Research Methodology on Ceramic Tiles Market
I. Introduction
The report on the global ceramic tiles market research was created to provide knowledge about the regional and worldwide market potentials that could affect decisions related to investment and growth priorities for organizations operating or considering venturing into the ceramic tiles market. It also provides a framework to discover new and emerging opportunities related to the ceramic tiles market.
It attempts to draw insights from market conditions that are expected to shape the landscape in the future. To gain a better insight into the global ceramic tiles market, the report provides an in-depth analysis of market dynamics which includes market trends, growth drivers, restraining factors, and opportunities. The assessment is also based on Porter’s Five Forces framework to analyze competitive dynamics in the market.
II. Research Methodology
A. Research Framework
The report employed both top-down and bottom-up approaches to assess the relevance and accuracy of the market estimates. The key data points for the ceramic tiles market sourced from secondary sources were first verified in-depth during interviews with key industry experts and service providers. The top-down approach helped to obtain the overall market values, while the bottom-up approach was used to assess the market from the bottom level and further work out the future prospects.
B. Primary Research
In order to obtain exclusive information from the ceramic tiles market, primary interviews were conducted with several industry experts which included leading company executives, marketing directors, regional /country managers, product managers, product and solution /application developers, VPs, regional sales planners, technology adoption rate /advocates, strategy heads /C level executives, partnership heads, and IT partners.
C. Secondary Research
To provide an accurate study of the global ceramic tiles market, extensive secondary research was conducted. It included:
• Secondary sources such as journals, books, annual reports, financial reports, white papers, patents and databases.
• Information from other reports, press releases, media representatives and industry associations.
• Government website to obtain information about WTO member countries.
D. Data Triangulation
To authenticate the information obtained from secondary research, different approaches such as data triangulation were used, which included analyzing the data from different sources and studying past trends.
III. Results & Data Analysis
For forecasting, data analysis was conducted to deduce the assumptions for the market forecast. The forecast method used for the assessment can be described as follows:
• Demand Side Data Analysis: It entailed regional studies, consumer surveys, and demand estimations.
• Supply Side Data Analysis: It involves analysis of imports & exports, manufacturing & capacity utilization, price behaviour, cost analysis, and industry trends.
In addition, bottom-up and top-down approaches were used to validate the ceramic tiles market size. Data gathered was also combined and analyzed with the help of factors analysis, time-series analysis, and demand and supply side data triangulation for further clarity. The estimated and forecast market values were further validated and verified through primary interviews.
IV. Factors Impacting the Market
The global ceramic tiles market was impacted by the following factors:
• Increasing urbanization and fast industrialization
• Rising affluence among consumers and increasing disposable income
• Growth in the construction industry
• Innovation in the production processes of ceramic tiles
• Increasing penetration of e-commerce platforms in the interior design industry
• Growing adoption of advanced digital technologies for manufacturing and installation of ceramic tile products
• Rising architecture designs and norms of modern physical infrastructure
V. Conclusion
The ceramic tiles market is expected to witness steady growth during the forecast period 2023 to 2030. The growing demand for ceramic tiles can be attributed to the increasing disposable income of consumers and the rising trends in the interior design industry. Moreover, the technological advances in the manufacturing and installation of ceramic tiles are further expected to propel the growth of the ceramic tiles market in the upcoming years.