Vitrified Decorative Tile Market Report, Global Industry Analysis, Market Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2023 - 2030

  • Published Date: Jan, 2024
  • Report ID: CR0209087
  • Format: Electronic (PDF)
  • Number of Pages: 186
  • Author(s): Joshi, Madhavi

Report Overview

The Vitrified Decorative Tile Market size was estimated at USD 7.517 billion in 2023 and is projected to reach USD 9.2 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 3.20% during the forecast period (2024-2030).

Vitrified Decorative Tile Market

(Market Size)
$7.517 billion
$9.2 billion
2023
2030
Source: Citius Research
Study Period 2018 - 2030
Base Year For Estimation 2023
Forecast Data Period 2024 - 2030
CAGR (2024-2030) 3.20%
2023 Market Size USD 7.517 billion
2030 Market Size USD 9.2 billion
Key Players Mohawk Industries, Kajaria Ceramics, Siam Cement Group, Grupo Lamosa, RAK Ceramics

Market Summary

The vitrified decorative tile market represents a significant and expanding segment within the global manufacturing and construction industry. These tiles are engineered through a process of vitrification, which involves high-temperature firing that results in a product with extremely low porosity, high strength, and superior resistance to water absorption and staining. This makes them an exceptionally durable and low-maintenance surfacing solution, highly favored for both residential and commercial applications. The market is characterized by continuous innovation in design, texture, and printing technologies, allowing manufacturers to produce tiles that convincingly mimic natural materials like wood, stone, and marble while offering enhanced performance characteristics. Demand is primarily driven by the global surge in construction activities, rising disposable incomes, and a growing consumer preference for aesthetically pleasing, hygienic, and long-lasting building materials. The competitive landscape is intense, with numerous established players and new entrants vying for market share through product diversification, expansive distribution networks, and strategic marketing initiatives focused on sustainability and design trends.

Key Highlights

The vitrified decorative tile market is distinguished by several key attributes that underscore its importance. A primary highlight is the exceptional durability and mechanical strength of these tiles, which far surpasses that of traditional ceramic tiles, making them ideal for high-traffic commercial spaces and residential areas prone to heavy use. Their near-zero water absorption rate is another critical feature, rendering them highly resistant to frost, stains, and moisture-related damage, which is a crucial factor for use in kitchens, bathrooms, and outdoor applications in varying climates. The market is also defined by its remarkable aesthetic versatility; advanced digital printing technology enables the production of an almost limitless array of designs, patterns, and finishes, catering to diverse architectural styles and consumer tastes. Furthermore, the inherent ease of maintenance and cleaning, due to their non-porous surface, positions them as a hygienic and cost-effective long-term flooring and walling solution. The industry's ongoing shift towards sustainable manufacturing practices, including the use of recycled materials and energy-efficient production processes, is also a significant highlight, aligning with global environmental regulations and the growing demand for green building materials.

Drivers, Opportunities & Restraints

Several powerful drivers are propelling the growth of the vitrified decorative tile market. A primary driver is the robust expansion of the global construction sector, particularly in emerging economies, fueled by urbanization, infrastructure development, and rising investments in residential and commercial real estate. The increasing consumer disposable income and evolving lifestyle preferences are leading to higher spending on home improvement and interior decor, directly boosting demand for premium and aesthetically superior products like decorative vitrified tiles. The product's superior functional properties, such as scratch resistance, slip resistance, and longevity, compared to alternative materials, make it a preferred choice for architects, contractors, and homeowners alike.

Significant opportunities for market expansion lie in technological innovation. The development of larger-format tiles, thinner and lighter panels, and tiles with enhanced anti-bacterial and anti-pollution properties opens new application avenues. The growing trend of smart homes and integrated living spaces presents an opportunity for tiles with embedded technology or multifunctional characteristics. Furthermore, the untapped potential in rural markets and developing regions offers a substantial growth frontier for manufacturers who can offer cost-effective solutions without compromising on quality.

However, the market faces notable restraints. The high initial cost of vitrified tiles, compared to ceramic or porcelain alternatives, can be a barrier to price-sensitive consumers. The manufacturing process is energy-intensive and requires significant capital investment in advanced machinery, which can limit the entry of new, smaller players. Fluctuations in the prices of key raw materials, such as clay, feldspar, and quartz, can impact production costs and profit margins. Additionally, the market is susceptible to economic downturns, which can lead to reduced spending in the construction and renovation sectors, thereby affecting sales.

Concentration Insights

The global vitrified decorative tile market exhibits a moderately concentrated landscape, featuring a mix of large multinational corporations and a considerable number of regional manufacturers. The market concentration is highest in the Asia-Pacific region, which is not only the largest consumer but also the dominant production hub, with countries like China, India, and Indonesia housing some of the world's leading tile manufacturers. These key players benefit from economies of scale, extensive distribution networks, and strong brand recognition. They compete intensely on factors such as product innovation, design portfolio, price, and distribution reach. In regions like North America and Europe, the market is often characterized by a higher presence of premium and luxury tile brands that focus on design-led products and sustainable manufacturing. Despite the presence of giants, the market still offers space for specialized and niche players who focus on custom designs, artisan collections, or specific application segments, preventing it from being entirely oligopolistic.

Type Insights

The vitrified decorative tile market can be segmented based on type, primarily distinguished by the manufacturing process and resulting properties. Full-body vitrified tiles are homogenous, with color and pattern running throughout the entire thickness of the tile. This makes them extremely durable and resistant to wear, as the design does not fade even under heavy foot traffic or surface scratching; they are often used in commercial and high-traffic residential areas. Glazed vitrified tiles, or digital tiles, have a surface layer of glaze onto which designs are printed using advanced digital inkjet technology. This allows for a vast and intricate array of decorative patterns, including high-resolution replicas of natural materials. Polished vitrified tiles undergo a grinding and polishing process after firing, resulting in a glossy, reflective surface that enhances the aesthetic appeal of spaces. Double-charged vitrified tiles are manufactured by compressing two layers of pigment together, creating a tile with a pattern that extends approximately 3-4 mm into the surface, offering a good balance of design and durability. Each type caters to specific aesthetic preferences, functional requirements, and budget considerations.

Application Insights

Vitrified decorative tiles find extensive application across various segments of the construction industry, valued for their combination of utility and aesthetics. In residential applications, they are a top choice for flooring in living rooms, bedrooms, and kitchens due to their durability and ease of cleaning. They are also widely used for bathroom and shower wall cladding, leveraging their water-resistant properties. In commercial applications, their high strength and resistance to heavy foot traffic make them ideal for hotels, retail stores, shopping malls, airports, and corporate offices. The healthcare and hospitality sectors particularly value tiles with anti-bacterial properties for maintaining hygiene. Furthermore, their resistance to weathering and slipping has led to increased usage in outdoor applications such as patios, pool decks, and building facades. The application is continually expanding into new areas like furniture tops and interior accent walls, driven by innovations in size, thickness, and design capabilities.

Regional Insights

The demand and production of vitrified decorative tiles are not uniformly distributed globally, with clear regional leaders and emerging markets. The Asia-Pacific region stands as the undisputed largest and fastest-growing market, dominated by China and India. This dominance is attributed to massive urbanization, a booming construction industry, government initiatives in infrastructure and housing, and the presence of major manufacturing facilities with cost advantages. North America and Europe represent mature markets characterized by a demand for high-value, design-intensive, and sustainable products. Growth in these regions is steady, driven by renovation and remodeling activities and a preference for premium materials. The Middle East and Africa region shows promising growth potential, fueled by large-scale infrastructure projects, economic diversification efforts, and growing tourism and hospitality sectors. Latin America, while a smaller market, is experiencing growth due to improving economic conditions and increased construction activity. Each region has distinct consumer preferences, regulatory environments, and competitive dynamics influencing market trends.

Company Insights

The competitive environment of the vitrified decorative tile market includes a roster of influential companies that shape industry trends. Prominent global players such as Mohawk Industries, Siam Cement Group, and Grupo Lamosa possess extensive product portfolios and a strong international presence. From India, major contributors like Kajaria Ceramics, Somany Ceramics, and Johnson Tiles are recognized for their vast distribution networks and significant market share. Chinese manufacturers, including Guangdong Dongpeng Holdings and Monalisa Group, are known for their large-scale production capacity and competitive pricing. Italian and Spanish companies like Panaria Group and Pamesa Cer?mica are often celebrated for their design innovation and premium product offerings. These leading companies compete through strategies encompassing extensive research and development to create new designs and improve technical properties, strategic mergers and acquisitions to expand geographic reach, significant investment in marketing and brand building, and a focus on enhancing sustainability credentials across their operations and supply chains.

Recent Developments

The vitrified decorative tile market is dynamic, with recent developments focused heavily on technological innovation and sustainability. A major trend is the advancement in digital printing technology, enabling hyper-realistic textures and patterns that are virtually indistinguishable from natural wood, stone, and concrete, thus expanding design possibilities. Manufacturers are increasingly launching large-format and slim tiles, which reduce grout lines for a seamless look and are lighter, making installation easier and reducing material usage. There is a significant push towards green manufacturing, with companies investing in energy-efficient kilns, using recycled water and materials in production, and obtaining environmental certifications for their products. The development of tiles with added functionalities, such as photocatalytic properties that help reduce air pollutants and anti-bacterial coatings, is gaining traction, especially for healthcare and sanitary applications. Furthermore, key players are enhancing their digital presence and e-commerce capabilities to reach a wider audience and provide immersive virtual tools that allow customers to visualize products in their spaces before purchase.

Report Segmentation

This comprehensive market research report on the vitrified decorative tile industry provides a detailed and structured analysis segmented to offer granular insights. The segmentation is primarily based on type, categorizing the market into full-body, glazed, polished, and double-charged vitrified tiles, analyzing the demand, growth, and trends for each variant. The report further segments the market by application, examining usage across key sectors including residential flooring and wall cladding, commercial spaces, and outdoor applications. A crucial component of the segmentation is the regional analysis, which provides an in-depth assessment of the market dynamics, growth potential, and competitive landscape in key geographies such as Asia-Pacific, North America, Europe, Latin America, and the Middle East and Africa. This multi-dimensional segmentation allows stakeholders to identify specific growth pockets, understand application-specific demands, and formulate targeted strategies for different product types and regional markets.

FAQs

What is the difference between vitrified tiles and ceramic tiles?

The primary difference lies in the water absorption rate and durability. Vitrified tiles are manufactured under higher pressure and temperature, resulting in a denser product with a water absorption rate of less than 0.5%, making them stronger, more durable, and more stain-resistant than ceramic tiles, which are more porous and softer.

Are vitrified tiles good for flooring?

Yes, vitrified tiles are an excellent choice for flooring. Their high strength, resistance to scratches and stains, low porosity, and ease of maintenance make them ideal for both high-traffic commercial floors and residential areas like living rooms and kitchens.

How are vitrified tiles made?

Vitrified tiles are made by mixing silica, clay, feldspar, and quartz, which are then pressed under high pressure to form a compact body. This body is dried and fired at temperatures between 1200-1300 degrees Celsius, which causes vitrification?a process where the materials fuse together into a glass-like, non-porous substance.

Can vitrified tiles be used outdoors?

Yes, certain types of vitrified tiles, particularly full-body and unpolished varieties with anti-slip properties, are suitable for outdoor use. Their resistance to water, frost, and fading makes them a durable option for patios, balconies, and pool decks.

What is the lifespan of vitrified tiles?

Due to their high durability and resistance to wear, vitrified tiles have a very long lifespan, often lasting for decades with proper installation and maintenance. Their color and design are consistent throughout the body or a significant layer, preventing them from wearing off easily.

How do you clean and maintain vitrified tiles?

Maintaining vitrified tiles is straightforward. Regular sweeping or vacuuming followed by mopping with a pH-neutral cleaner and water is usually sufficient. Their non-porous surface prevents dirt and spills from penetrating, making them easy to wipe clean. Avoid using abrasive cleaners that could scratch polished surfaces.

Citius Research has developed a research report titled “Vitrified Decorative Tile Market Report - Global Industry Analysis, Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2024 - 2030” delivering key insights regarding business intelligence and providing concrete business strategies to clients in the form of a detailed syndicated report. The report details out the factors such as business environment, industry trend, growth opportunities, competition, pricing, global and regional market analysis, and other market related factors.

Details included in the report for the years 2024 through 2030

• Vitrified Decorative Tile Market Potential
• Segment-wise breakup
• Compounded annual growth rate (CAGR) for the next 6 years
• Key customers and their preferences
• Market share of major players and their competitive strength
• Existing competition in the market
• Price trend analysis
• Key trend analysis
• Market entry strategies
• Market opportunity insights

The report focuses on the drivers, restraints, opportunities, and challenges in the market based on various factors geographically. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report. The Vitrified Decorative Tile Market report is segmented on the basis of various market segments and their analysis, both in terms of value and volume, for each region for the period under consideration.

Vitrified Decorative Tile Market Segmentation

Market Segmentation

Regions Covered

• North America
• Latin America
• Europe
• MENA
• Asia Pacific
• Sub-Saharan Africa and
• Australasia

Vitrified Decorative Tile Market Analysis

The report covers below mentioned analysis, but is not limited to:

• Overview of Vitrified Decorative Tile Market
• Research Methodology
• Executive Summary
• Market Dynamics of Vitrified Decorative Tile Market
  • Driving Factors
  • Restraints
  • Opportunities
• Global Market Status and Forecast by Segment A
• Global Market Status and Forecast by Segment B
• Global Market Status and Forecast by Segment C
• Global Market Status and Forecast by Regions
• Upstream and Downstream Market Analysis of Vitrified Decorative Tile Market
• Cost and Gross Margin Analysis of Vitrified Decorative Tile Market
• Vitrified Decorative Tile Market Report - Global Industry Analysis, Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2024 - 2030
  • Competition Landscape
  • Market Share of Major Players
• Key Recommendations

The “Vitrified Decorative Tile Market Report - Global Industry Analysis, Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2024 - 2030” report helps the clients to take business decisions and to understand strategies of major players in the industry. The report delivers the market driven results supported by a mix of primary and secondary research. The report provides the results triangulated through authentic sources and upon conducting thorough primary interviews with the industry experts. The report includes the results on the areas where the client can focus and create point of parity and develop a competitive edge, based on real-time data results.

Vitrified Decorative Tile Market Key Stakeholders

Below are the key stakeholders for the Vitrified Decorative Tile Market:

• Manufacturers
• Distributors/Traders/Wholesalers
• Material/Component Manufacturers
• Industry Associations
• Downstream vendors

Vitrified Decorative Tile Market Report Scope

Report AttributeDetails
Base year2023
Historical data2018 – 2023
Forecast2024 - 2030
CAGR2024 - 2030
Quantitative UnitsValue (USD Million)
Report coverageRevenue Forecast, Competitive Landscape, Growth Factors, Trends and Strategies. Customized report options available on request
Segments coveredProduct type, technology, application, geography
Regions coveredNorth America, Latin America, Europe, MENA, Asia Pacific, Sub-Saharan Africa and Australasia
Countries coveredUS, UK, China, Japan, Germany, India, France, Brazil, Italy, Canada, Russia, South Korea, Australia, Spain, Mexico and others
Customization scopeAvailable on request
PricingVarious purchase options available as per your research needs. Discounts available on request

COVID-19 Impact Analysis

Like most other markets, the outbreak of COVID-19 had an unfavorable impact on the Vitrified Decorative Tile Market worldwide. This report discusses in detail the disruptions experienced by the market, the impact on flow of raw materials, manufacturing operations, production trends, consumer demand and the projected future of this market post pandemic.

The report has helped our clients:

• To describe and forecast the Vitrified Decorative Tile Market size, on the basis of various segmentations and geography, in terms of value and volume
• To measure the changing needs of customers/industries
• To provide detailed information regarding the drivers, restraints, opportunities, and challenges influencing the growth of the market
• To gain competitive intelligence and uncover new opportunities
• To analyse opportunities in the market for stakeholders by identifying high-growth segments in Vitrified Decorative Tile Market
• To strategically profile key players and provide details of the current competitive landscape
• To analyse strategic approaches adopted by players in the market, such as product launches and developments, acquisitions, collaborations, contracts, expansions, and partnerships

Report Customization

Citius Research provides free customization of reports as per your need. This report can be personalized to meet your requirements. Get in touch with our sales team, who will guarantee you to get a report that suits your necessities.

Customize This Report

Frequently Asked Questions

The Global Vitrified Decorative Tile Market size was valued at $XX billion in 2023 and is anticipated to reach $XX billion by 2030 growing at a CAGR of XX%
The global Vitrified Decorative Tile Market is expected to grow at a CAGR of XX% from 2023 to 2030.
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Table of Contents

Chapter 1. Introduction
  1.1. Market Scope
  1.2. Key Segmentations
  1.3. Research Objective
Chapter 2. Research Methodology & Assumptions
Chapter 3. Executive Summary
Chapter 4. Market Background
  4.1. Dynamics
    4.1.1. Drivers
    4.1.2. Restraints
    4.1.3. Opportunity
    4.1.4. Challenges
  4.2. Key Trends in the Impacting the Market
    4.2.1. Demand & Supply
  4.3. Industry SWOT Analysis
  4.4. Porter’s Five Forces Analysis
  4.5. Value and Supply Chain Analysis
  4.6. Macro-Economic Factors
  4.7. COVID-19 Impact Analysis
    4.7.1. Global and Regional Assessment
  4.8. Profit Margin Analysis
  4.9. Trade Analysis
    4.9.1. Importing Countries
    4.9.2. Exporting Countries
  4.10. Market Entry Strategies
  4.11. Market Assessment (US$ Mn and Units)
Chapter 5. Global Vitrified Decorative Tile Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Segment A
  5.1. By Segment A, 2024 - 2030
    5.1.1. Sub-Segment A
    5.1.2. Sub-Segment B
  5.2. Opportunity Analysis
Chapter 6. Global Vitrified Decorative Tile Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Segment B
  6.1. By Segment B, 2024 - 2030
    6.1.1. Sub-Segment A
    6.1.2. Sub-Segment B
  6.2. Opportunity Analysis
Chapter 7. Global Vitrified Decorative Tile Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Segment C
  7.1. By Segment C, 2024 - 2030
    7.1.1. Sub-Segment A
    7.1.2. Sub-Segment B
  7.2. Opportunity Analysis
Chapter 8. Global Vitrified Decorative Tile Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Region
  8.1. By Region, 2024 - 2030
    8.1.1. North America
    8.1.2. Latin America
    8.1.3. Europe
    8.1.4. MENA
    8.1.5. Asia Pacific
    8.1.6. Sub-Saharan Africa
    8.1.7. Australasia
  8.2. Opportunity Analysis
Chapter 9. North America Vitrified Decorative Tile Market Forecast and Trend Analysis
  9.1. Regional Overview
  9.2. Pricing Analysis
  9.3. Key Trends in the Region
    9.3.1. Supply and Demand
  9.4. Demographic Structure
  9.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    9.5.1. Sub-Segment A
    9.5.2. Sub-Segment B
  9.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    9.6.1. Sub-Segment A
    9.6.2. Sub-Segment B
  9.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    9.7.1. Sub-Segment A
    9.7.2. Sub-Segment B
  9.8. By Country, 2024 - 2030, (US$ Mn and Units)
    9.8.1. U.S.
    9.8.2. Canada
    9.8.3. Rest of North America
  9.9. Opportunity Analysis
Chapter 10. Latin America Vitrified Decorative Tile Market Forecast and Trend Analysis
  10.1. Regional Overview
  10.2. Pricing Analysis
  10.3. Key Trends in the Region
    10.3.1. Supply and Demand
  10.4. Demographic Structure
  10.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    10.5.1. Sub-Segment A
    10.5.2. Sub-Segment B
  10.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    10.6.1. Sub-Segment A
    10.6.2. Sub-Segment B
  10.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    10.7.1. Sub-Segment A
    10.7.2. Sub-Segment B
  10.8. By Country, 2024 - 2030, (US$ Mn and Units)
    10.8.1. Brazil
    10.8.2. Argentina
    10.8.3. Rest of Latin America
  10.9. Opportunity Analysis
Chapter 11. Europe Vitrified Decorative Tile Market Forecast and Trend Analysis
  11.1. Regional Overview
  11.2. Pricing Analysis
  11.3. Key Trends in the Region
    11.3.1. Supply and Demand
  11.4. Demographic Structure
  11.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    11.5.1. Sub-Segment A
    11.5.2. Sub-Segment B
  11.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    11.6.1. Sub-Segment A
    11.6.2. Sub-Segment B
  11.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    11.7.1. Sub-Segment A
    11.7.2. Sub-Segment B
  11.8. By Country, 2024 - 2030, (US$ Mn and Units)
    11.8.1. UK
    11.8.2. Germany
    11.8.3. France
    11.8.4. Spain
    11.8.5. Rest of Europe
  11.9. Opportunity Analysis
Chapter 12. MENA Vitrified Decorative Tile Market Forecast and Trend Analysis
  12.1. Regional Overview
  12.2. Pricing Analysis
  12.3. Key Trends in the Region
    12.3.1. Supply and Demand
  12.4. Demographic Structure
  12.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    12.5.1. Sub-Segment A
    12.5.2. Sub-Segment B
  12.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    12.6.1. Sub-Segment A
    12.6.2. Sub-Segment B
  12.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    12.7.1. Sub-Segment A
    12.7.2. Sub-Segment B
  12.8. By Country, 2024 - 2030, (US$ Mn and Units)
    12.8.1. Egypt
    12.8.2. Algeria
    12.8.3. GCC
    12.8.4. Rest of MENA
  12.9. Opportunity Analysis
Chapter 13. Asia Pacific Vitrified Decorative Tile Market Forecast and Trend Analysis
  13.1. Regional Overview
  13.2. Pricing Analysis
  13.3. Key Trends in the Region
    13.3.1. Supply and Demand
  13.4. Demographic Structure
  13.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    13.5.1. Sub-Segment A
    13.5.2. Sub-Segment B
  13.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    13.6.1. Sub-Segment A
    13.6.2. Sub-Segment B
  13.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    13.7.1. Sub-Segment A
    13.7.2. Sub-Segment B
  13.8. By Country, 2024 - 2030, (US$ Mn and Units)
    13.8.1. India
    13.8.2. China
    13.8.3. Japan
    13.8.4. ASEAN
    13.8.5. Rest of Asia Pacific
  13.9. Opportunity Analysis
Chapter 14. Sub-Saharan Africa Vitrified Decorative Tile Market Forecast and Trend Analysis
  14.1. Regional Overview
  14.2. Pricing Analysis
  14.3. Key Trends in the Region
    14.3.1. Supply and Demand
  14.4. Demographic Structure
  14.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    14.5.1. Sub-Segment A
    14.5.2. Sub-Segment B
  14.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    14.6.1. Sub-Segment A
    14.6.2. Sub-Segment B
  14.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    14.7.1. Sub-Segment A
    14.7.2. Sub-Segment B
  14.8. By Country, 2024 - 2030, (US$ Mn and Units)
    14.8.1. Ethiopia
    14.8.2. Nigeria
    14.8.3. Rest of Sub-Saharan Africa
  14.9. Opportunity Analysis
Chapter 15. Australasia Vitrified Decorative Tile Market Forecast and Trend Analysis
  15.1. Regional Overview
  15.2. Pricing Analysis
  15.3. Key Trends in the Region
    15.3.1. Supply and Demand
  15.4. Demographic Structure
  15.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    15.5.1. Sub-Segment A
    15.5.2. Sub-Segment B
  15.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    15.6.1. Sub-Segment A
    15.6.2. Sub-Segment B
  15.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    15.7.1. Sub-Segment A
    15.7.2. Sub-Segment B
  15.8. By Country, 2024 - 2030, (US$ Mn and Units)
    15.8.1. Australia
    15.8.2. New Zealand
    15.8.3. Rest of Australasia
  15.9. Opportunity Analysis
Chapter 16. Competition Analysis
  16.1. Competitive Benchmarking
    16.1.1. Top Player’s Market Share
    16.1.2. Price and Product Comparison
  16.2. Company Profiles
    16.2.1. Company A
      16.2.1.1. Company Overview
      16.2.1.2. Segmental Revenue
      16.2.1.3. Product Portfolio
      16.2.1.4. Key Developments
      16.2.1.5. Strategic Outlook
    16.2.2. Company B
      16.2.2.1. Company Overview
      16.2.2.2. Segmental Revenue
      16.2.2.3. Product Portfolio
      16.2.2.4. Key Developments
      16.2.2.5. Strategic Outlook
    16.2.3. Company C
      16.2.3.1. Company Overview
      16.2.3.2. Segmental Revenue
      16.2.3.3. Product Portfolio
      16.2.3.4. Key Developments
      16.2.3.5. Strategic Outlook
    16.2.4. Company D
      16.2.4.1. Company Overview
      16.2.4.2. Segmental Revenue
      16.2.4.3. Product Portfolio
      16.2.4.4. Key Developments
      16.2.4.5. Strategic Outlook
    16.2.5. Company E
      16.2.5.1. Company Overview
      16.2.5.2. Segmental Revenue
      16.2.5.3. Product Portfolio
      16.2.5.4. Key Developments
      16.2.5.5. Strategic Outlook
    16.2.6. Company F
      16.2.6.1. Company Overview
      16.2.6.2. Segmental Revenue
      16.2.6.3. Product Portfolio
      16.2.6.4. Key Developments
      16.2.6.5. Strategic Outlook
    16.2.7. Company G
      16.2.7.1. Company Overview
      16.2.7.2. Segmental Revenue
      16.2.7.3. Product Portfolio
      16.2.7.4. Key Developments
      16.2.7.5. Strategic Outlook
    16.2.8. Company H
      16.2.8.1. Company Overview
      16.2.8.2. Segmental Revenue
      16.2.8.3. Product Portfolio
      16.2.8.4. Key Developments
      16.2.8.5. Strategic Outlook
    16.2.9. Company I
      16.2.9.1. Company Overview
      16.2.9.2. Segmental Revenue
      16.2.9.3. Product Portfolio
      16.2.9.4. Key Developments
      16.2.9.5. Strategic Outlook
    16.2.10. Company J
      16.2.10.1. Company Overview
      16.2.10.2. Segmental Revenue
      16.2.10.3. Product Portfolio
      16.2.10.4. Key Developments
      16.2.10.5. Strategic Outlook
Chapter 17. Go-To-Market Strategy

Research Methodology

We follow a robust research methodology to analyze the market in order to provide our clients with qualitative and quantitative analysis which has a very low or negligible deviance. Extensive secondary research supported by primary data collection methods help us to thoroughly understand and gauge the market. We incorporate both top-down and bottom-up approach for estimating the market. The below mentioned methods are then adopted to triangulate and validate the market.

Secondary data collection and interpretation

Secondary research includes sources such as published books, articles in journals, news media and published businesses, government and international body publications, and associations. Sources also include paid databases such as Hoovers, Thomson Reuters, Passport and others. Data derived through secondary sources is further validated through primary sources. The secondary sources also include major manufacturers mapped on the basis of revenues, product portfolios, and sales channels.

Primary data collection

Primary data collection methods include conducting interviews with industry experts and various stakeholders across the supply chain, such as raw material suppliers, manufacturers, product distributors and customers. The interviews are either telephonic or face-to-face, or even a combination of both. Prevailing trends in the industry are gathered by conducting surveys. Primary interviews also help us to understand the market drivers, restraints and opportunities, along with the challenges in the market. This method helps us in validating the data gathered through secondary sources, further triangulating the data and developing it through our statistical tools. We generally conduct interviews with -

  • CEOs, Directors, and VPs
  • Sales and Marketing Managers
  • Plant Heads and Manufacturing Department Heads
  • Product Specialists

Supply Side and Demand Side Data Collection

Supply side analysis is based on the data collected from the manufacturers and the product providers in terms of their segmental revenues. Secondary sources for this type of analysis include company annual reports and publications, associations and organisations, government publications and others.

Demand side analysis is based upon the consumer insights who are the end users of the particular product in question. They could be an individual user or an organisation. Such data is gathered through consumer surveys and focused group interviews.

Market Engineering

As a primary step, in order to develop the market numbers we follow a vigorous methodology that includes studying the parent market of the niche product and understanding the industry trends, acceptance among customers of the product, challenges, future growth, and others, followed by further breaking down the market under consideration into various segments and sub-markets. Additionally, in order to cross-validate the market, we also determine the top players in the market, along with their segmental revenues for the said market. Our secondary sources help us to validate the market share of the top players. Using both the qualitative and quantitative analysis of all the possible factors helps us determine the market numbers which are inclined towards accuracy.

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