Roofing Tiles Market Size 2024-2028
The roofing tiles market size is forecast to increase by USD 3.65 billion at a CAGR of 5.57% between 2023 and 2028.
- The market is witnessing significant growth due to the expansion of the residential construction industry and the increasing demand for sustainable materials. Terracotta and clay tiles, known for their longevity and aesthetic appeal, continue to be popular choices for residential applications. Conversely, concrete and slate tiles are preferred for their fire resistance and wind resistance properties. The market is also influenced by the rising trend of remodeling existing structures, leading to an increase in demand for roofing tiles. Additionally, the integration of solar panels into roofing systems is gaining traction, providing an opportunity for market growth. However, the market faces challenges such as the fluctuating raw material costs of tiles and the requirement for skilled labor, which may impact market pricing and availability.
What will be the Size of the Market During the Forecast Period?
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- The market is witnessing significant growth due to the increasing demand for sustainable and quality-driven construction in both residential and non-residential sectors. Clay tiles and concrete tiles are the most popular types of roofing tiles, with clay tiles being preferred for their eco-friendly nature and traditional appeal, while concrete tiles are chosen for their durability and affordability. Rapid urbanisation in urban cities is driving the demand for roofing tiles In the industrial sectors and real estate industries. Solar roof tiles are gaining popularity due to their ability to generate electricity and reduce energy consumption. Asphalt shingle roofs continue to dominate the market due to their ease of installation and low cost.
- Roofing tiles are essential for houses and apartments, providing fire resistance, wind resistance, and protection against extreme weather conditions such as heat, storm, wind, hail, and rain. Terra cotta and slate tiles are also popular choices for their aesthetic appeal and durability. Tile manufacturing companies are focusing on improving the quality and resistance of their roofing systems to meet the growing demand for sustainable and strong roofing solutions. Remodeling projects also contribute to the growth of the market.
How is this Industry segmented and which is the largest segment?
The industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD billion" for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.
- Type
- Clay tiles
- Concrete tiles
- Others
- End-user
- Residential
- Non-residential
- Geography
- APAC
- North America
- Europe
- South America
- Middle East and Africa
By Type Insights
- The clay tiles segment is estimated to witness significant growth during the forecast period. In commercial and industrial settings, the demand for roofing tiles, particularly clay tiles, has increased due to their durability and aesthetic appeal. These tiles offer a timeless and elegant look that is highly sought after in upscale homes and properties. The construction industry, including real estate and building sectors, has witnessed significant growth as a result of rapid urbanisation. Consequently, there is a heightened need for high-quality, premium roofing materials that can withstand the test of time. Clay tiles, with their exceptional durability and ability to last for decades without deteriorating, have gained immense popularity. Furthermore, their environmental friendliness and resilience to various weather conditions make them an ideal choice for both commercial and residential applications. Overall, the market is poised for steady growth as builders and developers continue to prioritise materials that offer both durability and aesthetic appeal.
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The clay tiles segment was valued at USD 4.11 billion in 2018 and showed a gradual increase during the forecast period.
Regional Analysis
- APAC is estimated to contribute 41% to the growth of the global market during the forecast period. Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. In APAC countries, including China and India, urbanization and population growth are driving an increase in construction activities, leading to a heightened demand for roofing materials, particularly roofing tiles. The diverse climate conditions In the region necessitate the use of durable and resilient roofing solutions.
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Roofing tiles, with their proven durability, are a popular choice in commercial, industrial, and residential settings across APAC. The rapid economic development In these countries is fueling the construction of new buildings in various sectors, including real estate and industrial, further increasing the demand for roofing tiles. The cultural and practical preference for long-lasting materials in construction adds to the market's growth In the region.
Market Dynamics
Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
What are the key market drivers leading to the rise In the adoption of Roofing Tiles Industry?
- Growth of construction and real estate industry is the key driver of the market. The market is experiencing significant growth due to the expanding construction and real estate sectors. Residential and non-residential projects, including new developments and infrastructure, continue to increase in number, leading to a corresponding rise in demand for roofing materials such as clay tiles and concrete tiles.
- Innovations in sustainable and quality-driven construction, like the integration of solar roof tiles and smart city projects, are influencing the preference for advanced roofing systems. Urbanization and population growth necessitate the construction of new buildings, further fueling the demand for roofing tiles. The market is anticipated to witness continued growth as the construction industry evolves and adopts new technologies and efficient roofing solutions.
What are the market trends shaping the Roofing Tiles Industry?
- Growing demand for sustainable materials is the upcoming market trend. The market is witnessing significant growth due to the increasing focus on sustainable and energy-efficient construction in both residential and non-residential sectors. Clay tiles and concrete tiles, being natural and renewable materials, are gaining popularity for their eco-friendliness and durability. Moreover, the adoption of solar roof tiles is on the rise as part of sustainable construction initiatives in urban cities and smart cities projects. Reflective or cool roofing tiles, which help reduce heat absorption and improve energy efficiency, are becoming increasingly desirable. These tiles often feature coatings or designs that reflect more sunlight, thereby reducing the need for excessive cooling in warmer climates.
- Homeowners and builders are also seeking customization options and diverse designs In their roofing systems. Overall, the market is poised for growth as the demand for quality-driven and sustainable construction solutions continues to increase.
What challenges does the Roofing Tiles Industry face during its growth?
- Fluctuating raw material costs of tiles is a key challenge affecting the industry growth. The market encompasses the production and distribution of various types of roofing tiles, including clay tiles and concrete tiles, for both residential and non-residential applications. Key raw materials for tile manufacturing include clay, feldspar, and kaolin. Fluctuations In the prices of these commodities can significantly impact manufacturing costs and profit margins. Moreover, the energy-intensive nature of tile production necessitates a consistent power and fuel supply at reasonable prices for industry growth. Volatility and instability In the supply and pricing of essential inputs, such as silica sand, kaolin, feldspar, and bentonite, pose significant challenges for manufacturing organizations.
- In addition, the emergence of sustainable construction practices and the integration of solar roof tiles into urban cities, smart cities projects, and asphalt shingle roofs further complicate the market landscape. Quality-driven construction and the adoption of advanced technologies are essential for tile manufacturers to remain competitive and meet evolving consumer demands.
Exclusive Customer Landscape
The market forecasting report includes the adoption lifecycle of the market, covering from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the market report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape
Key Companies & Market Insights
Companies are implementing various strategies, such as strategic alliances, market forecast, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the industry.
The industry research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:
- AB Ceramic Services
- Ace Roofing Co.
- BMI Group Holdings UK Ltd.
- EAGLE Roofing Products
- Edilians
- Foshan Rongguan Glass Material For building Co. Ltd.
- Kajaria Ceramics Ltd.
- KP Group
- Ludowici Roof Tiles
- Lune Tiles
- Pionnier Roofing Accreditation
- R. V. Tiles Co.
- Raja Tiles Co.
- Roofle Inc.
- SRS Colour Roofing
- Tapco Buildware India Pvt. Ltd. Co.
- VHR Roof Tile Manufacturing Co. LLC
- Wienerberger AG
- Xiamen Hongzhanxing Co. Ltd.
- RUSSELL BUILDING PRODUCTS LTD.
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key industry players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
Research Analyst Overview
The market is witnessing significant growth due to the increasing demand for sustainable and eco-friendly construction in urban cities. Residential and non-residential sectors, including houses, apartments, hospitals, health care centers, schools, and commercial and industrial settings, are major consumers of roofing tiles. Clay tiles and concrete tiles are the most popular roofing tiles used In the construction field due to their durability, aesthetic appeal, and eco-friendly nature. Roofing systems in urban cities are being upgraded to meet the challenges of climatic conditions such as heat, storm, wind, hail, rain, noise, and snow. The thermal installation process of roof tiles ensures lower energy consumption, making them an ideal choice for green roofing and eco-friendly roofing materials.
In addition, the construction sector, including builders and real estate industries, is investing in quality-driven construction and smart cities projects, leading to an increase in demand for roofing tiles. The industrial sectors, including infrastructure and infrastructure development, are also driving the demand for roofing tiles due to their long-term performance and fire resistance. Roofing tiles are available in various materials such as clay, concrete, slate, metal, and plastic. Skilled labor is required for the installation of roof tiles, making the cost of roofing a significant factor In the construction process. The market for roofing tiles is expected to grow further due to the trend of renovation and replacement and the increasing demand for affordable housing. The market is also expected to be influenced by the adoption of solar panels and the use of roof tiles in new construction and reroofing projects.
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Market Scope
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Report Coverage
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Details
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Page number
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144
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Base year
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2023
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Historic period
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2018-2022 |
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Forecast period
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2024-2028
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Growth momentum & CAGR
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Accelerate at a CAGR of 5.57%
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Market growth 2024-2028
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USD 3.65 billion
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Market structure
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Fragmented
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YoY growth 2023-2024(%)
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5.39
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Key countries
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US, China, India, Germany, and UK
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Competitive landscape
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Leading Companies, market growth and forecasting, Market Positioning of Companies, Competitive Strategies, and Industry Risks
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What are the Key Data Covered in this Market Research and Growth Report?
- CAGR of the Roofing Tiles industry during the forecast period
- Detailed information on factors that will drive the growth and forecasting between 2024 and 2028
- Precise estimation of the size of the market and its contribution of the industry in focus to the parent market
- Accurate predictions about upcoming growth and trends and changes in consumer behaviour
- Growth of the market across APAC, North America, Europe, South America, and Middle East and Africa
- Thorough analysis of the market's competitive landscape and detailed information about companies
- Comprehensive analysis of factors that will challenge the market growth of industry companies
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Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
- Manufacturers and suppliers
- Channel partners
- Industry experts
- Strategic decision makers
Secondary sources
- Industry journals and periodicals
- Government data
- Financial reports of key industry players
- Historical data
- Press releases
DATA ANALYSIS
Data Synthesis
- Collation of data
- Estimation of key figures
- Analysis of derived insights
Data Validation
- Triangulation with data models
- Reference against proprietary databases
- Corroboration with industry experts
REPORT WRITING
Qualitative
- Market drivers
- Market challenges
- Market trends
- Five forces analysis
Quantitative
- Market size and forecast
- Market segmentation
- Geographical insights
- Competitive landscape
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