Natural Stone Tiles Market Estimated to Register a CAGR of 6.75% over 2016-2020

Natural Stone Tiles Market Estimated to Register a CAGR of 6.75%
over 2016-2020
Date: 2016-09-11
Even though the global real estate is facing a downturn or stagnancy for growth, the global
demand for non-resilient flooring is estimated to be 97 billion square feet in 2016, Natural
Stone Tiles accounted for approximately 7.8% of this volume. Such demand can be attributed
to increase usage in private property applications such luxurious houses as well as work and
office spaces.
Among stone flooring, marble and granite are expected to witness high growth. Manufactured
Natural Stone Tiles have significantly contributed to overall industry growth.
Luxurious residential applications contributed to over 73% of the overall Natural Stone Tiles
market revenue in 2015. Exponential increase in property resale has led to an increase in
homeowner remodeling and home improvement projects and escalation in the prices of
residential property across the globe. This has proved to be an incentive for non-movers to
invest in their homes and upgrade to stone countertops and flooring.
At this case, the researcher reveals Natural Stone Tiles Market Estimated to Register a CAGR
of 6.75% over 2016-2020.
In terms of geographic, developing markets from Asia Pacific have captured a sizable portion
of the overall demand, both in terms of volume and revenue, which can be primarily
attributed to rapid urbanization and increasing infrastructure facilities in the region.
Increased demand from retail, healthcare and education sectors along with increasing
demand from the commercial sector have driven the non-resilient flooring market in North
America and Europe.
Raw material costs have significantly impacted the Natural Stone Tiles industry. Natural
Stone Tiles need to be mined, processed into small slabs that can then be used for flooring,
thereby making them expensive. Technological advancements in mining and processing of
natural and manufactured stone are expected to result in reduced prices over the next five
years.
Worldwide Natural Stone Tiles market share by region as following:
Read Full Report: http://www.gosreports.com/global-natural-stone-tiles-report/
The report firstly introduced Atural stone tiles basic information including Atural stone tiles
definition, classification, application and industry chain overview; Atural stone tiles industry
policy and plan, Atural stone tiles product specification, manufacturing process, cost
structure etc. Then we deeply analyzed the world’s main region market conditions that
including the product price, profit, capacity, production, capacity utilization, supply, demand
and industry growth rate etc.
In the end, the report introduced Atural stone tiles new project SWOT analysis, investment
feasibility analysis, and investment return analysis.
In a word, it was a depth research report on Global Atural stone tiles industry. And thanks to
the support and assistance from Atural stone tiles industry chain related technical experts
and marketing experts during Research Team survey and interviews.
Joanna | Executive – International Business and partner Relations
E-mail: info@gosreports.com | Tel: 001-510-400-8520
Web: www.gosreports.com

Natural Stone Tiles Market Estimated to Register a CAGR of 6.75% over 2016-2020 - http://www.gosreports.com/global-natural-stone-tiles-report/

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