India Roofing Market Share, Trends, Revenue, Challenges, Growth Opportunities, Size, CAGR Status, Challenges and Forecast Analysis Till 2032


India Roofing Market Share, Trends, Revenue, Challenges, Growth Opportunities, Size, CAGR Status, Challenges and Forecast Analysis Till 2032: SPER Market Research

 Published: Apr-2023
 Author: SPER Analyst

India Roofing Market is projected to be worth USD 13.49 billion by 2032 and is anticipated to surge at a CAGR of 6.86%.

The roofing market in India is growing at a rapid pace, driven by increasing urbanization, industrialization, and rising disposable incomes. The market is highly fragmented, with various types of roofing solutions available, including metal roofing, tiles, concrete, and asphalt shingles. With a growing focus on sustainable and energy-efficient building solutions, there is an increasing demand for eco-friendly roofing solutions such as cool roofs and green roofs. However, the lack of standardization and regulation in the industry poses a significant challenge to the safety and health of workers and residents. Despite these challenges, the Indian roofing market presents numerous opportunities for manufacturers and suppliers, with the government introducing safety standards and regulations to improve the overall quality of roofing solutions in the country.

India Roofing Market Driving Factors and Challenges
The roofing market in India is poised to grow steadily in the foreseeable future, thanks to a confluence of factors. A key driver of growth in this industry is the country's burgeoning population and urbanization. The shift towards urban living has spurred demand for both residential and commercial buildings that require robust roofing solutions. Another factor that is fueling demand for roofing solutions is the growing middle class and the rise in disposable income. This demographic group can now afford to construct or renovate homes, thereby boosting demand for roofing materials. The Indian government's push for affordable housing under various schemes like the Pradhan Mantri Awas Yojana (PMAY) is also contributing to the growth of the roofing market. With the aim of providing housing to all citizens by 2022, the demand for roofing solutions has increased considerably. However, the roofing market in India faces several challenges that threaten its growth prospects. 

A significant obstacle is the lack of standardization in the roofing industry. The availability of a wide range of roofing materials on the market makes it challenging for consumers to distinguish between quality products and substandard ones. Furthermore, many Indian consumers still prioritize low-cost roofing solutions, even if they are not durable or of high quality. This lack of awareness about the benefits of using high-quality roofing materials poses another challenge to the industry. Logistics and transportation issues also pose a significant challenge to the roofing industry in India. The country's vast size and inadequate transportation infrastructure make it challenging to transport roofing materials from one region to another, leading to higher costs and delays.

Impact of COVID-19 on India Roofing Market 
The COVID-19 pandemic has had a significant impact on the roofing market in India. The lockdowns and restrictions imposed to curb the spread of the virus have led to a slowdown in the construction sector, affecting the demand for roofing materials. Many ongoing projects were put on hold, leading to a decline in the overall market size. The pandemic has also disrupted the supply chain, caused a shortage of raw materials and increasing the cost of production. The economic uncertainty caused by the pandemic has resulted in a cautious approach towards investments, affecting the growth of the roofing market. However, the government's push towards infrastructure development and affordable housing schemes have provided some respite to the market. The adoption of new technologies and eco-friendly roofing materials has also opened up new growth opportunities. Overall, the roofing market in India is expected to recover gradually as the economy bounces back from the pandemic's impact.

India Roofing Market Key Players
The market study provides market data by competitive landscape, revenue analysis, market segments and detailed analysis of key market players such as; Tata BlueScope Steel, JWS Steel, Coated Products, Everest Industries limited, Bansal Roofing Products Limited, Hindalco Ind Limited, CK Birla Group, Others.

India Roofing Market Segmentation:

By Type: Based on the Type, India Roofing Market is segmented as; Flat Roof, Slope Roof

By Material: Based on the Material, India Roofing Market is segmented as; Bituminous, Tiles, Metal, Plastic, Others

By End Use: Based on the End Use, India Roofing Market is segmented as; Residential, Commercial, Industrial, Others

By Region: This report also provides the data for key regional segments of North India, South India, East India, West India

This study also encompasses various drivers and restraining factors of this market for the forecast period. Various growth opportunities are also discussed in the report.

Join Our SPER Panel

Our Global Clients

Our data-driven insights have influenced the strategy of 200+ reputed companies across the globe.
SPER-Astellas Pharma
SPER-Citi Bank
SPER-Johnson & Johnson


Market Research

We are the leading, full-service global market research and consulting company.

iso-1 iso-1 iso-1 ESOMAR
Secure Payments
SPER Payment Options
Contact HR

 [email protected]