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The ceramic tiles market share is estimated to grow at a CAGR of 6.78% between 2022 and 2027. The size of the market is forecasted to increase by USD 37,011.59 million. The growth of the market depends on several factors, including the booming flooring industry, the growing demand from emerging economies, and the increasing adoption of ceramic tiles in residential and commercial decor.
This report extensively covers market segmentation by end-user (residential and non-residential), product (ceramic floor tiles, ceramic wall tiles, and others), and geography (APAC, Europe, North America, South America, and Middle East and Africa). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.
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The booming flooring industry is notably driving the market growth, although factors such as the disadvantages of ceramic tiles may impede the market growth. Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
The booming flooring industry is notably driving market growth. Ceramic tiles are used widely in flooring applications due to their versatile, sturdy, and stylish nature. The demand for floor coverings is increasing across the world due to the rise in infrastructure and construction activities. The adoption of hard surface flooring, such as ceramic tiles, is increasing due to its high performance and cost-effectiveness.
Ceramic tiles offer high resistance against stains and water. In addition, they are environment-friendly and durable. Their resistance to humidity and easy maintenance increases their service life. Ceramic tiles are versatile and can be used in various environments for interior and exterior applications. The ceramic flooring tile segment dominates the global flooring market, and an increase in its use will influence the global ceramic tiles market during the forecast period.
The introduction of 3D tiles is a key trend influencing market growth. With the introduction of 3D printing, the demand for 3D ceramic tiles is expected to increase. 3D printing technology and designs are in the nascent stage; hence, their use is limited. To fulfill the demands of consumers, constant improvisation is required.
The rising demand for sophisticated designs and patterns is fueling the 3D ceramic tiles market. 3D printing technology offers design textures on ceramic surfaces for interior and exterior architectural spaces. Multi-faceted patterns, geometric designs, graceful undulations, and sinuous forms make 3D ceramic tiles aesthetic. Thus, the introduction of 3D ceramic tiles will impact the global ceramic tiles market growth during the forecast period.
Disadvantages of ceramic tiles may hinder the ceramic tiles market share. Ceramic tiles are hard, which makes consumers difficult to stand on them for longer durations. Moreover, the installation of ceramic tiles is complex, expensive, and time-consuming and requires a wide range of mortar and tools. Hiring professional labor is also expensive and increases the overall cost of installation.
Ceramic tiles cannot contain heat for a long time. Moreover, the weight of ceramic tiles restricts their utilization in the upper stories of buildings, as they can affect the integrity of the building structure. The weight needs to be checked by a qualified professional, which further increases the project cost and complexity. The above disadvantages discourage consumers from using ceramic tiles, which, in turn, will hamper the growth of the global ceramic tiles market during the forecast period.
The report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Global Ceramic Tiles Market Customer Landscape
Vendors 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.
Asian Granito India Ltd. - The company offers ceramic tiles such as ceramic floor tiles.
The report also includes detailed analyses of the competitive landscape of the market and information about 15 market vendors, including:
Qualitative and quantitative analysis of vendors has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.
The market share growth by the residential segment will be significant during the forecast period. This segment includes small houses, apartments, complexes, and residential buildings. Ceramic tiles are used in residential applications due to their low cost, high durability, and resistance to shock, stains, and filth.
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The residential segment showed a gradual increase in the market share of USD 51,940.76 million in 2017 and continued to grow by 2021. The demand for ceramic tiles among residential end-users is expected to increase during the forecast period. There is a high demand for new homes and infrastructure globally. The construction of new housing is expected to increase by 1.6% by 2023 when compared to 2022. Moreover, the rising investments in residential projects, such as the construction of buildings and houses, have increased the demand for ceramic tiles in recent years. The residential building industry is also anticipated to benefit from government initiatives such as low-cost mortgages and the development of affordable homes, which is anticipated to fuel the growth of the residential segment of the global ceramic tiles market during the forecast period.
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APAC is estimated to account for 53% of the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
Expenditure toward the development and modernization of existing and new infrastructure is increasing, which is driving the demand for ceramic tiles in APAC. China is a key market for ceramic tiles in APAC. With the increasing awareness about noise pollution, the adoption of ceramic tiles is expected to increase. This is because ceramic tiles are hard and dense materials that are designed to dampen sound waves and reduce noise in residential buildings. These tiles are fire-resistant, as they are manufactured at very high temperatures. Therefore, the adoption of ceramic tiles among residential end-users in APAC will increase during the forecast period.
This report forecasts the contribution of all the segments to the growth of the market. In addition, we have included the COVID-19 impact and the recovery strategies for each segment. Construction activities in many countries across APAC were halted for several months in 2020 due to the pandemic, which resulted in a decline in the ceramic tiles market in APAC. The governments of countries in APAC made appropriate efforts to help the construction industry. For instance, in December 2022, the Government of India allocated USD 1.93 billion for Atal Mission for Rejuvenation and Urban Transformation (AMRUT) 2.0, Smart Cities Mission (SCM), Swachh Bharat Mission Urban (SBM-U) 2.0, Pradhan Mantri Awas Yojana-Urban (PMAY-U) and schemes under urban transport. Such factors are expected to lead to moderate growth of the regional ceramic tiles market during the forecast period.
The report forecasts market growth by revenue at global, regional, and country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027. The market has been segmented by End-user (Residential and Non-residential), Product (Ceramic floor tiles, Ceramic wall tiles, and Others), and Geography (APAC, Europe, North America, South America, and Middle East and Africa).
Ceramic Tiles Market Scope |
|
Report Coverage |
Details |
Page number |
161 |
Base year |
2022 |
Historic period |
2017-2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 6.78% |
Market growth 2023-2027 |
USD 37,011.59 million |
Market structure |
Fragmented |
YoY growth 2022-2023 (%) |
5.9 |
Regional analysis |
APAC, Europe, North America, South America, and Middle East and Africa |
Performing market contribution |
APAC at 53% |
Key countries |
US, China, India, Indonesia, and UK |
Competitive landscape |
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks |
Key companies profiled |
Asian Granito India Ltd., Bisazza SpA, CERAMICA SALONI SAU, Ceramiche Atlas Concorde Spa, Crossville Inc., GranitiFiandre S.p.A., Grespania SA, Grupo Lamosa SAB de CV, Huss Tile and Stone Inc., Kajaria Ceramics Ltd., Mohawk Industries Inc., Nitco Ltd., Norcros Plc, Pamesa Ceramica Compactto SLU, PORCELANOSA Grupo AIE, RAK Ceramics PJSC, Saudi Ceramic Co., Siam Cement PCL, SPANISH TILE FROM NULES S.A.U., and Turner Ceramic Tile |
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, and Market condition analysis for the forecast period. |
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 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 End-user
7 Market Segmentation by Product
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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