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Ceramic Tiles Market Outlook 2024: Exclusive Report By The Business Research Company
Ceramic Tiles Market
The Business Research Company offers in-depth market insights through Ceramic Tiles Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The ceramic tiles market size has grown strongly in recent years. It will grow from $114.84 billion in 2023 to $125.1 billion in 2024 at a compound annual growth rate (CAGR) of 8.9%. The growth in the historic period can be attributed to growing demand from the construction industry, increased urbanization, rise in industrialization, rise in demand from the residential sector, consumer preference for low-maintenance surfaces.
The ceramic tiles market size is expected to see strong growth in the next few years. It will grow to $174.44 billion in 2028 at a compound annual growth rate (CAGR) of 8.7%. The growth in the forecast period can be attributed to sustainability and eco-friendly practices, rise of smart homes, e-commerce expansion, growing demand from the hospitality sector, rising demand from the transportation sector. Major trends in the forecast period include growing popularity of digital printing technology, wood-look ceramic tiles, large-format tiles, digitalization in customer experience, geometric and patterned tiles.
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Market Segmentation:
The ceramic tiles market covered in this report is segmented -
1) By Type: Glazed Tiles, Unglazed Tiles
2) By Construction Type: New Construction, Renovation and Replacement
3) By Formulation: Dry Pressed, Extruded, Casting
4) By Application: Floor Tiles, Wall Tiles, Other Applications
5) By End User: Residential, Non-Residential
Major Driver - Residential Remodelling Surge Drives Expansion In The Ceramic Tiles Market
The increase in spending on home remodelling is expected to propel the growth of the ceramic tiles market over the coming years. Home remodelling refers to the changes made in designs and renovating the house. Home remodelling increases the demand for ceramic tiles as these are used for renovating and building house requirements mainly for bathrooms and kitchens. For instance, according to the residential remodelling index (RRI) report, in the first quarter of 2021, the spending on residential remodelling increased by 10.8% on a year-over-year (YOY) basis. Therefore, increasing home remodelling drives the growth of ceramic tiles market.
Competitive Landscape:
Major companies operating in the ceramic tiles market report are Ceramiche Atlas Concorde S. P. A, Cersanit SA, Florim Ceramiche S. P. A, Grupo Lamosa SAB de CV, GranitiFiandre S. p. A., Grupo Fragnani Ltd., Hindustan Tiles Limited, Mohawk Industries Inc., Pamesa Ceramica Sl, Portobello Ceramics SA, Ras Al Khaimah Ceramics PSC, Kajaria Ceramics Limited, Saudi Ceramic Company, PORCELANOSA Grupo A. I. E, Crossville Inc., LIXIL Group Corporation, Madeira Corporate Services S. A., Akdo Intertrade Inc., Alfagres Ceramic SA, American Marazzi Tile Inc., American Olean Company, Ames Bros. Distributors Ltd., Anatolia Capital Corp., ANN SACKS Tile & Stone Inc., Arizona Tile LLC, Atlas Concorde Corporate Company, BlackForest Solutions GmbH, Boardroom Ltd., Boston Scientific Corporation, Castelbianco Srl, Carenza SA, Cerdomus Srl, Clayhaus Ceramics LLC
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Top Trend - Rise Of Advanced Digital Printing And Artistic Innovations In The Market
The implementation of advanced digital printing is a key trend gaining popularity in the ceramic tile market. Digital printing enables manufacturers to offer a wide variety of designs of ceramic tiles to their customers to make their experience unique and modernized. For instance, Confindustria Ceramica, an Italy-based ceramic tile provider, uses digital printing as a key technology in the production of Italian ceramic tiles. With the help of digital printing and advancements in technology, artists are now able to create art on tiles as well as develop various textures and visuals on ceramic tiles. The evolution of digital printing technology is helping manufacturers create unique patterns and designs on individual tiles. The colors used in digital printing are also very realistic, leading to increased demand. For instance, in April 2021, NG KütahyaSeramik Group, a Turkey-based leading ceramic tile provider, strengthened its partnership with System Ceramics by ordering seven new digital printing systems, namely 'Creadigit', for both its existing and new facilities. The partnership focuses on technological innovation for NG KütahyaSeramik Group to offer unique solutions with high added value.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Ceramic Tiles Market Characteristics
3. Ceramic Tiles Market Trends And Strategies
4. Ceramic Tiles Market - Macro Economic Scenario
5. Ceramic Tiles Market Size And Growth
…..
27. Ceramic Tiles Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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The Business Research Company (www.thebusinessresearchcompany.com) is a market intelligence firm that pioneers in company, market, and consumer research. Located globally, TBRC's consultants specialize in various industries including manufacturing, healthcare, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries.
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