Ceramic Tiles Market: Summary
The Global Ceramic Tiles Market is estimated to reach USD 118.8 Billion by 2024 at a CAGR of 6.8 %.
Ceramic tiles are manufactured typically from white or red clay and are a very popular choice for countertops, floors, and walls across the construction industry. According to the Institution of Civil Engineers (ICE), the global construction industry is expected to reach USD 8 trillion by 2030 which is driven by the construction in countries like U.S., India, and China. The growing construction industry where ceramic tiles find application for flooring and wall decoration is expected to boost the ceramic tiles market, during forecast period. Additionally, urbanization, industrialization and increased disposable income in developing countries are some of the other factors expected to propel the growth of the market. According to the National Association of Home builders, the remodeling index in 2018 was 57. However, the ability to completely transform the space has increased the use of ceramic tiles in renovation activities.
Market Drivers:
Ongoing construction industries coupled with construction spending is expected to drive the growth of ceramic tiles market across the globe. According to the United States Census Bureau, the construction spending in the month of September, 2019 was USD 1,301.8 billion. This is attributed to the increase in disposable income and the increasing trend towards renovation activities which is catered by broad ranging patterns, sizes, and textures of products. This factor is expected to propel the ceramic tiles market in the near future.
Around half of the world’s population resides in urban cities and this is expected to increase over the forecasted period. According to World Data, in Nov 2019 more than 4 billion people lived in urban areas globally. This is attributed to some of the factors such as job promises, prosperity, and similar other factors. Growing urbanization has boosted the demand for construction of commercial and residential buildings owing to which the ceramic tiles market is expected to grow during the forecasted period
Market Restraints:
Ceramics tiles find applications in floorings and walls during the construction of buildings. Ceramic tiles are durable but are not renewable and a large amount of energy is required for extraction, installation, and transport. Additionally, the manufacturing of ceramic tiles may contain some emission of Volatile Organic Compounds (VOC) which is likely to affect the environment and human health. However, green building materials offer a lower carbon footprint, which reduces the impact of global warming. However, growing awareness about green building materials may hinder the growth of the ceramic tiles market.
The report on the Ceramic Tiles Market covers a deep dive analysis of historic, recent and current market trends. Furthermore, market share/ranking analysis of key players, market dynamics, competition landscape, country wise analysis for each region covered and the entire supply chain dynamics are covered through the below segmentation.
Report Features |
Specifics |
---|---|
Historical/Estimated/Forecasted Market Size Years |
2017-2024 |
Base Year for Market Calculation |
2018 |
Forecasted Period |
2019-2024 (2019 estimated year, forecasted up to 2024) |
Measured Units |
Value (USD Million), Volume (Units) |
Segments Included |
Product Type, Application, Construction Type End User and Region |
Regional Coverage |
Asia-Pacific, North America, Europe, Middle East & Africa, and South America |
For the scope of report, In-depth segmentation is offered by Forencis Research
Ceramic Tiles Market, by Product Type
Ceramic Tiles Market, by Application
Ceramic Tiles Market, by Construction Type
Ceramic Tiles Market, by End User
Ceramic Tiles Market, by Region
1 INTRODUCTION
1.1 Research Objectives
1.2 Market Definition
1.3 Research Scope
1.4 Regional Coverage
1.5 Research Timeline
1.6 Assumptions
1.7 Limitations
2 RESEARCH DESIGN & SCOPE
2.1 Introduction
2.2 Primary Research
2.2.1 Key Industry Expert Insight
2.3 Secondary Research
2.3.1 Vital Data from Secondary Sources
2.4 Market Size Estimation
2.5 Data Validation & Triangulation
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Introduction
4.2 Drivers
4.2.1. Increased in Construction Spending
4.2.2. Increasing Urbanization
4.2.3. Rising Awareness of Safety of Workers
4.3 Restraints
4.3.1. Rising Awareness of Green Building Materials Market
4.3.2. Volatile Raw Material Price
4.4 Opportunities
4.4.1. Growth of Organized Retail Sector
4.4.2. Rising Demand from emerging economies
4.5 Challenges
4.5.1 Rise in Cost of production
5 INDUSTRY TRENDS – PORTERS FIVE FORCES ANALYSIS
5.1 Introduction
5.1.1. Power of Buyers
5.1.2. Power of Suppliers
5.1.3. Intensity of Competition
5.1.4. Challenges of Substitutes
5.1.5. Challenges of New Entrants
5.2 Macro-Economic Indicators
6 CERAMIC TILES MARKET BY PRODUCT TYPE, Market Size in USD Million & Units (2017—2024)
6.1 Introduction
6.2 Glazed
6.3 Porcelain
6.4 Others
7 CERAMIC TILES MARKET BY APPLICATION, Market Size in USD Million & Units (2017—2024)
7.1 Introduction
7.2 Floor
7.3 Wall
7.4 Others
8 CERAMIC TILES MARKET BY CONSTRUCTION TYPE, Market Size in USD Million & Units (2017—2024)
8.1 Introduction
8.2 New Construction
8.3 Renovation
9 CERAMIC TILES MARKET BY END USER, Market Size in USD Million & Units (2017—2024)
9.1 Introduction
9.2 Commercial
9.3 Residential
10 CERAMIC TILES MARKET BY REGION, Market Size in USD Million & Units (2017—2024)
10.1 North America
8.1.1. US
8.1.2. Canada
8.1.3. Mexico
10.2 Europe
8.2.1. Germany
8.2.2. France
8.2.3. Italy
8.2.4. UK
8.2.5. Russia
8.2.6. Spain
8.2.7. The Netherlands
8.2.8. Rest of Europe
10.3 Asia-Pacific
8.3.1. China
8.3.2. Japan
8.3.3. India
8.3.4. South Korea
8.3.5. Taiwan
8.3.6. Rest of Asia-Pacific
10.4 Middle East & Africa
8.4.1. Saudi Arabia
8.4.2. UAE
8.4.3. Rest of Middle East
10.5 South America
8.5.1. Brazil
8.5.2. Argentina
8.5.3. Rest of South America
11 COMPETITIVE LANDSCAPE
11.1 Introduction
11.2 Market Ranking/Share Analysis of Key Companies
11.3 Company Benchmarking
12 COMPANY PROFILES
12.1 Mohawk Industries, Inc.
12.1.1 Company Overview
12.1.2 Financial Overview
12.1.3 Products/Solutions/Services Offered
12.1.4 Key Developments
12.1.5 SWOT Analysis
12.2 SCG
12.3 Lamosa
12.4 Pamesa
12.5 Kajaria
12.6 Portobello
12.7 Concorde Group
12.8 China Ceramic Co. Ltd
12.9 British Ceramic Tiles
12.10 Other Key Companies
13 APPENDIX
13.1 Key Industry Expert Insights
13.2 Primary Discussion Guide
13.3 Customization Options
Note1: Tentative table of contents, may get updated during the course of research.
Note2: Company financial information is subject to availability in public domain