Ceramic Tiles Market in the UAE 2015-2019
About Ceramic Tiles
Ceramic tiles are made from a mixture of sand, clay, and other natural products. They are manufactured by molding the raw materials into the required shape and design, followed by heating at a high temperature in a kiln. These tiles are available in many designs and variants, and hence are suitable for indoors and outdoors. Their aesthetics makes them suitable for floor coverings and other decorative uses.A significant increase in construction activities in the UAE is providing an impetus to the ceramic tiles market in the UAE. Commercial and infrastructure construction projects related to the Dubai Expo 2020 will lead to the demand for ceramic tiles in the country during the forecast period.
Technavio's analysts forecast the ceramic tiles market in the UAE to grow at a CAGR of 9.24 % over the period 2014-2019.
Covered in this Report
This report presents the current scenario and the growth prospects of the ceramic tiles market in the UAE for the period 2015-2019. The market size is calculated based on the historical and current production of ceramic tiles in the UAE. The performance of the market is analyzed with the help of the predicted CAGR after the market analysis. We provide a detailed analysis of the four key vendors in the market. We also discuss market growth drivers, the challenges faced by vendors and the market as a whole, as well as the key emerging trends.
Technavio's report, Ceramic Tiles Market in the UAE 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market.
Technavio Announces the Publication of its Research Report – Ceramic Tiles Market in the UAE 2015-2019
Technavio recognizes the following companies as the key players in the Ceramic Tiles Market in the UAE: Emirates Ceramics, Granitto Al Khaleej Ceramics and RAK Ceramics
Other Prominent Vendors in the market are: Al Anwar Ceramic, Aljawdah Ceramics, Al Maha Ceramics and Saudi Ceramic
Commenting on the report, an analyst from Technavio’s team said: “Demand for ceramic tiles used by construction contractors is increasing gradually. However, the market is largely dominated by international vendors, especially from China and Europe. Domestic vendors are putting in huge effort to form a firm foothold in the market. Though RAK Ceramics, which is the largest supplier of ceramic tiles in the world, is situated in the UAE, it is unable to fulfill domestic demand. The majority of the tiles manufactured by the company are exported worldwide. However, at present, the amount of tiles exported is gradually decreasing. Vendors are focusing on fulfilling domestic demand on priority and domestic construction contractors are also opting for these tiles. Thus, import of tiles is also receding.”
According to the report, the population of the UAE is rapidly increasing and is expected to reach 11 million by 2020. This increase in population is creating demand for residential, commercial, and infrastructure development in the country. Construction of large-scale infrastructure development projects such as airports, railways, highways, and mass transit systems is expected to increase during the forecast period to cater to the needs of the growing population. This is expected to create market opportunities for ceramic tiles, primarily in residential and commercial buildings, since ceramic tiles are durable, easy to maintain, and economically priced compared to marble and granite floorings.
Further, the report states that availability of low-cost imported tiles is negatively impacting the profit margins of domestic ceramic tiles manufacturers.
Emirates Ceramics, Granitto Al Khaleej Ceramics, RAK Ceramics, Al Anwar Ceramic, Aljawdah Ceramics, Al Maha Ceramics, Saudi Ceramic