PUBLISHER: The Business Research Company | PRODUCT CODE: 1392537
PUBLISHER: The Business Research Company | PRODUCT CODE: 1392537
“Ceramic Tiles Global Market Report 2024 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on ceramic tiles market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for ceramic tiles? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The ceramic tiles market global report ” from The Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
Ceramic tiles refer to tiles that are made up of a mixture of sand, water, and clay. Ceramic tiles are generally used in the flooring of bathrooms, kitchens, and outdoor residential areas. Ceramic tiles are available in a variety of sizes, designs, and colors.
The main types of ceramic tiles are glazed tiles and unglazed tiles. Glazed tiles are referred to tiles that are coated with liquid glass or enamel. Glazed tiles are more prone to scratches and are less dense/thick as compared to unglazed tiles. The various construction types in which ceramic tiles are used are new construction, and renovation and replacement. The various formulations of ceramic tiles are dry pressed and extruded. These tiles are applied as floor tiles, wall tiles, and others. The end users of ceramic tiles are residential and non-residential areas.
The ceramic tiles market research report is one of a series of new reports from The Business Research Company that provides ceramic tiles market statistics, including ceramic tiles industry global market size, regional shares, competitors with a ceramic tiles market share, detailed ceramic tiles market segments, market trends and opportunities, and any further data you may need to thrive in the ceramic tiles industry. This ceramic tiles market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
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.
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.
The growing e-commerce industry is expected to boost the growth of the ceramic tiles market going forward. E-commerce refers to the buying and selling of goods and services over the Internet or other electronic networks. The growing popularity of e-commerce provides an effective platform for ceramic tile manufacturers and retailers to expand their market reach, offer a diverse product range, enhance customer convenience, and make ceramic tiles more accessible to a broader customer base. For instance, in October 2021, according to a report published by the International Trade Administration, a US-based agency, it is expected that e-commerce for consumer goods would account for about 22% of all retail sales worldwide, growing at an average rate of over 1% by 2024. Retail e-commerce sales also point to a consistent, long-term increase of 8% in all global retail e-commerce sales through 2024. Therefore, the growing e-commerce industry is driving the growth of the ceramic tiles 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 KutahyaSeramik 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 KutahyaSeramik Group to offer unique solutions with high added value.
Major companies operating in the ceramic tile market are adopting a strategic partnership approach to provide ceramic tiles and related products to individuals, businesses, and governments. Strategic partnerships refer to a process in which companies leverage each other's strengths and resources to achieve mutual benefits and success. For instance, in April 2022, SCG Ceramics Public Company Limited, a Thailand-based ceramic tile manufacturing company, partnered with LHCG Construction Store Co. Ltd., a Cambodia-based provider of construction materials. The establishment of this new partnership is aimed at running retail and wholesale operations for ceramic tiles and related products. It will focus its efforts in the regions of Banteay Meanchey and Siem Reap, Cambodia, where there is significant potential and a growing demand for ceramic tiles in the market.
In July 2021, Grupo Halcon, a Spain-based leading ceramic tile manufacturer, acquired the assets of Cicogres S. A for an undisclosed amount. The acquisition is comprised of five modern production lines with the large format capabilities of Cicogres. The acquisition will help Grupo increase its capacity, reinforcing its leadership in the ceramic tile market. Cicogres S. A is Spain-based ceramic tile producer.
Major companies operating in the 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
Asia-Pacific was the largest region in the ceramic tiles market in 2023 and is expected to be the fastest-growing region in the forecast period. The regions covered in the ceramic tiles market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The countries covered in the ceramic tiles market report are: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Canada, Spain.
The ceramic tile market consists of sales of porcelain, glass, marble, and granite. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified)).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.