Roofing Tiles Market Demand Analysis by Top Players 2021 to 2030
Posted by Vedika on April 18th, 2021
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. They also give a vintage and aesthetic charm to the apartments. In terms of performance and durability, roofing tiles are better compared to other roofing options. These titles are built with raw materials such as terracotta, slate, concrete, metal and plastics. There are different types of roofing tiles available in the market such as traditional clay tiles, cement tiles, shingles and white clay tiles.
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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 material type the market is segmented into clay tiles, concrete tiles and others. On the basis of construction, the market is divided into new construction, and renovation & replacement. 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.
In terms of geography, Asia Pacific holds the lion share of the roofing tiles market. This is attributed to factors such as growing residential and commercial construction, government initiatives to provide affordable housing and improved economic conditions of the region. 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.
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About the AuthorVedika
Joined: November 28th, 2020
Articles Posted: 128
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