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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
India Roofing Market Size
The India roofing market is anticipated to grow at a CAGR of 7% in the forecast period of 2024-2032 to reach a value of USD 14,669.58 million by 2032. The market is being driven by the robust growth of the construction sector in the country.
Key Takeaways
- In July-September 2023, the construction sector in India grew by 13.3% from a year earlier, marking its strongest quarter in over a year.
- In Feb 2024, the Minister of Housing & Urban Affairs stated that India’s construction sector is poised to become the third largest in the global market.
- Reportedly, in 2023, the demand for luxury properties increased by 112% in India, especially in metro cities.
Roofing is defined as the process of covering the top of a house, building or any residential or commercial structure to protect it from external environment or hazards such as storms, rain, theft, and others. Roofing comprises different sections, including the framework that supports it, the design aspects that ensure its effectiveness and durability, and the materials used for the protective layer. Roofing is typically done with a strong material that is durable and provides safety and security to the people or objects inside the structure.
Technological advancements and the introduction of new roofing technologies are likely to be the major factors driving the India roofing market growth in India. These advancements include green roofing, which provides various advantages such as absorption of rainwater, insulation, and an aesthetically pleasing landscape. Additionally, the easy installation of roofing components and the upgradation of previous infrastructure owing to the presence of advanced machinery is anticipated to further boost the market in the forecast period.
India Roofing Market Report Snapshots
India Roofing Market Regional Analysis
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The market is projected to grow at a CAGR of 7% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 14,669.58 million by 2032.
The major drivers of the market include the rapid urbanisation, increasing infrastructure investments, growing population, and rapid technological advancements.
Advancements in roofing technologies, the growing popularity of green roofing, and the ease of installation and upgradation offered by innovative roofing are the key trends propelling the market growth.
The major regions in the market are North, East, West, and South India.
Bituminous, tiles, metal, and plastic, among others, are the major roofing materials in the market.
The major types of roofing considered in the market report are flat roof and slope roof.
Residential, commercial, and industrial are the different end use sectors of the product.
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, among others.
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