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Stone flooring is a type of flooring made from natural solid rock. These rocks are cut into slabs and sent to processing plants to get them shaped and polished. Limestone, granite, marble, and slate are common forms of stone flooring. These stone floors are usually used to create landmark buildings such renowned cathedrals, churches, and tombs across the globe. The stones are generally obtained from open pit mining.

Stone flooring is available in a variety of designs and colors. Increasing construction, renovation, and retrofitting activities for buildings and infrastructure is expected to fuel the demand for stone flooring during the forecast period. Stone and marble is considered as luxury materials for floors and are used in various buildings and monuments to make them more attractive. It enhances the interiors in which they are installed. Changing lifestyle and rising disposable income of people have given rise to increasing investment in interior decoration of homes. Increasing number of commercial buildings, hotels, theaters, hotels, and churches etc. is leading to increasing demand for stone floors. Demand for stone floors is growing in the construction industry as it is available in various colors and sizes and can be used as a decorative tool for both commercial and residential purposes. Desire to buy aesthetically appealing products is also projected to fuel the growth of the stone flooring market in the next few years.

Raw materials that are used for manufacturing stone processing machines such as shaping and cutting machine CNC machines are different of variants of steel and cast iron. These materials and machines have unstable prices that affect manufacturers and end-users. Higher cost of these stones is likely to hamper the growth of the stone flooring market during the forecast period. In addition, the maintenance cost of these tiles is also very high. Availability of substitutes such as wooden tiles is restricting the growth of the stone flooring market. High price of raw materials adds additional cost to the stone floor, hampering the growth of the stone flooring market. These stones are found only in selected regions of the world. Furthermore, climate of some regions does not recommend the use of stone flooring.  For example, in North America and Europe people prefer wooden floors in order to keep their houses warm.

The stone flooring market can be segmented on the basis of product type, application, and geography. On the basis of product type, the stone flooring market is segmented into limestone, granite, and slate. Marble is anticipated to lead the stone flooring market as marble is also used in construction of statues, temples, churches etc. In terms of application, the stone flooring market is categorized into commercial and residential. Residential segment is projected to lead the market due to increasing demand for home renovation and increasing number of buildings for residential purposes.

In terms of geography, the stone flooring market is segmented into North America, Europe, Asia, Middle East & Africa, and South America. Asia Pacific is expected to dominate the stone flooring market due to rising real estate industry and developing infrastructure activities. In the last few decades, the region witnessed rising demand for residential and non-residential buildings due to growing urbanization and industrialization.

Major players in the stone flooring market are Mannington Mills Inc, Shaw Floors, Gerflor DLW GmbH, Tarkett S.A., Beaulieu International, Mohawk Industries, Armstrong Flooring, The Dixie Group, Boral Limited and Congoleum Corporation etc. The players adopt new product development as their key development strategy to remain competitive in the market. They offer their products in various structures and colors. For example, Gerflor innovated a technology called ‘In-registered embossing,’ to make the flooring more customized.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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Stone Flooring Market

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