Roofing Tiles Market is Expected to Reach $41.3 billion by 2027

Portland, OR United States - July 7, 2021 /MarketersMedia/ —

According to a new report published by Allied Market Research, titled, “Roofing Tiles Market by Material Type, Construction Type, and End-User Industry: Opportunity Analysis and Industry Forecast, 2020–2027,” the global roofing tiles market size was valued at $30.4 billion in 2019, and is projected to reach $41.3 billion by 2027, registering a CAGR of 5.2% from 2020 to 2027. Roof tiles are laid on the framework of roof. Roof tiles are preferred in residential construction, owing to its features and properties such as longevity, durability, fire resistance, wind resistance, and others.

Factors such as population growth, rise in urbanization coupled with increase in industrialization in developing countries such as India, China, Brazil, Indonesia, Bangladesh, and Egypt drive the construction activities which is expected to fuel the growth of the global roofing tiles market during the forecast period. On the contrary, economic uncertainty in Eurozone and high installation cost of roofing systems are the major restraints expected to hinder the growth of the market. Moreover, technological advancements in solar roof tiles and roof tile manufacturing process is expected to provide lucrative opportunities in near future.

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Leading Players:

The key players profiled in the roofing tiles market report include Boral Limited, Crown Roof Tiles, Dachziegelwerke, Eagle Roofing, Ecostar LLC, Ludowici Roof Tile, Marley Ltd, MCA Clay Roof Tile, Shital Potteries, and Terreal Malaysia Sdn bhd.

Global Roofing Tiles Market Segments

By Material Type -
Clay Roof Tile
Concrete Roof Tile
Others

By Construction Type -
New Construction
Renovation & Replacement

By End-user -
Residential
Non-residential

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Key Findings Of The Study:

The report provides an extensive analysis of the current and emerging roofing tiles market trends and dynamics.
Depending on material type, the concrete tiles segment dominated the roofing tiles market, in terms of revenue in 2019 and others is projected to grow at a significant CAGR during the forecast period.
By end user, the residential segment registered highest revenue in 2019.
Asia-Pacific region is projected to register the highest growth rate in the coming years.
The key players within the roofing tiles market are profiled in this report, and their strategies are analyzed thoroughly, which help understand the competitive outlook of the roofing tiles industry.
The report provides an extensive analysis of the current trends and emerging opportunities of the market.
In-depth roofing tiles market analysis is conducted by constructing estimations for the key segments between 2020 and 2027.

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Contact Info:
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Organization: Allied Market Research
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Website: https://www.alliedmarketresearch.com

Release ID: 89033889