Global Marble Flooring Market - Wishtree Insight

Global Marble Flooring Market by Finish (Brushed, Honed, Tumbled, and Polished), Business Type (Original Equipment Manufacturer and Aftermarket), End-User (Residential and Commercial), and Regions (The Asia Pacific, Middle East Africa, Europe, North America, and Latin America) - Global Industry Analysis, Share, Growth, Trends, Size, and Forecast 2021 – 2031

The global marble flooring market size was valued at USD 2.3 billion in 2021 and is expected to surpass USD 5.6 billion by 2031, expanding at a CAGR of 5.7% during the forecast period, 2021–2031. The growth of the market is attributed to the rising demand for a luxurious lifestyle and high-class décor.

INTRODUCTION

A floor is a hardened concrete created for aesthetical flooring solutions. Due to its aesthetic look, preventive features, and the smooth surface floor is a vital part of any building. Flooring is necessary to prevent leakage of water. Among various flooring types, marble flooring is the most popular one in the market due to its rich and elegant look. Marble flooring is extensively used for flooring purposes due to its better durability. They are available in various qualities, patterns, and textures. Due to their durability, marbles are used in spaces with high foot traffic, such as commercial, hospitals, recreational buildings, institutions, and many more. As marble adds a smooth finish and gives an aesthetic appearance to the floor it is the first preference among the users. The competitor is determined to make durable products with better patterns, textures, finishing, and cost-effective products for their users.

Market Trends, Drivers, Restraints, and Opportunities

• Rapid urbanization has increased the demand for the global marble flooring market..
• Rise in the number of luxury buildings has created a lucrative growth in the marble flooring market.
• The high cost and uncertainty in the real estate market have restrained the market growth. .
• The contact of vinegar and acids causes damage to the floor, and the maintenance of these floors may hamper the market.
• The increasing popularity of interior designing, new trends & designs, and remodeling of projects are anticipated to make a markable growth in the market.

Scope of the Report

Market Segment Insights

Hone marble segment is expected to expand at a rapid pace

Based on the finish segment, the global marble flooring market is divided into brushed, honed, tumbled, and polished. The hone segment is expected to expand at a rapid pace during the forecast period. As it is less slippery than polished marble and is easy to clean. However, the polished segment is anticipated to hold a key share of the market in the coming years owing to high-class décor. .

The original equipment manufacturers segment is projected to register a considerable CAGR

On the basis of business type, the market is bifurcated into original equipment manufacturers and aftermarkets. The original equipment manufacturers segment is projected to register a considerable CAGR during the forecast period. On the other hand, the aftermarkets segment is anticipated to account for a major market share during the forecast period.

The commercial segment is expected to hold a key share

Based on the end-user segment the global marble flooring market is bifurcated into residential and commercial. The commercial segment is expected to hold a key share in the market owing to rapid urbanization. However, the residential segment holds a steady share.

The Asia Pacific region is anticipated to constitute a key market share

In terms of regions, the global marble flooring market is classified as the Asia Pacific, Middle East Africa, Europe, North America, and Latin America. The market of India in the Asia Pacific region is expected to constitute a key share of the market during the projected period. However, the market of North America is expected to propel the market in the forecast period.

Competitive Landscape

Key players competing in the global marble flooring market are Rollza Granito LLP; Polycor Inc.; Marmi Corradini Group SPA; Forbo Flooring India Private Limited; Mumal Marbles Pvt. Ltd.; Loudoun Granite & Marble; Elegant Marbles & Granite Industries Ltd.; Namco Co. Srl; HMG Stones; Marcolini Marmi SPA; Johnson Tiles.

FAQs

How much is the market worth?

The global marble flooring market size was valued at USD 2.3 billion in 2021 and is expected to surpass USD 5.6 billion by 2031

During the forecast period, what is the CAGR of the market?

During the forecast period, the CAGR of the market is anticipated to be 5.7%.

What are the key drivers of the market?

The market's growth is attributed to the rising demand for a luxurious lifestyle and high-class décor.

What are the key drivers of the market?

The market's growth is attributed to the rising demand for a luxurious lifestyle and high-class décor

What segments are covered in the Global marble flooring market report?

finish (brushed, honed, tumbled, and polished), business type (original equipment manufacturer and aftermarket), and end-user (residential and commercial)

Mention the region is expected to hold the highest share in the Global marble flooring market.

The Asia Pacific region is expected to hold the highest share in the Global marble flooring market

Mention the key players in the market.

Rollza Granito LLP; Polycor Inc.; Marmi Corradini Group SPA; Forbo Flooring India Private Limited; Mumal Marbles Pvt. Ltd.; Loudoun Granite & Marble; Elegant Marbles & Granite Industries Ltd.; Namco Co. Srl; HMG Stones; Marcolini Marmi SPA; Johnson Tiles