Tile & Marble Stores in the US - Industry Market Research Report

Tile & Marble Stores in the US - Industry Market Research Report
Tile & Marble Stores in the US

The Tile and Marble Stores industry has exhibited strong financial performance over the past five years, especially amid the COVID-19. Retailers in this industry primarily sell to professional contractors in residential and nonresidential building markets and do-it-yourself homeowners. Tiles and marbles are purchased for new construction projects or remodeling activities. Over the past five years, residential and nonresidential construction spending has declined due to rising interest rates targeting high inflation at the end of the period. However, private spending on home improvements grew during the same period, counteracting the declining value of construction. Overall, revenue has expanded an annualized 2.2% to $10.7 billion over the five years to 2023, including growth of 2.6% in 2023 amid slowing residential construction activities.

This industry primarily sells tile and marble slabs through direct and electronic retail sale. The industry does not include mass merchants or home improvement stores, but it does include the retail locations of vertically integrated tile and marble manufacturers.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.