[193 Pages Report] The Roofing Market size was estimated at USD 243.42 billion in 2023 and expected to reach USD 255.27 billion in 2024, at a CAGR 4.88% to reach USD 339.87 billion by 2030.
Roofing covers the top surface of a building or structure with a protective layer, normally made of various materials such as metal, wood, and asphalt. The main purpose of roofing is to provide shelter and protection from weather elements, including rain, sunlight, snow, wind, and extreme temperatures. Roofing materials vary depending on climate, building design, and personal preferences. Metal roofs are made of aluminum, steel, zinc, or copper and are long-lasting, lightweight, fire-resistant, and often used in commercial and residential applications. Roofing is used in various types of buildings, including residential houses, commercial buildings, industrial facilities, and institutional structures such as schools and hospitals. It protects against the elements, preventing water leaks, insulating the building, and enhancing its overall aesthetics. Wood roofing materials are made from cedar or redwood that provide a rustic and natural appearance, embodying environmentally friendly and good insulation properties. Moreover, the increasing need for roof maintenance and replacement, stringent building codes, and energy efficiency regulations significantly propel roofing installation. However, the high cost associated with raw materials and environmental concerns of roof materials impedes the adoption of roofing systems. In addition, technological development in roofing systems, investment in redevelopment, and the introduction of eco-friendly, energy-efficient roofing systems are anticipated to create tremendous opportunities for the roofing market development.
Regional Insights
The Americas roofing industry observes a mature and advancing landscape, driven by the presence of large-scale contractors and technological developments in smart roofing systems. The U.S. and Canadian residents are currently involved in an increasing practice of roof replacement for home renovation, demanding higher-quality and durable products. The Asia-Pacific region has grown to be an ideal space for roof manufacturing, given its abundant fiberglass and metal material availability and economies of scale production facilities, particularly across China, India, and Indonesia. Increasing housing activities and new urban construction activities with government support have been the major factors expanding the market growth in the region. The European region has taken a more sustainable approach to the roofing business by introducing several initiatives and policies for the inclusion of green roofs. For instance, the City of Basel in Switzerland has promoted green roofs via investment in incentive programs, which provided subsidies for green roof installation. The Americas and Europe have also provided various standards and guidelines regarding roofing activities, including manufacturing, maintenance, and repair, to ensure safety and product quality.
FPNV Positioning Matrix
The FPNV Positioning Matrix is pivotal in evaluating the Roofing Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).
Market Share Analysis
The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Roofing Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.
Key Company Profiles
The report delves into recent significant developments in the Roofing Market, highlighting leading vendors and their innovative profiles. These include 3M Company, Aditya Profiles PvtLtd., Alcan Products Ltd., American Building Components, ATAS International, Inc., Atlas Roofing Corporation, BASF SE, Berridge Manufacturing Company, Carlisle Companies Inc., Central States Manufacturing, Inc., CertainTeed by Saint-Gobain SA, DOW Chemical Company, DuPont de Nemours, Inc., Duro-Last, Inc by Holcim Ltd., Englert Inc., Etex SA/NV, IKO Industries Ltd., Isaiah Industries, Inc., Johns Manville Corporation by Berkshire Hathaway Inc., Kingspan Group, Maxroof Corporation PvtLtd., McElroy Metal, Owens Corning Corporation, Pronto Panels, Pruszynski Ltd., Safal Group, SIKA AG, Standard Industries Inc., TAMKO Building Products LLC, Tata BlueScope Steel Limited, and Wienerberger AG.
Market Segmentation & Coverage
This research report categorizes the Roofing Market to forecast the revenues and analyze trends in each of the following sub-markets:
- Installation Type
- Engineered Solution Roofing
- Paneled Roofing
- Shingle Roofing
- Structural Concrete Roofing
- Tile Roofing
- Material
- Asphalt
- Clay & Slate
- Concrete
- Membrane
- BUR
- EPDM
- PVC
- TPO
- Metal
- Wood
- Roof Type
- Flat Roof
- Slope Roof
- Application
- Commercial
- Industrial
- Residential
- Region
- Americas
- Argentina
- Brazil
- Canada
- Mexico
- United States
- California
- Florida
- Illinois
- New York
- Ohio
- Pennsylvania
- Texas
- Asia-Pacific
- Australia
- China
- India
- Indonesia
- Japan
- Malaysia
- Philippines
- Singapore
- South Korea
- Taiwan
- Thailand
- Vietnam
- Europe, Middle East & Africa
- Denmark
- Egypt
- Finland
- France
- Germany
- Israel
- Italy
- Netherlands
- Nigeria
- Norway
- Poland
- Qatar
- Russia
- Saudi Arabia
- South Africa
- Spain
- Sweden
- Switzerland
- Turkey
- United Arab Emirates
- United Kingdom
- Americas
The report offers valuable insights on the following aspects:
- Market Penetration: It presents comprehensive information on the market provided by key players.
- Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.
- Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.
- Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.
- Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.
The report addresses key questions such as:
- What is the market size and forecast of the Roofing Market?
- Which products, segments, applications, and areas should one consider investing in over the forecast period in the Roofing Market?
- What are the technology trends and regulatory frameworks in the Roofing Market?
- What is the market share of the leading vendors in the Roofing Market?
- Which modes and strategic moves are suitable for entering the Roofing Market?
US $
Euro €
GBP £