Roofing Tiles Market Size, Share, and Industry Report [2031]

Segments - Roofing Tiles Market by Types (Clay, Concrete, and Others), End-user Sectors (Residential and Non-residential [Commercial, Infrastructure, and Industrial]), and Regions (Asia Pacific [India, China, Japan, South Korea, ASEAN Countries and Rest of Asia Pacific]), North America ([Canada, Mexico, United States]), Europe ([UK, France, Italy, Spain, Germany, Rest of Europe]), South America ([Argentina, Brazil, Rest of South America]), and Middle East & Africa ([South Africa, Saudi Arabia, Rest of Middle East and Africa]) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 – 2031

Author : Raksha Sharma

Fact-checked by : Vineet Pandey

Editor : Rucha Phatak

Report Description

The roofing tiles market size was valued at USD 11.03 Billion in 2022 and is likely to reach USD 18.09 Billion by 2031, expanding at a CAGR of 5.65% during 2023–2031. The growth of market is attributed to expansion of housing construction market and reliefs in government policies for the companies due to COVID-19 outbreak leads in the encouragement in manufacturing of roof tiles.

Roofing tiles are mainly used to keep the rain waters out and are made traditionally from the resources available locally such as slate or terracotta. As compared to asphalt roof tiles roofing for residential can reduce the overall heat transfer by almost 70% into the attic space.

The major reason behind the growth of the roofing tile market is due to their elegance, durability and hard to disposition in nature and are available in several varieties for different residents including townhomes, apartment buildings, single family homes, and condominiums.

Roofing Tiles Market Trends, Drivers, Restraints, and Opportunities

The demand for the roofing tiles is estimated to increase because its installation is cost effective and durable in nature which provides long life span.
Price fluctuation for the raw materials and price hike in roofing tiles is one of the major factors that can hamper the market growth during the forecast period.
R&D investment and technological advancement for the production of the solar tiles are likely to create lucrative opportunities for the market players in the coming years.
During the COVID-19 outbreak most of the industries temporarily shut down, Over 65% of companies were severally affected thus having a negative impact on the roofing tiles market.

Scope of Roofing Tiles Market Report

The report on the global market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes	Details
Report Title	Roofing tiles market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
Base Year	2022
Historic Data	2016–2021
Forecast Period	2023–2031
Segmentation	Types (Clay, Concrete, and Others), End-user Sectors (Residential and Non- residential [Commercial, Infrastructure, and Industrial])
Regional Scope	Asia Pacific [India, China, Japan, South Korea, ASEAN Countries and Rest of Asia Pacific], North America [Canada, Mexico, United States], Europe [UK, France, Italy, Spain, Germany, Rest of Europe], South America [Argentina, Brazil, Rest of South America], and Middle East & Africa [South Africa, Saudi Arabia, Rest of Middle East and Africa].
Report Coverage	Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
Key Players Covered in the Report	Wienerberger AG; Crown Roof Tiles; Terreal; BMI Group; and IKO Industries Ltd.

Roofing Tiles Market Segment Insights

The concrete segment is anticipated to hold a large market share

On the basis of types, the market is bifurcated into clay and concrete. The concrete segment is anticipated to exhibit a high CAGR during the forecast period due to increase in the housing segment and rising demand for the durable and quality product in the market. However, the clay segment is expected to increase at a rapid pace due to the demand for the cost effective and quality products with long life span.

The residential segment continues to dominate the market

Based on the end-users sectors, the market is fragmented into residential and non-residential. The non-residential segment is further segregated into commercial, infrastructure, and industrial. The residential segment in expected to represent a key major share of the market in the coming years owing to increasing population and rising disposable income. On the other hand the non-residential segment is projected to expand at a substantial pace due to changing government policies and investments.

Asia Pacific is estimated to hold a key share of the market

In terms of regions, the market is classified as Asia Pacific [India, China, Japan, South Korea, ASEAN Countries, and Rest of Asia Pacific], North America [Canada, Mexico, and the United States], Europe [The UK, France, Italy, Spain, Germany, and Rest of Europe], South America [Argentina, Brazil, and Rest of South America], and Middle East & Africa [South Africa, Saudi Arabia, and Rest of Middle East & Africa]). Asia Pacific is anticipated to dominate the market in the coming years owing to the increasing housing construction market in big economies such as China and India. The market in North America is anticipated to expand at a rapid pace during the forecast period due to increasing demand for the single-family homes escalated by 4%, according to the US censor bureau.

Segments

The roofing tiles market has been differentiated on the basis of

Types

Clay
Concrete

End-user Sectors

Residential
Non-residential
- Commercial
- Infrastructure
- Industrial

Regions

Asia Pacific
- India
- China
- Japan
- South Korea
- ASEAN Countries
- Rest of Asia Pacific
North America
- Canada
- Mexico
- United States
Europe
- UK
- France
- Italy
- Spain
- Germany
- Rest of Europe
South America
- Argentina
- Brazil
- Rest of South America
Middle East and Africa
- South Africa
- Saudi Arabia
- Rest of Middle East and Africa

Key Players

Wienerberger AG
Crown Roof Tiles
Terreal
BMI Group
IKO Industries Ltd.

Competitive Landscape

Key players competing in the roofing tiles market include Wienerberger AG; Crown Roof Tiles; Terreal; BMI Group; and IKO Industries Ltd.

Some of these players are targeting on business strategies such as mergers, acquisitions, partnerships, collaborations, capacity expansion, and product launches to increase their market shares. For instance

In August 2020, Wienerberger AG announced to achieve sustainability in the production they are switching to natural gas for the brick klin firing process.

In September 2021, New Zealand based Ross Roof Group was acquired by IKO Industries leading manufacturers of residential and commercial roofing products.

Roofing Tiles Market Key Players

Table Of Content

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Roofing Tiles Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Roofing Tiles Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Roofing Tiles Market - Supply Chain
  4.5. Global Roofing Tiles Market Forecast
     4.5.1. Roofing Tiles Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Roofing Tiles Market Size (000â€™ Units) and Y-o-Y Growth
     4.5.3. Roofing Tiles Market Absolute $ Opportunity
5. Global Roofing Tiles Market Analysis and Forecast by Region
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Region
     5.2.2. Y-o-Y Growth Projections by Region
  5.3. Roofing Tiles Market Size and Volume Forecast by Region
     5.3.1. North America
     5.3.2. Latin America
     5.3.3. Europe
     5.3.4. Asia Pacific
     5.3.5. Middle East and Africa (MEA)
  5.4. Absolute $ Opportunity Assessment by Region
  5.5. Market Attractiveness/Growth Potential Analysis by Region
  5.6. Global Roofing Tiles Demand Share Forecast, 2019-2026
6. North America Roofing Tiles Market Analysis and Forecast
  6.1. Introduction
     6.1.1. Basis Point Share (BPS) Analysis by Country
     6.1.2. Y-o-Y Growth Projections by Country
  6.2. North America Roofing Tiles Market Size and Volume Forecast by Country
     6.2.1. U.S.
     6.2.2. Canada
  6.3. Absolute $ Opportunity Assessment by Country
  6.4. Market Attractiveness/Growth Potential Analysis
     6.4.1. By Country
     6.4.2. By Product Type
     6.4.3. By Application
  6.5. North America Roofing Tiles Demand Share Forecast, 2019-2026
7. Latin America Roofing Tiles Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
     7.1.3. Latin America Average Pricing Analysis
  7.2. Latin America Roofing Tiles Market Size and Volume Forecast by Country
      7.2.1. Brazil
      7.2.2. Mexico
      7.2.3. Rest of Latin America
   7.3. Absolute $ Opportunity Assessment by Country
  7.4. Market Attractiveness/Growth Potential Analysis
     7.4.1. By Country
     7.4.2. By Product Type
     7.4.3. By Application
  7.5. Latin America Roofing Tiles Demand Share Forecast, 2019-2026
8. Europe Roofing Tiles Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Europe Average Pricing Analysis
  8.2. Europe Roofing Tiles Market Size and Volume Forecast by Country
     8.2.1. Germany
     8.2.2. France
     8.2.3. Italy
     8.2.4. U.K.
     8.2.5. Spain
     8.2.6. Russia
     8.2.7. Rest of Europe
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. Market Attractiveness/Growth Potential Analysis
     8.4.1. By Country
     8.4.2. By Product Type
     8.4.3. By Application
  8.5. Europe Roofing Tiles Demand Share Forecast, 2019-2026
9. Asia Pacific Roofing Tiles Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Asia Pacific Average Pricing Analysis
  9.2. Asia Pacific Roofing Tiles Market Size and Volume Forecast by Country
     9.2.1. China
     9.2.2. Japan
     9.2.3. South Korea
     9.2.4. India
     9.2.5. Australia
     9.2.6. Rest of Asia Pacific (APAC)
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Market Attractiveness/Growth Potential Analysis
     9.4.1. By Country
     9.4.2. By Product Type
     9.4.3. By Application
  9.5. Asia Pacific Roofing Tiles Demand Share Forecast, 2019-2026
10. Middle East & Africa Roofing Tiles Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Middle East & Africa Average Pricing Analysis
  10.2. Middle East & Africa Roofing Tiles Market Size and Volume Forecast by Country
     10.2.1. Saudi Arabia
     10.2.2. South Africa
     10.2.3. UAE
     10.2.4. Rest of Middle East & Africa (MEA)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Market Attractiveness/Growth Potential Analysis
     10.4.1. By Country
     10.4.2. By Product Type
     10.4.3. By Application
  10.5. Middle East & Africa Roofing Tiles Demand Share Forecast, 2019-2026
11. Competition Landscape
  11.1. Global Roofing Tiles Market: Market Share Analysis
  11.2. Roofing Tiles Distributors and Customers
  11.3. Roofing Tiles Market: Competitive Dashboard
  11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     11.4.1. Wienerberger AG
     11.4.2. Crown Roof Tiles
     11.4.3. Terreal
     11.4.4. BMI Group
     11.4.5. IKO Industries Ltd.