Industry Analysis & Industry Trends
The Tile and Marble Stores industry has experienced significant growth in the years following the prolonged and substantial downturn in home improvement that plagued the industry amid the housing crisis.Industry revenue has recovered sharply since 2011 in response to steady growth in the number of housing starts, the value of residential construction and private spending on home improvements over the past five years. Over the five years to 2021, IBISWorld forecasts steady growth for the industry that will fall in line with continued stabilization across housing and construction markets. Although the rapid turnaround in housing starts is not expected to continue at the same torrid pace.... purchase to read more
Industry Report - Starting a New Business Chapter
The Tile and Marble Stores industry exhibits low barriers to entry for prospective operators, which do not need to meet licensing requirements or adhere to significant industry specific government regulations. However, initial investment costs can prevent stores from entering the industry, and high competition can deter entrants.
The initial cost of establishing or purchasing a retail location, and costs associated with building inventory, can be high. Prospective operators may not be readily able to secure the necessary capital to purchase or lease space to establish a new store, given the stringent lending market for commercial loans... purchase to read more