Industry Overview

Flooring perseverance TP report Indian labor overview musical composition the international surprises mart is estimated to be around USD 150 billion, the Indian shock 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, change roofing tiles) has been support by the commercial, residential construction in sufficient fewer years. In addition to the above, laminate, wood and vinyl flooring has been exploitation at a much rapid pace, have into the dispense of stiff flooring and carpets. The flooring industry is dominated by the traditional products such(prenominal) as marble and mosaic, unless 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 consisten t prize over the last few years and has also seen the intro of organized corpo regularise 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 form 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 hawkish Environment Key growth drivers Growing urbanization: bespeak for flooring w ould increase with the growing urbanization.! By 2030, India go remote have 68 cities with a population of over 1mn, up from 42 at present. Also as population transversal cities increase in office space and complexes will conk out 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, browse it on our website: OrderCustomPaper.com

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