The Indian floor covering industry has been passing through an exciting period, due to the influx of newer materials, technology, and specialized machinery. Project scales, especially with respect to industrial and commercial flooring, have increased dramatically in recent years.
- In India, the growth trends of the floor covering industry have been similar to those of other segments in the construction industry. Increasing emphasis on quality and adherence to strict deadlines, while at the same time sticking to the budget, are factors that are driving the trends in the flooring industry.
- The customer needs quality, functionality, and long-term performance, all at competitive prices. Thus, floors that are easy to clean and maintain, and offer excellent wear resistance are in demand.
- The healthy growth rate maintained by industrialization and the buoyant urban infrastructure scenario are factors that may help the growth of the market.
- Similarly, the increase in metro rail projects and the subsequent demand for quality flooring at metro stations are the emerging applications for the market. One of the trends in the Indian market has been the fact that the commercial flooring segment has been keeping up to the pace of growth of the industrial flooring market.
- The growth of the market is expected to increase in the near future. There are several policy initiatives that have the potential to propel the growth of the Indian floor covering market. India is emerging as a key global market for flooring products.
Scope of the Report
A complete background analysis of the Indian floor covering market, which includes an assessment of the parental market, emerging trends by segments and regional markets, and significant changes in market dynamics and market overview, is covered in the report.
Key Market Trends
Ceramic Tiles Segment
In India, ceramic tiles have become an integral part of home improvement. The Indian tile industry, despite an overall slowdown of the economy, continues to grow at a healthy growth rate. The key drivers for the ceramic tiles segment in India are the boom in the housing sector and the government policies supporting the growth of the housing sector. The boom in the retail sector of the Indian economy has also influenced the demand for higher-end products.
The Indian economy has significantly influenced the growth of the Indian ceramic tile industry. The industry also enjoys the unique distinction of being highly indigenous, with an abundance of raw materials, technical skills, and infrastructural facilities, despite being fairly capital intensive. As a foreign exchange earner or a global player, the Indian tile industry has captured the attention of the world in the ceramic tiles segment.
Industrial Revolution is One of the Growth Factors of the Industry
Flooring is one area in the construction industry that has been witnessing rapid changes over the past two decades. The advent of several new technologies and the increasing use of specialized machinery have meant that the field has changed beyond recognition, especially with reference to the industrial and commercial flooring segments. The industrial and commercial flooring segments have been maintaining a healthy pace of growth in the recent few years, with India emerging as a key market for new technologies.
The growth of the flooring industry in India is based on the fact that commercial flooring has been maintaining a corresponding growth curve to that of the industrial flooring market.
The report covers major international players operating in the Indian floor covering market. In terms of market share, some of the major players currently dominate the market. However, with technological advancement and product innovation, mid-size to smaller companies are increasing their market presence by securing new contracts and by tapping new markets.
Reasons to Purchase this report:
- The market estimate (ME) sheet in Excel format
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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
4.5 Porter's Five Forces Analysis
4.6 E-commerce Impact on the Market
4.7 Technological Innovations
5 MARKET SEGMENTATION
5.1 By Material
5.1.1 Carpet and Area Rugs
5.1.2 Non-Resilient Flooring
5.1.3 Wood Flooring
5.1.4 Ceramic Floor Tile
5.1.5 Laminate Flooring
5.1.6 Stone Flooring
5.1.7 Resilient Flooring
5.1.8 Vinylsheet and Floor Tile
5.1.9 Other Resilient Flooring
5.2 By Distribution Channel (Each distribution channel will include the top 4 metropolitan cities data which includes leading companies catering to the metro from the distribution channel spread and leading architects/designers)
5.2.2 Specialty Stores and Home Centers
5.2.3 Other Distribution Channels
5.3 By End-User
5.3.2 Residential Replacement
5.4 By Region
6 COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 Responsive Industries Ltd.
6.1.2 RMG Polyvinyl India Limited
6.1.4 Cengres Tiles Ltd
6.1.5 Mohawk Industries Inc.
6.1.6 Armstrong Flooring, Inc.
6.1.7 Marvel Vinyls Limited
6.1.8 Nitco Limited
6.1.9 OrientBell Limited
6.1.10 Welspun Flooring Ltd
6.1.11 Indiana International Corporation Flooring Pvt. Ltd.
6.1.12 Forbo Holding AG
6.1.13 Accord Floors
6.1.14 Oras Floorings
6.1.15 Somany Ceramics Limited
6.1.16 RAK Ceramics PJSC
6.1.17 Kajaria Ceramics Limited
6.1.18 Other domestic players, distributors, traders serving various international flooring manufacturers will be included
7 FUTURE OF THE MARKET
Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.
The market engineered data is verified and validated by a number of experts, both in-house and external.
REPORT WRITING/ PRESENTATION
After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.