Press release
Major Growth Driver Identified in 2025 Roofing Market: Role Of Increasing Infrastructure Development In Fueling Growth In The Roofing Market
Roofing Market
How Large Will the Roofing Market Size By 2025?
The size of the roofing market has been consistently expanding over the past few years. It's likely to witness an increase from $304.3 billion in 2024 to $318.4 billion in 2025, with a compounded annual growth rate (CAGR) of 4.6%. Factors contributing to this growth during the historic period include an uptick in construction and real estate development, urbanization patterns, changes in climate and weather situations, evolving architecture styles and tendencies, as well as maintenance and replacement demands.
How Big Is the Roofing Market Size Expected to Grow by 2029?
The market for roofing is poised for consistent expansion in the upcoming years, anticipating a rise to $370.41 billion by 2029 with a CAGR of 3.9%. This growth during the projected period can be credited to factors such as environmentally friendly and sustainable practices, resilience to severe weather conditions, advancements in roofing materials, energy efficiency standards, and government restrictions and construction codes. The forecasted period also highlights major trends like personalized and stylish roof designs, the adoption of eco-friendly roofing strategies, a transition towards lightweight and modular roofing options, focus on weather-resistant coatings and sealants, and the technological augmentation in the installation and maintenance of roofs.
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Which Key Market Drivers Powering Roofing Market Expansion and Growth?
Growth in the roofing market is anticipated to be fueled by escalating infrastructure expansion. Infrastructure entails the building of physical constructs like roads, bridges, highways, and sewage systems. The significance of roofing in construction can't be overstated, as it safeguards buildings from weather elements such as rain, snow, sunlight, intense winds and temperature fluctuations. To illustrate, TST Europe AG, a Swiss producer of machinery parts, reported that total U.S infrastructure construction expenditure in 2022 amounted to $1.84 trillion. This figure rose by 7.4% to $1.98 trillion in 2023. Thus, the thriving infrastructure development trend is a driving factor for the growth of the roofing market.
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Which Fast-Growing Trends Are Poised to Disrupt the Roofing Market?
The primary pattern emerging in the roofing market revolves around new technological advancements. Major firms in this industry are putting their efforts towards fresh technological ideas in order to stay competitive. Take GAF for instance, an American company that produces solar roofs. In January 2022, they unveiled their latest solar roof model, Timberline Solar, which utilizes solar roof technology. This system harnesses sunlight to produce energy, which can then be used in the home. The installation process is straightforward and it is highly cost-effective. As solar roofs revolutionize the clean energy landscape, Timberline Solar is set to be a significant innovative force in the marketplace.
What Are the Emerging Segments in 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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Who Are the Global Leaders 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.
Which are the Top Profitable Regional Markets for the Roofing Industry?
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.
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