Ceramic and Porcelain Tiles Market Morocco Industry Analysis,Trends, and Forecast 2016 - 2024

Market Research Reports Search Engine (MRRSE) has announced the addition of a new market intelligence report to its repository. The publication is titled, “Ceramic and Porcelain Tiles Market - Morocco Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016-2024.”

The report is an investigation in the growth of the global ceramic and porcelain tiles market over the last couple of years and in the coming years. The market research publication further reasons out the causes of the changes in the market across the globe. It does this so by presenting an evaluation of the dynamics and the trends prevalent from the last few years and the ones that are likely to retain an impact during the forecast period. The study further delves into the working of the various leading companies along with the information on the products, strategies, and shares of the companies in question.

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According to the report published by Transparency Market Research (TMR), the Morocco ceramic and porcelain Market is expected to grow at a CAGR of 6.4% between 2016 and 2024. The market is expected to be worth US$2.7 bn by the end of 2024 from a valuation of US$1.5 bn in 2015. The construction industry of Morocco is one of the primary contributors to the GDP of the nation and is basically concentrated in Marrakech, Rabat, Agadir, Fez, Tangier, and Casablanca. This industry is expected to witness significant growth over the coming years owing to favorable policies implemented by the government and a rise in tourism in the country. Tiles comprise an integral part of commercial and residential flooring. Generally, ceramic tiles are of low quality and cement tiles are manufactured in Morocco locally. Other types of high worth porcelain tiles are imported from other neighboring countries.

Market for Porcelain Tiles and Accessories to be Positively Influenced by Improving Aesthetic Sense of Consumers

Based on revenue, the full-body porcelain tiles segment was dominant in 2015 with a leading share of 30% in the same year. This segment is expected to retain a leading position over the coming years owing to heightened demand from the construction industry. Ceramic floor tiles are also anticipated to witness significant demand owing to their economical nature and inherent characteristics. People in Morocco are also preferring fancy bath sanitary ware and are thus shifting their focus towards exclusive brands with enhanced aesthetic appeal.

Casablanca to Emerge as Leading Revenue Generator

In terms of consumption of accessories, furniture, bathroom materials, and porcelain and ceramic tiles, Casablanca dominated the market in Morocco with the leading share of 30% in 2015. Being the financial hub and economic capital of Morocco, there is a huge demand for high-end and affordable structures for accommodating the growing population. Thus, the construction industry is at pace in Casablanca, giving rise to a high demand for porcelain and ceramic tiles.

Some of the key companies in the Morocco ceramic and porcelain tiles market are RAK Ceramics, Creavit, Jacob Delafon, NG Kütahya Seramik, Marazzi, HSIL Hindware, S.A., Jaquar, Grohe AG, Kohler Co., and Roca Sanitario.

Browse Full Report with TOC:http://www.mrrse.com/morocco-ceramic-porcelain-tiles-market

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This release was published on openPR.