Press release
Key Factor Supporting Roofing Market Development in 2025: Role Of Increasing Infrastructure Development In Fueling Growth In The Roofing Market
Roofing
How Large Will the Roofing Market Size By 2025?
In the past few years, we have seen a sustained increase in the size of the roofing market. Predictions indicate a growth from $296.21 billion in 2024 to $306 billion in 2025, representing a compound annual growth rate (CAGR) of 3.3%. Factors contributing to the growth during the historic period include expansion in construction and real estate industries, urbanization patterns, weather and climate variables, prevailing architectural designs and trends, and the need for maintenance and replacement.
How Big Is the Roofing Market Size Expected to Grow by 2029?
The size of the roofing market is anticipated to experience constant expansion in the incoming years. The market is projected to escalate to $353 billion by 2029, with a CAGR of 3.6%. The growth within the forecast timeframe can be credited to practices that are both sustainable and environmentally-friendly, resilience against harsh weather conditions, advancements in roofing material production, energy efficiency mandates, as well as government legislation and building regulations. Key trends identified for the forecast period involve tailoring and aesthetic preferences in roof design, the implementation of eco-friendly roofing methods, the shift towards modular and lightweight roofing solutions, focus on weatherproof layers and sealants, and the use of modern technology in the installation and upkeep of roofs.
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Which Key Market Drivers Powering Roofing Market Expansion and Growth?
The growth of the roofing market is anticipated to be fueled by the escalation in infrastructure development. Infrastructure encompasses the creation of physical structures like bridges, highways, roads, and sewage systems, all of which necessitate roofing for protection against weather elements like rain, snow, sun rays, wind, and temperature fluctuations. For instance, TST Europe AG, a Switzerland-based machinery parts production company, revealed in June 2024 that the overall infrastructure construction expenditure in the United States in 2022 amounted to $1.84 trillion, experiencing a 7.4% growth to reach $1.98 trillion by 2023. Consequently, the growth of the roofing market is being propelled by the accelerated expansion in infrastructure development.
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What Trends Will Shape the Roofing Market Through 2029 and Beyond?
Emerging technological advancements have become a prominent trend within the roofing market. Major businesses in this market are prioritizing these technological innovations to maintain their market growth. For example, in January 2022, GAF, an American solar roof manufacturing company, introduced its latest product, Timberline Solar, utilizing solar roof technology. This innovation harnesses sunlight to generate energy usable for home applications. Its installation is user-friendly and highly cost-effective. With a clear future in clean energy, solar roofs represent, and Timberline Solar specifically underscores, revolutionary changes within the roofing market.
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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