Roofing Systems Market- Global Industry Size, Share, Trends, Opportunity, and Forecast, 2024-2032-2027, Segmented By Material (Asphalt, Concrete, Metal, Plastic, Clay and Others), By Product (Tiles, Shingles & Plates and Others), By Construction Type (New Constructions and Reform Constructions), By End User Sector (Commercial, Residential, Non-Residential, Industrial and Others) and By Region
Published Date: November - 2024 | Publisher: MIR | No of Pages: 320 | Industry: Infrastructure | Format: Report available in PDF / Excel Format
View Details Buy Now 2890 Download Sample Ask for Discount Request CustomizationRoofing Systems Market- Global Industry Size, Share, Trends, Opportunity, and Forecast, 2024-2032-2027, Segmented By Material (Asphalt, Concrete, Metal, Plastic, Clay and Others), By Product (Tiles, Shingles & Plates and Others), By Construction Type (New Constructions and Reform Constructions), By End User Sector (Commercial, Residential, Non-Residential, Industrial and Others) and By Region
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The global roofing materials market size was estimated at USD 129.62 billion in 2023 and is expected to grow at a CAGR of 3.9% from 2024 to 2030.
The global roofing systems market is projected to grow at a formidable rate during the forecast period, 2023-2027. The market growth can be attributed to the growing construction activities, increasing investments in urban infrastructure and high investments for smart cities. Advances in the construction sector owing to rapid urbanization and innovations in technology are some of the factors propelling the growth of the global roofing systems market. Besides, increasing demand for roofing products such as green roofing, eco-friendly roofing materials, and drones for roof inspections are adding to the market growth. Key players in the roofing market are focusing on designing efficient roofing systems to ensure long-term performance and withstand harsh climatic conditions, which is anticipated to fuel the growth of the global roofing systems market. Moreover, rise in the number of non-residential projects in emerging economies such as academic institutions, schools, hospitals, industrial buildings, etc. are expected to drive the demand for bituminous roofing, which is anticipated to fuel the market growth. As governments of various countries, especially developing nations are investing in infrastructural development, the demand for roofing systems is growing at a significant rate, which is expected to propel the market growth even further in the coming years.
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The global roofing systems market is segmented on the basis of material, product, construction type, end use sector, and region. Based on material, the market is divided into asphalt, concrete, metal, plastic, clay, and others. The asphalt segment is anticipated to dominate the market owing to their wide application in making roofing systems since they are low-cost material and are readily found at. Based on product, the market has been segmented into tiles, shingles & plates, and others. In 2024-2032, the shingles & tiles segment held the largest share because of their low cost and easy installation techniques. Based on end-use segment, the market has been segmented into commercial, residential, non-residential, industrial and others. In 2024-2032, the residential sector dominated the market due to rapid urbanization and lenient lending policies of governments across all regions.
Some of the leading players in the global roofing systems market are Compagnie De Saint Gobain SA, Owens Corning, ETEX Group NV, Braas Monier Building Group SA, Berkshire Hathaway Inc., CSR Limited, Atlas Roofing Corporation, Boral Limited, Carlisle Companies Incorporated, The Siam Cement Public Company Limited, etc.
India Roofing Market Trends
Booming Construction and Urban Development in IndiaFDI Growth and Future Projections
The real estate segment includes residential properties, offices, retail spaces, hotels, and leisure parks. In contrast, the urban development segment covers areas such as water supply, sanitation, urban transport, schools, and healthcare. As per industry reports from 2023, India's population was expected to reach 1.64 billion by 2047, with an estimated 51% residing in urban centers. From April 2000 to March 2024, the construction (infrastructure) sector attracted foreign direct investment (FDI) inflows totaling USD 33.91 billion, making it one of the top recipients of FDI in the country.
Under the automatic route, 100% FDI is permitted in completed projects for the operations and management of townships, malls, shopping complexes, and business constructions. Similarly, 100% FDI is also allowed for urban infrastructures, including urban transport, water supply, sewerage, and sewage treatment, all under the automatic route.
Projections indicate that by 2047, more than half of India's populace will reside in urban locales, amplifying the demand for residential, commercial, and infrastructural projects. Furthermore, the Indian government's favorable policies, such as permitting 100% Foreign Direct Investment (FDI) through the automatic route, enhance the allure of these sectors for global investors. With a steady influx of FDI into both infrastructure and real estate, India's construction landscape is primed for ongoing expansion and burgeoning opportunities.
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Attribute |
Details |
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Historic Data |
2024-2032 – 2024-2032 |
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Estimated Year |
2022 |
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Forecast Period |
2023 – 2027 |
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Quantitative Units |
Revenue in USD Million, Volume in Units, CAGR for 2024-2032-2024-2032 and 2022-2027 |
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Report coverage |
Revenue Forecast, Volume Forecast, Company Share, Competitive Landscape, Growth Factors, And Trends |
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Segments covered |
· By Material · By Construction Type · By Product · By End User Sector |
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Region scope |
Asia Pacific; Europe & CIS; North America; South America; Middle East & Africa |
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Country scope |
China; India; Japan; South Korea; Australia; Singapore; Malaysia; France; Germany; United Kingdom; Italy; Spain; United States; Mexico; Canada; Brazil; Argentina; Colombia; South Africa; Saudi Arabia; UAE; Qatar |
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Key companies profiled |
Compagnie De Saint Gobain SA, Owens Corning, ETEX Group NV, Braas Monier Building Group SA, Berkshire Hathaway Inc., CSR Limited, Atlas Roofing Corporation, Boral Limited, Carlisle Companies Incorporated, The Siam Cement Public Company Limited |
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Customization scope |
10% free report customization with purchase. Addition or alteration to regional & segment scope. |
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Pricing and purchase options |
Avail customized purchase options to meet your exact research needs. Explore purchase options |
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Delivery Format |
PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
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