Roofing Market by Revenue Gross Margin Market Share Manufacturing Process Analysis To 2022

Market Overview:

Roofing is the outer most layer of the building which holds great importance in the construction. The roof displays various properties depending on the material used and the type of roofing. The key drivers of global roofing market are the surge in real-estate investment, increased renovation & remodeling, increased awareness about eco-friendly roofing and technological advancement. The growth in population with the increasing disposable income has resulted in changing life styles. This is related to the need for building remodeling and renovation of the existing properties. This is backed by the awareness among the consumers about the high-quality and eco-friendly roofing technology.

The share of bituminous/asphalt roofing by roofing products accounts for the largest share in the market. The segment contributed more than 40% in 2015 to the total market. It is expected to show similar trends by the end of the forecasted period. The share is attributed to the cost effective and ease of installation properties of the roofing style. On the basis of application, Non-residential segment holds the largest share. The segment accounts for close to 37% of the market in 2015. The market is fueled majorly by the demand arising out of industrial and infrastructure market. The global roofing market size is expected to cross USD 150 Billion at CAGR of approximately 4% by 2022.

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Market Growth Influence:

Roofing is used extensively in the outer layers of the building & construction. The increased importance of roofing can be owed to the increased aesthetic values and the availability of various roofing products. Today, the roof can match any architectural style and are designed to match the durability and energy saving practices.

The availability of roofing products in many variants and range across the globe has definitely fueled the popularity of these. Additionally the advancement of technology in the same has enabled the average population to purchase cost effective and durable roofing solutions. The region of APAC is seen investing a lot in real-estate and infrastructure to support the increasing population and urbanization. Such moves have led to the increased demand for such roofing options across the region.

The market is highly driven by the increased awareness among the consumers about the eco-friendly roofing methods. This is stimulated further by the stringent government regulations to install energy saving and eco-friendly roofing systems in the regions of North America and Europe. The global roofing market is expected to cross USD 150 Billion by the end of 2022, growing at a CAGR of 4% in the forecasted period.

Scope of the report:

This study provides an overview of the global roofing industry, tracking two market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia Pacific, and Rest of the World. The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global roofing market as roofing products and application. On the basis of roofing products it is segmented as bituminous/asphalt, elastomeric, metal, tile, built-up, and others. On the basis of application it is segmented as residential, commercial, industrial and others.

Key Players:

Atlas Roofing Corporation,
Owens Corning,
Duro-Last Roofing. Inc.,
CertainTeed Corporation,
Braas Monier Building Group Services GmbH,
GAF,
Johns Manville,
IKO Industries Ltd.,
Firestone Building Products Company
TAMKO Building Products Inc.

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