Will Roofing Tiles Market carry its growth momentum post COVID-19? Read more to know. · Wall Street Call

Roof tile market is likely to witness an impressive one CAGR of 6.1% during the forecast period, according to a report by Stratview Research.

Roof tile market

COVID-19 pandemic – a blessing or a curse for industry?

The COVID-19 outbreak has severely hit several industries around the world. Tough government measures like locking down key economies have paused for most industries. For most industries, revenues fell in 2020 and gradually resumed an upward trend from 2021 onwards.

Important insights into the roof tile market

Roof tile market is likely to witness an impressive one CAGR of 6.1% during the forecast period. The growing population, combined with rising global disposable income and economic growth, is likely to boost demand for middle class apartments and, consequently, demand for roof tiles over the forecast period.

Regional insights

The Asia-Pacific region is expected to be the largest market for roof tiles in the forecast period. The region consists of 50% of the world’s population and thus accounts for a large part of the construction activity around the globe. These constructions create a great demand for roof tiles in the region. China and India are the region’s main growth engines and offer significant growth opportunities over the forecast period.

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Report scope and market segmentation

Roof Tile Market Share: By Type

Depending on the type, the roof tile market is divided into clay, concrete, and others. Concrete roofs are expected to remain the largest segment in the forecast period due to increased construction activity around the globe.

Roof Tile Market Share: By Type of Application

Based on the type of application, the market is divided into residential and non-residential real estate. Residential real estate is the dominant market segment. Roof tiles are widely used in the construction of residential homes. The increasing world population and increasing economic activities have led to an increasing demand for residential construction activities and thus for roof tiles.

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What key questions will this report answer?

This market research report focuses on providing relevant information about market trends, structure and growth over the forecast period. It also provides insights into various segments of the market and other factors influencing the market.

Some of the key questions answered in 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 main strategies of the market participants?

Which segments offer the greatest opportunities?

Which are the most attractive regions?

What are the most important success factors for market participants?

How is the business environment affecting the market?

What strategic alliances have recently taken place and what is their significance?

Stratview Research reports are generated after collecting data from various authenticated sources. > 10 primary interviews with industry experts are carried out by us for each report. Insights from primary interviews, an in-depth analysis of company statements and annual reports, and a series of articles, white papers and reports help us connect the dots and triangulate the market in the most effective way.

Find out more about us:

Stratview Research is a global research firm known to provide custom research reports in various fields such as Advanced Materials, Aerospace & Defense, Automotive & Transportation, Consumer Goods, Construction & Equipment, Electronics & Semiconductors, Energy & Utilities, Healthcare & Life Sciences, and Oil & Gas. Our market veterans ensure thorough research on the topics so that professionals get the most useful and authentic insights.

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