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
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
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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.
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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.
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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.
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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.
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 (000’ 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.