According to the report, the global roofing market reached a value of USD 121.8 billion in 2022. Aided by the mounting need for housing and the diversification of roofing materials and techniques, the market is projected to further grow at a CAGR of 4.7% between 2023 and 2028 to reach a value of USD 160.44 billion by 2028.
Roofing, an integral component of construction, is paramount for safeguarding structures from various environmental adversities and enhancing the aesthetic appeal of buildings. Historically limited to traditional materials such as clay tiles, slate, or wood, modern roofing materials and solutions now span a vast array, including metal sheets, bitumen, polymers, and eco-friendly green roofs.
The consistent uptick in global construction activities, be it residential, commercial, or industrial, stands as the primary impetus behind the roofing market growth. As urban centres burgeon and the demand for sustainable and modern living spaces escalates, roofing solutions have evolved, mirroring architectural advancements and addressing the pressing need for energy efficiency.
Driving the market's trajectory further is the rising cognisance regarding energy conservation and the need to reduce carbon footprints. This has fostered the adoption of "cool roofing" solutions, which reflect more sunlight and absorb less heat, thus moderating energy costs associated with air conditioning. Similarly, green or living roofs, festooned with vegetation, have also gained traction, contributing not only to energy efficiency but also to urban biodiversity and air purification.
The technological evolution in roofing materials has engendered durability and longevity in modern roofing systems. For instance, the introduction of elastomeric and silicone roof coatings provides heightened resistance to weathering, UV rays, and temperature-induced damages, extending the lifespan of roofs and reducing maintenance costs. These advancements are likely to augment the roofing market demand in the forecast period.
Innovation has also paved the way for integrated roofing systems that incorporate solar panels. These roofs, while catering to the structural and protective prerequisites, concurrently generate electricity, fitting seamlessly into the global shift towards sustainable and renewable energy.
Furthermore, the need for disaster-resistant structures, especially in regions prone to hurricanes, cyclones, and heavy snowfall, has magnified the demand for high-strength roofing materials and techniques. This has led to the advent and subsequent popularity of metal roofing and impact-resistant shingles, ensuring safety and longevity.
According to the roofing market analysis, booming economies with robust infrastructural development activities, notably in Asia-Pacific and Africa, are notable hotspots for the roofing industry. Rapid urbanisation, coupled with government initiatives to promote sustainable housing and infrastructural projects, has bolstered the demand for advanced roofing solutions in these regions.
This high-quality, data-driven analyses provide the essential framework for organisations seeking to make informed and strategic decisions in an increasingly complex and rapidly evolving business environment. By investing in our market research reports, you can ensure your organisation remains agile, proactive, and poised for success in today's competitive market.
Don't miss the opportunity to elevate your business intelligence and fortify your strategic planning. Secure your organisation's future success by acquiring one of these reports today.
*The publisher always strives to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.
Roofing, an integral component of construction, is paramount for safeguarding structures from various environmental adversities and enhancing the aesthetic appeal of buildings. Historically limited to traditional materials such as clay tiles, slate, or wood, modern roofing materials and solutions now span a vast array, including metal sheets, bitumen, polymers, and eco-friendly green roofs.
The consistent uptick in global construction activities, be it residential, commercial, or industrial, stands as the primary impetus behind the roofing market growth. As urban centres burgeon and the demand for sustainable and modern living spaces escalates, roofing solutions have evolved, mirroring architectural advancements and addressing the pressing need for energy efficiency.
Driving the market's trajectory further is the rising cognisance regarding energy conservation and the need to reduce carbon footprints. This has fostered the adoption of "cool roofing" solutions, which reflect more sunlight and absorb less heat, thus moderating energy costs associated with air conditioning. Similarly, green or living roofs, festooned with vegetation, have also gained traction, contributing not only to energy efficiency but also to urban biodiversity and air purification.
The technological evolution in roofing materials has engendered durability and longevity in modern roofing systems. For instance, the introduction of elastomeric and silicone roof coatings provides heightened resistance to weathering, UV rays, and temperature-induced damages, extending the lifespan of roofs and reducing maintenance costs. These advancements are likely to augment the roofing market demand in the forecast period.
Innovation has also paved the way for integrated roofing systems that incorporate solar panels. These roofs, while catering to the structural and protective prerequisites, concurrently generate electricity, fitting seamlessly into the global shift towards sustainable and renewable energy.
Furthermore, the need for disaster-resistant structures, especially in regions prone to hurricanes, cyclones, and heavy snowfall, has magnified the demand for high-strength roofing materials and techniques. This has led to the advent and subsequent popularity of metal roofing and impact-resistant shingles, ensuring safety and longevity.
According to the roofing market analysis, booming economies with robust infrastructural development activities, notably in Asia-Pacific and Africa, are notable hotspots for the roofing industry. Rapid urbanisation, coupled with government initiatives to promote sustainable housing and infrastructural projects, has bolstered the demand for advanced roofing solutions in these regions.
Market Segmentation
The market can be divided based on type, application, roof type, and region.Market Breakup by Type
- Asphalt Shingles
- Metal
- Tiles
- Wood Shingles
- Green Roofs
- Others
Market Breakup by Application
- Residential
- Commercial
Market Breakup by Roof Type
- Asphalt Shingles
- Metal
- Tiles
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Competitive Landscape
The report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global roofing market. Some of the major players explored in the report are as follows:- Carlisle Companies
- Owens Corning
- BMI Group
- Saint Gobain
- Wienerberger AG
- Beacon Roofing Supply, Inc.
- Duro-Last, Inc.
- Atlas Roofing Corporation
- Sika AG
- GAF Materials LLC
- Others
About the Publisher
Acquire unparalleled access to critical industry insights with our comprehensive market research reports, meticulously prepared by a team of seasoned experts. These reports are designed to equip decision-makers with an in-depth understanding of prevailing market trends, competitive landscapes, and growth opportunities.This high-quality, data-driven analyses provide the essential framework for organisations seeking to make informed and strategic decisions in an increasingly complex and rapidly evolving business environment. By investing in our market research reports, you can ensure your organisation remains agile, proactive, and poised for success in today's competitive market.
Don't miss the opportunity to elevate your business intelligence and fortify your strategic planning. Secure your organisation's future success by acquiring one of these reports today.
*The publisher always strives to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.
Table of Contents
1 Preface2 Report Coverage - Key Segmentation and Scope4 Key Assumptions7 Industry Opportunities and Challenges1 Value Chain Analysis
3 Report Description
5 Executive Summary
6 Snapshot
8 Global Roofing Market Analysis
9 Regional Analysis
10 Market Dynamics
11 Trade Data Analysis (HS Codes - 6905,6810,6807)
12 Price Analysis
13 Competitive Landscape
14 Industry Events and Developments
2 Manufacturing Process
3 Project Details and Cost Analysis
List of Key Figures and Tables
Companies Mentioned
- Carlisle Companies
- Owens Corning
- BMI Group
- Saint Gobain
- Wienerberger AG
- Beacon Roofing Supply Inc.
- Duro-Last Inc.
- Atlas Roofing Corporation
- Sika AG
- GAF Materials LLC
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 144 |
| Published | September 2023 |
| Forecast Period | 2023 - 2028 |
| Estimated Market Value ( USD | $ 127.52 Billion |
| Forecasted Market Value ( USD | $ 160.44 Billion |
| Compound Annual Growth Rate | 4.7% |
| Regions Covered | Global |
| No. of Companies Mentioned | 10 |
