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Growing U.S.
Ceramic Tile Market to Reach $3 Billion in 2010
NEW YORK, Jan. 16 /PRNewswire/ --
Bolstered by strong growth in the residential and construction
markets as well as innovations in design, the U.S. ceramic tile
market is expected to continue its healthy growth spurt with an
anticipated value topping $3 billion in 2010. Heavy hurricane damage
and a surge in renovation and remodeling activities also increased
demand, helping the 2005 supply grow by 9% over 2004 according to
Ceramic Floor and Wall Tiles in the U.S., a new report from market
research publisher SBI, a division of MarketResearch.com.
SBI projects the market will
continue to see annual increases in value due in part to continued
growth in the non-residential construction sector as well as the
current boom in kitchen and bath remodeling. Kitchen remodeling for
owner-occupied properties, for example, grew at a CAGR of 46% from
2001 to 2005 with kitchen remodeling expenditures reaching $23
billion in 2005 and contributing greatly to the ceramic tile pot.
At the same time, the popularity of
tiles as an affordable alternative to other floorings, such as hard
wood, has increased as manufacturers continue to innovate with
bolder colors, exotic patterns and unusual shapes, larger tiles, and
tiles resembling natural materials, such as wood, stone, textiles,
and even animal skins.
"Consumers are falling in love with
tiles because besides their aesthetic appeal, they are affordable,
moisture-resistant, maintenance-free, and resistant to bugs and
termites," notes Tatjana Meerman, Managing Editor of SBI. "We expect
the market to continue its growth pattern. However, it will continue
to be extremely competitive as domestic manufacturers struggle to
keep market share and margins in the face of growing pressures from
low-cost imports."
Containing comprehensive data on
U.S. shipments, imports and exports, end-use markets, purchaser
demographics, and the competitive environment, Ceramic Floor and
Wall Tiles in the U.S. identifies key issues and trends affecting
the marketplace, and profiles major marketers along with
manufacturer and retailer strategies. Priced at $2,500, this report
is available from SBI by clicking:
http://www.sbireports.com/Ceramic-Floor-Wall-1281509. It is also
available at MarketResearch.com.
About SBI
SBI, a division of
MarketResearch.com, publishes research reports in the industrial,
construction, materials, and consumer goods markets. For more
information visit
http://www.sbireports.com/, or contact Tom Ehart at 240-747-
3014, or
tehart@marketresearch.com.
Contact:
Tom Ehart
MarketResearch.com
240-747-3014
tehart@marketresearch.com
Source:
SBI
CONTACT: Tom Ehart,
MarketResearch.com, +1-240-747-3014,
tehart@marketresearch.com
Web site:
http://www.marketresearch.com/
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