Press release
North America Roofing Market to Achieve 4.9% CAGR Forecast by 2031 | Atlas Roofing, Iko Industries, Seaman
North America Roofing Market
The North America roofing market size was valued at $ 25,684.5 million in 2021, and is projected to reach $ 41,242.6 million by 2031, registering a CAGR of 4.9% from 2022 to 2031.
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Top Companies
Atlas Roofing Corporation, Beacon Roofing Supply Inc., Berkshire Hathaway Inc (Johns Manville), Carlisle Companies Incorporated, Compazine DE Saint-Gobain S.A., Firestone Building Products, Iko Industries, Owens Corning, Seaman Corporation and Sika AG.
Sustainability has emerged as a defining theme in the roofing market. With increased awareness of environmental issues, customers are now seeking roofing materials and solutions that minimize their ecological footprint. This trend has led to the rise of green roofing, which involves the installation of vegetation or reflective surfaces on rooftops. Green roofing not only improves energy efficiency by reducing heat absorption but also contributes to urban biodiversity and stormwater management.
Advancements in roofing technology are reshaping the industry's landscape. Smart roofing systems equipped with sensors and automation are becoming more common, allowing homeowners and facility managers to monitor roof conditions remotely. These systems can detect leaks, temperature fluctuations, and structural issues in real-time, minimizing maintenance costs and preventing extensive damage.
The roofing market in North America is also feeling the impacts of climate change. Increasingly severe weather events, including hurricanes, hailstorms, and wildfires, are driving demand for more resilient and durable roofing materials. Homeowners and businesses are seeking roofing solutions that can withstand extreme conditions while providing effective insulation to maintain indoor comfort.
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Energy efficiency remains a crucial consideration in roofing choices. Reflective roofing materials, which bounce sunlight off the surface and reduce heat absorption, are gaining popularity. These materials can significantly lower energy consumption by reducing the need for air conditioning during hot months, which in turn contributes to reduced greenhouse gas emissions.
Roofing manufacturers and contractors have a chance to collaborate more closely with architects and designers to create aesthetically pleasing and functional roofing solutions. Innovative designs that merge form and function can set companies apart in a competitive market.
The North American roofing market is experiencing a transformation driven by sustainability, technology, climate considerations, and energy efficiency. As customers become more conscious of the environmental impact of their choices, roofing companies are embracing innovation and eco-friendly solutions. From green roofs to smart systems, the industry is poised for growth as it adapts to the changing landscape of the built environment. By capitalizing on the identified trends and opportunities, stakeholders in the roofing sector can position themselves for success in this dynamic market.
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