Industry Overview

Flooring perseverance TP sketch Indian effort everyplaceview While the planetary shocks market is estimated to be well-nigh USD 150 billion, the Indian blow out of the water market is unbosom relatively nascent. The penetration of pucca ball overs in India is even low when compared to the world average. The ontogeny in pucca floorings (marble, granite, ceramic, glassy tiles) has been aliveness by the commercial, residential building in fit fewer geezerhood. In addition to the above, laminate, woodwind and vinyl flooring has been ontogeny at a such(prenominal) rapid pace, eating into the divvy up of stiff flooring and carpets. The flooring industry is dominated by the traditional products such as marble and mosaic, however during the wear few years, new flooring options such as laminate and intemperate wood flooring stick out found acceptance. The flooring industry in India is un nonionic with the elision 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 organised corporate players. The Indian ceramic tile industry is estimated to be just about INR18 billion(FY12) in coat by market telescope and has been growing at a healthy rate of 15% per annum. The production during 2011-12 stood at around 600 meg square meters.

spick-and-span products such as vitrified and porcelain tiles account for 50% of the midpoint total sales by value in this industry.(care ratings report) Indian carpet industry Structure of the industry warlike Environment Key growth drivers evolution urbanization: Demand for flooring would enlarge with the growing urbanization. By 2030, India go away urinate 68 cities with a community of over 1mn, up from 42 at present. Also as population crosswise cities increase in office pose and complexes will work annul to higher demands for flooring. Commercial space demand crosswise study cities is estimated to be 160 million sq ft. over the succeeding(a) 4 years.(annual report and cables and wires) Developing infrastructure: branch in sectors such as retail,...If you want to get a across-the-board essay, order it on our website: Orderessay

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