Market Research Report
Roofing Tiles Market by Material Type, by Construction Type, and End-User : Global Opportunity Analysis and Industry Forecast, 2020-2027
|Published by||Allied Market Research||Product code||970251|
|Published||Content info||225 Pages
Delivery time: 2-3 business days
|Roofing Tiles Market by Material Type, by Construction Type, and End-User : Global Opportunity Analysis and Industry Forecast, 2020-2027|
|Published: September 23, 2020||Content info: 225 Pages||
The global roofing tiles market 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. Roof tiles are installed on the roof, which protects it from rain, hail, heat, and cold. Various types of roof tiles include clay roof tile, concrete roof tile, metal roof tile, solar roof tile, plastic roof tile, and others. Roof tiles are generally used in residential construction due to its durability, fire resistance, and others.
The factors such as population growth, rise in urbanization coupled with increase in industrialization in developing countries such as India, China, Brazil, Indonesia, Bangladesh, and Egypt drive the construction activities which is expected to drive the growth of the global roofing tiles market during the forecast period. However, the COVID-19 pandemic has enforced many companies in the global roofing tiles 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 roofing tiles 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 market revenue.
On the contrary, technical advancements in roofing systems are anticipated to offer lucrative growth opportunities for the market players during the forecast period.
The global roofing tiles market is segmented into type, construction type, end-user industry, and region. By type, the market is categorized into clay roof tile, concrete roof tiles, and others (which 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 industry, the market is bifurcated into residential and non-residential. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. 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 increase in population, urbanization, and government initiatives for affordable housing.
The key companies profiled in the report 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.
BY MATERIAL TYPE
BY CONSTRUCTION TYPE
BY END-USER INDUSTRY