India Ceramic Tiles Market Poised for Robust Growth, forecasted to Expand at 8.2% CAGR from 2023-28
MarkNtel Advisors has released its latest report highlighting strong growth in The India Ceramic Tiles Market is projected to grow at a CAGR of around 8.2% during the forecast period, i.e., 2023-28.
Report Coverage
This report offers a comprehensive analysis of the India Ceramic Tiles Market, providing valuable insights across historical trends, current dynamics, and future forecasts.
- Base Year: 2022
- Forecast Years: 2023-28
- Historical Years: 2018-21
India Ceramic Tiles Market Overview
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.
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India Ceramic Tiles Market Segmentation Outlook
The India Ceramic Tiles is categorized into notable segments, which help in understanding the structure, dynamics, and opportunities within the market. These segments are typically based on:
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
India Ceramic Tiles Market Driver
Rapid Urbanization of Indian States in recent years- 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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Top India Ceramic Tiles Market Brands & Their Strategic Market Positioning
MarkNtel Advisors Research identifies Asian Granito, Cera Sanitary Ware, Ceramic, Euro Ceramics, Kajaria, Murudeshwar Ceramics Ltd, NITCO Ltd, Orient Bell Ltd, Somany, Others as key players shaping the market landscape.
India Ceramic Tiles Market News
- July 2022: With its latest collection of an exquisite and elegant range of premium tiles, large slabs, sanitaryware, faucets, and bath ware products, Asian Granito India Limited (AGL), one of the largest Luxury Surfaces and Bathware Solutions brands in India, organized ‘AGL Master Stroke 2022’. The brand further unveiled Fresco, an elegant range of mosaic and subway tiles.
- January 2022: Kajaria is looking forward to expanding its capacity at three sites in Gujarat, and Andhra Pradesh to add 12.4 million Square meters’ total capacity at Rs.250 crores. The target is to finish all three expansion projects by April 2022.
Key Questions Answered in the Report
- What is the market size (value & volume) along with the current & future trends, growth factors & challenges, etc.?
- How the industry has been evolving, and which segments would dominate the market during the forecast period?
- What are the key opportunity areas that companies foresee in the coming years 2028?
- Who are the key players in the market, and what are their competitive strengths?
- What are the key growth drivers & challenges associated with the market, and how would they impact the market through the forecast period?
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