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NEW YORK, Oct. 28, 2022 /PRNewswire/ — The ceramic tiles market in Turkey is fragmented and has the presence of several players occupying the competitive landscape. The vendors are continuously introducing new products that have a low environmental impact and offer enhanced durability and aesthetics. The competition in the market will intensify due to significant growth opportunities. Factors such as low entry barriers and easy access to distribution channels ensure that new vendors can easily enter the market. Vendors in the market compete extensively on factors such as quality, cost, and new manufacturing methodologies. Therefore, such factors will increase the demand for ceramic tiles, which will lead to the growth of the ceramic tiles market in Turkey during the forecast period.
The ceramic tiles market size in Turkey is expected to grow by USD 598.59 million between 2021 and 2026. In addition, the growth momentum is expected to accelerate at a CAGR of 5% during the forecast period.
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Ceramic Tiles Market in Turkey 2022-2026: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The ceramic tiles market in Turkey report covers the following areas:
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Ceramic Tiles Market in Turkey 2022-2026: Segmentation
The ceramic tiles market in Turkey is segmented as below:
- Type
- Porcelain
- Glazed
- Unglazed
The porcelain segment will contribute significantly to the growth of the market. Turkey has a history of porcelain tile production, and the large industrial-scale production of porcelain tiles in the country began in the 1950s. Since then, the quantity and quality of porcelain tiles produced in Turkey have witnessed tremendous growth. The country has rapidly increased its market share in the global ceramics industry and is now regarded as a global competitor in the production of porcelain tiles and sanitaryware. In addition, the abundance of natural resources in Anatolia has ensured the production of porcelain tiles and sanitaryware. high-quality porcelain and ceramic tiles in the country.
- End-user
- Commercial
- Residential
The market will observe increased demand for ceramic tiles from commercial end-users during the forecast period. The country has witnessed a growing number of megaprojects and investments in the construction of commercial buildings. Furthermore, favorable government policies have also played a major role in propelling the growth of the ceramic tiles market in Turkey.
Ceramic Tiles Market in Turkey 2022-2026: Vendor Analysis
Technavio has identified Akgun Group of Companies, Anatolia Tile Stone, Eczacibasi Holding AS, Ege Seramik San ve Tic AS, Ercan Group of Companies, GRANISER GRANIT SERAMIK SAN VE TIC AS, Hitit Seramik, KALE HOLDING AS, NG Kutahya Seramik Porselen Turizm AS, Pera Tile, Seramiksan Turgutlu Seramik Sanayi ve Ticaret AS, SERANIT GRANIT SERAMIK SAN.VE TIC.AS, Termal Seramik, and Yurtbay Seramik San. ve Tic. AS as some of the major market participants.
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Ceramic Tiles Market in Turkey 2022-2026: Key Highlights
- CAGR of the market during the forecast period 2022-2026
- Detailed information on factors that will assist ceramic tiles market growth in Turkey during the next five years
- Estimation of the ceramic tiles market size in Turkey and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the ceramic tiles market in Turkey
- Analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of ceramic tiles market vendors in Turkey
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