As per the latest FMI report, the ceramic tiles market size is forecasted to reach USD 97.45 billion in 2023. By 2033 end, the market is expected to relish the revenue growth of USD 195.31 billion. Ideal attributes of ceramic tiles like sustainability, affordability, and durability are expected to attract end users.
Ceramic tiles demand uptick is on the card in response to the expansion in the residential, commercial, and construction sectors. As per Future Market Insights, Inc. analysis, the ceramic tiles industry is assessed to exhibit a 7.20% CAGR between 2023 and 2033.
| Attributes | Values |
|---|---|
| Ceramic Tiles Market Size (2023) | USD 97.45 billion |
| Ceramic Tiles Market Size (2033) | USD 195.31 billion |
| Ceramic Tiles Market CAGR (2023 to 2033) | 7.2% |
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Increasing per capita income across various countries has created room for development in home décor. The visual appeal presented by ceramic tiles, coupled with sustainability and durability, is attracting the attention of homeowners as well as interior designers.
The demand for aesthetically pleasing ceramic tiles has been witnessed in the construction of hotels, offices, universities, shopping centers, and restaurants across the globe apart from residential spaces.
The availability of a wide variety of ceramic tiles for home décor such as mosaic, porcelain, glazed, and terracotta tiles fulfills the purpose of aesthetics and provide a unique look and feel to flooring and walls. Owing to this trend, key producers in the market are launching various intricate and modern patterns in ceramic tiles designs to support the growing consumer demand.
The penetration of e-commerce and numerous articles published on home décor online are shaping consumers’ decisions, thus generating demand in the ceramic tiles market.
Residential replacement focuses on replacing tiles, paints, stone, granite, and glass used in residential construction projects for enhanced durability and to revamp the whole look of the space.
New construction project models such as apartment buildings and homes for nuclear families are driving expansion in residential replacement and renovation, thus augmenting sales of ceramic tiles.
Demand for remodeling homes, wherein homeowners are looking to revamp their existing decor with new and more sustainable materials is gradually on the rise. As ceramic tiles are cost-effective and promise durability, they are becoming a primary choice in remodeling projects.
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The presence of retail specialty stores is catalyzing sales in the market by increasing the availability of various types of ceramic tiles. A large number of retail stores including supermarkets, hypermarkets, and construction material stores are now offering varieties of ceramic tiles to choose from, along with instruction manuals for easy application.
Large organized retail stores are trying to compile a wide array of ceramic tiles under one roof for convenient selection and availability as consumers are adapting to hectic lifestyles and work schedules. This is spurring sales in the market.
For brand-conscious customers, interior décor retail stores, as well as supermarket chains such as Lowe's and Home Depot, have made it easy for customers to compare the prices, styles, and materials of the tiles. This trend is expected to have a positive impact on sales of ceramic tiles in the upcoming decade.
The penetration of eCommerce is also boosting sales of ceramic tiles across the globe. Moreover, leading players including RAK ceramics and Kajaria tiles are retailing ceramic tiles via online channels.
The incorporation of technology has also made it easy for consumers to select from a range of ceramic tiles for floor and wall fittings in the comfort of their homes. Technologies such as augmented reality (AR) have made it possible for retailers to make concrete buying decisions when it comes to such commodities. For instance,
RAK Ceramics offers online services like 'virtual showroom' and 'room visualizer' that allow users to upload pictures of their space and select wall and floor fittings accordingly, to get a visual representation of the room before purchasing the ceramic tiles.
In the wake of growing concerns over global warming, manufacturers are compelled to pay more attention to sustainable manufacturing processes to abide by stringent regulations on emissions imposed by governments across the world.
The ceramic tiles industry supports the idea of environmental conservation by offering sustainability and durability in the long run. Demand for ceramic tiles is largely being experienced in the residential replacement sector, as they can be used as substitutes for stones, glass, and paints.
Although ceramic tiles are eco-friendly, the process of manufacturing these tiles goes against the notion. Production of ceramic tiles requires high temperatures, ranging from 2,000 to 25,000 C, which uses large quantities of fuels, leading to significant CO2 emissions in the atmosphere. The regulations about controlling greenhouse gas emissions may slightly hamper the market growth.
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Ceramic tile market sales showcased a steady rise between 2018 and 2022. The market growth has been propelled by the increasing investments by governments to fuel construction activities.
The execution of advanced digital printing had a significant impact on the ceramic tiles industry. Manufacturers can develop sophisticated products to meet evolving customer expectations.
In the assessment period, key design innovations in the ceramic tiles industry are expected to influence forecast sales. Furthermore, the use of digital printing is elevating the aesthetic capabilities of tiles, while new shapes, sizes, thicknesses, and textures are assisting its applications in the home.
The tile is no longer restricted to baths and kitchens with these empowering technologies but has expanded its usage in new areas both inside and out.
Companies are able to create distinct designs, patterns, and vibrant colors on separate tiles, almost similar to natural materials. This innovation in tile is expected to drive application in areas like the commercial sector and high-budget construction projects for enhancing home décor.
In the ceramic tiles industry, along with the existing demand for stone and concrete looks and trendy wood, new hybrid designs are being ushered in via digital printing. Moreover, increasing demand for ‘fusions’ like intertwining two types of natural stone or merging a linen look with a concrete look is a key trend fueling the ceramic tiles market.
The expansion of applications in ceramic tiles is projected to offer a market opportunity to manufacturers. New features and attributes present in tile allow it to expand its application horizon. The creation of large-format, slim tiles, for instance, is also expected to enhance several ceramic tile applications in commercial and residential spaces.
North America Ceramic Tiles Market
Europe Ceramic Tiles Market
Asia Pacific dominated the market in 2022 and accounted for around 45.8% of total revenue. Superior product demand from the residential and nonresidential construction segments in Asia Pacific's emerging markets, including China and India, is predicted to propel market growth.
The Asia Pacific construction sector is anticipated to grow due to the rise in per capita income, rapid urbanization, and growing population. Also, the development of the residential, commercial, and industrial sectors as a result of the region's sustainable economic development is anticipated to boost infrastructure projects and cruising product demand throughout the forecast period.
China is one of the leading producers and consumers of ceramic tiles in the world, resulting in cutthroat competition among manufacturers and exports regarding product innovation and improvements in quality to support the growing demand for ceramic tiles.
Factors aiding the ceramic tiles market in China include low-production cost and high penetration of technology in the manufacturing process, which in turn is creating key opportunities for global and as well as regional players in the market. In China, ceramic tiles are mostly used in kitchens, living rooms, bathroom walls, and other spaces in a household, mostly for decoration purposes. Innovations in ceramic tiles are garnering revenue and enhancing sales.
The growing population and increasing consumer interest in home décor are shaping the demand outlook for ceramic tiles in India. Rising urbanizations, coupled with significant growth in per capita expenditure in housing-related activities are driving the expansion of the ceramic tiles market in the country. Moreover, India has been witnessing a significant expansion in towns and cities, which is also boosting migration across various states in the country.
Increasing investments in real estate by the population, as well as efforts to refurbish housing spaces and commercial buildings, are expected to continue generating demand in the ceramic tiles market during the assessment period. Also, home décor trends are witnessed in India, where customers are looking at stylish, durable, and aesthetically pleasing ceramic tiles for flooring and walls, which is acting as a prime factor fueling the market growth.
Based on product type, floor ceramic tiles will account for around half of all sales in the ceramic tiles market during the assessment period. The increasing dominance of floor tiles is attributable to multiple factors, including:
Future Market Insights, Inc projects the dominance of the residential segment during the forecast period, owing to factors including growing expansion of residential replacement projects and increasing per capital expenditure on home décor.
Advanced benefits offered by ceramic tiles such as sustainability and durability are making them fit for application in green building schemes. This trend is expected to prevail in the upcoming years, thus driving sales in the market.
Manufacturers are adopting various marketing strategies such as new product launches, geographical expansion, mergers and acquisitions, partnerships, and collaboration to identify the interest of potential buyers and create a larger customer base. For instance,
Leading manufacturers in the ceramic tiles market are expanding their footprint in the industry by focusing on product developments and innovations to cater to growing consumer demand. Moreover, collaborations, mergers, and acquisitions are other key strategies employed by top distributors to establish a strong foothold in the market.
Discover Latest Developments Shaping the Ceramic Tiles Industry
| Company Name | Atlas Concorde |
|---|---|
| Gist | Atlas Concorde Releases a New Product Line |
| News in Detail | In February 2021, Atlas Concorde launched its new product line known as the 'prism collection', comprising a spectrum of hand-crafted, unique, and colorful wall tiles for indoor and outdoor applications. |
| Company Name | RAK Ceramics |
|---|---|
| Gist | RAK Ceramics Launched a Line of Elegant Tile Fittings |
| News in Detail | In June 2021, RAK Ceramics collaborated with French designer Patrick Norguet for a new product range called Valet, focusing on basic yet stylish floor and wall tiles fittings. |
| Company Name | RAK Ceramics |
|---|---|
| Gist | RAK Ceramics Opened its First Flagship Showroom |
| News in Detail | RAK Ceramics initiated its first Flagship Showroom in Jeddah in January 2021, as well as the third in Saudi Arabia. The new showroom will place the brand as a lifestyle solution provider in Saudi Arabia, striving to augment demand throughout the region. |
| Company Name | Crossville Company |
|---|---|
| Gist | Crossville Company Released its Cursive Porcelain Wall Tile Collection |
| News in Detail | Crossville Company launched its Cursive porcelain wall tile collection in February 2020. This one-of-a-kind product is remarkable for its vibrant color palette and eclectic shape selection. |
| Attributes | Details |
|---|---|
| Forecast Period | 2023 to 2033 |
| Historical Data Available for | 2018 to 2022 |
| Market Analysis | USD billion for Value |
| Key Regions Covered | North America; Latin America; Europe; East Asia; South Asia; Oceania; and the Middle East & Africa |
| Key Countries Covered | The United States, Canada, Germany, The United Kingdom, France, Italy, Spain, Russia, China, Japan, South Korea, India, Thailand, Malaysia, Indonesia, Australia, New Zealand, Gulf Cooperation Council Countries, Northern Africa, and South Africa |
| Key Segments Covered | Product Type, Application Type, and Regions |
| Key Companies Profiled | RAK Ceramics; Crossville Inc.; Atlas Concorde; Saloni Ceramica; Porcelanosa Grupo; Gruppo Ceramiche Ricchetti; Florida Tile; Mohawk Industries; Kajaria Ceramics; China Ceramics Co., Ltd |
| Report Coverage | Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives |
| Customization & Pricing | Available upon Request |
The market for ceramic tiles has a CAGR of about 7.2%.
Asia Pacific is the leading region with a substantial market share.
The ceramic tiles market is worth about USD 97.45 billion.
Environmentally friendly and visually beautiful tiles.
The appeal of natural and textured finishes and a shift toward larger format tiles.
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033 5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Product 5.1. Floor Tiles 5.2. Wall Tiles 5.3. Other Tiles 6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Application 6.1. Residential Replacement 6.2. Commercial 6.3. New Residential 6.4. Others 7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region 7.1. North America 7.2. Latin America 7.3. Western Europe 7.4. Eastern Europe 7.5. South Asia and Pacific 7.6. East Asia 7.7. Middle East and Africa 8. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 9. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 10. Western Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 11. Eastern Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 12. South Asia and Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 13. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 14. Middle East and Africa Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 15. Key Countries Market Analysis 16. Market Structure Analysis 17. Competition Analysis 17.1. RAK Ceramics 17.2. Crossville Inc. 17.3. Atlas Concorde 17.4. Saloni Ceramica 17.5. Porcelanosa Grupo 17.6. Gruppo Ceramiche Ricchetti 17.7. Florida Tile 17.8. Mohawk Industries 17.9. Kajaria Ceramics 17.10. China Ceramics Co., Ltd 18. Assumptions & Acronyms Used 19. Research Methodology
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Ceramic Tiles Market
