India Tile Market Research Report to 2022: Ken Research

How the India Tiles Market is positioned?

India tiles market grew at a five-year CAGR of ~% during the period FY’2012-2017. The revenue of the industry has shown an increase from INR ~ Crore in the FY’2012 to INR ~ Crore in the FY’2017. Earlier, people used cemented flooring and stones in their houses and other commercial spaces. The urge for the rise in the standard of living and modernization implied the introduction of tiles in the Indian market. Initially, the key customers in the segment included high end residential construction, aviation, education and healthcare. With the passage of time and development in technology it has become more economical and now they are used on walls and roofs also. The major growth driver of the India Tiles Industry is the infrastructural growth. The market is fragmented between a few organized and many unorganized family-owned businesses.

The easier credit accessibility and tax benefits for getting housing loans led to an increase in the number of new households in India. The rise of urbanization in India and the urge for a better lifestyle and job opportunities created a demand for well-finished houses. Shift in consumer preferences to demand large size & better-looking tiles due to easy availability and affordability of tiles has also boomed the India Tiles Market. The government has also played a major role in the mushrooming demand for tiles by initiating policies aimed at achieving growth in urban and rural sectors in terms of infrastructural growth. India tile market is expected to register a constant growth in demand owing to rising demand for good quality real estate in the commercial and residential sectors. All major companies have a positive outlook about the market in the near future and are planning to expand their manufacturing and distribution networks in the near future.

Segmentation by Type of Tile

Floor tile constitutes a major market share (~ %) on account of a larger area available for application. Most of the newly constructed houses and commercial complexes are using tiles for flooring due to ease of installation and easy availability in a variety of forms based on the requirement of individual products. The share of wall tiles is low generating only ~% of the revenue on account easy availability of substitutes including wallpapers, paints, and others.

Segmentation by Type of Material

Revenue share from vitrified tiles accounted for ~ % of the market share by value. These tiles have better resistance to damage as they less brittle compared to ceramic tiles. Revenue share from ceramic tiles accounted for ~ %of the market share by value. The lower share in value terms is in the account of being less expensive. Moreover, these tiles are brittle in nature so they cannot be applied in commercial spaces as they are unable to without high footfall.

Segmentation by Market Organization

Revenue share for unorganized players accounted for ~ % of the market share by value. The price differential created by the unorganized players attracts price-sensitive customers providing a higher revenue share by offering products at a lower cost. Revenue share for organized players accounted for ~ % of the market share by value. They offer products at a higher cost thus have lower revenue shares as they fail to attract customers that are price sensitive.

Segmentation by New-Order and Replacement Demand

The new order demand for tiles is high with a share of ~ % on account of an increase in the number of new residential units and an increase in the commercial space from ~ thousand square meters in FY’ 2011 to ~ thousand square meters in FY’ 2017. The replacement demand for tiles has a low share of ~ % on account of a longer replacement cycle with a life span of tiles being ~ years for medium quality tiles and ~ years for high durable quality tiles.

Snapshot on roof Tile Market

The India roof tiles market is broadly classified into two segments i.e. handmade tiles and machine made tiles. According to the census 2011, 40% of houses were constructed using the traditional roofing materials. Traditional clay tiles used to be the first choice for roofing solutions to homes but since the introduction of concrete tiles that come in various colors and are less expensive (as compared to clay tiles), the market has been taken over by the concrete tiles in India. Roof tiles add a style statement to the roofs and can transform them into masterpieces. Roof tiles have reflective properties, which help to increase the efficiency of heating and cooling systems. The roof tiles are delicate and fragile in nature they may tend to break due to external damages and heavy winds or hailstorms. The major players in the organized sector include Kajaria, H & R Johnson India, Orient Bell Tiles Ltd, and Somany Ceramics. Some of the other players in this sector include Kap India Tiles, Monier Roofing Pvt. Ltd., Pionnier Roofing Co. and Wienerberger India Pvt. Ltd. With infrastructure and industrial boom being the primary demand driver for this sector, increasing investment in infrastructure development by the Indian Government on account of the introduction of policies such as Smart Cities, Housing for all by 2022 and Swachh Bharat Mission will drive the demand for roofing tiles in India in the near future.

Snapshot on India Stone Flooring Market

Stone flooring is a growing segment in the India flooring market. A variety of stones is mined in India for domestic consumption and export. Marble and granite are the two most commonly used stones in construction. Rajasthan is a major state where marble is mined for further processing as flooring stone. Granite is majorly mined in Madhya Pradesh, Orissa, Tamil Nadu, Karnataka, Jharkhand, Chhattisgarh, Rajasthan, and Andhra Pradesh.

Revenue from the sale of granite and marble stone for flooring was estimated at INR ~ crore. The market for granite was majorly export dominated whereas the market for marble was majorly for domestic consumption.

The top 3 export destinations for marble export were China, the USA, and Norway. Top export destinations for granite export in FY’2017 were Saudi Arabia (INR ~ crore) USA (INR ~ crore), Germany (INR ~ crore), Iraq (INR ~ crore).

The market for marbles for flooring in India is very fragmented with very few players having Pan India presence. It is expected that revenue generated from the sale of stones (marble and granite) for building purposes will generate INR ~ crore in FY’2022. GST, environmental regulation and easy application of tile and other flooring substitutes are some key factors that may impact the demand in the future. Stone flooring especially using marbles is still the symbol for exotic and opulence.

Snapshot on India Wood Flooring Market

The present wooden flooring market in India is predominantly in the commercial sector accounting for more than half of the consumption with the remaining share by the residential sector.  The majority of the demand comes in renovations with minor contributions coming from new construction activity. Products sale is mainly driven by a recommendation from architects, installation personnel, and contractors. Pergo, Power Dekor Group, Classen, Kronotex, TEKA, and Lakewood, Greenply (Flomax), Greenlam (Mikasa) are some key wood flooring companies selling their product in India. It is expected that the market will more than double in the next five years with the rise in dominance of Indian companies such as Green lam and Greenply. Companies operating in this segment plan to increase the brand’s visibility using innovative marketing techniques and improving distribution network and product visibility.

Future Outlook to India Tile Market

By Revenue: The India wall and floor tile market had witnessed a positive growth rate past five years and the market is anticipated to grow at a CAGR of ~% during the forecast period, FY’2018-2022. The growth in the market during the forecast period will be attributed to factors such as rising number of residential units and commercial spaces due to migration of rural people to urban areas, the increase in government initiatives towards infrastructural growth, increase in the personal disposable income in India and anticipated innovations in the tiles industry.

By Type of Tile: Demand for floor tiles is expected to register constant increase and may account for ~% of the total tile sales in FY’2022 generating revenue of INR ~ crore. All major companies are expanding their production capacity by expanding existing facilities or through acquisitions and joint ventures. Wall tiles expected to find increased use in kitchens and washrooms where walls need protection from continuous exposure to the wet and moist surroundings.

Companies Cited in the Report

List of Companies                          Companies Covered in the Report

Kajaria

HR Johnson

Somany

Nitco

Orient Bell                                Major Players

RAK ceramics

Sun heart

Vermora

Murudeshwar

Green Ply

Greenlam

Key Topics Covered in the Report

Production Tiles in India

Tile Export from India

Ceramic Tiles Growth India

Major Tile Producers in India

Ceramic Tiles Industry in India

Tile Market Size Forecast

India Ceramic Tile Market

India Wooden Flooring Market

Tile Manufacturing Hub in India

For more information on the research report, refer to below link:-

https://www.kenresearch.com/manufacturing-and-construction/construction-materials/india-floor-wall-roof-tile-market/142318-97.html

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