India Ceramic Tile Market segmented by Product (Wall Tile, Floor Tile, Vitrified Tile and Porcelain Tile), Application (Residential Replacement, New Residential and Commercial) is projected to reach US$ 11.23 by 2027 at a CAGR of 9.14 %.
Government on housing and sanitation, implementation of proposed goods and service tax, favorable demographic profile and increasing urbanization drives the India ceramic tile market. Indian government has launched various schemes such as MSE- CDP (Micro & Small Enterprises – Cluster Development Programme) and IIUS (Industrial Infrastructure Upgradation Scheme) for cluster development, CLCSS (Credit Linked Capital Subsidy Scheme) and NMCP (National Manufacturing Competitiveness Programme) for technology up gradation while MDA (Marketing Development Assistance) and MAI (Market Access Initiatives) for promoting exports of SSI clusters. 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.
Floor tile segment dominated with about half of the share.
Floor segment accounted for 48 % in overall India ceramic tile market. The booming demand for floor tiles prompted the entry of other players. This can be attributed to its significance in various infrastructures such as residential, hospitals, educational, transport, commercial, institutional etc.
Residential segment to grow at high CAGR in India ceramic tile market.
While growing disposable income, government initiative towards “Home for all” drives the residential segment market. The housing sector is set to grow at a CAGR of 50% in the forecast with Ministry of Urban development estimating India’s housing requirement at more than 40 Mn houses.
This report includes a study of marketing and development strategies, along with the portfolios of leading companies. It includes the profiles of leading manufacturers such as Prism Cement, Kajaria Ceramics, Somany Ceramics, Nitco Tiles, Asian Granito, RAK Ceramic, Orient Bell Ceramic, Varmora, Sampolo, Sun Heart, Murudeshwar Ceramic, Marbomax, Decolight and Bell Granito.
Maximize market research, a global market research firm with a dedicated team of specialists and data has carried out extensive research about the India ceramic tile market. The report encompasses the market by different segments and region, providing an in-depth analysis of the overall industry ecosystem, useful for making the in strategic decision by the key stakeholders in the industry. Importantly, the report delivers forecasts and share of the market, further giving an insight into the market dynamics, and future opportunities that might exist in the India ceramic tile market. The driving forces, as well as considerable restraints, have been explained in depth. In addition to this, competitive landscape describing about the strategic growth of the competitors have been taken into consideration for enhancing the market of our clients and at the same time explain India ceramic tile market positioning of competitors.
Browse the market data Tables and Figures spread through a comprehensive research report and in-depth TOC on “India Ceramic Tile Market”.
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