Ceramic tiles india manufacturing is a booming industry! With an ever-growing population, an increase in upper-middle-class disposable incomes, and the government’s increasing spending & investments in infrastructure developments there is a huge demand for high-quality tiles.
Ceramic tiles India is therefore a popular choice for homeowners and commercial space owners, and hence the market for the same is blooming in India. India's tiles supplier can meet this demand by producing a wide variety of ceramic tiles in a variety of sizes, colors, and styles.
An Overview of Ceramic Tiles India and What it Has Been
Ceramic tiles have been around for quite some time. Over the years, ceramic tiles have evolved to become a versatile and stylish flooring option. They became popular because of their aesthetics and durability. These tiles are used in both residential and commercial settings.
Ceramic tiles India; market is considered the fastest-growing marketplace in the world. Several factors play a role in achieving this title, primarily the government support such as “Pradhan Mantri Awas Yojna”. An increase in disposable incomes and customization abilities has enabled the ceramic tiles industry india to reach not only every Indian household but worldwide.
The Current Market
The market for ceramic tiles India is expected to grow at a CAGR of more than 13% during the forecast period of the next 7 years. The ceramic tiles market has observed a significant upsurge in the demand for ceramic tiles India, especially from upper-middle-class households (a quantitatively dominating sector in India).
The market is dominated by unorganized players & tiles suppliers, who account for more than 80% of the market share. The organized players & tiles suppliers are expanding their presence in the country through partnerships and collaborations with the unorganized player & tiles supplier. Some of the major players & tiles suppliers, in the market, are Ijaro Ceramic, Orient Bell, Simpolo, Kajaria, Somany, and Varmora.
Here are some Key Market Trends:
Growing Urbanization: It is quite blatant that customers are spending more money on decorating their homes. The composition of the urban share of the population increased to 35% and is expected to reach 40% by 2030. Meaning the demand for ceramic tiles india will keep on increasing.
Rising Investment in real estate: Long-term real estate is often considered a smart investment. A furnished real estate property gets appreciated value over time. Thus, as a form of investment, the population is inclined towards the same, resulting in the mass purchase of ceramic tiles india, to attract and appreciate the property value.
Competition: Competition has increased considerably over the years as urbanization has grown. There are several tiles suppliers in India, more so Morbi, a town in Gujarat, India, which is considered a hub for ceramic tiles.
The ceramic tiles supplier in India are some of the best in the world. Their tiles are of the highest quality and are sure to last for many years. If you are looking for some of the best tiles in the world, then you should consider ceramic tiles India.
Future of Ceramic Tiles India
The future of ceramic tiles India is appearing rather strong. The industry has been showing steady growth since 2017 when its valuation stood at INR 217Bn. By the end of 2023, the industry has grown by an additional INR 54 Bn. The market is expected to react on the following levels:
- Consumer base increase due to urbanization
- Government aid and subsidy
- Investments from Private sectors and banks
- Relaxation in import and export duties
- Easy Availability of Natural Raw materials
Based on these factors the industry is expected to grow at a CAGR of 9% by 2027.
Indian tiles manufacturers & tiles suppliers are poised to take advantage of this growth and continue to produce high-quality tiles that meet the needs of their customers.
The number of ceramic tiles supplier in India is increasing gradually and the competition is getting dense. The above-mentioned blog covers the current market scope and future of ceramic tiles India. There are some factors that play a pivotal role in increasing the market share of ceramic tiles in India and based on that the future can be predicted.
Ijaro Ceramic is a leading ceramic tiles manufacturer & tiles supplier in India. Our products are manufactured with essential quality control, thus, ensuring high-quality products. We have created an amazing collection of tiles that complements every possible character.