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MANUFACTURING & CONSTRUCTION

Roofing Tiles Market Segmentation By Type (Clay, Concrete, Ceramic, Asphalt, Metals and Others); By End User [Residential (Roof Replacement and Repair of Roof Shingles) and Non-residential (Commercial, Infrastructure and Industrial)] – Global Demand Analysis & Opportunity Outlook 2027

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Extensive insights into the Growth of Roofing Tiles Market amidst COVID-19

Before we witness the stabilization of economic growth in Europe and North America, Asia Pacific is estimated to bounce back progressively with countries such as China, India, South Korea and Japan witnessing more opportunities to recover from the losses sustained during COVID-19.

Being the biggest market in Eastern Europe, Russia is estimated to take the lowest hit, offering a sigh of relief to the businesses operating in the country. Whereas, GCC is estimated to observe low investments due to the sliding prices of crude oil.

We evaluate the strategies and commitment of the Giant Players in the market towards creating products and services that customers value and rely on.

In an attempt to control and eliminate the surge of coronavirus cases and meet the demand for required medical devices along with providing efficient medical services, there is a drastic shift of investments from authoritative bodies towards the healthcare sector. Where the aftermath of this pandemic may take years to be measured, Research Nester estimates notable expansion of e-health, gaming, and media and entertainment industries till the whole situation is contained and the plan of action for the recovery process is determined. There is an estimated probability of the growth in businesses going back a year if the condition is controlled in the next 2-3 months.                                                         Request Insights

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IN THE NEWS
  • March 2019: Atlas Roofing have announced the launch of its StormMaster® Core4™ Enhanced Polymer Technology which is an advanced technology for the manufacturing of asphalt shingle and is available exclusively in Atlas StormMaster Shake and StormMaster Slate shingles products.

  • August 2019: Inflexion Private Equity Partners LLP have announced that it has agreed to acquire 100% of the share capital of Marley Ltd. from Etex.

Introduction to Roofing Tiles

Roofing tiles are referred to all those construction materials which are usually deployed in the roof of the houses to keep out rain. Traditionally, roofing tiles were made from locally available materials, for instance, terracotta or slate among others. With advancements in roofing tiles materials, materials such as concrete, plastics and others are also used in the manufacturing of roofing tiles. Roofing tiles are usually hung from the framework of a roof in parallel rows, with each row overlapping the row below it, and are fixed with nails.

Various Types of Roofing Tiles

Market Size and Forecast

The global roofing tiles market is thriving on the back of growing construction activities across the globe along with the rising real estate industry. Additionally, several affordable housing activities supported by the governments of various nations, for instance, Pradhan Mantri Awas Yojana (PMAY) in India, National Housing and Homelessness Agreement (NHHA) in Australia, Social Housing Services Corporation (SHSC) in Ontorio, Canada, and others, are contributing towards the growth of the real estate industry, which is anticipated to raise the demand for roofing tiles in buildings. All of these factors together are expected to drive the growth of the global roofing tiles market.

Government Aided Activities for Affordable Housing

The market is anticipated to record a CAGR of around 4.57% throughout the forecast period, i.e. 2019-2027. The global roofing tiles market is segmented by end user into residential and non-residential, out of which, residential segment is anticipated to hold the largest market share on the back of expansion of middle-class housing segment, greater application of roofing tiles for heat treatment in residential houses, as well as government’s focus on aided residential housing facilities. Additionally, increasing urbanization, on the back of gradual shift in residence of the human population from rural to urban areas across nations around the globe is also anticipated to bolster the growth of the segment in the global roofing tiles market. According to a publication of the United Nations, it is projected that by the year 2050, India will contribute to 416 million urban dwellers, whereas China is expected to contribute 255 million. CLICK TO DOWNLOAD SAMPLE REPORT

Roofing tiles Market Share

Growth Drivers

Growing Need Amongst Homeowners And Renters For Remodeling, Redesigning And Restructuring Of Their Homes

There is a rising need amongst homeowners and renters for remodeling, redesigning and restructuring of their homes on the back of growing concerns over potential health impacts of unhealthy housing. Roof replacements and repairing of roofs are the two key focus areas which is expected to foresee rapid developments. Such a factor is anticipated to drive the growth of the global roofing tiles market. According to National Association of REALTORS®, which is the largest trade association of America and involved in all aspects of the residential and commercial real estate industries, stated that Americans spend around USD 400 billion annually on remodeling their homes. Additionally, 55% of owners in suburban areas and 52% of owners in urban areas say that they would be willing to remodel their home. Moreover, the report also stated that the two major reasons for doing a new roofing project was for the upgradation of worn-out surfaces, finishes and materials, and for the reason that the owners felt it was time for a change.

Viewpoint for the Project of New Roofing

Growing Trend For The Construction of Green Buildings

Growing environmental concerns worldwide to reduce carbon, water, energy and waste is raising the need for the practice of creating civil structures and using processes that are environmentally responsible and resource-efficient throughout a building’s life cycle. Owing to such a factor, the concept of green buildings is on a rising trend, which implies the balance between the various aspects of the built environment, consumption of resources and the environmental effects. Moreover, mandatory regulations imposed by various regulatory authorities to encourage the use of sustainable building materials, are some of the factors expected to propel the demand for global roofing tiles market.

Impacts of Green Building EnvironmentRestraints

High Cost of Raw Materials

The presence of an unorganized sector for roof tiles is anticipated to play a key role in the competitive pricing of the roofing tiles products. Additionally, high cost of raw materials, which increases the end product cost is further anticipated to act as a barrier to the growth of the global roofing tiles market.

Market Segmentation

Our in-depth analysis of the global roofing tiles market includes the following segments:

By Type

  • Clay Tiles
  • Concrete Tiles
  • Ceramic Tiles
  • Asphalt Tiles
  • Metals
  • Others

By End User

  • Residential
    • Roof Replacement
    • Repair of Roof Shingles
  • Non-Residential
    • Commercial
    • Infrastructure
    • Industrial

By Region

On the basis of regional analysis, the global roofing tiles market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region.

Asia Pacific is expected to hold largest market share on the back of growing investments in the residential and commercial construction in nations such as China, India, Philippines, Vietnam and others. Additionally, favorable government policies for affordable housing in the region is also anticipated to bolster the growth of the market during the forecast period. According to India Brand Equity Foundation (IBEF), Securities and Exchange Board of India (SEBI) have given its approval for the Real Estate Investment Trust (REIT) platform which is anticipated to create an opportunity worth USD 19.65 billion in the Indian market over the years.

The global roofing tiles market is further classified on the basis of region as follows:

  • North America (U.S. & Canada) Market size, Y-O-Y growth & Opportunity Analysis
  • Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth & Opportunity Analysis
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC, Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth & Opportunity Analysis
  • Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth & Opportunity Analysis.
  • Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth & Opportunity Analysis.

Top Featured Companies Dominating the Market

  • Etex
    • Company Overview
    • Business Strategy
    • Key Product Offerings
    • Financial Performance
    • Key Performance Indicators
    • Risk Analysis
    • Recent Development
    • Regional Presence
    • SWOT Analysis
  • Wienerberger AG
  • BMI Group
  • IKO Industries Ltd.
  • Crown Building Products, LLC
  • Atlas Roofing Corporation
  • Boral Limited
  • EcoStar, LLC
  • Brava Roof Tile
  • Eagle Roofing

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