The Global Ceramic and Natural Stone Tiles Market- Growth, COVID-19 impact and Forecast (2021-2025)
The Global Ceramic and Natural Stone Tiles market is segmented by Product type (Glazed Ceramic Tiles, Porcelain Tiles, Scratch-free Ceramic Tiles, and Others); Region (North America, Europe, APAC, ROW).
Introduction
Ceramic and Natural stone tiles is a product that are available in various textures , forms ,sizes and colours , made from the natural stone that are mainly used in the interior designing of the house including kitchen and bathroom (ER). Also, the Ceramic and Natural stone tiles are used for decorating and creating luxurious rooms.
In addition, strong economic and industrial development, population expansion, and increase in investments in the residential and commercial sectors are likely to drive the market over the forecast period.
Despite the current pandemic situation, these product manufacturers are recovering their operations in full capacities from 2021 beginning. Along with this, the recovering construction activities across the globe are expected to mitigate to numerous potential negative impacts caused during COVID-19 and maximize their opportunities in future.
Table of Contents
Executive Summary
Scope of the report
Research Methodology
Executive Summary
Introduction
5.1 Parent Market/ TAM
5.2 Market Outline
5.3 Market Segmentation
6.Five Force analysis
7.Market Sizing
8.Market segmentation
9.Geographical Landscape
9.1 APAC
9.2 Europe
9.3 North America
9.4 ROW
10.Growth drivers
10.1 Increasing investment in construction activities
10.2 Rising demand for aesthetically superior and durable construction materials
11.Key Market Trends
12.Impact of Covid-19
13.Challenges
14.Customer Insights analysis
15.Major Market Players
15.1 Mohawk Industries
15.2 Porcelanosa Grupo
15.3 Grupo Cedasa
15.4 RAK Ceramics
15.5 Crossville
15.6 Atlas Concorde
15.7 Florida Tile
15.8 Ceramica Carmelo Fior
15.9 NITCO Tiles
15.10 Orient Tiles
16.Recent Developments
17.Future Scope
18.Strategic Recommendations
Market Overview
The global ceramic and natural stone tiles market is expected to grow to $488.60 billion by 2025
Growth momentum is expected to accelerate during the forecast period with a 5.93% CAGR.
The rise in the renovation activities of the existing buildings and rapid expansion of the construction sector coupled with the rising demand for construction materials with high durability and quality are anticipated to propel the market growth.
APAC is dominating the market owing to infrastructure development and rapid urbanization.
Key Trends
The rapid increase in the number of commercial and industrial construction projects coupled with the recovery of the residential construction industry and rapid expansion of the residential and commercial application industry is anticipated to boost the demand for materials, thereby propelling the industry's growth.
Strong industrial and economic development associated with population expansion is expected to increase the market demand.
Key Market Players
Some of the key players in the market are Mohawk Industries, Porcelanosa Grupo. Grupo Cedasa, RAK Ceramics, Crossville, Atlas Concorde.
The major players are adopting various strategies, such as partnerships and mergers & acquisitions, to strengthen their market position and have a competitive edge. Stringent environment regulations have led to an increase in R&D activities and the development of eco-friendly products, which are expected to increase the market penetration of manufacturers.
Growth Drivers and Challenges
Increasing investment in construction activities in residential and commercial sectors is the key driver of this market.
Rising demand for aesthetically superior and durable construction materials and favorable characteristics of the product for hygiene maintenance are driving the demand.
Strong industrial and economic development coupled with population expansion is likely to have a positive impact on the product demand.
Fluctuating prices of raw materials floorings act as restraints for industry growth.
The high costs of production of ceramic and natural stone tiles are expected to impede the growth of the ceramic and natural stone tiles market.