India Roofing Market Size (2024 - 2029)

The India Roofing Market is experiencing growth driven by advancements in infrastructure and industrial sectors, alongside the increasing demand for energy-efficient and sustainable roofing materials, supported by government incentives. The market's expansion is further fueled by significant investments in infrastructure projects such as airports, highways, and smart cities, which boost the need for roofing materials. The residential sector, propelled by urbanization and increased disposable income, is expected to dominate the market, with government initiatives like "Housing for All" enhancing the demand for roofing products in affordable housing projects.

Market Size of India Roofing Industry

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India Roofing Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
Market Size (2024) USD 7.59 Billion
Market Size (2029) USD 10.41 Billion
CAGR (2024 - 2029) 6.50 %
Market Concentration Low

Major Players

India Roofing Market Major Players

*Disclaimer: Major Players sorted in no particular order

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India Roofing Market Analysis

The India Roofing Market size is estimated at USD 7.59 billion in 2024, and is expected to reach USD 10.41 billion by 2029, growing at a CAGR of 6.5% during the forecast period (2024-2029).

The Roofing Sector has benefited from growth in the infrastructure and industrial segments. Several manufacturers are now offering sophisticated roofing solutions that include unique elements and extend a structure's total lifespan. The need for roofing in India is being fueled by this and significant expansion in industrial construction. The Indian government has introduced various incentives and schemes to promote the use of energy-efficient and sustainable roofing materials, further driving market growth. Also, the Indian government has been investing heavily in infrastructure projects, including airports, highways, and smart cities. These projects contribute to the demand for roofing materials in the construction sector.

The Residential Sector is expected to account for a large portion of the market based on end users. This can be attributed to India's rapidly urbanizing population, increased disposable income, and rapid urbanization activities. These factors are expected to boost residential complexes or apartment buildings, hence raising demand for roofs, which is an essential component of any residential project.

The Indian government's "Housing for All" initiative has stimulated the construction of affordable housing projects, boosting the demand for roofing products suitable for such developments. The initiative targets various segments of the population, including the economically weaker sections (EWS), low-income groups (LIG), and middle-income groups (MIG). The state governments have also introduced various housing policies for the economically and socially weaker sections of society. These schemes aim to provide housing or plots for allotment or construction along with the basic amenities.

India Roofing Industry Segmentation

The roofing market refers to the industry and market segment that involves the manufacturing, distribution, installation, and maintenance of roofing materials and systems. Roofing is an essential part of construction and architecture, as it provides protection and shelter for buildings and their occupants from various weather conditions, including rain, snow, wind, and sunlight.

India's roofing market is segmented by roofing material (bituminous roofing, metal roofing, tile roofing, and other roofing materials), roofing type (flat roof and slope roof), and application (residential, commercial, and industrial). 

The report offers market size and forecast values (USD) for all the above segments, and the COVID-19 impact is comprehensively covered.

By Sector
Commercial Construction
Residential Construction
Industrial Construction
By Material
Bituminous
Tiles
Metal
Other Materials
By Roofing Type
Flat Roof
Slope Roof
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India Roofing Market Size Summary

The Indian roofing market is poised for significant growth, driven by the expansion of infrastructure and industrial sectors. The market is experiencing a shift towards advanced roofing solutions that enhance the durability and efficiency of structures. Government initiatives promoting energy-efficient and sustainable materials are further propelling market expansion. The surge in infrastructure projects, such as airports, highways, and smart cities, is creating a robust demand for roofing materials. The residential sector is expected to dominate the market, fueled by rapid urbanization, increased disposable incomes, and government schemes like "Housing for All," which aim to provide affordable housing for various income groups. This trend is encouraging a move away from traditional roofing materials to more innovative and reliable options, such as polycarbonate roofing sheets, which are gaining popularity for their ease of installation and low maintenance.

The market landscape is highly competitive and fragmented, with both domestic and international players contributing to its dynamism. Domestic companies leverage their understanding of local market dynamics, while international firms introduce advanced technologies and products. Key players in the market include Tata Bluescope Steel, CK Birla Group, Hindalco Ind Ltd, Bansal Roofing Products Limited, and Dion Incorporation. The market is also witnessing increased foreign direct investment, particularly in the construction and industrial sectors, as India becomes an attractive destination for global investors. The demand for roofing materials is expected to rise in both residential and non-residential segments, with significant opportunities in healthcare infrastructure, public transportation, and civil construction. The non-residential market is anticipated to see increased demand for metal, roof coatings, and single-ply membranes, making it a lucrative segment for roofing materials.

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India Roofing Market Size - Table of Contents

  1. 1. MARKET INSIGHTS

    1. 1.1 Market Overview

    2. 1.2 Technological Innovations in the Roofing Sector

    3. 1.3 Industry Value Chain/Supply Chain Analysis

    4. 1.4 Impact of Government Regulations and Initiatives taken in the Construction Industry

    5. 1.5 Review and Commentary on the Extent of Government Infrastructure Development Schemes

    6. 1.6 Impact of COVID-19 on the Market

  2. 2. MARKET SEGMENTATION

    1. 2.1 By Sector

      1. 2.1.1 Commercial Construction

      2. 2.1.2 Residential Construction

      3. 2.1.3 Industrial Construction

    2. 2.2 By Material

      1. 2.2.1 Bituminous

      2. 2.2.2 Tiles

      3. 2.2.3 Metal

      4. 2.2.4 Other Materials

    3. 2.3 By Roofing Type

      1. 2.3.1 Flat Roof

      2. 2.3.2 Slope Roof

India Roofing Market Size FAQs

The India Roofing Market size is expected to reach USD 7.59 billion in 2024 and grow at a CAGR of 6.5% to reach USD 10.41 billion by 2029.

In 2024, the India Roofing Market size is expected to reach USD 7.59 billion.

India Roofing Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)