US Decorative Tile Market Overview
Continued Growth of Decorative Tiles in the United States
The United States remains at the forefront of the North America decorative tiles market, asserting its dominance with a commanding market share of 75.21% and a value of USD 5,142.8 million in 2016. Projections indicate that the U.S. market will sustain its momentum, anticipating the highest Compound Annual Growth Rate (CAGR) of 3.63% throughout the forecast period. In comparison, Canada, the second-largest market in 2016, was valued at USD 1,123.5 million and is predicted to grow at a CAGR of 2.91%.
The surge in demand for decorative tiles in the United States is primarily attributed to increased private construction activities. Despite this heightened demand, local production falls short, leading to a significant reliance on imports from various countries. Tile Edizioni highlights the U.S. as one of the primary global importers of tiles. The data underscores a substantial increase in ceramic tile imports, rising from 131 million square meters in 2011 to 175 million square meters in 2015, representing 6.4% of the world's ceramic tile imports. Further statistics from 2016 indicate that the U.S. imported glazed ceramics worth USD 74,418 thousand, as reported by the International Trade Centre (ITC).
A more detailed breakdown of the U.S. market reveals that ceramic tiles claimed the largest market share of 32.16% in 2016, with a valuation of USD 1,654.0 million. This segment is poised to exhibit the highest CAGR of 3.75% during the forecast period. Porcelain tiles, securing the second-largest market position in 2016 at USD 1,517.0 million, are expected to grow at a CAGR of 3.77%. In terms of application, the residential sector emerged as the dominant market share holder in 2016, commanding 51.9% with a value of USD 2,670.6 million. The residential segment is projected to maintain the highest CAGR of 4.13% during the forecast period. Meanwhile, the commercial segment, the second-largest market in 2016 valued at USD 2,472.2 million, is anticipated to grow at a CAGR of 3.08%.
As the United States continues to lead in decorative tiles, the market dynamics reflect a robust trajectory with sustained growth prospects in both residential and commercial applications.
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Report Attribute/Metric
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Details
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聽聽Market Size
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聽聽USD 80.22 Billion 2030
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聽聽CAGR
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聽 5.50% CAGR (2022-2030)
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聽聽Base Year
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聽聽2021
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聽聽Forecast Period
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聽聽聽2022聽to聽2030
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聽聽Historical Data
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聽聽2019聽&聽2020
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聽聽Forecast Units
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聽聽Value (USD Million)
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聽聽Report Coverage
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聽聽Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
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聽聽Segments Covered
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聽聽Product, Application and End-Use
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聽聽Geographies Covered
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聽聽North America, Europe, Asia-Pacific, and Rest of the World (RoW)
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聽聽Key Vendors
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聽聽RAK Ceramics (UAE), The Siam Cement Public Company Limited (Thailand), Group Lamosa (Mexico), Roca Sanitario, S.A. (Spain), Panariagroup Industrie Ceramiche S.p.A (Italy), Gruppo Concorde S.p.A. (Italy), Mohawk Industries, Inc. (U.S.), Kajaria Ceramics Limited (India), Pamesa Cer谩mica SL (Spain), and Guangdong Dongpeng Ceramic Co., Ltd. (China)
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聽聽Key Market Opportunities
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路聽 Increasing internet penetration
路聽 Increasing manufacturing of ceramic tiles
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聽聽Key Market Drivers
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路聽 Increasing private and residential construction
路聽 Increased disposable income
路聽 Increased focus on the aesthetic values
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