Roofing Tiles Market Size (2024 - 2029)

The roofing tiles market is projected to experience growth over the forecast period, driven by the expanding construction industry, particularly in the Asia-Pacific region. Despite challenges such as disruptions from the COVID-19 pandemic and high costs associated with raw materials and installation, the market is expected to recover and expand. Opportunities are anticipated with the development of solar roof tiles, which may further influence the market's trajectory. The Asia-Pacific region stands out as the largest market due to significant construction activities in countries like India, China, the Philippines, and Indonesia.

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Market Size of Roofing Tiles Industry

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Roofing Tiles Market Summary
Study Period 2019 - 2029
Market Size (2024) USD 12.31 Billion
Market Size (2029) USD 16.20 Billion
CAGR (2024 - 2029) 5.65 %
Fastest Growing Market Asia-Pacific
Largest Market Europe

Major Players

Roofing Tiles Market Major Players

*Disclaimer: Major Players sorted in no particular order

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Roofing Tiles Market Analysis

The Roofing Tiles Market size is estimated at USD 12.31 billion in 2024, and is expected to reach USD 16.20 billion by 2029, growing at a CAGR of 5.65% during the forecast period (2024-2029).

The market's growth was hampered by the COVID-19 pandemic, as lockdowns, social distancing measures, and trade sanctions triggered massive disruptions to global supply chain networks. Due to lockdowns in various countries, most industries were temporarily shut down, which impacted the building and construction sectors. But the construction industry grew in 2021, which helped the market studied during the forecast period get back on its feet.

  • Over the next five to ten years, the market for roofing tiles is likely to grow because the construction industry in the Asia-Pacific region is building more homes and the government is making it easier to build green buildings.
  • Changes in the prices of raw materials, the high prices of roofing tiles, and the high costs of installing them are likely to slow the growth of the roofing tile market.
  • During the time frame of the forecast, the market is likely to have opportunities due to the development of solar roof tiles.
  • The Asia-Pacific region was the world's biggest market for roofing tiles, thanks to strong growth in construction in places like India, China, the Philippines, and Indonesia.

Roofing Tiles Industry Segmentation

Roofing tiles are a type of roofing system comprising overlapping roof tiles attached securely to the roof deck. Various types are available and can be installed in residential, commercial, and industrial settings. Aside from being economical to use, these have properties such as durability, lightweight, and aesthetic appeal. The roofing tile market is segmented by type, end-use sector, and geography. By type, the market is segmented into clay tiles, concrete tiles, and other types. By end-use sector, the market is segmented into residential and non-residential. The non-residential segment is sub-segmented into commercial, infrastructure, and industrial. The report also covers the market size and forecasts for the adhesives and sealants market in 15 countries across major regions. For each segment, the market sizing and forecasts have been done on the basis of value (USD million).

Type
Clay Tiles
Concrete Tiles
Other Types
End-use Sector
Residential
Non-residential
Commercial
Infrastructure
Industrial
Geography
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
Italy
France
Rest of Europe
South America
Brazil
Argentina
Rest of South America
Middle-East and Africa
Saudi Arabia
South Africa
Rest of Middle-East and Africa
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Roofing Tiles Market Size Summary

The roofing tiles market is poised for significant growth over the forecast period, driven by increasing construction activities, particularly in the Asia-Pacific region. The market's recovery from the disruptions caused by the COVID-19 pandemic is attributed to the resurgence of the construction industry, which has been bolstered by government initiatives promoting green building practices. Despite challenges such as fluctuating raw material costs and high installation expenses, the market is expected to benefit from innovations like solar roof tiles. The Asia-Pacific region, led by countries such as India, China, and Indonesia, remains the largest market due to robust urbanization and infrastructure development, which are expected to sustain demand for roofing tiles.

In addition to regional growth, the global roofing tiles market is influenced by urbanization trends and the increasing need for residential housing, particularly in rapidly growing urban areas. The market is characterized by its fragmented nature, with key players like Wienerberger AG and Eagle Roofing Products actively expanding their operations to capture a larger market share. Strategic acquisitions and capacity expansions are part of the efforts by major companies to enhance their market presence. As the construction sectors in China and India continue to expand, supported by government policies and sustainable practices, the demand for roofing tiles is anticipated to rise, further driving market growth during the forecast period.

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Roofing Tiles Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Drivers

      1. 1.1.1 Growing Demand for Natural and Eco-friendly Roof Materials in Green Buildings

      2. 1.1.2 Growing Urbanization in Major Economies

    2. 1.2 Restraints

      1. 1.2.1 Existing Usage of Roofing Shingles in the Global Market

      2. 1.2.2 Other Restraints

    3. 1.3 Industry Value Chain Analysis

    4. 1.4 Porter's Five Forces Analysis

      1. 1.4.1 Bargaining Power of Suppliers

      2. 1.4.2 Bargaining Power of Buyers

      3. 1.4.3 Threat of New Entrants

      4. 1.4.4 Threat of Substitute Products and Services

      5. 1.4.5 Degree of Competition

  2. 2. MARKET SEGMENTATION (Market Size in Value)

    1. 2.1 Type

      1. 2.1.1 Clay Tiles

      2. 2.1.2 Concrete Tiles

      3. 2.1.3 Other Types

    2. 2.2 End-use Sector

      1. 2.2.1 Residential

      2. 2.2.2 Non-residential

        1. 2.2.2.1 Commercial

        2. 2.2.2.2 Infrastructure

        3. 2.2.2.3 Industrial

    3. 2.3 Geography

      1. 2.3.1 Asia-Pacific

        1. 2.3.1.1 China

        2. 2.3.1.2 India

        3. 2.3.1.3 Japan

        4. 2.3.1.4 South Korea

        5. 2.3.1.5 Rest of Asia-Pacific

      2. 2.3.2 North America

        1. 2.3.2.1 United States

        2. 2.3.2.2 Canada

        3. 2.3.2.3 Mexico

      3. 2.3.3 Europe

        1. 2.3.3.1 Germany

        2. 2.3.3.2 United Kingdom

        3. 2.3.3.3 Italy

        4. 2.3.3.4 France

        5. 2.3.3.5 Rest of Europe

      4. 2.3.4 South America

        1. 2.3.4.1 Brazil

        2. 2.3.4.2 Argentina

        3. 2.3.4.3 Rest of South America

      5. 2.3.5 Middle-East and Africa

        1. 2.3.5.1 Saudi Arabia

        2. 2.3.5.2 South Africa

        3. 2.3.5.3 Rest of Middle-East and Africa

Roofing Tiles Market Size FAQs

The Roofing Tiles Market size is expected to reach USD 12.31 billion in 2024 and grow at a CAGR of 5.65% to reach USD 16.20 billion by 2029.

In 2024, the Roofing Tiles Market size is expected to reach USD 12.31 billion.

Roofing Tiles Market Report Snapshots

Roofing Tiles Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)