Market Trends of Germany Ceramic Tiles Industry
This section covers the major market trends shaping the Germany Ceramic Tiles Market according to our research experts:
Rising Construction Activities are Driving the Market
Increasing construction spending is the key factor in driving the ceramic tiles market in Germany. The high adoption rate of ceramic tiles in the interior construction industry and high revenue generation from the floor tiles are anticipated to boost the German ceramic tiles market growth. Due to the promising construction industry in Germany, the demand for ceramic tiles is expected to accelerate over the projected period. Rapid industrialization and urbanization have resulted in increased residential, commercial, and industrial construction activities, thereby escalating the demand for ceramic tiles. Germany had a general increase in the total number of permits issued for residential property construction between 2007 and 2020. In that period, the total number of permits issued increased from 182 thousand to over 368 thousand, an increase of over 100%.
Floor Segment is Driving the Market
Ceramic tiles are made from fine, denser clay and fired at extreme temperatures, offering superior durability to the flooring with exposure to high traffic. Developing new products and hassle-free installation techniques have considerably driven the ceramic tiles market in commercial flooring. Ceramic floorings are emerging as cost-effective and eco-friendly solutions in various sectors, including healthcare and institutional buildings, owing to the product's antibacterial, anti-slip, and water-resistant properties. Factors such as consumers seeking stylish and less expensive flooring options and escalating demand for high-quality floor tiles will contribute to the growth of the German ceramic tiles market.