India Roofing Market Growth, Trends, Size, Share, Scope, Challenges and Future Competition 2032
India Roofing Market Size- By Type, By Material, By End User- Regional Outlook, Competitive Strategies and Segment Forecast to 2032
| Published: Apr-2023 | Report ID: COAM2309 | Pages: 1 - 102 | Formats*: |
| Category : Construction & Manufacturing | |||
India Roofing Market Overview
According to SPER Market Research, the India Roofing Market is estimated to reach USD 13.49 billion by 2032 with a CAGR of 6.86%.
The Indian roofing market is an important part of the construction industry that is expected to see significant growth in the near future. It involves producing, distributing, and installing various roofing materials, including metal roofing, tiles, and asphalt shingles. The market is driven by factors such as urbanization, population growth, government initiatives to promote affordable housing and infrastructure development, and the adoption of green roofing technologies. The metal roofing segment is projected to grow the fastest due to its durability, low maintenance, and energy efficiency. Leading players in the Indian roofing market include Tata BlueScope Steel, Everest Industries, JSW Steel, and Hindalco Industries.
Exploring the Growth Drivers of the India Roofing Market Industry
The India roofing market is a crucial component of the construction industry, and its growth is propelled by various significant factors. Some of the main drivers of growth for the Indian roofing market industry include the rapid urbanization of India, leading to a surge in demand for housing and infrastructure, which, in turn, drives the need for roofing materials. Additionally, India has the world's second-largest population, which is projected to keep growing, leading to higher demand for housing, infrastructure, and roofing materials. The Indian government has launched various initiatives to promote affordable housing and infrastructure development, which also contributes to the growth of the roofing market. Moreover, the adoption of energy-efficient roofing materials such as metal roofing, which is renowned for its durability and energy-saving properties, is on the rise in India. Furthermore, the need for sustainable and eco-friendly roofing solutions is driving the adoption of green roofing technologies such as solar roofing. Finally, as Indian consumers' disposable income increases, there is a growing demand for high-quality roofing materials that provide better aesthetics and quality.
What challenges does the India Roofing Market face?
There are several challenges that the industry faces. Firstly, the lack of standardization in roofing materials and installation processes leads to quality control issues and concerns about safety. This results in inadequate and unreliable roofing systems, which have long-term implications such as accidents and increased maintenance costs.
Secondly, the Indian roofing industry faces competition from substandard and low-cost roofing materials imported from other countries, compromising the quality of roofing projects, leading to dissatisfied customers and poor-quality installations.
Thirdly, the industry also struggles with a shortage of skilled labour, leading to long lead times, delivery delays, and low productivity. Additionally, the high cost of raw materials used in roofing production, such as steel and aluminium, creates price instability, affecting the pricing and profitability of manufacturers and suppliers.
Lastly, the Indian roofing industry has not fully embraced technological advancements such as automation and digitization, resulting in outdated business models and inefficient processes. These challenges can be addressed through collaborative efforts between industry stakeholders and the government, such as favourable policies and regulations, investing in training programs, and adopting innovative technologies to improve productivity and quality.
In what ways has the COVID-19 pandemic affected India Roofing Market?
The COVID-19 pandemic had a significant impact on the India Roofing Market. One major effect has been disruptions to the supply chain, which has led to a shortage of raw materials and difficulties in transporting goods across borders. This has resulted in price fluctuations and challenges in meeting the demand for vegetable oils. In addition, the pandemic has also impacted the economy, which has led to reduced purchasing power and changes in consumer preferences. This has resulted in some consumers opting for lower-priced vegetable oils over premium products. Finally, the pandemic has also caused a slowdown in the production of biofuels, which are an important product of the vegetable oil industry. This has led to a reduction in demand for certain types of vegetable oils used in biofuel production, which has impacted the market.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2019-2032 |
| Base year considered | 2021 |
| Forecast period | 2022-2032 |
| Segments covered | By Material, By Type, By End Use |
| Regions covered | North India, South India, East India, West India |
| Companies Covered | Tata BlueScope steel, JWS steel, Coated products limited, Everest Industries limited, Bansal Roofing Products limited, Hindalco Ind limited, CK Birla group Others |
Key Target Audience:
- Construction companies
- Building contractors
- Architects
- Real estate developers
- Roofing material manufacturers
- Roofing material suppliers
India Roofing Market Segmentation:
1. By Material:
- Bituminous
- Tiles
- Metal
- Plastic
2. By Type:
- Flat Roof
- Slope Roof
3. By End Use:
- Residential
- Commercial
- Industrial
4. By Region:
- North India
- South India
- East India
- West India
Key Topics Covered in the Report:
- India Roofing Market Size (FY’2022-FY’2032)
- Overview of India Roofing Market
- Segmentation of India Roofing Market By Material (Bituminous, Tiles, Metal, Plastic, Others)
- Segmentation of India Roofing Market By Type (Flat Roof, Slope Roof)
- Segmentation of Indian Roofing Market By End Use (Residential, Commercial, Industrial, Others)
- Statistical Snap of India Roofing Market
- Growth Analysis of India Roofing Market
- Problems and Challenges in India Roofing Market
- Competitive Landscape in the India Roofing Market
- Impact of COVID-19 and Demonetization on India Roofing Market
- Details on Recent Investment in India Roofing Market
- Competitive Analysis of India Roofing Market
- Key Players in the India Roofing Market
- SWOT Analysis of India Roofing Market
- India Roofing Market Future Outlook and Projections (FY’2022-FY’2032)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report1.2. Market segment analysis
2. Research Methodology
2.1 Research data source2.1.1 Secondary data2.1.2 Primary data2.1.3 SPER’s internal database2.1.4 Premium insight from KOL’s2.2 Market size estimation2.2.1 Top-down and Bottom-up approach2.3 Data Triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis4.1.1 Drivers4.1.2 Restraints4.1.3 Opportunities4.1.4 Challenges4.2. COVID-19 Impacts of the India Roofing Market
5. Market variables and outlook
5.1. SWOT analysis5.1.1 Strengths5.1.2 Weaknesses5.1.3 Opportunities5.1.4 Threats5.2. PESTEL analysis5.2.1 Political landscape5.2.2 Economic landscape5.2.3 Social landscape5.2.4 Technological landscape5.2.5 Environmental landscape5.2.6 Legal landscape5.3. PORTER’S five forces analysis5.3.1 Bargaining power of suppliers5.3.2 Bargaining power of Buyers5.3.3 Threat of Substitute5.3.4 Threat of new entrant5.3.5 Competitive rivalry5.4. Heat map analysis
6. Competitive Landscape
6.1 Indian Roofing Market Manufacturing Base Distribution, Sales Area, Product Type6.2 Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in India Roofing Market
7. Indian Roofing Market, By Material, 2022-2032 (USD Million)
7.1 Bituminous7.2 Tiles7.3 Metal7.4 Plastic7.5 Others
8. India Roofing Market, By Type, 2022-2032 (USD Million)
8.1 Flat Roof8.2 Slope Roof
9. India Roofing Market, By End Use, 2022-2032 (USD Million)
9.1 Residential9.2 Commercial9.3 Industrial9.4 Others
10. India Roofing Market, By Region, 2022-2032 (USD Million)
10.1 India Roofing Market Size and Market Share by Region (2022-2028)10.2 India Roofing Market Size and Market Share by Region (2029-2032)10.3 North India10.4 South India10.5 East India10.6 West India
11. Company Profiles
11.1 Tata BlueScope Steel11.1.1 Company details11.1.2 Financial outlook11.1.3 Product summary11.1.4 Recent developments11.2 JWS Steel, Coated Products Limited11.2.1 Company details11.2.2 Financial outlook11.2.3 Product summary11.2.4 Recent developments11.3 Everest Industries Limited11.3.1 Company details11.3.2 Financial outlook11.3.3 Product summary11.3.4 Recent developments11.4 Bansal Roofing Products Limited11.4.1 Company details11.4.2 Financial outlook11.4.3 Product summary11.4.4 Recent developments11.5 Hindalco Ind Ltd.11.5.1 Company details11.5.2 Financial outlook11.5.3 Product summary11.5.4 Recent developments11.6 CK Birla Group11.6.1 Company details11.6.2 Financial outlook11.6.3 Product summary11.6.4 Recent developments11.7 Others11.7.1 Company details11.7.2 Financial outlook11.7.3 Product summary11.7.4 Recent developments
12. List of Abbreviations
13. Reference Links
14. Conclusion
15. Research Scope
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
India Roofing Market is projected to reach USD 13.49 billion by 2032, growing at a CAGR of 6.86% during the forecast period.
India Roofing Market grew in market size from 2021. The Market is expected to reach USD 13.49 billion by 2032, at a CAGR of 6.86% during the forecast period.
India Roofing Market CAGR of 6.86% during the forecast period.
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India Roofing Market size is USD 13.49 billion from 2022 to 2032.
India Roofing Market Segment is Covered By Product Category, By Material, By Type, By End Use
The Asia-Pacific region is anticipated to have the highest market share in India Roofing Market.
The key players in the market include Companies Covered Tata BlueScope steel, JWS steel, Coated products limited, Everest Industries limited, Bansal Roofing Products limited, Hindalco Ind limited, CK Birla group Others
The market is driven by factors such as urbanization, population growth, government initiatives to promote affordable housing and infrastructure development, and the adoption of green roofing technologies.
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