The ceiling tile global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Ceiling Tile Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The ceiling tile market size has grown strongly in recent years. It will grow from $8.1 billion in 2023 to $8.77 billion in 2024 at a compound annual growth rate (CAGR) of 8.3%. The growth in the historic period can be attributed to increased commercial construction, increased focus on aesthetic appeal, increased fire safety regulations, growth in residential renovations, and rapid urbanization.
The ceiling tile market size is expected to see strong growth in the next few years. It will grow to $12.06 billion in 2028 at a compound annual growth rate (CAGR) of 8.3%. The growth in the forecast period can be attributed to increasing focus on energy efficiency, increasing noise pollution concerns, increasing health and wellbeing focus, growing sustainability, and increasing residential construction. Major trends in the forecast period include technological advancements, smart ceiling tiles, integration with home automation, adoption of customized products, and product innovations.
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Scope Of Ceiling Tile Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Ceiling Tile Market Overview
Market Drivers –
The increase in construction is significantly contributing to the growth of the ceiling tile market going forward. Construction is the process of building, altering, repairing, remodeling, improving, or demolishing any structure. The rise of high-end apartments, houses, and skyscrapers in developing countries is driving the growth of premium ceiling tiles. For instance, according to Oxford Economics, a UK-based company that provides global economic forecasting, the volume of construction output is expected to grow by 85% by 2030. The major countries contributing to this growth are China, India, and the USA. Therefore, the increase in construction is driving the ceiling tile market growth.
Market Trends –
Product innovations have emerged as the key trend gaining popularity in the ceiling tile market. Companies manufacturing ceiling tiles are developing innovative products to strengthen their positions in the market. For instance, in June 2023, ClearOne Communications Inc., a US-based network streaming, conferencing, and collaboration solutions company, launched BMA 360D, the world’s most sophisticated beamforming microphone array ceiling tile. The BMA 360D provides unparalleled audio performance as well as native interoperability with any Dante-enabled DSP mixer.
The ceiling tile market covered in this report is segmented –
1) By Installation: Surface Mount, Drop or Suspended
2) By Material Type: Mineral Wool, Metal, Gypsum, Other Materials
3) By Form: Laminated, Fissured, Patterned, Plain, Textured, Coffered
4) By Application: Residential, Commercial, Industrial, Institutional
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Regional Insights –
Asia-Pacific was the largest region in the ceiling tile market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the ceiling tile market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Key Companies –
Major companies operating in the ceiling tile market include Rockwool International A/S, USG Corporation, Hunter Douglas N.V., SAS International Ltd., Odenwald Faserplattenwerk GmbH, Knauf Gips KG, Saint Gobain India Pvt. Ltd., Byucksan Corporation, KET Ceilings, AWI Licensing LLC, New Ceiling Tiles LLC, CertainTeed Corporation, HIL Limited, Rockfon LLC, Armstrong World Industries Inc., Haining Shamrock Import & Export Co. Ltd., Georgia-Pacific LLC, Gypsum Management and Supply Inc., National Gypsum Company, Acoustic Ceiling Products LLC, Ceilume, Chicago Metallic Corporation, Decoustics, Ecophon, Foshan Ron Building Material Trading Co. Ltd., Guangzhou Titan Commercial Co. Ltd., Haining Chaodi Plastic Co. Ltd., Knauf Danoline A/S, Hunter Douglas Architectural, OWA Ceiling Systems GmbH, Shandong Huamei Building Materials Co. Ltd.
Table of Contents
1. Executive Summary
2. Ceiling Tile Market Report Structure
3. Ceiling Tile Market Trends And Strategies
4. Ceiling Tile Market – Macro Economic Scenario
5. Ceiling Tile Market Size And Growth
…..
27. Ceiling Tile Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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