Malaysia Tiles Market is Expected to reach USD 5.7 billion by 2021: Ken Research

Malaysia Tiles Market By Type of Tile (Floor Tile, Wall Tile and Roof Tile), By Material/Process (Porcelain, Ceramic and Others), By Market Organization (Organized and Unorganized), By Regional Sales (Southern and Central Region, Western Region, Eastern Region and Northern Region), By Residential and Commercial Sales, By Exports and Domestic Sales and By Application (Bathroom Tiles, Facade Tiles, Home tiles, Office tiles, Tiles used in shopping malls/Retail outlets, Tiles used at airports and stations and Tiles used in hospitals)

o The rising number of households is expected to increase demand for the tiles in Malaysia making a positive impact on the market in the country.
o Malaysia Tiles market has shown an impressive growth rate in 2016 owing to growth of tourism in the country and the trend is expected to follow.
o The corporate inclination towards carpet tiles in Malaysia is expected to affect the tiles market in a positive manner.

The expanding residential sector in the country has triggered the demand for tiles in Malaysia in past few years. The residential units inclined from 2011 to 2016 owing to population growth and urbanization over the years. The rise in demand from residential sector has led to manufacturing of various kinds of tiles according to their requirements. In Budget 2017, the Government reaffirmed its focus on initiatives including PR1MA, People's Housing Programme and People's Friendly Homes. This is expected to affect the tile market in Malaysia in a positive manner as there will be demand for both new and replacement tiles by the sector in the country.

The inflow of foreigners in the country has increased owing to job opportunities, tourist attractions, education institution, patients visiting hospitals and other reasons. The increase in tourism has led to construction, development and renovation of the spaces such as hotels, hospitals, markets and others. This has further led to rise in the demand of tiles for floor and wall application in case of new and replacement tiles.

The tile industry has been following new technologies and has been launching new variants in the country. Serving a typical set of benefits, carpet tiles are coming forth as a modern category in tiling industry favored heavily by the corporate sector of Malaysia. This category of flooring tile, backed by designer recommendations, mitigates installation clutch, flexibility to the user in terms of knack to mutate (designs and colors), functionality and designer friendly replacement countenance. With emerging commercial startups this soft flooring industry will continue to face rapid expansion with emerging institutional sector. Similar trends are expected to be adapted by residential sector stimulating the trend further. With the rise in commercial establishment especially springing startup offices, a sustained shift is witnessed from ceramic and porcelain to carpet tiles.

Ken Research in its latest study, Malaysia Tiles Market by Type (Floor Tile, Wall Tile and roof Tile), by Material/Process (Porcelain, Ceramic and Others) - Outlook to 2021 suggests that Guocera, MML, Niro Ceramic Group), White Horse, Kim Hin Industry Berhad, YI-LAI Berhad, Johan holdings and Seacera Group Berhad will remain the major tile manufacturers in this space.

Malaysia Tiles Market is projected to register a positive CAGR during the period 2016-2021. Rising export sales to other countries, consumer preference from ceramic to porcelain and rising popularity of modern houses is expected to drive the Malaysia Tiles Market in the future.

The report provides information on market size of the Malaysia Tiles Market, market segmentation on the basis of type of tile, material, market organization, regional sales, residential and commercial sales, by exports and domestic sales and by application.

For more information on the research report, refer to below link:
https://www.kenresearch.com/manufacturing-and-construction/construction-materials/malaysia-tiles-market/142606-97.html

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