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:
- In October 2023, Emser Tile, a leading designer and manufacturer of top-quality tile and natural stone products, unveiled Emser Tech, a cutting-edge product testing facility. This state-of-the-art facility is fully equipped to conduct all industry-standard tests efficiently. With this new facility, Emser can ensure the validation of testing, data analysis, and quality control measures. This strategic move empowers the company to not only meet but surpass industry standards.
- In September 2023, Polycor Inc. acquired ROCAMAT, a prominent French natural stone producer and a key player in the global building stone industry.
- In February 2023, Polycor Inc. acquired Ebel Quarries, a limestone quarrying and fabrication company based in Wiarton, Ontario. The acquisition enables Polycor to enhance its presence in Ontario, meet the rising demand for natural stone, and diversify its extensive product line by incorporating a new subsidiary into its extraction and finishing network.
- In May 2022, Birch Hill Equity Partners and Investissement Québec acquired Polycor Inc. in partnership with the company’s management team from TorQuest Partners and its co-investors, Wynnchurch Capital and PNC Mezzanine Capital. Polycor finalized the transaction on April 29, 2022. This deal will support Polycor’s ongoing growth in Québec and its global operations.
- In April 2022, Paramount Global Surfaces, a portfolio company of Platinum Equity, acquired Stone Source from a group of investors headed by Founders Equity. Partnering with PGS will give Stone Source the advantage of increased scale and allow it to offer customers a more extensive range of products.
- In February 2022, Diverzify, a commercial flooring installation, and interior services company, announced a merger with Shaw Industries Group Inc. This will help Shaw Industries Group, Inc. to strengthen its market position.
- In August 2020, Shaw Industries Group, Inc. (Shaw) invested approximately USD 20 million in the expansion of its resilient manufacturing capabilities in Ringgold, Georgia.
- In November 2019, Emser Tile inaugurated its 76th branch in North America. Located 18 miles northwest of Philadelphia, this new showroom will cater to central and eastern Pennsylvania, and Southern New Jersey, as well as parts of New York and Delaware. Positioned strategically in the Philadelphia market, which shows promise for both remodeling and new construction projects, the new location offers convenience to Emser Tile’s growing base of customers in the Mid-Atlantic region.
- In July 2019, Emser Tile opened its 75th branch in North America. The second branch in Atlanta, Georgia, it reflects the company’s ongoing dedication to the region. The addition enhances accessibility to Emser Tile’s diverse range of tile and natural stone products for both residential and commercial projects, particularly benefiting customers conducting business on the west side of Atlanta.
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