India Ceramic Tiles Market Overview and Insights:
According to MarkNtel Advisors Report, India Ceramic Tiles Market projected to grow at a CAGR of around 8.2% during the forecast period, i.e., 2023-28.
India Ceramic Tiles Market research is an ongoing process. Consistent monitoring and evaluating of market dynamics to stay informed and adapt your strategies accordingly. As a market research and consulting firm, we offer market research reports that focus on major parameters including Target Market Identification, Customer Needs and Preferences, Thorough Competitor Analysis, Market Size & Market Analysis, and other major factors. At the end, we do provide meaningful insights and actionable recommendations that inform decision-making and strategy development.
Time Period Captured in the Report:
Historical Years: 2018-21
Base Years: 2022
Forecast Years: 2023-28
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Key Driver: Rapid Urbanization of Indian States in recent years
As per the think tank of India, Niti Ayog, the number of inhabitants in Indian cities is estimated to have increased almost fourfold between 1970 and 2018, from 109 million to 460 million. Already the second-largest urban community in the world, India is expected to add another 416 million people to its cities by 2050 and have an urban share of the population of 50 percent. The expanding number of inhabitants due to migration has posed the inevitable need to expand cities, which in turn has led to the rapid urbanization of India in the past few years. The government is actively participating in this expansion and leaving no stone unturned to ensure improved road networks, urban transport, water supply housing, power-related infrastructures, smart cities, and other forms of urban management. These advancements automatically impact the residential and commercial construction markets in the country, which, in turn, positively influences the Indian ceramic tiles market in the coming years.
Who are the Key Players Operating in the India Ceramic Tiles Industry?
The top companies of the India Ceramic Tiles market ruling the industry are:
- Asian Granito
- Cera Sanitary Ware
- Ceramic
- Euro Ceramics
- Kajaria
- Murudeshwar Ceramics Ltd
- NITCO Ltd
- Orient Bell Ltd
- Somany
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What is Included in India Ceramic Tiles Market Segmentation?
The report has segmented the market into the following categories:
-By End Users
- Homes
- Commercial Establishments
- Others
Here, the Homes segment acquired the leading position in the historical period. It predominantly attributes to advances in tile printing technologies like 3D printing, and digital printing, among others. In addition, the market players may expect to benefit from technological developments in tile production equipment. Furthermore, these technologies help businesses produce large-format slabs or mosaic designs in shapes ranging from rectangles to hexagons. Additionally, the advancement of ink-jet digital printing technology is opening up significant market expansion opportunities. For instance, Mumbai-based Monotech Systems Limited created Pixeljet in August 2019.
-By Type
- Conventional Ceramic Tiles
- Polished Vitrified Tiles
- Glazed Vitrified Tiles
-By Application
- Floor Tires
- Wall Tiles
- Others
-By Demand Application
- Fresh Sales
- Replacements
-By Distribution Channel
- Direct Sales
- Authorized Channel Partners
- Others
Geographical Analysis:
-By Region
- East
- West
- North
- South
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