India Ceramic Tile Market

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India Ceramic Tile Market


India Ceramic Tile Market was valued US$ 5.58 Bn in 2019 and is projected to reach US$ 11.23 Bn by 2027 at a CAGR of 9.14 %.

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India has one of the fastest growing ceramic tiles markets in the world. Government on housing and sanitation, implementation of proposed goods and service tax, favorable demographic profile and increasing urbanization drives the India ceramic tile market. Increasing disposable income of nuclear families and untapped rural market, along with increase in personal disposable income, rising household disposable income and lower dependency ratio, the demand for additional housing units is expected to further propel market. Volatility in fuel prices and high transportation cost and Influx of regional players coupled with cheap imports from China are major constrain to market.

The report study has analyzed revenue impact of covid-19 pandemic on the sales revenue of market leaders, market followers and disrupters in the report and same is reflected in our analysis.

Floor tile segment dominated with about half of the share. Wall tile, floor tile, vitrified and porcelain tile segments accounted for 40%, 48% and 12%. The booming demand for floor tiles prompted the entry of new players in the India ceramic tiles market. This can be attributed to its significance in various infrastructures such as residential, hospitals, educational, transport, commercial, institutional etc.

Increased financial Institution support, Industrial and infrastructure development, growing IT, ITeS and associated industry in the urban cities drives the commercial segment market. Construction of multi-storeyed shopping malls across all major cities, estimated at approximately 25 Mn sq ft of organised retail space lead to boom of commercial segment in ceramic tiles industry in forecast period.
While growing disposable income, government initiative towards “Home for all” drives the residential segment market residential segment experiences growth at faster pace. Residential segment will grow at higher rate as housing finance industry booming at 44% in India. New residential segment will grow at a significant rate.

The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated market data and projections with a suitable set of assumptions and methodology. The report also helps in understanding India ceramic tile market dynamics, structure by identifying and analyzing the market segments and project. Further, report also focuses on competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence. The report also provides PEST analysis, PORTER’s analysis, SWOT analysis to address questions of shareholders to prioritizing the efforts and investment in near future to emerging segment in India ceramic tile market.
Scope of the India Ceramic Tiles Market: Inquire before buying

India Ceramic Tiles Market by Product:

• Wall Tile
• Floor Tile
• Vitrified Tile
• Porcelain Tile
India Ceramic Tiles Market, by Application:

• Residential Replacement
• New Residential
• Commercial
Key Player analyzed in the India Ceramic Tile Market :

• Prism Cement
• Kajaria Ceramics
• Somany Ceramics
• Nitco Tiles
• Asian Granito
• RAK Ceramic
• Orient Bell Ceramic
• Varmora
• Sampolo
• Sun Heart
• Murudeshwar Ceramic
• Marbomax
• Decolight
• Bell Granito

For More Information Visit @: https://www.maximizemarketresearch.com/market-report/india-ceramic-tile-market/24767/

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