Ceramic Tiles Market Scope
Ceramic Tiles is one of the most prominent tile which is used for construction and building activities. Ceramic Tiles market is expected to mark significant growth over forecasted period owing to increasing consumers spending on building interior and exterior floors, swimming pools and others. There has been significant rise in number of people used ceramics tiles with figure stood up to 12.5% in United States alone in 2018, the future for ceramic tiles looks promising. This result in rising ceramic tile manufacturing platforms, increasing demand of labor and material and escalating need of tiles in the construction of industrial concrete structures such as food processing factories and warehouse may trigger demand and help in industry expansion.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
High Growth Market | Asia Pacific |
Largest Market | North America |
Unit | Value (USD Million) |
Key Companies Profiled | Mohawk Industries (United States), Siam Cement (Thailand), Grupo Lamosa (Mexico), Kajaria Ceramics (India), China Ceramics (China), Florida Tile (United States), Porcelanosa Group (Spain) and Crossville Inc. (United States) |
CAGR | 6.8% |
Research Analyst at AMA estimates that United States Manufacturers will contribute to the maximum growth of Global Ceramic Tiles market throughout the predicted period.
Mohawk Industries (United States), Siam Cement (Thailand), Grupo Lamosa (Mexico), Kajaria Ceramics (India), China Ceramics (China), Florida Tile (United States), Porcelanosa Group (Spain) and Crossville Inc. (United States) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research are Gruppo Ceramiche Ricchetti (Italy), Saloni Ceramica (United States), Veisa Ceramics (China) and Ras Al Khaimah Ceramics (United Arab Emirates).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Ceramic Tiles market by Type , by Application (Wall, Floor and Others) and Region with country level break-up.
On the basis of geography, the market of Ceramic Tiles has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2022. Europe on the other hand stood as second largest market due to the presence of key companies into the region and high technological advancement.
Market Leaders and their expansionary development strategies
In August 2018, Victoria PLC acquired Spain based Victoria PLC with a deal of 56.5 million euros. This acquisition is beneficial in business expansion in the tile sector with organic growth strategy.
In March 2019, RAK Ceramics launched a series of new products which is beneficial in providing products related to wall-mounted/wall-hung sanitary ware, elegant freestanding bathtubs and washbasins. It also offers customized solutions, featuring countertop, drop-in and under counter washbasins.
Influencing Trend:
Value Oriented Consumers and Substitutes Available For Ceramic Tiles
Market Growth Drivers:
Increase Number of Population and Urbanization Boost the Ceramics Tiles Market. and Rapid Demand of Industrialization Fuelled Up the Market.
Challenges:
Limitation on the Government Regulations are Anticipated to Challenge the Market.
Restraints:
High Maintenance Cost Associated Ceramics Tiles market. and Fluctuation of Raw Materials is Anticipated to Challenge the Market.
Opportunities:
Proliferation of Renovation and Remodeling Activities Leads to Grow the Ceramic Tiles Market. and Upsurge Demand of Construction Industry Expected to Boost the Market.
Key Target Audience
Ceramics Tiles Manufacturers, Ceramics Tiles Traders, End-Use Market Participants of Different Segments of Ceramics Tiles, Government and Research Organizations, R&D Institutions and Others