Tile Installers in the US - Market Research Report (2013-2028)
New York, United States
Last Updated: March 2023
NAICS 23834Revenue
$13.1bn
Past 5-Year Growth
Profit
$XX.Xbn
Employees
113k
Businesses
66,552
Wages
$X.Xbn
Tile Installers in the US industry analysis
Contractors in the Tile Installers industry primarily set and install ceramic, interior stone, mosaic tiles and terrazzo-based flooring. Demand for tile installing is closely tied to the level of activity in downstream residential and nonresidential building markets, both of which have exhibited volatile behavior. Demand for tile installers has been erratic, in line with broader economic disruptions including the COVID-19 pandemic and high interest rates. Overall, industry revenue has been declining at a CAGR of 2.2% over the past five years, reaching an estimated $12.9 billion in 2023. This includes a fall of 4.1% in 2023 alone as industry profit wanes to an estimated 5.2%.Before 2021, low interest rates, especially during the COVID-19 pandemic, enabled housing starts to grow, bolstering demand for tile installing from this market. While growth in residential construction has benefited tile installers, commercial market demand has been volatile, limiting industry revenue growth potential. The COVID-19 pandemic drastically reduced commercial construction activity, leading to the value of nonresidential construction cratering. After significant declines in 2020 and 2021, the industry's commercial market has begun to rebound, as rising corporate profit levels have enabled increased investment in commercial projects. To offset this growth the residential market has begun to plummet amid high interest rates dissuading investment.Moving toward 2028, residential construction will likely fall due to the Federal Reserve's objective of raising interest rates, which ultimately will add to the cost of financing construction and other projects. Continued supply chain concerns and inflationary pressures will also raise input costs for tile installers. Commercial construction activity will rise due to continued improvements in corporate profit levels, supporting the industry through uneasy residential markets. Overall, industry revenue is forecast to grow at a CAGR of 0.4% over the next five years, reaching an estimated $13.1 billion in 2028.
Trends and Insights
- High interest rates have taken a toll on a once-flourishing residential market, siphoning away demand for tile installation. Amid an unaccomodating borrowing environment, investment in residential construction is discouraged, damaging tile installation contractors' revenue-earning potential.
- Rising interest rates have dissuaded residential investment, shrinking demand for more expensive products like marble, granite and slate. More affordable products like ceramics and concrete have supplanted luxury materials like marble and terrazzo.
- Tile installers capitlize on the warm climates in regions like the Southeast and the West. These regions are especially hot and humid during the summer months, making tiles' cool, easy-to-clean features more attractive to homeowners and building constructors.
- Tile installers compete primarily based on price, because many tile contractors offer similar services for less specialized work, such as ceramic tile installation, which makes up a significant share of total industry revenue. Customers seek out contractors with a proven track record of high-quality workmanship.
Industry Overview
Market size and recent performance (2013-2028)
Industry revenue has declined at a CAGR of 2.0 % over the past five years, to reach an estimated $13.1bn in 2023.
Trends and Insights
Pandemic-induced disruptions siphon demand from commercial markets
- In 2018, private nonresidential construction grew alongside residential construction, similarly benefiting from low interest rates. The most robust growth came from retail and other commercial facilities, private educational facilities and private healthcare facilities.
- Additional trends and insights available with purchase
Source: IBISWorld
Industry outlook (2024-2029)
Market size is projected to grow over the next five years.
Trends and Insights
Tile installers look elsewhere as high interest rates deplete residential markets
- A slowdown in residential demand is expected within the industry, as rising interest rates will limit the number of home improvement projects and housing starts across the country.
Biggest companies in the Tile Installers in the US
| Company | Market Share (%)
2024 | Revenue ($short_0)
2024 | Profit ($short_0)
2024 | Profit Margin (%)
2024 |
|---|
There are no companies that hold a large enough market share in the Tile Installers in the US industry for IBISWorld to include in this product.
Products & Services Segmentation
Source: IBISWorld
Industry revenue is measured across several distinct product and services lines, including Tile, terrazzo and mosaic contracting, Marble, granite and slate contracting and Other construction. Tile, terrazzo and mosaic contracting is the largest segment of the Tile Installers in the US.
Trends and Insights
Marble, granite and slate contracting grow unaffordable to the average consumer
- Marble, granite and slate contracting includes setting and laying interior marble, granite, and slate tiles.
- More insights available in the full report
Widen you competitive advantage with related industries
Competitors
- Flooring Installers in the US
Complementors
- Masonry in the US
- Drywall & Insulation Installers in the US
- Ceramics Manufacturing in the US
International industries
- Tiling and Carpeting Services in Australia
- Tiling and Carpeting Services in New Zealand
- Floor & Wall Covering in the UK
- Building Completion & Interior Design in China
Table of Contents
About this industry
Industry definition
Operators in this industry set and install tile products (except for exterior stone and resilient tiles), such as ceramic, interior stone and mosaic tiles. Also, operators install marble particles mixed with cement to make terrazzo tiles. Installation includes new installations, additions, alterations, maintenance and repairs.
What's included in this industry?
Tile, terrazzo and mosaic contractingMarble, granite and slate contracting Non-construction activitiesMantel and mosaic workCompanies
Purchase this report to view all major companies in this industry.
Related Terms
TERRAZZOGROUTMOSAICFIXED-INCOME SECURITIESIndustry Code
NAICS 23834 - Tile Installers in the US
Performance
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Analyst insights
High interest rates have taken a toll on a once-flourishing residential market, siphoning away demand for tile installation. Amid an unaccomodating borrowing environment, inv...
In this chapter (4)
- Current Performance
- Outlook
- Volatility
- Life Cycle
Key metrics
- Annual Revenue, Recent Growth, Forecast, Revenue Volatility
- Number of Employees, Recent Growth, Forecast, Employees per Business, Revenue per Employee
- Number of Businesses, Recent Growth, Forecast, Employees per Business, Revenue per Business
- Total Profit, Profit Margin, Profit per Business
Charts
- Revenue, including historical (2013-2022) and forecast (2023-2028)
- Employees, including historical (2013-2022) and forecast (2023-2028)
- Businesses, including historical (2013-2022) and forecast (2023-2028)
- Profit, including historical (2013-2023)
- Industry Volatility vs. Revenue Growth
- Industry Life Cycle
Detailed analysis
- Trends in supply, demand and current events that are driving current industry performance
- Expected trends, economic factors and ongoing events that drive the industry's outlook
- Key success factors for businesses to overcome volatility
- How contribution to GDP, industry saturation, innovation, consolidation, and technology and systems influence the industry's life cycle phase.
Products and Markets
Learn about an industry's products and services, markets and trends in international trade.
Analyst insight
Rising interest rates have dissuaded residential investment, shrinking demand for more expensive products like marble, granite and slate. More affordable products like cerami...
In this chapter
- Products & Services
- Major Markets
Key metrics
- Largest market segment and value in 2023
- Product innovation level
Charts
- Products & services segmentation in 2023
- Major market segmentation in 2023
Detailed analysis
- Trends impacting the recent performance of the industry's various segments
- Innovations in the industry's product or service offering, specialization or delivery method
- Key factors that successful businesses consider in their offerings
- Buying segments and key trends influencing demand for industry products and services
Geographic Breakdown
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Analyst insights
Tile installers capitlize on the warm climates in regions like the Southeast and the West. These regions are especially hot and humid during the summer months, making tiles' ...
In this chapter (1)
- Business Locations
Charts
- Share of revenue, establishment, wages and employment in each state
- Share of population compared to establishments in each region in 2023
Tables
- Number and share of establishments in each state in 2023
- Number and share of revenue each state accounts for in 2023
- Number and share of wages each state accounts for in 2023
- Number and share of employees in each state in 2023
Detailed analysis
- Geographic spread of the industry across North America, and trends associated with changes in the business landscape
- Key success factors for businesses to use location to their advantage
Competitive Forces
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Analyst insights
Tile installers compete primarily based on price, because many tile contractors offer similar services for less specialized work, such as ceramic tile installation, which make...
In this chapter (4)
- Concentration
- Barriers to Entry
- Substitutes
- Buyer & Supplier Analysis
Key metrics
- Industry concentration level
- Industry competition level and trend
- Barriers to entry level and trend
- Substitutes level and trend
- Buyer power level and trend
- Supplier power level and trend
Charts
- Market share concentration among the top 4 suppliers from 2018-2023
- Supply chain including upstream supplying industries and downstream buying industries, flow chart
Detailed analysis
- Factors impacting the industry’s level of concentration, such as business distribution, new entrants, or merger and acquisition activity.
- Key success factors for businesses to manage the competitive environment of the industry.
- Challenges that potential industry entrants face such as legal, start-up costs, differentiation, labor/capital intensity and capital expenses.
- Key success factors for potential entrants to overcome barriers to entry.
- Competitive threats from potential substitutes for the industry’s own products and services.
- Key success factors for how successful businesses can compete with substitutes.
- Advantages that buyers have to keep favorable purchasing conditions.
- Advantages that suppliers have to maintain favorable selling conditions.
- Key success factors for how businesses can navigate buyer and supplier power.
Companies
Learn about the performance of the top companies in the industry.
Analyst insights
The Tile Installing industry has no major companies. This is due to the hyper-local nature of the industry, preventing contractors from capturing any significant share of the...
In this chapter
- Market Share Concentration
- Companies
- Company Spotlights
Charts
- Industry market share by company in 2019 through 2023
- Major companies in the industry, including market share, revenue, profit and profit margin in 2023
Detailed analysis
External Environment
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Analyst insights
Mounting interest rates and pandemic-related disruptions have led to declines in the value of both residential and nonresidential construction. The struggles of these crucial...
In this chapter
- External Drivers
- Regulation & Policy
- Assistance
Key metrics
- Regulation & policy level and trend
- Assistance level and trend
Charts
- Regulation & Policy historical data and forecast (2013-2028)
- Assistance historical data and forecast (2013-2028)
Detailed analysis
- Demographic and macroeconomic factors influencing the industry, including Regulation & Policy and Assistance
- Major types of regulations, regulatory bodies, industry standards or specific regulations impacting requirements for industry operators
- Key governmental and non-governmental groups or policies that may provide some relief for industry operators.
Financial Benchmarks
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Analyst insights
Mounting inflation has taken a toll on input prices, with added expenses pressuring contractors' profitability. Increases in overhead costs, as operations have experienced in...
In this chapter
- Cost Structure
- Financial Ratios
- Key Ratios
Key metrics
- Profit margin, and how it compares to the sector-wide margin
- Average wages, and how it compares to the sector-wide average wage
- Largest cost component as a percentage of revenue
- Industry average ratios for days' receivables, industry coverage and debt-to-net-worth ratio
Charts
- Average industry operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2023
- Average sector operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2023
- Investment vs. share of economy
Data tables
- Industry Multiples (2016-2021)
- Industry Tax Structure (2016-2021)
- Income Statement (2016-2021)
- Balance Sheet (2016-2021)
- Liquidity Ratios (2016-2021)
- Coverage Ratios (2016-2021)
- Leverage Ratios (2016-2021)
- Operating Ratios (2016-2021)
- Cash Flow & Debt Service Ratios (2013-2028)
- Revenue per Employee (2013-2028)
- Revenue per Enterprise (2013-2028)
- Employees per Establishment (2013-2028)
- Employees per Enterprise (2013-2028)
- Average Wage (2013-2028)
- Wages/Revenue (2013-2028)
- Establishments per Enterprise (2013-2028)
- IVA/Revenue (2013-2028)
- Imports/Demand (2013-2028)
- Exports/Revenue (2013-2028)
Detailed analysis
- Trends in the cost component for industry operators and their impact on industry costs and profitability
Key Statistics
Industry Data
Data Tables
Including values and annual change:
- Revenue (2013-2028)
- IVA (2013-2028)
- Establishments (2013-2028)
- Enterprises (2013-2028)
- Employment (2013-2028)
- Exports (2013-2028)
- Imports (2013-2028)
- Wages (2013-2028)
Methodology
How are IBISWorld reports created?
IBISWorld has been a leading provider of trusted industry research for over 50 years to the most successful companies worldwide. With offices in Australia, the United States, the United Kingdom, Germany and China, we are proud to have local teams of analysts that conduct research, data analysis and forecasting to produce data-driven industry reports.
Our analysts start with official, verified and publicly available sources of data to build the most accurate picture of each industry. Analysts then leverage their expertise and knowledge of the local markets to synthesize trends into digestible content for IBISWorld readers. Finally, each report is reviewed by one of IBISWorld’s editors, who provide quality assurance to ensure accuracy and readability.
IBISWorld relies on human-verified data and human-written analysis to compile each standard industry report. We do not use generative AI tools to write insights, although members can choose to leverage AI-based tools within the platform to generate additional analysis formats.
What data sources do IBISWorld analysts use?
Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and our own proprietary database of statistics and analysis to provide balanced, independent and accurate insights.
Key data sources in the US include:
- US Census Bureau
- US Bureau of Labor Statistics
- US International Trade Commission
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
- Industry and trade associations
- Industry federations or regulators
- Major industry players annual or quarterly filings
Finally, IBISWorld’s global data scientists maintain a proprietary database of macroeconomic and demand drivers, which our analysts use to help inform industry data and trends. They also maintain a database of statistics and analysis on thousands of industries, which has been built over our more than 50-year history and offers comprehensive insights into long-term trends.
How does IBISWorld forecast its data?
IBISWorld’s analysts and data scientists use the sources above to create forecasts for our proprietary datasets and industry statistics. Depending on the dataset, they may use regression analysis, multivariate analysis, time-series analysis or exponential smoothing techniques to project future data for the industry or driver. Additionally, analysts will leverage their local knowledge of industry operating and regulatory conditions to impart their best judgment on the forecast model.
IBISWorld prides itself on being a trusted, independent source of data, with over 50 years of experience building and maintaining rich datasets and forecasting tools. We are proud to be the keystone source of industry information for thousands of companies across the world.
Learn more about our methodology and data sourcing on the Help Center.
Frequently Asked Questions
Unlock comprehensive answers and precise data upon purchase. View purchase options.
What is the market size of the Tile Installers in the US industry in United States in 2024?
The market size of the Tile Installers in the US industry in United States is $13.1bn in 2024.
How many businesses are there in the Tile Installers in the US industry in 2023?
There are 66,552 businesses in the Tile Installers in the US industry in United States, which has declined at a CAGR of 0.3 % between 2018 and 2023.
Has the Tile Installers in the US industry in United States grown or declined over the past 5 years?
The market size of the Tile Installers in the US industry in United States has been declining at a CAGR of 2.0 % between 2018 and 2023.
What is the forecast growth of the Tile Installers in the US industry in United States over the next 5 years?
Over the next five years, the Tile Installers in the US industry in United States is expected to grow.
What does the Tile Installers in the US in United States include?
Tile, terrazzo and mosaic contracting and Marble, granite and slate contracting are part of the Tile Installers in the US industry.
How competitive is the Tile Installers in the US industry in United States?
The level of competition is high and steady in the Tile Installers in the US industry in United States.
