An Incisive, In-depth Analysis on the India Ceramic Sanitaryware Market
This study offers a comprehensive, 360 degree analysis on the India Ceramic Sanitaryware market, bringing to fore insights that can help stakeholders identify the opportunities as well as challenges. It tracks the global India Ceramic Sanitaryware market across key regions, and offers in-depth commentary and accurate quantitative insights. The study also includes incisive competitive landscape analysis, and provides key recommendations to market players on winning imperatives and successful strategies.
India ceramic sanitary ware market has witnessed a steady growth in the recent past, with total revenues expected to reach US$ 1,964.3 Mn in 2016. The India ceramic sanitary ware market is expected to register a CAGR of 10.3% in terms of value during the forecast period, 2016-2026. In volume terms, consumption of ceramic sanitary ware is expected to reach 28,013 thousand units by 2016-end.
Ceramic sanitary ware comprises those fixtures and components that are used for sanitation purpose. It includes a variety of products such as washbasins, water closets, bath tubs, faucets among others. Key characteristics of ceramic sanitary ware products include cost effectiveness, resistance to chemicals and scratches and easy maintenance. Moreover, availability in a gamut of colours and textures that cater to desired functional and aesthetic requirements of the end users renders them ideal for use across commercial and domestic applications.
Steady growth of the real estate sector in the recent past has engendered increased demand for ceramic sanitary ware. Also, government initiatives aimed at improving the sanitation levels across the country is another major factor anticipated to fuel the demand for ceramic sanitary ware in the country over forecast period. Furthermore, growth of the India ceramic sanitary ware market is expected to be driven by increasing per capita disposable income and rapid urbanisation across key states in the country. Improving standard of living, especially in urban regions of the country, is expected to positively influence the India ceramic sanitary ware market. The commercial sector, a significant consumer of ceramic sanitary ware, is expected to witness robust growth during the forecast period. However, slow growth rate of residential real estate sector during the initial phase of the forecast period is anticipated to be a main restraint for growth of the market. Moreover, relatively low replacement rate of bath fittings and allied products is expected to hinder the growth of India ceramic sanitary ware market during forecast period. Diversification of product portfolio and production capacity ramp ups so as to gain an edge over the competition are prominent trends in the market recently. Also, industry consolidation in order to reduce the operational expenses as well as to increase the profitability margin is another trend that is likely to be witnessed in the market in the years to come.
India Ceramic Sanitary Ware Market Taxonomy
India Ceramic Sanitary ware market is segmented as follows:
By Product type
By End user
By product type, India Ceramic Sanitary ware market is segmented into wash basins, water closets, cisterns, vanity basins and accessories. In terms of value, water closets segment is expected to dominate the India ceramic sanitary ware market during the forecast period. The water closets segment is sub-segmented as one piece, two piece, wall mounted, and EWC. Whereas the wash basins segment is further sub segmented as pedestal, half pedestal, wall hung, table top and under & over counters. Table top sub-segment is expected to register robust CAGR during the forecast period.
By end user, India ceramic sanitary ware market is segmented into residential and commercial. Residential segment is expected to dominate India ceramic sanitary ware market during the forecast period.
On the basis of region, India ceramic sanitary ware market is segmented into North, South, East and West. In terms market value, the east region is expected to witness an uptick in growth, registering a CAGR of 11.8% during 2016-2026.
Key players reported in this study on India Ceramic Sanitary ware market include Cera Sanitaryware Ltd, Hindustan Sanitaryware & Industries Limited (HSIL), Ras Al Khaimah (RAK) Ceramics India Pvt Ltd, Roca Sanitario, S.A., Toto Ltd, Duravit AG, Kajaria Ceramics Limited and Jaquar. Some of these key ceramic sanitary ware manufacturers are channelising efforts towards increasing their production capacities in order to better address the increasing demand for ceramic sanitary ware across regions of the country. Moreover, key players are introducing novel and innovative products in order to sustain and strengthen their market share.
This Future Market Insights report examines the India Ceramic Sanitary Ware market for the forecast period 2016–2026. The primary objective of the report is to identify opportunities in the market and present updates and insights pertaining to various segments of the India Ceramic Sanitary Ware market.
Ceramic sanitary ware is a plumbing fixtures comprising wash basins, water closets, cisterns, accessories etc. Ceramic sanitary ware products are cost efficient and easy to clean. The raw materials which are used for the manufacture of ceramic sanitary ware are kaolin, feldspar, ball clay and quartz. Glossy finish, resistance to chemical attacks, scratch résistance and heavy load bearing capacity are the major characteristics of ceramic sanitary ware.
To understand and assess opportunities in this market, the report is categorically divided into three key segments on the basis of product type, end-user, and region. The report analyses India Ceramic Sanitary Ware market in terms of value (US$ Mn) and volume (‘000’ units).
The report begins with an overview of the India ceramic sanitary ware market, appraising market performance in terms of revenue and volume, followed by FMI’s analysis of key trends, opportunities, drivers, and restraints witnessed in the India market.
The subsequent section analyses the ceramic sanitary ware market on the basis of product type and presents a forecast for 2016?2026.
Product types accessed in the report are as follows:
- Half Pedestal
- Wall Hung
- Table Top
- Under & Over
- One Piece
- Two Piece
- Wall Mounted
- Vanity Basins
End-user assessed in the report are as follows:
The report further analyses the market based on end user and presents the forecast in terms of value and volume for the following 10 years. The section includes analysis of India Ceramic Sanitary Ware market on the basis of end-use industry and forecast in terms of value and volume for the next ten years. The report further analyses the market based on regions and presents the forecast till 2026.
Regions assessed in the report are as follows:
To calculate market size, the report considers various aspects based on secondary research. Furthermore, data points such as regional split and market split by end-use industry and qualitative inputs from primary respondents have been incorporated to arrive at appropriate market estimates. The forecast presented in the report assesses the revenue generated by sales of ceramic sanitary ware.
While developing the market forecast, the report begins by sizing the current market, which forms the basis for forecasting how the market is anticipated to take shape in the near future. Given the characteristics of the market, FMI triangulates the data via different analysis based on supply side, demand side, and dynamics of the ceramic sanitary ware market. However, quantifying the market across the aforementioned segments and regions is more a matter of quantifying expectations and identifying opportunities rather than rationalizing them after the forecast has been completed.
It is imperative to note that in an ever-fluctuating global economy, we not only conduct forecasts in terms of CAGR, but also analyse the market on the basis of key parameters, such as year-on-year (Y-o-Y) growth, to understand the predictability of the market and to identify the right opportunities.
Another key feature of this report is the analysis of the ceramic sanitary ware market by region, product type, end-user and the corresponding revenue forecast in terms of absolute dollar opportunity. This is usually overlooked while forecasting the market. However, absolute dollar opportunity is critical in assessing the level of opportunity that a provider can look to achieve as well as to identify potential resources from a sales perspective of the India ceramic sanitary ware market.
To understand key segments in terms of their growth and performance in the ceramic sanitary ware market, Future Market Insights has developed a market attractiveness index. The resulting index should help providers identify existing market opportunities in the India ceramic sanitary ware market.
In the final section of the report, ceramic sanitary ware market competitive landscape is included to provide a dashboard view of companies that manufacture and supply ceramic sanitary ware. The report contains company profiles of some of the key players in the India ceramic sanitary ware market.
Key market players featured in this report are as follows:
- Cera sanitaryware Ltd
- HSIL Ltd.
- RAK Ceramics
- Roca S. A
- Toto Ltd
- Duravit AG
- Kajaria Ceramics Ltd.
- Golf Ceramics Ltd.
- H & J Johnson
- Villeroy Boch Group