Decorative Tiles - Market Share Analysis, Industry Trends & Statistics, Growth Forecasts (2024 - 2029)
The Decorative Tiles Market size is estimated at USD 33.74 billion in 2024, and is expected to reach USD 42.39 billion by 2029, growing at a CAGR of 4.67% during the forecast period (2024-2029).
The decorative tiles market is expected to grow strongly, owing to increasing building construction spending and rising interest in bathroom and kitchen renovation projects worldwide. The rise in urbanization and increased commercial infrastructure development are other factors fuelling the demand for decorative tiles. Globally, there is an increase in investments in infrastructure development in developed and developing countries, which is another factor driving the global decorative tiles market.
One of the main trends in the decorative tile market is the rising popularity of 3D-printed tiles. Since clay, sand, and other materials are typically used to make decorative tiles. A method that produces less pollution is 3D tile printing, which is rapidly gaining traction. Tile manufacturers may add exquisite facets and design textures to their products using 3D printing. The rising demand for decorative tiles, owing to their stain and scratch resistance and ability to mimic the appearance of more expensive natural stone and hardwood tiles, is another factor that is anticipated to boost the adoption of these tiles in the next few years.
Decorative Tiles Market Trends
The Residential Segment is Likely to Dominate the Decorative Tiles Market
The market share of decorative tiles held by the residential category was the highest the year before. Decorative tiles are growing in popularity in the residential market, partly because of increased private and residential construction activity brought on by customers' increasing disposable income. Construction activity is growing rapidly at a worldwide level, and there is an increase in the growth of housing units, which is likely to propel the growth of decorative tiles further in the anticipated period. Decorative tiles made from porcelain, marble, and stones are designed specifically for construction type and theme. They enhance the aesthetic appeal of walls and floors and increase the value of the construction sector.
Rise in Decorative Tiles Market in Asia-Pacific
The decorative tiles market in the Asia-Pacific region is experiencing substantial growth and is expected to continue expanding in the coming years. Rapid urbanization, advantageous economic conditions, and rising disposable income levels have been observed throughout the Asia-Pacific region, including nations like China, India, Japan, South Korea, and Southeast Asian states. These factors have contributed to the rise in demand for decorative tiles in the region. Decorative tiles are becoming more common in residential and commercial settings due to shifting customer preferences and an increased focus on interior design. Consumers are increasingly looking for aesthetically appealing and customized options to enhance the visual appeal of their living and working spaces. Decorative tiles are now more widely available and affordable in the Asia-Pacific region due to the region's vast population base and growing middle class. The expansion of e-commerce platforms has also assisted in the growth of the market by making it simpler for customers to explore and buy a wide selection of decorative tiles online.
Decorative Tiles Industry Overview
The decorative tiles market is highly fragmented, with several companies competing against one another. Several key players engage in the development of innovative products to expand their product portfolios. Leading worldwide producers include RAK Ceramics, Group Lamosa, Mohawk Industries, Johnson Tiles, and Kajaria Ceramics.
Additional Benefits:
The market estimate (ME) sheet in Excel format
3 months of analyst support
The decorative tiles market is expected to grow strongly, owing to increasing building construction spending and rising interest in bathroom and kitchen renovation projects worldwide. The rise in urbanization and increased commercial infrastructure development are other factors fuelling the demand for decorative tiles. Globally, there is an increase in investments in infrastructure development in developed and developing countries, which is another factor driving the global decorative tiles market.
One of the main trends in the decorative tile market is the rising popularity of 3D-printed tiles. Since clay, sand, and other materials are typically used to make decorative tiles. A method that produces less pollution is 3D tile printing, which is rapidly gaining traction. Tile manufacturers may add exquisite facets and design textures to their products using 3D printing. The rising demand for decorative tiles, owing to their stain and scratch resistance and ability to mimic the appearance of more expensive natural stone and hardwood tiles, is another factor that is anticipated to boost the adoption of these tiles in the next few years.
Decorative Tiles Market Trends
The Residential Segment is Likely to Dominate the Decorative Tiles Market
The market share of decorative tiles held by the residential category was the highest the year before. Decorative tiles are growing in popularity in the residential market, partly because of increased private and residential construction activity brought on by customers' increasing disposable income. Construction activity is growing rapidly at a worldwide level, and there is an increase in the growth of housing units, which is likely to propel the growth of decorative tiles further in the anticipated period. Decorative tiles made from porcelain, marble, and stones are designed specifically for construction type and theme. They enhance the aesthetic appeal of walls and floors and increase the value of the construction sector.
Rise in Decorative Tiles Market in Asia-Pacific
The decorative tiles market in the Asia-Pacific region is experiencing substantial growth and is expected to continue expanding in the coming years. Rapid urbanization, advantageous economic conditions, and rising disposable income levels have been observed throughout the Asia-Pacific region, including nations like China, India, Japan, South Korea, and Southeast Asian states. These factors have contributed to the rise in demand for decorative tiles in the region. Decorative tiles are becoming more common in residential and commercial settings due to shifting customer preferences and an increased focus on interior design. Consumers are increasingly looking for aesthetically appealing and customized options to enhance the visual appeal of their living and working spaces. Decorative tiles are now more widely available and affordable in the Asia-Pacific region due to the region's vast population base and growing middle class. The expansion of e-commerce platforms has also assisted in the growth of the market by making it simpler for customers to explore and buy a wide selection of decorative tiles online.
Decorative Tiles Industry Overview
The decorative tiles market is highly fragmented, with several companies competing against one another. Several key players engage in the development of innovative products to expand their product portfolios. Leading worldwide producers include RAK Ceramics, Group Lamosa, Mohawk Industries, Johnson Tiles, and Kajaria Ceramics.
Additional Benefits:
The market estimate (ME) sheet in Excel format
3 months of analyst support
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 Increasing Demand for Personalized and Aesthetically Pleasing Interior Design Solutions
4.3 Market Restraints
4.3.1 Cost Associated with Decorative Tiles
4.3.2 Durability and Maintenance of Decorative Tiles can be a Concern for Some Consumers
4.4 Market Opportunities
4.4.1 In the Commercial Sector, Businesses can Target Hotels, Restaurants, and Other Commercial Spaces
4.5 Industry Value Chain Analysis
4.6 Porter's Five Forces Analysis
4.6.1 Threat of New Entrants
4.6.2 Bargaining Power of Buyers
4.6.3 Bargaining Power of Suppliers
4.6.4 Threat of Substitutes
4.6.5 Intensity of Competitive Rivalry
4.7 Insights into the Key Trends in the Decorative Tiles Industry
4.8 Insights into the Recent Developments and Technological Innovations in the Industry
4.9 Impact of COVID-19 on the Market
5 MARKET SEGMENTATION
5.1 By Type
5.1.1 Ceramic Wall Tiles
5.1.2 Vinyl Wall Tiles
5.1.3 Stone Wall Tiles
5.1.4 Other Types
5.2 By End User
5.2.1 Residential
5.2.2 Commercial
5.3 By Application
5.3.1 Flooring
5.3.2 Wall Coverings
5.3.3 Other Applications
5.4 Distribution Channel
5.4.1 Home Centers
5.4.2 Flagship Stores
5.4.3 Specialty Stores
5.4.4 Online Stores
5.4.5 Other Distribution Channels
5.5 By Geography
5.5.1 North America
5.5.1.1 United States
5.5.1.2 Canada
5.5.1.3 Rest of North America
5.5.2 Asia-Pacific
5.5.2.1 Japan
5.5.2.2 China
5.5.2.3 Rest of Asia-Pacific
5.5.3 Europe
5.5.3.1 United Kingdom
5.5.3.2 Germany
5.5.3.3 Rest of Europe
5.5.4 Latin America
5.5.4.1 Brazil
5.5.4.2 Peru
5.5.4.3 Rest of Latin America
5.5.5 Middle East & Africa
5.5.5.1 Saudi Arabia
5.5.5.2 United Arab Emirates
5.5.5.3 Rest of Middle East & Africa
6 COMPETITIVE LANDSCAPE
6.1 Market Concentration
6.2 Company Profiles
6.2.1 RAK Ceramics
6.2.2 Group Lamosa
6.2.3 Mohawk Industries Inc.
6.2.4 Johnson tiles
6.2.5 Kajaria Ceramics Limited
6.2.6 The Siam Cement Public Company Limited
6.2.7 Roca Sanitario SA
6.2.8 Panariagroup Industrie Ceramiche SpA
6.2.9 Gruppo Concorde SpA
6.2.10 Pamesa Ceramica SL
6.2.11 Guangdong Dongpeng Ceramic Co. Ltd
6.2.12 Emser Tile LLC
6.2.13 Seneca Tiles
6.2.14 Porcelanosa Grupo
6.2.15 British Ceramic Tile
6.2.16 China Ceramics Co. Ltd*
7 MARKET FUTURE TRENDS
8 ABOUT US
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 Increasing Demand for Personalized and Aesthetically Pleasing Interior Design Solutions
4.3 Market Restraints
4.3.1 Cost Associated with Decorative Tiles
4.3.2 Durability and Maintenance of Decorative Tiles can be a Concern for Some Consumers
4.4 Market Opportunities
4.4.1 In the Commercial Sector, Businesses can Target Hotels, Restaurants, and Other Commercial Spaces
4.5 Industry Value Chain Analysis
4.6 Porter's Five Forces Analysis
4.6.1 Threat of New Entrants
4.6.2 Bargaining Power of Buyers
4.6.3 Bargaining Power of Suppliers
4.6.4 Threat of Substitutes
4.6.5 Intensity of Competitive Rivalry
4.7 Insights into the Key Trends in the Decorative Tiles Industry
4.8 Insights into the Recent Developments and Technological Innovations in the Industry
4.9 Impact of COVID-19 on the Market
5 MARKET SEGMENTATION
5.1 By Type
5.1.1 Ceramic Wall Tiles
5.1.2 Vinyl Wall Tiles
5.1.3 Stone Wall Tiles
5.1.4 Other Types
5.2 By End User
5.2.1 Residential
5.2.2 Commercial
5.3 By Application
5.3.1 Flooring
5.3.2 Wall Coverings
5.3.3 Other Applications
5.4 Distribution Channel
5.4.1 Home Centers
5.4.2 Flagship Stores
5.4.3 Specialty Stores
5.4.4 Online Stores
5.4.5 Other Distribution Channels
5.5 By Geography
5.5.1 North America
5.5.1.1 United States
5.5.1.2 Canada
5.5.1.3 Rest of North America
5.5.2 Asia-Pacific
5.5.2.1 Japan
5.5.2.2 China
5.5.2.3 Rest of Asia-Pacific
5.5.3 Europe
5.5.3.1 United Kingdom
5.5.3.2 Germany
5.5.3.3 Rest of Europe
5.5.4 Latin America
5.5.4.1 Brazil
5.5.4.2 Peru
5.5.4.3 Rest of Latin America
5.5.5 Middle East & Africa
5.5.5.1 Saudi Arabia
5.5.5.2 United Arab Emirates
5.5.5.3 Rest of Middle East & Africa
6 COMPETITIVE LANDSCAPE
6.1 Market Concentration
6.2 Company Profiles
6.2.1 RAK Ceramics
6.2.2 Group Lamosa
6.2.3 Mohawk Industries Inc.
6.2.4 Johnson tiles
6.2.5 Kajaria Ceramics Limited
6.2.6 The Siam Cement Public Company Limited
6.2.7 Roca Sanitario SA
6.2.8 Panariagroup Industrie Ceramiche SpA
6.2.9 Gruppo Concorde SpA
6.2.10 Pamesa Ceramica SL
6.2.11 Guangdong Dongpeng Ceramic Co. Ltd
6.2.12 Emser Tile LLC
6.2.13 Seneca Tiles
6.2.14 Porcelanosa Grupo
6.2.15 British Ceramic Tile
6.2.16 China Ceramics Co. Ltd*
7 MARKET FUTURE TRENDS
8 ABOUT US
