The roofing tiles market comprises roof tiles that are primarily used on roofs of residential and commercial buildings for waterproofing and aesthetic purposes. Made from materials like clay, concrete, slate, or other composite materials, roof tiles provide durability and style to roofing systems. With growing urbanization and infrastructure development activities worldwide, the demand for residential and commercial construction has increased tremendously. The need for durable and aesthetically pleasing roofing solutions has propelled the roofing tiles industry.
The Global Roofing Tiles Market is estimated to be valued at US$ 19.77 Bn in 2024 and is expected to exhibit a CAGR of 6.1% over the forecast period 2024 to 2031.
Key Takeaways
Key players: Key players operating in the roofing tiles market include IKO Global, Etex, Standard Industries Inc, Trevis Perkins, Boral roofing, BMI group, Wienerberger AG, Fornace Laterizi Vardanega Isidoro , Vande Hey Raleigh, Eagle Roofing Products, TC Roof Tiles, Jindal Mechno, Kerala Tiles Company, Raja Tiles Company, KPG Roofing, Sri Vijaya Lakshmi Tiles, Sirex, AV Roofing, and Simeyon.
Growing demand: Rapid infrastructure development and the rise in residential construction activities across the globe have propelled the demand for roofing tiles. Especially in developing economies experiencing high urban migration, the construction of new residential and commercial spaces requires large volumes of roofing tiles.
Global expansion: Leading roofing tile manufacturers are expanding their production and distribution footprint globally to leverage high growth opportunities. Strategic partnerships and mergers and acquisitions allow companies to enhance their access to new markets. Several Asia Pacific and European players are setting up manufacturing plants in the Americas and Middle East & Africa.
Market key trends
Sustainable product innovation is a major trend in the roofing tiles industry. With growing emphasis on green building and reducing carbon footprint of constructions, manufacturers are focusing on developing bio-based, recycled, and lighter weight roof tile solutions. Use of materials like bamboo, rice husk ash, and recycled rubbers in tile production is enhancing sustainability. Photovoltaic and solar roof tiles that can generate energy are also gaining traction in the market.
Porter’s Analysis
Threat of new entrants: Low economies of scale and capital requirements make entry difficult in the Roofing Tiles Market Demand. Bargaining power of buyers: Buyers have moderate bargaining power due to availability of substitute products. Bargaining power of suppliers: Suppliers have moderate bargaining power due to differentiate products and customer switching costs. Threat of new substitutes: Metal, concrete and asphalt roofing are major substitutes but roofing tiles hold dominant market share. Competitive rivalry: Intense competition among dominant players in developed regions keeps pricing and profit margins low.
Geographical Regions
Asia Pacific region accounts for the largest value share in the global roofing tiles market, surpassing 40% in 2024. Countries like India, China, Japan and Indonesia exhibit high demand owing to rapid urbanization and infrastructure growth. Growing construction spending in residential and non-residential building sectors drives regional market.
Middle East and Africa is expected to be the fastest growing region during the forecast period. Government investments in construction projects especially in GCC countries and economic diversification away from oil are fueling roofing tiles consumption. Rising disposable incomes further support market expansion across Africa over the coming years.