How Roofing Market is gaining growth prospects, In India? Players evolve: Sahayadri Industries, Sturdy Industries, Visaka Industries

March 13 14:08 2019

Roofing Market
HTF Market Intelligence released a new research report of 177 pages on title ‘Roofing Market in India 2013’ with detailed analysis, forecast and strategies. The study covers important players such as Everest Industries Ltd., HIL Ltd., Pennar Industries Ltd., Ramco Industries Ltd. ETC.

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HTF latest market research report titled Roofing Market in India 2013 depicts the current status of roofing industry with a special focus on asbestos, tile and metal roofing segments. Currently, the roofing sector is preparing for the next generation products, with infrastructure and industrial boom being the major demand drivers. Airports, metro rails, Special Economic Zones, industrial cities and IT parks have initiated the need of enhanced construction technology. Urban consumers are gradually shifting from conventional roofing system to high quality, more technically advanced roofing systems based on their purchasing capacity. Asbestos roofing is becoming increasingly popular in the rural areas owing to the rise in rural income supported by government initiatives such as Mahatma Gandhi National Rural Employment Guarantee Act which promises employment to low-income individuals. Affordable housing programs also aids in demand generation for the roofing industry.

 

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The emerging concept of pre-engineered buildings (PEB) provides huge opportunity for the metal roofing players to capitalize upon. Manufacturing industries such as power, automobile, engineering goods and services including logistics, warehouses and infrastructure are large users of PEB. Presently India’s per capita steel consumption is around 45-50 kg which is way lower than the world average of 175 kg signifying the expansion opportunity for the steel roofing industry owing to the increasing construction activities across the country. However, lack of skilled labor force required for roofing installation and maintenance adversely impacts the roofing market. Further, the presence of unorganized players offering roofing products at low prices poses major threat to the organized players in the industry.

Currently, there is a prominent trend of installed production capacity expansion, particularly for the asbestos roofing sheets, by major players such as Everest, HIL, Ramco and Visaka which indicates the optimistic outlook held by the industry experts for the domestic roofing market.

Companies Mentioned in the Report
Public Companies

Everest Industries Ltd., HIL Ltd., Pennar Industries Ltd., Ramco Industries Ltd., Sahayadri Industries Ltd., Sturdy Industries Ltd.,  Visaka Industries Ltd.

Private Companies
Assam Roofing Ltd., Balmukund Cement & Roofings Ltd., Interarch Building Products Pvt. Ltd., Kirby Building Systems India Ltd., Monier Roofing Pvt. Ltd., Tata Bluescope Steel Ltd., UAL Industries Ltd.,  Vardhman Roofing Pvt. Ltd.

Slide 1: Executive Summary
Macro Economic Indicators
Slide 2: GDP at Factor Cost: Quarterly (2009-10, 2010-11, 2011-12, 2012-13), Inflation Rate: Monthly (Nov – Dec 2012 – Mar – Apr 2013)
Slide 3: Gross Fiscal Deficit: Monthly (Sep 2011 – Feb 2012), Exchange Rate: Monthly (Dec 2012- May 2013)
Slide 4: Lending Rate: Annual (2009-10, 2010-11, 2011-12, 2012-13), Trade Balance: Annual (2009-10, 2010-11, 2011-12, 2012-13), FDI Annual (2009-10, 2010-11, 2011-12, 2012-13)

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