India Ceramic Tiles Market Size
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 9.20 Billion |
| Market Size (2029) | USD 17.36 Billion |
| CAGR (2024 - 2029) | 13.54 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
India Ceramic Tiles Market Analysis
The India Ceramic Tiles Market size is estimated at USD 9.20 billion in 2024, and is expected to reach USD 17.36 billion by 2029, growing at a CAGR of 13.54% during the forecast period (2024-2029).
In recent years, the Indian ceramic tiles market has been growing steadily. Due to the lockdown due to the coronavirus outbreak, around 10 million immigrant workers returned to their home country. This shortage of labor forced ceramic tile manufacturers to complete projects promptly. The increasing demand for ceramic tiles in India can be attributed to several factors. The real estate sector is growing rapidly due to government policies, and the housing sector is also seeing strong growth. The disposable income of India is also increasing, and people are looking for ways to beautify their living and workspaces. RERA has made the real estate industry more transparent and process-oriented. The demand for new touchless or hygiene-oriented products in bathroom ware and germ-free tiles may be at the forefront of the market in the near future. Several government schemes are likely to boost the Indian real estate market.
RERA also has a direct impact on the ceramic industry. Over the next few years, remodeling activity is expected to increase in India's residential ceramic tiles market segment. People are spending huge amounts of money to upgrade their walls and flooring. This will be one of the key factors driving demand for ceramic products in the residential segment of the residential market over the next few years.
India Ceramic Tiles Market Trends
Growing Urbanization is Driving the Market
India has witnessed rapid urbanization, with the urban population accounting for a significant share of the population in the current year. The surge in urbanization in India is primarily attributed to city expansions and significant migration. The country has channeled investments into various urban sectors, including housing, road networks, urban transport, water supply, power infrastructure, smart cities, and urban management initiatives. This urbanization wave has notably spurred demand in residential and commercial construction markets, propelling growth in the Indian ceramic tiles sector. India's urban population is not only witnessing absolute growth, buoyed by a burgeoning middle class and a stable democracy, but also witnessing a consistent influx of migrants, potentially leading to the emergence of new cities.
Rising Investments in Real Estate in India is Driving the Market
Despite the economic crash, real estate investments have maintained their reputation for profitability, consistently yielding positive returns. This investment surge has correspondingly fueled a heightened demand for housing in India, which accounts for 70% of the country's total tile demand. Real Estate Investment Trusts (REITs) have broadened investment opportunities in the real estate sector, luring in both institutional and retail investors. REITs offer an enticing proposition: the chance to invest in real estate sans property ownership, making them particularly appealing to diversification-minded investors. Moreover, the burgeoning disposable income of India's middle class has enticed developers and investors to tap into this expanding market.
India Ceramic Tiles Market Overview
The report focuses on key global players in India's fragmented ceramic tiles market. Presently, a handful of major players hold significant market shares. Yet, as technology advances and products evolve, mid-sized and smaller firms expand their footprints. They achieve this by securing fresh contracts and exploring untapped markets.
India Ceramic Tiles Market Leaders
-
Asian Granito India Ltd
-
H & R Johnson (India) Limited
-
Kajaria Ceramics Limited
-
Somany Ceramics Limited
-
RAK Ceramics
*Disclaimer: Major Players sorted in no particular order
India Ceramic Tiles Market News
- In September 2023, At a capital expenditure of Rs. 70 crores, Kajaria announced an extension for large glazed vitrified tiles at the Sikandrabad factory, increasing its capacity from 8.4 MSM/annum to 10.2 MSM/annum.
- In July 2023, Somany Ceramics Limited introduced the unique line of luxury tiles, titled "Embrace the Extraordinary - Igniting a New Era of Luxury in Tiles," in Jammu. The designs in the collection, which include creative cladding possibilities, wood finishes, stone textures, and fabric patterns, are inspired by nature.
Ceramic Tiles Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET INSIGHTS AND DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.2.1 Real Estate Sector Booming the Market
4.2.2 Changing Lifestyles and Rising Disposable Incomes Helping Growth of the Market
4.3 Market Restraints
4.3.1 High Cost of the Raw Material
4.3.2 Lack of Skilled Labour
4.4 Market Opportunities
4.4.1 Technological Advancement Driving the Sector
4.4.2
4.5 Porter's Five Forces Analysis
4.5.1 Bargaining Power of Buyers/Consumers
4.5.2 Bargaining Power of Suppliers
4.5.3 Threat of New Entrants
4.5.4 Threat of Substitute Products
4.5.5 Intensity of Competitive Rivalry
4.6 Industry Supply Chain/Value Chain Analysis
4.7 Insights on Recent Developments on the Market
4.8 Insights on Technological Trends in the Market
4.9 Impact of COVID-19 on the Market (Post and Pre-COVID-19)
5. MARKET SEGMENTATION
5.1 Product
5.1.1 Glazed
5.1.2 Porcelain
5.1.3 Scratch Free
5.1.4 Other Products
5.2 Application
5.2.1 Floor Tiles
5.2.2 Wall Tiles
5.2.3 Other Applications
5.3 Construction Type
5.3.1 New Construction
5.3.2 Replacement and Renovation
5.4 End-User
5.4.1 Residential
5.4.2 Commercial
6. COMPETITIVE LANDSCAPE
6.1 Market Concentration Overview
6.2 Company Profiles
6.2.1 Asian Granito India Limited
6.2.2 Kajaria Ceramics Limited
6.2.3 Nitco Limited
6.2.4 Orient Bell Limited
6.2.5 Varmora Granito Private Limited
6.2.6 RAK Ceramics
6.2.7 Somany Ceramics Limited
6.2.8 Murudeshwar Ceramics Limited
6.2.9 H & R Johnson (India) Limited (Prism Johnson)
6.2.10 Simpolo Vitrified Private Limited*
- *List Not Exhaustive
7. FUTURE OF THE MARKET
8. DISCLAIMER
India Ceramic Tiles Market Segmentation
India's ceramic tile market is segmented by product, application, construction type, and end-user. By product, the market is sub-segmented into glazed, porcelain, scratch-free, and other products. The market is sub-segmented by application into floor tiles, wall tiles, and other applications. The market is sub-segmented by construction type into new construction, replacement, and renovation. By end-user, the market is sub-segmented into residential and commercial. The report offers market size and forecasts for the Indian ceramic tiles market in value (USD ) for all the above segments.
| Product | |
| Glazed | |
| Porcelain | |
| Scratch Free | |
| Other Products |
| Application | |
| Floor Tiles | |
| Wall Tiles | |
| Other Applications |
| Construction Type | |
| New Construction | |
| Replacement and Renovation |
| End-User | |
| Residential | |
| Commercial |
Ceramic Tiles Market Research FAQs
How big is the India Ceramic Tiles Market?
The India Ceramic Tiles Market size is expected to reach USD 9.20 billion in 2024 and grow at a CAGR of 13.54% to reach USD 17.36 billion by 2029.
What is the current India Ceramic Tiles Market size?
In 2024, the India Ceramic Tiles Market size is expected to reach USD 9.20 billion.
Who are the key players in India Ceramic Tiles Market?
Asian Granito India Ltd, H & R Johnson (India) Limited, Kajaria Ceramics Limited, Somany Ceramics Limited and RAK Ceramics are the major companies operating in the India Ceramic Tiles Market.
What years does this India Ceramic Tiles Market cover, and what was the market size in 2023?
In 2023, the India Ceramic Tiles Market size was estimated at USD 7.95 billion. The report covers the India Ceramic Tiles Market historical market size for years: 2020, 2021, 2022 and 2023. The report also forecasts the India Ceramic Tiles Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Ceramic in India Industry Report
Statistics for the 2024 India Ceramic Tiles market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. India Ceramic Tiles analysis includes a market forecast outlook to for 2024 to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
