Market Overview:
Roofing tiles are a type of roofing material used to cover and protect the top of buildings from rain, snow, wind, and sunlight, ensuring the structural integrity of buildings. These come in various shapes, sizes, and materials, each with its own advantages and aesthetic appeal.
The global roofing tiles market has been analyzed based on various dimensions and segments to help suppliers within the industry have a better understanding of the structure of current demand and the components of demand, which will drive growth in the future. Suppliers in the global roofing tiles market outperforming the overall industry are expected to focus on the higher potential segments within the market.
The roofing tiles market demonstrates a promising outlook, projecting a compounded annual growth rate of 5.57% between 2025 and 2031. Valued at $11,718.21 million in 2023, the market is anticipated to reach $15,366.05 million in 2031, presenting a substantial incremental growth opportunity of $3,647.84 million. This opportunity translates to approximately 32% of the market size in 2023. In the current low-growth environment, market participants are urged to adopt a dual strategy, being both aggressive and defensive, to capitalize on available growth opportunities. Given the limited growth avenues, gaining market share from competitors becomes a pivotal lever for driving growth.
The sustained growth of the global roofing tiles market is underpinned by consistent performance across all forecast years between 2025 and 2031, with year-on-year growth fluctuating within a narrow range of 5.39% to 5.75%.
Market Dynamics:
Growth of Construction and Real Estate Industry:
The global roofing tiles market is significantly influenced by the growth of the construction and real estate sectors. The continuous expansion of construction projects, spanning residential, commercial, and infrastructure domains, propels the demand for roofing tiles. The rising need for new residential and commercial buildings, driven by population growth and urban expansion, creates a constant demand for roofing materials like tiles. Technological innovations in construction, such as new roofing materials and installation techniques, further impact the preference for roofing tiles, leading to an increased demand for more advanced and efficient products. The robust growth and evolution of construction and real estate projects are expected to sustain the demand for roofing tiles, positively impacting the market during the forecast period.
Segmentation Analysis:
Clay tiles was the largest segment of the market in 2023 and will continue to be the largest segment of the market in 2031, growing slower than the overall market (5.57%). It will grow at a compounded annual growth rate of 5.27% between 2023 and 2031. Clay tiles will be the slowest growing segment within the overall market and will grow from $4,878.06 million in 2023 to $6,305.92 million in 2031. Clay tiles will contribute 39.14% of the incremental growth in the overall market between 2023 and 2031. Clay tiles contributed 41.63% to the overall market in 2023 and will decrease its contribution to 41.04% of the global roofing tiles market in 2031.
Clay tiles are known for their exceptional durability, often lasting for decades without deteriorating. This long lifespan makes them an attractive option for homeowners seeking roofing material that requires minimal maintenance and replacement. Clay tiles offer a timeless and elegant look that appeals to many homeowners. With a rise in the construction of upscale homes and properties, there is a growing demand for high-quality, premium roofing materials such as clay tiles that offer both durability and aesthetic appeal. Overall, the combination of durability, aesthetic appeal, environmental friendliness, and resilience to different weather conditions has contributed to the increasing demand for clay tiles in the roofing industry. Thus, with the growing construction sector, the clay tiles segment, as well as global roofing tiles market is expected to witness growth during the forecast period.
Geographical Analysis:
APAC will generate growth in all the years of the forecast period between 2025 and 2031. The year-on-year growth during this period will vary between 5.99% and 6.34%. APAC was the largest region in the market in 2023 and will continue to be the largest segment in 2031. It will grow at a compounded annual growth rate of 6.16% between 2023 and 2031, which is faster than that of the overall market. It will be the fastest growing region in the overall market and will grow from $4,266.37 million in 2023 to $5,753.51 million in 2031. It will contribute 40.77% to the incremental growth of the overall market between 2023 and 2031. APAC contributed 36.41% to the global roofing tiles market in 2023, and its contribution will increase to 37.44% in 2031.
APAC countries, such as China and India, are experiencing significant urbanization and population growth. This expansion leads to increased construction activities, driving the demand for roofing materials, including tiles. The diverse climate conditions across APAC, from tropical to temperate regions, often require durable roofing materials that can withstand varying weather patterns. Roofing tiles, known for their durability and resilience, are a preferred choice in such climates. Many countries in the APAC region are undergoing rapid economic development. This growth spurs the construction of residential, commercial, and industrial buildings, consequently increasing the demand for roofing tiles. In many APAC countries, there is a cultural and practical preference for durable, long-lasting materials in construction. Roofing tiles, particularly those made of materials such as clay or concrete, align with this preference due to their longevity. The combination of economic growth, urbanization, climatic diversity, and a preference for durable and visually appealing roofing materials has contributed to the emergence of the APAC region as a significant market for roofing tiles.
Covid Impact Analysis:
The COVID-19 pandemic had a negative impact on the growth of the regional global roofing tiles market in 2020. To limit the spread of COVID-19, regulatory bodies in several countries in the region imposed lockdowns for several weeks in the first half of 2020. This led to a halt in construction, transportation, manufacturing, and other commercial activities in the government and private sectors, hampering the demand for roofing tiles in 2020. However, in 2021, due to the introduction of vaccines and large-scale vaccination drives, the number of COVID-19 cases declined in several countries. This led to the lifting of lockdowns and other COVID-19-related restrictions, which resulted in the resumption of the manufacture of tiles, including roofing tiles, in 2021. Furthermore, owing to this, several prominent vendors in the regional global roofing tiles market witnessed an increase in their revenues in 2021 and 2022. In recent years, there has been a push toward sustainable, energy-efficient, and technologically advanced construction methods, which is expected to fuel the growth of the global roofing tiles market during the forecast period.
Competitive Landscape:
The competitive landscape is assessed through a comprehensive analysis, incorporating both internal and external factors impacting the vendors covered in the report. Internal analysis evaluates vendor offerings, classifying them as pure-play vendors if focused solely on the global roofing tiles market or diversified vendors if involved in multiple industries. External analysis qualitatively assesses a vendor's ability to impact the global roofing tiles market through its actions. Dominant vendors wield significant influence, while weaker vendors lack the capacity to shape market dynamics.
Company Profile:
Ace Roofing Co.
Ace Roofing Co., a privately held company headquartered in the US, generates revenues in the range of $0-100 million with 0-50 employees. While its revenue from the global roofing tiles market contributes to its overall earnings, along with other offerings, it is not a primary revenue stream for the company.
Ace Roofing Co. - Product / Service:
Unified
Through this segment, the company offers a diverse range of roofing solutions, including roof tiles, flat roof tiles, lightweight roof coverings, chimney repairs, and other related services.
Ace Roofing Co. - Key Offerings:
Roofing Tiles
The company specializes in providing roofing tiles such as asphalt fiberglass composition roofing shingles, clay concrete roofing tiles, and other variants.
