Market Size of Europe Roofing Tiles Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 7.24 Billion |
| Market Size (2029) | USD 8.80 Billion |
| CAGR (2024 - 2029) | 3.98 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Europe Roofing Tiles Market Analysis
The Europe Roofing Tiles Market size is estimated at USD 7.24 billion in 2024, and is expected to reach USD 8.80 billion by 2029, growing at a CAGR of 3.98% during the forecast period (2024-2029).
In line with the COVID-19 outbreak, nationwide lockdowns around the globe, disruptions in manufacturing activities and supply chains, and production halts negatively impacted the market in 2020. However, conditions began recovering in 2021-22, and the market is expected to continue its growth trajectory during the forecast period. Over the past two years, a rise in home sales, the beginning of new projects, and the demand for dormitories and hotels have driven the market's recovery.
- Besides, major factors driving the studied market include increasing demand from the construction industry and favorable government policies for green buildings.
- Roof tiles tend to be more expensive than a few other options, which is likely to hamper the market's growth. The lack of skilled workers in the construction sector is also anticipated to impede market expansion.
- Nevertheless, the development of solar roof tiles is expected to offer various lucrative opportunities for the market's growth.
- Among the European countries, Germany is expected to dominate the regional market due to growth in its construction industry.
