USD 32.43 Billion
Roofing Tiles Market Size, Share, Growth Analysis, By Type(Clay, Ceramic, Concrete, Ceramic-coated granules), By End user(Residential and Non-Residential (Commercial, Infrastructure, Industrial)), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG20C2088 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|Tables:
61
|Figures:
75
Roofing Tiles Market Insights
Global Roofing Tiles Market size was valued at USD 32.43 Billion in 2021 and is poised to grow from USD 33.80 Billion in 2022 to USD 46.97 Billion by 2030, at a CAGR of 4.2% during the forecast period (2023-2030).
The global roofing tiles market has witnessed steady growth in recent years, driven by various factors, while also facing certain challenges. One of the key drivers behind the growth of the global roofing tiles market is the booming construction industry. Rapid urbanisation, population growth, and increasing disposable incomes have led to a surge in construction activities, particularly in emerging economies. This has translated into a higher demand for roofing tiles as an essential component of building structures. Additionally, the growing awareness of energy efficiency and sustainable construction practices has propelled the adoption of roofing tiles. Many roofing tiles now come with advanced features like thermal insulation and solar reflectivity, helping reduce energy consumption and creating more energy-efficient buildings.
The emphasis on sustainability and eco-friendly construction solutions has further bolstered the demand for roofing tiles in both residential and commercial sectors. Moreover, the availability of a wide range of roofing tile materials, styles, and colours has expanded the market's appeal. From traditional materials like clay and concrete to newer options such as metal and synthetic materials, customers have a variety of choices to suit their preferences and project requirements. The aesthetic appeal and versatility of roofing tiles have contributed to their popularity in architectural design. However, the global roofing tiles market also faces certain challenges. One of the primary challenges is the fluctuating prices of raw materials. The cost of key materials, such as clay, concrete, and metals, can be subject to volatility due to factors like availability, extraction costs, and market demand. These price fluctuations can impact the overall profitability of roofing tile manufacturers and influence market dynamics. Another challenge is the installation complexity and associated costs. Roofing tiles require skilled labour for proper installation, which can increase overall project costs. Moreover, the weight of certain roofing tile materials, such as clay or concrete, can require additional structural support, adding to the overall construction expenses. Additionally, the market faces competition from alternative roofing materials such as asphalt shingles, metal roofing, and synthetic materials. These alternatives offer different advantages in terms of cost, ease of installation, and maintenance. Convincing customers to choose roofing tiles over these alternatives can be a challenge, particularly in price-sensitive markets.
Market Snapshot - 2023-2030
Global Market Size
Largest Segment
Residential
Fastest Growth
Residential
Growth Rate
4.2% CAGR
Global Roofing Tiles Market ($ Bn)
Country Share for North America Region (%)
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Roofing Tiles Market Segmental Analysis
Global Roofing Tiles Market is segmented by type, end user, and region. Based on type, the market can be segmented into Clay, Ceramic, Concrete, Ceramic-coated granules, Sand, Fiberglass, Polycarbonate, and Others. Based on end user, the market is segmented into Residential and Non-Residential (Commercial, Infrastructure, Industrial). Based on region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Analysis By Type
The global roofing tiles market can be segmented by type, with key categories being clay tiles, concrete tiles, and other types. Each segment offers unique characteristics, benefits, and market dynamics. Clay tiles have historically been a dominant segment in the global roofing tiles market. Clay tiles are renowned for their durability, aesthetic appeal, and long lifespan. They are widely used in various regions across the world, particularly in Mediterranean, European, and Spanish architectural styles. Clay tiles offer excellent thermal insulation properties, fire resistance, and resistance to weather elements. The dominance of clay tiles can be attributed to their traditional charm, longevity, and enduring popularity in residential and commercial roofing applications.
Concrete tiles represent the fastest-growing segment in the global roofing tiles market. Concrete tiles are known for their versatility, cost-effectiveness, and durability. They are available in a range of styles and profiles, allowing for customization and design flexibility. Concrete tiles offer good weather resistance, ease of installation, and a longer lifespan compared to some alternative roofing materials. As construction practices evolve and demand for cost-effective roofing solutions rises, concrete tiles have gained traction, particularly in emerging economies with robust construction activities.
Analysis By End user
The global roofing tiles market can be segmented by end users into residential and non-residential categories. These segments represent the different types of buildings and structures where roofing tiles are utilised. The dominant segment in the global roofing tiles market is the residential sector. Roofing tiles are extensively used in residential construction projects, including single-family homes, townhouses, and apartment buildings. The demand for roofing tiles in the residential sector is driven by factors such as durability, aesthetics, and the ability to enhance the overall curb appeal of residential properties. Homeowners often prefer roofing tiles for their long lifespan, weather resistance, and the wide variety of styles, colours, and materials available. The residential sector's dominance is due to the consistent demand for roofing tiles in housing construction and renovation projects worldwide.
The fastest-growing segment in the global roofing tiles market is the non-residential sector. This sector encompasses commercial, industrial, and institutional buildings such as offices, shopping malls, factories, hospitals, schools, and government buildings. Non-residential buildings often require robust and durable roofing solutions that can withstand heavy foot traffic, provide superior protection against weather elements, and meet specific functional requirements. The growth of the non-residential sector is driven by factors such as urbanisation, infrastructure development, and the expansion of commercial and industrial activities. As more non-residential buildings are constructed or renovated globally, the demand for roofing tiles in this sector is rapidly increasing.
Global Roofing tiles Market By End user
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Roofing Tiles Market Regional Insights
North America stands as the dominant region in the global roofing tiles market. The region's well-established construction industry, high standard of living, and stringent building regulations contribute to the strong demand for roofing tiles. Residential and commercial buildings in North America often utilise roofing tiles for their durability, aesthetic appeal, and long-term performance. The dominance of North America in the roofing tiles market is driven by factors such as architectural preferences, weather conditions, and the availability of advanced roofing technologies.
The fastest-growing region in the global roofing tiles market is Asia Pacific. This region is experiencing rapid urbanisation, population growth, and robust construction activities, particularly in emerging economies such as China, India, and Southeast Asian nations. The increasing disposable incomes and rising middle-class population in these countries have led to a surge in residential and commercial construction, driving the demand for roofing tiles. The growth of the Asia Pacific region is also attributed to infrastructure development, government initiatives, and the need for durable and aesthetically pleasing roofing solutions in this dynamic market.
Global Roofing tiles Market By Region
- Largest
- Fastest
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Roofing Tiles Market Dynamics
Drivers
Durability and Longevity
- Roofing tiles are known for their durability and long lifespan, making them a popular choice for customers seeking long-term roofing solutions. Tiles made from materials like clay, concrete, or metal can withstand harsh weather conditions, resist fire, and require minimal maintenance over time.
Energy Efficiency and Sustainability
- The growing focus on energy efficiency and sustainability in the construction industry has driven the demand for roofing tiles with enhanced insulation properties. Tiles that provide thermal insulation and reflectivity help reduce energy consumption, promote eco-friendly practices, and comply with energy efficiency regulations.
Restraints
Competitive Alternatives
- Roofing tiles face competition from alternative roofing materials such as asphalt shingles, metal roofing, and synthetic options. These alternatives offer advantages in terms of cost-effectiveness, ease of installation, or specific functional properties, posing a challenge to the growth of the roofing tiles market.
Fluctuating Raw Material Prices
- The pricing of key raw materials, such as clay, concrete, or metals used in roofing tile production, can be subject to volatility due to factors like availability, extraction costs, and market demand. Fluctuating raw material prices can impact the profitability of roofing tile manufacturers and influence market dynamics.
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Roofing Tiles Market Competitive Landscape
The competitive landscape of the global roofing tiles market is characterised by intense competition among various players. The market comprises numerous regional and international manufacturers, each striving to gain a competitive edge and capture market share. Companies in the roofing tiles market focus on product innovation, technological advancements, and sustainable practices to meet the evolving needs of customers. Roofing tile manufacturers often differentiate themselves through factors such as product quality, durability, design flexibility, and customer service. Additionally, companies engage in strategic partnerships, mergers, and acquisitions to expand their product portfolios, geographic presence, and market reach. They also invest in research and development activities to develop new and improved roofing tile solutions that offer enhanced performance, energy efficiency, and aesthetics. As sustainability gains importance, many roofing tile manufacturers are focusing on sustainable practices, including the use of recyclable materials, reducing carbon emissions, and promoting eco-friendly production processes.
Companies that prioritise sustainability and environmental responsibility have a competitive advantage in the market, appealing to environmentally conscious customers and meeting regulatory requirements. Furthermore, the global roofing tiles market is witnessing collaborations between manufacturers, architects, and contractors to develop innovative roofing solutions. This collaboration facilitates the exchange of knowledge, expertise, and design concepts, leading to the development of high-quality and customised roofing tile systems.
Top Player’s Company Profile
- BMI Group - UK
- Boral Limited - Australia
- Monier Roofing - Germany
- Etex Group - Belgium
- Wienerberger AG - Austria
- Owens Corning - US
- GAF Materials Corporation - US
- Eagle Roofing Products - US
- IKO Industries Ltd. - Canada
- Marley Ltd. - UK
- Siam Cement Group - Thailand
- Fletcher Building Limited - New Zealand
- MCA Clay Roof Tile - US
- Verea - Spain
- Crown Roof Tiles - US
- Ludowici Roof Tile - US
- TERREAL - France
- Redland Roof Tiles - UK
- CS Wismar GmbH - Germany
- MBCI - US
Recent Developments
- In December 2022, Wienerberger AG made an announcement regarding its acquisition of Terral's business operations in France, Italy, Germany, Spain, and the United States for a total investment of USD 650 million. This strategic move by Wienerberger aims to strengthen its market presence in the roofing solutions sector across Europe. The completion of the acquisition is anticipated to take place in 2023, marking a significant milestone for Wienerberger as it expands its footprint in key regions and reinforces its position in the global roofing market.
Roofing Tiles Key Market Trends
- Rising Demand for Customization and Personalization: Customers are increasingly seeking roofing tiles that reflect their individual style and design preferences. This has led to a growing demand for customised and personalised roofing solutions. Manufacturers are offering a wide range of colour options, textures, shapes, and profiles to meet the diverse aesthetic needs of customers.
- Focus on Lightweight Roofing Solutions: Lightweight roofing tiles are gaining traction in the market due to their ease of installation and potential cost savings. Lightweight materials reduce the structural load on buildings and offer flexibility in design and construction. They also contribute to sustainability by reducing transportation costs and energy consumption during installation.
Roofing Tiles Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to our global roofing tiles market analysis, North America stands as the dominant region in the global roofing tiles market and the fastest-growing region in the global roofing tiles market is Asia Pacific. The global roofing tiles market has witnessed substantial growth and transformation in recent years. The market is driven by various factors, including the robust growth of the construction industry, increasing demand for sustainable and energy-efficient roofing solutions, technological advancements, and customer preferences for customization. Sustainability has emerged as a key trend, with manufacturers focusing on eco-friendly materials, recyclability, and energy-efficient roofing tiles. Technological innovations have led to the development of roofing tiles with enhanced features, such as improved insulation, smart technologies, and lightweight options.
The market is also witnessing growing demand in emerging economies, driven by urbanisation, infrastructure development, and rising disposable incomes. With intense competition, manufacturers are investing in research and development, partnerships, and customization to differentiate their offerings and meet diverse customer needs. As the construction industry continues to grow and sustainable practices gain importance, the global roofing tiles market is poised for further expansion, presenting opportunities for manufacturers to capitalise on evolving market trends and customer demands.
| Report Metric | Details |
|---|---|
| Market size value in 2021 | USD 32.43 Billion |
| Market size value in 2030 | USD 46.97 Billion |
| Growth Rate | 4.2% |
| Base year | 2023 |
| Forecast period | 2023-2030 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Roofing Tiles Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Roofing Tiles Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Roofing Tiles Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Roofing Tiles Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Roofing Tiles Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Roofing Tiles Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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