| Label | Asphalt | Tiles | Metal | Concrete | Others | Commercial | Residential | Industrial |
|---|---|---|---|---|---|---|---|---|
| 2016 | 2028.6 USD Mn | 2081.6 USD Mn | 1912.8 USD Mn | 1896.2 USD Mn | 1347.7 USD Mn | 2864.6 USD Mn | 3728.2 USD Mn | 2674.1 USD Mn |
| 2017 | 2096.9 USD Mn | 2168.7 USD Mn | 1988.1 USD Mn | 1966.4 USD Mn | 1390.6 USD Mn | 2965.1 USD Mn | 3879.6 USD Mn | 2766 USD Mn |
| 2018 | 2172 USD Mn | 2264.3 USD Mn | 2070.8 USD Mn | 2043.5 USD Mn | 1438 USD Mn | 3075.6 USD Mn | 4045.8 USD Mn | 2867.1 USD Mn |
| 2019 | 2254 USD Mn | 2368.8 USD Mn | 2161.1 USD Mn | 2127.7 USD Mn | 1489.8 USD Mn | 3196.4 USD Mn | 4227.3 USD Mn | 2977.7 USD Mn |
| 2020 | 2341.1 USD Mn | 2480.2 USD Mn | 2257.3 USD Mn | 2217.3 USD Mn | 1544.9 USD Mn | 3324.7 USD Mn | 4420.8 USD Mn | 3095.3 USD Mn |
| 2021 | 2442.1 USD Mn | 2608.3 USD Mn | 2368.2 USD Mn | 2320.9 USD Mn | 1609.1 USD Mn | 3473.3 USD Mn | 4643.5 USD Mn | 3231.7 USD Mn |
| 2022 | 2547.7 USD Mn | 2743.4 USD Mn | 2484.9 USD Mn | 2429.7 USD Mn | 1676.2 USD Mn | 3629.1 USD Mn | 4878.3 USD Mn | 3374.6 USD Mn |
| 2023 | 2658.2 USD Mn | 2886 USD Mn | 2607.7 USD Mn | 2544 USD Mn | 1746.4 USD Mn | 3792.2 USD Mn | 5125.6 USD Mn | 3524.4 USD Mn |
Data Source: Wantstats Repository
Market Dynamics
India, being a growing economy with a population of over 1.3 billion, has a large market for various industries. One such industry is roofing, which plays a crucial role in providing shelter and protection to the people. With the increase in infrastructure development and urbanization, the demand for roofing in India has been on the rise in recent years. The demand for roofing in India can be broken down into different regions, each with distinct characteristics and preferences. In this article, we will discuss the demand for roofing in India by regions for the year 2016-2023. 1. North India: The northern region of India comprises of states like Delhi, Punjab, Haryana, Uttar Pradesh, and others. This region has a diverse climate with extreme temperatures, which makes it necessary to have sturdy and durable roofing solutions. The northern states are also experiencing a rise in commercial and industrial development, leading to an increase in demand for roofing materials such as metal, tiles, and asphalt shingles. 2. South India: The southern region of India includes states like Tamil Nadu, Kerala, Karnataka, and Andhra Pradesh. This region experiences relatively moderate temperatures, and the demand for roofing is mainly driven by residential construction.
With the expansion of cities and towns in this region, there is a demand for roofing materials that are cost-effective, low-maintenance, and eco-friendly. As a result, there is a growing trend of using clay tiles and green roofs in this region. 3. East India: The eastern region of India consists of states like West Bengal, Odisha, Jharkhand, and Assam. The demand for roofing in this region is primarily driven by the agriculture and industrial sector. Roofs made of corrugated sheets, asbestos, and metal are widely used in this region due to their affordability and suitability for extreme weather conditions. 4. West India: The western region of India includes states like Maharashtra, Gujarat, and Goa. This region has a diverse topography, with coastal areas, urban areas, and rural areas. The demand for roofing materials in this region is driven by the tourism sector, leading to the use of aesthetically appealing and durable materials like ceramic tiles, slate, and thatch. In conclusion, the demand for roofing in India varies by region, depending on the climatic conditions, economic development, and preference of materials.
However, with the government's focus on infrastructure development, there is expected to be a consistent growth in the demand for roofing materials across all regions in the future.
Research Methodology
Figures reflect Wantstats’ original market research and forecasting models, compiled as part of the Wantstats research archive and published in 2024.
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