floor tiles

The value of Chinese floor tiles shipments are forecast to increase at a 7.8％ compound annual rate over the next five years, and climb to the equivalent of $28.1 billion. Chinese floor tiles industry growth is projected to be almost twice the rate seen in the U.S. market over this period. Chinese floor tiles market gains are benefiting from strong economic growth, the population shift to urban areas, rising per capita incomes, and surging residential builder and remodeling markets. Growth, however, is sharpest for foreign market sales. Chinese manufacturers have been able to penetrate world markets by investing in the most up-to-date technology and production processes. This has improved Chinese industry quality and product designs. These investments heightened the competitive environment in an industry already dominated by thousands of small producers. This has put pressure on prices and profit margins, which could result in industry consolidation in the future.