Roofing Tiles Market to Grow at 4.2% CAGR by 2030
Increasing construction activities across the globe, surging demand for advanced materials and government initiatives to provide affordable housing are the major factors driving the roofing tiles market growth.
The global Roofing Tiles Market is expected to grow at a CAGR of 4.2% from 2020-2030, according to a new research report by Next Move Strategy Consulting.
Roofing tiles protect houses from heat, rain and extreme wind. These tiles are manufactured from materials such as terracotta, slate, concretes and clay. There is a huge demand of roofing tiles across the globe due to its high durability and performance. Roofing tiles are waterproof and help create a good appearance of the house.
Increasing demand of green buildings among citizens, growing population, and rising urbanization have driven the roofing tiles market growth. However, unorganized sector, huge supply gap and high installation charges are expected to hamper the market growth of roofing tiles to an extent.
The roofing tiles market share has been segmented on the basis of material type, construction type, end users and geography. Based on construction type, the market is segmented into new construction, and renovation & replacement. Based on material type, the market is divided into clay tiles, concrete tiles and others. Based on 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.
According to the report, Asia Pacific holds the major share of the roofing tiles market. This is attributed to the factors such as improving economy and governments initiatives to provide affordable housing in the region. However, North America is also expected to witness steady market growth during the forecast period due to increasing technological innovations, rising living standards and rapid urbanization.
According to the report, some of the key players of the market are 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.
Browse key industry insights from the report, “Roofing Tiles Market by Materials Type (Clay Tiles, Concrete Tiles and Others), by Construction Type (New Construction, and Renovation & Replacement) and by End-User (Residential and Non- residential)- Global Opportunity Analysis and Industry Forecast 2020-2030.”
Key Insights from the Roofing Tiles Market Report:
- Current emerging trends and opportunities are extensively analysed in the roofing tiles market report.
- The forecast of the roofing tiles market comes along with additional information associated with opportunities, restrains and key drivers in the market.
The report roofing tiles market- segmented by material type, construction type, end user and geography.
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