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, which is expected to grow at a CAGR of more than 9% between 2016 and 2020. The increasing construction activity across the globe is a major factor that propels growth in this market. APAC is the largest revenue contributing region in the global ceramic tiles market, thanks to large-scale spending by the government and private sector companies in the construction industry.
The new market research report from Technavio provides a breakdown and analysis of the ceramic tiles segments by technology.
“The demand for ceramic tiles is expected to increase in hospitals, laboratories, and residential buildings as they are inexpensive and highly durable. Additionally, the advent of stain and germ resistant titles is expected to incite market growth as they are more healthy and affordable when compared to regular paints,” says Soumya Mutsuddi, Lead Analyst, Heavy Industry, Technavio Research
Technavio’s market research analyst estimates the floor tiles segment to be the largest market segment during the forecast period. 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 major players in the global ceramic tiles market include Grespania, Iris Ceramica, Johnson Tiles, Koninklijke Mosa, Kajaria Tile, Nitco, and RAK Ceramics. This 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.
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