Press release
Steel Roofing Industry Valued at USD 17.52 Billion, Projected to Expand at 4.4% CAGR
The Steel Roofing industry is projected to grow from USD 12.40 Million in 2024 to USD 17.52 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 4.4% during the forecast period (2024 - 2032).
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Drivers
Durability & Longevity:
Steel roofing is valued for its high strength, resistance to extreme weather, and long service life compared to traditional roofing materials.
Growing Focus on Sustainable Construction:
Steel roofs are recyclable and often made from recycled materials, aligning with green building trends.
Energy Efficiency Benefits:
Modern steel roofs can be coated with reflective finishes that improve energy efficiency by reducing heat absorption.
Rising Demand in Residential & Commercial Sectors:
Increased urbanization and infrastructure development fuel demand for reliable and low-maintenance roofing solutions.
Leading Companies Operating in the Steel Roofing Market Are:
Fabral (US), Certainteed (US), Kingspan Group (Ireland), Nucor Building Systems (US), Cornerstone Building Brands (US), Fletcher Steel Limited (New Zealand), Blachy Pruszyński (Poland), and Tata Steel Europe Limited (UK), Ideal Roofing (Canada), EDCO Products (US), Safal Group (South Africa), ATAS International, Inc. (US), CHIEF INDUSTRIES, INC. (US), Bilka (Romania), and McElroy Metal (US)
Restraints
High Initial Installation Costs:
Steel roofing can require higher upfront investment compared to asphalt shingles or other conventional materials, which may deter some buyers.
Corrosion Risks:
In coastal or highly humid areas, steel roofs may be prone to corrosion if not properly coated or maintained.
Noise Concerns:
Without adequate insulation, steel roofing can be noisy during rain or hail, which can affect consumer preference.
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Detailed Segmentation Analysis of the Steel Roofing Market
By type
• Steel shingles and shakes
• Standing seam
• Stone-coated tiles
By application
• Residential
• Non-residential
• Remodeling and renovation
• New constructions
Opportunities
Technological Advancements:
Innovations in coatings, finishes, and installation techniques can enhance durability, aesthetics, and performance.
Growing Popularity of Retrofit & Replacement Projects:
The need to replace aging roofs creates opportunities for steel roofing manufacturers and contractors.
Rising Adoption of Solar Integration:
Steel roofs provide a sturdy base for solar panel installation, opening cross-selling opportunities with renewable energy solutions.
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Challenges
Skilled Labor Shortages:
Proper installation requires skilled professionals; lack of expertise can affect adoption and project quality.
Price Volatility of Raw Materials:
Fluctuating steel prices can impact profitability and cost predictability for manufacturers and contractors.
Competition from Alternative Materials:
Concrete tiles, clay tiles, and composite shingles continue to compete with steel roofing in various market segments.
Table of Contents
SECTION I: EXECUTIVE SUMMARY AND KEY HIGHLIGHTS
EXECUTIVE SUMMARY
• Market Overview
• Key Findings
• Market Segmentation
• Competitive Landscape
• Challenges and Opportunities
• Future Outlook
SECTION II: SCOPING, METHODOLOGY AND MARKET STRUCTURE
SECTION III: QUALITATIVE ANALYSIS
SECTION IV: QUANTITATIVE ANALYSIS
SECTION V: COMPETITIVE ANALYSIS
LIST Of tables
LIST Of figures
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