ROOFING TILES MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024-2031)

The roofing tiles market is estimated to be valued at USD 13.06 Bn in 2024, exhibiting a compound annual growth rate (CAGR) of 6.1% from 2024 to 2031. The roofing tiles market has been growing steadily over the past few decades. Roofing tiles are roofing products manufactured from varied materials like clay, concrete, metal, plastic, or asphalt for use as exterior covering of rooftops. They provide effective protection and security for buildings from harsh weather elements such as rainwater, snowfall, etc. Population growth and increasing construction activities of residential and commercial infrastructure have augured well for the rising consumption of roofing tiles globally. Moreover, rapid urbanization coupled with improvement in economic conditions especially in developing countries have accelerated the demand for buildings construction, in turn, supporting the roofing tiles market growth. Innovation and technology adoption have further led to the development of advanced roofing tiles with enhanced durability, functionality, and aesthetic appeal.

 Market Dynamics:

The roofing tiles market is driven by factors such as rapid infrastructure development activities and real estate boom particularly in emerging economies. Growing demand for visually appealing roofing designs from the residential sector has also propelled the market growth. However, volatility in raw material prices remains a key challenge for manufacturers. For instance, fluctuations in the prices of raw materials like clay, sand, and petroleum among others directly impacts the production cost of roofing tiles. Availability of cost-effective substitutes poses a threat as well. On the positive side, the rising consumer preference for eco-friendly roofing solutions and green buildings provides new opportunities for players dealing in sustainable roofing tiles made from recycled materials. Ongoing R&D focus toward developing roofing tiles with enhanced insulation properties, durability, and energy efficiency would further aid the industry outlook.

Key Features of the Study:

• This report provides in-depth analysis of the global roofing tiles market, and provides market size (US$ Bn) and compound annual growth rate (CAGR%) for the forecast period (2024–2031), considering 2023 as the base year
• It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
• It profiles key players in the global roofing tiles market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
• Key companies covered as a part of this study include IKO Global, Etex, Standard Industries Inc, Trevis Perkins, Boral roofing, BMI group, Wienerberger AG, Fornace Laterizi Vardanega Isidoro , Vande Hey Raleigh , Eagle Roofing Products, TC Roof Tiles, Jindal Mechno, Kerala Tiles Company, Raja Tiles Company, KPG Roofing, Sri Vijaya Lakshmi Tiles, Sirex, AV Roofing, and Simeyon
• Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
• The global roofing tiles market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global roofing tiles market

Detailed Segmentation-

• By Type:
• • Clay Roof Tile
  • Concrete Roof Tile
  • Others
• By Application:
• • Residential
  • Non-residential
• By Region:
• • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa
• Company Profiles:
• • IKO Global
  • Etex
  • Standard Industries Inc
  • Trevis Perkins
  • Boral roofing
  • BMI group
  • Wienerberger AG
  • Fornace Laterizi Vardanega Isidoro
  • Vande Hey Raleigh
  • Eagle Roofing Products
  • TC Roof Tiles
  • Jindal Mechno
  • Kerala Tiles Company
  • Raja Tiles Company
  • KPG Roofing
  • Sri Vijaya Lakshmi Tiles
  • Sirex
  • AV Roofing
  • Simeyon