Press release
Asphalt Shingles Market 2019 | Highlights by Competitive Scenario with Impact of New Innovations, Drivers and Challenges to 2023
Asphalt Shingles
The prominent players in the Asphalt Shingles market are Owens Corning (US), Certain Teed Corporation (US), IKO Industries, Ltd. (Canada), TAMKO Building Products, Inc. (US), Tarco, Inc. (US), Siplast, Inc. (US), Henry Company LLC (US), Malarkey Roofing Products (Portland), Polyglass U.S.A., Inc. (US), and Atlas Roofing Corporation (US) among others.
Market Highlights
The global asphalt shingles market is anticipated to witness moderate growth throughout the forecast period. Increased investment in R&D, and product innovations have been driving the growth of the market. The modern-day shingle designs have been developed to encompass desired features in weight, cost, and environment. Today through advances in manufacturing technology, asphalt shingles are environment friendly, cost-effective, sturdy, and light in weight. However, fluctuation in material prices and unavailability of skilled labor, is expected to hinder the growth of the market.
The Asphalt Shingles market is expected to grow over the CAGR of around 5.8% during the period 2018 to 2023.
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Intended Audience:
• Raw Material Suppliers
• End Users
• Product Manufacturers
• Traders & Distributors
• Regulatory Bodies
• Market Research and Consulting Firms
Scope of the Report
This study provides an overview of the global asphalt shingles market, tracking three market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia-Pacific and the rest of the world (ROW). The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global asphalt shingles market by material, by type, by Application, and by region.
By Material
• Fiberglass
• Organic
By Type
• Heavy laminates
• Laminates
• Strip
By Application
• New construction
• Renovation/Remodeling
By Region
• North America
• Asia-Pacific
• Europe
• Rest of the World
North America region, to see a gradual increase in the Asphalt Shingles market over the forecast period
Based on region, the global asphalt shingles market has been segmented into North America, Europe, Asia-Pacific, and the Rest of the World (RoW). North America region dominated the global market, followed by Europe, primarily due to the climatic conditions, and increasing investments in Research & Development for advanced materials along with stable growth in the private construction market for both new construction and remodelling projects. US is the leading market in North America. Moreover, various benefits of asphalt shingles such as cost-effectiveness, durability, and energy saving capabilities has further enhanced the demand for the same.
Renovation/Remodeling segment, to occupy a dominant position in the overall asphalt shingles market
Based on Application, the Renovation/Remodeling segment is expected to exhibit maximum growth rate between the period of 2018 to 2023. The reason is attributed to the increased spending in the residential as well commercial complexes on remodeling and repair works. This in turn has created lot of demand for asphalt shingles in the both the residential and commercial construction segment.
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Table Of Contents
1 Executive Summary
2 Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.2.1 Definition
2.2.2 Research Objective
2.2.3 Assumptions
2.2.4 Limitations
2.3 Research Process
2.3.1 Primary Research
2.3.2 Secondary Research
2.4 Market Size Estimation
2.5 Forecast Model
3 Market Landscape
3.1 Porter’s Five Forces Analysis
3.1.1 Threat Of New Entrants
3.1.2 Bargaining Power Of Buyers
3.1.3 Threat Of Substitutes
3.1.4 Segment Rivalry
3.1.5 Bargaining Power Of Buyers
3.2 Value Chain/Supply Chain Analysis
4 Market Dynamics
4.1 Introduction
4.2 Market Drivers
4.3 Market Restraints
4.4 Market Opportunities
Continued......
List Of Tables
Table 1 Global Asphalt Shingles Market: By Region, 2018-2023
Table 2 North America Asphalt Shingles Market: By Country, 2018-2023
Table 3 Europe Asphalt Shingles Market: By Country, 2018-2023
Table 4 Asia-Pacific Asphalt Shingles Market: By Country, 2018-2023
Table 5 RoW Asphalt Shingles Market: By Country, 2018-2023
Table 6 Global Asphalt Shingles Market, By Material, By Regions, 2018-2023
Table 7 North America Asphalt Shingles Market, By Material, By Country, 2018-2023
Table 8 Europe Asphalt Shingles Market, By Material, By Country, 2018-2023
Table 9 Asia-Pacific Asphalt Shingles Market, By Material, By Country, 2018-2023
Continued.......
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