This global market research segments the ceramic tiles market by product (floor tiles and wall tiles) and by geography (APAC, EMEA, and the Americas). Leading vendors analyzed in this market study are Grespania, Iris Ceramica, Johnson Tiles, Koninklijke Mosa, Kajaria Tile, Nitco, and RAK Ceramics.
Technavio’s market research analysts estimate the global ceramic tiles market to grow at a CAGR of around 10% between 2016 and 2020. The increasing construction activity across the globe is a major factor that propels growth in this market. APAC dominates the global market for ceramic tiles, accounting for around 56% of the total market share. Large-scale spending by the government and private sector companies in the construction industry is a critical factor that fosters market growth in this region during the forecast period.
The new market research report from Technavio provides a breakdown and analysis of the ceramic tiles segments by technology.
“Of late, the manufacturers are integrating advanced technologies such as 3D printing, anti-microbial glaze, nanotechnology, and water jet technology in ceramic tiles. The digital printing technology improves the colors of tiles, besides reproducing the impression of marble, granite, and wood. Moreover, the anti-microbial glaze is becoming very popular in residential, healthcare and hospitality sector. The anti-microbial technology is infused during the tile manufacturing and reduces bacterial growth from the surface of tiles,” says Navin Rajendra, Lead Analyst, Heavy Industry, Technavio Research.
Currently, the floor tiles segment holds the largest share in the market. The availability of ceramic floor tiles in different designs and colors is a significant factor that augments its adoption during the forecast period and results in its impressive market share of nearly 60% by 2020.
The leading vendors in the global ceramic tiles market include Grespania, Iris Ceramica, Johnson Tiles, Koninklijke Mosa, Kajaria Tile, Nitco, and RAK Ceramics. The market is highly fragmented due to the presence of well-established players like Grespania and Iris Ceramica. The development of tiles that can be customized according to design, color, texture, and size is expected to result in intense market competition during the forecast period. The vendors that have the ability to manufacture exclusive tiles based on the consumers’ taste and preferences are expected to gain a competitive edge over their rivals.
A more detailed analysis is available in the Technavio report, Global Ceramic Tiles Market 2016-2020.
We can customize reports by other regions and specific segments upon request.
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