Ceramic Tiles have emerged as a driving force in the growth of India Tile Market.

The Indian Tile Market encompasses a wide range of services, including wall tile, floor tile, and tiles for non-conventional areas. However, the outbreak of COVID-19 had been a negative step for the industry but the increasing renovations, and construction projects uplifted the India tile industry during the second half of the year with this the market registered a single-digit CAGR growth during the period of 2015-2020, in terms of revenues. 

With the push of various factors, tile has recently become one of the most popular walls and flooring coverings on the market, and tile has become one of the most important materials utilized in the construction business. Morbi is the largest tile manufacturing hub in India. It is a district located in the Morbi Tiles zone of Gujarat's Saurashtra region. In the Morbi tiles industry, there are currently more than 800 tile factories, and this number is growing. Usually, 20 new factories in the area start up each year. In the Gujarati city of Morbi, which serves as the industry's hub, about 80% of ceramic produced in India is made. Morbi exports ceramics annually for close to INR 12,000 crore. Morbi has the second-largest tile manufacturing cluster in the world, behind Foshan in China. There, more than 800 machines produce a range of tiles, from the most straightforward ceramic floor and wall tiles to the most complex PVT/GVT tiles.

Ceramic Tiles are Shining in the Indian Market: The segment expanded between 2015 to 2020 and now becoming an essential component of new buildings and home remodeling. India is one of the fastest-expanding ceramic tile markets in the world. Ceramic tiles are anticipated to be in great demand in India's increasing domestic market because of the anti-slip and scratch resistance that the product offers. Because they are recognized for requiring little maintenance and being long-lasting, ceramic tiles are highly favored and in demand.

Hospitality & Retail to Uplift Tiles Demand: Sector Furthermore, the hospitality and retail sectors across India are growing at a rapid pace and even in the foreseeable future it is expected to outperform, giving the tiles industry a significant boost. Both industries had significant setbacks as a result of the pandemic, but they now appear to be rebounding as things return to normal. Due to the high rate of foreign visitors and business delegates arriving as the globe returns to normal, the hotel industry in India is predicted to grow quickly. 

With the increasing urbanization and consumer spending, people have started to migrate to bigger cities with this infrastructure, and demand is increasing particularly in the western and northern regions of the nation. The growing population and increasing demand for renovation residential as well as commercial consumers nowadays started preferring tiles over paints because they have a long life span of more than 8-10 years and are cost-friendly as compared to paints.

Potential of Indian Tiles Industry: The Tile industry in India is expected to drive India’s top-ranking tile businesses across the world. Getting acquainted with the rising number of buildings and renovations in the nation and the ability to handle it more efficiently can benefit many companies, but small businesses, in particular, must concentrate on these potential cost savings because they could mean the difference between success and failure given their limited resources and narrower profit margins.

Makreo Research has published a study titled, “India Tiles Market Revenue and Future Outlook to 2027 - Market by application (Floor Tile, Wall Tile, and Others), by Structure (Organized and Unorganized), by End User, by Product type”; the study helps to understand the industry demand and supply and also assess the future performance. There are several macroeconomic and microeconomic factors associated with the tile market in India that have direct or indirect correlations thus it's equally important to study the factors in detail. A report is a perfect blend of qualitative and quantitative information. We have assessed the industry performance using both top-down and bottom-up approaches to reach a consensus and to provide the most accurate assessment. The study of the future of tile is a crucial aspect of the report that involves a detailed assessment of past trends, upcoming projects, and expected growth outlook for the construction industry among many others.

To know more about the publication, click here India Tiles Market Revenue and Future Outlook to 2027

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