London, 25 June 2015: Technavio, the independent tech-focused global research firm, has published a report on the Ceramic Tiles Market in India 2015-2019, which is estimated to grow at a CAGR of 12.2% during 2014-2019.
Increase in new residential construction activities in tier-2 and tier-3 cities is leading the demand for ceramic tiles in India. Consumption of ceramic tiles in metro cities will be determined by the demand in reconstruction projects and new constructions in the commercial real estate market. Moreover, the government’s Swachh Bharat Abhiyan, where one of the initiatives is to build public toilets in the country, is attracting investments from corporates, giving positive impact on the ceramic tiles market in the country.
“Manufacturers in the ceramic tiles market are incorporating advanced technologies such as 3D printing, anti-microbial glaze, nanotechnology, and water jet technology in production,” says Faisal Ghaus, Vice President of Technavio.
“Digital printing technology, for instance, not only helps in enhancing the colors of tiles but also reproduces impressions of marble, granite, and wood on the tiles.”
Key Market Drivers
- Government Initiatives
- High Consumer Demand
- Revival of Commercial Real Estate Market
Key Market Trends
- Focus on Exports
- Emergence of Alternative Sales Channels
- Use of Advanced Technologies in Manufacturing
- Increase in Demand for Large Customized Tiles
Key Market Vendors
- H&R Johnson
- Kajaria Tiles
- Nitco Tiles
To define the market circumstances in the next 3-4 years, Technavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
