As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.
The India roofing industry is being driven by the thriving building and construction sector in the country. The roofing is an essential part of any residential or commercial building as it provides safety and security to the building. Meanwhile, the rising investment towards the development of public infrastructures, such as educational institutes, hospitals, government offices, and others is likely to bolster the demand for roofing.
On the basis of material, the metal segment accounts for a significant share in the market owing to its superior properties as well as environmental-friendly nature when compared to its counterparts. The fact that metal roofs can reflect the UV and infrared rays emitted from the sun is driving their demand as this can reduce the cost of cooling by 10-25%. Moreover, the rapid technological advancements and the rising innovations by the leading domestic players are further propelling the market forward. For instance, In May 2020, Tata BlueScope launched a smart steel structure known as EZYBUILD to ramp up healthcare infrastructure amidst the country’s fight against COVID-19. These smart steel structures are easy to develop and install, and, thus, can be used as customised lifecare solutions in form of isolation and quarantine units, testing booths, and sample collection cabins. Such developments are likely to provide a further boost to the roofing industry in India. In addition, the leading global players in the roofing market, such as Carlisle Companies (NYSE: CSL) and Owens Corning (NYSE: OC) are adopting growth strategies like increasing mergers and acquisitions, capacity expansions, and increased R&D investments to enhance their customer base in emerging markets such as India.
The market is further expected to be propelled by the increasing number of skilled labourers in India and the rising adoption of cutting-edge technology in the forecast period. Currently, the low labour cost in the country and the availability of raw materials is positively impacting the roofing industry growth in India.
Market Breakup by Material, Type, End Use, and Region:
Key Findings of the Report:
Key Offerings of the Report:
The major players in the India roofing 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. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.
EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over a 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.
Expert Market Research
US & Canada Phone no: +1-415-325-5166
UK Phone no: +44-702-402-5790
*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.
We are technically excellent, strategic, practical, experienced and efficient; our analysts are hand-picked based on having the right attributes to work successfully and execute projects based on your expectations.
We leverage our cutting-edge technology, our access to trusted databases, and our knowledge of the current models used in the market to deliver you research solutions that are tailored to your needs and put you ahead of the curve.
We deliver in-depth and superior quality research in prices that are reasonable, unmatchable, and shows our understanding of your resource structure. We, additionally, offer attractive discounts on our upcoming reports.
Our team of expert analysts are at your beck and call to deliver you optimum results that are customised to meet your precise needs within the specified timeframe and help you form a better understanding of the industry.