Market Overview:
MarkNtel Advisors has released a new report that highlights the strong growth trajectory of the India Ceramic Tiles Market, The India Ceramic Tiles Market is projected to grow at a CAGR of around 8.2% during the forecast period, i.e., 2023-28. Various factors are attributed to the growth of the market like growth in automobile production, growing focus on lightweight & sustainable materials, rising demand for luxury & customized interiors, increasing focus on safety standards, and the adoption of Advanced Driver Assistance Systems (ADAS). The report provides valuable insights into the drivers, trends, and challenges shaping the future of the India Ceramic Tiles Market. It offers an in-depth look at the key players, geographical performance, and the segments leading the charge in market share.
Industry Outlook & Forecasts:
- Forecast Period: 2023-2028
- CAGR (2023-2028): 8.2%
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India Ceramic Tiles Market Segmentation Breakdown:
The India Ceramic Tiles Market explores the industry by emphasizing the growth parameters and categorizes including geographical segmentation, to offer a comprehensive understanding of the market dynamic. The further bifurcations are as follows:
By Type
- Conventional Ceramic Tiles
- Polished Vitrified Tiles
- Glazed Vitrified Tiles
By Application
- Floor Tires
- Wall Tiles
- Others
By Demand Application
- Fresh Sales
- Replacements
By End Users
- Homes
- Commercial Establishments
- Others
Here, the Homes segment acquired the leading position in the historical period. It predominantly attributes to advances in tile printing technologies like 3D printing, and digital printing, among others.
By Distribution Channel
- Direct Sales
- Authorized Channel Partners
- Others
Geographical Growth Insights:
By Region
- East
- West
- North
- South
MarkNtel Advisors Highlights Key Market Drivers for India Ceramic Tiles Market:
Rapid Urbanization of Indian States in recent years
As per the think tank of India, Niti Ayog, the number of inhabitants in Indian cities is estimated to have increased almost fourfold between 1970 and 2018, from 109 million to 460 million. Already the second-largest urban community in the world, India is expected to add another 416 million people to its cities by 2050 and have an urban share of the population of 50 percent. The expanding number of inhabitants due to migration has posed the inevitable need to expand cities, which in turn has led to the rapid urbanization of India in the past few years. The government is actively participating in this expansion and leaving no stone unturned to ensure improved road networks, urban transport, water supply housing, power-related infrastructures, smart cities, and other forms of urban management. These advancements automatically impact the residential and commercial construction markets in the country, which, in turn, positively influences the Indian ceramic tiles market in the coming years.
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A Comprehensive Analysis of Leading Companies in India Ceramic Tiles Market
- Asian Granito
- Cera Sanitary Ware
- Ceramic
- Euro Ceramics
- Kajaria
- Murudeshwar Ceramics Ltd
- NITCO Ltd
- Orient Bell Ltd
- Somany
India Ceramic Tiles Market Recent Developments
- July 2022: With its latest collection of an exquisite and elegant range of premium tiles, large slabs, sanitaryware, faucets, and bath ware products, Asian Granito India Limited (AGL), one of the largest Luxury Surfaces and Bathware Solutions brands in India, organized ‘AGL Master Stroke 2022’. The brand further unveiled Fresco, an elegant range of mosaic and subway tiles.
- January 2022: Kajaria is looking forward to expanding its capacity at three sites in Gujarat, and Andhra Pradesh to add 12.4 million Square meters’ total capacity at Rs.250 crores. The target is to finish all three expansion projects by April 2022.
India Ceramic Tiles Market Possible Restraint:
Stringent Environmental Laws Pose a Challenge
The prominent factor impeding the market growth is rising concerns regarding the environmental impact caused by the production of ceramic tiles. Polluting elements, including smoke and unburnt particles from fuels, aerosol particles, suspended dust particles, and glaze spray particles, are released during the manufacturing of tiles. Therefore, the industry requires regulations on raw materials utilization, post-industrial recycling, and the use of anti-polluting manufacturing equipment, emphasizing the development of sustainable technologies. These aspects are likely to inflate the production cost of these tiles, thereby hindering market growth in the coming years.
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