ESOMAR-licensed company Future Market Insights (FMI) analyzes the worldwide ceramic tiles market in its current observe. As according to the report, the marketplace will maintain exhibiting wholesome growth, expanding at a 7.20% CAGR, reaching US$ 84.Eight Bn in 2021.
Income outlook for ceramic tiles marketplace will remain nice with counties which includes China, India, Italy, and the U.S. Rising as key exporters and producers. Despite regulations imposed amid COVID-19 outbreak, the marketplace persisted showcasing a consistent growth trajectory.
The evaluation has envisioned sales to upward thrust at 2.50% year on year price in 2021. Spurred with the aid of growing increase opportunities, standard sales extent is anticipated to attain 32,870 Sq. Mtr. By using 2030.
As according to the look at, the demand for ceramic tiles is continuously growing due to rapid urbanization across growing international locations and growing call for for aesthetically pleasing and sustainable tiles for home décor.
Moreover, demand for visual attraction in ceramic tiles is using product improvements such as the development of herbal and timber end designs with stain resistance and brought durability. Those traits are expected to contribute in the direction of basic enlargement of the marketplace.
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Rising residential replacement projects in international locations which include the U.S., the UK, Italy, and Germany are fueling demand for ceramic tiles as they guide inexperienced building tasks and provide long-term sturdiness at low costs.
In growing international locations which includes China, India, Japan, and Brazil, increase may be attributed to increasing investments in infrastructure, migration of humans from rural areas to cities, and government-subsidized tendencies in healthcare, training, and industrial facilities.
“Rapid expansion of infrastructure, coupled with growing demand for ceramic tiles because of their style, sustainability, and durability will continue driving sales in the upcoming years,” says the FMI analyst.
Key Takeaways from Ceramic Tiles Market Survey
- By product type, sales of floor tiles will gain momentum throughout the assessment period.
- Residential replacement segment will remain dominant in terms of application, owing to increasing projects across various countries.
- The U.S. is anticipated to witness healthy growth, expanding at a 6.50% CAGR between 2021-2031.
- Italy will lead the market in Europe, owing to high export volume, exhibiting market expansion at 5.70% CAGR.
- South Korea and Japan will account for 13% of the total market share.
Competitive Landscape
RAK Ceramics, Crossville, Inc., Atlas Concorde, Saloni Ceramica, Porcelanosa Grupo, Gruppo Ceramiche Ricchetti, Florida Tile, Mohawk Industries, Kajaria Ceramics, and China Ceramics Co., Ltd. are among top manufacturers of ceramic tiles in the market, accounting for 7-9% of market share in 2021.
Key strategies leveraged by leading players include product innovations, sustainable manufacturing practices, collaborations, and acquisitions to add artistic value to ceramic tiles designs and expansions of production facilities for increased production. For instance:
- In 2019, RAK Ceramics introduced Serpeggiante range of vitrified tiles straight from Italy, a stylish and excellent stone for countertops, walls, and floors that were used in sculptures and architecture in ancient Italy.
- In January 2021, Mohawk Tiles announced its operation expansion in Carroll County, Virginia, adding 19,000 square feet to its facility in order to fulfill the increasing demand for ceramic tiles.
Key Segments Covered
Ceramic Tiles Market – Product Segment Analysis
- Floor Tiles
- Wall Tiles
- Other Tiles
Ceramic Tiles Market – Application Analysis
- Residential Replacement
- Commercial
- New Residential
- Others (facades, countertops etc.)
Table of Content
1. Executive Summary
1.1. Global Market Outlook
1.2. Demand Side Trends
1.3. Supply Side Trends
1.4. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Key Market Trends
3.1. Key Trends Impacting the Market
3.2. Product Innovation / Development Trends
4. Key Success Factors
4.1. Product Adoption / Usage Analysis
4.2. Product USPs / Features
4.3. Strategic Promotional Strategies
5. Global Ceramic Tiles Demand Analysis 2016 – 2020 and Forecast, 2021 – 2031
continued…!
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About FMI
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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