India Tiles Market Revenue is expected to grow at a single-digit CAGR in the next five years. India's tile market industry is known for its leading position in both worldwide imports of tiles and exports of tiles therefore it is a significant factor in the country’s economy. The tile industry is directly correlated with the construction sector and the construction industry in India is expected to benefit from an increase in foreign direct investment, especially from government-sponsored infrastructure projects, which will increase demand for tiles, especially those that are long-lasting and scratch-resistant.
Programs like Make in India, Sanitation Schemes, and Housing for All are already having a favorable influence on the business due to a large increase in demand. Major tile brands like Kajaria, Somany, AGL, and Rak Ceramics, among others, are benefiting from increased sales as a result of the government's measures to promote made-in-India products and enhance the housing and sanitary infrastructure.
The hospitality and retail sectors in India's Tiles Market are expected to grow faster in the foreseeable future, 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.
COVID-19 Impact: COVID-19 had caused a substantial slowdown in construction operations in India, which has had a significant influence on the market. The Indian government put a halt on all construction activities and announced a strict lockdown across the country in April 2020. Furthermore, because of the inverse impact of the COVID-19 epidemic on the building and infrastructure industries, demand declined in the first quarter of FY2021, but it began to rise by the second half of the year 2021.
Morbi Production Hub: The government-imposed lockdown during the virus outbreak had a huge negative impact on Morbi tile players, especially small players. Trade and the sector slowly recovered as limitations were gradually eased, but soon the market slowed down due to the invasion of Russia and Ukraine, which is having a detrimental effect on the market. As a result, the Morbi tile market is becoming more competitive.
Scope of the Study
The following synopsis is based on the report titled “India Tile Market Performance and Future Outlook to 2027" published by Makreo Research and Consulting. The report is a perfect blend of qualitative and quantitative analysis followed by a top-down approach and finally verified using a bottom-up approach. Our research methodology helps to assess the market performance and with the help of correlation and regression analysis using our proprietary tool we have forecasted the market performance in coming years.
The report delves deeply into various parameters such as Market size, segmentation value chain analysis, and industry cause and effect analysis. The study includes market dynamics that provide an understanding of industry opportunities, driving forces, major challenges impeding growth, and an analysis of future opportunities that may help market players capitalise on untapped business potential in the specific geography.
By Tile Type: Ceramic Tiles holds major market share followed by Soluble Salt Tile, Vitrified Tile, Double Charge Tile, GVT, PVT, Cool Tiles. India is one of the world's fastest-growing ceramic tile marketplaces. The report discusses ceramic tile market performance in India and its demand outlook.
By Application: In India Tiles market by application the market is majorly divided into Floor tile, wall tile and others. Floor tiles accounts for major market share. Due to their ease of installation and replacement, floor tiles are rapidly replacing other flooring materials including marble, granite, and untreated wood in the Indian flooring market. The report helps to assess and understand the present state of India tiles market in terms demand for wall tiles and floor tiles.
By End Use: Residential sector accounts for the major share followed by the commercial sector. With the increasing disposable income and urbanization, remodeling activities are increasing. Whereas, commercial segments market share is expected to increase in coming years due to the increasing number of commercial places such as hospitals, institutions, and corporate offices.
Future Growth: The India Tiles market is expected to reach USD XX Million by 2027 registering a CAGR Of XX% from 2022-27. This section details expected performance of India tiles market in terms of revenue. Future forecast has been carried out with the help of our analytical tool and step by step research methodology. It is imperative to understand the factors associated with the Indian tile industry to conclude future growth prospects hence in this section we have first assessed the factors highly corelated with the Indian tile industry and narrowed down to impact of these factors on the future performance of the industry.
India Tile Market Segmentation
India Tile Market
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Table of Content
Country Overview: EPTD Analysis (Economic, Political, Technological and Demographic Overview)
India Tiles Market Past and Present Market Analysis
India Tile Market Segmentation
India Tile Market Future Outlook
India Tiles Industry - Market Dynamics
India Tile Market - Macro Economic Factors
India Tile Market – Competitive landscape
India Tile Market - Company Profile
Limitations of the Study
List of Figures and Tables