Steel Roofing Market is Expected to Grow at a CAGR of 1.8% Over the Forecast Period 2024-2031 | Tata BlueScope Steel, Nippon Steel Corporation, Safal Steel.

The Steel Roofing Market report by DataM Intelligence provides insights into the latest trends and developments in the market. This report identifies the key growth opportunities in the market and provides recommendations for market participants to capitalize on these opportunities. Overall, the Steel Roofing market report is an essential resource for market participants who are looking to gain a comprehensive understanding of the market and identify opportunities for growth.

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Global Steel Roofing Market reached US$ 4.2 billion in 2023 and is expected to reach US$ 4.8 billion by 2031, growing with a CAGR of 1.8% during the forecast period 2024-2031.

The steel roofing market focuses on durable, lightweight, and energy-efficient roofing solutions made from steel. It includes products like galvanized, galvalume, and stone-coated steel roofs, known for their longevity and resistance to harsh weather. Growing demand for sustainable construction materials, low maintenance costs, and aesthetic versatility drive the market, making it a preferred choice for residential, commercial, and industrial applications.

Competitive Landscape

The section also contains information related to the new product launches, mergers, acquisitions, collaborations, etc., to give a clear understanding about the competitive landscape prevailing in the global market. With an emphasis on strategies there have been several primary developments done by major companies such as Tata BlueScope Steel, Nippon Steel Corporation, Safal Steel, Kingspan, Nucor Building Systems, ArcelorMittal Construction, McElroy Metal, JSW Coated Products Ltd, Cornerstone Building Brands, Inc. and Fletcher steel.

Key Developments:

On February 19, 2024, BlueScope, Australia's largest steel manufacturer, announced its ambitious US$1.2 billion ($1.83 billion) development strategy focused on expanding its Colorbond corrugated steel roofing products in the United States-the world's largest economy. While the company highlighted that its US growth plans are in motion, it also reported a 23% decline in net profit for the first half of the year, dropping to US$439 million. Declining steel margins in the US, Australia, and Asia contributed to this decrease, with Asia experiencing the most significant impact.

In January 2022, a poll by the UK-based price comparison website money.co.uk revealed that 77% of UK homeowners made home improvements or renovations in 2021. During the first eight months of 2021, UK homeowners spent an average of £1,473 ($1,621) on home furnishings, renovations, and DIY projects, resulting in over £21 billion ($23 billion) spent nationwide on home renovations. This surge in remodeling activities has been a key driver for the growing demand for steel roofing solutions.

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Market Segments

The detailed segmentation offered in the report will help customers get a clear idea about the market segments and the factors that will drive segmental growth. The Steel Roofing market has been segmented

By Type: Corrugated Sheet Panels, Steel Shingles and Shakes, Stone-Coated Steel Tiles, Standing Seam, Others.

By Product: Galvanized, Galvalume, Weathering Steel.

By Construction Type: New Construction, Renovation.

By Application: Residential, Commercial, Industrial.

Research Process

Both primary and secondary data sources have been used in the global Steel Roofing Market research report. During the research process, a wide range of industry-affecting factors are examined, including governmental regulations, market conditions, competitive levels, historical data, market situation, technological advancements, upcoming developments, in related businesses, as well as market volatility, prospects, potential barriers, and challenges.

Regional Analysis for Steel Roofing Market:

⇥ North America (U.S., Canada, Mexico)

⇥ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)

⇥ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)

⇥ South America (Colombia, Brazil, Argentina, Rest of South America)

⇥ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)

**The full version of the report includes an in-depth analysis of emerging players and startups, which will provide valuable insights into the evolving market landscape and key strategies being adopted**

This Report Covers:

✔ Go-to-market Strategy.

✔ Neutral perspective on the market performance.

✔Development trends, competitive landscape analysis, supply side analysis, demand side analysis, year-on-year growth, competitive benchmarking, vendor identification, and other significant analysis, as well as development status.

✔Customized regional/country reports as per request and country level analysis.

✔ Potential & niche segments and regions exhibiting promising growth covered.

✔ Analysis of Market Size (historical and forecast), Total Addressable Market (TAM), Serviceable Available Market (SAM), Serviceable Obtainable Market (SOM), Market Growth, Technological Trends, Market Share, Market Dynamics, Competitive Landscape and Major Players (Innovators, Start-ups, Laggard, and Pioneer).

Chapter Outline

⏩ Market Overview: It contains five chapters, as well as information about the research scope, major manufacturers covered, market segments, Steel Roofing market segments, study objectives, and years considered.

⏩ Market Landscape: The competition in the Global Steel Roofing Market is evaluated here in terms of value, turnover, revenues, and market share by organization, as well as market rate, competitive landscape, and recent developments, transaction, growth, sale, and market shares of top companies.

⏩ Companies Profiles: The global Steel Roofing market's leading players are studied based on sales, main products, gross profit margin, revenue, price, and growth production.

⏩ Market Outlook by Region: The report goes through gross margin, sales, income, supply, market share, CAGR, and market size by region in this segment. North America, Europe, Asia Pacific, Middle East & Africa, and South America are among the regions and countries studied in depth in this study.

⏩ Market Segments: It contains the deep research study which interprets how different end-user/application/type segments contribute to the Steel Roofing Market.

⏩ Market Forecast: Production Side: In this part of the report, the authors have focused on production and production value forecast, key producers forecast, and production and production value forecast by type.

⏩ Research Findings: This section of the report showcases the findings and analysis of the report.

⏩ Conclusion: This portion of the report is the last section of the report where the conclusion of the research study is provided.

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Frequently asked questions:

➠ What is the global sales value, production value, consumption value, import and export of Steel Roofing market?

➠ Who are the global key manufacturers of the Steel Roofing Industry? How is their operating situation (capacity, production, sales, price, cost, gross, and revenue)?

➠ What are the Steel Roofing market opportunities and threats faced by the vendors in the global Steel Roofing Industry?

➠ Which application/end-user or product type may seek incremental growth prospects? What is the market share of each type and application?

➠ What focused approach and constraints are holding the Steel Roofing market?

➠ What are the different sales, marketing, and distribution channels in the global industry?

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