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North America Roofing Market Worth $47,517.8 Million in 2025 | Key Segments, Drivers and Growth Forecasts

03-05-2021 06:57 AM CET | Industry, Real Estate & Construction

Press release from: Allied Market Research

/ PR Agency: Allied Market Research
North America Roofing Market

North America Roofing Market

According to a new report published by Allied Market Research, titled, "North America Roofing Market Analysis: Opportunity Analysis and Industry Forecast, 2018–2025," the North America Roofing market size was $29,864.4 million in 2017, and is projected to reach $47,517.8 million in 2025, growing at a CAGR of 5.9%. In value terms, the flat roof segment accounted for over two-thirds of the North America roofing market share in 2017 and is expected to witness significant growth during the forecast period.

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A roof is a structure that covers the houses or buildings and protects their interior and exterior.
Factors, such as new construction, renovation, and retrofitting activities for buildings as well as infrastructure are expected to drive the North America Roofing market during the forecast period. Moreover, roofing manufacturers adopt various strategies, such as business expansion and acquisition, to strengthen their market presence, which boost the growth of the North America Roofing market. For instance, in 2018, Beacon Roofing Supply, Inc. acquired three companies named Atlas Supply, Tri-State Builder’s Supply, and Allied Building Products, to increase their customer base and gain maximum share in the North America Roofing market.

Development in technology, such as the development of RS-8020 PVC roofing systems by Johns Manville, is one of the major factors that drives the North America roofing market. The system is equipped with UV resistance property that works effectively in the long run, despite harsh weather conditions. In addition, increase in standard of living particularly in the developing countries makes way for different building renovation projects, which fuel the demand for the roofing market.

Further, recent flat roof or low-slope roofs usually have a continuous membrane covering. These membranes are installed as incessant sheets, bonded together by adhesives. However, rise in roofing material costs are expected to hinder the North America roofing market growth to a certain extent from 2018 to 2025.

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Key Segments

By Type

Shingle Roofing
Tile Roofing
Engineered Solution Roofing
Paneled Roofing
Structural Concrete Roofing

By Material Type

Metal
Wood
Clay and slate
Asphalt
Concrete
Membrane
PVC
TPO
EPDM
Torch-on
Spray-on
BUR

By Roof Type

Flat roof
Slope roof

By Application

Residential
Commercial
Industrial

By Country

U.S.
Canada

Key Players

Beacon Roofing Supply, Inc.
Berkshire Hathway
Bridgestone Americas
Carlisle Companies Incorporated
CertainTeed (Saint Gobain)
FiberTite (Seaman Corporation)
GAF Materials Corporation
IKO Industries
Owens Corning
Sika Group

Speak to Our Expert Analyst @ https://www.alliedmarketresearch.com/connect-to-analyst/5279

Contact:
David Correa
Portland, OR, United States
USA/Canada (Toll Free): +1-800-792-5285, +1-503-894-6022, +1-503-446-1141
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975
help@alliedmarketresearch.com
Web: https://www.alliedmarketresearch.com
Follow Us on LinkedIn: https://www.linkedin.com/company/allied-market-research

About Us

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of Market Research Reports and Business Intelligence Solutions. AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains.

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