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.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players 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.

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Roofing Tiles Market

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