Roofing Tiles Market Analysis | 2020-2025

“The Roofing Tiles Market is likely to witness an impressive CAGR of 6.1% during the forecast period.”

Market Dynamics

Introduction

Roofing tiles are designed for roof cladding by using such materials as clay, concrete, metal, or slate. This comes in various forms, sizes, and colors making it possible for architects to use it in different styles. Clay tiles are long-lasting, have a distinct texture, and are fire resistant while concrete tiles are cheaper to produce and come in many styles. It is known that metal roofing tiles are regarded as light and long-lasting, on the other hand, slate tiles boast their luxurious look and enormous sturdiness.

Despite the type of design used, the roofing tiles are systematically arranged to form a strong and durable weather sanctum to the outer design of the house. Roofing tiles are widely used in all categories of construction such as residential, commercial, and institutional buildings as one of the preferred roofs.

Market Drivers

The roofing tiles market is being driven by several key factors:

• Population Growth: As the global population continues to rise, the demand for housing is increasing.

• Higher Disposable Income: With more money in their pockets, people are investing in home ownership.

• Economic Expansion: The growth of the global economy is fueling the housing market.

• Rising Middle-Class Demand: The expanding middle class is expected to boost the need for housing.

• Increased Roofing Tiles Demand: As housing demand goes up, so does the need for roofing tiles.

Segments Analysis

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By Type

“Concrete roofing tiles dominate the market during the forecast period.”

The roofing tiles market is segmented into clay, concrete, and others. Concrete roofing tiles are expected to remain the largest segment during the forecast period owing to increased construction activities around the globe.

By Application Type

“Residential segment dominates the market during the forecast period.”

The market is segmented into residential and non-residential. Residential is the dominant segment of the market. Roofing tiles are widely used in the construction of residential homes. Increasing global population and economic activities have resulted in an increase in demand for residential construction activities and hence roofing tiles.

Regional Analysis

“Asia-Pacific is expected to be the largest market during the forecast period.”

The region consists of 50% of the world's population and hence, the major share of the construction activities around the globe. These constructions generate a huge demand for roofing tiles in the region. China and India are the key growth engines of the region offering substantial growth opportunities during the forecast period.

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Key Players

The market is highly populated with the presence of several local, regional, and global players. Most of the major players compete in some of the governing factors including price, product offerings, regional presence, etc. 

The following are the key players in the roofing tiles market (arranged alphabetically).

• BMI Group
• Boral Roofing
• Etex
• IKO
• Standard Industries Inc.
• Tesla Inc.
• Trevis Perkins
• Wienerberger AG

Note: The above list does not necessarily include all the top players in the market.

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Report Features

This report provides market intelligence most comprehensively. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.

What Deliverables Will You Get in this Report?

Research Methodology

This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools. 

More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles have been leveraged to gather the data. 

We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both qualitative and quantitative insights.

Customization Option

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to 3 players).
• SWOT analysis of key players (up to 3 players).

Market Segmentation

• Current market segmentation of any one of the product types by application type.  

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances.

Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@stratviewresearch.com.