India Roofing Market to be Driven by the Thriving Building and Construction Industry in the Forecast Period of 2021-2026 – Sawfnews.com

Expert Market Research’s new report titled ‘India Roofing Market Size, Share, Price, Trends, Growth, Industry, Report and Forecast 2021-2026’ provides an in-depth analysis of the Roofing Market in India, assessing the market based on its segments such as material, product, end-use, and major regions. The report follows the latest industry trends and studies their impact on the overall market. It also assesses market dynamics, including key demand and price indicators, and analyzes the market based on the SWOT and Porter’s Five Forces models.

Note 1: For a snapshot of the primary and secondary market data (2016-2026), along with business strategies and detailed market segmentation, click Request Sample Report. The sample report will be delivered to you within 24 hours.

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The main highlights of the report are:

Market overview (2016-2026)

• Forecast CAGR (2021-2026): 7%
• Forecasted market size (2026): USD 7.4 billion

The roofing industry in India is fueled by the country’s booming building and construction industry. Meanwhile, increasing investment in public facilities, such as educational institutions, hospitals, government offices and other public buildings, is expected to boost demand for roofing. Unlike its competitors, the metal category accounts for a large share of the market due to its superior properties and eco-friendly design. Metal roofs are in high demand for their ability to reflect UV and infrared rays from the sun, reducing cooling costs by 10 to 25%. Moreover, the market is propelled by rapid technological advancement and increasing inventions by the leading domestic players.

Industry Definition and Key Segments

Roofing is an essential aspect of any residential or commercial structure as it ensures the protection and safety of the building.

Read the full report with table of contents – https://www.expertmarketresearch.com/reports/india-roofing-market

The market is segmented by material into:

• Bituminous
Floor tiles
Metal
Plastic
• Others

The different types of the product include:

• Flat roof
• Pitched roof

The main applications of the product include:

residential
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industrial

In terms of region, the roofing industry in India is divided into:

• North
• East
• West
• South

Market trends

In May 2020, Tata BlueScope unveiled EZYBUILD, a smart steel structure, to improve healthcare infrastructure in the country’s fight against COVID-19. These smart steel structures are easy to design and build, making them ideal for customizing lifecare solutions such as isolation and quarantine units, test booths and sample storage booths. Such innovations are likely to give a new impetus to the roofing industry in India. In the forecast era, the market is expected to be boosted by the rising number of skilled workers in India and the adoption of advanced technology. The growth of the roofing industry in India is currently supported by low labor costs and availability of raw materials.

Main market players

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. The report covers the market shares, capabilities, plant turnarounds, expansions, investments, and mergers and acquisitions, among other latest developments of these market players.

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Note 2: As the novel coronavirus (COVID-19) continues to spread around the world, our analysts are continuously monitoring the impact of this rapidly evolving situation on markets and consumer purchasing behaviour. Our latest estimates and analysis on current market trends and forecasts will thus exhaustively reflect the effects of this emerging pandemic.

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