The tile and terrazzo contractors market size is expected to see strong growth in the next few years. It will grow to $136.6 billion in 2028 at a compound annual growth rate (CAGR) of 7.3%. 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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Segmentation & Regional Insights
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
North America was the largest region in the tile and terrazzo contractors market in 2023. 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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Major Driver Impacting Market Growth
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.
Key Industry Players
Major companies operating in the tile and terrazzo contractors market are developing new training programs such as thick-bed installation training to gain a competitive edge in the market. Thick-bed installation refers to a method of installing tiles using a thicker layer of mortar or adhesive than traditional thin-set methods. For instance, in June 2022, National Tile Contractors Association, a US-based trade association, launched a new training module, the Thick-Bed Installations Regional Training Program. Open to NTCA members and other professional tile contractors, this program focuses on thick-bed installations for floors, shower pans, and walls. Led by experienced NTCA trainers and supported by industry experts, the training covers practical application of ANSI standards, TCNA Handbook methods, substrate analysis, material components, and more. The hands-on program aims to enhance participants’ skills in thick-bed installations, emphasizing compliance with industry standards and efficient workflow planning.
The tile and terrazzo contractors market report table of contents includes:
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. Global Tile And Terrazzo Contractors Market Size and Growth
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31. Global Tile And Terrazzo Contractors Market Competitive Benchmarking
32. Global Tile And Terrazzo Contractors Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Tile And Terrazzo Contractors Market
34. Tile And Terrazzo Contractors Market Future Outlook and Potential Analysis
35. Appendix
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