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Roofing Industry Set to Scale New Heights, Elevate Your Business Strategy with Invaluable Focused Insights

02-20-2024 12:38 PM CET | Consumer Goods & Retail

Press release from: Arizton Advisory & Intelligence



Arizton provides in-depth market insight reports on the US roofing market and Europe Roofing Market.

The reports provide information on the industry's key issues, existing market landscape, regulatory concerns, risks & opportunities, technology evolution, and future commercial potential. This report provides a comprehensive and current market scenario of the roofing market across various regions, including market size, anticipated market forecast, relevant market segmentations, and industry trends.

The US Roofing Market is Booming: Green Trends, Silicon Solutions, & Drone Precision is the Next Big Thing in the Market

The US roofing market will be valued at around $32.89 BN in 2022 and is anticipated to witness shipments of 286.87 million square in 2022.

The US roofing market is witnessing significant growth driven by factors such as growth in new construction activity, rise in renovation and remodeling projects, and increasing demand for energy-efficient roofing materials. The US market for green roofs is expected to experience significant growth during the forecast period, driven by sustainable building practices and energy-efficient solutions. This trend will likely influence the US market as more customers look for eco-friendly roofing solutions.

The rapid progression in roofing technology has resulted in the expansion of exceptional synthetic compound-based materials that are both lightweight, robust, and extremely long-lasting. Due to its advanced properties, synthetic roofing material has significantly grown in popularity. Furthermore, silicon roof solutions are witnessing a rise in the residential sector. Drones are becoming a popular part of the roofing industry. They are employed to take measurements of a building. Therefore, this technology will help to complete a project in a shorter period.

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Europe Roofing Market Poised to Skyrocket, Projected to Reach $105.68 Billion by 2028, Fueled by Innovation, Digital Shift, and Solar Integration Powerhouses

The Europe roofing market to reach USD 105.68 billion by 2028, growing at a CAGR of 4.50% during the forecast period.

In Europe, the pandemic has accelerated the shift of roofing materials towards online sales, as many businesses in the region have had to adapt to the changing market conditions. Therefore, this has led to an increase in the use of digital platforms for sales and marketing, which is expected to remain even after the pandemic subsidies. BMI Group, Etex Group, Wienerberger, IKO, and Sika are the leading players with strong market penetration. Vendors such as Holcim, Tegola Canadese, Industrie Cotto Possagno, Edilfibro, Klober, Swisspearl Group, and others are the other prominent players in the market with a noteworthy presence.

Key Development

In 2023, Roofit.Solar, a Europe-based company specializing in fully integrated solar roofs, raised around $7 million to meet the growing demand for rooftop solar power. It designs and produces solar roofs that aim to merge design with cutting-edge solar technology. The fully building-integrated photovoltaics (BIPV) solar roofs can endure extreme weather conditions. Also, it offers a concentrated total cost-of-build with 2-in-1 installation without compromising on style.
In 2022, SunRoof, a Swedish startup, raised about $16 million to bring its integrated solar roofs to more residential and commercial customers across Europe. It has been transforming housing electrification and decentralized renewable energy generation. The evolution of renewable energy has become one of the major priorities across Europe.
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About Focused Reports by Arizton

Welcome to Focused Reports, an esteemed Arizton Advisory & Intelligence subsidiary committed to delivering precise and insightful market research reports across all key geographies. Our unique selling proposition lies in our affordable pricing, accurate data, in-depth research, and presentation-ready reports. With us, expensive market research is a thing of the past. We aim to be strategic, providing valuable data.

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