The Global Roofing Tiles Market Size was valued at $30,400.0 million in 2019, and is projected to reach $41,354.9 million by 2027, registering a CAGR of 5.2% from 2020 to 2027. Roofing tiles are a type of tiles installed on the roof of the houses and apartments. They are manufactured from materials such as terracotta, clay, concrete, and slate. They are generally fixed with nails hung from the framework of a roof, overlapping the row below it. Roof tiles are preferred in residential construction, owing to its features and properties such as longevity, durability, fire resistance, wind resistance, and low long-term cost.
Roofing tile have low long-term cost but it has high upfront cost. Moreover, cost of installation of roofing system is also high. In addition, installation of roofing tiles requires skilled labor, which involves high wages. These factors are expected to hinder the growth of the market during the forecast period.
Increase in demand for roofing tiles can be attributed to the factors such as population growth and rapid urbanization & industrialization which drive the growth of the construction industry across the globe. In addition, rise in disposable income has resulted into the improvement in lifestyle of consumers across the globe due to which spend on new construction and remodeling of homes has increased, which may prove to be a crucial factor in the development of the market in the near future.
Further, technological advancement in tile manufacturing and rise in popularity of solar roof tiles provide a lucrative opportunity for the roofing tiles market growth in the near future. For instance, in October 2019, Tesla, Inc., a U.S.-based clean energy company launched Solar Roof tiles V3. The major advantage of solar roof tiles is that it acts as an alternative to conventional solar panels. In addition, it does not need frequent cleaning as there is no gap between the roof and solar roof tiles; thus, no debris can get caught in the system.
The governments of developing and developed countries such as Germany, India, China, Brazil, the UK, the U.S, and others have taken initiatives to provide their citizens with affordable housing, which will boost the growth of the roofing tile market during the forecast period. For instance, in June 2020, the Government of Canada has announced rebate programme of USD 30 million, which will help homeowners to save significant amount of money incurred on construction and renovation projects.
By Type
Others segment is projected to grow at a significant CAGR
However, the high installation cost of roofing systems restrains the market growth. The COVID-19 pandemic has enforced many companies in the global market to halt their business operations to comply with new government regulations for curbing the spread of COVID-19. This halt in operations directly impacts the revenue flow of the market supply chain. In addition, implementation of lockdown and the need to maintain social distancing during this pandemic has resulted in dearth of manpower, which, in turn, has negatively impacted the roofing tiles market revenue.
The global roofing tiles market is segmented on the basis of material type, construction type, end user, and region. By type, the market is categorized into clay roof tile, concrete roof tiles, and others. Others
segment includes metal roof tiles, solar roof tiles, and plastic roof tiles. Depending on construction type, it is fragmented into new construction and renovation & replacement. Based on end user, the market is bifurcated into residential and non-residential. Region wise, the roofing tiles market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
By End User
Residential segment holds dominant position in 2019
Asia-Pacific dominated the market in 2019, accounting for the highest share, and is anticipated to maintain this trend throughout the forecast period. This is attributed to improved economic conditions and initiatives taken by governments to provide affordable housing.
Competition Analysis
Key companies profiled in the report of roofing tiles market include 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.
The product launch is the key strategy being adopted by the key players to remain competitive in the market. For instance, in June 2019, Boral Limited based in Australia signed a property development management deed with Mirvac, which is a property investment firm in Australia.
By Region
Asia-Pacific holds a dominant position in 2019 and is expected to grow at a significant rate during the forecast period.
Key Benefits For Stakeholders
- The report provides an extensive analysis of the current and emerging roofing tiles market trends and dynamics.
- In-depth roofing tiles market analysis is conducted by the constructing market estimations for the key market segments between 2019 and 2027.
- Extensive analysis of the market is conducted by following key product positioning and monitoring of the top competitors within the market framework.
- A comprehensive analysis of all the regions is provided to determine the prevailing opportunities.
- The global roofing tiles market forecast analysis from 2020 to 2027 is included in the report.
- The key players within roofing tiles market are profiled in this report and their strategies are analyzed thoroughly, which help understand the competitive outlook of the roofing tiles industry.
Global Roofing Tiles Market Segments
By Material Type
- Clay Roof Tile
- Concrete Roof Tile
- Others
By Construction Type
- New Construction
- Renovation & Replacement
By End-user
- Residential
- Non-residential
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- Australia
- Rest of Asia-Pacific
- LAMEA
- Latin America
- Middle East ss
- Africa
Roofing Tiles Market Report Highlights
| Aspects | Details |
 By MATERIAL TYPE |
|
 By CONSTRUCTION TYPE |
|
 By END-USER |
|
 By Region |
|
 Key Market Players | Ludowici Roof Tile, .Eagle Roofing, Marley Ltd, Shital Potteries, MCA Clay Roof Tile, Crown Roof Tiles, Boral Limited, Terreal Malaysia Sdn bhd, EcoStar LLC, Dachziegelwerke Nelskamp GmbH |
Analyst Review
The global roofing tiles market is expected to grow at a significant rate in the near future, owing to growth in the construction sector globally. The factors such as rise in disposable income, rapid urbanization & industrialization, exponential growth in population, improved economic conditions of developing countries such as India, China, Brazil, Indonesia, Bangladesh, Egypt, and Argentina drive the market growth. Moreover, the governments of developing and developed countries are working toward the sustainable goals and one of them is affordable housing.
Furthermore, increase in the spending on reroofing and home remodeling along with recovery in the construction sector globally is expected to provide the necessary impetus to the roofing tile industry in the near future. Various types of roofing tiles are available in the market; however, choosing the appropriate roofing tile based on the climatic conditions is imperative. Various parameters such as cost, weight, energy efficiency, aesthetics, functionality, and climatic conditions are considered while selecting roofing tiles. Weight, wear resistance, and crack resistance plays a crucial role in facilitating optimal performance of roof tiles at minimum cost. The long-term cost of roofing tiles can be reduced by regular inspection and maintenance.
The Roofing tiles market size was valued at $30,400.0 million in 2019.
Based on material type, the concrete tiles segment holds the maximum market share of the Roofing tiles market in 2019.
To get latest version of Roofing tiles market report can be obtained on demand from the website.
The Roofing tiles market is projected to reach $ 41,354.9 million by 2027.
Rise in urbanization & industrialization in developing countries, and increase in spending on home remodeling are the key trends in the roofing tiles market.
The top ten market players are selected based on two key attributes - competitive strength and market positioning.
The product launch is key growth strategy of roofing tiles industry players.
The company profile has been selected on factors such as geographical presence, market dominance (in terms of revenue and volume sales), various strategies and recent developments.
High initial costs and predictive maintenance, fluctuating raw material prices are the effecting factors for roofing tiles market.
The applications of roofing tiles include indoor and outdoor for residential and commercial spaces.
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