News provided by
Share this article
Share toX
CHICAGO, July 19, 2024 /PRNewswire/ -- The report " Stone Flooring Market  by Type (Granite, Limestone, Marble), Application (Residential, and Non-Residential), & Region (North America, South America, Europe, Asia Pacific, and Middle East & Africa) – Global Forecast to 2029", size is projected to grow from USD 14.7 billion in 2024 to USD 19.9 billion by 2029, at a CAGR of 6.3% during the forecast period. The stone flooring market is greatly impacted by the growing population as well as an increase in building and remodelling projects, which shapes consumer demand and market trends. Population expansion in developing countries, especially in large cities, drives urbanization, which in turn drives the construction of infrastructure, commercial buildings, and residential complexes. This increases demand for long-lasting and aesthetically pleasing flooring options, such as stone flooring. The need for stone flooring is also fueled by renovation initiatives, which update older buildings to conform to contemporary requirements and design aesthetics. Stone flooring is frequently chosen by companies, developers, and homeowners to improve aesthetics and guarantee durability throughout restorations. MarketsandMarkets Logo
211 – Tables
Granite is projected to be the fastest-growing segment in the stone flooring market. In terms of value, the granite segment of the stone flooring industry will grow at the fastest rate between 2024 and 2029. Granite is resistant to degradation regardless of prolonged usage. This makes it ideal for public spaces with lots of foot traffic, such as restaurants, workplaces, and hotels. It comes in a wide variety of colors and patterns, so consumers can choose one that matches the style of their home or business. Granite offers choices for everyone, whether the customer wants a sleek, contemporary design or something more conventional. A lot of homeowners are adding granite to their bathrooms and kitchens to make the areas feel more opulent. Granite is a popular material for flooring in both homes and businesses because of its strength and elegance. The residential segment is expected to dominate the stone flooring market. The residential application is reported the most substantial demand for the stone flooring market in 2023, in terms of value and volume. Rising incomes and economic growth, especially in countries like China and India, mean more people can afford high-end materials like stone flooring. As more people move into the middle and upper-middle class, they want luxury features in their homes, and stone flooring is often seen as a symbol of prestige and luxury. As cities grow and new homes are built, there's a big demand for flooring that looks good and lasts long. North America is the largest market for stone flooring. The Asia Pacific region emerges as the largest market in the stone flooring industry among North America, Europe, the Middle East & Africa (MEA), and South America, primarily due to several key factors. This growth is fueled by increasing disposable incomes and a burgeoning middle class, prompting greater investments in high-end residential properties across the region. This is propelling the demand for premium flooring materials like natural stone. Commercial establishments such as hotels, office buildings, and shopping malls are also increasingly choosing stone flooring to elevate their visual appeal and ensure long-lasting durability. Prominent hotel chains in Singapore and Kuala Lumpur are opting for marble and granite floors to appeal to a discerning clientele. Key Players
Mohawk Industries, Inc. (US), Shaw Industries Group, Inc. (US), Stone Source LLC (US), Polycor Inc. (US), and Emser Tile (US) are the key players operating in the stone flooring market. Expansions, acquisitions, and partnerships are some of the major strategies adopted by these key players to enhance their positions in the stone flooring market. Related Reports:
About MarketsandMarkets™
MarketsandMarkets™ has been recognized as one of America's best management consulting firms by Forbes, as per their recent report. MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients. Earlier this year, we made a formal transformation into one of America's best management consulting firms as per a survey conducted by Forbes. The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing. Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry. Contact:

Stone Flooring Market worth $19.9 billion by 2029 - Exclusive Report by MarketsandMarkets™

News Provided By
Share This Article
Dark Stone - amr
The dark stone market size was valued at $3.7 billion in 2022, and is estimated to reach $5.8 billion by 2032, growing at a CAGR of 4.8% from 2023 to 2032. PORTLAND, 5933 NE WIN SIVERS DRIVE, #205, OR 97220, UNITED STATE, October 24, 2023 / EINPresswire.com / -- According to a new report published by Allied Market Research, titled, “ Dark Stone Market ," The dark stone market size was valued at $3.7 billion in 2022, and is estimated to reach $5.8 billion by 2032, growing at a CAGR of 4.8% from 2023 to 2032. The rising need for home renovation and replacement is one of the major factors projected to fuel the global dark stone market growth. According to a January 2021 Harvard Joint Centre for Housing Studies report, the growth of house remodeling and repair expenditures is expected to increase from 3.5% at the end of 2020 to 3.8% by end of 2021 based on the most current Leading Indicator of Remodeling Activity (LIRA). Similar to this, representatives from the National Association of Home Builders' IBSx virtual event in February 2021 predicted that remodeling spending on owner-occupied single-family homes is anticipated to rise by 4% in 2021 and another 2% in 2022. Remodeling and refurbishment are variables that are expected to fuel the natural stone industry's profitable growth during the forecast period. Additionally, the growing consumer spending on home remodeling is boosting the demand for dark stones globally. Global demand for dark stones is projected to rise significantly as a result of the rising demand from developing countries. As a result of rising government investments in infrastructure development and expanding FDI in nations like China, India, and Indonesia, there are more commercial real estate projects predicted to fuel the growth of the dark stone market. According to Savills India, the need for data center real estate will increase by 15 to 18 million square feet by 2025. "FDI in the real estate sector (including construction development & activities) stood at $55.5 billion from April 2000-December 2022," according to the India Brand Equity Foundation (IBEF). Request For Sample :- https://www.alliedmarketresearch.com/request-sample/75125
According to the dark stone market analysis, the market is segmented on the basis of type, application, end user, and region. By type, the market is segregated into marble, granite, limestone, and others. On the basis of application, it is segmented into flooring, memorial arts, wall cladding, and others. Depending on the end user, the dark stone market is categorized into residential and commercial. Region-wise, the market is analyzed across North America (U.S., Canada, and Mexico), Europe (Germany, France, UK, Italy, Spain, and the rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia, and the rest of Asia-Pacific), and LAMEA (Brazil, Argentina, Saudi Arabia, South Africa, and the rest of LAMEA). As per the dark stone market forecast, the granite segment dominated the market, accounting for 42.4% of the dark stone market share in 2022 and is expected to sustain its dominance during the forecast period. Dark granite is frequently used for worktops, backsplashes, and bathroom vanities in residential buildings. It can be a magnificent focal point in these rooms due to its rich color and distinctive patterns. The flooring, fireplace surrounds, and outdoor paving made of dark granite give the overall design a polished aspect. Depending on the end user, the commercial was the leading segment in 2022. The increase in investments in commercial real estate developments in developing countries like China and India is a major factor in the expansion of dark stone in the commercial sector. China saw a $24.8 billion increase in real estate investment in 2022. The IBEF reports that "the Government has allowed FDI of up to 100% for townships and settlements development projects." Region-wise, Asia-Pacific was the leading market in 2022. The substantial increase in expenditures made in the industrialization and urbanization of rural areas in developing nations such as China and India had a significant impact on the development of the dark stone market in the area. "FDI in the real estate sector (including construction development & activities) stood at $55.5 billion from April 2000-December 2022," according to the India Brand Equity Foundation (IBEF). Blackstone, a private market investor that has invested $50 billion in the Indian real estate market, also plans to invest an additional $22 billion by 2030. As a result, it is anticipated that rising real estate investment in developing nations would serve as the primary growth driver for the dark stone market demand in the near future. Request For Customization :- https://www.alliedmarketresearch.com/request-for-customization/75125
The key players operating in the global dark stone industry are constantly engaged in strategic developments such as partnerships, joint ventures, acquisitions, and mergers to exploit the prevailing dark stone market opportunities. Business expansion, acquisition, and collaboration have emerged as key strategies among the market players to strengthen their position and achieve growth in the long term. The major players operating in the market include Marble Trend, Polycor, Inc., Brachot-Hermant NV, Coldspring, Stone Source, LLC., Antolini Luigi and C. S.p.a., Pokarna Limited, UGM Surfaces, Tripura Stones Pvt. Ltd., Aravali India Marbles and Granites, Stoneville USA, Inc. Aro Granite Industries Ltd., Stone Group International, Bhandari Marble Group, and Levantina Y Asociados de Minerales, S.A.
Key findings of the study
The dark stone market was valued at $3,652.2 million in 2022 and is estimated to reach $5,816.2 million by 2032, growing at a CAGR of 4.8% during the forecast period. On the basis of type, the limestone segment is estimated to witness the fastest growth, registering a CAGR of 5.9% during the forecast period. By application, the flooring segment dominated the market in 2022, accounting for 35.6% of the market share. As per end user, the residential segment is estimated to witness the fastest growth, registering a CAGR of 5.0% during the forecast period. According to region, the U.S. was the most prominent market in North America in 2022 and is projected to grow at a CAGR of 5.0% during the forecast period.

Dark Stone Market worth will reach $5.8 billion by 2032 ; Bhandari Marble Group, and Levantina Y Asociados de

| Emser Tile, Arizona Tile
News Provided By
Share This Article
The global Granite Flooring market growing at a CAGR of 4.4% forecast to 2031
PORTLAND, OREGON, UNITED STATES, October 12, 2023 / EINPresswire.com / -- The global granite flooring market size was valued at $5.3 billion in 2021, and is projected to reach $8.3 billion by 2031, growing at a CAGR of 4.4% from 2022 to 2031
The Granite Flooring Market increasing demand can be attributed to the increasing construction activities such as residential and non-residential. Typically, granite flooring consists of types such as tiles, slabs, and cobble stone. Among these, the tiles segment accounted for the highest market share in 2021, owing to its high strength, and durability. Granite is a very popular in-home renovation due to its strength and durability, making it ideal for kitchens countertops, flooring, monuments, wall cladding and others. Download Sample PDF (Get Full Insights in 335 PDF Pages) @ https://www.alliedmarketresearch.com/request-sample/16421
Top Leading Companies: Aro granite industries ltd., M S International, Inc., Fortuna Marmo Granite, Arizona Tile, Emser Tile, STONE SOURCE LLC., Mohawk Industries, Inc. (Daltile), Elegant Marbles and Grani Industries Limited, Stone Glamour S.r.l., Blyth Marble Limited. Granite, a natural stone formed deep within the Earth's crust, is known for its exceptional hardness and durability. Its resistance to wear and tear, moisture, and stains make it an ideal choice for flooring. This resilience has made it popular not only for commercial spaces but also for homes. Granite floors are capable of withstanding heavy foot traffic, making them a prime choice for areas with high activity, such as kitchens, hallways, and living rooms. In addition, granite tile is very strong and durable, scratch resistant which is best applicable for flooring. It comes in various different shades, colors and patterns. Granite tiles are very hard in nature owing to this it can take heavy loads. It is used for high traffic areas such as subway, shopping mall pathway, living room and office flooring. In addition, it offers various advantages such as flexibility, durability, easy cleaning and cost effectiveness. Consumers are increasingly seeking unique and customized flooring options. This trend is met by suppliers who offer a wide range of colors, finishes, and patterns to cater to individual preferences. Large format granite tiles are gaining popularity due to their modern and seamless appearance, making spaces appear more open and expansive. The concept of multi-use spaces in homes and commercial buildings has led to a preference for adaptable flooring materials. Granite fits the bill by effortlessly transitioning between different functions within a space. Buy This Research Report @ https://www.alliedmarketresearch.com/checkout-final/61c2648f6419801dc2294f3ba176d2e8
All such factors are anticipated to boost the demand of granite flooring market during the forecast period. The market is analyzed with respect to different locations such as indoor and outdoor. Out of these, the indoor segment accounted for the highest market share in 2021, owing to high demand from residential and non-residential users. By application, it is based on residential and non-residential. The future of the granite flooring market is promising. As construction and renovation activities continue to increase worldwide, the demand for durable, aesthetically pleasing, and eco-friendly flooring materials like granite will persist. Technological advancements in quarrying and processing are also expected to lower production costs and expand the market further. The granite flooring market is experiencing an upswing due to its unique blend of aesthetics, durability, and sustainability. As consumers increasingly seek long-term investments for their living spaces, granite flooring is poised to maintain its position as a sought-after choice in the flooring market. Its adaptability to various settings, along with evolving design trends and sustainable practices, ensures a bright future for the granite flooring industry. Enquiry Before Buying @ https://www.alliedmarketresearch.com/purchase-enquiry/16421

Granite Flooring Industry Forecast $8.3 Billion Potential by 2031 | Emser Tile, Arizona Tile

Knoll

Acquired

Stone Source sells stone and decorative products to consumers and contractors via the architect and design channel for commercial and high-end residential use. The company has a nationwide presence, with operations in New York, New Jersey, Massachusetts, Illinois, Washington, DC, Texas and California.

On April 1st, 2022, Stone Source was acquired by Paramount. Terms of the transaction were not disclosed.

Date	Round	Amount	Investors	Valuation Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.	Revenue	Sources
4/1/2022	Acquired		Paramount Global Surfaces	$XXM	0 FY undefined	1
4/14/2020	Loan	$XXM	Subscribe to see more	$XXM	0 FY undefined	0
9/23/2015	Debt		Subscribe to see more	$XXM	0 FY undefined	10
9/23/2015	Recap		Subscribe to see more	$XXM	0 FY undefined	10

Date	4/1/2022	4/14/2020	9/23/2015	9/23/2015
Round	Acquired	Loan	Debt	Recap
Amount		$XXM
Investors	Paramount Global Surfaces	Subscribe to see more	Subscribe to see more	Subscribe to see more
Valuation	$XXM	$XXM	$XXM	$XXM
Revenue	0 FY undefined	0 FY undefined	0 FY undefined	0 FY undefined
Sources	1	0	10	10

First funding	Last Funding	Investor	Rounds	Type	Location
4/1/2022	4/1/2022	Paramount Global Surfaces	1 Acquired	Corporation	Florida
00/00/0000	00/00/0000	Paycheck Protection Program	Subscribe to see more	Government	DC
00/00/0000	00/00/0000	Founders Equity	Subscribe to see more	Private Equity	New York
00/00/0000	00/00/0000	Graycliff Partners	Subscribe to see more	Private Equity	New York

First funding	4/1/2022	00/00/0000	00/00/0000	00/00/0000
Last Funding	4/1/2022	00/00/0000	00/00/0000	00/00/0000
Investor	Paramount Global Surfaces	Paycheck Protection Program	Founders Equity	Graycliff Partners
Rounds	1 Acquired	Subscribe to see more	Subscribe to see more	Subscribe to see more
Board Seats
Type	Corporation	Government	Private Equity	Private Equity
Location	Florida	DC	New York	New York

How VCs Use CB Insights

Professional Services

Platform Overview

Stone Source

Total Raised

Investors Count

Funding, Valuation & Revenue

Stone Source Investors