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The ceramic and natural stone tiles market size is estimated to grow at a CAGR of 7.19% between 2023 and 2028. The market size is forecast to increase by USD 83.05 billion. The growth of the market depends on several factors such as the growth of the construction and real estate industry, the rise in partnership and collaboration among market vendors and increased use in repair and renovation applications. Our report examines historic data from 2018 to 2022, besides analyzing the current market scenario.
This report extensively covers market segmentation by type (porcelain, glazed ceramic, granite, limestone, and others), end-user (commercial, residential, and recreational), and geography (APAC, Europe, North America, Middle East and Africa, and South America). It also includes an in-depth analysis of drivers, trends, and challenges.
Ceramic and Natural Stone Tiles Market Forecast 2024-2028
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Our researchers studied the data for years, with 2023 as the base year and 2024 as the estimated year, and presented the key drivers, trends, and challenges for the market. Although there has been a disruption in the growth of the market during the COVID-19 pandemic, a holistic analysis of drivers, trends, and challenges will help companies refine marketing strategies to gain a competitive advantage.
The construction and real estate sectors are the primary drivers of the growth of the ceramic and natural stone tiles market. As construction projects, including residential, commercial, and infrastructure, continue to grow, the demand for ceramic and natural stone tiles for flooring and wall applications also increases. The construction and real estate industries in Europe are major drivers of the growth of the global ceramic and natural stone tiles market due to the versatility, durability, and aesthetic appeal of ceramic and natural stone tiles.
Moreover, as construction and real estate projects continue to grow and evolve, the demand for these tiles is expected to remain robust, which will positively impact the growth of the global ceramic and natural stone tiles market during the forecast period.
Ceramic and natural stone tiles are generally made from a mixture of clay, sand, and other natural elements. These are commonly manufactured by molding into desired shapes and designs and later heating at high temperatures in a furnace. The aesthetics of ceramic and natural stone tiles make them appropriate for decorative walls, roofing, and flooring purposes. The increasing demand for sophisticated designs and patterns is fueling the growth of the global ceramic and natural stone tiles market.
in addition, the introduction of 3D ceramic and natural stone tiles will influence the global ceramic and natural stone tiles market's growth. Therefore, all such factors will foster the growth of the global ceramic and natural stone tiles market during the forecast period.
Concerns about the environmental impacts caused by ceramic and natural stone tile manufacturing are among the important challenges that are adversely influencing the global ceramic and natural stone tiles market. During ceramic and natural stone tile manufacturing, harmful pollutants like suspended dust particles, smoke and unburned fuel particles, aerosol particles, and paint and glaze spray particles are emitted. The price of producing these tiles is growing owing to the laws governing the use of raw materials, post-industrial recycling, the use of anti-pollution manufacturing tools, and the development of technologies to reduce harmful emissions.
Therefore, it is expected that increased government regulations will limit the expansion of the market in focus during the forecast period. Government regulations will limit the expansion of the market in focus during the forecast period. Thus, such factors will limit the growth of the global ceramic and natural stone tiles market during the forecast period.
The porcelain segment is estimated to witness significant growth during the forecast period. Porcelain is a type of ceramic tile and is most commonly used in areas where high levels of moisture and humidity are expected, such as in the bathrooms and kitchens. Owing to the amount of water and humidity bathrooms handle, Porcelain tile is best suited for use in bathrooms. These tiles are highly recommended for kitchen floors and countertops as they are subject to frequent use and spills.
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The porcelain segment was the largest and was valued at USD 80.17 billion in 2018. Porcelain is made from a very fine-grained, white clay, which makes porcelain resistant to wear and tear, robust, compact, and extremely durable. The demand for porcelain tiles is growing due to the increasing replacement of tiles in residential and commercial buildings. Moreover, the growing renovation market in developing countries such as India propped up porcelain tile consumption. Therefore, owing to such factors, the porcelain segment is expected to witness growth in the global ceramic and natural stone tiles market during the forecast period.
Based on end-user, the market has been segmented into commercial, residential, and recreational. The commercial segment will account for the largest share of this segment.?The ceramic and natural stone tiles market is driven by the construction sector. The construction sector has played an important role in the economy globally. The growing demand for office buildings, restaurants, hospitality, and luxury buildings will augment the growth of the commercial segment. Other factors, such as growth in the corporate sector and travel and tourism industry, will further enhance the demand for office buildings, restaurants, hotels, and other commercial buildings. Therefore, owing to all such factors, the commercial segment in the global ceramic and natural stone tiles market is expected to grow significantly during the forecast period.
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APAC is estimated to contribute 37% to the growth by 2027. Technavio’s analysts have elaborately explained the regional trends, drivers, and challenges that are expected to shape the market during the forecast period. APAC is expected to witness significant growth in the global ceramic and natural stone tiles market during the forecast period. Owing to large-scale investments by governments and the entry of the private sector into building and construction projects. For instance, in India, government initiatives, such as the smart city mission and housing for all, are fueling growth in the construction and infrastructure sectors. Expenditure is increasing toward the development and modernization of existing and new infrastructure, which is driving the demand for ceramic and natural stone tiles in APAC.
In addition, globally, China, South Korea, and Japan are the top three shipbuilding markets. These countries accounted for around 90% of the global deliveries in 2021. Therefore, the increase in the number of shipbuilding orders will raise the demand for ceramic and natural stone tiles. Such factors will contribute to the accelerating year-over-year growth rate of the ceramic and natural stone tiles market in APAC during the forecast period.
The outbreak of COVID-19 in 2020 led to a decline in the regional ceramic and natural stone tiles market. However, the large-scale vaccination drives conducted by the government across the region in the first half of 2021 led to the resumption of construction activities. The resumption of operations in all the industrial and manufacturing units led to the gradual recovery of the ceramic and natural stone tiles market in APAC. Moreover, the growing demand for commercial and residential buildings in the region, coupled with the flourishing construction market, will significantly contribute to the growth of the ceramic and natural stone tiles market in APAC during the forecast period.
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
Arizona Tile LLC - The company offers ceramic and natural tiles such as large format tile, patterned file, and marble tile.
We also have detailed analyses of the market’s competitive landscape and offer information on 20 market companies, including:
Arizona Tile LLC, Artisans of Devizes, Atlas Ceramics South Limited, Authentic Stone Ltd., Bedrosians Tile and Stone., Bisazza SpA, Clayhaus Ceramics, Discount Ceramics Leicester, Hakatai Enterprises Inc., Heritage Ceramics Ltd, Kohler Co., London Tile Co, Panariagroup Industrie Ceramiche S.p.A., Royal Stones Ltd., Sarsen Stone Group, Stone Direct International Ltd, Susan Jablon, THE STONE and TILE COMPANY LTD, Tile America, and Vogue Ceramics Ltd.
Technavio report provides an in-depth analysis of the market and its players through combined qualitative and quantitative data. The analysis classifies companies into categories based on their business approaches, including pure-play, category-focused, industry-focused, and diversified. Companies are specially categorized into dominant, leading, strong, tentative, and weak, based on their quantitative data analysis.
The ceramic and natural stone tiles market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2018 to 2028.
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Ceramic And Natural Stone Tiles Market Scope |
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Report Coverage |
Details |
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Page number |
150 |
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Base year |
2023 |
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Historic period |
2018-2022 |
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Forecast period |
2024-2028 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 7.19% |
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Market Growth 2024-2028 |
USD 83.05 billion |
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Market structure |
Fragmented |
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YoY growth 2023-2024(%) |
6.89 |
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Regional analysis |
APAC, Europe, North America, Middle East and Africa, and South America |
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Performing market contribution |
APAC at 37% |
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Key countries |
US, China, India, Indonesia, and UK |
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Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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Key companies profiled |
Arizona Tile LLC, Artisans of Devizes, Atlas Ceramics South Limited, Authentic Stone Ltd., Bedrosians Tile and Stone., Bisazza SpA, Clayhaus Ceramics, Discount Ceramics Leicester, Hakatai Enterprises Inc., Heritage Ceramics Ltd, Kohler Co., London Tile Co, Panariagroup Industrie Ceramiche S.p.A., Royal Stones Ltd., Sarsen Stone Group, Stone Direct International Ltd, Susan Jablon, THE STONE and TILE COMPANY LTD, Tile America, and Vogue Ceramics Ltd |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period. |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this market research report to meet your requirements. Get in touch
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Type
7 Market Segmentation by End-user
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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