
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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What Trends Will Shape the Tile And Terrazzo Contractors Market Through 2029 and Beyond?
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.
What Are the Main Segments in the Tile And Terrazzo Contractors Market?
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
11) By Interior Installation Contractors: Residential Interior Contractors, Commercial Interior Contractors, Custom Installation Services, Remodeling And Renovation Contractors
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Which Top Companies are Driving Growth 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.
Which Regions Will Dominate the Tile And Terrazzo Contractors Market Through 2029?
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
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