Report Ocean has recently published a new research study on the global roofing tiles market. According to the study, the market is expected to exhibit strong growth potential over the period from 2020 to 2027. The report is titled “Roofing Tiles Market by Material Type (Clay Tiles, Concrete Tiles, and Others), by Construction Type (New Construction, and Renovation & Replacement), and End-User (Residential and Non-residential): Global Opportunity Analysis and Industry Forecast, 2020–2027” and it has been prepared by carrying out an in-depth assessment of this market based on its past and current performance and future prospects.
In 2019, the global roofing tiles market reached US$30.40 bn in valuation. Expanding at CAGR of 5.20% from 2020 to 2027, the market is projected to reach US$41.35 bn by the end of the forecast period. The growth in this market is driven by the increase in construction activities, which is led by various factors, such as population growth, surge in urbanization and industrialization in developing economies, such as Brazil, India, Bangladesh, Indonesia, and Egypt. Going forward, technological advancements in roofing systems are anticipated to offer lucrative opportunities for market players over the forecast period.
Impact of Covid 19 on Global Roofing Tiles Market
The Covid 19 pandemic severely impacted the global roofing tiles market, since many companies were enforced to stop operations in order to comply with new regulations by governments regarding the Coronavirus outbreak. This stoppage of work led to a drastic decline in the revenue of market players, which reflected on the growth of the global market. In addition to this, the lockdown and social distancing norms have resulted in lack of manpower, which is also impacting the market’s rise, considerably.
Demand for Concrete Roofing Tiles to Remain Higher
The research report has analyzed the worldwide roofing tiles market on the basis of type, construction type, end-use industry, and the region. Based on the type, the market has been classified into clay roof tile, concrete roof tiles, and others, including roof tiles, solar roof tiles, and plastic roof tiles. Concrete roof tiles have been registering a greater demand than the other two segments. Researchers expect this scenario to remain so over the next few years.
Depending on the construction type, the report recognizes new construction and renovation and replacement. Based on end-user industry, the market has been classified into residential and non-residential.
Regionally, the report considers North America, Europe, Asia Pacific, and LAMEA as main regional markets for roofing tiles across the world. In 2019, Asia Pacific led the global market and is anticipated to retain its position during the period of forecast. Factors, such as the increase in population, rising urbanization, and surge in government initiatives for affordable housing are likely to support this regional market in the years to come.
The key companies assessed in the research report are Boral Limited, Dachziegelwerke, Crown Roof Tiles, Eagle Roofing, Ludowici Roof Tile, Ecostar LLC, Marley Ltd., Shital Potteries, MCA Clay Roof Tile, and Terreal Malaysia Sdn bhd.
- Asia Pacific has been leading the global market and is anticipated to retain its position during the period of forecast.
- Concrete roof tiles have been registering a greater demand.
The global tiles market is segmented into:
By Material Type
- Clay Roof Tile
- Concrete Roof Tile
By Construction Type
- New Construction
- Renovation & Replacement
By End-use Industry
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Saudi Arabia
- South Africa
- Rest of LAMEA
Companies Mentioned in the Report
- Boral Limited
- Crown Roof Tiles
- Eagle Roofing
- Ecostar LLC
- Ludowici Roof Tile
- Marley Ltd
- MCA Clay Roof Tile
- Shital Potteries
- Terreal Malaysia Sdn bhd
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