Roofing Tiles Market: Introduction
Roofing tiles are used on large surface area of houses and are designed to keep out rain. They also keep houses cool. Roofing tiles are protective shells of houses. They decisively affect the appearance of a house. Roofing tiles also protect a house or a building from heat, cold, storm, hail, rain, noise, and snow. Roofing tiles play an important role in terms of thermal insulation. They help reduce energy consumption significantly. Insulation provided by roofing tiles lowers heat transmission coefficient of roof, thus decreasing energy consumption.
The roofing tiles market is driven by the rise in demand for green and energy efficient characteristics such as thermal mass, solar reflectance, and thermal remittance. Furthermore, governments across the globe are taking initiatives to encourage the construction of environment-friendly buildings, due to extreme climatic conditions. However, presence of an unorganized sector and lack of skilled labor force are restraining the global roofing tiles market.
Roofing Tiles Market: Key Segments
Based on material, the global roofing tiles market can be segmented into ceramics, terracotta, and concrete. Concrete roofing tiles are available in various shapes, sizes, and colors. Concrete roofing tiles are popular choice for slope roofs and fabricated roofs, owing to their properties such as standard dimensions, low water absorption, and excellent compatibility. Terracotta roofing tiles have been used traditionally since long. These roofing tiles are expensive than concrete tiles; therefore, they have limited usage in buildings. Ceramic tiles provide excellent esthetic and functional characteristics. These tiles are majorly used for contemporary homes.
In terms of end-use industry, the global roofing tiles market can be bifurcated into residential and commercial. The residential segment dominated the roofing tiles market in 2018. Roofing tiles are used in houses for the ultimate stylish looks. These tiles also act as insulators. Roofing tiles are employed in commercial buildings in order to save heating and cooling energy costs.
Roofing Tiles Market: Regional Analysis
Based on region, the global roofing tiles market can be segregated into North America, Asia Pacific, Europe, Latin America, and Middle East & Africa. The market in North America is anticipated to expand at a significant pace during the forecast period due to the rise in demand for re-roofing residential houses in the region. The U.S. is estimated to be a major consumer of roofing tiles in North America, as it possesses large stock of old homes, which have already exceeded their expected lifespan. The market in Europe is projected to expand at a rapid pace during the forecast period owing to increase in demand for re-roofing in the region. Furthermore, several manufacturers of roofing tiles operate in Europe. The roofing tiles market in Asia Pacific is likely to expand at a rapid pace due to high rate of building and construction in the region. Developing countries such as China, India, and Japan have the highest rate of urbanization along with the focus on energy efficient buildings. These factors are fueling the demand for roofing tiles in these countries. The roofing tiles market in Latin America and Middle East & Africa is likely to expand at a moderate pace during the forecast period. Brazil is expected to show rapid growth due to the increase in urbanization in this region.
Roofing Tiles Market: Key Players
Key players operating in the global roofing tiles market include Tesla Inc, Standard Industries Inc, Etex, IKO, Wienerberger, Brickworks Limited, Trevis Perkins, and Boral Roofing.
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
The study is a source of reliable data on:
- Market segments and sub-segments
- Market trends and dynamics
- Supply and demand
- Market size
- Current trends/opportunities/challenges
- Competitive landscape
- Technological breakthroughs
- Value chain and stakeholder analysis
The regional analysis covers:
- North America (U.S. and Canada)
- Latin America (Mexico, Brazil, Peru, Chile, and others)
- Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
- Eastern Europe (Poland and Russia)
- Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
- Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
Highlights of the report:
- A complete backdrop analysis, which includes an assessment of the parent market
- Important changes in market dynamics
- Market segmentation up to the second or third level
- Historical, current, and projected size of the market from the standpoint of both value and volume
- Reporting and evaluation of recent industry developments
- Market shares and strategies of key players
- Emerging niche segments and regional markets
- An objective assessment of the trajectory of the market
- Recommendations to companies for strengthening their foothold in the market
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.