According to the report published by Zion Market Research, the global Roofing Tiles Market size was valued at USD 10,456.23 Million in 2022 and is predicted to reach USD 15,319.61 Million by the end of 2030. The market is expected to grow with a CAGR of 4.890% during the forecast period.

The report analyzes the global Roofing Tiles Market’s growth drivers, restraints, and impact on demand during the forecast period. It will also help navigate and explore the arising opportunities in the Roofing Tiles Market industry.

Get a Free Sample : https://www.zionmarketresearch.com/sample/roofing-tiles-market

Global Roofing Tiles Market: Overview

Roofing tiles are kind of tiles installed on the roof ofbuildings. These are manufactured from slate, concrete, clay,terracotta, and other materials. These tiles are fixed on the roofwith the help of nails hanging from the roof framework, therebyoverlapping the row below it. Roofing tiles are widely utilized inthe residential sector due to their properties and features,including durability, longevity, fire resistance, and windresistance. Roofing tile is a long-term investment.

Global Roofing Tiles Market: Growth Factors

The growing demand forroofing tiles is particularly attributed to the significant population growth along with rapid industrialization andurbanization globally. In addition, the growing disposable incomeof the people leading to the upgradation in the lifestyle of theconsumer is further complementing the growth. Simultaneously, theincrease in income is igniting the remodeling and new constructionactivities, thereby widening the scope of market development in thenear future.

However, the ongoing technological advancements willoffer more lucrative growth opportunities in the global roofingtiles market in the forthcoming years. For instance, Tesla Inc. inOctober 2019 launched Solar Roof Tile V3. These solar roof tilesact as a substitute for conventional solar panels and do notrequire any frequent cleaning because there is no gap between thesolar roof tiles and roof thereby, no debris gets collected in thesystem. The continuous expansion of the building and constructionsector globally is further paving the way for the exponentialgrowth of the global roofing tiles market over the forecastedperiod. The Government of Canada, in June 2020, introduced a USD 30million fund program to assist homeowners to save money onrenovation and building projects.

The government of several regionsis launching more such initiatives to satisfy the demand of thegrowing population for residential spaces. Roofing tiles can lowerthe overall heat transfer into the attic space by around 70% whencompared to the asphalt shingle roof. However, roofing tiles areavailable for different purposes, including apartments,condominiums, townhomes, single-family homes, and other buildings.The global roofing tiles market is impacted by Covid-19 imposedlockdowns worldwide, but the market is reporting at a faster pacethan before with a strategic framework. Thereby a fast recovery isexpected in the market in the coming future.

Global Roofing Tiles Market: Segmentation

The global roofing tiles market can be segmented into end-user,construction type, material type, and region.

By end-user, the market can be segmented into non-residential and residential uses.

By construction type, the market can be segmented intorenovation, replacement, and new construction.

By material, the market can be segmented into concrete rooftiles, clay roof tiles, and others.

Directly Purchase a copy of the report with TOC : https://www.zionmarketresearch.com/toc/roofing-tiles-market