Luxury Tiles Market is anticipated to reach around USD 95.46 billion by the end of 2027 – Credence Research

December 22 17:04 2021
Luxury Tiles Market is anticipated to reach around USD 95.46 billion by the end of 2027 - Credence Research
Luxury tiles market on global level has generated revenue worth USD 50.67 billion in 2020 with around 12.39% decline as compare to previous year. However, the global Luxury Tiles market is likely to recover with strong revival of construction activities and projected to reach over USD 95.46 billion by the end of 2027.

The Global Luxury Tiles Market generated revenue of around USD 50.67 billion in 2020 and is anticipated to grow at a CAGR of over 7.08% during the forecast period from 2021 to 2027 to reach around USD 95.46 billion in 2027. While, cumulative growth opportunity presented by the global Luxury Tiles is around USD 555 billion during 2021 to 2027.

Global Luxury Tiles Market, 2020 – 2027 (USD Million)

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Luxury Tiles is most important aspect of luxury real estate. Luxury Tiles play vary important role in offering aesthetic look to any construction. History of Luxury Tiles goes back to thousands of years. Luxury Vinyl Tiles are most widely accepted and used luxury tiles. Pattern and colors of Luxury Tiles vary from region to region and country to country. Current trend in one country might be outdated in another one. Luxury Tiles can be used for both residential as well as commercial building and can be applied for flooring, ceiling or walls.

Luxury Vinyl Tiles to Rule

Ceramic, Vinyl, Gypsum, Metal and Mineral Wool are some of the major types of luxury tiles used across the world. Among all, vinyl luxury tile held over 35% share in 2020. While, ceramic is another important type of tiles being widely used across the world. Ceramic tiles are widely being used for flooring application around the world.

Flooring to Dominate the Luxury Tiles Industry

Wall Tiles, Floor Tiles and Ceiling Tiles are major applications for luxury tiles. Although flooring is dominating the demand with over 50% share in 2020, the demand for luxury wall tiles is increasing at a rapid pace. Residential Construction and Commercial Construction are major end-user industries for the luxury tiles. Increasing infrastructure projects such as airports, railway station, shopping malls, etc. fueling the demand for luxury tile industry. While, residential construction activities has seen exponential growth over the past few years and hence the demand for luxury tiles is on the rise.

Europe is most influential region for the luxury tiles industry. Huge demand for luxury tiles in the region can be attributed to the ever increasing disposable income, high purchasing power parity and huge population of high net worth people.

Armstrong World Industries, Inc., Techno Ceiling Products, ROCKFON, Saint-Gobain S.A., Grenzebach BSH GmbH, Odenwald Faserplattenwerk GmbH, SAS International, USG Corporation, Knauf, New Ceiling Tiles, LLC, etc. are leading  manufacturers of luxury tiles.

Market Segmentation

Global Luxury Tiles Market by Type, 2015 – 2027

  • Ceramic
  • Vinyl
  • Gypsum
  • Metal
  • Mineral Wool
  • Other

Global Luxury Tiles Market by Application, 2015 – 2027

  • Wall Tiles
  • Floor Tiles
  • Ceiling Tiles

Global Luxury Tiles Market by End-user, 2015 – 2027

  • Residential Construction
  • Commercial Construction

Global Luxury Tiles Market by Company, 2015 – 2027

  • Armstrong World Industries, Inc.
  • Techno Ceiling Products
  • Saint-Gobain S.A.
  • Grenzebach BSH GmbH
  • Odenwald Faserplattenwerk GmbH
  • SAS International
  • USG Corporation
  • Knauf
  • New Ceiling Tiles, LLC
  • Beaulieu International Group N.V.
  • Congoleum Corporation
  • Daejin Co., Ltd
  • Gerflor Group
  • Parador GmbH
  • Raskin Industries LLC
  • Tarkett S.A.
  • Others

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