Roofing Tiles Market is likely to witness an impressive CAGR of 6.1% during the forecast period, according to a report from Stratview Research.
COVID-19 pandemic – Boon or a Curse to the industry?
The outbreak of COVID-19 has severely impacted several industries across the world. Tough government measures such as lockdown of major economies, has pressed the ‘pause button’ for most of the industries. For most of the industries, the revenue has gone down in 2020 and has resumed an uptrend gradually from 2021.
Key insights on Roofing Tiles Market
Roofing Tiles Market is likely to witness an impressive CAGR of 6.1% during the forecast period. Growing population coupled with increasing disposable income and economic growth around the globe is likely to facilitate the growth in demand for middle class housings and subsequently, the demand for roofing tiles during the forecast period.
Asia Pacific is expected to be the largest market for roofing tiles during the forecast period. The region consists of 50% of the world population and hence, major share of the construction activities around the globe. These constructions generate huge demand for roofing tiles in the region. China and India are the key growth engines of the region offering substantial growth opportunities during the forecast period.
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Report Scope & Market Segmentation
Roofing Tiles Market Share: By Type
Based on the type, the roofing tiles market is segmented as clay, concrete, and others. Concrete roofing tyles are expected to remain the largest segment during the forecast period owing to increased construction activities around the globe.
Roofing Tiles Market Share: By Application Type
Based on the application type, the market is segmented as residential and non-residential. Residential is the dominant segment of the market. Roofing tiles are widely used in construction of residential homes. Increasing global population and economic activities have resulted into an increase in demand for residential construction activities and hence roofing tiles.
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Which key questions will this report answer?
This market research report focuses to deliver relevant information regarding the market trends, structure and growth during the forecast period. It also offers insights into different market segments and other factors affecting the market.
Some of the key questions answered by the report are:
What is the impact of COVID-19 on the market forecast?
What are the trends, drivers, and challenges?
How competitive is the market? Who are the market leaders?
What are the key strategies adopted by the market players?
Which segments offer the greatest opportunities?
Which are the most attractive regions?
What are the key success factors for the market players?
How does the business environment impact the market?
Which strategic alliances have taken place recently and their significance?
Stratview Research’s reports are generated after accumulating data from various authenticated sources. > 10 primary interviews with industry experts are conducted by us for every report. Insights gained from primary interviews, in-depth analysis of company statements and annual reports, accompanied by a number of articles, whitepapers, and reports help us to connect the dots and triangulate the market in the most effective manner.
Know more about us:
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