Press release
Roofing Tiles Market Global Strategies and Insight Driven Transformation 2021 – 2030
The Roofing Tiles Market was valued at USD 29.87 billion in 2019 and is predicted to reach USD 46.97 billion by 2030 with a CAGR of 4.2% from 2020-2030.Roofing tiles provide additional protection to houses or apartments against adverse weather conditions such as rain, heat, cyclone or storm. They also give a vintage and aesthetic charm to the apartments. In terms of performance and durability, roofing tiles are better compared to other roofing options. These titles are built with raw materials such as terracotta, slate, concrete, metal and plastics. There are different types of roofing tiles available in the market such as traditional clay tiles, cement tiles, shingles and white clay tiles.
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Top Companies: Boral Limited, Crown Roof Tiles, Dachziegelwerke, Eagle Roofing, Ecostar LLC, Ludowici Roof Tile, Marley Ltd, MCA Clay Roof Tile, Shital Potteries, and Terreal Malaysia Sdn bhd.
Market Dynamics and Trends
Growing construction activities across the globe along with the increased demand for advanced materials are driving the growth of roofing tiles market. In addition, factors such as population growth, rising urbanization and increased demand for green buildings also boost the market growth. Furthermore, various housing initiatives undertaken by the government of different countries, such as National Housing and Homelessness Agreement (NHHA) in Australia, Pradhan Mantri Awas Yojana (PMAY) in India and Social Housing Services Corporation (SHSC) in Ontorio, are contributing towards the growth of real estate industry, which in turn is expected to propel the growth of roofing tiles market.
However, cost of installation and lack of skilled labor force are factors expected to restrain the growth of the market during the forecast period. On the other hand, growing inclination towards solar tiles and technological advancement in tile manufacturing may create significant growth opportunities for the roofing tiles market players in the coming years.
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Market Segmentations and Scope of the Study:
The roofing tiles market share is categorized on the basis of material type, construction type, end user and geography. On the basis of material type the market is segmented into clay tiles, concrete tiles and others. On the basis of construction, the market is divided into new construction, and renovation & replacement. On the basis of end user, the market is classified into residential and non-residential. Geographic segmentation and analysis of each segment includes regions comprising North America, Europe, Asia Pacific and RoW.
Geographical Analysis
In terms of geography, Asia Pacific holds the lion share of the roofing tiles market. This is attributed to factors such as growing residential and commercial construction, government initiatives to provide affordable housing and improved economic conditions of the region.
However, North America is also expected to witness steady market growth during the forecast period due to the increasing technological innovations, rise in living standards and rapid urbanization.
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About Next Move Strategy Consulting:
Next Move Strategy Consulting is an independent and trusted third-platform market intelligence provider, committed to deliver high quality, market research reports that help multinational companies to triumph over their competitions and increase industry footprint by capturing greater market share. Our research model is a unique collaboration of primary research, secondary research, data mining and data analytics.
We have been servicing over 1000 customers globally that includes 90% of the Fortune 500 companies over a decade. Our analysts are constantly tracking various high growth markets and identifying hidden opportunities in each sector or the industry. We provide one of the industry’s best quality syndicate as well as custom research reports across 10 different industry verticals. We are committed to deliver high quality research solutions in accordance to your business needs. Our industry standard delivery solution that ranges from the pre consultation to after-sales services, provide an excellent client experience and ensure right strategic decision making for businesses.
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