Europe Ceramic Tiles Market - Growth, Trends, COVID-19 Impact, and Forecasts (2023 - 2028)
During the forecast period, the European ceramic tile market is expected to register a CAGR of more than 4%.
The ceramic tile market of Europe, which was one of the leading variants of the flooring market, suffered several setbacks during 2020 due to the sudden COVID-19 pandemic. However, the construction sector, which was the key market for ceramic tiles, also suffered due to COVID-19, which in turn affected the ceramic tile market with revenue losses.
Ceramic tiles are made from natural materials such as sand and clay. Ceramic materials for tiles comprise porcelain, earthenware, and stoneware. Ceramic tiles have been used in Europe for a long time. Factors responsible for projecting market growth are the increasing awareness of the benefits of ceramic tiles and the increasing applications of ceramic tiles, like in households and hospitals. In the United Kingdom, the residential construction sector is driving the growth of the ceramic tile market. While in countries like Russia, the improving economic conditions and upcoming construction projects, along with favorable government policies regarding infrastructure development, are propelling the ceramic tile market's growth.
Europe Ceramic Tiles Market TrendsItaly is the Major Exporter of Ceramic Tiles in Europe RegionThe European region encompasses Germany, the UK, and Italy. Italy is a major exporter of ceramic tiles, with key import destinations like France, the US, Austria, Belgium, Germany, Greece, France, and Canada. Major players in the industry are focusing on achieving optimal operational costs, enhancing product quality, maximizing production output, and acquiring small players to sustain themselves in the competitive market. The market players are continuously introducing products with low environmental impact and enhanced durability, as well as aesthetics, to gain consumer attention.
Residential Replacement Segment is Driving the MarketResidential replacement and new installation activities are anticipated to drive growth of the ceramic tile market. Ease of replacement and installation are some major characteristics of ceramic tiles, which makes them ideal for flooring. The demand for ceramic tiles has increased from projects related to the replacement of tiles in residential construction. The replacement market is expected to witness a strong growth, thus driving the growth of the ceramic tile market.
Europe Ceramic Tiles Industry OverviewThe European ceramic tile market is moderately fragmented. With technological advancement and product innovation, mid-size to smaller companies are increasing their market presence by securing new contracts and tapping new markets. Some of the major players are Mohawk Industries, Atlas Concorde S.P.A., Johnson Tiles, and Porcelanosa Group.
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