Press release
Ceramic and Porcelain Tiles Market Expected To Reach US$2.7 bn by 2024
Morocco Ceramic and Porcelain Tiles, Bathroom Materials, and Furniture and Accessories Market: Trends and Opportunities
Construction is one of the important industries in Morocco. Rise in the number of households and growth in tourism have propelled the need for new construction projects for residential and commercial purposes. Cities such as Tangier, Agadir, Casablanca, and Marrakech are forerunners in upcoming construction projects in Morocco. Flooring materials typically used in Morocco are locally manufactured, low-quality ceramic tiles and cement tiles. However, the trend is likely to change in the next few years, due to shift in consumer preference toward aesthetic, full-body and glazed porcelain tiles. Glazed porcelain tiles are ideal for living rooms and kitchens primarily due to their elegant look and longevity. However, in terms of volume, ceramic materials presently dominate the bathroom materials industry for both new construction and renovation segments, followed by natural stone and porcelain. Increasing inclination toward modular furniture in commercial construction is expected to be one of the major shifts in the construction industry in Morocco during the forecast period.
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Morocco Ceramic and Porcelain Tiles, Bathroom Materials, and Furniture and Accessories Market: Scope and Segmentation
This report analyzes and forecasts the ceramic & porcelain tiles, and bathroom materials, furniture & accessories market in Morocco. The market has been forecast on the basis of revenue (US$ Mn) from 2016 to 2024, considering 2015 as the base year. The study includes drivers and restraints for the market in Morocco. It also covers impact of these drivers and restraints on demand for ceramic & porcelain tiles, and bathroom materials, furniture & accessories during the forecast period. The report also highlights opportunities in the ceramic & porcelain tiles, and bathroom materials, furniture & accessories market in Morocco.
The report includes detailed value chain analysis, which provides a comprehensive view of the market in Morocco. Porter’s Five Forces Model for the ceramic & porcelain tiles, and bathroom materials, furniture & accessories market has also been included to help understand the competitive landscape in the market. The study encompasses market attractiveness analysis, wherein end-users have been benchmarked based on their market size, growth rate, and general attractiveness.
The study provides a decisive view of the market in Morocco by segmenting it into products such as ceramic and porcelain tiles, and bathroom materials, furniture and accessories. These segments have been analyzed based on present and future trends. City-level segmentation includes current and forecast demand for ceramic and porcelain tiles, bathroom materials, and furniture and accessories in Casablanca, Rabat, Fez, Marrakech, Agadir, Tangier, and Rest of Morocco.
The report provides the actual revenue for the ceramic & porcelain tiles, and bathroom materials, furniture & accessories market for 2015 and the estimated revenue for 2016 with forecast for the next eight years. Market revenue is in US$ Mn for the ceramic & porcelain tiles market and in US$ Thousand for the bathroom materials, furniture & accessories market.
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Morocco Ceramic and Porcelain Tiles, Bathroom Materials, and Furniture and Accessories Market: Research Methodology
In order to compile the research report, in-depth interviews and discussions with a number of key industry participants and opinion leaders have been conducted. Primary research represented a bulk of research efforts, supplemented by extensive secondary research. Key players’ product literature, annual reports, press releases, and relevant documents have been reviewed for competitive analysis and market understanding. Secondary research includes a search of recent trade, technical writing, Internet sources, and statistical data from government websites, trade associations, and agencies. This has proved to be a reliable, effective, and successful approach for obtaining precise market data, capturing industry participants’ insights, and recognizing business opportunities.
Secondary research sources that are typically referred to include, but are not limited to company websites, annual reports, financial reports, broker reports, investor presentations, SEC filings, internal and external proprietary databases, relevant patent and regulatory databases such as ICIS, Hoover’s, oneSOURCE, Factiva, and Bloomberg; national government documents, statistical databases, trade journals, market reports, news articles, press releases, and webcasts specific to companies operating in the market.
We conduct primary interviews on an ongoing basis with industry participants and commentators to validate data and analysis. These help validate and strengthen secondary research findings. These also help develop the analysis team’s expertise and market understanding.
Morocco Ceramic and Porcelain Tiles, Bathroom Materials, and Furniture and Accessories Market: Competitive Landscape
The report comprises profiles of major companies operating in the Morocco ceramic & porcelain tiles, and bathroom materials, furniture & accessories market. Key players in the market include Roca Sanitario, S.A., Jaquar, CERA Sanitaryware Limited, Kohler Co., Grohe AG, HSIL Hindware, Hansgrohe Group, Kajaria Ceramics Limited, Duravit, S.B.S. Porcher, Supercerame, Porcelanosa, Marazzi, NG Kütahya Seramik, Jacob Delafon, Creavit, and RAK Ceramics. Key market players have been profiled in terms of attributes such as company overview, financial overview, business strategies, and recent developments.
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The Morocco ceramic & porcelain tiles, and bathroom materials, furniture & accessories market has been segmented as follows:
Ceramic & Porcelain Tiles Market: Product Analysis
Glazed Porcelain
Full-body Porcelain
Ceramic Floor Tiles
Ceramic Wall Tiles
Thin Tiles
Bathroom Materials Market: Product Analysis
Floor
Ceramic
Porcelain
Natural Stone
Others
Wall
Ceramic
Porcelain
Natural Stone
Glass
Aluminum
Paint
Wallpaper
Others
Bathroom Furniture & Accessories Market: Product Analysis
Furniture
Modular Furniture
Fitted Furniture
Baths & Sanitary ware
Faucets
Bathroom Accessories
Mirrors
Toilet Roll Holders
Robe Hooks
Towel Rods & Rings
Wall Trays
Soap Dishes
Others
Morocco Market: City Analysis
Casablanca
Rabat
Fez
Marrakech
Agadir
Tangier
Rest of Morocco
Table Of Contents
1 Preface
1.1 Report Scope and Market Segmentation
1.2 Research Highlights
2 Assumptions and Research Methodology
2.1 Assumptions and Acronyms Used
3 Executive Summary
3.1 Morocco Ceramic & Porcelain Tiles Market
3.2 Morocco Bathroom Materials Market
3.3 Morocco Bathroom Furniture & Accessories Market
4 Market Overview
4.1 Product Overview
4.2 Market Indicators
4.3 Drivers
4.3.1 Growth in tourism is likely to fuel the usage of ceramic & porcelain tiles, bathroom materials, and bathroom furniture & accessories in hotels and motels
4.3.2 Rise in new construction projects along with renovation of old constructions is expected to boost the market
4.3.3 Changing consumer preference for imported products over traditional construction materials
4.4 Restraints
4.4.1 Availability of wide range of substitutes
4.4.2 Strong construction growth is limited to few key cities
4.5 Opportunity Analysis
4.6 Porter’s Analysis
4.6.1 Bargaining Power of Suppliers
4.6.2 Bargaining Power of Buyers
4.6.3 Threat of Substitutes
4.6.4 Threat of New Entrants
4.6.5 Degree of Competition
4.7 Value Chain Analysis
4.8 Channel Analysis
4.9 Trade Agreements and Barriers with Turkey
4.10 Product Standards & Inspection Requirements
4.11 Morocco Ceramic & Porcelain Tiles Market: Demand-supply Scenario
4.12 Customer Survey – Brand Awareness
4.13 Product & Price Level Comparison (Ceramic & Porcelain Tiles)
4.14 Morocco Ceramic & Porcelain Tiles Market: Morocco Import Scenario
4.15 Tax Structure
4.16 Freight Rate & Transit Time from Key Countries - Casablanca Port
4.17 Freight Rate & Transit Time from Key Countries - Tangier Port
4.18 Key Decision Makers
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