The tile industry has been an ever-growing industry for the last few decades. Tiles have been an essential part of home decor for centuries, and you can’t think of building your home or anything without using tiles these days. And now more than ever, tiles are being used for numerous purposes, which has made the tile industry stronger than ever.
There are various types of tiles that people use while building their houses, both for interior and exterior designs. Both modern and vintage tiles are getting used heavily to fulfill different tastes of people for different designs, which is resulting in growth for the tiles industry.
Tiles Industry Is Growing Rapidly
Among all the tiles, ceramic tiles are the most used ones, resulting in the ceramic tile industry being the biggest industry currently. In 2020, the ceramic tiles market worldwide is estimated at 207.7 billion USD, and at a 6.5% CAGR rate, the estimation is to grow to 285.1 billion USD by 2025. Due to the growth of the population worldwide, there has been a rapid rise in the growth of the renovation sector and remodeling activities, a rise in disposable income of mass people.
And all these have increased the number of investments in both residential and commercial sectors, which has resulted in the growth of the tile industry. Also, growth in different organized retail sectors and the increasing demand from emerging economies have created huge growth opportunities for different industries in the market, the tile industry being one among them.
Industry Growth Due to Urbanization and Increasing Population
A primary factor that caused the demand surge for different tiles, especially ceramic tiles, is the increasing population of the world. According to www.tileclub.com, the growth in the industry has been elevated even more due to massive urbanization, as rural areas have been transformed into urban areas rapidly in the recent time, and people from rural places have also shifted to urban places to have a change in the living standard. As per the estimation of the United Nations Population Division, the world population can rise up to approximately 9.5 billion within the next three decades, and 66.4% of those people will remain in the urban areas.
People generally shift to urban areas for an upward shift in their living standards, and that positive shift requires improved habitations with better sanitation and hygiene. And a better habitation process with all the needed facilities require the further building of residential places and renovating the existing ones too. All these buildings and renovations require a huge amount of construction elements, and tiles are one of the most common and crucial ones. As a consequence, a huge amount of tiles are getting used and will be used in the foreseeable future for manifold purposes, which will have a huge impact on the tiles industry and cause huge growth.
Few Key Points Regarding the Growth of Tiles Industry
There are few key points that have been the driving force behind the huge growth of the tiles industry, and these factors will keep having an impact on this industry for the upcoming future. These key points are-
- An increase in the overall construction spending is currently driving the tiles industry globally. As people are now spending more than ever in constructing their homes or commercial spaces, they are spending more on the tiling process too. So, the tiles industry has had a huge drive, that will keep continuing in the future.
- Advancements in digital printing technology have provided different tiles with many interesting and aesthetic designs, which has made people spend on tiles more, as a result helping to grow the industry.
- As mentioned earlier, the rise in the world population and the amount of disposable income have been key factors for the tile industry’s growth.
- An increase in the number of aspects where you can use tiles has also helped in the rapid growth of the tiles industry. As along with different kinds of interior designs, you can use tiles for exterior designing and for many other kinds of decorations too.
The opportunity for Growth in the Industry
A wide variety of tiles are now available due to the penetration of organized retailers, which has subsequently driven the growth of the tiles industry. The global tile retail industry is growing rapidly, which is causing the increase in retail stores in the form of different markets of tiles and other things. Comfort and convenience in life are becoming more important to people due to hectic lifestyles and work schedules, as a result, large and organized tiles retail stores and also interior decor stores try to stock more brands and varieties of tiles to offer the customers more options.
The impact of different retailers offering different branded tiles and similar products has contributed to increasing brand consciousness among customers. Organized retailing of tiles is providing customers with information on different brands, and they can compare the cost, design, and quality of various products before making a buying decision. Not to mention, the emergence of many different types of tiles apart from the commonly used ones such as Metal Tiles, Glass Tiles, Quarry Tiles, Limestone Tiles, Granite Tiles, etc have provided the customers with many more choices, and people who are open to spending more money for their home decor are going for these expensive options, making the tiles industry grow a lot more as a consequence.
Also, thousands of patterns, textures, and colors are now found in tiles, that have made the market bigger and the competition among different brands are bound to increase a lot, which will result in the manufacturing of better and more beautifully designed and textured tiles and this will bel luring in more and more consumers. So, the future of the tile industry is a bright one.
The tiling industry is an ever-growing industry, and as we know tiles have become one of the most crucial essentials for our constructions and modern home decor, and the demand for various kinds of tiles is always increasing. So, the future of the tiles industry is a safe and prosperous one.