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

Executive Summary

India Tile market revenue is expected to grow at a single digit CAGR in next five years. India tile industry is known for its leading position in both worldwide imports of tiles and exports of tiles therefore it is a significant factor in country’s economy. Tile industry is directly corelated with construction sector and 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 favourable 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 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: The 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 top down approach and finally verified using bottom up approach. Our research methodology helps to assess the market performance and with the help of corelation 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.

Segmentation

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 commercial sector. With the increasing disposable income and urbanization, remodelling activities are increasing. Whereas, commercial segments market share is expected to increase in coming years due to increasing number of commercial places such hospitals, institutions and corporate office.

Future Growth: The India Tile 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 tile 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 over the future performance of the industry.

India Tile Market Segmentation

• India Tile Market
• By Tile Type
• Ceramic Tile
• Soluble Salt Tile
• Vitrified Tile
• Double Charge Tile
• GVT Tile
• PVT Tile
• Cool Tile
• By Application Type
• Wall Tile
• Floor Tile
• Other Application
• By Structure
• Organized
• Unorganized
• By End User
• Residential
• Commercial
• By Product Type
• Glazed
• Porcelain
• Scratch free
• Other Products
• By Size

Companies covered in the UAE E-commerce Market Report:

• Kajaria Ceramics Ltd.
• Somany Ceramics Ltd.
• Asian Granito India Ltd.
• Cera Sanitaryware Ltd.
• Nitco Ltd.
• Orient Bell Ltd.
• Rak Ceramics India Pvt. Ltd.
• Simpolo Vitrified Pvt. Ltd.
• H&R Johnson
• Murudeshwar Ceramics Ltd.
• Varmora Granito Pvt. Ltd.

The report helps reader to gain information on following areas:

• How India Tile market has performed in the past and what is the expected future of the industry?
• What are the industry's primary issues in present scenario?
• What does the future growth prospects of Tile industry in India look like?
• Who are the top participants in the India tile market and what is the present business development for these players?
• How is the Indian economy doing, and what effects did COVID-19 leave over the economy as well as Indian tile market?
• How is the Morbi Cluster performing and what challenges this cluster faces?
• What is the average demand of tiles in India in terms of volume?
• How tile market in India is segmented by applications?
• What are the key challenges present in the industry?