Intensifying Competition Compels Leading Ceramic Tiles Manufacturers to Develop Deeper Distribution Channels, TMR
As the competition in the global ceramic tiles market intensifies, leading manufacturers have aggressively taken up the introduction of new designs and development of their distribution channels, finds a new report by Transparency Market Research (TMR). The market demonstrates a highly fragmented competitive landscape, with top five players collectively holding just about 8% of the overall market. With the robust economic rise, rapid urbanization has taken over significantly across the world. Most widely influenced by this trend are emerging economies in Asia Pacific, the effect of which can be seen in the increased renovation of old constructions as well as new construction activities in these regions. China, India, and several other ASEAN nations are leading this trend with increased commercial construction activities, resulting in a high demand for ceramic tiles. Residential construction undertakings are also a showing significant rise, increasing the consumptio...