1 April 2021
It is an open secret that the Indian tile market has witnessed a whopping growth over the past decade. This could be well-attributed to the increase in commercial and residential construction; however, exactly like many other industries, even the Indian tile industry got a little hampered due to COVID-19 pandemic. But there’s good news to it and Indian tile industry is now viewed as a more reliable source by global tile distributors. Read on to find out the reasons.
The prolonged lockdown of two quarters was enough to do the damage, but there certainly is a silver lining. If we refer to the stats before COVID-19 and the market forecast, the Indian tile industry looks in a good shape and it is absolutely no wonder that global tile importers are ecstatic about it. Let’s take a quick look at some stats that show how the global tile market projects the growth.
Global ceramic tile market was estimated $84,123 million in year 2015 and is expected to register a whopping growth rate of 8.1% between 2016 and 2022. The global tile market continued its run until 2020 when the pandemic brought the entire world to a stand-still; however, the increase in commercial and residential construction is sure to accelerate the market growth yet again. The market is expected to reach a whopping $145,949 million in 2022 and that’s truly good news for tile manufacturers and tile distributors.
Importers world-wide have also realized that India is very reliable as manufacturing hub as it was able to fulfill worlds requirement during the COVID-19 pandemic when economy of China was under lockdown. One of the key takeaways for the global tile industry was to have more reliable tile exporters and top-notch Indian tile exporters like SakarMarbo have certainly emerged as one for multiple reasons. Particularly, tile manufacturer with a great repute such as SakarMarbo continue to impress their global client base since their inception.
Urbanization and population explosion are some other factors to fuel the immense growth of global tile industry. Indian tiles are known for exceptional reliability, sustainability and aesthetic features; they have always been in demand.
In 2015, new residential segment and residential replacement composed the majority of market with more than 65 percent of share. Speaking of ceramic tiles, residential replacement emerged as the top investment area.
Tile manufacturers in India say that Indian tiles have a lot to offer. Significant revenue generation and rapid growth rate show vouch for the fact that the road ahead will open new avenues for the global and Indian tile industry; however, there are few key aspects to be borne in mind by Indian tile manufacturers as well.
There is no doubt that the future holds tons of opportunities for ceramic tile market, but the stakeholders will need to focus on adopting environment friendly ceramic production processes to curb carbon emissions. Governments across the globe have laid down strict norms when it comes to production processes and hence ceramic, and vitrified tile manufacturers will have to focus on the production of responsibly manufactured tiles. Tile distributors across the globe does count on reputed Indian tile manufacturers like SakarMarbo for the same.
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