London, 13 August 2014: TechNavio, the independent tech-focused global research firm, has published a report on the Ceramic Tile Market in US 2014-2018, which is expected to grow at a CAGR of 16.7 percent during the period 2013-2018.
Key Market Drivers
- Variant Shapes and Sizes
- Low Interest Rates on Housing Loans
- Increasing Per Capita Consumption
Key Market Trends
- Increased Demand for Decorative Tiles
- Business Expansion through M&A
- Construction Market Enhancement
Key Vendors
- Mannington Mills Inc.
- Mohawk Industries
- Shaw Industries Group Inc.
“The introduction of thinner tiles is gaining popularity among consumers and tiiles available in various decorative shapes and designs are driving the market growth,” says Faisal Ghaus, Vice President of TechNavio.
“The Residential segment is the major revenue contributor to the Ceramic Tile market in the US, and is expected to witness high growth during the forecast period in comparison to the Commercial segment.”
To define the market circumstances in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
