The global stone flooring market 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 thriving due to a combination of economic, technological, and environmental factors. Economic growth and rising incomes in nations such as China and India are driving up construction, and increasing demand for stone floors. Advances in stone cutting and sealing technology have simplified the installation and maintenance of stone flooring. People admire stone flooring because it comes in a variety of colors, textures, and patterns, making it an ideal choice for homes, companies, and luxury hotels. Environmental concerns are also increasing demand for eco-friendly stone products sourced from renewable resources. All of these characteristics contribute to the growing popularity and widespread use of stone flooring.
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A few of the major players in the stone flooring market are, Mohawk Industries, Inc. (US), Shaw Industries Group, Inc. (US), Stone Source LLC (US), Polycor Inc. (US), and Emser Tile (US). These players have implemented various growth strategies, such as acquisitions, partnerships, and expansions to enhance their market shares and boost their product portfolios.
Mohawk Industries, Inc. is a leading global flooring manufacturer. Its vertically integrated manufacturing and distribution processes give it a competitive edge in producing a wide range of flooring options, including carpet, rugs, ceramic tiles, laminate, wood, stone, luxury vinyl tile (LVT), and sheet vinyl flooring. The company has fully integrated operations in North America, Europe, Latin America, and Australasia. It manufactures products in 19 countries on five continents and sells them in nearly 170 nations. The company operates through three reporting segments: Global Ceramic, Flooring North America (Flooring NA), and Flooring Rest of the World (Flooring ROW). Global Ceramic designs, manufactures, sources, distributes, and markets various ceramic, porcelain, and natural stone tile products. The company’s brands, among the most recognized in the industry, include American Olean, Daltile, Decortiles, Durkan, Eliane, Elizabeth, Feltex, Godfrey Hirst, IVC Commercial, IVC Home, Karastan, Kerama Marazzi, Marazzi, Moduleo, Mohawk, Pergo, Quick-Step, Unilin, and Vitromex. The Daltile brand offers stone flooring products including granite, limestone, marble, slate, and travertine tiles. Daltile operates as a subsidiary of Mohawk Industries.
Shaw Industries Group, Inc. is a wholly-owned subsidiary of Berkshire Hathaway, Inc. The company manufactures and supplies a wide range of products, including carpet, resilient flooring, hardwood, tile and stone, synthetic turf, and other specialty items. It caters to both residential and commercial markets globally through brands such as Anderson Tuftex, COREtec, Patcraft, Philadelphia Commercial, Shaw Contract, Shaw Floors, Shaw Sports Turf, Shawgrass, Southwest Greens, and Watershed Geo. The company’s stone flooring portfolio includes marble, natural stones, and other stone types. It has 51 distribution facilities and sales offices in the US, Australia, Belgium, Brazil, Canada, Chile, China, France, the Netherlands India, Mexico, Singapore, UAE, Vietnam, and the UK.
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Stone Source LLC is a designer and supplier of high-quality natural stone and tile products for both commercial and residential projects. The design-focused company provides a wide selection of luxurious materials for architecture and interior design, with natural stone being particularly popular. Its sought-after options include marble, limestone, quartzite, travertine, and basalt. The company also offers an expertly curated collection featuring granite, onyx, and slate. The US-based company has showrooms in Atlanta, Chicago, Carlstadt, Dallas, East Hampton, Houston, Nashville, New York, and Washington.
Polycor Inc. is a leading global quarrying company for natural stone. The company offers granite, marble, limestone, and soapstone products for both commercial and residential applications such as walls, urban landscaping, commercial flooring, kitchens and bathrooms, and monuments. Its brands include Swenson Granite Company LLC, Vetrazzo, LLC, and Rock of Ages. The company operates more than 60 quarries and more than 20 manufacturing plants across North America and Europe.
Emser Tile designs, markets, and produces top-quality tile and natural stone. It offers a wide range of products, including porcelain, ceramic, metal, glass, quarry, decorative accents, mosaics, cut-to-size stone, and custom-manufactured items. The company’s products are suitable for both residential and commercial projects. Emser Tile has manufacuring facilities across the US, and advanced distribution centers providing over 3 million sq. ft. of storage space, allowing it to ensure that products are readily available and easily accessible. With more than 78 locations and partnerships with factories in over 20 countries, Emser has the capability to handle local or international projects of any size.
The companies have initiated the following developments:
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