Austin, TX, USA, Jan. 10, 2024 (GLOBE NEWSWIRE) — Custom Market Insights has published a new research report titled “Commercial Roofing Market Size, Trends and Insights By Material Type (Single-Ply Membrane Roofing, Ethylene Propylene Diene Monomer, Polyvinyl Chloride), By Roof Type (Low Sloped Roofs, Flat Roofs, Pitched Roofs), By End-Users (Hospitals & Healthcare, Educational Institutes, Hotels & Restaurants, Banks & Financial Institutions, Airports, Hyper & Super Market, Shopping Malls, Others), and By Region – Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2023–2032” in its research database.
“According to the latest research study, the demand of global Commercial Roofing Market size & share was valued at approximately USD 10.5 Billion in 2022 and is expected to reach USD 11.21 Billion in 2023 and is expected to reach a value of around USD 19.4 Billion by 2032, at a compound annual growth rate (CAGR) of about 6.2% during the forecast period 2023 to 2032.”
Click Here to Access a Free Sample Report of the Global Commercial Roofing Market @ https://www.custommarketinsights.com/request-for-free-sample/?reportid=35790
Commercial Roofing Market: Growth Factors and Dynamics
- Construction Industry Expansion: The overall growth in the construction industry, especially in commercial infrastructure, fuels demand for roofing solutions.
- Green Building Initiatives: Growing environmental awareness leads to a demand for sustainable and eco-friendly roofing solutions.
- Energy Efficiency Standards: Stringent energy efficiency regulations encourage the adoption of reflective and cool roofing technologies.
- Technological Advancements: Innovations in roofing materials and technologies enhance durability, performance, and installation efficiency.
- Smart Roofing Systems: The integration of sensors and smart technologies for real-time monitoring and maintenance boosts market growth.
- Rising Demand for Retrofitting: Renovation and retrofitting projects in existing commercial structures contribute to market expansion.
- Government Incentives: Supportive policies and incentives for energy-efficient and sustainable roofing solutions stimulate market growth.
- Increased Emphasis on Safety: A growing focus on safety standards and regulations enhances demand for resilient and weather-resistant roofing systems.
- Population Growth and Demographic Shifts: Population growth in urban areas and changing demographics drive the need for additional commercial spaces.
- Extreme Weather Events: The increasing frequency of extreme weather events boosts the demand for durable and disaster-resistant roofing solutions.
- Innovations in Roofing Materials: Ongoing research and development lead to the introduction of advanced and high-performance roofing materials.
- Globalization of Roofing Material Supply Chains: The globalization of supply chains facilitates access to a diverse range of roofing materials, fostering market growth.
- Increased Awareness of Roofing Lifecycle Costs: Businesses recognize the importance of considering the lifecycle costs of roofing systems, impacting purchasing decisions.
- Rise in Demand for Cool Roofs: The need for energy-efficient solutions drives the adoption of cool roofing technologies to reduce heat absorption.
- Focus on Resilience and Longevity: Commercial entities prioritize roofing solutions with long lifespans and resilience against wear and tear.
- Advancements in Solar Roofing: The integration of solar roofing technologies addresses both energy efficiency and sustainability concerns.
- Market Penetration in Developing Regions: Increasing commercial activities in developing regions contribute to the expansion of the commercial roofing market.
- Customization and Aesthetics: Growing demand for aesthetically pleasing roofing options and customized solutions impacts market dynamics.
- Economic Stability: Overall economic stability and growth contribute to increased investments in commercial construction projects, driving the commercial roofing market.
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Commercial Roofing Market: Partnership and Acquisitions
- On February 14, 2023, Darin Lavine and the team at Blue Star Roofing, Inc. unveiled their new website, showcasing a spectrum of residential and commercial roofing services. Positioned as a premier choice for those searching for “roofing companies near me” in Orlando, their expertise spans both residential and commercial roofing projects.
- In December 2021, Tata Realty and Infrastructure Limited announced plans for an opulent residential venture near Hailey Road, Delhi, investing INR 150 crore. Envisaged to feature 40 to 42 7-star luxury apartments, the Hailey Road project encompasses 100,000 square feet, with considerations for collaboration with a globally renowned designer or architect.
- In December 2021, real estate builder M3M outlined the development of Atrium57, a high street retail project spanning 2 lakh square feet in Sushant Lok, Sector 57, Gurugram. The project, characterized by triple-height shops offering flexibility in height adjustments, adds an innovative dimension to retail spaces, facing either the main Atrium or the main road.
Report Scope
| Feature of the Report | Details |
| Market Size in 2023 | USD 11.21 Billion |
| Projected Market Size in 2032 | USD 19.4 Billion |
| Market Size in 2022 | USD 10.5 Billion |
| CAGR Growth Rate | 6.2% CAGR |
| Base Year | 2022 |
| Forecast Period | 2023-2032 |
| Key Segment | By Material Type, Roof Type, End-Users and Region |
| Report Coverage | Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends |
| Regional Scope | North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America |
| Buying Options | Request tailored purchasing options to fulfil your requirements for research. |
(A free sample of the Commercial Roofing report is available upon request; please contact us for more information.)
Our Free Sample Report Consists of the following:
- Introduction, Overview, and in-depth industry analysis are all included in the 2023 updated report.
- The COVID-19 Pandemic Outbreak Impact Analysis is included in the package.
- About 220+ Pages Research Report (Including Recent Research)
- Provide detailed chapter-by-chapter guidance on the Request.
- Updated Regional Analysis with a Graphical Representation of Size, Share, and Trends for the Year 2023
- Includes Tables and figures have been updated.
- The most recent version of the report includes the Top Market Players, their Business Strategies, Sales Volume, and Revenue Analysis
- Custom Market Insights (CMI) research methodology
(Please note that the sample of the Commercial Roofing report has been modified to include the COVID-19 impact study prior to delivery.)
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Commercial Roofing Market: COVID-19 Analysis
The Commercial Roofing Market underwent significant shifts and adaptations in response to the COVID-19 pandemic. Here is an analysis of its impact:
- Supply Chain Disruptions: The pandemic disrupted global supply chains, leading to shortages of roofing materials and increased costs. Delays in material delivery affected project timelines and increased overall project expenses.
- Construction Project Delays: Lockdowns and restrictions on construction activities in various regions led to project delays. Commercial roofing projects were particularly affected, impacting the revenue and profitability of businesses.
- Financial Constraints: Economic uncertainties and financial constraints resulted in deferred or canceled construction projects, affecting the demand for commercial roofing services. Businesses prioritized essential expenses, impacting the overall market.
- Remote Working Challenges: The shift to remote work posed challenges for project management and coordination. This impacted the efficiency of roofing projects, leading to delays and increased operational complexities.
- Safety Protocols and Compliance: Strict safety protocols and compliance requirements added operational challenges for roofing companies. Adapting to new health and safety standards increased project costs and timelines.
- Focus on Essential Projects: Many businesses focused on essential projects during the pandemic, diverting attention away from non-essential construction, including certain commercial roofing endeavors.
- Increased Emphasis on Technology: The pandemic accelerated the adoption of technology in the commercial roofing sector. Remote project management tools, virtual collaboration, and digital communication became essential for business continuity.
- Shift in Material Preferences: The economic impact of the pandemic prompted a shift in material preferences. Cost-effective and durable roofing solutions gained prominence as businesses sought to optimize project budgets.
- Rise in Demand for Maintenance Services: With delayed construction projects and an emphasis on preserving existing assets, there was an increased demand for commercial roofing maintenance and repair services.
- Government Stimulus Packages: Government stimulus packages in some regions provided financial support to the construction industry, indirectly benefiting the commercial roofing market. However, the effectiveness varied by location.
As the global situation evolves, the commercial roofing market is expected to rebound, with increased emphasis on resilience, technology integration, and adaptability to mitigate future disruptions. Companies that can navigate these challenges and align with emerging trends are likely to thrive in the post-pandemic landscape.
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Key questions answered in this report:
- What is the size of the Commercial Roofing market and what is its expected growth rate?
- What are the primary driving factors that push the Commercial Roofing market forward?
- What are the Commercial Roofing Industry’s top companies?
- What are the different categories that the Commercial Roofing Market caters to?
- What will be the fastest-growing segment or region?
- In the value chain, what role do essential players play?
- What is the procedure for getting a free copy of the Commercial Roofing market sample report and company profiles?
Key Offerings:
- Market Share, Size & Forecast by Revenue | 2023−2032
- Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Leading Trends
- Market Segmentation – A detailed analysis by Types of Services, by End-User Services, and by regions
- Competitive Landscape – Top Key Vendors and Other Prominent Vendors
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Commercial Roofing Market – Regional Analysis
The Commercial roofing Market is segmented into various regions, including North America, Europe, Asia-Pacific, and LAMEA. Here is a brief overview of each region:
- North America: Commercial roofing in North America involves designing and installing roofing solutions tailored to diverse climate conditions. Trends include a growing emphasis on sustainable and energy-efficient roofing materials, increased adoption of cool roofing technologies to combat urban heat islands, and the integration of smart roofing systems for improved monitoring and maintenance.
- Europe: In Europe, commercial roofing prioritizes energy efficiency and environmental sustainability. Trends include the use of green roofing for eco-friendly solutions, innovative materials for improved insulation, and a focus on advanced technologies for enhanced durability and weather resistance.
- Asia-Pacific: Commercial roofing reflects a dynamic market with trends leaning towards cost-effective and durable roofing solutions. This includes a surge in demand for resilient roofing materials, the integration of solar roofing technologies, and an increasing preference for cool roofing to combat rising temperatures.
- LAMEA: LAMEA’s commercial roofing market is influenced by diverse climates. Trends include a growing interest in eco-friendly roofing solutions, the adoption of resilient materials for durability against extreme weather, and advancements in roofing technologies to address unique challenges in different regions.
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Browse the full “Commercial Roofing Market Size, Trends and Insights By Material Type (Single-Ply Membrane Roofing, Ethylene Propylene Diene Monomer, Polyvinyl Chloride), By Roof Type (Low Sloped Roofs, Flat Roofs, Pitched Roofs), By End-Users (Hospitals & Healthcare, Educational Institutes, Hotels & Restaurants, Banks & Financial Institutions, Airports, Hyper & Super Market, Shopping Malls, Others), and By Region – Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2023–2032” Report at https://www.custommarketinsights.com/report/commercial-roofing-market/
List of the prominent players in the Commercial Roofing Market:
- GAF Materials Corporation
- CertainTeed Corporation
- Owens Corning
- Firestone Building Products
- Carlisle Companies Incorporated
- Sika AG
- IKO Industries Ltd.
- Duro-Last Inc.
- Tremco Incorporated
- Johns Manville
- Soprema Group
- Atlas Roofing Corporation
- BMI Group
- Henry Company
- Malarkey Roofing Products
- Versico Roofing Systems
- Tamko Building Products
- Metal-Era Inc.
- Derbigum
- Flex Membrane International Corp.
- Others
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The Commercial Roofing Market is segmented as follows:
By Material Type
- Single-Ply Membrane Roofing
- Ethylene Propylene Diene Monomer
- Polyvinyl Chloride
By Roof Type
- Low Sloped Roofs
- Flat Roofs
- Pitched Roofs
By End-Users
- Hospitals & Healthcare
- Educational Institutes
- Hotels & Restaurants
- Banks & Financial Institutions
- Airports
- Hyper & Super Market
- Shopping Malls
- Others
Click Here to Get a Free Sample Report of the Global Commercial Roofing Market @ https://www.custommarketinsights.com/report/commercial-roofing-market/
Regional Coverage:
North America
- U.S.
- Canada
- Mexico
- Rest of North America
Europe
- Germany
- France
- U.K.
- Russia
- Italy
- Spain
- Netherlands
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- New Zealand
- Australia
- South Korea
- Taiwan
- Rest of Asia Pacific
The Middle East & Africa
- Saudi Arabia
- UAE
- Egypt
- Kuwait
- South Africa
- Rest of the Middle East & Africa
Latin America
- Brazil
- Argentina
- Rest of Latin America
This Commercial Roofing Market Research/Analysis Report Contains Answers to the following Questions.
- Which Trends Are Causing These Developments?
- Who Are the Global Key Players in This Commercial Roofing Market? What are Their Company Profile, Product Information, and Contact Information?
- What Was the Global Market Status of the Commercial Roofing Market? What Was the Capacity, Production Value, Cost and PROFIT of the Commercial Roofing Market?
- What Is the Current Market Status of the Commercial Roofing Industry? What’s Market Competition in This Industry, Both Company and Country Wise? What’s Market Analysis of Commercial Roofing Market by Considering Applications and Types?
- What Are Projections of the Global Commercial Roofing Industry Considering Capacity, Production and Production Value? What Will Be the Estimation of Cost and Profit? What Will Be Market Share, Supply and Consumption? What about imports and exports?
- What Is Commercial Roofing Market Chain Analysis by Upstream Raw Materials and Downstream Industry?
- What Is the Economic Impact On Commercial Roofing Industry? What are Global Macroeconomic Environment Analysis Results? What Are Global Macroeconomic Environment Development Trends?
- What Are Market Dynamics of Commercial Roofing Market? What Are Challenges and Opportunities?
- What Should Be Entry Strategies, Countermeasures to Economic Impact, and Marketing Channels for Commercial Roofing Industry?
Click Here to Access a Free Sample Report of the Global Commercial Roofing Market @ https://www.custommarketinsights.com/report/commercial-roofing-market/
Reasons to Purchase Commercial Roofing Market Report
- Commercial Roofing Market Report provides qualitative and quantitative analysis of the market based on segmentation involving economic and non-economic factors.
- Commercial Roofing Market report outlines market value (USD) data for each segment and sub-segment.
- This report indicates the region and segment expected to witness the fastest growth and dominate the market.
- Commercial Roofing Market Analysis by geography highlights the consumption of the product/service in the region and indicates the factors affecting the market within each region.
- The competitive landscape incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled.
- Extensive company profiles comprising company overview, company insights, product benchmarking, and SWOT analysis for the major market players.
- The Industry’s current and future market outlook concerning recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging and developed regions.
- Commercial Roofing Market Includes in-depth market analysis from various perspectives through Porter’s five forces analysis and provides insight into the market through Value Chain.
Reasons for the Research Report
- The study provides a thorough overview of the global Commercial Roofing market. Compare your performance to that of the market as a whole.
- Aim to maintain competitiveness while innovations from established key players fuel market growth.
Buy this Premium Commercial Roofing Research Report | Fast Delivery Available – [220+ Pages] @ https://www.custommarketinsights.com/report/commercial-roofing-market/
What does the report include?
- Drivers, restrictions, and opportunities are among the qualitative elements covered in the worldwide Commercial Roofing market analysis.
- The competitive environment of current and potential participants in the Commercial Roofing market is covered in the report, as well as those companies’ strategic product development ambitions.
- According to the component, application, and industry vertical, this study analyzes the market qualitatively and quantitatively. Additionally, the report offers comparable data for the important regions.
- For each segment mentioned above, actual market sizes and forecasts have been given.
Who should buy this report?
- Participants and stakeholders worldwide Commercial Roofing market should find this report useful. The research will be useful to all market participants in the Commercial Roofing industry.
- Managers in the Commercial Roofing sector are interested in publishing up-to-date and projected data about the worldwide Commercial Roofing market.
- Governmental agencies, regulatory bodies, decision-makers, and organizations want to invest in Commercial Roofing products’ market trends.
- Market insights are sought for by analysts, researchers, educators, strategy managers, and government organizations to develop plans.
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