Press release
Roofing Industry Report 2025-2034: Market Dynamics, Trends, And Forecasts
Roofing
How Big Is the Roofing Market Size Expected to Be by 2034?
In recent times, the roofing market size has seen consistent growth. Anticipated to expand from a valuation of $304.3 billion in 2024, it is expected to reach $318.4 billion in 2025, with a compound annual growth rate (CAGR) of 4.6%. Factors that have contributed to this growth throughout the historic period include expansion in the construction and real estate sector, urbanization patterns, climate and weather-related aspects, architectural norms and trends, as well as the demand for maintenance and replacement.
Expectations for the roofing market size show a consistent growth trajectory in the years ahead. The projected size of the market is $370.41 billion by 2029, with a compound annual growth rate (CAGR) of 3.9%. This expected increase over the forecasting period can be accredited to various factors such as environmentally friendly conducts, adaptation to extreme climatic conditions, advancements in roofing materials, energy efficiency requirements, governmental regulations, and building codes. The forecast period also sees major trends including roof design personalization and aesthetics, the introduction of green roofing methods, a move towards light and modular roofing solutions, a focus on weather-resistant coatings and sealants, and the use of technology in roof installation and maintenance.
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What Are the Emerging Segments Within the Roofing Market?
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 Long-Term Drivers Are Shaping Roofing Market Trends?
The growth of the roofing market is predicted to be bolstered by expanding infrastructure development. Infrastructure pertains to the of physical edifices like bridges, highways, roads, and sewage systems. It's essential to have a sturdy roof in all construction projects as it shields the structure from conditions like rain, snow, sunlight, wind, and extreme temperatures. For example, TST Europe AG, a machinery parts manufacturer based in Switzerland, reported that the total infrastructure construction expenditure in the United States in 2022 amounted to $1.84 trillion, and this surged by 7.4% to reach $1.98 trillion in 2023. Consequently, the surge in infrastructure development is stimulating the expansion of the roofing market.
Who Are the Top Competitors in Key Roofing Market Segments?
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.
What Are the Major Trends Shaping the Roofing Market?
The main trend gaining traction in the roofing market is the development of new technological innovations. To maintain their market growth, major companies in the roofing sector are concentrating on these advances. For example, GAF, a US company that makes solar roofs, introduced its new solar roof, Timberline Solar, based on solar roof technology, in January 2022. This innovation harnesses sunlight to generate energy that can be used for domestic needs. Not only is it easy to install, but it is also highly cost-effective. Solar roofs represent the next generation of clean energy, and Timberline Solar is a revolutionary product in this market.
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Which Regions Are Becoming Hubs for Roofing Market Innovation?
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.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Roofing Market?
2. What is the CAGR expected in the Roofing Market?
3. What Are the Key Innovations Transforming the Roofing Industry?
4. Which Region Is Leading the Roofing Market?
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