Stone flooring is a growing segment in India flooring market . Variety of stones is mined in India for domestic consumption and export . Marble and granite are two most commonly used stones in construction . Rajasthan is a major state where marble is mined for further processing as flooring stone . Granite is majorly mined in Madhya Pradesh , Orissa , Tamil Nadu , Karnataka , Jharkhand , Chhattisgarh , Rajasthan and Andhra Pradesh .
Revenue from sale of granite and marble stone for flooring was estimated at INR ~ crore . Market for granite was majorly export dominated where as market for marble was majorly for domestic consumption .
Top 3 export destinations for marble export were China , USA and Norway . Top export destinations for granite export in FY ’ 2017 were Saudi Arabia ( INR ~ crore ) USA ( INR ~ crore ), Germany ( INR ~ crore ), Iraq ( INR ~ crore ).
Market for marbles for flooring in India is very fragmented with very few players having Pan India presence . It is expected that revenue generation from sale of stones ( marble and granite ) for building purpose will generate INR ~ crore in FY ’ 2022 . GST , environmental regulation and easy application of tile and other flooring substitute are some key factors that may impact the demand in future . Stone flooring especially using marbles is still the symbol for exotic and opulence .
Snapshot on India Wood Flooring Market
The present wooden flooring market in India is predominantly in the commercial sector accounting for more than half of the consumption with the remaining share by the residential sector . Majority of the demand comes in renovations with minor contribution coming from new construction activity . Products sale is mainly driven by the recommendation from architects , installation personnel , and contractors . Pergo , Power Dekor Group , Classen , Kronotex , TEKA , and Ekowood , Greenply ( Floormax ), Greenlam ( Mikasa ) are some key wood flooring companies selling their product in India . It is expected that market will more than double in next five years with rise in dominance of Indian companies such as Green lam and Greenply . Companies operating in this segment plan to increase the brand ’ s visibility using innovative marketing techniques and improving distribution network and product visibility .
Future Outlook to India Tile Market
By Revenue : The India wall and floor tile market had witnessed a positive growth rate past five years and the market is anticipated to grow at a CAGR of ~% during the forecast period , FY ’ 2018-2022 . The growth in the market during the forecast period will be attributed to factors such as rising number of residential units and commercial spaces due to migration of rural people to urban areas , the increase in government initiatives towards infrastructural growth ,