Roofing Market Boosted by Growing Adoption of Metal Roofing

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Development in the roofing system starting from traditional shingles to current modern coatings is adding to the prosperity of the global roofing market. A freshly compiled business report from IndustryARC evaluates that the global roofing market valued at $79.1 billion for the year 2018, and projects the opportunities to grow with a CAGR of 6% during the forecast period 2019-2025. This is mainly attributed to the fact that the roof is an indispensable component for maintaining a safe home.

The report is titled: “Roofing Market: By Type (Asphalt Shingles Roofing, Metal Roofing, Others); By Application (Reroofing, New Construction Roofing) & By Region – Forecast (2019 – 2025).” It comprises of market drivers, market trends, market opportunities, competitive landscape, and strategic analysis of the global roofing market.

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Roofing Market: Leading Segments

Transparent roofing, PMMA roofing, polymer roofing, asphalt shingles roofing, metal roofing, elastomeric roofing, built-up roofing, and modified bitumen roofing are the majorly used roofing in the present-day construction. These types of roofing differ from various roofing materials and their lifespan. New construction roofing application is projected to grow at a CAGR of 8% throughout the aforesaid forecast period of the IndustryARC report. Metal roofing is rising the resale value of a home, thus it has become the superior choice of owners and buyers as well.

Increased government spending, investment, and rising urbanization are the key factors which are empowering the APAC economy. According to the Building & Construction Authority, total construction demand in Singapore will reach $32 billion by the end of 2019.[1] Even distribution of industrial, residential, and infrastructural projects coupled with the healthy spread of construction projects across ASEAN are enabling the growth of the Asia-Pacific region in the roofing market. Therefore, APAC ruled out with a regional share of 76% among other regions in the global roofing market as of 2018.    

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Roofing Market: Disruptive Trends

  • Strong and durable metal roofing is preferred by the buyers because of its longevity, resistance against restless rains, fire, snow, high winds, hail and no scope for cracks and splits.
  • Eco-friendly metal roofing is emerging at a faster rate as it is easy to install. It comprises a high percentage of recycled material so that it can be recycled without affecting the environment whenever needed.
  • Advanced roofing technology named 3D printing is providing fruitful results and progressing at a greater rate. Growing adoption of 3D printing by the contractors to attract the building owners with new roof looks in hand before construction.
  • Widespread use of stainless nails, and liquid sealants in roofing, as it makes the roof installation at ease, and the process even more cost-effective.
  • Growth in the number of shingle roofs and metal roofs which are associated with thin solar panel installation, due to the increasing concern of people regarding the efficient utilization of energy.
  • New innovation namely drone technology which is embracing the contractors and assisting the roofers to work with comfort at the job site instead of dying in the hot sun. It increases the speed of work by collecting data regarding measurements and damage parts at a faster rate as a part of aerial surveillance.

Roofing Market: Competitive Landscape

GAF, Johns Manville, Duro-Last Roofing Inc., Atlas Roofing Corporation, Certain Teed Corporation, IKO Industries Ltd., Owens Corning, Firestone Building Products Company, TAMKO Building Products Inc., Carlisle, and Brass Monier Building Group Services S.A. are the prominent players which are operating with major shares in the global roofing market.

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Related Reports:

A. Roofing Chemicals Market

https://industryarc.com/Report/16470/roofing-chemicals-market.html

B. Roofing Tile Market

https://industryarc.com/Research/Roofing-Tile-Market-Research-503181

What can you expect from the report?

The Roofing Market is Prepared with the Main Agenda to Cover the following 20 points:

  1. Roofing Market Size by Product Categories & Application
  2. Roofing Market trends & Relevant Market Data
  3. Manufacturer Landscape
  4. Distributor Landscape
  5. Pricing Analysis
  6. Top 10 End-user Analysis
  7. Product Benchmarking
  8. Product Developments
  9. Mergers & Acquisition Analysis
  10. Patent Analysis
  11. Roofing Market Demand Analysis (Revenue & Volume)
  12. Country-level Analysis
  13. Competitor Analysis
  14. Roofing Market Shares Analysis
  15. Value Chain Analysis
  16. Supply Chain Analysis
  17. Roofing Market Strategic Analysis
  18. Roofing Market Current & Future Market Landscape Analysis
  19. Opportunity Analysis
  20. Roofing Market Revenue and Volume Analysis

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Response: Yes, we can customize the report by extracting data from our database of reports and annual subscription databases. We can provide the following free customization:

  1. Increase the level of data in the application or end-user industry.
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About IndustryARC: IndustryARC is a Research and Consulting Firm that publishes more than 500 reports annually, in various industries such as Agriculture, Automotive, Automation & Instrumentation, Chemicals and Materials, Energy and Power, Electronics, Food and Beverages, Information Technology, and Life sciences and Healthcare.

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