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Technological Innovations Transforming The Landscape Of The Roofing Market Trend: A Crucial Influence on the Roofing Market's Transformation in 2025
Roofing Market
The roofing market is set to grow due to the escalating development of infrastructure. Infrastructure encompasses the er*ection of physical entities including bridges, roads, highways, and sewage systems. Necessary for every construction, roofing offers protection against a range of weather conditions such as rain, snow, sunlight, wind, and temperature fluctuations. For instance, TST Europe AG, a machinery parts manufacturer based in Switzerland, indicated that total spending for infrastructure construction in the United States stood at $1.84 trillion in 2022, marking a 7.4% increase to $1.98 trillion in 2023. Therefore, the rise in infrastructure development fuels the expansion of the roofing market.
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What growth opportunities are expected to drive the roofing market's CAGR through 2034?
Over the past few years, the roofing market size has consistently expanded. The market, which is expected to rise from $304.3 billion in 2024 to $318.4 billion in 2025, projects a Compound Annual Growth Rate (CAGR) of 4.6%. Factors such as growth in construction and real estate, increasing urbanization, changing climate and weather conditions, evolving architectural styles and trends, and the need for maintenance and replacements have contributed to the rise observed in the historical period.
The roofing industry is projected to experience a steady increase in its market size over the coming years, reaching a value of $370.41 billion in 2029 with a Compound Annual Growth Rate (CAGR) of 3.9%. The growth over the forecast period can be credited to factors such as the adoption of sustainable and environmentally-friendly practices, adaptability to extreme weather conditions, advancement in roofing materials, energy conservation norms, and government laws and construction codes. The major trends anticipated during the forecast period encompass the incorporation of personalization and aesthetic elements in roofing designs, the integration of eco-friendly roofing methods, a transition towards lightweight and modular roofing systems, a focus on weather-resistant coatings and sealants, and the incorporation of technology in roofing installation and upkeep.
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What are the emerging trends shaping the future of the roofing market?
Technological advancements have become a prevalent trend in the roofing industry. Leading firms in the roofing market are channeling their resources towards novel technological revelations to maintain their market trajectory. For example, GAF, an American manufacturing company specialized in solar roofs, introduced its new solar roof, Timberline Solar in January 2022. This roofing system harnesses sunlight to generate energy, which can be utilized for domestic purposes. Not only is it straightforward to install, but it also comes with cost-effectiveness, thus proving that solar roofs are the impending era of eco-friendly energy. Timberline Solar emerges as the breakthrough invention in this sector.
Which growth-oriented segments of the roofing market are leading the industry's development?
The roofing market covered in this report is segmented -
1) By Type: Flat Roof, Slope Roof
2) By Roofing Material: Bituminous Roofing, Metal Roofing, Tile Roofing, Other Roofing Materials
3) By Application: Residential, Commercial, Non-Residential
Subsegments:
1) By Flat Roof: Built-Up roofing (BUR), Modified Bitumen Roofing, Single-Ply Roofing (TPO, PVC, EPDM)
2) By Slope Roof: Asphalt Shingles, Metal Roofing, Tile Roofing, Wood Shakes And Shingles, Slate Roofing
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What regions are leading the charge in the roofing market?
Asia-Pacific was the largest region in the roofing market in 2024. The regions covered in the roofing market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What companies are at the forefront of innovation in the roofing market?
Major companies operating in the roofing market include Hindalco Industries Ltd., ABC Roofing Company Inc., Owens Corning, Carlisle Companies Inc., Etex SA, GAF Materials Corporation, CertainTeed Corporation, BMI Group Services GmbH, Atlas Roofing Corporation, Tamko Building Products Inc., Duro-Last Inc., Best Roofing Services Corp., Apex Roofing Contractors Ltd., Champion Roofing & Construction Inc., Bob's Roofing & Repair Inc., Clear Choice Roofing Corp., Braas Monier Building Group Services S.A., Acme Roofing Solutions LLC, Dependable Roofing & Sheet Metal Ltd., Eagle Roofing Company Inc., Elite Roofing Specialists LLC, Excel Roofing Contractors Corp., First Choice Roofing Services Inc., Five Star Roofing Company LLC, Golden Eagle Roofing & Construction Corp., Guardian Roofing & Repair Ltd., Hamilton Roofing Specialists Inc., Integrity Roofing & Siding LLC, J&J Roofing Contractors Corp., Keystone Roofing & Construction Inc., Knight Roofing Services LLC, Precision Roofing & Construction Ltd., Pro Roofing Specialists Inc.
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What Is Covered In The Roofing Global Market Report?
•Market Size Forecast: Examine the roofing market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the roofing market for a structured understanding.
•Key Players Overview: Analyze major players in the roofing market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the roofing market.
•Segment Contributions: Evaluate how different segments drive overall growth in the roofing market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the roofing market.
•Industry Challenges: Identify potential risks and obstacles affecting the roofing market.
•Competitive Landscape: Review strategic developments in the roofing market, including expansions, agreements, and new product launches.
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