Dublin, Nov. 02, 2023 (GLOBE NEWSWIRE) — The “Growth Opportunities in Roofing Materials” report has been added to ResearchAndMarkets.com’s offering.
The global roofing materials market is on a trajectory to reach an impressive $165.57 billion by 2030, driven by substantial investments in the reconstruction of residential and commercial buildings. This growth is underpinned by a diverse range of roofing materials, including metal, asphalt, plastic/membrane, and other materials like clay tiles, solar technology, and green roofs. Each product type finds unique applications within the roofing materials market, catering to different end-use needs.
Key Products and Technologies
In this market, established long-term relationships between customers and manufacturers and high brand loyalty are defining characteristics. Major industry players are committed to offering an extensive range of high-quality products to bolster their brand reputation. They focus on integrated roofing system services, combining their product portfolios with other roofing components to gain a competitive edge over local competitors, contributing to a highly fragmented market.
Pricing in this industry is typically based on square footage and considers various factors such as supply chain disruptions, average material pricing, and product waste on the jobsite. Revenue calculations and unit shipment forecasts correlate material volume to monetary value.
Market Trends by Region
The Asia-Pacific (APAC) region is poised to be the primary driver of market demand, spurred by rapid urbanization, population growth, and rising per capita income. Emerging markets in countries like Vietnam, Indonesia, and India are experiencing a surge in demand. The Middle East and North Africa (MENA) are expected to witness the highest market growth, driven by robust expansion in construction and industrial applications, particularly as these segments evolve and grow.
Product Segments and Growth
Among the product segments, metal roofs are set to emerge as the fastest-growing category due to their long service life, durability, and cost-effectiveness. The “other materials” category, encompassing diverse options like clay, cement, wood, tiles, green roofs, and solar technology, represents the largest market segment. Meanwhile, asphalt is the dominant product group in terms of market size.
Market Segments
The residential segment is expected to be the largest and the second-fastest-growing segment, attributed to developing markets with high population growth and an increasing demand for larger houses and residential roofing. Reroofing activities, driven by the replacement of aged products, damage repairs, or transitions to different roofing materials, are expected to boost product demand. The industrial segment is also anticipated to see decent growth, primarily due to the emergence of industries in less-developed markets.
In conclusion, the global roofing materials market is poised for substantial growth, with different materials catering to diverse applications. Market dynamics are shaped by factors like regional demand drivers, pricing strategies, and evolving customer preferences. The industry is marked by a mix of established players and smaller companies, emphasizing the importance of product quality and customer relationships in this ever-expanding market.
Key Topics Covered
1 Strategic Imperatives
- Why is it Increasingly Difficult to Grow?
- The Strategic Imperative 8
- The Impact of the Top 3 Strategic Imperatives on the Roofing Materials Industry
- Growth Opportunities Fuel the Growth Pipeline Engine
2 Growth Opportunity Analysis
- Scope of Analysis
- Segmentation
- Key Competitors
- Core Product Competencies of Companies
- Growth Metrics
- Distribution Channels
- Growth Drivers
- Growth Drivers Analysis
- Growth Restraints
- Growth Restraints Analysis
- Green Roofs
- Forecast Assumptions
- Revenue and Unit Shipment Forecast
- Revenue Forecast by Product
- Revenue Forecast by Region
- Revenue Forecast by End Application
- Unit Shipment Forecast by Product
- Unit Shipment Forecast by Region
- Unit Shipment Forecast by End Application
- Forecast Analysis – Revenue and Unit Shipment
- Average Product Pricing Range
- Forecast Analysis – Pricing Trends
- Competitive Environment
- Revenue Share
- Product Presence
- Company Overview
3 Growth Opportunity Analysis: Metal
- Growth Metrics
- Revenue and Unit Shipment Forecast
- Revenue Forecast by Region
- Unit Shipment Forecast by Region
- Forecast Analysis – Metal Roofs
4 Asphalt
- Growth Metrics
- Revenue and Unit Shipment Forecast
- Revenue Forecast by Region
- Unit Shipment Forecast by Region
- Forecast Analysis – Asphalt
5 Plastic/Membrane
- Growth Metrics
- Revenue and Unit Shipment Forecast
- Revenue Forecast by Region
- Unit Shipment Forecast by Region
- Forecast Analysis – Plastic/Membrane
6 Other
- Growth Metrics
- Revenue and Unit Shipment Forecast
- Revenue Forecast by Region
- Unit Shipment Forecast by Region
- Forecast Analysis – Other Materials
7 Growth Opportunity Analysis: North America (NA)
- Growth Metrics
- Revenue and Unit Shipment Forecast
- Revenue Forecast by Product
- Unit Shipment Forecast by Product
- Forecast Analysis – North America
8 Growth Opportunity Analysis: Europe
- Growth Metrics
- Revenue and Unit Shipment Forecast
- Revenue Forecast by Product
- Unit Shipment Forecast by Product
- Forecast Analysis – Europe
9 Growth Opportunity Analysis: Asia-Pacific
- Growth Metrics
- Revenue and Unit Shipment Forecast
- Revenue Forecast by Product
- Unit Shipment Forecast by Product
- Forecast Analysis – APAC
10 Growth Opportunity Analysis: Latin America (LATAM)
- Growth Metrics
- Revenue and Unit Shipment Forecast
- Revenue Forecast by Product
- Unit Shipment Forecast by Product
- Forecast Analysis – Latin America
11 Growth Opportunity Analysis: Middle East & North Africa (MENA)
- Growth Metrics
- Revenue and Unit Shipment Forecast
- Revenue Forecast by Product
- Unit Shipment Forecast by Product
- Forecast Analysis – MENA
12 Growth Opportunity Analysis by End Application
- Revenue Forecast by End Application
- Unit Shipment Forecast by End Application
- Revenue by Product and End Application
- Unit Shipment by Product and End Application
13 Growth Opportunity Analysis: Residential
- Growth Metrics
- Revenue and Unit Shipment Forecast
- Revenue Forecast by Product
- Unit Shipment Forecast by Product
- Forecast Analysis – Residential Roofing
14 Growth Opportunity Analysis: Commercial
- Growth Metrics
- Revenue and Unit Shipment Forecast
- Revenue Forecast by Product
- Unit Shipment Forecast by Product
- Forecast Analysis – Commercial Roofing
15 Growth Opportunity Analysis: Industrial
- Growth Metrics
- Revenue and Unit Shipment Forecast
- Revenue Forecast by Product
- Unit Shipment Forecast by Product
- Forecast Analysis – Industrial Roofing
16 Growth Opportunity Universe
- Growth Opportunity 1: Geographic Expansion
- Growth Opportunity 2: Mergers and Acquisitions
- Growth Opportunity 3: Technology and Product Development
17 Next Steps
18 List of Exhibits
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