According to IMARC Group latest report titled “India Roofing Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, offers a comprehensive analysis of the industry, which comprises insights on roofing market share in India. The report also includes competitor and regional analysis, and contemporary advancements in the market. The India roofing market is expected to exhibit a CAGR of 7% during 2022-2027.
Roofing is the method of constructing a cover for interior spaces to provide support to the walls and protect the enclosed area from harsh environmental factors. It is generally built using ceramic-coated granules, sand, clay, concrete, fiberglass and polycarbonate. Additionally, it consists of a supporting structure and the outer layer that are usually manufactured using long and rigid materials, such as bamboo and timber. Some of the popular roof designs that are widely preferred include mansard, mono-pitched, gabled, hipped, domed and arched.
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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
The market in India is primarily driven by the escalating need for housing units and residential spaces among individuals. Additionally, the increasing investments by public and private agencies in infrastructural development projects are providing a boost to the market growth. Furthermore, numerous leading players are heavily investing in launching innovative roofing solutions in the market, which are expected to favorably impact the market across the country. They are introducing corrugated and polycarbonate roofing sheets that provide enhanced durability and stability to the building, thereby gaining prominence among the masses. In addition to this, continuous technological advancements, such as the widespread adoption of laser printing technology in the manufacturing of large structural parts of the roof, are creating a positive outlook for the market. Other factors, including rapid urbanization, inflating per capita income levels and extensive research and development (R&D) activities conducted by key players for introducing sustainable roofing materials, are also positively influencing the market across India.
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Competitive Landscape with Key players:
The report has also analysed the competitive landscape of the market with some of the key players being.
Our report has categorized the market based on region, material type, type and application.
Key highlights of the report:
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