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Global Granite Flooring Market to reach USD 7.80 billion by the end of 2030.

Global Granite Flooring Market Size study & Forecast, by Type (Tiles, Slabs, Cobble stone), by Location (Indoor, Outdoor), by Application (Residential, Non-residential) and Regional Analysis, 2023-2030

Product Code: OIRBC-66092319
Publish Date: 20-12-2023
Page: 200

Global Granite Flooring Market is valued at approximately USD 5.53 billion in 2022 and is anticipated to grow with a healthy growth rate of more than 4.4% over the forecast period 2023-2030. Flooring serves essential purposes such as concealing uneven concrete surfaces, enhancing the aesthetic appeal of a space, preventing water leakage, and ensuring the structural stability of the slabs. Granite, known for its durability and toughness, is commonly utilized as a flooring material. Its wide range of colors and patterns also makes it a significant component of interior design. The substantial growth in population and urbanization has resulted in a substantial surge in the demand for housing, particularly in metropolitan regions. These factors are anticipated to create favorable drivers for the expansion of the Granite Flooring Market.

The global increase in urbanization and construction endeavors has led to a growing demand for infrastructure development including residential and non-residential projects which in turn fuels market growth. Based on research conducted by Global Construction, it is projected that the global construction output will witness a substantial growth of nearly 85%, reaching USD15.5 trillion by 2030. The building and construction sector stands as the largest consumer of granite worldwide. Additionally, the increasing preference for interior design, the wide range of available designs, and the rise in spending on home remodeling projects in developing nations have contributed to a significant surge in the utilization of granite as a flooring material for remodeling endeavors. However, the high cost of Granite Flooring stifles market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Granite Flooring Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. Asia Pacific dominated the market in 2022 as the tourism sector witnessed increased investment from both the private and public sectors, leading to a surge in building construction activities. This, in turn, has created a demand for flooring materials Moreover, there has been a significant rise in spending on interior design for homes, resulting in a growing demand for custom-made flooring options. These factors collectively contribute to the growth of the Granite Glooring Market in the region. Asia Pacific is expected to grow significantly over the forecast period, primarily driven by its large population and increasing disposable income. Particularly, China and India are leading the construction of affordable housing projects. Additionally, countries such as Indonesia, Singapore, and Malaysia are experiencing growth in the building construction and tourism sectors. As a result, there is a significant boost in the demand for granite flooring, as it is widely utilized in the construction of both residential and non-residential buildings.

Major market player included in this report are:

Arizona Tile
Emser Tile
M S International, Inc.
Aro granite industries ltd.
Stone Glamour S.r.l.
Elegant Marbles and Grani Industries Limited
Blyth Marble Limited.
Stone Source Llc
Fortuna Marmo Granite
Mohawk Industries, Inc. (Daltile)

Recent Developments in the Market:
Ø In December 2022, Emser Tile, a renowned manufacturer and designer of top-quality tile and natural stone products, has recently unveiled its latest offerings in the form of four new collections of glazed porcelain and ceramic tile. The Tubage, Boxwood, Fragmento, and Estasi collections showcase the company’s commitment to innovation and style in the flooring industry. These new collections feature a range of captivating designs, textures, and colors, catering to various aesthetic preferences and interior design trends. Emser Tile’s release of these new collections highlights their dedication to providing customers with exceptional options for creating beautiful and distinctive spaces using high-quality tile products.

Global Granite Flooring Market Report Scope:
ü Historical Data – 2020 – 2021
ü Base Year for Estimation – 2022
ü Forecast period – 2023-2030
ü Report Coverage – Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
ü Segments Covered – Type, Location, Application, Region
ü Regional Scope – North America; Europe; Asia Pacific; Latin America; Middle East & Africa
ü Customization Scope – Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Type:
Tiles
Slabs
Cobble stone

By Location:
Indoor
Outdoor

By Application:
Residential
Non-residential

By Region:

North America
U.S.
Canada

Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC

Latin America
Brazil
Mexico

Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
1.2.1. Granite Flooring Market, by Region, 2020-2030 (USD Billion)
1.2.2. Granite Flooring Market, by Type, 2020-2030 (USD Billion)
1.2.3. Granite Flooring Market, by Location, 2020-2030 (USD Billion)
1.2.4. Granite Flooring Market, by Application, 2020-2030 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Granite Flooring Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Industry Evolution
2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Granite Flooring Market Dynamics
3.1. Granite Flooring Market Impact Analysis (2020-2030)
3.1.1. Market Drivers
3.1.1.1. Increasing Population
3.1.1.2. Rapid Urbanisation
3.1.1.3. Increasing construction endeavours
3.1.2. Market Challenges
3.1.2.1. High Cost of Granite Flooring
3.1.3. Market Opportunities
3.1.3.1. Rising spending on home remodelling projects
3.1.3.2. Increasing preference for interior design
Chapter 4. Global Granite Flooring Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.2. Porter’s 5 Force Impact Analysis
4.3. PEST Analysis
4.3.1. Political
4.3.2. Economical
4.3.3. Social
4.3.4. Technological
4.3.5. Environmental
4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion
Chapter 5. Global Granite Flooring Market, by Type
5.1. Market Snapshot
5.2. Global Granite Flooring Market by Type, Performance – Potential Analysis
5.3. Global Granite Flooring Market Estimates & Forecasts by Type 2020-2030 (USD Billion)
5.4. Granite Flooring Market, Sub Segment Analysis
5.4.1. Tiles
5.4.2. Slabs
5.4.3. Cobble stone
Chapter 6. Global Granite Flooring Market, by Location
6.1. Market Snapshot
6.2. Global Granite Flooring Market by Location, Performance – Potential Analysis
6.3. Global Granite Flooring Market Estimates & Forecasts by Location 2020-2030 (USD Billion)
6.4. Granite Flooring Market, Sub Segment Analysis
6.4.1. Indoor
6.4.2. Outdoor
Chapter 7. Global Granite Flooring Market, by Application
7.1. Market Snapshot
7.2. Global Granite Flooring Market by Application, Performance – Potential Analysis
7.3. Global Granite Flooring Market Estimates & Forecasts by Application 2020-2030 (USD Billion)
7.4. Granite Flooring Market, Sub Segment Analysis
7.4.1. Residential
7.4.2. Non-residential
Chapter 8. Global Granite Flooring Market, Regional Analysis
8.1. Top Leading Countries
8.2. Top Emerging Countries
8.3. Granite Flooring Market, Regional Market Snapshot
8.4. North America Granite Flooring Market
8.4.1. U.S. Granite Flooring Market
8.4.1.1. Type breakdown estimates & forecasts, 2020-2030
8.4.1.2. Location breakdown estimates & forecasts, 2020-2030
8.4.1.3. Application breakdown estimates & forecasts, 2020-2030
8.4.2. Canada Granite Flooring Market
8.5. Europe Granite Flooring Market Snapshot
8.5.1. U.K. Granite Flooring Market
8.5.2. Germany Granite Flooring Market
8.5.3. France Granite Flooring Market
8.5.4. Spain Granite Flooring Market
8.5.5. Italy Granite Flooring Market
8.5.6. Rest of Europe Granite Flooring Market
8.6. Asia-Pacific Granite Flooring Market Snapshot
8.6.1. China Granite Flooring Market
8.6.2. India Granite Flooring Market
8.6.3. Japan Granite Flooring Market
8.6.4. Australia Granite Flooring Market
8.6.5. South Korea Granite Flooring Market
8.6.6. Rest of Asia Pacific Granite Flooring Market
8.7. Latin America Granite Flooring Market Snapshot
8.7.1. Brazil Granite Flooring Market
8.7.2. Mexico Granite Flooring Market
8.8. Middle East & Africa Granite Flooring Market
8.8.1. Saudi Arabia Granite Flooring Market
8.8.2. South Africa Granite Flooring Market
8.8.3. Rest of Middle East & Africa Granite Flooring Market

Chapter 9. Competitive Intelligence
9.1. Key Company SWOT Analysis
9.1.1. Company 1
9.1.2. Company 2
9.1.3. Company 3
9.2. Top Market Strategies
9.3. Company Profiles
9.3.1. Arizona Tile
9.3.1.1. Key Information
9.3.1.2. Overview
9.3.1.3. Financial (Subject to Data Availability)
9.3.1.4. Product Summary
9.3.1.5. Recent Developments
9.3.2. Emser Tile
9.3.3. M S International, Inc.
9.3.4. Aro granite industries ltd.
9.3.5. Stone Glamour S.r.l.
9.3.6. Elegant Marbles and Grani Industries Limited
9.3.7. Blyth Marble Limited.
9.3.8. Stone Source Llc
9.3.9. Fortuna Marmo Granite
9.3.10. Mohawk Industries, Inc. (Daltile)
Chapter 10. Research Process
10.1. Research Process
10.1.1. Data Mining
10.1.2. Analysis
10.1.3. Market Estimation
10.1.4. Validation
10.1.5. Publishing
10.2. Research Attributes
10.3. Research Assumption

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Data Collection:
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Market Size Estimation:
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In our forecasting process, we consider various parameters such as economic tools, technological analysis, industry experience, and domain expertise. By taking all these factors into account, we strive to produce accurate and reliable market forecasts. When forecasting, we take into consideration several parameters, which include:
Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
To assess the market impact of these parameters, we assign weights to each one and utilize weighted average analysis. This process allows us to quantify their influence on the market and derive an expected growth rate for the forecasted period. By considering these various factors and applying a weighted analysis approach, we strive to provide accurate and reliable market forecasts.
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