Global Roofing Market Size to Rise Worth US$ 140.4 Billion at CAGR 5.5% by 2033: Fact.MR Study



According to Fact.MR, rapid advances in technology such as the introduction of green roofing and solar roofing materials are complementing the growth of the global roofing market.

ROCKVILLE, March 16, 2023 (GLOBE NEWSWIRE) — According to Fact.MR, a provider of market research and competitive intelligence, the global roofing market is valued at US$82.2 billion in 2023 and is expected to grow by 5.5% . from 2023 to 2033.

Roofs protect against sun, rain and other environmental influences. The materials used to construct the roofs of homes and commercial structures, including offices, hotels, and educational institutions, include asphalt shingles, metal, elastomers, roof tiles, modified bitumen, and plastic.

The main factors expected to drive the roofing market growth are technological advancements, increasing urbanization and developments in the construction industry. Demand for roofing products is also increasing due to technological improvements, including eco-friendly roofing materials, green roofs, and drones for roof inspections.

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It is expected that government support for construction projects in the form of subsidies and tax incentives in developing countries will result in the roofing market growing significantly throughout the projected period. Governments in both developing and developed countries intend to give citizens incentives to replace old, inefficient roofs with new ones that use less energy. So, all of these aspects drive revenue growth.

Important insights from the market study

  • Roofing material sales are projected to reach $140.4 billion by 2033.

  • The roofing market in China is expected to grow at a CAGR of 7% during the forecast period.

  • Demand for metal roofing materials is expected to grow at a CAGR of 6.5% over the next 10 years.

  • The German roof market is expected to develop at a CAGR of 5% from 2023 to 2033.

The story goes on

“The rapidly growing world population and increasing infrastructure development around the world are driving sales of roofing materials,” says a Fact.MR analyst.

Key segments covered in Roofing Industry research

  • By product:

    • asphalt shingles

    • metal

    • elastomer

    • roof tiles

    • Modified bitumen

    • plastic

  • By roof type:

  • After application:

    • residential

    • Advertising

    • Industrial

  • By region :

    • North America

    • Latin America

    • Europe

    • East Asia

    • South Asia & Oceania

    • THING

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Recent Market Developments

  • Tesla introduced a new type of solar roof tile in October 2019 to boost its renewable energy business. Solar Roof Version 3 uses different materials and some components from the previous generation to ensure it installs faster than other roof shingles.

  • ProVia introduced a range of metal roofing solutions in January 2021, combining the beautiful appearance of slate or cedar with the strength and durability of a high-tech galvanized steel roofing system.

Important companies in profile

  • Carlisle Companies, Inc.

  • Atlas Roofing Corporation

  • American Hydrotech, Inc.

  • Axter Ltd.


  • Alton Industrial Pty Limited

  • Arkistruct Pty Ltd

  • blachotrapezium

  • Architectural Panels Pty Ltd

  • Asc Profiles, Inc.

  • Bilka Steel SRL

  • Alliance Design and Development Group, Inc.

  • Agway Metals Inc.

  • Boato International SPA With sole shareholder

  • Aluform System GmbH & Company KG

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More valuable insights on offer

In its new offering, Fact.MR presents an unbiased analysis of the global roofing market, presenting historical demand data (2018 to 2022) and forecast statistics for the period (2023 to 2033).

The study provides essential market insights based on product (asphalt shingles, metal, elastomeric, roof tile, modified bitumen, plastic), roof type (flat roofs, pitched roofs) and application (residential, commercial, industrial) across five major regions of the world (North America, Europe , Asia Pacific, Latin America and MEA).

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