Metal Roofing Market Dynamics, Technological Innovations, and Investment Opportunities By 2024-2031 | NCI Building Systems Inc., The Interlock Group

The Metal Roofing Market is estimated for 2023 for the forecast period 2023-2030, as highlighted in a new report published by Coherent Market Insights.

Market Overview:

Metal roofing provides corrosion resistance and durability for commercial and residential buildings. These roofs have a lifespan of 50 years or more and require minimal maintenance. Metal roofing is made of different materials like steel, aluminum, copper, and more.

Market Dynamics:

The metal roofing market is witnessing high growth owing to rising construction activities and growing repair & replacement activities of old roofs. Additionally, metal roof offers benefits like fire resistance, energy efficiency which have increased its demand from commercial as well as residential sector. Further, the rising demand for aesthetically appealing roofs from luxury homes have led homeowners to shift from conventional roofing to metal roofing. The growth in renovating & remodeling activities of old buildings have further propelled the metal roofing market growth.

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Top Key Players are Covered in this Report:

★ NCI Building Systems Inc.
★ The Interlock Group
★ Ideal Roofing
★ Metal Sales Manufacturing Corporation
★ DECRA Roofing Systems Inc.
★ Saint-Gobain S.A.
★ ATAS International Inc.
★ Firestone
★ Carlisle Companies Incorporated
★ Kingspan Group plc
★ Tegral Building Products
★ Hangzhou Faerle Building Materials Co. Ltd.
★ Fletcher Building

Market Segmentation:

By Metal Type:

★ Steel
★ Aluminum
★ Copper
★ Others

By Construction Type:

★ New Construction
★ Renovation

By End User:

★ Residential
★ Commercial
★ Industrial

Key Region/Countries are Classified as Follows:

» North America (U.S., Canada, Mexico)
» Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
» Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
» South America (Brazil, Argentina, Rest of SA)
» Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)

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Rise in Residential Construction Boosts Demand for Metal Roofing

The growing residential construction market has been a major driver of demand for metal roofing. According to industry reports, global spending on residential construction is projected to increase by over 30% in the next five years. Homeowners are increasingly opting for metal roofing due to its durability and longevity compared to traditional roofing materials like asphalt shingles. Metal roofing such as steel and aluminum stands up well to extreme weather conditions like heavy snowfall, high winds, and severe storms. This makes it a popular choice in regions that see harsh climates. The low maintenance and higher resale value of homes with metal roof also appeals to homeowners looking for a roofing solution with lower lifetime costs. With more households being added worldwide through urbanization and increased disposable incomes, the residential construction boom has translated to strong and steady growth for the metal roofing industry.

Preference for Eco-Friendly Materials Slows Demand

While metal roofing offers various advantages over other materials, one factor constraining its market growth is the increasing shift towards eco-friendly roofing options. As concerns over climate change and the need for sustainability rise globally, many homeowners are preferring roofing materials like clay/concrete tiles and vegetation roofs that have lower environmental footprint. Metal roofing, especially those made of aluminum, require intensive energy usage and release greenhouse gases during the manufacturing process. Disposing of old metal roof can also pose environmental challenges. This has driven many consumers to more sustainable natural alternatives for roofing in recent times. Research indicates that vegetation roofing and clay/concrete tiles segments have been growing at a faster pace compared to metal roofing. Stricter environmental regulations being enforced in major economies could further impact metal roofing demand in the future.

Opportunity in Commercial Construction Sector

One significant opportunity area for metal roofing manufacturers lies in expanding their presence in the commercial construction market. While metal roofing is widely used in industrial and agricultural buildings, its share in the commercial segment, which includes offices, retail complexes, hospitals etc, has been relatively smaller so far. However, factors like the increased durability, sleek modern look, and the ability to seamlessly integrate solar panels make metal roofing an attractive proposition for commercial builders as well. Industry estimates show that commercial construction expenditure will grow by over 40% globally in the next five years driven by infrastructure growth in developing nations. Metal roofing companies can tap into this opportunity by customizing product offerings to suit various commercial architectures and investing in branding and promotion targeted towards architectural firms and building contractors. Penetrating the commercial construction industry would open up a huge untapped market segment and boost future revenues for metal roofing producers.

Increasing Demand for Green Roofing Trend

One notable trend gaining momentum in the roofing space is the rising popularity of 'green roofs' or rooftop gardens. Green roofs not only improve buildings' energy efficiency and reduce stormwater runoff but also offer various environmental benefits like reducing the urban heat-island effect and improving air quality. More companies are now recognizing the commercial potential of green roofing systems integrated with solar panels and are developing modular green roofing solutions that aesthetically blend with buildings' facades. Customers too are willing to pay a premium for the productivity and wellness benefits provided by vegetated roofs. Recent studies have found that buildings with green roofs witness higher occupancy rates and command rental premiums. With sustainability becoming a strategic priority, the demand for combined green-solar roofing is expected to surge rapidly across both residential and commercial applications driving future innovations and growth opportunities in the metal roofing industry.

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The report answers a number of crucial questions, including:

➥ Which companies dominate the global Metal Roofing market?
➥ What current trends will influence the market over the next few years?
➥ What are the market's opportunities, obstacles, and driving forces?
➥ What predictions for the future can help with strategic decision-making?
➥ What advantages does market research offer businesses?
➥ Which particular market segments should industry players focus on in order to take advantage of the most recent technical advancements?
➥ What is the anticipated growth rate for the Metal Roofing market economy globally?

Some of the Major Points of TOC cover:

Chapter 1: Techniques & Scope

1.1 Definition and forecast parameters
1.2 Methodology and forecast parameters
1.3 Information Sources

Chapter 2: Latest Trends Summary

2.1 Regional trends
2.2 Product trends
2.3 End-use trends
2.4 Business trends

Chapter 3: Industry Insights

3.1 Industry fragmentation
3.2 Industry landscape
3.3 Vendor matrix
3.4 Technological and Innovative Landscape

Chapter 4: Metal Roofing Market, By Region

Chapter 5: Company Profiles

5.1 Company Overview
5.2 Financial elements
5.3 Product Landscape
5.4 SWOT Analysis
5.5 Systematic Outlook

Chapter 6: Assumptions and Acronyms

Chapter 7: Research Methodology

Chapter 8: Contact (Continue . . .)

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About Us

Coherent Market Insights is a global market intelligence and consulting organization that provides syndicated research reports, customized research reports, and consulting services. We are known for our actionable insights and authentic reports in various domains including aerospace and defense, agriculture, food and beverages, automotive, chemicals and materials, and virtually all domains and an exhaustive list of sub-domains under the sun. We create value for clients through our highly reliable and accurate reports. We are also committed in playing a leading role in offering insights in various sectors post-COVID-19 and continue to deliver measurable, sustainable results for our clients.

This release was published on openPR.