The US Roofing Services Market to Reach $33.57 Billion by 2029 - Exclusive Focus Research Report by Arizton

According to the latest report by Focus Reports by Arizton, the US Roofing Services Market 2024 - 2029 sheds light on the dynamic and rapidly evolving industry. The comprehensive report unveils valuable market trends, growth opportunities, and the competitive landscape of the business. With in-depth analysis and meticulous research, this report serves as a strategic guide for industry players, investors, and decision-makers, offering a comprehensive understanding of the current US roofing services market dynamics and prospects.

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The US roofing services market was valued at $23.20 billion in 2023 and is projected to reach $33.57 billion by 2029, growing at a CAGR of 6.35% during the forecast period.

The US is the largest market for roofing services due to its growing home improvement projects, increasing residential and commercial construction activities, and rising demand for modern architecture. The US is expected to witness strong traction in demand for green roofing during the forecast period.

Growing Demand for Green Roofs Fueled by Economic and Environmental Benefits Boosting Growth

The demand for green roofs is growing significantly in the US. Green roofs are known for their heat absorbency and moisture release. It helps to improve air quality and reduce the heat island effect. The plant layer on green roofs reduces energy consumption for cooling & heating in buildings by providing additional consumption. Green roofs protect the roof membrane from damaging extreme temperatures & UV rays and help to expand lifespan. Green roofs act as a sound barrier for the building. The sustainable and natural appearance increases the value of the property. Due to various environmental benefits, people in the US seek green roofs. In the US, 72% of homeowners prefer home improvement instead of selling it. This will drive the demand for roofing services in the US during the forecast period.

Roof Installation Leads Service Segmentation with Over 38% Share, Driven by Surge in New Construction

The roof installation segment of services segmentation in the US market dominates. It includes the installation of new roofs for structures under construction. The demand for roof installation is growing significantly due to rising new construction activities, particularly in the residential sector. In the US, the demand for new residential spaces is rising in a noteworthy way. For instance, as per the US Census Bureau, private construction spending was at a seasonally adjusted annual rate of $1,579.3 billion in October 2023, and it has increased by 0.7% compared to the previous month. The growth of the roof installation segment is also due to various factors, including weather events, building codes, and technological advancements. Hailstorms and other weather conditions can damage roofs, increasing the demand for the repair & installation of new roofs.

Many companies are offering installation services in the US roofing services market, including CMR Construction & Roofing, BELDON GROUP OF COS., Cotton Holdings, Inc., Total Home Companies, Inc., Centimark Corporation, Tristate Pro, etc. It drives the US roofing services market demand during the forecast period.

The Commercial Segment to Occupy the Largest Market Share in the US Roofing Services Market

The commercial segment includes retail spaces, offices, educational institutions, hospitals, hotels, etc. It requires specialized expertise for handling specific materials and larger project requirements. The demand for roofing services for office buildings is growing significantly, driven by new construction, renovation, and sustainability initiatives. It focuses on aesthetics, energy efficiency, and ease of maintenance. In the US, small businesses account for 64% of new jobs and offer around 1.5 million jobs each year, as per the Small Business Administration. This is likely to increase the demand for roofing services in the US during the forecast period. The demand for roofing services from retail spaces is influenced by rebranding projects, weather-related, and repair store expansions. It focuses on fire resistance, durability, weatherproofing, and compatibility with HVAC system. During the forecast period, rising demand for rooftop dining in the US hospitality industry drives the demand for roofing services in the US. For instance, in 2022, the number of hotels in the US increased by around 8% within a year.

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