The roofing tiles market has experienced substantial growth over the past few years. Roofing tiles are durable roof coverings typically made from clay, concrete, or other materials. They provide roof protection from rain, snow, wind, and sunlight. The growing construction industry has augmented the demand for roofing tiles significantly. Integrated photovoltaic technology facilitates the production of roofing tiles that can generate electricity by harnessing solar energy. The ability to harvest energy from rooftop solar installations is driving the adoption of roofing tiles integrated with photovoltaics.
The global roofing tiles market is estimated to be valued at US$ 45.71 billion in 2024 and is expected to exhibit a CAGR of 6.1% over the forecast period 2024-2029.
Key Takeaways Key players operating in the roofing tiles market are Berkshire Hathaway, Owens Corning, Boral Limited, James Hardie Building Products Inc., and Etex Group. The construction of green buildings and the implementation of solar rooftop mandates by governments present significant growth opportunities in the market. Technological advancements such as the development of roofing tiles with higher solar power conversion efficiency and self-cleaning surfaces are anticipated to boost market expansion.
Global Expansion
Also, permanent or long-term shortage of skilled labor for installation of roofing tiles is a major issue in both developed and developing countries. This is limiting the Roofing Tiles Market Growth potential of the market. Development of suitable alternatives like metal roofing sheets is also posing a competitive threat to traditional roofing tile products.
Market Drivers Growing construction of residential and commercial infrastructure: Rapid urbanization and the rising disposable income of consumers are fueling residential construction activities globally. This is increasing the demand for roofing tiles. Favorable government policies supporting green buildings: Most countries offer subsidies and tax credits to promote the construction of green buildings installed with solar rooftops. This is propelling the adoption of roofing tiles integrated with photovoltaics. Increasing awareness about renewable energy: Concerns regarding carbon emissions and climate change have raised awareness about the need for renewable energy. This is driving the preference for roofing tiles that can harness solar energy.
Roofing Tiles Market: Current Challenges The roofing tiles market is facing several challenges currently. Suppliers are facing rising costs of raw materials like clay and cement used for manufacturing roofing tiles. This is putting pressure on their margins. Environmental regulations around mining activities for raw materials extraction have become stricter in recent years. This is increasing compliance costs for manufacturers.
Swot Analysis Strength: Roofing tiles provide durability and longevity. They have fireproof qualities. Weakness: Tiles are heavy and installation requires specialized skills. Production of tiles involves energy intensive processes.
Opportunity: Growing construction industry in developing nations is increasing demand. New designs and styles are expanding product appeal. Threats: Alternate roofing materials like metal sheets are gaining traction. Strict regulations around mining can impact raw material supply. The Asia Pacific region accounts for the largest share in the global roofing tiles market, both in terms of production and consumption. Countries like China, India, Indonesia, and Japan have substantial manufacturing capacity and domestic demand for roofing tiles. Europe is another major regional market, led by countries such as Spain, France, Italy, and Germany.
The Middle East and Africa region is expected to witness the fastest growth during the forecast period due to ongoing infrastructure development projects across the region. The fastest growing regional market for roofing tiles is expected to be Latin America over the forecast period. Countries like Brazil, Mexico, Colombia are undergoing rapid urbanization which is driving growth of residential and commercial construction industries. This is increasing the replacement demand for conventional roofing materials with tiles in the region.
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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.
