Building and Construction

  The ceramic tiles market is projected to grow from USD 207.7 billion in 2020 to USD 285.1 billion by 2025, at a CAGR of 6.5% during the forecast period. Growth in investments in the construction industry, coupled with a rise in the number of renovation & remodeling activities, further boost the growth of the market for ceramic tiles. The rise in demand from emerging economies and the growth of the organized retail sector create growth opportunities for the market. The ceramic tiles market is dominated by major players such as Mohawk Industries (US), Siam Cement Group (Thailand), Grupo Lamosa (Mexico), Grupo Cedasa (Brazil), Kajaria Ceramics (India), Ceramica Carmelo Fior (Brazil), and RAK Ceramics (UAE). These players have adopted numerous growth strategies, such as acquisitions and expansions to further expand their presence in the global ceramic tiles market. Expansions were the most dominating strategy adopted by major players from 2017 to 2020, which helped them to expan...

The penetration of organized retailers increases the availability of different types of ceramic tiles, subsequently driving the growth potential of this market. The rapidly developing global retail industry is witnessing the entry of a large number of retail stores, which include hypermarkets, supermarkets, and specialty stores. Owing to hectic lifestyles and work schedules, convenience and comfort are increasingly becoming important to customers; hence, large organized retail stores focus on stocking more varieties and brands of ceramic tiles under one roof to offer more options to consumers. Dedicated retail stores for interior décor products are also making ceramic tiles available for the customers. With the increasing brand consciousness among consumers, the importance of organized retailers offering branded ceramic products and other home furnishing products has also increased. Organized retailing enables customers to gather information on various brands and compare the price, qua...