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India Roofing Market

India Roofing Market Size, Share, Trends, Growth, Forecast: By Material: Bituminous, Tiles, Metal, Plastic, Others; By Type: Flat Roof, Slope Roof; By End Use: Residential, Commercial, Industrial; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis, Key Indicators for Demand; Competitive Landscape; 2024-2032

India Roofing Market Outlook

The India roofing market size 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

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Key Trends and Developments

Rapid urbanisation, government housing initiatives, increased commercial and industrial construction, and a shift towards technological innovations and sustainable materials are positively impacting the India roofing market growth

 

Date Event
Jan 19th 2024 HCC's subsidiary, Steiner AG, sold its construction business, Steiner Construction SA, to France's Demathieu Bard for CHF 98 million (approx. Rs 928 crore).
Jul 20th 2023 Surat, India, is expected to be home to the world's largest office building, the Surat Diamond Bourse, with a $27 billion annual turnover.
May 22nd 2023 JSW Steel, through its subsidiary JSWSCPL, announced the acquisition of National Steel and Agro Industries for ₹621 crore to enhance its steel production capabilities.
Mar 28th 2023 KPG Roofings inaugurated its first Hyderabad showroom, marking its 40th in India, and resumed its pan-India expansion after a 2020 pause due to global logistics challenges.

 

 

Topic Description
Rapid urbanisation around the country India's rapid urbanisation has led to an increase in residential construction projects, including new housing developments and the renovation of existing buildings.
Government initiatives to provide housing Owing to the rising demand for residences, the Indian government has taken several steps to provide cost-effective and durable housing across the country.
A surge in demand for Commercial and Industrial Roofing India's booming commercial and industrial sectors, including new infrastructures like airports and metro stations, demand advanced roofing solutions.
Embracing Technological Innovations and Sustainable Materials The roofing market in India is transforming with the adoption of green, solar, and thermal efficient materials, driven by an emphasis on eco-friendly construction.

 

India Roofing Market Trends

The market has been driven by various factors such as rapid urbanisation, increased construction activities, government initiatives for infrastructure development, and a growing preference for sustainable and durable roofing materials. Government initiatives aimed at infrastructure development and affordable housing projects, such as the "Pradhan Mantri Awas Yojana" (PMAY), have significantly contributed to the India roofing market growth.

 

The expansion of commercial spaces, industrial facilities, and infrastructural projects such as airports, metro stations, and factories has further propelled the demand for durable and high-quality roofing materials. The need for specialised roofing solutions that offer thermal insulation, energy efficiency, and sustainability features is also on the rise in this segment.

 

India Roofing Market By Segments

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Market Segmentation

“India Roofing Market Report and Forecast 2024-2032” offers a detailed analysis of the market based on the following segments:

 

Market Breakup Categories
Material Bituminous, Tiles, Metal, Plastic, Others
Type Flat Roof, Slope Roof
End Use Residential, Commercial, Industrial
Region North India, East India, West India, South India

 

The growing population and urbanisation has surged the demand for housing facilities

The residential sector is anticipated to account for a significant share of the market in the coming years. This can be attributed to the rising population, increasing disposable income, and rapid urbanisation activities across India. These factors are likely to propel the construction activities of residential complexes or apartments, consequently increasing the demand for roofs, as roofing is a major part of any residential structure. Roofing protects the structure from rain, strong winds, sunlight, and thieves, and keeps the house warm in winter and cool in summer.

 

Meanwhile, the commercial sector also accounts for a significant portion of the India roofing market share. This can be attributed to the rising demand for office space and, the increasing construction of hotels, shopping malls, retail stores, and warehouses, among others, in the country. Roofs are of grave importance in any commercial building, owing to the strong need for safety and security of the structure.

 

Rising environmental awareness and demand for durability has propelled the popularity of metal roofs

On the basis of material, metal roofs are likely to account for a significant share of the market. Metal roofs are witnessing increased demand as they provide resistance to fire and impart strength and durability to the structure due to their superior quality. The increasing inclination of builders towards metal roofs is expected to propel the overall India roofing market growth.

 

Over the forecast period, the market is expected to be aided by the rising environmental awareness in India. As metal roofs can lower energy consumption, can be recycled, and reduce a home's carbon footprint, the material is expected to be one of the most preferred components towards structuring a building in the coming years.

 

On the other hand, tiles are expected to account for a sizable portion of the India roofing market share. This can be attributed to the material’s extensive utilisation in rural areas and its combination of aesthetic appeal, durability, and environmental sustainability.

 

India Roofing Market By Region

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Competitive Landscape

Major players in the India roofing market are increasingly focusing on adoption of sustainable technologies

 

Company Year Founded Headquarters Specialisation
Tata BlueScope Steel 2005 Maharashtra, India Coated steel, steel building solutions, and related products
JSW Steel 1982 Maharashtra, India Hot rolled, cold rolled steel, coated steel, and speciality steel
Everest Industries Limited 1934 Maharashtra, India Roofing, ceilings, walls, flooring, cladding, doors, and pre-engineered steel buildings
Bansal Roofing Products Limited 2008 Gujarat, India Metal roofing sheets, roofing accessories, PEB Systems, and more

 

Other key players in the India roofing market are Coated Products Limited, Hindalco Ind Ltd., and CK Birla Group, among others.

 

Companies in the India roofing market are investing in research and development to introduce new products that offer better performance, energy efficiency, and environmental sustainability. With an increasing focus on sustainability, companies are adopting green manufacturing practices and promoting eco-friendly roofing materials. Products such as solar roofs, green roofs, and materials made from recycled content are gaining popularity among environmentally conscious consumers.

 

India Roofing Market Analysis by Region

In North India, the climatic conditions are characterised by a broad spectrum of temperatures, encompassing intensely hot summers and severely cold winters, with certain areas also encountering substantial snowfall. This environmental diversity necessitates roofing materials that not only provide superior thermal insulation but are also robust enough to bear the weight of heavy snow accumulations.

 

The choice often gravitates towards slate and tiles, valued for their resilience and capability to endure the rigours of heavy snowfall, making them a suitable option for these regions. Metal roofing and concrete tiles are favoured for their long-term durability and minimal maintenance requirements, offering a practical solution for the varied architectural needs of these regions.

 

Southern India is known for its hot and humid climate, with extensive coastal areas. Clay tiles are traditionally preferred in this region for their natural cooling properties and aesthetic appeal. However, there is growing interest in modern materials like lightweight metal roofing and cool roof technologies that reflect more sunlight.

 

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Material
  • Type
  • End Use
  • Region
Breakup by Material
  • Bituminous
  • Tiles
  • Metal
  • Plastic
  • Others
Breakup by Type
  • Flat Roof
  • Slope Roof
Breakup by End Use
  • Residential
  • Commercial
  • Industrial
Breakup by Region
  • North
  • East
  • West
  • South
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • Tata BlueScope Steel
  • JWS Steel, Coated Products Limited
  • Everest Industries Limited
  • Bansal Roofing Products Limited
  • Hindalco Ind Ltd.
  • CK Birla Group
  • Others
Report Price and Purchase Option Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

 

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Snapshot
    6.1    India
7    Opportunities and Challenges in the Market
8    Asia Pacific Roofing Market Overview

    8.1    Key Industry Highlights
    8.2    Asia Pacific Roofing Historical Market (2018-2023)
    8.3    Asia Pacific Roofing Market Forecast (2024-2032)
    8.4    Asia Pacific Roofing Market by Country
        8.4.1    China
        8.4.2    India
        8.4.3    Japan
        8.4.4    Others
9    India Roofing Market Analysis
    9.1    Key Industry Highlights
    9.2    India Roofing Historical Market (2018-2023) 
    9.3    India Roofing Market Forecast (2024-2032)
    9.4    India Roofing Market by Material
        9.4.1    Bituminous
            9.4.1.1    Historical Trend (2018-2023)
            9.4.1.2    Forecast Trend (2024-2032)
        9.4.2    Tiles
            9.4.2.1    Historical Trend (2018-2023)
            9.4.2.2    Forecast Trend (2024-2032)
        9.4.3    Metal
            9.4.3.1    Historical Trend (2018-2023)
            9.4.3.2    Forecast Trend (2024-2032)
        9.4.4    Plastic
            9.4.4.1    Historical Trend (2018-2023)
            9.4.4.2    Forecast Trend (2024-2032)
        9.4.5    Others
    9.5    India Roofing Market by Type
        9.5.1    Flat Roof
            9.5.1.1    Historical Trend (2018-2023)
            9.5.1.2    Forecast Trend (2024-2032)
        9.5.2    Slope Roof
            9.5.2.1    Historical Trend (2018-2023)
            9.5.2.2    Forecast Trend (2024-2032)
    9.6    India Roofing Market by End Use
        9.6.1    Residential
            9.6.1.1    Historical Trend (2018-2023)
            9.6.1.2    Forecast Trend (2024-2032)
        9.6.2    Commercial
            9.6.2.1    Historical Trend (2018-2023)
            9.6.2.2    Forecast Trend (2024-2032)
        9.6.3    Industrial
            9.6.3.1    Historical Trend (2018-2023)
            9.6.3.2    Forecast Trend (2024-2032)
    9.7    India Roofing Market by Region
        9.7.1    North
        9.7.2    East
        9.7.3    West
        9.7.4    South
10    Regional Analysis
    10.1    North
        10.1.1    Historical Trend (2018-2023)
        10.1.2    Forecast Trend (2024-2032)
    10.2    East
        10.2.1    Historical Trend (2018-2023)
        10.2.2    Forecast Trend (2024-2032)
    10.3    West
        10.3.1    Historical Trend (2018-2023)
        10.3.2    Forecast Trend (2024-2032)
    10.4    South
        10.4.1    Historical Trend (2018-2023)
        10.4.2    Forecast Trend (2024-2032)
11    Market Dynamics
    11.1    SWOT Analysis
        11.1.1    Strengths
        11.1.2    Weaknesses
        11.1.3    Opportunities
        11.1.4    Threats
    11.2    Porter’s Five Forces Analysis
        11.2.1    Supplier’s Power
        11.2.2    Buyers Power
        11.2.3    Threat of New Entrants
        11.2.4    Degree of Rivalry
        11.2.5    Threat of Substitutes
    11.3    Key Indicators for Demand
    11.4    Key Indicators for Price
12    Value Chain Analysis
13    Trade Data Analysis

    13.1    Major Importing Countries
        13.1.1    By Volume
        13.1.2    By Value
    13.2    Major Exporting Countries
        13.2.1    By Volume
        13.2.2    By Value
14    Price Analysis
15    Competitive Landscape

    15.1    Market Structure
    15.2    Company Profiles
        15.2.1    Tata BlueScope Steel
            15.2.1.1    Company Overview
            15.2.1.2    Product Portfolio
            15.2.1.3    Demographic Reach and Achievements
            15.2.1.4    Certifications
        15.2.2    JWS Steel, Coated Products Limited
            15.2.2.1    Company Overview
            15.2.2.2    Product Portfolio
            15.2.2.3    Demographic Reach and Achievements
            15.2.2.4    Certifications
        15.2.3    Everest Industries Limited
            15.2.3.1    Company Overview
            15.2.3.2    Product Portfolio
            15.2.3.3    Demographic Reach and Achievements
            15.2.3.4    Certifications
        15.2.4    Bansal Roofing Products Limited
            15.2.4.1    Company Overview
            15.2.4.2    Product Portfolio
            15.2.4.3    Demographic Reach and Achievements
            15.2.4.4    Certifications
        15.2.5    Hindalco Ind Ltd.
            15.2.5.1    Company Overview
            15.2.5.2    Product Portfolio
            15.2.5.3    Demographic Reach and Achievements
            15.2.5.4    Certifications
        15.2.6    CK Birla Group
            15.2.6.1    Company Overview
            15.2.6.2    Product Portfolio
            15.2.6.3    Demographic Reach and Achievements
            15.2.6.4    Certifications
        15.2.7    Others
16    Key Trends and Developments in the Market


Additional Customisations Available

1    Manufacturing Process
    1.1    Overview
    1.2    Detailed Process Flow
    1.3    Operation Involved
2    Cost Analysis
    2.1    Raw Material
    2.2    Transportation
    2.3    Utilities
    2.4    Manpower
    2.5    Others

 

List of Key Figures and Tables

1.    Asia Pacific Roofing Market: Key Industry Highlights, 2018 and 2032
2.    Asia Pacific Roofing Historical Market: Breakup by Country (USD Million), 2018-2023
3.    Asia Pacific Roofing Market Forecast: Breakup by Country (USD Million), 2024-2032
4.    India Roofing Market: Key Industry Highlights, 2018 and 2032
5.    India Roofing Historical Market: Breakup by Material (USD Million), 2018-2023
6.    India Roofing Market Forecast: Breakup by Material (USD Million), 2024-2032
7.    India Roofing Historical Market: Breakup by Type (USD Million), 2018-2023
8.    India Roofing Market Forecast: Breakup by Type (USD Million), 2024-2032
9.    India Roofing Historical Market: Breakup by End Use (USD Million), 2018-2023
10.    India Roofing Market Forecast: Breakup by End Use (USD Million), 2024-2032
11.    India Roofing Historical Market: Breakup by Region (USD Million), 2018-2023
12.    India Roofing Market Forecast: Breakup by Region (USD Million), 2024-2032
13.    India Roofing Market Structure

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.

Analyst Review

The India roofing market is being driven by the rapid urbanisation, growing construction activities, and growing technological advancements in the country. Aided by the growing R&D activities towards the introduction of new roofing technologies, the market is anticipated to grow at a CAGR of 7% in the forecast period of 2024-2032. The market is projected to reach USD 14,669.58 million by 2032.

 

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on material, the market is divided into bituminous, tiles, metal, and plastic, among others. The major types of the product include flat roof and slope roof. On the basis of end use, the market is divided into residential, commercial and industrial. The major regional markets for roofing are North, East, West, and South India. The key players in the above market include Tata Bluescope Steel, JWS Steel, Coated Products Limited, Everest Industries Limited, Bansal Roofing Products Limited, Hindalco Ind Ltd., and CK Birla Group, among others.

 

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

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