In the last decade, specifically, the ceramic tiles industry has evolved into a more organized market with new users emerging in the industry. Ceramic tiles as a product category have grown manifolds owing to the unprecedented growth across housing, and retail sectors.
India and tiles sector
According to Mordor Intelligence India Ceramic Tiles Market research report, India is one of the fastest-growing ceramic tile marketplaces at the global level. Some of the major factors augmenting the growth in India are the developments in the real estate sector coupled with government schemes such as ‘Pradhan Mantri Awas Yojana’ and ‘Smart Cities Mission, among others, are likely to provide a further impetus.
Rising disposable incomes have also enabled a change in consumer mindset. Consumers today have a desire for beautification of living and working spaces, renovating these spaces with modern and trendy tiles.
Consumer trends
As per Future Market Insights (FMI) analyses, the tiles market reached a volume of 1,078 million Sq. Metres in 2021; the market is expected to reach 1,392 million Sq. Metres by 2027, exhibiting a CAGR of 4.49% between 2022-2027.
Developments in the wall and floor tile market
Not too long ago, Indian households would upgrade their flooring to tiles as a reflection of their own growth. With time, the functional usage has moved from providing a sturdy and easy-to-clean surface to becoming an integral part of décor and interiors given their potential to land impactful and refreshing outlook to the existing setup. With pandemic bringing heightened awareness for health hygiene, we can expect more innovations in the bacterial resistant tiles segment. We may soon have tiles that can destroy harmful microorganisms on its own.
To look at it even further into the future, tiles would be technologically modified ones. Those technologically modified tiles would be able act as other gadgets: the tiles with integrated screens showing holographic visuals would act as your mobile phones, laptops and televisions too. Also, there would be real concept homes with user control interface which would work through the tiles.
No matter what the situations would be in the coming times, tiles would obey to their role of protecting walls, providing an edge to the beauty of the floor and maintain the essence of wellbeing of everyone.