The latest intelligence report published by Report Ocean, titled”Roofing Tiles Market”2023: Increase in Demand and Opportunities,” offers valuable insights into the industry. The report provides a comprehensive analysis of research and information from various sources, empowering decision-makers worldwide to make a significant impact on the global economy. With a dynamic vision of the market size, statistics, and competitive landscape, the report presents a complete overview of the industry. It covers future trends, growth factors, consumption, production volume, CAGR value, opinions, profit margin, pricing, and industry-validated market data. This report assists individuals and market competitors in predicting future profitability and making crucial decisions for business growth.
The global roofing tiles market was valued at $30,400.0 million in 2019, and is projected to reach $41,354.9 million by 2027, registering a CAGR of 5.2% from 2020 to 2027.Roof tiles are installed on the roof, which protects it from rain, hail, heat, and cold. Various types of roof tiles include clay roof tile, concrete roof tile, metal roof tile, solar roof tile, plastic roof tile, and others. Roof tiles are generally used in residential construction due to its durability, fire resistance, and others.
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How Expansive is the Roofing Tiles Market?
The factors such as population growth, rise in urbanization coupled with increase in industrialization in developing countries such as India, China, Brazil, Indonesia, Bangladesh, and Egypt drive the construction activities which is expected to drive the growth of the global roofing tiles market during the forecast period. However, the COVID-19 pandemic has enforced many companies in the global roofing tiles market to halt their business operations to comply with new government regulations for curbing the spread of COVID-19. This halt in operations directly impacts the revenue flow of the roofing tiles market supply chain. In addition, implementation of lockdown and the need to maintain social distancing during this pandemic has resulted in dearth of manpower, which, in turn, has negatively impacted the market revenue.
On the contrary, technical advancements in roofing systems are anticipated to offer lucrative growth opportunities for the market players during the forecast period. The global roofing tiles market is segmented into type, construction type, end-user industry, and region. By type, the market is categorized into clay roof tile, concrete roof tiles, and others (which includes metal roof tiles, solar roof tiles, and plastic roof tiles).
Depending on construction type, it is fragmented into new construction and renovation & replacement. Based on end-user industry, the market is bifurcated into residential and non-residential. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. Asia-Pacific dominated the market in 2019, accounting for the highest share, and is anticipated to maintain this trend throughout the forecast period. This is attributed to increase in population, urbanization, and government initiatives for affordable housing.
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COMPETITION ANALYSIS
The key companies profiled in the report include Boral Limited, Crown Roof Tiles, Dachziegelwerke, Eagle Roofing, Ecostar LLC, Ludowici Roof Tile, Marley Ltd, MCA Clay Roof Tile, Shital Potteries, and Terreal Malaysia Sdn bhd.
KEY BENEFITS FOR STAKEHOLDERS
? The report provides an extensive analysis of the current and emerging roofing tiles market trends and dynamics.
? In-depth market analysis is conducted by constructing market estimations for the key market segments between 2019 and 2027.
? Extensive analysis of the roofing tiles market is conducted by following key product positioning and monitoring of the top competitors within the market framework.
? A comprehensive analysis of all the regions is provided to determine the prevailing opportunities.
? The global roofing tiles market forecast analysis from 2020 to 2027 is included in the report.
? The key market players within roofing tiles market are profiled in this report and their strategies are analyzed thoroughly, which help understand the competitive outlook of the roofing tiles market industry.
GLOBAL ROOFING TILES MARKET SEGMENTS
BY MATERIAL TYPE
– Clay Roof Tile
– Concrete Roof Tile
– Others
BY CONSTRUCTION TYPE
– New Construction
– Renovation & Replacement
BY END-USER INDUSTRY
– Residential
– Non-residential
BY REGION
– North America
o U.S.
o Canada
o Mexico
– Europe
o Germany
o UK
o France
o Italy
o Rest of Europe
– Asia-Pacific
o China
o India
o Japan
o Australia
o Rest of Asia-Pacific
– LAMEA
o Latin America
o Middle East
o Africa
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Table of Contents:
- Introduction and Scope
- Definition and Forecast Parameters
- Methodology and Forecast Parameters
- Information Sources
- Latest Trends Summary
- Regional Trends
- Product Trends
- End-Use Trends
- Business Trends
- Industry Insights
- Industry Fragmentation
- Industry Landscape
- Vendor Matrix
- Technological and Innovative Landscape
- Market by Region
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East and Africa
- Company Profiles
- Company Overview
- Financial Elements
- Product Landscape
- SWOT Analysis
- Systematic Outlook
Market Dynamics:
Market Drivers:
- Increasing emphasis on self-care and wellness, particularly among women. A
- Growing awareness of the health and beauty benefits offered by dietary supplements.
- Rising disposable incomes and willingness to invest in premium health and beauty products.
- Influence of social media and beauty influencers shaping consumer preferences.
- Changing lifestyles and health concerns driving the demand for supplementary nutrition.
Market Restraints:
- Lack of regulatory oversight and quality control in the supplements industry.
- Consumer skepticism and confusion regarding product claims and effectiveness.
- Potential risks and interactions with other medications or health conditions.
- Limited accessibility and affordability of supplements in certain regions.
Market Opportunities:
- Increasing demand for natural and organic supplements.
- Untapped market potential in the Asia-Pacific region.
- Development of innovative formulations and delivery methods.
- Collaborations with beauty brands or influencers for product endorsements.
- Integration of technology to personalize nutrition and enhance consumer experience.
Market Challenges:
- Intense competition among market players.
- Navigating regulatory complexities and meeting regional standards.
- Building trust and credibility with consumers.
- Educating consumers about the benefits and proper usage of supplements.
- Addressing concerns and skepticism regarding the safety and efficacy of supplements.
The report will include answers to the following key questions:
- What are the key current trends that can impact the product life cycle and return on investment?
- How do regulatory changes affect corporate, business, and functional strategies?
- Which initiatives by major players in micromarketing are likely to attract investment?
- What are the recommended frameworks and methodologies for conducting PESTLE analysis?
- In which areas are there emerging opportunities for growth and development?
- Which game-changing technologies will be instrumental in capturing new revenue streams in the near future?
- What operational and tactical frameworks are different players adopting to foster customer loyalty?
- What is the current level of market rivalry, and what is the expected degree of competition in the coming years?
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COMTEX_439353265/2796/2023-09-01T04:06:16
www.benzinga.com
https://www.benzinga.com/pressreleases/23/09/34165621/roofing-tiles-market-peak-predictions-market-size-expected-to-skyrocket-ahead
