Axiom MRC has updated all it's market research reports with the Economic Impact Analysis of COVID19 Pandemic on the market. Our team of analyst are following Comprehensive Three Dimensional (3D) Research Methodology along with large number primary interviews with key industry participants to bring insightful market reports to meet the current market requirements.
Roofing tiles are a type of tiles installed on the roof of the houses and apartments. They are manufactured from materials such as terracotta, clay, concrete, and slate. They are generally fixed with nails hung from the framework of a roof, overlapping the row below it. Roof tiles are preferred in residential construction, owing to its features and properties such as longevity, durability, fire resistance, wind resistance, and low long-term cost. Roofing tiles have low long-term cost but it has high upfront cost. Moreover, cost of installation of roofing system is also high. In addition, installation of roofing tiles requires skilled labor, which involves high wages. These factors are expected to hinder the growth of the market during the forecast period.
Various aspects such as rise in residential construction and improved spending on the renovation of buildings globally, is anticipated to drive the market growth. Owing to the mounting urbanization, the need for new residential construction projects is growing, which fuels the demand for residential roofing around the world, further raising the growth of roofing tiles market. Moreover, several laws and regulations have been implemented by governments in several countries in order to improve their infrastructure and real-estate industries, which lead to further demand for roofing tiles in the building.
However, the COVID-19 pandemic has enforced many companies in the global market to halt their business operations to comply with new government regulations for curbing the spread of COVID-19. This halt in operations directly impacts the revenue flow of the market supply chain. In addition, implementation of lockdown and the need to maintain social distancing during this pandemic has resulted in dearth of manpower, which, in turn, has negatively impacted the roofing tiles market revenue.
The report analyses the roofing tiles market based on material type, construction type, end use and geography. By material type, the market is segmented into clay roof tile, concrete roof tile and others. Based on construction type, the market is classified into new construction and renovation. residential, commercial and industrial are the end users taken into consideration in this study. The market is studied across various key countries of regions such as, North America, Europe, Asia Pacific and Rest of the World.
The key competitors of this market include Terreal Sdn Bhd, BMI Group, Etex Group, IKO Industries Limited, Ludowici Roof Tile Inc., Marley Ltd, Topps Tiles PLC, Weinberger SA, Boral Limited., Crown Roof Tiles, Dachziegelwerke, Eagle Roofing Products, EcoStar LLC and amongst others. New product launches and strategic acquisitions is primarily focused by many industry players in the region so as to maintain competitive edge in the market. Furthermore, many companies are looking to engage in the region to cater the growing demand for Hot Dogs and Sausages in the market.
The report analyses the roofing tiles market based on material type, construction type, end use and geography. By material type, the market is segmented into clay roof tile, concrete roof tile and others. Based on construction type, the market is classified into new construction and renovation. residential, commercial and industrial are the end users taken into consideration in this study. The market is studied across various key countries of regions such as, North America, Europe, Asia Pacific and Rest of the World.
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