Roofing Tiles Market Regional Analysis:
APAC Market Insights
The roofing tiles market in Asia Pacific is estimated to have the largest share of about 43% by 2035, driven by higher number of manufacturing and construction bases that are present in the region. Emerging economies of several countries such as China, India, Philippines, Indonesia, and Vietnam have the highest level of expansion, with an emphasis on energy-efficient buildings. According to a survey, the average percentage of manufacturing enterprises in Asia was roughly 15% across 29 countries, with China accounting for the biggest share at 27.7%.
North American Market Insights
The North American roofing tiles market is expected to register lucrative CAGR during the forecast period, driven by a surge in demand for re-roofing of residential and industrial buildings. This is predicted to have a favorable impact on the construction workers in the region in terms of upgrading a large number of older buildings that have already outlived their intended lifespan.
