Market Size of India Ceramic Tiles Industry
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 |
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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 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 |
India Ceramic Tiles Market Size Summary
The Indian Ceramic Tiles Market has been experiencing steady growth, with a significant upturn expected post-COVID. Despite the challenges brought about by the pandemic, such as labor shortages and economic contraction, the industry has shown resilience and is poised for a strong recovery. The growth of the ceramic tiles market in India is being propelled by factors such as the robust real estate sector, government policies encouraging growth in the housing sector, increasing disposable income, and the rising desire for beautification of living and working spaces. India is among the fastest-growing ceramic tile markets globally, with urbanization and increasing investments in real estate driving the market. The expansion of cities, migration of people, and investments in urban infrastructure have led to a surge in demand for residential and commercial construction, thereby fueling the growth of the ceramic tiles market. Additionally, the establishment of Real Estate Investment Trusts (REITs) has provided a new investment option, leading to increased demand for residential homes, retail spaces, and commercial complexes. This has attracted developers and investors to capitalize on the expanding market.
Explore MoreIndia Ceramic Tiles Market Size - Table of Contents
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1. MARKET SEGMENTATION
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1.1 Product
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1.1.1 Glazed
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1.1.2 Porcelain
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1.1.3 Scratch Free
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1.1.4 Other Products
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1.2 Application
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1.2.1 Floor Tiles
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1.2.2 Wall Tiles
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1.2.3 Other Applications
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1.3 Construction Type
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1.3.1 New Construction
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1.3.2 Replacement and Renovation
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1.4 End-User
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1.4.1 Residential
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1.4.2 Commercial
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India Ceramic Tiles Market Size 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.