ID: MRFR/CO/1295-CR | October 2020 | Region: Global | 120 Pages
1 Executive Summary
2 Market Introduction
2.1 Definition 16
2.2 Scope of the Study 16
2.3 Market Structure 16
2.4 Key Takeaways 17
2.5 Macro Factor Indicators Analysis 17
2.6 List of Assumptions 18
3 Research Methodology
3.1 Research Process 20
3.2 Primary Research 21
3.3 Secondary Research 22
3.4 Market Size Estimation 22
3.5 Forecast Model 23
4 Market Dynamics
4.1 Introduction 25
4.2 Drivers 26
4.2.1 Rise in Construction Activities 26
4.2.2 Increased Use of Synthetic Roofing Products 27
4.2.3 Drivers Impact Analysis 28
4.3 Restraints 28
4.3.1 Fluctuating Raw Material Prices 28
4.3.2 Lack of Skilled Labor 29
4.3.3 Restraints Impact Analysis 29
4.4 Opportunity 30
4.4.1 Need for Energy-Efficient Roofs 30
5 Market Factor Analysis
5.1 Supply Chain Analysis 32
5.1.1 Design and Development 32
5.1.2 Supply 32
5.1.3 Roof Manufacturing 32
5.1.4 Distribution 32
5.1.5 End Use 32
5.2 Porterโs Five Forces Model 33
5.2.1 Threat of New Entrants 33
5.2.2 Bargaining Power of Suppliers 33
5.2.3 Bargaining Power of Buyers 33
5.2.4 Threat of Substitutes 34
5.2.5 Intensity of Rivalry 34
6 Global Roofing Market, by Roofing
6.1 Overview 36
6.1.1 Asphalt 36
6.1.2 Tiles 36
6.1.3 Metal 37
6.1.4 Concrete 37
6.1.5 Others 37
7 Global Roofing Market, by Application
7.1 Overview 39
7.1.1 Commercial Roofing 39
7.1.2 Residential 39
7.1.3 Industrial 40
8 Global Roofing Market, by Region
8.1 Overview 42
8.2 North America 43
8.2.1 US 45
8.2.2 Canada 46
8.2.3 Mexico 47
8.3 Europe 48
8.3.1 Germany 50
8.3.2 UK 51
8.3.3 France 52
8.3.4 Spain 53
8.3.5 Rest of Europe 54
8.4 Asia-Pacific 55
8.4.1 China 57
8.4.2 Japan 58
8.4.3 India 59
8.4.4 Rest of Asia Pacific 60
8.5 Rest of the World 61
8.5.1 Middle East and Africa 63
8.6 Latin America 64
9 Competitive Landscape
9.1 Competitive Scenario 66
9.2 Market Share Analysis 66
9.3 Competitive Benchmarking 67
9.4 Global Roofing Market: Key Mergers & Acquisitions 68
9.5 Global Roofing Market: Key New Product Development 68
9.6 Global Roofing Market: Contracts and Agreements 69
9.7 Global Roofing Market: Joint Ventures, Partnerships, and Collaborations 69
10 Company Profile
10.1 Atlas Roofing Corporation 71
10.1.1 Company Overview 71
10.1.2 Financial Overview 71
10.1.3 Products/Services Offered 71
10.1.4 Key Developments 72
10.1.5 SWOT Analysis 72
10.1.6 Key Strategies 72
10.2 BMI Group Services GmbH 73
10.2.1 Company Overview 73
10.2.2 Financial Overview 73
10.2.3 Products/Services Offered 73
10.2.4 Key Developments 74
10.2.5 SWOT Analysis 74
10.2.6 Key Strategies 74
10.3 Carlisle Companies Inc. 75
10.3.1 Company Overview 75
10.3.2 Financial Overview 75
10.3.3 Products/Solutions Offered 76
10.3.4 Key Developments 76
10.3.5 SWOT Analysis 76
10.3.6 Key Strategies 77
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10.4 CertainTeed Corporation 78
10.4.1 Company Overview 78
10.4.2 Products/Services Offered 78
10.4.3 Key Developments 79
10.4.4 SWOT Analysis 79
10.4.5 Key Strategies 79
10.5 Duro-Last, Inc. 80
10.5.1 Company Overview 80
10.5.2 Financial Overview 80
10.5.3 Solutions Offered 80
10.5.4 Key Developments 81
10.5.5 SWOT Analysis 81
10.5.6 Key Strategies 81
10.6 Etex SA 82
10.6.1 Company Overview 82
10.6.2 Financial Overview 82
10.6.3 Products Offered 83
10.6.4 Key Developments 84
10.6.5 SWOT Analysis 84
10.6.6 Key Strategies 84
10.7 Firestone Building Products Company 85
10.7.1 Company Overview 85
10.7.2 Financial Overview 85
10.7.3 Products/Services Offered 86
10.7.4 Key Developments 87
10.7.5 SWOT Analysis 87
10.7.6 Key Strategies 87
10.8 GAF Materials Corporation 88
10.8.1 Company Overview 88
10.8.2 Financial Overview 88
10.8.3 Services Offered 88
10.8.4 Key Developments 89
10.8.5 SWOT Analysis 89
10.8.6 Key Strategies 89
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10.9 North American Roofing Services, Inc. 90
10.9.1 Company Overview 90
10.9.2 Financial Overview 90
10.9.3 Products Offered 90
10.9.4 Key Developments 90
10.9.5 SWOT Analysis 91
10.9.6 Key Strategies 91
10.10 Owens Corning 92
10.10.1 Company Overview 92
10.10.2 Financial Overview 92
10.10.3 Products/Services Offered 93
10.10.4 Key Developments 93
10.10.5 SWOT Analysis 93
10.10.6 Key Strategies 93
10.11 TAMKO Building Products, Inc. (Tamko) 94
10.11.1 Company Overview 94
10.11.2 Financial Overview 94
10.11.3 Products/Services Offered 94
10.11.4 Key Developments 95
10.11.5 SWOT Analysis 95
10.11.6 Key Strategies 95
10.12 Wienerberger AG 96
10.12.1 Company Overview 96
10.12.2 Financial Overview 96
10.12.3 Product Offered 97
10.12.4 Key Developments 97
10.12.5 SWOT Analysis 98
10.12.6 Key Strategies 98
11 List of Tables
TABLE 1 MARKET SYNOPSIS 14
TABLE 2 LIST OF ASSUMPTIONS 18
TABLE 3 SHARE OF TOP FIVE COUNTRIES ATTRACTING FDI EQUITY INFLOWS FOR CONSTRUCTION DEVELOPMENT IN INDIA, 2020-2027
(USD MILLION) 27
TABLE 4 RAW MATERIAL PRICES, 2020-2027 (USD) 28
TABLE 5 GLOBAL ROOFING MARKET, BY ROOFING, 2016โ2023 (USD MILLION) 36
TABLE 6 GLOBAL ROOFING MARKET, BY APPLICATION, 2016โ2023 (USD MILLION) 39
TABLE 7 GLOBAL ROOFING MARKET, BY REGION, 2020-2027 (USD MILLION) 42
TABLE 8 NORTH AMERICA: ROOFING MARKET, BY COUNTRY, 2020-2027 (USD MILLION) 43
TABLE 9 NORTH AMERICA: ROOFING MARKET, BY ROOFING, 2020-2027 (USD MILLION) 44
TABLE 10 NORTH AMERICA: ROOFING MARKET, BY APPLICATION, 2020-2027 (USD MILLION) 44
TABLE 11 US: ROOFING MARKET, BY ROOFING, 2020-2027 (USD MILLION) 45
TABLE 12 US: ROOFING MARKET, BY APPLICATION, 2020-2027 (USD MILLION) 45
TABLE 13 CANADA: ROOFING MARKET, BY ROOFING, 2020-2027 (USD MILLION) 46
TABLE 14 CANADA: ROOFING MARKET, BY APPLICATION, 2020-2027 (USD MILLION) 46
TABLE 15 MEXICO: ROOFING MARKET, BY ROOFING, 2020-2027 (USD MILLION) 47
TABLE 16 MEXICO: ROOFING MARKET, BY APPLICATION, 2020-2027 (USD MILLION) 47
TABLE 17 EUROPE: ROOFING MARKET, BY COUNTRY, 2020-2027 (USD MILLION) 48
TABLE 18 EUROPE: ROOFING MARKET, BY ROOFING, 2020-2027 (USD MILLION) 49
TABLE 19 EUROPE: ROOFING MARKET, BY APPLICATION, 2020-2027 (USD MILLION) 49
TABLE 20 GERMANY: ROOFING MARKET, BY ROOFING, 2020-2027 (USD MILLION) 50
TABLE 21 GERMANY: ROOFING MARKET, BY APPLICATION, 2020-2027 (USD MILLION) 50
TABLE 22 UK: ROOFING MARKET, BY ROOFING, 2020-2027 (USD MILLION) 51
TABLE 23 UK: ROOFING MARKET, BY APPLICATION, 2020-2027 (USD MILLION) 51
TABLE 24 FRANCE: ROOFING MARKET, BY ROOFING, 2020-2027 (USD MILLION) 52
TABLE 25 FRANCE: ROOFING MARKET, BY APPLICATION, 2020-2027 (USD MILLION) 52
TABLE 26 SPAIN: ROOFING MARKET, BY ROOFING, 2020-2027 (USD MILLION) 53
TABLE 27 SPAIN: ROOFING MARKET, BY APPLICATION, 2020-2027 (USD MILLION) 53
TABLE 28 REST OF EUROPE: ROOFING MARKET, BY ROOFING, 2020-2027 (USD MILLION) 54
TABLE 29 REST OF EUROPE: ROOFING MARKET, BY APPLICATION, 2020-2027 (USD MILLION) 54
TABLE 30 ASIA-PACIFIC: ROOFING MARKET, BY COUNTRY, 2020-2027 (USD MILLION) 55
TABLE 31 ASIA-PACIFIC: ROOFING MARKET, BY ROOFING, 2020-2027 (USD MILLION) 56
TABLE 32 ASIA-PACIFIC: ROOFING MARKET, BY APPLICATION, 2020-2027 (USD MILLION) 56
TABLE 33 CHINA: ROOFING MARKET, BY ROOFING, 2020-2027 (USD MILLION) 57
TABLE 34 CHINA: ROOFING MARKET, BY APPLICATION, 2020-2027 (USD MILLION) 57
TABLE 35 JAPAN: ROOFING MARKET, BY ROOFING, 2020-2027 (USD MILLION) 58
TABLE 36 JAPAN: ROOFING MARKET, BY APPLICATION, 2020-2027 (USD MILLION) 58
TABLE 37 INDIA: ROOFING MARKET, BY ROOFING, 2020-2027 (USD MILLION) 59
TABLE 38 INDIA: ROOFING MARKET, BY APPLICATION, 2020-2027 (USD MILLION) 59
TABLE 39 REST OF ASIA PACIFIC: ROOFING MARKET, BY ROOFING, 2020-2027 (USD MILLION) 60
TABLE 40 REST OF ASIA PACIFIC: ROOFING MARKET, BY APPLICATION, 2020-2027 (USD MILLION) 60
TABLE 41 REST OF THE WORLD: ROOFING MARKET, BY REGION, 2020-2027 (USD MILLION) 61
TABLE 42 REST OF THE WORLD: ROOFING MARKET, BY ROOFING, 2020-2027 (USD MILLION) 62
TABLE 43 REST OF THE WORLD: ROOFING MARKET, BY APPLICATION, 2020-2027 (USD MILLION) 62
TABLE 44 MIDDLE EAST AND AFRICA: ROOFING MARKET, BY ROOFING, 2020-2027 (USD MILLION) 63
TABLE 45 MIDDLE EAST AND AFRICA: ROOFING MARKET, BY APPLICATION, 2020-2027 (USD MILLION) 63
TABLE 46 LATIN AMERICA: ROOFING MARKET, BY ROOFING, 2020-2027 (USD MILLION) 64
TABLE 47 LATIN AMERICA: ROOFING MARKET, BY APPLICATION, 2020-2027 (USD MILLION) 64
TABLE 48 GLOBAL ROOFING MARKET: KEY MERGERS & ACQUISITIONS 68
TABLE 49 GLOBAL ROOFING MARKET: KEY PRODUCT DEVELOPMENTS 68
TABLE 50 GLOBAL ROOFING MARKET: CONTRACTS AND AGREEMENTS 69
TABLE 51 GLOBAL ROOFING MARKET: EXPANSIONS 69
TABLE 52 ATLAS ROOFING CORPORATION: PRODUCTS/SERVICES OFFERED 71
TABLE 53 ATLAS ROOFING CORPORATION: KEY DEVELOPMENTS 72
TABLE 54 CARLISLE COMPANIES INC.: PRODUCTS/SOLUTIONS OFFERED 76
TABLE 55 CARLISLE COMPANIES INC.: KEY DEVELOPMENTS 76
TABLE 56 CERTAINTEED CORPORATION: PRODUCTS/ SERVICES OFFERED 78
TABLE 57 CERTAINTEED CORPORATION: KEY DEVELOPMENTS 79
TABLE 58 DURO-LAST, INC.: SOLUTIONS OFFERED 80
TABLE 59 DURO-LAST, INC.: KEY DEVELOPMENTS 81
TABLE 60 ETEX SA: PRODUCT OFFERINGS 83
TABLE 61 FIRESTONE BUILDING PRODUCTS COMPANY: PRODUCTS/SERVICES OFFERED 86
TABLE 62 FIRESTONE BUILDING PRODUCTS COMPANY: KEY DEVELOPMENTS 87
TABLE 63 GAF MATERIALS CORPORATION: SERVICES OFFERED 88
TABLE 64 GAF MATERIALS CORPORATION: KEY DEVELOPMENTS 89
TABLE 65 NORTH AMERICAN ROOFING SERVICES, INC.: PRODUCTS/ SERVICES OFFERED 90
TABLE 66 OWENS CORNING: PRODUCTS/ SERVICES OFFERED 93
TABLE 67 TAMKO BUILDING PRODUCTS, INC.: PRODUCTS/ SERVICES OFFERED 94
TABLE 68 TAMKO BUILDING PRODUCTS, INC.: KEY DEVELOPMENTS 95
TABLE 69 WIENERBERGER AG: PRODUCT OFFERINGS 97
TABLE 70 WIENERBERGER AG: KEY DEVELOPMENTS 97
12 List of Figures
FIGURE 1 GLOBAL ROOFING MARKET: MARKET STRUCTURE 16
FIGURE 2 KEY TAKEAWAYS FROM THE GLOBAL ROOFING MARKET 17
FIGURE 3 RESEARCH PROCESS OF MRFR 20
FIGURE 4 TOP DOWN & BOTTOM-UP APPROACH 23
FIGURE 5 MARKET DYNAMICS OVERVIEW 25
FIGURE 6 ANNUAL VALUE OF PRIVATE CONSTRUCTION SPENDING IN THE US, 2010โ2020 (USD MILLION) 26
FIGURE 7 DRIVERS IMPACT ANALYSIS: GLOBAL ROOFING MARKET 28
FIGURE 8 RESTRAINTS IMPACT ANALYSIS: GLOBAL ROOFING MARKET 29
FIGURE 9 SUPPLY CHAIN ANALYSIS: ROOFING MARKET 32
FIGURE 10 GLOBAL ROOFING MARKET, BY ROOFING, 2020 (% SHARE - VALUE) 36
FIGURE 11 GLOBAL ROOFING MARKET, BY TECHNOLOGY, 2020 (% SHARE - VALUE) 39
FIGURE 12 GLOBAL ROOFING MARKET SHARE, BY REGION, 2020 (% SHARE - VALUE) 42
FIGURE 13 NORTH AMERICA: ROOFING MARKET SHARE, BY COUNTRY, 2020 (% SHARE - VALUE) 43
FIGURE 14 EUROPE: ROOFING MARKET SHARE, BY COUNTRY, 2020 (% SHARE - VALUE) 48
FIGURE 15 ASIA-PACIFIC: ROOFING MARKET SHARE, BY COUNTRY, 2020 (% SHARE - VALUE) 55
FIGURE 16 REST OF THE WORLD: ROOFING MARKET SHARE, BY REGION, 2020 (% SHARE - VALUE) 61
FIGURE 17 GLOBAL ROOFING MARKET SHARE, 2020 (%) 66
FIGURE 18 BENCHMARKING OF MAJOR COMPETITORS 67
FIGURE 19 ATLAS ROOFING CORPORATION: SWOT ANALYSIS 72
FIGURE 20 BMI GROUP SERVICES GMBH: SWOT ANALYSIS 74
FIGURE 21 CARLISLE COMPANIES INC.: NET SALES, 2015-2020 (USD MILLION) 75
FIGURE 22 CARLISLE COMPANIES INC.: SEGMENTAL SHARE, 2016 (%) 76
FIGURE 23 CARLISLE COMPANIES INC.: SWOT ANALYSIS 76
FIGURE 24 CERTAINTEED CORPORATION: SWOT ANALYSIS 79
FIGURE 25 DURO-LAST, INC..: SWOT ANALYSIS 81
FIGURE 26 ETEX SA: TOTAL REVENUE, 2015โ2020 (USD MILLION) 82
FIGURE 27 ETEX SA: GEOGRAPHICAL SHARE, 2020 (%) 83
FIGURE 28 ETEX SA: SEGMENTAL SHARE, 2020 (%) 83
FIGURE 29 ETEX SA: SWOT ANALYSIS 84
FIGURE 30 FIRESTONE BUILDING PRODUCTS COMPANY: SWOT ANALYSIS 87
FIGURE 31 GAF MATERIALS CORPORATION: SWOT ANALYSIS 89
FIGURE 32 NORTH AMERICAN ROOFING SERVICES, INC.: SWOT ANALYSIS 91
FIGURE 33 OWENS CORNING: TOTAL REVENUE, 2020-2027 (USD MILLION) 92
FIGURE 34 OWENS CORNING: REGIONAL SHARE, 2020 (%) 92
FIGURE 35 OWENS CORNING: SEGMENTAL SHARE, 2020 (%) 93
FIGURE 36 OWENS CORNING: SWOT ANALYSIS 93
FIGURE 37 TAMKO BUILDING PRODUCTS, INC.: SWOT ANALYSIS 95
FIGURE 38 WIENERBERGER AG: TOTAL REVENUE, 2020-2027 (USD MILLION) 96
FIGURE 39 WIENERBERGER AG: GEOGRAPHICAL SHARE, 2020 (%) 97
FIGURE 40 WIENERBERGER AG: SEGMENTATIONAL SHARE, 2020 (%) 97
FIGURE 41 WIENERBERGER AG.: SWOT ANALYSIS 98
$136.9 billion
4.85%
Asia Pacific
2021-2027
Roofing Market Overview
By 2027, the roofing market will be worth USD 136.9 billion, with a CAGR of 4.85% over the forecast period. The giant players in the roofing market focus on designing efficient roofing systems to ensure high quality with long-term performance in any weather conditions. Sometimes, the harshest weather conditions offer opportunities for the roofing market growth during the calamities or undesired natural disasters.
The roofing market has demand across the countries like America, Europe, and Asia-Pacific. Asia-Pacific will dominate the market shortly through urbanisation and increased infrastructural investments. China will lead the Asia-Pacific roofing market in 2020, for which the growth is attributed to a rise in income levels, urbanisation & industrialisation.
The roofing market is largely driven by advancements in the growth of industrialisation, rising urbanisation, and developments in the technological aspect. The roofing market is predicted to increase greatly in the next years due to government assistance for building activities and infrastructural reforms in the rural and urban belts that assist in tax incentives and subsidies in developing countries.
The construction of smart cities and buildings of the metropolitan infrastructure offers massive future growth opportunities. Smart cities and metropolitan cities incorporate modern construction techniques. Governmental initiatives play a major role in promoting demand in the market and fixing the desired upgradation needed in the Roofing market.
The outbreak of covid 19 has modified the current market scenarios. The real estate market is experiencing severe loss during the pandemic. The covid 19 has stopped construction works. Also, individuals investing in a property are declining. It is Lessing the demand for the roofing roofing industry. As per the Market Outlook, it will experience a surge in demand post-covid19. All the infrastructural works are resuming that ultimately creates a positive impact on this market. Post covid 19, the Roofing Market Trends will witness a steady flow in demand. The current challenges are temporary for the market. The market resumes its activities and will start receiving high revenue.
The rising infrastructural developments are the crucial driver for the roofing roofing industry. Today, the construction of a modern building is ultimately creating a positive impact on the roofing market. Due to the modular and high-end building with an interior concept, the awareness about roofing system is more. A modern, stylish and efficient roof can enhance the whole outlook of the building. Some of the roofing systems come with energy-saving flights and fans. The rising infrastructural development will keep on fueling the need for the modern roofing system.
Furthermore, the latest construction techniques such as modular construction and smart building construction and building automation construction are some of the aspects that drive demand for the roofing market. Also, the variation in the roofing system is attracting the attention of the customers. The increased use of synthetic roofing is another crucial driver for the market. Synthetic roofing is artificial roofing that can complete the interior look of the building. The synthetic roofing is suitable for a building with a theme. The professional building can choose sophisticated roofing designs and pattern to go with the interior of the building. Systematic roofing offers plenty of roof choices and roof customizations options to the users.
The role of the government in energy efficiency plan is high. Also, Energy efficiency reduces carbon emission in the environment. Carbon emission is a global problem. Most governments support construction that enables energy efficiency. The awareness to reduce carbon emission is higher these days. The government is making several policies to reduce the emission on the atmosphere. These governmental initiatives for energy efficiency will increase more. It provides plenty of Roofing Market growth opportunities for the roofing roofing industry.
The central control system, the fans, lights and other energy-efficient feature are possible through the roofing. The technological advancements in this market may spark more growth opportunities. The adoption of bituminous roofing and other modern roofing will improve development opportunities. Furthermore, the construction of smart cities and building will offer future growth opportunities. Smart cities incorporate modern construction techniques. The roofing system is more suitable for the smart building that will ultimately provide plenty of growth prospects for the market.
The roofing system installation is the restraint of the market. The installation cost fluctuates depending design and work of the roofs. Also, it is a significant issue for residential roofing and commercial roofing. However, the systematic roofing cost and its installation price is an issue for many end-users.
Also, there is a lack of awareness about the cost incurred to deploy the modern roofing system. Lack of awareness about roofing is another crucial restraint. It is essential to inform individuals more about roofing, its benefits and the cost incurred. Due to this restrain, the market demand can affect during the forecast period. The construction and building market is a high-cost project. The concept of roofing adds more cost to the entire project. This limitation can have a declining effect on the overall market.
Then there is no standardization in the roofing market. The construction market is dynamic. The construction design, type and cost vary based on the location and materials used. The roofing roofing industry lacks standardization. There are not standard roofs used in all the regional markets. Every time the design, process and cost are different. It is a major challenge to this market.
The lack of sanitation can cause poor market performance. In some regions, the roofing system may be exceptional. However, in some regions, the roofing may not be up to the mark. The roofing market is highly dependent on the market players, the contractors and location. These factors can create plenty of confusion in the market. Different construction methods are followed and the result may vary massively. It is a factor that can affect the demand and revenue of the market.
The roofing industry is witnessing steady growth in the forecast period. Governmental initiatives are the major factors that promote demand in the market. There is a serious need to fix the cost difficulties and implementation of roofing in various regions. These complexities can restrict the market growth in the upcoming years. Further, awareness of roofing is required in the market. Many are not aware of the types and benefits of roofing system. Even simple roofing comes with plenty of energy efficiency features nowadays. The market will witness a positive trend in the forecast period. The Roofing Market Value and demand will reach the highest rate during the forecast period.
North America holds the largest roofing system market Share. America will lead the roofing industry in the forecast period. The adoption rate of roofing system is high in the commercial, industrial and residential sector. The energy-efficient and interior based roofs are becoming popular in this region. Also, many of eh building is adopting green roofs. The green roofs concept offers plenty of sunlight, natural light and ventilation to any building.
The adoption of green roofs in a commercial building is high in North America. The rise of automation and the smart building is high in America. The country will witness surging demand for energy-efficient roofing that comes with other smart features. Even the residential areas are adopting roofing system at a faster pace. Also, increasing R&D and innovation in North America are crucial reasons for the highest growth rate.
Source: MRFR Analysis
Source: MRFR analysis
By Roofing
By Application
By End users
By region
The roofing market analysis suggests that three major regional players will lead the global market. North America, Europe and the Asia Pacific will dominate the roofing market in the forecast period. The investment in roofing system is high in the US and Canada. Also, the vast construction market in the US is adopting the modern roofing system at an exponential pace. Due to this, North America will hold the largest Roofing Market Share.
Furthermore, the crucial market drivers in Europe are the governmental initiative to promote energy-efficient buildings. The Asia Pacific is the fastest-growing market among its competitors. The requirement for modern roofing is high in this region. Due to stringent norms of government on energy efficiency, it is fuelling the overall roofing market growth. The key contributors in the region are India, Japan, china and Korea. The infrastructure market is massive in Asia pacific. Therefore, the demand prospects for the market are immense in the forecast period. Increasing R&D and energy efficiency are the crucial reasons for the surging demand in all these regions. Also, the future of the roofing industry looks promising in these regions.
Recent Development
March 2022- A Swiss cement firm known as Holcim has completed the acquisition of Roofing Products in Portland. Holcim is predicted to increase its portion of the $19 billion residential roofing market to $120 million by 2025. This will help the firm realise its goal of $4 billion in roofing sales revenue by 2025.
March 2022- The Standard Industries has launched a roof-integrated solar product termed Solaria panels, which are developed as 16% more powerful than a standard solar integrated roof, allowing homeowners to upgrade their solar panels cost-efficiently who are settled under the required geographical topography.
Report overview
Report Attribute/Metric | Details |
---|---|
Market Size |
|
CAGR | 4.85% CAGR (2022-2030) |
Base Year | 2021 |
Forecast Period | ย 2022ย toย 2030 |
Historical Data | 2019ย &ย 2020 |
Forecast Units | Value (USD Million) |
Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
Segments Covered | Roofing, Application |
Geographies Covered | North America, Europe, Asia-Pacific, and Rest of the World (RoW) |
Key Vendors | Atlas Roofing Corporation (US), BMI Group Services GmbH (US), Carlisle Companies Inc.(US), CertainTeed Corporation (US), Duro-Last, Inc.(US), Etex SA (Belgium), Firestone Building Products Company (US), GAF Materials Corporation (US), North American Roofing Services, Inc.(US), Owens Corning (US), TAMKO Building Products, Inc. (Tamko)(US), and Wienerberger AG (Austria). |
Key Market Opportunities | Rise in construction activities and increased use of synthetic roofing products |
Key Market Drivers |
|
Frequently Asked Questions (FAQ) :
Roofing market would attain a CAGR of 4.85% during the forecast period.
The Asia Pacific market fetches maximum revenue for roofing market.
Driving factors would be led by construction activities and a surge in the use of synthetic roofing products.
The applications discussed in roofing market are residential, commercial roofing, and industrial.
The roofing types in discussion for roofing market are tiles, asphalt, concrete, metal, and others.