Press release
Trending Covid-19 Impact on Roofing Torch Market to Witness Steady Growth through 2026
Roofing Torch Market offers good growth opportunities during the next five year period ending 2026. In its detailed market assessment report, Stratview Research has analysed the Roofing Torch Market emerging trends, forecasts, competitive landscapes, and factors governing the market dynamics.The study will cover the market intelligence and information for a period of 12 years from 2014 to 2026. The base year for the study is 2020.
Global Roofing Torch Market Forecast:
The global Roofing Torch Market is anticipated to recoup from the effects of COVID-19 starting from the year 2021 and will grow at a modest CAGR during the forecast period of 2021-2026.
The Global Roofing Torch Market is estimated to grow from USD 173.4 million in 2020 to USD 246.5 million by 2026 at a healthy CAGR of 6.1% during the forecast period.
The market is estimated through a rigorous triangulation process of internal data, secondary analysis and the insights gained from the primary interviews with industry experts.
The Roofing Torch Market growth depends upon numerous factors which have direct or indirect impact the demand.
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The key factors governing the demand for Roofing Torch Market are:
Market structure: Overview, industry life cycle analysis, supply chain analysis.
Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.
Market trend and forecast analysis.
Market segment trend and forecast.
Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
Attractive market segments and associated growth opportunities.
Emerging trends.
Strategic growth opportunities for the existing and new players.
Key success factors.
Roofing Torch Market Segmentation:
A roofing torch is a type of torch that consists of layers of modified bitumen that are melted by a flame torch. It is known as a very common form of asphalt roll roofing. The torch on the roof makes the roofs durable, waterproof, and resistant to ultraviolet light. This type of roofing is used for flat or low-slope roofs. It is easy to install and maintenance costs are also low.
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COVID-19 IMPACT Analysis on Roofing Torch Market
COVID-19 has affected all the businesses, small or big, present in any sector. The dynamics of Roofing Torch Market have seen a huge shift in the year 2020. The market environment and the way of operations have taken a huge turn and have led to many changes in the processes, which will have repercussions for a long period. 2021 is likely to be better than 2020 for the Roofing Torch Market players as most of the businesses have resumed their operations and the demand is getting restored for them.
Note: This report will be updated to incorporate the impact of COVID-19 on the market forecast for the period of 2021 to 2026.
Roofing Torch Market Competitive Analysis:
The report studies the competitive framework and business environment via different analytical frameworks such as
Porters Five Forces Model
SWOT Analysis
PEST Analysis
Success Factors
Growth Matrix
The key players in Roofing Torch Market are:
Leister AG (Switzerland),
BAK Industries (The U.S.),
The Brush Man, LLC (The U.S.),
Herz GmbH (Germany),
FLAGRO (The U.S.),
Forsthoff GmbH (Germany),
Flame Engineering, Inc. (The U.S.),
Guilbert EXPRESS Middle East LLC (Dubai),
Superior Products, Inc. (The U.S.), and
Shenzhen Joaboa Technology (China).
The Roofing Torch Market report benchmarks the major competitors on critical parameters, some of which are mentioned below:
Sales from the Roofing Torch Market segment
Geographic diversification
New product launches
Market Share
Strategic alliances, mergers and acquisitions
Alignment with the market
Regional dominance of the competitors
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