(MENAFN- Ameliorate Digital Consultancy) Looking forward, Market intelligence Data group expects the market to grow at a CAGR +5.3% of during 2023-2029.
Global solar roof tiles Market 2023-2029 research report gives most upcoming industry information on the market situation and future outlook. This report provides you analysis of Solar Roof Tiles market size, share, future growth, and cost structure, statistical and comprehensive data of the global market. The report is beneficial for strategists and industry players to plan their future business strategies. This is an in-depth market report, provides all you need to know about the Solar Roof Tiles Market. It includes the market news and updates about the market current situation, historic data, present market trends , and this factor which is valuable and supportive to the business.
With tables and figures helping analyze worldwide Global Solar Roof Tiles market trends, this research provides key statistics on the state of the industry and is a valuable source of guidance and direction for companies and individuals interested in the market.
Market Overview:
The Solar Roof Tiles Market has witnessed continuous growth in past few years and is projected to grow at good pace during the forecast period of 2023-2029. The exploration provides a 360° view and insights, highlighting major outcomes of Solar Roof Tiles industry. These insights help the business decision-makers to formulate better business plans and make informed decisions to improved profitability. Additionally, the study helps venture or emerging players in understanding the businesses to make well-informed decisions.
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Top Prominent Players Mentioned in this report:
This report also introduces players in the industry from the perspective of the market share, concentration ratio, etc., and describes the leading companies in detail, with which the readers can get a better idea of their competitors and acquire an in-depth understanding of the competitive situation. Key companies covered as a part of this study include: GAF Energy,Tesla,Terreal ,CertainTeed,IKO,Midsummer,GB-Sol,Luma Solar,SolteQ,SunTegra,Shinto,Solarmass Energy,SunStyle,Autarq,Ennogie,Dyaqua,Meyer Burger and others.
Solar Roof Tiles Market Recent Developments
In January 2021, the Terreal Group completed the acquisition of Creaton, one of the largest German manufacturers of brick roofing tiles based in Wertingen, Bavaria. The acquisition will help Terreal target the European market in the clay roofing tiles sector. In September 2021, IKO Industries Ltd announced the acquisition of New Zealand-based Ross Roof Group (RRG). The acquisition will help IKO Industries Ltd expand its market in the metal roofing industry.
Solar Roof Tiles Market Trends
This section covers the major market trends shaping the Solar Roof Tiles Market according to our research experts:
Residential Construction to Witness Noticeable Growth
The increasing middle-class population, coupled with increasing disposable income, facilitated the expansion of the middle-class housing segment. This factor may boost the use of roofing tiles during the forecast period (2023-2029). The usage of roofing tiles for residential applications can reduce the overall heat transfer into the attic space by almost 70% compared to an asphalt shingle roof. Roofing tiles are available for various types of residences, including single-family homes, townhomes, condominiums, and apartment buildings. Due to expanding housing construction activities in China, India, and the United States, the roof tiles market is excepted to register a healthy growth rate in Asia-Pacific and North America. According to the US Censor Bureau, the total privately-owned housing units authorized by building permits in December 2021 were 1,873,000, 9.1% more than the revised rate of 1,717,000 in November. In 2021, an estimated 1,724,700 housing units were authorized by building permits, 17.2% more than 1,471,100 in 2020.
Global Solar Roof Tiles Market Segmentation:
Market segment by Application:
Residential Rooftop
Commercial Rooftop
Market segment by Type :
Monocrystalline Solar Cells
Thin-film Solar Cells
Regional Insight:
The Middle East and Africa (Turkey, GCC Countries, Egypt, South Africa)
North America (United States, Mexico, and Canada)
South America (Brazil etc.)
Europe (Germany, Russia, UK, Italy, France, etc.)
Asia-Pacific (China, Japan, Philippines, Korea, India, Indonesia, and Australia)
Asia-Pacific to Dominate the Market
The Asia-Pacific region dominated the roofing tiles market. With growing investments in residential and commercial construction in countries such as India, China, the Philippines, Vietnam, and Indonesia, the market for roofing tiles is expected to increase in the coming years. According to Statista, China has become the largest construction market globally. In 2021, China's construction industry's value amounted to USD 1,117.4 billion. As the government planned to focus on improving the infrastructure in small and medium-sized cities, the construction industry registered growth in the country. In India, the construction development sector (townships, housing, built-up infrastructure, and construction development projects) and construction (infrastructure) activities stood at USD 26.08 billion and USD 24.72 billion, respectively, between April 2020 and March 2021.
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This report aims to provide:
– A qualitative and quantitative analysis of the current trends, dynamics, and estimations from 2023 to 2029.
– The analysis tools such as SWOT analysis and Porter's five force analysis are utilized, which explain the potency of the buyers and suppliers to make profit-oriented decisions and strengthen their business.
– The in-depth market segmentation analysis helps identify the prevailing market opportunities.
– In the end, this Solar Roof Tiles report helps to save you time and money by delivering unbiased information under one roof.
Key question answered in this report
What will the market size be in 2029 and what will the growth rate be? What are the key market trends? What is driving this market? What are the challenges to market growth? Who are the key vendors in this market space? What are the market opportunities and threats faced by the key vendors? What are the strengths and weaknesses of the key vendors? Buy now@:
Table of Contents: Solar Roof Tiles Market
Part 1: Overview of Solar Roof Tiles Market
Part 2: Global Solar Roof Tiles Market Status and Forecast by Regions
Part 3: Global Market Status and Forecast by Types
Part 4: Global Market Status and Forecast by Downstream Industry
Part 5: Market Driving Factor Analysis
Part 6: Market Competition Status by Major Manufacturers
Part 7: Major Manufacturers Introduction and Market Data
Part 8: Upstream and Downstream Market Analysis
Part 9: Cost and Gross Margin Analysis
Part 10: Marketing Status Analysis
Part 11: Market Report Conclusion
Part 12: Solar Roof Tiles: Research Methodology and Reference
Finally, the Solar Roof Tiles Market report is the believable source for gaining the market research that will exponentially accelerate your business.
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