About Tiles-
A tile is a flat piece of material that used to cover a roof, floor or wall. Tiles are manufactured furnishing materials commonly used to cover internal walls, ceilings, and floors. They can be simple and functional or decorative and elaborate (such as mosaic). Tiles can be manufactured from a wide range of substances, hard material and soft material. Tiles are used as an interior furnishing for rooms where a certain amount of water may be present, such as bathrooms, kitchens, laundry rooms, where they protect surfaces from moisture damage. Tiles can also be used to improve the acoustics of a room by adding to its sound-absorbing properties and they are often specified in the design of theatres, recording studios.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 7.25% |
Tiles is a fragmented market due to the presence of several players. The players are focusing on strategic activities like partnerships, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge. Analyst at AMA Research estimates that United States Manufacturers will contribute the maximum growth to Global Tiles- market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Mohawk Industries Inc. (United States), Grupo Lamsoa (Mexico), RAK Ceramics (United Arab Emirates), SCG Ceramics (Thailand), Kajaria Ceramics (India), Asian Granito India Ltd. (India), Crossville Inc. (United States), Simpolo (India), Daltile (United States), Nitco Ltd. (India), Arizona Tile (United States) and Orient Bell (India) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are Somany Ceramics (India), Bedrosians (United States) and Others.
Segmentation Overview
AMA Research has segmented the market of Global Tiles- market by Type (Ceramic Tiles, Porcelain Tiles, Vitrified Tiles, Onyx Tiles, Vinyl Tiles, Stone Composite Polymer Tiles, Mosaic Tiles, Terrazzo Tiles, Carpet Tiles, Glass Tiles, Marble Tiles, Granite Tiles, Wood Tiles and Others), Application (Residential, Commercial and Industrial) and Region.
On the basis of geography, the market of 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). If we see Market by Material, the sub-segment i.e. Limestone will boost the Tiles- market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Expansion in urbanization & industrialization in developing countries., Rising demand for digitally printed ceramic tiles., Increasing demand in germ resistant tiles. and Growing demand for eco-friendly tiles.
Market Growth Drivers:
Rising consumer preference for aesthetic., Durability and easy maintenance. and Increase in new construction and renovation activities.
Challenges:
Extremely competitive market.
Restraints:
Fluctuating raw material prices, especially clay and minerals used in ceramic tile production.
Opportunities:
Increasing demand from emerging economics.
Market Leaders and their expansionary development strategies
In July 2022, Kajaria Ceramics Limited acquired 51% equity shares of south Asian Ceramic Tiles Private Limited, at a consideration up to RS 28.50 Crore accordingly, south Asian subsidiary of the company, on completion of the above acquisition by the company. The objective of newly acquisition foothold in South India thereby enlarging the tiles markets to make more dealers and even to cater small size dealers, by decreasing the transit time and by increasing the re-ordering rotation by the dealers of the Company.
In July 2023, Somany Ceramics launched new range of luxury tiles. Titled “Embrace the Extraordinary” Igniting a new era of luxury in tiles, this new range sets a new standard of opulence and sophistication in ceramic tiles.
Key Target Audience
Tiles Manufacturer, Tiles Distributors, Investor, Research and Development, Government Regulatory and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.