The report provides actual figures about the “Roofing Market” and the challenges within the industry. The market size can help businesses understand in better detail the overall growth and downfall of the Market. The Roofing market is expected to grow annually by 7.5% (CAGR 2023 – 2030).
Roofing Market Outlook (2023-2030)
Roofing market outlook (2023-2030) provides a thorough analysis of the market’s current state, including factors such as market size, growth rate, segmentation, and key players. This Roofing market research report can be executed using various tools and methods, such as surveys, and industry reports.
This Roofing market report also analyzes the current state of the market, This market outlook also includes predictions for its future growth. This includes forecasts for market size, growth rate, and segmentation, as well as an analysis of potential drivers or constraints that could impact the market’s future. The predictions made in the outlook are based on various factors such as economic indicators, industry trends, and historical data. It can be used to identify potential opportunities for growth or areas of risk for businesses.
Another important aspect of this Roofing market outlook is the identification of key trends and factors that are likely to shape the market in the future. This includes technological advancements, changes in consumer behavior, and modifications in regulations or policies. By understanding these trends, businesses can develop strategies to capitalize on them and stay ahead of the competition.
The global Roofing market size is projected to reach multi million by 2030, in comparision to 2021, at unexpected CAGR during 2023-2030 (Ask for Sample Report).
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What is Roofing?
Roofing, an essential component of the construction industry, represents a vital investment for individuals and businesses alike. As a consultant or industry expert, understanding the roofing market’s growth trajectory is imperative. With increased urbanization, a rising emphasis on sustainable infrastructure, and an escalating need for maintenance and refurbishment, the roofing sector has experienced substantial expansion. Moreover, technological advancements and innovative roofing materials have revolutionized the market, offering durability, energy efficiency, and cost-effectiveness. As the demand for sustainable and aesthetically appealing roofing solutions continue to surge, market research indicates a promising future for the roofing industry, with exponential growth and exciting prospects on the horizon.
Top Featured Companies Dominating the Global Roofing Market
The roofing market consists of various companies that provide different types of roofing solutions. Some of the notable market leaders in the industry include Atlas Roofing Corporation, Duro-Last Roofing, Inc., CertainTeed Corporation, Braas Monier Building Group Services ., GAF, Johns Manville, IKO Industries Ltd., Owens Corning, Firestone Building Products Company, TAMKO Building Products, Inc., and Carlisle.
Atlas Roofing Corporation is a leading manufacturer of residential and commercial roofing products. Duro-Last Roofing, Inc. specializes in prefabricated roofing systems that are durable, energy-efficient, and easy to install. CertainTeed Corporation offers a wide range of roofing materials including shingles, underlayments, and ventilation products. Braas Monier Building Group Services . is a European-based company that focuses on providing innovative roofing solutions globally.
GAF is one of the largest manufacturers of roofing materials in North America, offering a comprehensive range of roofing products for both residential and commercial applications. Johns Manville is a global leader in roofing and building insulation solutions. IKO Industries Ltd. is a Canadian manufacturer of roofing products known for their quality and durability. Owens Corning is a prominent provider of roofing materials and insulation systems. Firestone Building Products Company produces high-performance roofing and building envelope solutions. TAMKO Building Products, Inc. manufactures a wide range of roofing products, including shingles, underlayments, and low-slope roofing systems. Carlisle is a leading supplier of single-ply roofing systems.
These market leaders can help grow the roofing market by continuously innovating and developing new roofing technologies, products, and systems. They can also contribute to market growth by expanding their distribution networks, educating consumers and professionals about the benefits of their products, and investing in marketing and advertising campaigns.
Sales revenue of some of the listed companies (2019):
– Owens Corning: $ billion
– Carlisle: $ billion
– GAF: $ billion
– CertainTeed Corporation (part of Saint-Gobain): EUR billion (estimated total revenue)
– IKO Industries Ltd.: $ billion
Note: The revenue figures provided are approximate and may vary.
- Atlas Roofing Corporation
- Duro-Last Roofing, Inc.
- CertainTeed Corporation
- Braas Monier Building Group Services S.A.
- GAF
- Johns Manville
- IKO Industries Ltd.
- Owens Corning
- Firestone Building Products Company
- TAMKO Building Products, Inc.
- Carlisle
- Atlas Roofing Corporation
- Duro-Last Roofing, Inc.
- CertainTeed Corporation
- Braas Monier Building Group Services S.A.
- GAF
- Johns Manville
- IKO Industries Ltd.
- Owens Corning
- Firestone Building Products Company
- TAMKO Building Products, Inc.
- Carlisle
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Market Segmentation Analysis
The roofing market is comprised of various types, including bituminous roofing, metal roofing, and tile roofing. Bituminous roofing involves the use of bitumen-based materials like asphalt, providing excellent waterproofing properties. Metal roofing utilizes materials such as steel, aluminum, or copper, offering durability and longevity. Tile roofing involves the use of clay or concrete tiles, providing aesthetic appeal and resistance to harsh weather conditions. These roofing types cater to different applications in the market, including residential, commercial, and industrial sectors. Residential roofing focuses on homes and apartment buildings, commercial roofing on offices and retail stores, while industrial roofing caters to factories and warehouses.
Roofing Market Regional Analysis
The global roofing market has witnessed a substantial growth in recent years, driven by factors such as increasing construction activities, rapid urbanization, and stringent government regulations promoting energy-efficient buildings. Among the key regions, North America (NA) and Europe have traditionally dominated the market, owing to robust infrastructure development and mature economies. However, with the emergence of developing nations in the Asia Pacific (APAC) region, such as China, the market dynamics are shifting. APAC is projected to witness the highest growth rate in the roofing market, primarily due to large-scale infrastructure projects, rising disposable incomes, and government initiatives to develop smart cities. In terms of market share, the USA and China are expected to dominate, each accounting for a significant percentage of the overall market valuation, with 25% and 20% respectively.
The list of the regions covered are: North America: United States, Canada, Europe: GermanyFrance, U.K., Italy, Russia,Asia-Pacific: China, Japan, South, India, Australia, China, Indonesia, Thailand, Malaysia, Latin America:Mexico, Brazil, Argentina, Colombia, Middle East & Africa:Turkey, Saudi, Arabia, UAE, Korea.
And this report consists of 142 pages.
The Impact of Covid-19 and Russia-Ukraine War on Roofing Market
The Russia-Ukraine war and post-Covid-19 pandemic are expected to have significant consequences for the roofing market. The war has resulted in various disruptions, including supply chain challenges, potential geopolitical tensions, and economic instability in the region. These factors may affect the availability and pricing of roofing materials, potentially leading to fluctuating demand and market uncertainty.
Additionally, the post-Covid-19 pandemic landscape is likely to impact the roofing market. The construction industry, including roofing projects, was severely affected by lockdowns, labor shortages, and reduced consumer spending. As economies recover, there may be a rebound in demand for new construction and renovation projects, positively influencing the roofing market.
To meet the evolving needs of the market, roofing companies will have to adapt their strategies, potentially exploring alternative sourcing options, innovative technologies, and sustainability practices.
While it is challenging to predict specific growth expectations, industry players that are agile, adaptable, and capable of navigating the changing landscape are likely to emerge as major beneficiaries. Established roofing companies with a diverse customer base and strong financial positions, as well as those specializing in eco-friendly roofing solutions, may also have an advantage in the post-war and post-pandemic environment.
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Some Major Points from the Table of Contents:
- Report Overview
- Global Growth Trends
- Competition Landscape by Key Players
- Data by Type
- Data by Application
- North America Market Analysis
- Europe Market Analysis
- Asia-Pacific Market Analysis
- Latin America Market Analysis
- Middle East & Africa Market Analysis
- Key Players Profiles Market Analysis
- Analysts Viewpoints/Conclusions
- Appendix
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Market Segmentation 2023 – 2030:
The worldwide Roofing market is categorized by Product Type: Bituminous Roofing,Metal Roofing,Tile Roofing and Product Application: Residential,Commercial,Industrial.
In terms of Product Type, the Roofing market is segmented into:
- Bituminous Roofing
- Metal Roofing
- Tile Roofing
- Bituminous Roofing
- Metal Roofing
- Tile Roofing
In terms of Product Application, the Roofing market is segmented into:
- Residential
- Commercial
- Industrial
- Residential
- Commercial
- Industrial
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The available Roofing Market Players are listed by region as follows:
- North America:
- Europe:
- Germany
- France
- U.K.
- Italy
- Russia
- Asia-Pacific:
- China
- Japan
- South Korea
- India
- Australia
- China Taiwan
- Indonesia
- Thailand
- Malaysia
- Latin America:
- Mexico
- Brazil
- Argentina Korea
- Colombia
- Middle East & Africa:
- Turkey
- Saudi
- Arabia
- UAE
- Korea
- North America:
- Europe:
- Germany
- France
- U.K.
- Italy
- Russia
- Asia-Pacific:
- China
- Japan
- South Korea
- India
- Australia
- China Taiwan
- Indonesia
- Thailand
- Malaysia
- Latin America:
- Mexico
- Brazil
- Argentina Korea
- Colombia
- Middle East & Africa:
- Turkey
- Saudi
- Arabia
- UAE
- Korea
Market forecasting and sizing
When creating a thorough business strategy, the Roofing firm must first conduct market forecasting and sizing. In order to determine the prospective demand for the company’s goods or services, it entails studying the Roofing market and making future projections. Making educated choices about investments, product development, pricing, and marketing is made easier for the business when it is aware of the market size and forecast for the Roofing.
The Roofing business typically considers elements like the size of the target audience, their purchasing habits, economic indicators, and the competitive landscape when performing a market sizing and forecast analysis. A review of earlier data, a look at current trends, and predictions of upcoming market changes may also be included in the analysis.
Overall, the market sizing and forecasting for the Roofing industry give the Roofing company valuable insights that help them remain ahead of the competition and make wise decisions.
Key Question Covered in this Roofing Market Research Report
- What is the market size, and what is the expected growth rate of Roofing market?
- Who are the key players in Roofing market?
- What are the major distribution channels in the Roofing market?
- What are the key regulations and policies affecting the Roofing market?
- What are the major geographical regions contributing to the Roofing market growth?
- What are the major competitive strategies adopted by the players in the Roofing market?
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Source:
Press Release Distributed by Prime PR Wire
To view the original version on Prime PR Wire visit Comprehensive Roofing Market Growth Outlook: Industry Size, Growth, Share, Trends, Analysis, and Forecast, 2023 – 2030, at a projected CAGR of 7.5%
COMTEX_439444064/2788/2023-09-03T05:20:48
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https://www.benzinga.com/pressreleases/23/09/34193003/comprehensive-roofing-market-growth-outlook-industry-size-growth-share-trends-analysis-and-forecast
