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

The Report Covers Global Roofing Tiles Market Size & Trends and it is Segmented by Type (Clay Tiles, Concrete Tiles, and Other Types), End-User Sector (Residential and Non-residential), and Geography (Asia-Pacific, North America, Europe, South America, and Middle-East and Africa). The report offers the market size and forecasts in value (USD million) for all the above segments.

Roofing Tiles Market Size

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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 Market Trends

Residential Construction to Witness Noticeable Growth

  • The use of roof tiles in residential applications can reduce overall heat transfer to the attic by approximately 70% compared to an asphalt shingle roof. Roofing tiles are available for single-family homes, townhomes, condos, and apartment buildings, among other types of homes.
  • According to the United Nations (UN), around 50% of the global population resides in urban cities, which is projected to reach 60% by 2030. The pace of economic and demographic growth must be in harmony with the demand for residential activities. By 2030, around 40% of the global population will likely need housing, at over 96,150 houses per day.
  • Residential properties such as apartments, bungalows, and villas are gaining popularity in emerging nations and are mainly driven by urbanization.
  • The total investment in construction in Europe grew by 5.2% in 2021, highlighting the region's resilience. The Federation of the European Construction Industry (FIEC) estimates that the construction sector grew by 2.4% in 2022.
  • In the United States, the annual value of residential construction in the year 2022 was USD 9,10,416 million, while in the year 2021 the value was USD 8,02,933 million.
  • Major cities in economies, including China, India, Brazil, Argentina, and others, are expanding and require additional housing to accommodate people migrating from various regions of the country.
  • Hence, all such trends mentioned above are likely to impact the demand for the market studied during the forecast period.
Roofing Tiles Market: Annual Value of Residential Construction, USD Million, United States, 2018-2022

Asia-Pacific to Dominate the Market

With growing investments in residential and commercial construction in countries such as India, China, the Philippines, Vietnam, and Indonesia, the market for roofing tiles is expected to increase in the coming years.

  • China's construction sector is the largest industry in the world, employing more than 53 million people. According to the National Bureau of Statistics, China's construction sector output was CNY 31.20 trillion (~USD 4.57 trillion) in 2022, compared to CNY 29.31 trillion (~USD 4.29 trillion) in 2021, registering a 6% growth. China's construction industry contributed around 6.9% to its GDP in 2022.
  • Moreover, the Chinese government unveiled a five-year plan in January 2022 focused on making the construction sector more sustainable and quality-driven. China is planning to increase prefabricated building construction to reduce pollution and waste from construction sites.
  • Further, the construction industry will transition to modernized practices which will enable the establishment of low carbon-production modes and improvement in the quality of buildings, consequently increasing demand for roofing tiles products.
  • India has a huge construction sector and is expected to become the world's third-largest construction market by 2025, as per the report of IBEF (Indian Brand Equity Foundation). Various policies implemented by the Indian government, such as the Smart Cities project, Housing for all, etc., are expected to bring the needed impetus to the Indian construction industry.
  • Many luxury apartments and residential complexes are under construction in Japan. As per the report of the Organization for Economic Co-operation and Development (OECD), the total permit issued to dwellings and residential buildings in Japan was around 71,627 in 2022, as compared to about 71,373 in 2021.
  • Hence, such factors will drive the market growth in the Asia-Pacific during the forecast period.
Roofing Tiles Market - Growth Rate by Region, Global, 2023-2028

Roofing Tiles Industry Overview

The roofing tile market is fragmented by nature. Some of the major players in the market (not in any particular order) include WienerbergerAG, VandeHey Raleigh, Fornace LateriziVardanega Isidoro, Eagle Roofing Products, and Standard Industries Inc. (BMI Group), among others.

Roofing Tiles Market Leaders

  1. Standard Industries Inc. (BMI Group)

  2. Fornace Laterizi Vardanega Isidoro

  3. Vande Hey Raleigh

  4. Wienerberger AG

  5. Eagle Roofing Products

*Disclaimer: Major Players sorted in no particular order

Roofing Tiles Market Concentration
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Roofing Tiles Market News

  • In December 2022, Wienerberger AG announced that it will acquire Terral's business operations in France, Italy, Germany, Spain, and the United States for USD 650 million. The acquisition will help the company to expand its presence in Europe's roofing solutions market. The acquisition is expected to be completed in 2023.
  • In February 2022, Eagle Roofing Products company announced the expansion of manufacturing capacity and the release of a new color offering in the Western United States and Western Canada regions.

Roofing Tiles Market Report - Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Drivers

      1. 4.1.1 Growing Demand for Natural and Eco-friendly Roof Materials in Green Buildings

      2. 4.1.2 Growing Urbanization in Major Economies

    2. 4.2 Restraints

      1. 4.2.1 Existing Usage of Roofing Shingles in the Global Market

      2. 4.2.2 Other Restraints

    3. 4.3 Industry Value Chain Analysis

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Bargaining Power of Suppliers

      2. 4.4.2 Bargaining Power of Buyers

      3. 4.4.3 Threat of New Entrants

      4. 4.4.4 Threat of Substitute Products and Services

      5. 4.4.5 Degree of Competition

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

    1. 5.1 Type

      1. 5.1.1 Clay Tiles

      2. 5.1.2 Concrete Tiles

      3. 5.1.3 Other Types

    2. 5.2 End-use Sector

      1. 5.2.1 Residential

      2. 5.2.2 Non-residential

        1. 5.2.2.1 Commercial

        2. 5.2.2.2 Infrastructure

        3. 5.2.2.3 Industrial

    3. 5.3 Geography

      1. 5.3.1 Asia-Pacific

        1. 5.3.1.1 China

        2. 5.3.1.2 India

        3. 5.3.1.3 Japan

        4. 5.3.1.4 South Korea

        5. 5.3.1.5 Rest of Asia-Pacific

      2. 5.3.2 North America

        1. 5.3.2.1 United States

        2. 5.3.2.2 Canada

        3. 5.3.2.3 Mexico

      3. 5.3.3 Europe

        1. 5.3.3.1 Germany

        2. 5.3.3.2 United Kingdom

        3. 5.3.3.3 Italy

        4. 5.3.3.4 France

        5. 5.3.3.5 Rest of Europe

      4. 5.3.4 South America

        1. 5.3.4.1 Brazil

        2. 5.3.4.2 Argentina

        3. 5.3.4.3 Rest of South America

      5. 5.3.5 Middle-East and Africa

        1. 5.3.5.1 Saudi Arabia

        2. 5.3.5.2 South Africa

        3. 5.3.5.3 Rest of Middle-East and Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

    2. 6.2 Market Ranking Analysis

    3. 6.3 Strategies Adopted by Leading Players

    4. 6.4 Company Profiles

      1. 6.4.1 Crown Roof Tiles

      2. 6.4.2 Eagle Roofing Products

      3. 6.4.3 Fornace Laterizi Vardanega Isidoro SRL

      4. 6.4.4 Ludowici Roof Tiles

      5. 6.4.5 Mca Clay Roof Tile

      6. 6.4.6 Standard Industries Inc.(BMI Group)

      7. 6.4.7 Vande Hey Raleigh

      8. 6.4.8 Verea Clay Tile

      9. 6.4.9 VORTEX HYDRA S.R.L. ITALY

      10. 6.4.10 Wienerberger AG

    5. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

    1. 7.1 Growing Awareness of Solar Roofing

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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 Research 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.

Standard Industries Inc. (BMI Group) , Fornace Laterizi Vardanega Isidoro , Vande Hey Raleigh , Wienerberger AG and Eagle Roofing Products are the major companies operating in the Roofing Tiles Market.

Asia-Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).

In 2024, the Europe accounts for the largest market share in Roofing Tiles Market.

In 2023, the Roofing Tiles Market size was estimated at USD 11.65 billion. The report covers the Roofing Tiles Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Roofing Tiles Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

Roofing Tiles Industry Report

Statistics for the 2024 Roofing Tiles market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Roofing Tiles analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.

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