According to IMARC Group latest report titled “India Roofing Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, offers a comprehensive analysis of the industry, which comprises insights on India Roofing Market. The report also includes competitor and regional analysis, and contemporary advancements in the market. The India roofing market size reached US$ 6.5 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 9.7 Billion by 2028, exhibiting a growth rate (CAGR) of 6.64% during 2023-2028.
What are roofing market?
Roofing represents the process of constructing the top covering of a building. It is commonly made using various materials, such as copper, ridge cap, drain, slate, asphalt shingles, plastic cement, base ply, fasteners, felt, flashing, gravel, sheet, metal, tiles, etc., depending on the consumer preference and the prevailing weather conditions. Roofing is mainly divided into two kinds, flat and slope, which provide energy efficiency and assist in lower construction and repair costs. It improves the durability of buildings, adds significant value, and offers protection against harsh environmental conditions, including wind and scorching sun rays. Roofing provides innovative features and increases the overall lifespan of a structure. As a result, it finds widespread utilization in residential, commercial, and industrial buildings across the country.
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What are the growth prospects and trends in the India roofing industry?
The escalating demand for polycarbonate sheets in sky lighting, swimming pools, display signboards, and walkways, on account of their weather-resistant properties and low maintenance costs, is among the primary factors driving the India roofing market. Besides this, the growing popularity of clear panels containing protective film layers that filter out harmful ultraviolet (UV) sun rays in sunrooms, patios, and places that need natural light is further augmenting the market growth. Apart from this, the elevating requirement for strong, eco-friendly, and durable corrugated roofing sheets that offer enhanced strength and utility to protect sheds, garages, and porches is also catalyzing the market across India. Moreover, the shifting consumer inclination from conventional materials towards reliable product variants, owing to their rising income levels, is acting as another significant growth-inducing factor. In addition to this, the inflating expenditure capacities of individuals and the expanding construction industry are also stimulating the market growth. Furthermore, the emerging trend of green buildings, which utilize zinc-aluminum coated sheets that provide atmospheric resistance, is anticipated to propel the India roofing market in the coming years.
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
- Bansal Roofing Products Limited
- CK Birla Group
- Everest Industries Limited
- Hindalco Industries Ltd.
- JWS Steel Coated Products Limited
- Tata Bluescope Steel
India Roofing Market Segmentation:
Our report has categorized the market based on region, material type, type and application.
Breakup by Material Type:
- Bituminous
- Tiles
- Metal
- Plastic
- Others
Breakup by Type:
Breakup by Application:
- Residential
- Commercial
- Industrial
Breakup by Region:
- North India
- West and Central India
- South India
- East India
Key highlights of the report:
- Market Performance (2017-2022)
- Market Outlook (2023-2028)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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