Granite Flooring Market to Reach $8.3 Bn, Globally, by 2031 at 4.4% CAGR: Allied Market Research

Rise in the number of home remodeling and luxury residential projects and the advantages associated with granite flooring drive the growth of the global granite flooring market.

PORTLAND, Ore., March 24, 2023 /PRNewswire/ -- Allied Market Research published a report, titled, "Granite Flooring Market By Type (Tiles, Slabs and Cobble stone), By Location (Indoor and Outdoor), By Application (Residential and Non-residential): Global Opportunity Analysis and Industry Forecast, 2021-2031." According to the report, the global granite flooring industry was estimated at $5.3 billion in 2021 and is estimated to reach $8.3 billion by 2031, exhibiting a CAGR of 4.4% from 2022 to 2031.

Download Free Sample Report @
https://www.alliedmarketresearch.com/request-sample/16421

Drivers, restraints, and opportunities-

Rise in the number of home remodeling and luxury residential projects and the advantages associated with granite flooring drive the growth of the global granite flooring market.  On the other hand, higher cost of granite flooring over ceramic flooring restrains the growth to some extent. However, surge in building construction activities in emerging economies is expected to provide opportunities for the key players in the industry.

Covid-19 scenario-

• The COVID-19 lockdowns led to limitations on manufacturing activities which caused a decline in the production of granite flooring solutions, resulting in a negative impact on the market.
• Nevertheless, the market has experienced a resurgence due to the growth of the building construction industry in the emerging countries of the Asia-Pacific region.

The tiles segment to dominate by 2031-

By type, the tiles segment accounted for more than half of the global granite flooring market share in 2021, and is anticipated to rule the roost during the forecast period.  This is because granite tile is very strong, durable, and scratch resistant which is best applicable for flooring. The slabs segment, on the other hand, would portray the fastest CAGR of 4.7% throughout the forecast period. This is due to the rise in the construction of luxury buildings in the Asia-Pacific region.

Buy This Research Report (293 Pages PDF with Insights, Charts, Tables, Figures):
https://www.alliedmarketresearch.com/checkout-final/61cd4dabaa3e6b593817fac7a87b0f0b

The indoor segment to maintain the dominant share-

By location, the indoor segment held the major share in 2021, garnering around three-fourths of the global granite flooring market revenue. This is because granite is extensively used in countertops, floors, gardens and stair treads, and others. It is used as a flooring solution owing to its properties such as toughness and durability. In addition, granites are available in a wide range of colors and patterns, which makes them a vital component of interior design. The outdoor segment, however, would portray the fastest CAGR of 4.6% from 2022 to 2031. This is due to the rise in the adoption of outdoor entertainment areas by millennial home buyers and the increase in disposable income fuel demand for outdoor flooring solutions among residential end users.

The residential segment garnered the major share in 2021 –

By application, the residential segment accounted for around two-thirds of the global granite flooring market share in 2021, and is expected to rule the roost by the end of 2031. Gradual increase in population and rise in disposable income in various developing countries, including India and Brazil propel the growth of the segment. The non-residential segment, simultaneously, would cite the fastest CAGR of 4.6% throughout the forecast period. This is because the construction of non-residential buildings for commercial and industrial purposes is in high demand in the developed nations of North America and Europe.

Asia-Pacific garnered the major share-

By region, Asia-Pacific garnered the highest share in 2021, contributing to more than half of the global granite flooring market revenue. This is attributed to the rapid growth of the building construction industry in the Asia-Pacific region. LAMEA, simultaneously, would showcase the fastest CAGR of 5.7% from 2022 to 2031. Increasing investments in infrastructural development fuel the growth of the market.

Enquire Before Buying: https://www.alliedmarketresearch.com/purchase-enquiry/16421

Frontrunners in the industry-

• Arizona Tile
• M S International, Inc.
• Emser Tile
• 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)

The report analyzes these key players in the global granite flooring market. The report is helpful in determining the business performance, operating segments, developments, and product portfolios of the players.

Trending Reports in Granite Flooring Industry (Book Now with 10% Discount):

Global cementitious flooring market is projected to reach $2 billion by 2031.

Global flooring market is projected to reach $558.2 billion by 2031

Global industrial flooring market is projected to reach $13.5 billion by 2031.

Global indoor flooring market is projected to reach $226.3 billion by 2031.

Global outdoor flooring market is projected to reach $22,070.0 million by 2027

Construction Flooring Market - Global Opportunity Analysis and Industry Forecast, 2023-2030

Marble Flooring Market - Global Opportunity Analysis and Industry Forecast, 2021-2030

About Us:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

Contact Us:
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
USA/Canada (Toll Free): +1-800-792-5285, +1-503-894-6022
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975
help@alliedmarketresearch.com
Web: https://www.alliedmarketresearch.com/reports-store/construction-and-manufacturing

Logo: https://mma.prnewswire.com/media/636519/Allied_Market_Research_Logo.jpg