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The mosaic tile market is estimated to grow at a CAGR of 6.05% between 2022 and 2027. The size of the market is forecast to increase by USD 8,137.66 million. The growth of the market depends on several factors, including growing demand from emerging economies, the booming flooring industry, and the increasing adoption of mosaic tiles in residential and commercial decor.
This report extensively covers market segmentation by end-user (non-residential and residential), type (mosaic floor tiles, mosaic wall tiles, and others), and geography (APAC, North America, Europe, 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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Technavio categorizes the global mosaic tile market as a part of the global construction materials market within the global materials market. The parent global construction materials market covers products and companies engaged in the manufacturing of construction materials, including sand, clay, gypsum, lime, aggregates, cement, concrete, bricks, and other materials. Our research report has extensively covered external factors influencing the parent market growth during the forecast period.
The booming flooring industry is notably driving the market growth, although factors such as the rising cost of raw materials 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.
Key Mosaic Tile Market Driver
The booming flooring industry is notably driving market growth. The demand for floor coverings is increasing globally due to the rise in infrastructural and construction activities. The adoption of hard surface flooring, such as mosaic tiles, is increasing due to its good performance and cost-effectiveness, and due to its versatile, sturdy, and stylish nature. Furthermore, the flooring market is expected to grow globally owing to increasing personal disposable income, which enhances the affordability of home and business owners to have better quality products.
Mosaic tiles offer excellent resistance against stains and water. In addition, their environment-friendly nature and durability properties make them favored among consumers in the global flooring market. Their robust characteristics toward high humidity conditions and easy maintenance enhance their service life. Since mosaic tiles are versatile in nature, they can also be used in a variety of environments for both interior and exterior applications. As the global flooring market is expected to cross USD 382 billion by 2025 the demand for mosaic flooring will also increase. Therefore, such factors will influence the global market during the forecast period.
Significant Mosaic Tile Market Trend
The increased investment in the development of infrastructure is an emerging trend in the market. The global construction industry is growing rapidly, with a major contribution from emerging countries. The governments of emerging countries such as India, China, and Brazil are investing significantly in residential homes owing to the rapid urbanization in lieu of jobs, a better lifestyle, and other amenities. The global construction industry is expected to grow by more than 80%, and the revenue is expected to reach over USD 15 trillion by the end of 2030.
Mosaic materials have extensive applications in building projects in the commercial and industrial segments, such as mosaic tiles, bricks, roof tiles and pipes, sanitary ware, and fine art since these materials efficiently help reduce noise and are cost-effective compared to other types of materials. Therefore, the increasing demand for infrastructure projects is expected to drive the growth of the global market during the forecast period.
Major Mosaic Tile Market Challenge
The rising cost of raw materials is a major challenge impeding market growth. Manufacturing mosaic tiles is an extremely energy-intensive process. Power, gas, and transportation are vital cost-related concerns that impact the industry. A uniform and stable supply of power and fuel at reasonable rates are vital for the growth of the mosaic tiles industry.
There is great volatility in the pricing of raw materials used for manufacturing mosaic tiles. There is price volatility in raw materials, such as stone, porcelain, and glass. Volatile raw material prices increase the capital investments needed in the entire manufacturing process of mosaic tiles. Rising costs and unexpected fluctuations in raw material price levels destabilize the entire supply chain and render it difficult for manufacturers to sustain themselves in the highly competitive mosaic tile market. Thus, the demand for mosaic tiles from the construction industry is expected to be hampered, which, in turn, will hinder the growth of the global market during the forecast period.
Key Mosaic Tile Market Customer Landscape
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 Mosaic Tile 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.
Ceramiche Atlas Concorde Spa - The company operates under one segment. The company under this segment offers different types of ceramic tiles based on color, look, design which includes dolmen pro, brick atelier, brave, trust, norde, and many more. The key offerings of the company include mosaic 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 non-residential segment will be significant during the forecast period. A considerable number of commercial buildings, including offices, hospitals, educational institutions, retail stores, and malls, utilize mosaic tiles. The space for such commercial activities is often rented, which leaves out the scope for permanent modification to the building by the tenants.
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The non-residential segment was valued at USD 11,896.79 million in 2017 and continued to grow until 2021. The demand for mosaic tiles is high in developing countries such as India, mainly for the interiors of commercial buildings. Therefore, the growth of the commercial building construction sector will drive the growth of the global market during the forecast period. For instance, the rapid growth of the service sectors in India, including information technology (IT) and telecommunication, as well as the outsourcing of services to the country by multinational businesses, is boosting the demand for office spaces in the country's metropolitan cities. This has made India a top destination for commercial real estate investments. A sizable proportion of these investments is in commercial constructions, including office and retail spaces, and in the hospitality sector. This is expected to support the growth of the market during the forecast period.
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APAC is estimated to contribute 37% to 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.
APAC held the largest share of the global market in 2020. This is due to an increase in construction activities across the region. The construction industry in APAC is expected to grow at a considerable rate during the forecast period. India and China are the major revenue contributors to the construction market in the region. The construction market in India is estimated to become the third-largest market globally by 2030. Similarly, the Government of China is also planning to invest more than USD 1 trillion in urban infrastructure projects by 2030. Furthermore, the rising income levels of the middle-class population and rapid urbanization have increased the demand for residential and non-residential buildings in these countries. This is expected to drive the growth of the regional market during the forecast period, as mosaic tiles are the most popular tiles used currently in countries such as India and China.
In 2020, the outbreak of COVID-19 affected the growth of several end-user industries in the region, including the construction industry, which in turn, decreased the demand for mosaic tiles. However, in 2021, the initiation of large-scale vaccination drives?lifted the lockdown and travel restrictions, which led to the resumption of supply chain activities and the market rebounded. Moreover, the governments of various countries in APAC made appropriate efforts to improve 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 fuel the growth of the regional market during the forecast period.
The report forecasts market growth by revenue at global, regional & country levels and analyzes the latest trends and growth opportunities from 2017 to 2027.
Mosaic Tile Market Scope |
|
Report Coverage |
Details |
Page number |
160 |
Base year |
2022 |
Historic period |
2017-2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 6.05% |
Market growth 2023-2027 |
USD 8,137.66 million |
Market structure |
Fragmented |
YoY growth 2022-2023(%) |
5.4 |
Regional analysis |
APAC, North America, Europe, South America, and Middle East and Africa |
Performing market contribution |
APAC at 37% |
Key countries |
US, China, India, Germany, and UK |
Competitive landscape |
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks |
Key companies profiled |
ABK Group Industrie Ceramiche Spa, Casalgrande Padana Spa, Ceramiche Atlas Concorde Spa, CERAMICHE CAESAR Spa, Cooperativa Ceramica dImola SC, FLORIM S.P.A. SB, GranitiFiandre Spa, Grupo Lamosa SAB de CV, Guangdong Jiamei Ceramics Co. Ltd., Hangzhou Nobel Ceramics Co. Ltd., INDUSTRIE CERAMICHE PIEMME Spa, Interceramic Inc., Kajaria Ceramics Ltd., Mohawk Industries Inc., Pamesa Ceramica Compactto SLU, Panariagroup Industrie Ceramiche S.p.A., PBG S.A., RAK Ceramics PJSC, SCG Ceramics Public Co. Ltd., and Victoria Plc |
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 you are looking for, you can reach out to our analysts and get customized segments. |
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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 Type
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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