The roofing tiles market is proliferating on the global platform witnessing increasing installations of different tiles as a roofing solution. Roofing tiles offer a durable, eco-friendly, energy-efficient, aesthetic, and waterproofing solution that gives an appealing finish and extra life to roofing structures. Rapid rise in construction sectors worldwide is a major driving force behind the significant market demand for roofing tiles.
Consumers increasingly pay more attention to add aesthetic value to roofing, preferring low maintenance products suitable to their needs. Resultantly, roofing tiles are widely used in residential, commercial, infrastructural, and industrial sectors worldwide. Moreover, improving standards and extreme hot weathers that demand cool roofing solutions increase the size of the market.
Rapid economic growth and urbanization drive the market demand, increasing consumer purchasing power and changing lifestyles. The COVID 19 disruptions severely hit the construction and roofing tiles industry. Industry players faced several challenges due to the coronavirus-driven lockdowns, such as disrupted supply chains, logistic issues in delivering end products, and attracting workers from quarantines.
However, the industry is projected to regain its momentum, witnessing augmented market demand worldwide. The market is expected to reboot soon, witnessing exponential growth in the building and construction sectors. In this regard, Market Research Future (MRFR) confirms that the global Roofing Tiles Market size is projected to reach USD 42,655 million by 2027 and is expected to witness 6.2% CAGR during the forecast period.
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Overview
The roofing tiles market outlook appears promising mainly due to the continually growing energy demand worldwide. Additionally, the rise in solar panel installations in commercial, industrial, and residential applications impacts the market growth positively. The growing government initiatives for infrastructure development benefit the roofing tiles market growth.
Also, the rapid uptake of cooling roofing tiles in residential set-ups and commercial and industrial sectors fosters the market demand. Conversely, some roofing tile materials cannot withstand heavy loads and get damaged by sharp objects. Also, extreme temperatures can easily damage them fading away their original colors. Simultaneously, the lack of awareness about emerging trends in roofing hampers the growth of the market.
Industry Trends
The best thing about roofing tiles is that they offer a wide range of solutions for quality and attractive roofing and waterproofing that can last longer. There are many kinds of roofing systems available for residential and commercial sectors these days.
Commercial roofing solutions are mostly used in large building structures like office buildings, shopping malls, hospitals, colleges, and houses. Depending on their designs, most of them employ aluminum, asphalt, fiberglass, wood or another material.
There are many innovations in roofing technologies as well as in tile materials like stone-coated metal roofing tiles, solar roofing, cool roofing tiles, and anti-microbial steel-coated. These tiles garner higher volume traction, witnessing vast adoption in warehousing, cold storage, and hospitals. Cool roofs and anti-microbial steel-coated tiles are widely used by homeowners.
Moreover, global warming issues and scorching summers substantiate the market demand for stone-coated metal roofing tiles and clay tiles, raising temperatures inside the building. Cooling tiles are energy efficient and less reliant on mechanical cooling, powered by an already strained power grid. Cool roofing technology provides substantial energy savings, supporting a greener economy, which increases the market size.
Similarly, stone-coated metal roofing tiles are developed using homogenous stones; therefore, their characteristics are not easily affected by changing weather conditions. Also, these tiles are burglar-proof and fire-resistant and come in a wider variety of color profiles and hence, widely used by homeowners.
Increasing projects to renovate or reconstruct commercial buildings, such as retail stores, office buildings, warehouses, industrial centers, and other such structures, boost the market size. On the other hand, solar tiles market share is growing due to the rising renewable energy and energy-efficient practices offering attainable and low-cost and sustainable energy passive solutions.
On the other hand, high manufacturing costs that increase the overall cost of roofing tiles are a key factor impeding the market growth. Nevertheless, a cool and pleasant indoor environment that roofing tiles offer would support the market growth throughout the review period.
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Segmentation
The roofing tiles market analysis is segmented into type, application, and region. The type segment is sub-segmented into clay, concrete, metal, and others. Among these, the sub-segment clay holds the largest market share, witnessing increasing uses due to its durability, aesthetic appeal, eco-friendliness, and energy efficiency.
The application segment is sub-segmented into residential, commercial, infrastructural, and industrial. Among these, the sub-segment residential holds the largest market share due to the rapid growth of the real estate industry in developing economies.
Besides, considerable growth in residential constructions is further expected to add to the segment's growth. By regions, the market is sub-segmented into the Asia Pacific, Americas, Europe, and rest-of-the-world.
Regional Analysis
The Asia Pacific region dominates the global roofing tiles market, heading with the rapid growth in the economy and construction sectors in many regions. Besides, rapid urbanization and industrialization, alongside the changing lifestyle and consumer preference, drive the regional market growth. The region is expected to continue with its leadership throughout the forecast period, witnessing high sales.
North America stands second in the global roofing tiles market, witnessing increasing numbers of construction projects. Additional factors influencing the market rise include the growth in education and commercial industries and technological advancements that help develop novel properties in materials like high durability, hygiene, cost efficiency, and low maintenance.
Competitive Landscape
Fiercely competitive, the roofing tiles market appears fragmented due to the presence of numerous players. Players leading the roofing tiles market include Etex Group (Belgium), Tesla (US), Boral Limited (Australia), Brava Roof Tile (US), Atlas Roofing Corporation (US), Crown Roof Tiles (US), Eagle Roofing (US), Ecostar LLC (US), Red Land Tiles, and Wienerberger AG, among others.
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The global Roofing Tiles Market research report, published by Value Market Research, is designed to offer various market framework such as market size, portion, trends, growth path, value and factors that impact the current market dynamics over the forecast period 2021-2027.
Most importantly, this report also provides the latest significant strategies adopted by major players along with their market share.The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide.
The major players in the roofing tiles market include Boral Limited, DachziegelwerkeNelskamp GmbH, MCA Clay Roof Tile, Crown Roof Tiles, Eagle Roofing, EcoStar LLC, Ludowici Roof Tile, Marley Ltd., Shital Potteries, Terreal Malaysia Sdn bhd.
This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.Get more information on "Global Roofing Tiles Market Research Report" by requesting FREE Sample Copy athttps://www.valuemarketresearch.com/contact/roofing-tiles-market/download-sampleMarket DynamicsThe expanding housing construction market and an increased focus on energy-efficient buildings will be the main drivers for this market's growth.
The development of solar roof tiles that act as alternatives to solar panels will provide lucrative effort market growth.
The main barriers hampering this market's growth are high costs, installation difficulties, and not fit for all roof types.The report covers Porter’s Five Forces Model, Market Attractiveness Analysis and Value Chain analysis.
The Roofing Tiles Market was valued at USD 29.87 billion in 2019 and is predicted to reach USD 46.97 billion by 2030 with a CAGR of 4.2% from 2020-2030.Roofing tiles provide additional protection to houses or apartments against adverse weather conditions such as rain, heat, cyclone or storm.
In terms of performance and durability, roofing tiles are better compared to other roofing options.
There are different types of roofing tiles available in the market such as traditional clay tiles, cement tiles, shingles and white clay tiles.Access Full Description of this report at:- https://www.nextmsc.com/report/roofing-tiles-market Top Companies: Boral Limited, Crown Roof Tiles, Dachziegelwerke, Eagle Roofing, Ecostar LLC, Ludowici Roof Tile, Marley Ltd, MCA Clay Roof Tile, Shital Potteries and others.The roofing tiles market share is categorized on the basis of material type, construction type, end user and geography.
On the basis of end user, the market is classified into residential and non-residential.
Geographic segmentation and analysis of each segment includes regions comprising North America, Europe, Asia Pacific and RoW.Request free sample copy of this report at:- https://www.nextmsc.com/roofing-tiles-market/request-sample In terms of geography, Asia Pacific holds the lion share of the roofing tiles market.
However, North America is also expected to witness steady market growth during the forecast period due to the increasing technological innovations, rise in living standards and rapid urbanization.About Next Move Strategy Consulting:Next Move Strategy Consulting is an independent and trusted third-platform market intelligence provider, committed to deliver high quality, market research reports that help multinational companies to triumph over their competitions and increase industry footprint by capturing greater market share.
Global Roofing Tiles Market Research Report: Information by Type (Clay, Concrete, Metal and others), Application (Residential, Commercial, Infrastructural, Industrial) and Region (North America, Europe, Asia-Pacific, South America and Middle East & Africa) - Forecast till 2025Market Synopsis: Global Roofing Tiles MarketThe Global Roofing Tiles Market is expected to witness sustainable growth during the forecast period owing to the growth of the construction industry and the rising consumers' awareness of the benefits of clay roof tiles.
Such benefits make customers use roofing tiles in their buildings.The Global Roofing Tiles Market was valued at USD 27.4 Billion in 2018 and is expected to witness 4.2% CAGR during the forecast period.Get a FREE Sample with Complete TOC @ https://www.marketresearchfuture.com/sample_request/8534Key PlayersThe Prominent Players in the Global Roofing Tiles Market are Brava Roof Tile (US), Crown Roof Tiles (US), and Wienerberger AG, Tesla (US), Red Land Tiles, Atlas Roofing Corporation (US), tex Group (Belgium), Boral Limited (Australia), Ecostar LLC, Eagle Roofing (US)Segmentation: Global Roofing Tiles MarketThe Global Roofing Tiles Industry has been segmented based on type and application.
Such roofing tiles are an ideal option for homeowners as these tiles are strong, attractive, eco-friendly, and energy-efficient and provide various advantages of installing a roof in any building.By application, the global market has been segmented as residential, commercial, infrastructural, and industrial.
The residential segment held the largest market share in 2018, which is expected to witness the fastest growth rate during the forecast period.
The rapid growth of the real estate industry in developing economies such as India and China, have led to considerable growth in the construction of residential properties, which is further expected to add to the growth of the segment.Asia-Pacific is expected to witness the fastest growth in the global roofing tiles market during the forecast period: MRFROn the basis of region, the global roofing tiles market is segmented into North America, Europe, Asia-Pacific, Middle East & Africa, and South America.
This can be attributed to the growth of the building & construction industry, mainly in emerging economies such as China and India.
