Mosaic Tile Market to grow by USD 8,137.66 million from 2022 to 2027

Mar 02, 2024

NEW YORK, July 19, 2023 /PRNewswire/ -- The mosaic tile market size is estimated to increase by USD 8,137.66 million from 2022 to 2027. The market's growth momentum will progress at a CAGR of 6.05%. Discover some insights on market size historic period (2017 to 2021) and Forecast (2023 to 2027) before buying the full report -Request a sample report

Global Mosaic tile market – Vendor AnalysisVendor Landscape - The global mosaic tile market is fragmented, with the presence of several global as well as regional vendors. A few prominent vendors that offer mosaic tile in the market are ABK Group Industrie Ceramiche Spa, Casalgrande Padana Spa, Ceramiche Atlas Concorde Spa, CERAMICHE CAESAR Spa, Cooperativa Ceramica dImola SC, FLORIM S.P.A. SB, GranitiFiandre Spa, Grupo Lamosa SAB de CV, Guangdong Jiamei Ceramics Co. Ltd., Hangzhou Nobel Ceramics Co. Ltd., INDUSTRIE CERAMICHE PIEMME Spa, Interceramic Inc., Kajaria Ceramics Ltd., Mohawk Industries Inc., Pamesa Ceramica Compactto SLU, Panariagroup Industrie Ceramiche S.p.A., PBG S.A., RAK Ceramics PJSC, SCG Ceramics Public Co. Ltd., and Victoria Plc and others.

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Vendor Offerings -

Cooperativa Ceramica dImola SC - The company offers mosaic tile through its brand Imola.

Casalgrande Padana Spa - The company offers mosaic tiles such as Casalgrande Padana nature mosaic tiles.

Ceramiche Atlas Concorde Spa - The company offers mosaic tiles such as Venti boost porcelain tiles.

For details on the vendor and its offerings – Request a sample report

Mosaic Tile Market - Segmentation Assessment

Segment OverviewTechnavio has segmented the market based on end-user (Non-residential and Residential), type (Mosaic floor tiles, Mosaic wall tiles, and Others), and geography (APAC, North America, Europe, South America, and Middle East and Africa).

The market share growth by the non-residential segment will be significant during the forecast period. Mosaic tiles are widely utilized in various commercial buildings such as offices, hospitals, educational institutions, retail stores, and malls. Since these commercial spaces are typically rented, permanent modifications to the building by tenants are not feasible. The demand for mosaic tiles, particularly for interior applications in commercial buildings, is particularly high in developing countries like India. As a result, the growth of the commercial building construction sector in these countries will drive the overall growth of the global mosaic tile market during the forecast period. In India, the rapid expansion of service sectors such as information technology (IT) and telecommunications, coupled with the outsourcing of services by multinational businesses, has led to increased demand for office spaces in metropolitan cities. Consequently, India has emerged as a preferred destination for commercial real estate investments, with significant investments being made in office and retail spaces, as well as the hospitality sector. These factors are expected to contribute to the growth of the market during the forecast period.

Geography OverviewBy geography, the global mosaic tile market is segmented into APAC, North America, Europe, South America, and the Middle East and Africa. The report provides actionable insights and estimates the contribution of all regions to the growth of the global mosaic tile market.

APAC is estimated to account for 37% of the global market during the forecast period. Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. In 2020, APAC emerged as the dominant region in the global mosaic tile market, primarily due to the surge in construction activities across the region. The construction industry in APAC is projected to experience significant growth throughout the forecast period. India and China play a crucial role in driving the construction market's revenue in the region. India's construction market is expected to become the world's third-largest by 2030, while the Chinese government plans to invest over USD 1 trillion in urban infrastructure projects by the same year. Additionally, the rising income levels of the middle-class population and rapid urbanization have led to a higher demand for both residential and non-residential buildings in these countries. This increased demand has fueled the growth of the regional market, as mosaic tiles are currently the most preferred choice in countries like India and China.

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Mosaic Tile Market – Market Dynamics

Key Mosaic Tile Market Driver

The booming flooring industry is a major factor notably driving market growth. Globally, the demand for floor coverings is on the rise, driven by increased infrastructural and construction activities. Mosaic tiles, known for their performance, cost-effectiveness, and versatility, are gaining popularity in the adoption of hard surface flooring. The global flooring market is anticipated to experience growth, supported by rising personal disposable income, enabling homeowners and businesses to afford higher-quality products. Mosaic tiles are preferred by consumers due to their stain and water resistance, eco-friendly properties, and durability. They excel in high humidity conditions and require easy maintenance, resulting in an extended service life. Additionally, the versatility of mosaic tiles allows them to be utilized in various interior and exterior applications. As the global flooring market is projected to exceed USD 382 billion by 2025, the demand for mosaic flooring is expected to follow suit. These factors will have a significant impact on the global market during the forecast period.

Significant Mosaic Tile Market Trend

The increased investment in the development of infrastructure is an emerging trend supporting market growth. The global construction industry is experiencing rapid growth, particularly in emerging countries like India, China, and Brazil. These countries are investing heavily in residential homes to cater to the increasing urbanization and the demand for better lifestyles and amenities. By the end of 2030, the global construction industry is projected to grow by more than 80%, with revenues surpassing USD 15 trillion. Mosaic materials find wide applications in commercial and industrial building projects, including mosaic tiles, bricks, roof tiles, pipes, sanitary ware, and fine art. These materials offer effective noise reduction and cost-efficiency compared to other alternatives. The escalating demand for infrastructure projects is expected to be a driving force behind the growth of the global market during the forecast period.

Major Mosaic Tile Market Challenge

The rising cost of raw materials is a major challenge hindering market growth. The manufacturing process of mosaic tiles requires a significant amount of energy, making it an energy-intensive process. The industry faces challenges related to power, gas, and transportation costs, which impact its overall operations. Ensuring a consistent and affordable supply of power and fuel is crucial for the growth of the mosaic tiles industry. Raw material prices, such as stone, porcelain, and glass, exhibit high volatility, posing additional challenges for manufacturers. Fluctuating raw material prices increase the capital investments required for manufacturing mosaic tiles, leading to instability in the supply chain. This volatility makes it challenging for manufacturers to sustain themselves in the competitive mosaic tile market. Consequently, the demand for mosaic tiles from the construction industry may be affected, thereby hindering the growth of the global market during the forecast period.

Drivers, Trends and challenges have an impact on market dynamics, which can impact businesses. Find more insights in a sample report!

What are the key data covered in this Mosaic Tile Market report?

CAGR of the market during the forecast period

Detailed information on factors that will drive the growth of the mosaic tile market between 2023 and 2027

Precise estimation of the mosaic tile market size and its contribution to the market in focus on the parent market

Accurate predictions about upcoming trends and changes in consumer behavior

Growth of the mosaic tile market across APAC, North America, Europe, South America, and the Middle East and Africa

A thorough analysis of the market's competitive landscape and detailed information about vendors

Comprehensive analysis of factors that will challenge the growth of mosaic tile market vendors

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Mosaic Tile Market Scope

Report Coverage

Details

Historic period

2017-2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 6.05%

Market growth 2023-2027

USD 8.137.66 million

Market structure

Fragmented

YoY growth 2022-2023 (%)

5.4

Regional analysis

APAC, North America, Europe, South America, and Middle East and Africa

Performing market contribution

APAC at 37%

Key countries

US, China, India, Germany, and UK

Competitive landscape

Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks

Key companies profiled

ABK Group Industrie Ceramiche Spa, Casalgrande Padana Spa, Ceramiche Atlas Concorde Spa, CERAMICHE CAESAR Spa, Cooperativa Ceramica dImola SC, FLORIM S.P.A. SB, GranitiFiandre Spa, Grupo Lamosa SAB de CV, Guangdong Jiamei Ceramics Co. Ltd., Hangzhou Nobel Ceramics Co. Ltd., INDUSTRIE CERAMICHE PIEMME Spa, Interceramic Inc., Kajaria Ceramics Ltd., Mohawk Industries Inc., Pamesa Ceramica Compactto SLU, Panariagroup Industrie Ceramiche S.p.A., PBG S.A., RAK Ceramics PJSC, SCG Ceramics Public Co. Ltd., and Victoria Plc

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Table of contents

1 Executive Summary

1.1 Market overview

2 Market Landscape

2.1 Market ecosystem

3 Market Sizing

3.1 Market definition

3.2 Market segment analysis

3.3 Market size 2022

3.4 Market outlook: Forecast for 2022-2027

4 Historic Market Size

4.1 Global mosaic tile market 2017 - 2021

4.2 Type Segment Analysis 2017 - 2021

4.3 End-user Segment Analysis 2017 - 2021

4.4 Geography Segment Analysis 2017 - 2021

4.5 Country Segment Analysis 2017 - 2021

5 Five Forces Analysis

5.1 Five forces summary

5.2 Bargaining power of buyers

5.3 Bargaining power of suppliers

5.4 Threat of new entrants

5.5 Threat of substitutes

5.6 Threat of rivalry

5.7 Market condition

6 Market Segmentation by End-user

6.1 Market segments

6.2 Comparison by End-user

6.3 Non-residential - Market size and forecast 2022-2027

6.4 Residential - Market size and forecast 2022-2027

6.5 Market opportunity by End-user

7 Market Segmentation by Type

7.1 Market segments

7.2 Comparison by Type

7.3 Mosaic floor tiles - Market size and forecast 2022-2027

7.4 Mosaic wall tiles - Market size and forecast 2022-2027

7.5 Others - Market size and forecast 2022-2027

7.6 Market opportunity by Type

8 Customer Landscape

8.1 Customer landscape overview

9 Geographic Landscape

9.1 Geographic segmentation

9.2 Geographic comparison

9.3 APAC - Market size and forecast 2022-2027

9.4 North America - Market size and forecast 2022-2027

9.5 Europe - Market size and forecast 2022-2027

9.6 South America - Market size and forecast 2022-2027

9.7 Middle East and Africa - Market size and forecast 2022-2027

9.8 China - Market size and forecast 2022-2027

9.9 US - Market size and forecast 2022-2027

9.10 Germany - Market size and forecast 2022-2027

9.11 India - Market size and forecast 2022-2027

9.12 UK - Market size and forecast 2022-2027

9.13 Market opportunity by geography

10 Drivers, Challenges, and Trends

10.1 Market drivers

10.2 Market challenges

10.3 Impact of drivers and challenges

10.4 Market trends

11 Vendor Landscape

11.1 Overview

11.2 Vendor landscape

11.3 Landscape disruption

11.4 Industry risks

12 Vendor Analysis

12.1 Vendors covered

12.2 Market positioning of vendors

12.3 Casalgrande Padana Spa

12.4 Ceramiche Atlas Concorde Spa

12.5 Cooperativa Ceramica dImola SC

12.6 FLORIM S.P.A. SB

12.7 GranitiFiandre Spa

12.8 Grupo Lamosa SAB de CV

12.9 Guangdong Jiamei Ceramics Co. Ltd.

12.10 Interceramic Inc.

12.11 Kajaria Ceramics Ltd.

12.12 Mohawk Industries Inc.

12.13 Pamesa Ceramica Compactto SLU

12.14 Panariagroup Industrie Ceramiche S.p.A.

12.15 RAK Ceramics PJSC

12.16 SCG Ceramics Public Co. Ltd.

12.17 Victoria Plc

13 Appendix

13.1 Scope of the report

13.2 Inclusions and exclusions checklist

13.3 Currency conversion rates for US$

13.4 Research methodology

13.5 List of abbreviations

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