Mexico Ceramic Tiles Market Size & Outlook, 2023-2030
Mexico ceramic tiles market, 2018-2030 (US$M)
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Mexico ceramic tiles market highlights
- The Mexico ceramic tiles market generated a revenue of USD 2,492.7 million in 2023 and is expected to reach USD 3,732.6 million by 2030.
- The Mexico market is expected to grow at a CAGR of 5.9% from 2024 to 2030.
- In terms of segment, non-residential was the largest revenue generating application in 2023.
- Residential is the most lucrative application segment registering the fastest growth during the forecast period.
Ceramic tiles market data book summary
| Market revenue in 2023 | USD 2,492.7 million |
| Market revenue in 2030 | USD 3,732.6 million |
| Growth rate | 5.9% (CAGR from 2023 to 2030) |
| Largest segment | Non-residential |
| Fastest growing segment | Residential |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Residential, Non-residential |
| Key market players worldwide | Mohawk Industries Inc, Armstrong World Industries Inc, Antelope Enterprise Holdings Ltd, Kajaria Ceremics, Atlas Concorde, RAK Ceramics, Victoria PLC, Florida Tile Industries Inc, Porcelanosa, GRUPPO CERAMICHE RICCHETTI, Monalisa Group, New Pearl Group, Florim Ceramiche |
Other key industry trends
- In terms of revenue, Mexico accounted for 1.8% of the global ceramic tiles market in 2023.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. ceramic tiles market is projected to lead the regional market in terms of revenue in 2030.
- Canada is the fastest growing regional market in North America and is projected to reach USD 623.9 million by 2030.
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Ceramic Tiles Market Scope
Ceramic Tiles Market Companies
| Name | Profile | # Employees | HQ | Website |
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Mexico ceramic tiles market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to ceramic tiles market will help companies and investors design strategic landscapes.
Non-residential was the largest segment with a revenue share of 54.92% in 2023. Horizon Databook has segmented the Mexico ceramic tiles market based on residential, non-residential covering the revenue growth of each sub-segment from 2018 to 2030.
The emergence of Mexico as an upcoming manufacturing hub can be attributed to the establishment of numerous industries as well as a large population migrating close to these facilities resulting in the development of new cities and expansion of existing cities.
These factors have a major impact on the growth of construction industry including both residential and commercial. Furthermore, manufacturers of construction material are likely to establish distribution and sales offices across the country to provide doorstep services to customers, thereby driving the market for ceramic tiles in non-residential application segment from 2020 to 2027.
Industrial development in Mexico has resulted in rising disposable income of consumers, thereby, driving the demand for decorative interior and innovative wall and flooring solutions. The availability of ceramic tiles in a wide range of colors, patterns, and textures imitating natural stone and wood tones is expected to augment their demand to improve aesthetics and decorative appeal.
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Horizon Databook provides a detailed overview of country-level data and insights on the Mexico ceramic tiles market , including forecasts for subscribers. This country databook contains high-level insights into Mexico ceramic tiles market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Mexico - north america ceramic tiles market size, by application, 2018-2030 (US$M)
Mexico Ceramic Tiles Market Outlook Share, 2023 & 2030 (US$M)
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