Press release
Roofing Market: The global market is expected to grow at a CAGR of 4.5% during the forecasted period.
As per the study initiated by Evolve Business Intelligence, the global Roofing Market size accounted for USD 105.4 Billion in 2022, growing at a CAGR of 4.5% from 2023 to 2033. The roofing market refers to the industry that involves the production, distribution, and installation of various roofing materials and systems. It encompasses all activities related to the design, manufacturing, sales, and installation of roofing products for residential, commercial, and industrial buildings.The market is driven by factors such as new construction projects, renovation and remodeling activities, changing architectural trends, and the need for durable and sustainable roofing solutions
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Key Highlights:
• The global Roofing Market size was valued at USD 105.4 billion in 2022 growing at a CAGR of 4.5% from 2023 to 2033.
• North America dominated the market in 2022
• Asia Pacific is expected to fastest-growing at the highest CAGR from 2023 to 2033
Evolve Business Intelligence has recently released a new market research report on the Global Roofing Market. The report covers a wide range of aspects, such as market size and forecast, market dynamics, analysis of competitors' market share, value and volume of the market, SWOT analysis, product benchmarking, recent developments of key players, and potential opportunities. Additionally, the market has been assessed based on four indicators in the market dynamic chapter, including Drivers, Restraints, Key Trends, and Challenges.
In terms of COVID 19 impact, the Roofing Market report also includes the following data points:
• COVID19 Impact on Roofing Market size
• End-User/Industry/Application Trend, and Preferences
• Government Policies/Regulatory Framework
• Key Players Strategy to Tackle Negative Impact/Post-COVID Strategies
• Opportunity in Roofing Market
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Key Players
Some of the major Roofing Market players holding high market share include 3M COMPANY, ATLAS ROOFING CORPORATION, BASF SE and JOHNS MANVILLE. These players use partnership and collaboration as a key strategy to gain significant market share to compete with market leaders.
The key players profiled in the report are:
o 3M COMPANY
o ATLAS ROOFING CORPORATION
o BASF SE
o JOHNS MANVILLE
o DURO-LAST INC.
o .DUPONT DE NEMOURS INC.
o OWENS CORNING
o SIKA AG
o STANDARD INDUSTRIES INC.
o DOW INC.
Segmental Analysis
Market Segment By Roofing Type with focus on market share, consumption trend, and growth rate of Roofing Market:
• Flat Roof
• Slope Roof
Market Segment By Application with focus on market share, consumption trend, and growth rate of Roofing Market:
• Residential
• Commercial
• Industrial
Market Segment By Roofing Material with focus on market share, consumption trend, and growth rate of Roofing Market:
• Bituminous Roofing
• Metal Roofing
• Tile Roofing
Parameters Details
Market Size (2022) $ 105.4 Billion
CAGR (2023 to 2033) 4.5%
Market Segmentation Roofing Type, Application, Roofing Material
Country Covered US, Canada, Mexico, UK, Germany, France, Italy, Spain, Nordic Countries, BeNeLux, Rest of Europe, China, India, Japan, South Korea, Indonesia, Malaysia, Australia, Rest of Asia Pacific, Middle East & Africa, and South America
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Global Roofing Market Geographic Coverage:
• North America
o US
o Canada
o Mexico
• Europe
o UK
o Germany
o France
o Italy
o Spain
o Nordic Countries
o Benelux
o Rest of Europe
• Asia Pacific
o China
o Japan
o India
o South Korea
o Indonesia
o Malaysia
o Australia
o Rest of Asia Pacific
• Middle East and Africa
o Saudi Arabia
o UAE
o Egypt
o South Africa
o Rest of MEA
• Latin America
o Mexico
o Brazil
o Argentina
o Rest of Latin America
Reasons to Buy this Report:
• Detail analysis of the impact of market drivers, restraints, and opportunities
• Competitive Intelligence provides an understanding of the ecosystem
• Details analysis of the Total Addressable Market (TAM) of your products
• Investment Pockets and New Business Opportunities
• Demand-supply gap analysis
• Strategy Planning
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About EvolveBI
Evolve Business Intelligence is a market research, business intelligence, and advisory firm providing innovative solutions to challenging pain points of a business. Our market research reports include data useful to micro, small, medium, and large-scale enterprises. We provide solutions ranging from mere data collection to business advisory.
Evolve Business Intelligence is built on account of technology advancement providing highly accurate data through our in-house AI-modelled data analysis and forecast tool - EvolveBI. This tool tracks real-time data including, quarter performance, annual performance, and recent developments from fortune's global 2000 companies.
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