Market Size of Roofing Tiles Industry
| 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
*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.
