Product Code: ETC022307 | Publication Date: Jul 2023 | Updated Date: Jan 2024 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
The Singapore ceramic wall and floor tile market is expected to take off in the coming years. The rising industrialization, urbanization, and renovation projects are anticipated to drive this growth. Growing spending power among consumers has also been observed as a significant factor for driving market growth. Moreover, technological advancements such as digital printing technology have improved product quality, thereby attracting more customers. Furthermore, with an increase in disposable income of citizens and rise in focus towards aestheticism by homeowners have pushed up the demand for ceramic tiles across residential spaces in Singapore.
Increasing Spending Power Among Consumers: With an increase in disposable income of citizens coupled with higher investments on home d?cor items is pushing the demand for high-end ceramics tile products across residential spaces throughout Singapore over the past few years.Technological Advancements: Over the past few years there has been an influx of innovative technologies such as digital printing technology which offers better designing possibilities to enhance overall product aesthetics coupled with durability resulting into increased sales rate within the country during forecast period.Industrialization & Urbanization: The increasing number of infrastructural development projects along with initiatives taken by government bodies towards boosting commercial constructions activities are further propelling demand for ceramic wall & floor tiles while encouraging vendors to come up with new designs catering specific customer requirements.
Volatile Raw Material Prices : Fluctuations in prices of raw materials used for manufacturing ceramic wall & floor tiles affects profit margins significantly thus affecting industry profitability negatively accompanied by low production output, directly impacting revenue generation over short term period.??? Intense Competition from Substitutes : Strong competition prevailing from substitutes like natural stone, vinyl, rubber ETC, limits potential opportunities available within industry leading players towards capitalizing on them while intensifying price wars among existing competitors.
Some key players operating within industry include Kajaria Ceramics Ltd., RAK Ceramics Co LLC., Mohawk Industries Inc., Crossville Inc., Mirage Group SRL.
The Covid-19 pandemic has had a significant impact on all segments including construction/renovation sector where use of ceramic wall & floor tiles is highest hence declining its overall sales revenues drastically since last year 2020 due to economic disruption caused due to outbreak followed by lockdown restrictions imposed majorly hindering business operations significantly till date.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Singapore Ceramic Wall and Floor Tile Market Overview |
3.1 Singapore Country Macro Economic Indicators |
3.2 Singapore Ceramic Wall and Floor Tile Market Revenues & Volume, 2020 & 2030F |
3.3 Singapore Ceramic Wall and Floor Tile Market - Industry Life Cycle |
3.4 Singapore Ceramic Wall and Floor Tile Market - Porter's Five Forces |
3.5 Singapore Ceramic Wall and Floor Tile Market Revenues & Volume Share, By Product Type, 2020 & 2030F |
3.6 Singapore Ceramic Wall and Floor Tile Market Revenues & Volume Share, By Raw Material, 2020 & 2030F |
3.7 Singapore Ceramic Wall and Floor Tile Market Revenues & Volume Share, By Application, 2020 & 2030F |
4 Singapore Ceramic Wall and Floor Tile Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Singapore Ceramic Wall and Floor Tile Market Trends |
6 Singapore Ceramic Wall and Floor Tile Market, By Types |
6.1 Singapore Ceramic Wall and Floor Tile Market, By Product Type |
6.1.1 Overview and Analysis |
6.1.2 Singapore Ceramic Wall and Floor Tile Market Revenues & Volume, By Product Type, 2020-2030F |
6.1.3 Singapore Ceramic Wall and Floor Tile Market Revenues & Volume, By Wall Tile, 2020-2030F |
6.1.4 Singapore Ceramic Wall and Floor Tile Market Revenues & Volume, By Floor Tile, 2020-2030F |
6.2 Singapore Ceramic Wall and Floor Tile Market, By Raw Material |
6.2.1 Overview and Analysis |
6.2.2 Singapore Ceramic Wall and Floor Tile Market Revenues & Volume, By Feldspar, 2020-2030F |
6.2.3 Singapore Ceramic Wall and Floor Tile Market Revenues & Volume, By Kaolin, 2020-2030F |
6.2.4 Singapore Ceramic Wall and Floor Tile Market Revenues & Volume, By Bentonite, 2020-2030F |
6.2.5 Singapore Ceramic Wall and Floor Tile Market Revenues & Volume, By Silica Sand, 2020-2030F |
6.3 Singapore Ceramic Wall and Floor Tile Market, By Application |
6.3.1 Overview and Analysis |
6.3.2 Singapore Ceramic Wall and Floor Tile Market Revenues & Volume, By Residential Replacement, 2020-2030F |
6.3.3 Singapore Ceramic Wall and Floor Tile Market Revenues & Volume, By New Residential, 2020-2030F |
6.3.4 Singapore Ceramic Wall and Floor Tile Market Revenues & Volume, By Commercial, 2020-2030F |
6.3.5 Singapore Ceramic Wall and Floor Tile Market Revenues & Volume, By Others, 2020-2030F |
7 Singapore Ceramic Wall and Floor Tile Market Import-Export Trade Statistics |
7.1 Singapore Ceramic Wall and Floor Tile Market Export to Major Countries |
7.2 Singapore Ceramic Wall and Floor Tile Market Imports from Major Countries |
8 Singapore Ceramic Wall and Floor Tile Market Key Performance Indicators |
9 Singapore Ceramic Wall and Floor Tile Market - Opportunity Assessment |
9.1 Singapore Ceramic Wall and Floor Tile Market Opportunity Assessment, By Product Type, 2020 & 2030F |
9.2 Singapore Ceramic Wall and Floor Tile Market Opportunity Assessment, By Raw Material, 2020 & 2030F |
9.3 Singapore Ceramic Wall and Floor Tile Market Opportunity Assessment, By Application, 2020 & 2030F |
10 Singapore Ceramic Wall and Floor Tile Market - Competitive Landscape |
10.1 Singapore Ceramic Wall and Floor Tile Market Revenue Share, By Companies, 2023 |
10.2 Singapore Ceramic Wall and Floor Tile Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |