Commercial Roofing Market - Global Industry Size, Share, Growth, Trends Analysis For 2024

Global Commercial Roofing Market: Overview

Commercial roofing encompasses a plethora of roofing solutions applied on a building’s exterior structure. These solutions are usually made from diverse materials such as rubber, asphalt, stone slabs, woods, and asbestos. Besides these, roofing products made from rubber shingle, asphalt shingle, and wood shingle are also manufactured. They find use in hotels, malls, offices, and medical centers.

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The report presents a comprehensive overview of the global commercial roofing market, covering the various growth drivers, major restraints, and key threats and opportunities. It conducts manufacture cost structure analysis and supply chain analysis, to gauge the prospects for the leading players in the global commercial roofing market. The report also includes plentiful information gauging the opportunities for the new players. For instance, it includes the results of investment feasibility analysis, helping the newer companies understand the prevailing market dynamics better.

Global Commercial Roofing Market: Trends and Opportunities

The commercial roofing market is a crucial part of the construction industry, despite being among the most affected segments during the economic downturn. Overall the market witnessed positive opportunities in the last few years, however, it is currently witnessing challenges in meeting recent energy conservation guidelines. The implementation of stringent building codes across the leading economies also threatened the market’s expansion to an extent. In order to meet the property owner expectation, manufacturers are focusing on developed high-performance commercial roofing materials with better reflectivity and insulation features.

The market is forecast to gain considerably from the expanding construction industry. The rising disposable income of consumers and increasing commercialization are other factors foretold to complement growth of the global commercial roofing market. Despite witnessing an overall positive trajectory, fluctuating prices of certain sources of energy used during the manufacturing process could limit the market’s growth scope. For instance, the volatile crude oil prices are identified as key restraints for the market.

Nevertheless, the increasing use of roofing products in the construction of green building holds immense opportunities for the market. Advanced commercial roofing products are demanded at an increasing rate because they are thought to have comparatively lower environmental impact, and are therefore are the chief drivers of the recent changes in the process of designing buildings. Other restraints and opportunities besides the ones aforementioned and those projected to have a profound impact on the global commercial roofing market is studied in detail.

Global Commercial Roofing Market: Regional Outlook

Regionally, Asia Pacific, North America, Europe, and Rest of the World comprise the key market segments. Among these regions, the market in North America is expected to witness the highest demand for commercial roofing, trailed by Europe. However, the expanding construction market in emerging nations such as India and China, has resulted into a higher market penetration in Asia Pacific.

The report studies in detail, the various factors contributing towards the market’s expansion across the aforementioned regions. Besides this, the impact of their respective laws on the commercial roofing market is determined as well. Based on in-depth research, the most lucrative markets as well as the emerging ones are identified. In order to present a refined outlook, the report also analyzes the prevailing market restraints.

Global Commercial Roofing Market: Vendor Landscape

In order to study the market’s vendor landscape, the report includes profiles of some of the leading companies operating therein. It also conducts SWOT analysis on them to gauge the strengths and weaknesses of the companies profiled. The analysis also provides a round-up of the opportunities and threats that these companies are likely to witness over the course of the report’s forecast period.

Some of the most prominent enterprises operating in the global commercial roofing market are CertainTeed Corporation, Roofscapes Inc., Atlas Roofing, Weston Solutions Inc., Genflex Roofing Sytems, and Building Products of Canada.

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