The new report from Market Experts Research titled, “Roofing Market Share, Size, Industry Report and Forecast 2023-2028”, provides an in-depth analysis of the India roofing market, assessing the market based on the segments of its material, product, end uses and major regions.
The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses market dynamics, covering key demand and price indicators, along with market analysis based on SWOT and Porter’s Five Forces models.
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Highlights of the report include:
Market Overview (2018-2028)
• Forecast CAGR (2023-2028): 7%
• Forecast market size (2026): $9.7 billion
India’s roofing industry is fueled by the country’s booming building and construction industry. Meanwhile, increased investment in public facilities, such as educational institutions, hospitals, government offices and other public buildings, is expected to increase the demand for roofing. Compared to its competitors, the metal category occupies a large share of the market due to its superior properties as well as its eco-friendly design.
Metal roofs are in high demand due to their ability to reflect UV and infrared rays emitted by the sun, which can minimize cooling costs by 10 to 25%. Moreover, the market is being pushed forward by the rapid technological advancements and increasing inventions by the major domestic players.
India Roofing Industry Definition and Key Segments
Roofing is an essential aspect of any residential or commercial structure because it provides the protection and safety of the building.
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The market is segmented on the basis of material into:
Different product types include:
• Flat roof
• Pitched roof
The main end uses of the product include:
Regionally, India’s roofing industry is segmented into:
India Roofing Market Trends
Tata BlueScope unveiled EZYBUILD, a smart steel structure, in May 2020 to improve healthcare infrastructure in the country’s battle against COVID-19. These smart steel structures are simple to design and build, making them ideal for customizing life care solutions such as isolation and quarantine units, testing booths and sample storage booths. Such innovations are likely to give India’s roofing industry a further boost. In the forecast era, the market is expected to grow due to the increase in the number of skilled workers in India and the adoption of the most advanced technology. The growth of the roofing industry in India is currently being aided by the country’s low labor costs and availability of raw materials.
Major market players
The major players in the market are Tata Bluescope Steel, JWS Steel, Coated Products Limited, Everest Industries Limited, Bansal Roofing Products Limited, Hindalco Ind Ltd. and CK Birla Group. The report covers market shares, capacities, plant turnarounds, expansions, investments, and mergers and acquisitions, among other recent developments of these market players.
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