Roofing Tiles Market-By Type (Clay, Concrete, and Other), By End User (Residential and Non-Residential (Commercial, Infrastructure, and Industrial)), and By Region - Global Opportunity Analysis and Industry Forecast, 2020 – 2030

Roofing Tiles are considered to all those construction materials which are usually deployed in the roof of the houses to keep out rain, cold and heat. Traditionally, roofing tiles were made from locally available materials such as terracotta or slate. Now a day, modern roofing tiles materials with advancements such as concrete, plastics are used.  These are available in multiple numbers of shapes and sizes to provide an aesthetic appeal to the overall building which can be fixed onto the roof through nails or cement at select points of the tile. There are also roof tiles available for special positions, particularly where the planes of the several pitches meet such as ridge, hip and valley tiles. The replacement of traditional roofing materials and growing construction activities, concept of green buildings, and rising real estate industry are trending factors of the global market. The global roofing tiles market accounted USD 32239.20 million in 2020 and will register to a CAGR of 6.5% during the forecast period.

Market Segmentation:

Based on the type, the global roofing tiles market is bifurcated into clay, concrete, and other. Depending on the end user, the market is categorized as residential and non-residential. On the basis of non-residential, the global market is subdivided into commercial, infrastructure, and industrial. Geographic breakdown and analysis of each of the aforesaid segments includes regions comprising North America, Europe, Asia-Pacific, and RoW.

Market Dynamics and Factors:

An increasing urbanization, gradual shift the population from rural to urban areas, growth in residential construction sector are the major drivers for the growth of the global roofing tiles market. In addition, roof replacements and repairing of roofs for the up gradation of worn-out surfaces, finishes and materials are some of the other factors which will drive the market during forecast time. Conversely, the high cost of raw material is responsible to restrain the market growth.  Additionally, the several affordable housing activities supported by the governments and growing trend for the construction of green buildings is also boosting the growth of market during the next coming years. On the rather hand, the development of solar roof tiles are creating immense opportunities for the market growth during forecast timeframe. However, the difficulty of reroofing of building structure is considered to be the challenge for market in upcoming years.

Geographic Analysis:

North America dominates the largest share for the growth of the global roofing tiles market. The dominant position in the market is attributed to rapidly growing rate of residential construction in the United States. The National Association of REALTORS® is stated as around USD 400 billion spent annually on remodelling their homes in this region. According to US Censor Bureau, residential construction increased by about 2.5% from 2017 to 2018.   Additionally, Asia pacific is expected fastest growth of the market, owing to robust growth and low-cost housing construction activities in countries including India, China, the Philippines, and Indonesia.  Furthermore, the government policies such as ‘Housing for All by 2022’ for affordable housing in India region are also anticipated to propel the growth of the market during the forecast period. The Securities and Exchange Board of India (SEBI) have given its approval for the Real Estate Investment Trust (REIT) platform which is expected to create an immense opportunity worth USD 19.65 billion in the India over the forecast timeframe, stated by India Brand Equity Foundation (IBEF). Europe holds the significant regional market which is attributed to increasing demand from the construction sector. Furthermore, Latin America and the Middle East & Africa region are projected to continuous growth of the market due to growing urban population with their increasing demand from the construction sector.

Competitive Scenario:

The key players of global roofing tiles markets are BMI Group, Terreal, Etex, Refractory Company Limited, IKO, Wienerberger, Crown Roof Tiles, Butterfly roof, and Hume Roofing Products Sdn. Bhd.

Roofing Tiles Market Report Scope