Roofing Tiles Market Size, Share, Industry Trends and Forecast to 2033
This report provides a comprehensive analysis of the Roofing Tiles market, detailing market size, trends, and forecasts from 2023 to 2033. It includes insights on segment performance, regional dynamics, technological advancements, and key market players.
| Metric | Value |
|---|---|
| Study Period | 2023 - 2033 |
| 2023 Market Size | $10.00 Billion |
| CAGR (2023-2033) | 5.7% |
| 2033 Market Size | $17.64 Billion |
| Top Companies | Boral Limited, Owens Corning, CertainTeed, GAF |
| Last Modified Date | 15 Nov 2024 |
Roofing Tiles Market Report (2023 - 2033)
Roofing Tiles Market Overview
What is the Market Size & CAGR of Roofing Tiles market in 2023?
Roofing Tiles Industry Analysis
Roofing Tiles Market Segmentation and Scope
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Roofing Tiles Market Analysis Report by Region
Europe Roofing Tiles Market Report:
The European Roofing Tiles market is expected to expand from $2.56 billion in 2023 to $4.52 billion by 2033. Factors such as stringent environmental regulations, strong economic recovery, and innovation in roofing materials are contributing to this upward trend.Asia Pacific Roofing Tiles Market Report:
In the Asia-Pacific region, the market is anticipated to grow from $2.00 billion in 2023 to $3.53 billion by 2033. Factors driving this growth include rapid urbanization, increased construction activities, and rising disposable incomes. The region is known for its high demand for aesthetically pleasing and energy-efficient roofing options.North America Roofing Tiles Market Report:
North America represents a substantial share of the Roofing Tiles market, with its value set to rise from $3.73 billion in 2023 to $6.57 billion by 2033. The growth is supported by an upsurge in residential housing projects and significant renovation activities across the US and Canada.South America Roofing Tiles Market Report:
The South American market for Roofing Tiles is projected to increase from $1.00 billion in 2023 to $1.76 billion by 2033. This growth is fueled by growing infrastructure investments and a rising focus on sustainable building practices, particularly in Brazil and Argentina.Middle East & Africa Roofing Tiles Market Report:
The Middle East and Africa markets will see growth from $0.71 billion in 2023 to $1.25 billion by 2033. This regional growth stems from increased investments in infrastructure projects, urban development initiatives, and rising standards of living.Request a custom research report for industry.
Roofing Tiles Market Analysis By Type
Global Roofing Tiles Market, By Type Market Analysis (2023 - 2033)
Ceramic Tiles dominate the market, valued at $6.34 billion in 2023 and projected to reach $11.18 billion by 2033, holding a consistent market share of 63.38%. Metal Tiles follow with a market size of $2.04 billion, increasing to $3.59 billion, maintaining a 20.37% share. Composite Tiles account for $1.63 billion, with a forecasted growth to $2.87 billion, representing 16.25% of the market. Color variations such as Red ($4.76 billion to $8.40 billion) and Blue ($2.03 billion to $3.57 billion) show significant importance in the market.
Roofing Tiles Market Analysis By Application
Global Roofing Tiles Market, By Application Market Analysis (2023 - 2033)
The Residential segment leads with a market size of $6.34 billion in 2023, expected to grow to $11.18 billion by 2033, holding a share of 63.38%. Commercial applications are valued at $2.04 billion, growing to $3.59 billion by 2033, maintaining a 20.37% share. The Industrial segment, however, covers $1.63 billion, poised to grow to $2.87 billion, demonstrating a solid 16.25% share.
Roofing Tiles Market Analysis By Installation Type
Global Roofing Tiles Market, By Installation Type Market Analysis (2023 - 2033)
In terms of installation type, New Construction leads with a market share of 85.95% in 2023, valued at $8.60 billion, which will grow to $15.16 billion by 2033. The Replacement segment, although smaller, shows steady growth, rising from $1.41 billion in 2023 to $2.48 billion by 2033 with a share of 14.05%.
Roofing Tiles Market Analysis By Distribution Channel
Global Roofing Tiles Market, By Distribution Channel Market Analysis (2023 - 2033)
The Direct Sales channel leads with a size of $6.34 billion in 2023, expected to grow to $11.18 billion by 2033, maintaining a 63.38% market share. Retail is valued at $2.04 billion, growing to $3.59 billion, accounting for 20.37%. Online Sales, now a growing channel, will rise from $1.63 billion to $2.87 billion.
Roofing Tiles Market Analysis By Color
Global Roofing Tiles Market, By Color Market Analysis (2023 - 2033)
The Red roofing tiles segment is notable with market values of $4.76 billion in 2023 and $8.40 billion by 2033, representing a 47.64% share. Other colors such as Blue, Green, and Brown showcase their significance too, growing from $2.03 billion, $1.00 billion, and $1.15 billion respectively.
Roofing Tiles Market Trends and Future Forecast
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Global Market Leaders and Top Companies in Roofing Tiles Industry
Boral Limited:
A leading manufacturer of building and construction materials, Boral specializes in roof tiles and has a robust presence across the Asia-Pacific region.Owens Corning:
Known for its innovative roofing solutions, Owens Corning is a major player in the North American market, providing a variety of roofing materials including shingles and tiles.CertainTeed:
A subsidiary of Saint-Gobain, CertainTeed offers a wide range of roofing products and is recognized for its commitment to sustainability and energy efficiency.GAF:
As one of North America's largest roofing manufacturers, GAF focuses on innovative roofing solutions and has a diverse product range including tiles and asphalt shingles.We're grateful to work with incredible clients.
