Global Roofing Market Research Report - Forecast to 2027

Global Roofing Market Research Report: Information by Roofing (Asphalt, Tiles, Metal, Concrete, and Others), by Application (Commercial, Residential, and Industrial), by Region (North America, Europe, Asia-Pacific, and Rest of the World)—Forecast till 2027

ID: MRFR/CO/1295-CR | May 2019 | Region: Global | 120 pages

Please note that the assessment period of report has been updated from (2019-2023) to 2020-2027. Cordially fill the sample form for updated data

Market Snapshot


The global roofing market is expected to register a 3.55% CAGR during the forecast period of 2018 to 2023.


The global roofing market is expected to witness substantial growth during the forecast period. Asia-Pacific accounted for the largest market share of 30.13% in 2017 due to the growth of the building & construction industry and the improvement in financial conditions in this region have led to the rise in the demand for roofing market. North America is estimated to be the second largest region for the roofing market due to the presence of several roof providers in the region, such as Atlas Roofing Corporation, BMI Group Services GmbH, and Carlisle Companies Inc.


Global Roofing Market, by Region, 2017



  • GLOBAL ROOFING MARKET, BY REGION, 2017 (%)


Roofing Market, by Region, 2017

Source: MRFR Analysis



  • GLOBAL ROOFING MARKET, 2017–2023 (USD MILLION)


ROOFING MARKET, 2017–2023 (USD MILLION)

Source: MRFR analysis


The rise in construction activities and increased use of synthetic roofing products are some of the major drivers for the growth of the global roofing market. Asia-Pacific accounted for 30.13% of the global roofing market in 2017, followed by North America with 26.04% of the global market share. In North America, market growth is significantly driven by the US and Canada. Increasing population and a growing number of foreign nationals are driving the roofing market in the US.


Synopsis


The global roofing market has been segmented based on roofing, application, and region. The roofing segments of the market are asphalt, tiles, metal, concrete, and others. By application, the market has been classified as commercial roofing, residential, and industrial.


Regional Analysis


The global roofing market has been segmented, by region, into Asia-Pacific, North America, Europe, and Rest of the World. Asia-Pacific accounted for the largest market share in 2017. Market growth is significantly driven by demand from the China and India. The growth of the building & construction industry and the improvement in financial conditions in this region have led to the rise in the demand for roofing. Moreover, industrialization and urbanization in emerging economies, such as China, India, and Japan boosting the growth of the roofing market. Hence, it is estimated that the roofing market in Asia-Pacific would register a CAGR of 3.99% during the forecast period.


The residential segment is expected to dominate the market.


Residential segment includes services, such as roof replacement and repair of roof shingles. The residential roofing segment is expected to witness significant growth owing to the rapid growth of the real estate industry in developing regions. Moreover, countries such as India and China have witnessed considerable growth in the construction of residential properties, which is further expected to stimulate the growth of the segment.


Companies Covered


The key players in the global roofing market are 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 Developments  



  • In March 2019, Atlas Roofing Corporation launched its StormMaster Core Enhanced Polymer Technology. It is focusing on offering this technology to its clients in North America.

  • In October 2018, Atlas Roofing Corporation introduced its Pinnacle Pristine Natural Expressions roofing shingles. They are available in a high-definition color palette, which comprises Coastal Granite, Copper Canyon, Majestic Shake, Morning Harvest, and Summer Storm.

  • In Dec 2017, Carlisle Companies Inc. spent USD 10.1 million on building a 42,000 square-foot research and development plant in Carlisle. This plant houses testing labs, support offices, and conference and collaboration spaces.


Market Segmentation



  1. By Roofing: Asphalt, Tiles, Metal, Concrete, and Others

  2. By Application: Commercial Roofing, Residential, and Industrial

  3. By Region: North America, Europe, Asia-Pacific, the Rest of the World


Key questions addressed by the report



  • What was the historic market size (2017)?

  • Which segmentation (Roofing/Application) is driving the market?

  • What will be the growth rate from 2018 to 2023?

  • Who are the key players in this market?

  • What are the growth strategies adopted by the key players?



Frequently Asked Questions (FAQ) :


Roofing market would attain a CAGR of 3.55% 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.

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 Porter’s 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


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


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, 2016–2023 (USD MILLION) 36

TABLE 6 GLOBAL ROOFING MARKET, BY APPLICATION, 2016–2023 (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, 2010–2020 (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, 2015–2020 (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