Latest News:- Roofing Tiles Market: Clay tiles is expected to lead the Type segment during 2024-2028

Roofing Tiles Market to grow at a CAGR of 5.57% during 2024-2028

The Roofing Tiles Market is expected to grow at a CAGR of 5.57% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 3.65 billion. The roofing industry is witnessing a significant shift towards eco-friendly and sustainable solutions. Recycled materials, including plastics, rubber, and reclaimed metals, are increasingly being used to manufacture roofing tiles. Additionally, natural and renewable materials such as clay, terracotta, and concrete are gaining popularity due to their sustainability benefits. Reflective or cool roofing tiles, which reduce heat absorption and enhance energy efficiency by reflecting sunlight and maintaining lower building temperatures, are experiencing increasing demand. Consumers are also seeking customization and diverse design options in roofing tiles. 

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The Clay tiles subsegment is expected to dominate the Type segment during the forecast period 

Technavio analysts predict that the Clay tiles subsegment will lead the Type segment during 2024 and 2028 In the real estate and construction sector, clay tiles have emerged as a preferred choice for homeowners and builders due to their exceptional durability and timeless aesthetic appeal. With a lifespan that can exceed several decades, clay tiles offer minimal maintenance and replacement requirements, making them a cost-effective and sustainable option for roofing. Furthermore, the rise in the construction of high-end properties has fueled the demand for premium roofing materials, such as clay tiles, which not only provide durability but also enhance the overall visual appeal of the property. The eco-friendly manufacturing process and resistance to various weather conditions further add to the allure of clay tiles in the roofing market.

Here are the various ways based on which the market is segmented: 

• Type
  • Clay tiles
  • Concrete tiles
  • Others
• End-user
  • Residential
  • Non-residential
• Geography
  • APAC
  • North America
  • Europe
  • South America
  • Middle East and Africa

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• Wealth of Experience: Technavio is an established name in the world of market research. It holds an expertise of more than 20 years in the field, has published 21,000+ reports thereby extensively covering the area in various industries and range of regions
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There are several factors that are causing the market to flourish growth of construction and real estate industry

Learn which are the obstacles that the market is experiencing in the way of its growth by accessing the free PDF report

Research Analysis Overview

The Roofing Tiles Market encompasses the manufacturing, supply, and installation of various types of roofing tiles for both residential and non-residential construction projects. The market includes a wide range of tiles such as slate, terracotta, concrete, and asphalt shingles. Tile manufacturing caters to the growing demand for quality-driven and sustainable construction in urban cities, driven by the real estate industries and industrial sectors. Roofing tiles offer several benefits, including wind resistance, fire resistance, and protection against rain, hail, wind, storm, heat, and other harsh weather conditions. Popular roofing tile materials like slate and terracotta are known for their eco-friendly nature and durability. In recent years, there has been a surge in demand for roofing tiles due to rapid urbanization and remodeling projects. Builders and homeowners are increasingly opting for sustainable construction methods, leading to a growing interest in solar roof tiles and other eco-friendly options. The market for roofing tiles is expected to continue growing, with concrete and clay tiles being major players in the residential sector, while asphalt shingles dominate the non-residential sector.

Market Research Overview

According to Technavio, the global roofing tiles market is a segment of the expansive building products industry, encompassing businesses involved in the manufacturing of various building components, including windows and doors, flooring, ceiling and wall fixtures, roofing and gutter materials, insulation materials, cabinets, plumbing fixtures, and home improvement products and equipment. The global building products market size is determined by the consolidated revenue generated by these manufacturers. The construction sector's robust growth in both developed and emerging economies is a primary driver for the expansion of the global building products market, including the roofing tiles sector.

The Roofing Tiles Market is experiencing significant growth, fueled by the growth of construction and real estate industry. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

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Technavio Research
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