Growth in number of commercial and housing units leading to an affirmative growth in the tiles industry, says RNCOS.
Noida, UP -- (SBWIRE) -- 11/21/2014 -- Tiles in India were traditionally used for designing floors, and walls of kitchens and bathrooms; however, they have made an entry into drawing rooms and bedrooms as well in the modern day housing. According to a new report by RNCOS, “Indian Housing Sector Outlook 2018”, the growing demand for housing due to a vast young population-base, government funding, and a booming economy will provide new heights to the tiles industry in the coming years which in turn will escalate the growth of the industry.
According to our report, various factors such as, changing demography of the nation, fluctuating consumer preferences and increasing household income are likely to contribute towards the growth of Indian tiles market with a CAGR of around 16.7% during 2013-14 to 2017-18. The tiles market is fragmented into wall tiles and floor tiles. Though initially, floor tiles were popular in the Indian residential market, but in the recent years, wall tiles have also gained equal importance. Going by the current trend, it is also observed that the textured wall tiles have gained more popularity as people have started demanding for the same. In addition to this, efforts on the part of manufacturers to introduce wide range of designs, colors and finishes, along with a shift from small formats to large format, is expected to provide a boost to the tiles market in the coming years.
The report, “Indian Housing Sector Outlook 2018”, by RNCOS which is spread over 120 pages provides an in-depth research and rational analysis of the Indian Housing industry with forecasts till 2018. The report is segmented into two parts: Affordable and Luxury housing. The report provides forecast of housing market potential in each section, along with housing demand potential till 2018. The report further provides list of major players and share of organized/unorganized sector for these industries. Additionally, regional analysis of the tile, electrical switch, cement, flooring and modular kitchen market, with a focus on consumer preference is also covered.
Besides, the report also includes city-level analysis (Mumbai, National Capital Region, Chennai, Hyderabad, Pune and Bengaluru). The report also contains a section on the trends prevailing in the industry along with major challenges. Additionally, the report identifies and rates various factors influencing the customers in selecting a housing project. Furthermore, the report provides profiling of the major players covering the business description, recent activities and their strengths and weaknesses.
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RNCOS is a leading industry research and consultancy firm incorporated in 2002. As a pioneer in syndicate market research, our vision is to be a global leader in the industry research space by providing research reports and actionable insights to companies across a range of industries such as Healthcare, IT and Telecom and Retail etc. We offer comprehensive industry research studies, bespoke research and consultancy services to Fortune 1000, Trade associations, and Government agencies worldwide.