Industry Overview

Flooring perseverance TP report Indian industry overview musical composition the international take abacks grocery store is estimated to be around USD 150 billion, the Indian take aback 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, alter tiles) has been support by the commercial, residential construction in sound fewer years. In addition to the above, laminate, wood and vinyl flooring has been exploitation at a much rapid pace, ingest into the dispense of stiff flooring and carpets. The flooring industry is henpecked by the traditional products such(prenominal) as marble and mosaic, and 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 cons istent say over the last few years and has also seen the launching of organized corpo locate 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 straightforward 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 rivalrous Environment Key growth drivers Growing urbanization: pick u p for flooring would increase with the growi! ng urbanization. By 2030, India go forward have 68 cities with a population of over 1mn, up from 42 at present. Also as population transverse cities increase in office space and complexes will take rise to higher demands for flooring. Commercial space demand transversal 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, effect it on our website: OrderCustomPaper.com

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