Global Ceramic Tiles Market Research Report: By Product (Glazed Ceramic Tiles, Porcelain Tiles, Scratch Free Ceramic Tiles, and Others), By Application (Wall Tiles and Floor Tiles), By End-Use (Residential and Commercial), and Region (North America, Europe, Asia-Pacific, and Rest of the World) Global Industry Analysis, Size, Share, Growth, Trends, Regional Analysis, Competitor Analysis and Forecast 2023-2031.
The Global Ceramic Tiles Market was valued at USD 240.35 billion in 2022, and is predicted to reach approximately USD 430.85 billion by 2031, at a CAGR of 6.7% from 2023 to 2031. Ceramic tiles are widely chosen for both flooring and wall coverings because they possess durability, versatility, and an attractive appearance. These tiles are crafted from clay and other natural materials, then subjected to high-temperature kiln-firing, resulting in a strong and robust surface. They are available in a diverse array of colors, patterns, and textures, offering limitless design options. Ceramic tiles exhibit resistance to water, stains, and scratches, which makes them suitable for a variety of areas, including bathrooms, kitchens, and outdoor spaces. Furthermore, they are easy to clean and maintain. In addition to their practical benefits, ceramic tiles possess excellent thermal properties, effectively keeping spaces cool in hot climates. Due to their combination of functionality and visual allure, ceramic tiles remain a favored choice for both residential and commercial applications.
CERAMIC TILES MARKET: REPORT SCOPE & SEGMENTATION
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Report Attribute |
Details |
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Estimated Market Value (2022) |
240.35 Bn |
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Projected Market Value (2031) |
430.85 Bn |
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Base Year |
2022 |
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Forecast Years |
2023 - 2031 |
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Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- By Product, By Application, By End-Use, & Region |
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Segments Covered |
By Product, By Application, By End-Use, & Region |
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Forecast Units |
Value (USD Billion or Million), and Volume (Units) |
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Quantitative Units |
Revenue in USD million/billion and CAGR from 2023 to 2031 |
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Regions Covered |
North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World |
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Countries Covered |
U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others |
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Report Coverage |
Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis. |
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Delivery Format |
Delivered as an attached PDF and Excel through email, according to the purchase option. |
Global Ceramic Tiles Market Dynamics
The growth and demand in the ceramic tiles market are influenced by multiple factors. One of the key drivers is the surge in construction activities across residential, commercial, and industrial sectors. As ceramic tiles are extensively used for flooring and wall coverings, this has led to an increased demand for them. Additionally, the rise in disposable income among consumers, particularly in emerging economies, has resulted in higher investments in home improvement and renovation projects. Consequently, the demand for ceramic tiles has further increased. Furthermore, there is a growing emphasis on aesthetics and interior decoration, which has propelled the demand for visually appealing and innovative ceramic tile designs. The durability, ease of maintenance, and eco-friendly nature of ceramic tiles also contribute to their popularity among consumers.
Global Ceramic Tiles Market Drivers
There is a growing emphasis on aesthetics and interior decoration, both in residential and commercial spaces. Ceramic tiles offer a wide range of designs, patterns, and textures, enabling consumers to enhance the visual appeal of their spaces. This factor has propelled the demand for innovative and visually appealing ceramic tile designs.
Restraints:
The ceramic tiles market faces competition from alternative materials such as vinyl, laminate, and hardwood flooring. These materials offer different aesthetics, price points, and installation advantages, presenting options that may divert consumers' preferences away from ceramic tiles.
Opportunities:
The ongoing and planned infrastructure development projects worldwide present significant opportunities for the ceramic tiles market. Infrastructure projects, such as airports, hotels, and commercial complexes, require high-quality flooring and wall coverings, which can drive the demand for ceramic tiles.
Segment Overview
By Product Type
Based on the product type, the global ceramic tiles market is segmented into glazed ceramic tiles, porcelain tiles, scratch-free ceramic tiles, and others. The porcelain tiles segment is dominating the market with the largest revenue share of around 52.4% in 2022. Porcelain tiles are renowned for their remarkable strength, granting them exceptional resistance against scratches, stains, and moisture. This outstanding quality renders them perfect for areas with heavy foot traffic and outdoor usage. Furthermore, porcelain tiles present an extensive array of design possibilities, including the authentic replication of natural stone and wood textures. They are available in diverse sizes, shapes, and finishes, providing flexibility in design and installation. Moreover, the continuous advancements in manufacturing techniques have led to the creation of large-format porcelain tiles, meeting the increasing need for flawlessly smooth and visually captivating surfaces.
By Application
Based on the application, the global ceramic tiles market is segmented into wall tiles and floor tiles. The floor tiles segment is dominating the market with the largest revenue share of around 58.3% in 2022. Floor tiles are extensively utilized in both residential and commercial settings, resulting in a high demand for them. The robustness and sturdiness of ceramic floor tiles make them exceptionally suitable for areas with heavy foot traffic, guaranteeing long-lasting performance and resilience against everyday wear and tear. Moreover, floor tiles present a diverse selection of design choices, enabling customization and elevating the visual allure of the space. The availability of various sizes, shapes, colors, and patterns caters to a wide range of customer preferences. Furthermore, the convenience of maintenance and cleaning associated with floor tiles makes them a practical and efficient option for bustling environments.
By End-Use
Based on the end-use, the global ceramic tiles market is segmented into residential and commercial. The commercial segment is dominating the market with the largest revenue share of around 62.7% in 2022. Durable and aesthetically pleasing flooring and wall coverings are essential in commercial settings such as offices, retail stores, hotels, and restaurants. Ceramic tiles meet these requirements effectively through their durability, extensive design options, and ease of maintenance. Furthermore, the rising number of commercial construction projects, particularly in developing economies, has contributed to the increased demand for ceramic tiles. The commercial segment holds a significant market share due to the continuous growth of commercial construction and the preference for ceramic tiles as a versatile and enduring solution for various commercial spaces.
Global Ceramic Tiles Market Overview by Region
By Region, the global Ceramic Tiles Market has been divided into North America, Europe, Asia-Pacific, and the Rest of the World. Asia-Pacific dominated the market with the largest revenue share in 2022.
Asia-Pacific
Asia-Pacific held the largest share, of around 42.8%, of the global market in 2022. The region has experienced swift urbanization and industrialization, resulting in a surge of construction activities and infrastructure development. This has generated a robust demand for ceramic tiles across the residential, commercial, and industrial sectors. The increasing population and growing levels of disposable income in countries such as China and India have stimulated the demand for housing and renovation projects, consequently bolstering the ceramic tiles market. Additionally, the region is a significant production hub for ceramic tiles due to the substantial presence of manufacturers in countries like China, India, and Vietnam. These manufacturers cater to both domestic and international markets, solidifying the region's position as a key supplier of ceramic tiles.
Global Ceramic Tiles Market Competitive Landscape
In the global ceramic tiles market, a small number of prominent players hold significant market dominance and have established a strong regional presence. These key participants are committed to ongoing research and development initiatives. Additionally, they actively engage in strategic growth endeavors such as product development, product launches, joint ventures, and partnerships. By pursuing these strategies, these companies aim to strengthen their market position and expand their customer base to capture a substantial share of the market.
Some of the prominent players in the global ceramic tiles market include Atlas Concorde S.P.A., Mohawk Industries, Inc., Crossville Inc., RAK Ceramics, Ceramica Saloni, Florida Tile, Inc., Porcelanosa Group, Kajaria Ceramics Limited, Ricchetti Group, China Ceramics Co., Ltd., Guangdong Monalisa Industry Co., Ltd., Guangdong Newpearl Ceramics Group Co., Ltd., and various other key players.
Global Ceramic Tiles Market Recent Developments
In June 2022, Mohawk Industries has agreed to buy Grupo Industrial Saltillo's (GIS) ceramic tile division, known as Vitromex, for an estimated USD 293 million. Vitromex, which was formed in 1967, has four production plants in Mexico. By merging Vitromex's operations with Mohawk's current setup, Mohawk's footprint and client portfolio will be expanded, while production processes and logistical capabilities will be improved. The transaction is a strategic step towards enhancing Mohawk's market position and capitalising on synergies between the two companies.
Scope of the Global Ceramic Tiles Market Report
Ceramic Tiles Market Report Segmentation
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ATTRIBUTE |
DETAILS |
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By Product Type |
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By Application |
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By End-Use |
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By Geography |
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Customization Scope |
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Pricing |
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Objectives of the Study
The objectives of the study are summarized in 5 stages. They are as mentioned below:
To identify and estimate the market size for the global ceramic tiles market segmented by product, by application, by end-use, region and by value (in U.S. dollars). Also, to understand the consumption/ demand created by consumers of Ceramic Tiles between 2019 and 2031.
To identify and infer the drivers, restraints, opportunities, and challenges for the global ceramic tiles market
To find out the factors which are affecting the sales of ceramic tiles among consumers
To identify and understand the various factors involved in the global ceramic tiles market affected by the pandemic
To provide a detailed insight into the major companies operating in the market. The profiling will include the financial health of the company's past 2-3 years with segmental and regional revenue breakup, product offering, recent developments, SWOT analysis, and key strategies.
Intended Audience
Research Methodology
Our research methodology has always been the key differentiating reason which sets us apart in comparison from the competing organizations in the industry. Our organization believes in consistency along with quality and establishing a new level with every new report we generate; our methods are acclaimed and the data/information inside the report is coveted. Our research methodology involves a combination of primary and secondary research methods. Data procurement is one of the most extensive stages in our research process. Our organization helps in assisting the clients to find the opportunities by examining the market across the globe coupled with providing economic statistics for each and every region. The reports generated and published are based on primary & secondary research. In secondary research, we gather data for global Market through white papers, case studies, blogs, reference customers, news, articles, press releases, white papers, and research studies. We also have our paid data applications which includes hoovers, Bloomberg business week, Avention, and others.
Data Collection
Data collection is the process of gathering, measuring, and analyzing accurate and relevant data from a variety of sources to analyze market and forecast trends. Raw market data is obtained on a broad front. Data is continuously extracted and filtered to ensure only validated and authenticated sources are considered. Data is mined from a varied host of sources including secondary and primary sources.
Primary Research
After the secondary research process, we initiate the primary research phase in which we interact with companies operating within the market space. We interact with related industries to understand the factors that can drive or hamper a market. Exhaustive primary interviews are conducted. Various sources from both the supply and demand sides are interviewed to obtain qualitative and quantitative information for a report which includes suppliers, product providers, domain experts, CEOs, vice presidents, marketing & sales directors, Type & innovation directors, and related key executives from various key companies to ensure a holistic and unbiased picture of the market.
Secondary Research
A secondary research process is conducted to identify and collect information useful for the extensive, technical, market-oriented, and comprehensive study of the market. Secondary sources include published market studies, competitive information, white papers, analyst reports, government agencies, industry and trade associations, media sources, chambers of commerce, newsletters, trade publications, magazines, Bloomberg BusinessWeek, Factiva, D&B, annual reports, company house documents, investor presentations, articles, journals, blogs, and SEC filings of companies, newspapers, and so on. We have assigned weights to these parameters and quantified their market impacts using the weighted average analysis to derive the expected market growth rate.
Top-Down Approach & Bottom-Up Approach
In the top – down approach, the Global Batteries for Solar Energy Storage Market was further divided into various segments on the basis of the percentage share of each segment. This approach helped in arriving at the market size of each segment globally. The segments market size was further broken down in the regional market size of each segment and sub-segments. The sub-segments were further broken down to country level market. The market size arrived using this approach was then crosschecked with the market size arrived by using bottom-up approach.
In the bottom-up approach, we arrived at the country market size by identifying the revenues and market shares of the key market players. The country market sizes then were added up to arrive at regional market size of the decorated apparel, which eventually added up to arrive at global market size.
This is one of the most reliable methods as the information is directly obtained from the key players in the market and is based on the primary interviews from the key opinion leaders associated with the firms considered in the research. Furthermore, the data obtained from the company sources and the primary respondents was validated through secondary sources including government publications and Bloomberg.
Market Analysis & size Estimation
Post the data mining stage, we gather our findings and analyze them, filtering out relevant insights. These are evaluated across research teams and industry experts. All this data is collected and evaluated by our analysts. The key players in the industry or markets are identified through extensive primary and secondary research. All percentage share splits, and breakdowns have been determined using secondary sources and verified through primary sources. The market size, in terms of value and volume, is determined through primary and secondary research processes, and forecasting models including the time series model, econometric model, judgmental forecasting model, the Delphi method, among Flywheel Energy Storage. Gathered information for market analysis, competitive landscape, growth trends, product development, and pricing trends is fed into the model and analyzed simultaneously.
Quality Checking & Final Review
The analysis done by the research team is further reviewed to check for the accuracy of the data provided to ensure the clients’ requirements. This approach provides essential checks and balances which facilitate the production of quality data. This Type of revision was done in two phases for the authenticity of the data and negligible errors in the report. After quality checking, the report is reviewed to look after the presentation, Type and to recheck if all the requirements of the clients were addressed.
