According to the recent study the ceramic tile market is projected to reach an estimated $276 billion by 2030 at a CAGR of 7% from 2023 to 2030. Growth in this market is primarily driven by the growth in new construction and renovation activities. Growing demand of easy to maintain, better aesthetic, durable, and moisture, fire, and scratch resistant tiles are also other growth drivers of ceramic tile market.
A more than 150 page
report to understand trends, opportunities and forecast in ceramic tile market
by application (residential, commercial), product type (floor tiles, wall
tiles, and other tiles), and region (North America, Europe, Asia Pacific, and
the Rest of the World).
Lucintel predicts that
the demand for floor tiles is likely to experience the highest growth during
the forecast period, supported by their better aesthetic feature, durability,
minimal maintenance requirements, and availability in a variety of colors and
designs. On the basis of comprehensive research, Lucintel forecasts that the
residential segment is expected to show above average growth during the
forecast period.
Within the ceramic tile
market, residential is expected to remain the largest application segment.
People opt for ceramic tiles because it fulfills all desired requirements,
requires low maintenance, and provides an aesthetic appeal to buildings.
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ceramic tile market
APAC is expected to remain the largest as well as the highest growing region during the forecast period due to a larger construction industry in this region with changing lifestyle and growing end use industries, especially in China and India. Also, it is witnessing increasing urbanization, which is another contributing factor to the growth of this region.
Mohawk Industries, Inc.,
Atlas Concorde, Ras Al Khaimah Ceramics PSC, Grupo Lamosa, Interceramic are the
major suppliers in the ceramic tile market.
This unique research
report will enable you to make confident business decisions in this globally
competitive marketplace. For a detailed table of contents, contact Lucintel at
+1-972-636-5056 or write us at helpdesk@lucintel.com. To get access of more than 1000 reports at fraction of cost
visit Lucintel's Analytics
Dashboard.
About Lucintel
At Lucintel, we offer solutions for
you growth through game changer ideas and robust market &
unmet needs analysis. We are based in
Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20
years. We are quoted in several publications like the Wall Street Journal,
ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. +1-972-636-5056
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