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Roofing Market worth $339.87 billion by 2030, growing at a CAGR of 4.88% - Exclusive Report by 360iResearch
Roofing Market | 360iResearch
The Global Roofing Market to grow from USD 243.42 billion in 2023 to USD 339.87 billion by 2030, at a CAGR of 4.88%.
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Roofing covers the top surface of a building or structure with a protective layer, normally made of various materials such as metal, wood, and asphalt. The main purpose of roofing is to provide shelter and protection from weather elements, including rain, sunlight, snow, wind, and extreme temperatures. Roofing materials vary depending on climate, building design, and personal preferences. Metal roofs are made of aluminum, steel, zinc, or copper and are long-lasting, lightweight, fire-resistant, and often used in commercial and residential applications. Roofing is used in various types of buildings, including residential houses, commercial buildings, industrial facilities, and institutional structures such as schools and hospitals. It protects against the elements, preventing water leaks, insulating the building, and enhancing its overall aesthetics. Wood roofing materials are made from cedar or redwood that provide a rustic and natural appearance, embodying environmentally friendly and good insulation properties. Moreover, the increasing need for roof maintenance and replacement, stringent building codes, and energy efficiency regulations significantly propel roofing installation. However, the high cost associated with raw materials and environmental concerns of roof materials impedes the adoption of roofing systems. In addition, technological development in roofing systems, investment in redevelopment, and the introduction of eco-friendly, energy-efficient roofing systems are anticipated to create tremendous opportunities for the roofing market development.
The Americas roofing industry observes a mature and advancing landscape, driven by the presence of large-scale contractors and technological developments in smart roofing systems. The U.S. and Canadian residents are currently involved in an increasing practice of roof replacement for home renovation, demanding higher-quality and durable products. The Asia-Pacific region has grown to be an ideal space for roof manufacturing, given its abundant fiberglass and metal material availability and economies of scale production facilities, particularly across China, India, and Indonesia. Increasing housing activities and new urban construction activities with government support have been the major factors expanding the market growth in the region. The European region has taken a more sustainable approach to the roofing business by introducing several initiatives and policies for the inclusion of green roofs. For instance, the City of Basel in Switzerland has promoted green roofs via investment in incentive programs, which provided subsidies for green roof installation. The Americas and Europe have also provided various standards and guidelines regarding roofing activities, including manufacturing, maintenance, and repair, to ensure safety and product quality.
Market Segmentation & Coverage:
This research report categorizes the Roofing Market in order to forecast the revenues and analyze trends in each of following sub-markets:
Based on Installation Type, market is studied across Engineered Solution Roofing, Paneled Roofing, Shingle Roofing, Structural Concrete Roofing, and Tile Roofing. The Structural Concrete Roofing commanded largest market share of 43.56% in 2023, followed by Shingle Roofing.
Based on Material, market is studied across Asphalt, Clay & Slate, Concrete, Membrane, Metal, and Wood. The Membrane is further studied across BUR, EPDM, PVC, and TPO. The Concrete commanded largest market share of 37.49% in 2023, followed by Membrane.
Based on Roof Type, market is studied across Flat Roof and Slope Roof. The Slope Roof commanded largest market share of 56.69% in 2023, followed by Flat Roof.
Based on Application, market is studied across Commercial, Industrial, and Residential. The Residential commanded largest market share of 50.01% in 2023, followed by Commercial.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Asia-Pacific commanded largest market share of 37.57% in 2023, followed by Europe, Middle East & Africa.
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FPNV Positioning Matrix:
The FPNV Positioning Matrix is essential for assessing the Roofing Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).
Market Share Analysis:
The Market Share Analysis offers an insightful look at the current state of vendors in the Roofing Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.
Key Company Profiles:
The report delves into recent significant developments in the Roofing Market, highlighting leading vendors and their innovative profiles. These include 3M Company, Aditya Profiles PvtLtd., Alcan Products Ltd., American Building Components, ATAS International, Inc., Atlas Roofing Corporation, BASF SE, Berridge Manufacturing Company, Carlisle Companies Inc., Central States Manufacturing, Inc., CertainTeed by Saint-Gobain SA, DOW Chemical Company, DuPont de Nemours, Inc., Duro-Last, Inc by Holcim Ltd., Englert Inc., Etex SA/NV, IKO Industries Ltd., Isaiah Industries, Inc., Johns Manville Corporation by Berkshire Hathaway Inc., Kingspan Group, Maxroof Corporation PvtLtd., McElroy Metal, Owens Corning Corporation, Pronto Panels, Pruszynski Ltd., Safal Group, SIKA AG, Standard Industries Inc., TAMKO Building Products LLC, Tata BlueScope Steel Limited, and Wienerberger AG.
Key Topics Covered:
1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Roofing Market, by Installation Type
7. Roofing Market, by Material
8. Roofing Market, by Roof Type
9. Roofing Market, by Application
10. Americas Roofing Market
11. Asia-Pacific Roofing Market
12. Europe, Middle East & Africa Roofing Market
13. Competitive Landscape
14. Competitive Portfolio
The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
The report answers questions such as:
1. What is the market size and forecast of the Roofing Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Roofing Market?
3. What is the competitive strategic window for opportunities in the Roofing Market?
4. What are the technology trends and regulatory frameworks in the Roofing Market?
5. What is the market share of the leading vendors in the Roofing Market?
6. What modes and strategic moves are considered suitable for entering the Roofing Market?
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