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The roofing tiles market size is forecast to increase by USD 3.65 billion with a grow at a CAGR of 5.57% between 2023 and 2028. The growth rate of the market depends on several factors such as the growth of construction and real estate industry, the growing demand for smart roofing solutions, and the rising partnerships and collaboration among market players.
The report includes a comprehensive outlook on the Roofing Tiles Market, offering forecasts for the industry segmented by Type, which comprises clay tiles, concrete tiles, and others. Additionally, it categorizes End-user into residential and non-residential, and covers Regions, including APAC, North America, Europe, South America, and Middle East and Africa. The report provides market size, historical data spanning from 2018 to 2022, and future projections, all presented in terms of value in USD billion for each of the mentioned segments.
Roofing Tiles Market Forecast 2024-2028
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As construction projects, including residential, commercial, and infrastructure, continue to grow, the demand for roofing tiles also increases. As populations grow and urban areas expand, there is a continual need for new residential and commercial buildings. This necessitates roofing materials, such as tiles, to complete these structures.
Moreover, innovative technologies in construction, including new roofing materials and installation techniques, can influence the choice of roofing tiles, leading to increased demand for newer and more efficient products. As construction and real estate projects continue to grow and evolve, the demand for these tiles is expected to remain robust, which will drive the growth of the global roofing tiles market during the forecast period.
There is a growing emphasis on environmentally friendly roofing materials. This trend has led to increased demand for tiles made from recycled materials, such as recycled plastics, rubber, or reclaimed metals. In addition, natural and renewable materials such as clay, terracotta, and concrete are gaining popularity due to their sustainability. Reflective or cool roofing tiles, designed to reduce heat absorption and improve energy efficiency by keeping buildings cooler, are gaining traction among consumers.
Additionally, homeowners and builders are increasingly interested in roofing tiles that offer customization options and diverse designs. Manufacturers are responding by providing tiles in various colors, shapes, textures, and styles to cater to different architectural preferences and trends. Thus, the rising demand for sustainable roofing tiles will drive the growth of the global roofing tiles market during the forecast period.
The roofing tile market relies on raw materials such as clay, feldspar, and kaolin. Fluctuations in prices of these commodities can have an impact on manufacturing costs and profit margins. Volatility and instability in the supply and prices of key inputs have significant negative consequences, which are primarily faced by manufacturing organizations. Furthermore, there is greater volatility in the pricing of raw materials used for manufacturing tiles. There is price volatility in raw materials, such as silica sand, kaolin, feldspar, and bentonite.
Moreover, volatile raw material prices increase the capital investments needed in the entire manufacturing process of roofing tiles. Rising costs and unexpected fluctuations in raw material price levels destabilize the entire supply chain and render it difficult for manufacturers to sustain themselves in the highly competitive global roofing tiles market. Hence, the demand for roofing tiles from the construction industry may be hampered, which, in turn, is expected to impede the growth of the market during the forecast period.
The clay tiles segment will account for a major share of the market's growth during the forecast period.? Clay tiles are known for their exceptional durability, often lasting for decades without deteriorating. Clay tiles offer a timeless and elegant look that appeals to many homeowners. With a rise in the construction of upscale homes and properties, there is a growing demand for high-quality, premium roofing materials such as clay tiles that offer both durability and aesthetic appeal.
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The clay tiles segment was valued at USD 4.11 billion in 2018. Moreover, the combination of durability, aesthetic appeal, environmental friendliness, and resilience to different weather conditions has contributed to the increasing demand for clay tiles in the roofing industry. Thus, with the growing construction sector, the clay tiles segment, as well as the roof tiles market is expected to witness growth during the forecast period.
Based on end-users, the market has been segmented into residential and non-residential. The residential segment will account for the largest share of this segment.?With a rise in residential construction owing to population growth, urbanization, and housing demand, there is a corresponding increase in the demand for roofing materials, including tiles. Roofing tiles are often chosen for their ability to withstand various weather elements such as rain, wind, hail, and even fire in some cases. This resilience makes them a preferred choice, especially in areas prone to harsh weather conditions. Moreover, people are more likely to invest in property, leading to increased demand for residential construction, which will boost the growth of the segment, as well as the global roofing tiles market during the forecast period.
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APAC is estimated to contribute 41% to the growth by 2028. Technavio’s analysts have elaborately explained the regional trends, drivers, and challenges that are expected to shape the roofing tiles market growth analysis during the forecast period. APAC countries, such as China and India, are experiencing significant urbanization and population growth. This growth leads to increased construction activities, driving the demand for roofing materials, including tiles. Roofing tiles, known for their durability and resilience, are a preferred choice in such climates.
Moreover, in many APAC countries, there is a cultural and practical preference for durable, long-lasting materials in construction. Roofing tiles, particularly those made of materials such as clay or concrete, align with this preference due to their longevity. The combination of economic growth, urbanization, climatic diversity, and a preference for durable and visually appealing roofing materials will drive the APAC roof tiles market growth during the forecast period.
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
We also have detailed analyses of the market’s competitive landscape and offer information on 20 market companies, including:
AB Ceramic Services, 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., and RUSSELL BUILDING PRODUCTS LTD.
Technavio roofing tiles market market research report provides an in-depth analysis of the market and its players through combined qualitative and quantitative data. The analysis classifies companies into categories based on their business approaches, including pure-play, category-focused, industry-focused, and diversified. Companies are specially categorized into dominant, leading, strong, tentative, and weak, based on their quantitative data analysis.
The roofing tiles market market analysis and report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2018 to 2028.
Roofing Tiles Market Scope |
|
Report Coverage |
Details |
Page number |
144 |
Base year |
2023 |
Historic period |
2018-2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 5.57% |
Market Growth 2024-2028 |
USD 3.65 billion |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
5.39 |
Regional analysis |
APAC, North America, Europe, South America, and Middle East and Africa |
Performing market contribution |
APAC at 41% |
Key countries |
US, China, India, Germany, and UK |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
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., and RUSSELL BUILDING PRODUCTS LTD. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and market condition analysis for the forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Type
7 Market Segmentation by End-user
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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