Press release
Commercial Roofing Market is Estimated to Reach USD 18.13 Billion by 2030
Commercial Roofing Market
Commercial Roofing Market was valued nearly USD 11.90 Bn in 2023. Commercial Roofing Market size is estimated to grow at a CAGR of 6.2 % & is expected to reach at USD 18.13 Bn. by 2030.
Commercial Roofing Market Overview:
The commercial roofing market encompasses the installation, maintenance, and repair of roofing systems for non-residential buildings, including offices, retail stores, warehouses, hospitals, and industrial facilities. This market is influenced by construction activity, building codes and regulations, technological advancements in roofing materials, and sustainability trends.
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Commercial Roofing Market Trends:
Sustainability and Energy Efficiency: There is a growing emphasis on sustainable building practices and energy-efficient roofing solutions. Green roofing systems, cool roofs, and solar roofing technologies are gaining popularity due to their environmental benefits and potential cost savings.
Advanced Roofing Materials: Technological advancements in roofing materials, such as membrane roofing, metal roofing, and synthetic roofing products, offer enhanced durability, weather resistance, and design flexibility.
Digitalization and Roofing Technologies: Adoption of digital tools, including drones for roof inspections, Building Information Modeling (BIM) for design and planning, and roofing software for project management, is improving efficiency and accuracy in the commercial roofing industry.
Safety and Regulatory Compliance: Stringent safety regulations and compliance with building codes influence roofing practices, including installation techniques, material specifications, and worker safety standards.
What are Commercial Roofing Market Dynamics?
Construction Activity: Economic growth, urbanization, and infrastructure development drive demand for new commercial buildings and renovation projects, boosting the commercial roofing market.
Roof Replacement and Maintenance: Aging infrastructure and the need for regular maintenance and replacement of roofing systems contribute to market growth, particularly in retrofit projects.
Insurance and Risk Management: Businesses and building owners invest in quality roofing systems to mitigate risks related to property damage, weather hazards, and insurance premiums.
Cost Considerations: Budget constraints and fluctuating material costs can impact investment decisions in roofing projects, influencing the adoption of cost-effective and durable roofing solutions.
Skilled Labor Shortages: Shortages of skilled roofing contractors and labor force challenges affect project timelines, quality assurance, and workforce safety in the commercial roofing sector.
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Commercial Roofing Market Opportunities:
Retrofit and Renovation Projects: Opportunities exist in retrofitting existing buildings with energy-efficient roofing systems, improving insulation, and integrating sustainable technologies to meet regulatory requirements and enhance building performance.
Green Building Certifications: Demand for LEED (Leadership in Energy and Environmental Design) and other green building certifications drives adoption of eco-friendly roofing solutions, promoting market differentiation and environmental stewardship.
Partnerships and Collaborations: Collaborations between roofing contractors, manufacturers, and technology providers can foster innovation in roofing materials, installation techniques, and maintenance solutions.
What is Commercial Roofing Market Regional Insight?
North America: The United States and Canada lead the commercial roofing market, supported by robust construction activity, stringent building codes, and investments in sustainable building practices.
Europe: Countries in Western Europe, including the UK, Germany, and France, prioritize energy efficiency and green building initiatives, influencing the adoption of eco-friendly roofing solutions and advanced roofing technologies.
Asia-Pacific: Rapid urbanization, infrastructure development, and industrial growth in countries like China, India, and Australia drive demand for commercial roofing services, focusing on durability, weather resistance, and cost-effectiveness.
Latin America and Middle East & Africa: These regions are witnessing increasing investments in commercial infrastructure, driving demand for reliable roofing systems that withstand local climatic conditions and regulatory requirements.
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What is Commercial Roofing Market Segmentation?
by Material Type
Single-Ply Membrane Roofing
Ethylene Propylene Diene Monomer
Polyvinyl Chloride
by Roof Type
Low Sloped Roofs
Flat Roofs
Pitched Roofs
by End-Users
Hospitals & Healthcare
Educational Institutes
Hotels & Restaurants
Banks & Financial Institutions
Airports
Hyper & Super Market
Shopping Malls
Others
Some of the current players in the Commercial Roofing Market are:
1. Atlas Roofing Corporation
2. Duro-Last Inc.
3. BASF SE
4. 3M Company
5. Dow Chemical Company
6. Owens Corning
7. Standard Industries Inc.
8. E.I. du pont de Nemours Company
9. Berkshire Hathaway Inc.
10.Sika AG
11.Carlisle Companies Inc.
12.Certain Teed Corporation
13.Firestone Building Products Company
14.GAF
15.IKO Industries Ltd
16.TAMKO Building Products Inc.
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Key Offerings:
Past Market Size and Competitive Landscape
Commercial Roofing Market Size, Share, Size & Forecast by different segment
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
Commercial Roofing Market Segmentation - A detailed analysis by Product
Competitive Landscape - Profiles of selected key players by region from a strategic perspective
Competitive landscape - Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER's analysis
Value chain and supply chain analysis
Legal Aspects of business by region
Lucrative business opportunities with SWOT analysis
Recommendations
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