India Ceramic Tiles Market - Industry Trends and Forecast to 2028
MarkNtel Advisors, a prominent market research firm, has recently published a report titledIndia Ceramic Tiles Market: Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2023-2028. This study offers an in-depth examination of the industry, encompassing India Ceramic Tiles market share, size, trends, and growth predictions. Additionally, the report features an analysis of competitors and regions while spotlighting the most recent developments in the market.
India Ceramic Tiles Reports Highlights
What is the size of the India Ceramic Tiles Market?
The India Ceramic Tiles Market is projected to grow at a CAGR of around 8.2% during the forecast period, i.e., 2023-28. The market is driven by concrete government policies and frameworks that have led to the growth of the real estate sector in the historical period. Such expansion has called for more adoption of ceramic tiles in recent years, making India one of the fastest-growing ceramic tile marketplaces worldwide. Besides, a swift upsurge in projects demanding immediate renovation and remodeling is likely to boost the sales of ceramic tiles in the coming years. The government schemes, such as Mission Smart Cities and Pradhan Mantri Awas Yojana, among others, are expected to bolster the real estate market growth and, in turn, facilitate the commercial adoption of such tiles across the country.
What do the growth prospects and trends look like in the India Ceramic Tiles Industry?
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.
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What Components are encompassed within India Ceramic Tiles Market segmentation?
The report has divided the market into the following segments:
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 End Users
-Homes
-Commercial Establishments
-Others
By Distribution Channel
-Direct Sales
-Authorized Channel Partners
-Others
By Region
-East
-West
-North
-South.
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Who are the Primary Companies or Entities active in the Industry?
The report covers the major market players including:
-Asian Granito
-Cera Sanitary Ware
-Ceramic
-Euro Ceramics
-Kajaria
-Murudeshwar Ceramics Ltd
-NITCO Ltd
-Orient Bell Ltd
-Somany.
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Our specialization in niche industries emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing forecasting, trend analysis, among others, for 15 diverse industrial verticals.
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