Indian industry overview
While the international floorings market is estimated to be around USD 150 billion, the Indian flooring market is unbosom relatively nascent. The penetration of pucca floorings in India is still low when compared to the world average. The growth in pucca floorings (marble, granite, ceramic, vitrified tiles) has been support by the commercial, residential construction in fit fewer years. In addition to the above, laminate, wood and vinyl flooring has been exploitation at a much rapid pace, eating into the dispense of stiff flooring and carpets. The flooring industry is dominated by the traditional products such as marble and mosaic, however during the last few years, new flooring options such as laminate and hard wood flooring have found acceptance.
The flooring industry in India is un nonionic with the exception of the ceramic tile firmament which has been growing at a consistent rate over the last few years and has also seen the entry of organized corporate players.
The Indian ceramic tile industry is estimated to be around INR18 billion(FY12) in size by market range and has been growing at a healthy rate of 15% per annum. The production during 2011-12 stood at around 600 million square meters.
brand-new products such as vitrified and porcelain tiles account for 50% of the sum total sales by value in this industry.(care ratings report)
Indian carpet industry
Structure of the industry
Competitive Environment
Key growth drivers
Growing urbanization: Demand for flooring would increase with the growing urbanization. By 2030, India go away have 68 cities with a population of over 1mn, up from 42 at present. Also as population crosswise cities increase in office space and complexes will work rise to higher demands for flooring. Commercial space demand crosswise major cities is estimated to be 160 million sq ft. over the succeeding(a) 4 years.(annual report and cables and wires)
Developing infrastructure: Growth in sectors such as retail,...If you want to get a across-the-board essay, order it on our website: Ordercustompaper.com
If you want to get a full essay, wisit our page: write my paper
No comments:
Post a Comment