NEW YORK, May 19, 2023 (GLOBE NEWSWIRE) — Roofing market overview
According to a comprehensive research report by Market Research Future (MRFR) “Roofing Market Information by Roofing Type, Application, and Region – Forecast Until 2030”, the roofing market could grow by 4.85% between 2021 and 2030. The market size will reach around $1.57 billion by the end of 2030.
Market Overview
Roofing work is the construction, repair or replacement of the roof of a building or structure. The roof is an essential part of any building as it protects against the elements such as rain, snow and wind. Roofing involves the application of roofing materials such as shingles, tiles, sheet metal or membrane to create a weatherproof and durable covering for the building. The roofing process also includes installing insulation, ventilation, and waterproofing materials to ensure the roof is energy efficient, well ventilated, and resistant to water damage. Proper roofing is vital to the longevity, safety and comfort of any building and requires skilled professionals with expertise in roofing materials, building techniques and safety codes.
Roofs are used in residential, commercial and industrial areas. Residential roofs are typically used for homes and apartments, while commercial roofs are used for offices, retail stores, and other commercial buildings. Industrial roofs are used for warehouses, factories and other industrial buildings.
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Market Competitive Landscape:
Wealthy companies in the roofing industry include:
- Atlas Roofing Corporation
- Owens Corning
- Sika AG
- Duro Last Roofing Inc
- GAF energy
- Braas Monier Building Group
- 3M company
- Dow Chemical Company
- Among other.
Report scope:
| report attribute | details |
| market size | $1.57 billion |
| CAGR | 4.85% CAGR (2022-2030) |
| base year | 2021 |
| forecast period | 2022-2030 |
| Historical data | 2019 and 2020 |
| Forecast Units | Value (Billions USD) |
| report coverage | Sales Forecast, Competitive Landscape, Growth Factors and Trends |
| Covered Segments | Roof covering, application |
| Regions Covered | North America, Europe, Asia Pacific and Rest of the World (RoW) |
| Important market drivers | Growth of construction industry and improvement of financial conditions. Rapid growth of the real estate industry in developing regions. Growing population and a growing number of foreign nationals |
Browse the in-depth market research report (120 pages) on roofing:
https://www.marketresearchfuture.com/reports/roofing-market-1827
April 2021
Generac Holdings’ GAF Energy announced that the acquisition will allow Generac Holdings to expand its presence in the solar rooftop market.
Covered Market USP:
Market leader:
The roofing market is a dynamic industry influenced by various factors influencing its growth and development. One of the main drivers of the roofing market is the growth of the construction industry. With the growing population and urbanization, the demand for housing, commercial buildings and industrial space is increasing, which leads to an increase in construction activity. Therefore, there is a growing need for quality roofing materials that can add durability and longevity to buildings.
Another major driver of the roofing market is the increasing demand for energy-efficient roofing materials. With growing concerns about environmental sustainability, there is a growing demand for roofing materials that can reduce energy consumption and help reduce carbon emissions. Energy-efficient roofing materials such as chilled roofs, solar panels, and green roofs are growing in popularity as they help reduce energy bills, improve thermal performance of buildings, and improve indoor air quality.
In addition to energy efficiency, the introduction of green roof technologies is also driving the growth of the roofing market. Green roofs are growing in popularity as they offer several benefits such as: B. Reducing the urban heat island effect, improving air quality and providing natural insulation. Increasing awareness of the benefits of green roofs has led to their use in various buildings, including commercial and residential.
Market Restrictions:
However, the roofing market is also constrained by factors such as high installation and maintenance costs, lack of skilled labor and strict government regulations related to environmental concerns.
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COVID-19 Analysis
The COVID-19 pandemic has brought unprecedented changes to the roofing market, with significant implications for the construction industry. The pandemic led to a drop in construction activity around the world as many countries implemented lockdown measures to curb the spread of the virus. The restrictions on movement, the closure of construction sites and the disruption of supply chains led to a significant drop in demand for roofing materials. The roofing market saw sales decline as many projects were either postponed or canceled due to the economic slowdown. However, with the gradual lifting of the lockdown measures and the resumption of construction activities, the roofing market is likely to recover in the post-COVID scenario. Demand for roofing materials is expected to increase as construction activity resumes. The shift towards green building practices and the adoption of energy efficient roofing materials are also likely to drive the growth of the roofing market in the post-pandemic era.
market segmentation
By roof type
The roofing types on the market include asphalt, tile, metal, concrete and others.
On application
The application in the market includes commercial, residential and industrial.
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Regional Insights
In terms of regional analysis, North America, Europe and Asia-Pacific are the top three regions for Roofing Market. North America is expected to dominate the market due to growing demand for energy efficient roofing materials and increasing focus on sustainable building practices. Europe is also expected to see significant growth due to increasing adoption of green roof technologies, while Asia-Pacific is expected to see growth due to increased investment in infrastructure development and the growing construction industry.
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