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The Roofing Tiles Market was valued at USD 29.87 billion in 2019 and is predicted to reach USD 46.97 billion by 2030 with a CAGR of 4.2% from 2020-2030.
Roofing tiles provide additional protection to houses or apartments against adverse weather conditions such as rain, heat, cyclone or storm. They also give a vintage and aesthetic charm to the apartments. In terms of performance and durability, roofing tiles are better compared to other roofing options. These titles are built with raw materials such as terracotta, slate, concrete, metal and plastics. There are different types of roofing tiles available in the market such as traditional clay tiles, cement tiles, shingles and white clay tiles.
The global roofing tiles market share includes a comprehensive competitive analysis and profiles of the major market players such as Boral Limited, Crown Roof Tiles, Dachziegelwerke, Eagle Roofing, Ecostar LLC, Ludowici Roof Tile, Marley Ltd, MCA Clay Roof Tile, Shital Potteries, and Terreal Malaysia Sdn bhd.
Growing construction activities across the globe along with the increased demand for advanced materials are driving the growth of roofing tiles market. In addition, factors such as population growth, rising urbanization and increased demand for green buildings also boost the market growth. Furthermore, various housing initiatives undertaken by the government of different countries, such as National Housing and Homelessness Agreement (NHHA) in Australia, Pradhan Mantri Awas Yojana (PMAY) in India and Social Housing Services Corporation (SHSC) in Ontorio, are contributing towards the growth of real estate industry, which in turn is expected to propel the growth of roofing tiles market.
However, cost of installation and lack of skilled labor force are factors expected to restrain the growth of the market during the forecast period. On the other hand, growing inclination towards solar tiles and technological advancement in tile manufacturing may create significant growth opportunities for the roofing tiles market players in the coming years.
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Market Segmentations and Scope of the Study:
The roofing tiles market share is categorized on the basis of material type, construction type, end user and geography. On the basis of material type the market is segmented into clay tiles, concrete tiles and others. On the basis of construction, the market is divided into new construction, and renovation & replacement. On the basis of end user, the market is classified into residential and non-residential. Geographic segmentation and analysis of each segment includes regions comprising North America, Europe, Asia Pacific and RoW.
In terms of geography, Asia Pacific holds the lion share of the roofing tiles market. This is attributed to factors such as growing residential and commercial construction, government initiatives to provide affordable housing and improved economic conditions of the region.
However, North America is also expected to witness steady market growth during the forecast period due to the increasing technological innovations, rise in living standards and rapid urbanization.
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