Roofing Tiles Market Dynamics - 2021 to 2031
The Roofing Tiles Market is expected to register a CAGR of 6% from 2023 to 2031, with a market size expanding from US$ XX million in 2023 to US$ XX Million by 2031.
Roofing Tiles Market covers analysis By Type (Clay Tiles, Concrete Tiles, Others); End-user (Residential, Non-residential), and Geography (North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America). Roofing tiles are a type of tiles that are installed on the roof of the building or houses. They are manufactured from materials such as concrete, clay, and others. The growing construction of residential buildings and growing consumer spending on home renovation and enhancement activities are propelling the growth of the roofing tiles market during the forecast period.
Purpose of the ReportThe report Roofing Tiles Market by The Insight Partners aims to describe the present landscape and future growth, top driving factors, challenges, and opportunities. This will provide insights to various business stakeholders, such as:
- Technology Providers/Manufacturers: To understand the evolving market dynamics and know the potential growth opportunities, enabling them to make informed strategic decisions.
- Investors: To conduct a comprehensive trend analysis regarding the market growth rate, market financial projections, and opportunities that exist across the value chain.
- Regulatory bodies: To regulate policies and police activities in the market with the aim of minimizing abuse, preserving investor trust and confidence, and upholding the integrity and stability of the market.
Roofing Tiles Market Segmentation
Type- Clay Tiles
- Concrete Tiles
- Residential
- Non-residential
Strategic Insights
Roofing Tiles Market Growth Drivers- Rapid Urbanization Drives Demand for Roofing Tiles in Residential Construction: Rapid urbanization and rising populations create demand for housing and, consequently, increase the need for roofing tiles in residential construction. Being long-lasting, good-looking, and weather-resistant, tiles are a favorite for homes and especially in developing urban centres around the globe.
- Roofing Tiles Offer Long Lifespan and Resistance to Extreme Weather: Roofing tiles are best known for a long lifespan, for its resistance to extreme weather conditions like winds, heavy rains, and extreme temperature conditions. This makes them the preference of many homeowners seeking hassle-free, long time roofing solution, thus promoting market growth.
- Increasing Disposable Incomes Boost Demand for Premium Roofing Tiles: Where disposable incomes are increasing, especially in emerging markets, consumers are willing to spend more on better-quality building materials. Roofing tiles are perceived as premium due to their durability and energy efficiency, hence are more in demand in both the residential and commercial sectors.
- Aesthetic Appeal Drives Demand for Roofing Tiles: Roofing tiles are also available in various styles, colors, and finishes, which gives high aesthetic value to residential and commercial properties. Homeowners and builders prefer tiles more these days to make their structures more architectural, which further accelerates the growth of the market for roofing tiles.
- Government Regulations Promote the Use of Sustainable Roofing Tiles: Stringent government regulations concerning the building of energy-efficient, sustainable, and ecofriendly roofs also promote the use of roofing tiles. Most roofing tiles, like clay, concrete, and even solar tile options, contribute positively to sustainability due to energy efficiency and extended lifespan, among other reasons, along with governmental regulatory trends.
- Rise in House Renovations and Retrofitting Boosts Roofing Tile Popularity: Roofing tiles are gaining popularity since the increased numbers of house renovations and retrofitting with modern, long-lasting materials. Aging roof replacements have become a common trend in which homeowners are increasingly choosing tiles to rejuvenate their homes both in terms of appearance and performance, especially in the regions with typical home settings.
- Increased Demand for Weather-Resistant Roofing Tiles Due to Climate Disasters: Increasing weather-related disasters are creating an ever-escalating demand for roofing materials with the capability to resist extreme conditions. Under these considerations, clay and concrete roofing tiles are the most valued because they provide great resistance against heavy winds and rains and temperature fluctuations, thereby stimulating higher demand in the market.
- Innovation in Roofing Tile Manufacturing Drives Market Growth: In the manufacturing process, innovation has led to the addition of lightweight tiles, improved coatings, and durability in the roofing tiles. As these technologies make tiles cheaper to install and more energy performance efficient, so it stimulates this market's growth.
- Architectural Trends Favoring Traditional Roofing Tiles: With the architectural trends changing in favor of more traditional, rustic, and aesthetically pleasing homes, roofing tiles—namely terracotta, clay, and slate—are finding greater usage. As they can easily be blended with varying forms of architecture besides offering protection that is way better than other alternatives available, their demand is rising across residential as well as commercial construction projects.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Roofing Tiles Market, providing a holistic landscape.
- Expert Analysis: The report is compiled based on the in-depth understanding of industry experts and analysts.
- Up-to-date Information: The report assures business relevance due to its coverage of recent information and data trends.
- Customization Options: This report can be customized to cater to specific client requirements and suit the business strategies aptly.
The research report on the Roofing Tiles Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.
REGIONAL FRAMEWORK
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Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
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to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
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to country scope.
Frequently Asked Questions
The Roofing Tiles Market is estimated to witness a CAGR of 6% from 2023 to 2031
Growth in renovation activities is a key driver in the market
Atlas Roofing Corporation, Boral Limited, Brava Roof Tile, Crown Roof Tiles, Eagle Roofing, EcoStar LLC, Ludowici Roof Tile, Marley Ltd, MCA Clay Roof Tile, and Trevis Perkins are some of the key players in the market.
The clay type segment accounted for the largest market share in 2023
The Asia Pacific market is expected to account for the highest CAGR during the forecast period due to the increasing demand from the construction industry in the region.
Technological advancements in the construction industry is an emerging trend in the market
TABLE OF CONTENTS
1.INTRODUCTION
1.1.SCOPE OF THE STUDY
1.2.THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3.MARKET SEGMENTATION
1.3.1Roofing Tiles Market - By Type
1.3.2Roofing Tiles Market - By End-user
1.3.3Roofing Tiles Market - By Region
1.3.3.1By Country
2.KEY TAKEAWAYS
3.RESEARCH METHODOLOGY
4.ROOFING TILES MARKET LANDSCAPE
4.1.OVERVIEW
4.2.PEST ANALYSIS
4.2.1North America - Pest Analysis
4.2.2Europe - Pest Analysis
4.2.3Asia-Pacific - Pest Analysis
4.2.4Middle East and Africa - Pest Analysis
4.2.5South and Central America - Pest Analysis
4.3.ECOSYSTEM ANALYSIS
4.4.EXPERT OPINIONS
5.ROOFING TILES MARKET - KEY MARKET DYNAMICS
5.1.KEY MARKET DRIVERS
5.2.KEY MARKET RESTRAINTS
5.3.KEY MARKET OPPORTUNITIES
5.4.FUTURE TRENDS
5.5.IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6.ROOFING TILES MARKET - GLOBAL MARKET ANALYSIS
6.1.ROOFING TILES - GLOBAL MARKET OVERVIEW
6.2.ROOFING TILES - GLOBAL MARKET AND FORECAST TO 2028
6.3.MARKET POSITIONING/MARKET SHARE
7.ROOFING TILES MARKET - REVENUE AND FORECASTS TO 2028 â" TYPE
7.1.OVERVIEW
7.2.TYPE MARKET FORECASTS AND ANALYSIS
7.3.CLAY TILES
7.3.1.Overview
7.3.2.Clay Tiles Market Forecast and Analysis
7.4.CONCRETE TILES
7.4.1.Overview
7.4.2.Concrete Tiles Market Forecast and Analysis
7.5.OTHERS
7.5.1.Overview
7.5.2.Others Market Forecast and Analysis
8.ROOFING TILES MARKET - REVENUE AND FORECASTS TO 2028 â" END-USER
8.1.OVERVIEW
8.2.END-USER MARKET FORECASTS AND ANALYSIS
8.3.RESIDENTIAL
8.3.1.Overview
8.3.2.Residential Market Forecast and Analysis
8.4.NON-RESIDENTIAL
8.4.1.Overview
8.4.2.Non-residential Market Forecast and Analysis
9.ROOFING TILES MARKET REVENUE AND FORECASTS TO 2028 â" GEOGRAPHICAL ANALYSIS
9.1.NORTH AMERICA
9.1.1North America Roofing Tiles Market Overview
9.1.2North America Roofing Tiles Market Forecasts and Analysis
9.1.3North America Roofing Tiles Market Forecasts and Analysis - By Type
9.1.4North America Roofing Tiles Market Forecasts and Analysis - By End-user
9.1.5North America Roofing Tiles Market Forecasts and Analysis - By Countries
9.1.5.1United States Roofing Tiles Market
9.1.5.1.1United States Roofing Tiles Market by Type
9.1.5.1.2United States Roofing Tiles Market by End-user
9.1.5.2Canada Roofing Tiles Market
9.1.5.2.1Canada Roofing Tiles Market by Type
9.1.5.2.2Canada Roofing Tiles Market by End-user
9.1.5.3Mexico Roofing Tiles Market
9.1.5.3.1Mexico Roofing Tiles Market by Type
9.1.5.3.2Mexico Roofing Tiles Market by End-user
9.2.EUROPE
9.2.1Europe Roofing Tiles Market Overview
9.2.2Europe Roofing Tiles Market Forecasts and Analysis
9.2.3Europe Roofing Tiles Market Forecasts and Analysis - By Type
9.2.4Europe Roofing Tiles Market Forecasts and Analysis - By End-user
9.2.5Europe Roofing Tiles Market Forecasts and Analysis - By Countries
9.2.5.1Germany Roofing Tiles Market
9.2.5.1.1Germany Roofing Tiles Market by Type
9.2.5.1.2Germany Roofing Tiles Market by End-user
9.2.5.2France Roofing Tiles Market
9.2.5.2.1France Roofing Tiles Market by Type
9.2.5.2.2France Roofing Tiles Market by End-user
9.2.5.3Italy Roofing Tiles Market
9.2.5.3.1Italy Roofing Tiles Market by Type
9.2.5.3.2Italy Roofing Tiles Market by End-user
9.2.5.4United Kingdom Roofing Tiles Market
9.2.5.4.1United Kingdom Roofing Tiles Market by Type
9.2.5.4.2United Kingdom Roofing Tiles Market by End-user
9.2.5.5Russia Roofing Tiles Market
9.2.5.5.1Russia Roofing Tiles Market by Type
9.2.5.5.2Russia Roofing Tiles Market by End-user
9.2.5.6Rest of Europe Roofing Tiles Market
9.2.5.6.1Rest of Europe Roofing Tiles Market by Type
9.2.5.6.2Rest of Europe Roofing Tiles Market by End-user
9.3.ASIA-PACIFIC
9.3.1Asia-Pacific Roofing Tiles Market Overview
9.3.2Asia-Pacific Roofing Tiles Market Forecasts and Analysis
9.3.3Asia-Pacific Roofing Tiles Market Forecasts and Analysis - By Type
9.3.4Asia-Pacific Roofing Tiles Market Forecasts and Analysis - By End-user
9.3.5Asia-Pacific Roofing Tiles Market Forecasts and Analysis - By Countries
9.3.5.1Australia Roofing Tiles Market
9.3.5.1.1Australia Roofing Tiles Market by Type
9.3.5.1.2Australia Roofing Tiles Market by End-user
9.3.5.2China Roofing Tiles Market
9.3.5.2.1China Roofing Tiles Market by Type
9.3.5.2.2China Roofing Tiles Market by End-user
9.3.5.3India Roofing Tiles Market
9.3.5.3.1India Roofing Tiles Market by Type
9.3.5.3.2India Roofing Tiles Market by End-user
9.3.5.4Japan Roofing Tiles Market
9.3.5.4.1Japan Roofing Tiles Market by Type
9.3.5.4.2Japan Roofing Tiles Market by End-user
9.3.5.5South Korea Roofing Tiles Market
9.3.5.5.1South Korea Roofing Tiles Market by Type
9.3.5.5.2South Korea Roofing Tiles Market by End-user
9.3.5.6Rest of Asia-Pacific Roofing Tiles Market
9.3.5.6.1Rest of Asia-Pacific Roofing Tiles Market by Type
9.3.5.6.2Rest of Asia-Pacific Roofing Tiles Market by End-user
9.4.MIDDLE EAST AND AFRICA
9.4.1Middle East and Africa Roofing Tiles Market Overview
9.4.2Middle East and Africa Roofing Tiles Market Forecasts and Analysis
9.4.3Middle East and Africa Roofing Tiles Market Forecasts and Analysis - By Type
9.4.4Middle East and Africa Roofing Tiles Market Forecasts and Analysis - By End-user
9.4.5Middle East and Africa Roofing Tiles Market Forecasts and Analysis - By Countries
9.4.5.1South Africa Roofing Tiles Market
9.4.5.1.1South Africa Roofing Tiles Market by Type
9.4.5.1.2South Africa Roofing Tiles Market by End-user
9.4.5.2Saudi Arabia Roofing Tiles Market
9.4.5.2.1Saudi Arabia Roofing Tiles Market by Type
9.4.5.2.2Saudi Arabia Roofing Tiles Market by End-user
9.4.5.3U.A.E Roofing Tiles Market
9.4.5.3.1U.A.E Roofing Tiles Market by Type
9.4.5.3.2U.A.E Roofing Tiles Market by End-user
9.4.5.4Rest of Middle East and Africa Roofing Tiles Market
9.4.5.4.1Rest of Middle East and Africa Roofing Tiles Market by Type
9.4.5.4.2Rest of Middle East and Africa Roofing Tiles Market by End-user
9.5.SOUTH AND CENTRAL AMERICA
9.5.1South and Central America Roofing Tiles Market Overview
9.5.2South and Central America Roofing Tiles Market Forecasts and Analysis
9.5.3South and Central America Roofing Tiles Market Forecasts and Analysis - By Type
9.5.4South and Central America Roofing Tiles Market Forecasts and Analysis - By End-user
9.5.5South and Central America Roofing Tiles Market Forecasts and Analysis - By Countries
9.5.5.1Brazil Roofing Tiles Market
9.5.5.1.1Brazil Roofing Tiles Market by Type
9.5.5.1.2Brazil Roofing Tiles Market by End-user
9.5.5.2Argentina Roofing Tiles Market
9.5.5.2.1Argentina Roofing Tiles Market by Type
9.5.5.2.2Argentina Roofing Tiles Market by End-user
9.5.5.3Rest of South and Central America Roofing Tiles Market
9.5.5.3.1Rest of South and Central America Roofing Tiles Market by Type
9.5.5.3.2Rest of South and Central America Roofing Tiles Market by End-user
10.INDUSTRY LANDSCAPE
10.1.MERGERS AND ACQUISITIONS
10.2.AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3.NEW PRODUCT LAUNCHES
10.4.EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11.ROOFING TILES MARKET, KEY COMPANY PROFILES
11.1.ATLAS ROOFING CORPORATION
11.1.1.Key Facts
11.1.2.Business Description
11.1.3.Products and Services
11.1.4.Financial Overview
11.1.5.SWOT Analysis
11.1.6.Key Developments
11.2.BORAL LIMITED
11.2.1.Key Facts
11.2.2.Business Description
11.2.3.Products and Services
11.2.4.Financial Overview
11.2.5.SWOT Analysis
11.2.6.Key Developments
11.3.BRAVA ROOF TILE
11.3.1.Key Facts
11.3.2.Business Description
11.3.3.Products and Services
11.3.4.Financial Overview
11.3.5.SWOT Analysis
11.3.6.Key Developments
11.4.CROWN ROOF TILES
11.4.1.Key Facts
11.4.2.Business Description
11.4.3.Products and Services
11.4.4.Financial Overview
11.4.5.SWOT Analysis
11.4.6.Key Developments
11.5.EAGLE ROOFING
11.5.1.Key Facts
11.5.2.Business Description
11.5.3.Products and Services
11.5.4.Financial Overview
11.5.5.SWOT Analysis
11.5.6.Key Developments
11.6.ECOSTAR LLC
11.6.1.Key Facts
11.6.2.Business Description
11.6.3.Products and Services
11.6.4.Financial Overview
11.6.5.SWOT Analysis
11.6.6.Key Developments
11.7.LUDOWICI ROOF TILE
11.7.1.Key Facts
11.7.2.Business Description
11.7.3.Products and Services
11.7.4.Financial Overview
11.7.5.SWOT Analysis
11.7.6.Key Developments
11.8.MARLEY LTD
11.8.1.Key Facts
11.8.2.Business Description
11.8.3.Products and Services
11.8.4.Financial Overview
11.8.5.SWOT Analysis
11.8.6.Key Developments
11.9.MCA CLAY ROOF TILE
11.9.1.Key Facts
11.9.2.Business Description
11.9.3.Products and Services
11.9.4.Financial Overview
11.9.5.SWOT Analysis
11.9.6.Key Developments
11.10.TREVIS PERKINS
11.10.1.Key Facts
11.10.2.Business Description
11.10.3.Products and Services
11.10.4.Financial Overview
11.10.5.SWOT Analysis
11.10.6.Key Developments
12.APPENDIX
12.1.ABOUT THE INSIGHT PARTNERS
12.2.GLOSSARY OF TERMS
The List of Companies
1. Atlas Roofing Corporation
2. Boral Limited
3. Brava Roof Tile
4. Crown Roof Tiles
5. Eagle Roofing
6. EcoStar LLC
7. Ludowici Roof Tile
8. Marley Ltd
9. MCA Clay Roof Tile
10. Trevis Perkins
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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