Advancement in construction industry, rapid urbanization, and innovations in technology are the key factors that drive the growth of the roofing market. In addition, technological innovations such as green roofing, eco-friendly roofing materials, and drones for roof inspections have increased the demand for roofing products. However, the high installation cost of roofing systems is expected to hamper the roofing market growth.
The latest study released on the global Roofing Systems Market evaluates market size, trend, and forecast to 2030. The Roofing Systems market study covers significant research data and proofs to be a handy resource document for managers, analysts, industry experts and other key people to have ready-to-access and self-analyzed study to help understand market trends, growth drivers, opportunities and upcoming challenges and about the competitors.
The roofing systems market is expected to grow at 3.1% CAGR from 2023 to 2030. It is expected to reach above USD 162.11 Billion by 2030 from USD 126.98 Billion in 2024.
Growing Need for Attractive Roofs To Drive Growth of Roofing System Market
Roofing system manufacturers are focusing on developing attractive designs that can be used in different types of architectures. The demand for green roofs made from plastic and concrete is increasing due to their ability to lower the building’s carbon footprint while adding value to it by providing insulation from heat or cold. Improved aesthetics have also made them preferred option among homeowners when it comes to choosing green roofs. Furthermore, new materials are being developed using advanced technologies such as 3D printing that can potentially increase demand for Roofing Systems in the near future.
Key Players in This Report Include:
Atlas Roofing Corporation, Johns Manville (Berkshire Hathaway), Boral Limited, Braas Monier Building Group SA, Carlisle Companies Incorporated, CSR Limited, Etex Group NV, Owens Corning, Saint-Gobain, Siam Cement Group. and other.
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The Global Roofing Systems Market segments and Market Data Break Down are illuminated below:
Roofing Systems Market By Material, 2020-2030, (USD Billion), (Kilotons).
Asphalt
Metal
Plastic
Clay
Concrete
Roofing Systems Market By Product, 2020-2030, (USD Billion), (Kilotons).
Shingles And Plates
Tiles
Roofing Systems Market By End User, 2020-2030, (USD Billion), (Kilotons).
Residential
Non-Residential
Regional and Country-level Analysis:
Asia Pacific to Continue Dominating Roofing System Market
Rapidly expanding construction industry is one of the most significant factors driving growth of the roofing system market. According to the United Nations, more than half of all new housing units are being built in Asia-Pacific. China alone accounts for over 20 percent of global construction projects. The Middle East also presents a lucrative market for construction firms because of its high economic growth and ambitious infrastructure development program. Construction activity in North America and Europe is also growing at a healthy pace, which has given rise to an improved demand for Roofing Systems across this region. Middle East, Africa and Latin America have experienced robust growth in recent years due to urbanization and industrialization. Economic growth in these regions has led to increased government spending on construction of roads, buildings, bridges and other infrastructure projects.
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Table of content:
Chapter 1: Roofing Systems Market Overview
Chapter 2: Global Economic Impact on Industry
Chapter 3: Global Market Competition by key players
Chapter 4: Global Production, Revenue (Value) by Region
Chapter 5: Global Supply (Production), Consumption, Export, Import by Regions
Chapter 6: Global Production, Revenue (Value), Price Trend by Type
Chapter 7: Global Market Analysis by Application
Chapter 8: Manufacturing Cost Analysis
Chapter 9: Industrial Chain, Sourcing Strategy and Downstream Buyers
Chapter 10: Marketing Strategy Analysis, Distributors/Traders
Chapter 11: Market Effect Factors Analysis
Chapter 12: Global Roofing Systems Market Forecast
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