DUBLIN–(BUSINESS WIRE)–The “Roofing – Global Strategic Business Report” report has been added to ResearchAndMarkets.com’s offering.
The global roofing market, valued at $78 billion in 2022, is projected to grow to $116.4 billion by 2030, at a compound annual growth rate (CAGR) of 5.1% during the forecast period from 2022 to 2030.
The market analysis highlights key segments, including asphalt shingles and metal roofing, which are expected to experience substantial growth.
Market Trends and Opportunities
- Asphalt Shingles Growth: The asphalt shingles segment is projected to record a 4.9% CAGR, reaching $35.8 billion by the end of the analysis period. Asphalt shingles are a popular roofing choice due to their cost-effectiveness and durability.
- Metal Roofing Expansion: The metal roofing segment is estimated to grow at a CAGR of 6.1% over the next eight years. Metal roofing offers long-term performance and is increasingly chosen for its sustainability and energy efficiency.
Regional Insights
- U.S. Market: The roofing market in the U.S. is estimated at $18 billion in 2022.
- China’s Growth: China, the world’s second-largest economy, is forecast to reach a market size of $26 billion by 2030, with a CAGR of 6.6% during 2022-2030.
- Other Noteworthy Markets: Japan and Canada are expected to grow at 3.6% and 4.3%, respectively, over the 2022-2030 period. Germany, within Europe, is forecast to grow at approximately 4.3% CAGR.
Key Competitors
The roofing market features 128 featured competitors. Some of the key players include:
- Carlisle Companies, Inc.
- Atlas Roofing Corporation
- American Hydrotech, Inc.
- Axter Ltd.
- ARTWOOD SRL
- Alton Industrial Pty Limited
- Arkistruct Pty Ltd
- Blachotrapez
- Architectural Panels Pty Ltd
- Asc Profiles, Inc.
- Bilka Steel SRL
- Alliance Design and Development Group, Inc.
- Agway Metals Inc.
- Boato International S.P.A. Con Socio Unico
- Aluform System GmbH & Company KG
Key Topics Covered:
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
- Perennial Need for Roofing in Buildings Drives Healthy Demand for Roofing Materials
- Major Roofing Technology Trends Summarized
- Dark and Reflective Surfaces
- Fireproof Roofing
- Green Roofing
- Insulated Roofing
- Cool Roofing
- Building-Integrated Photovoltaics (BIPV)
- Solar Roofing
- Living Roof
- Metal Roofing
- Roofing Colors
- Roofing Tiles
- Slate Roof
- TPO Single-Ply Roofing Membranes
- Elastomeric and Plastic Roofing
- Flat Roofs
- Membranes-based Flat Roofing
- Seamless Gutter
- Rising Significance of Environment-Friendly and Technologically-Advanced Roofing Solutions: The Fundamental Growth Driver
- Sustainable Roofing Solutions Gain Popularity
- Concerns over Increasing Heat and Smog in Urban Centers Necessitate Advanced Roofing Solutions
- A Glance at Select Environment-Friendly Options for Roofing Materials
- Surge in Energy Consumption and the Resultant Need for Energy Efficient Roofing Drives Demand for Insulated Roofs
- Projected Global Energy Consumption in Quad Btu: 2015, 2020, 2025, 2030, 2035, 2040, 2045 and 2050
- Projected Global Demand for Electricity (MWh) for the Years 2015, 2020, 2025, 2030 & 2035
- US Energy Consumption by Sector (in Trillion Btu) for the Period 2015-2019
- Climate Change and Increasing Global Temperatures Fuel Demand for Roof Insulation
- Growing Need to Achieve Sustainability and Cost Savings Propels Demand for Green Building Materials
- Green Roofing Technologies Offer Huge Untapped Market Potential
- Solar Ready Roofs
- Energy-Efficient Asphalt Shingles
- Reflective Roof Coatings
- Lighter Roofing Shades Find Favor
- Despite Competition from Alternative Roofing Materials, Asphalt Shingles Continue to Maintain the Lead
- Innovations in Asphalt Roofing Support Segment Growth
- Hybrid Asphalt Roof Systems Find Widespread Application
- Shingle Recycling Gathers Momentum
- Newer Roofing Alternatives Emerge as Replacements for Conventional Materials
- Recyclability, Sound-Proof and Durability Attributes Drive Widespread Adoption of Rubber Roofing
- Recycled Rubber Roofing Shingles Emerge as Eco-Friendly and Cost Effective Options
- Select Rubber Roofing Systems for Commercial and Residential Buildings
- Rubber Roofing Shingles Make the Process of Roof Repair Easier
- Rubber Roofing Types for Various Buildings
- Longer Life, Fireproof, and Multiple Other Benefits Support Demand for Metal Roofing
- Production Process of Metal Roofs
- Training and Field Supervision Gain Importance
- Roofing Tiles Market: Residential Construction Activity Determines Growth Trends
- Concrete: A Timeless Roofing Material
- Built-Up Roofing Systems Face Various Operational, Technological, and Economic Hurdles
- Myriad Benefits Drive Demand for Fiberglass Roofing Solutions
- Cold Applied Roofing System: An Ideal Option in High-Rise Buildings
- Cold-Liquid-Applied Membranes: The Next Generation Roof Waterproofing Technology
- Demographic and Economic Trends Influence Roofing Demand Dynamics
- Urbanization Trend
- World Urban Population in Thousands: 1950-2050P
- Degree of Urbanization Worldwide: Urban Population as a % of Total Population by Geographic Region for the Years 1950, 1970, 1990, 2018, 2030 and 2050
- Percentage of Urban Population in Select Countries for 2018, 2020, 2030, 2040 and 2050
- Ballooning Global Population
- World Population (in Thousands) by Geographic Region for the Years 2019, 2030, 2050, 2100
- Top Countries Worldwide in Terms of Population in Millions for the Years 1990, 2019 and 2050
- Burgeoning Middle Class Population
- Global Middle Class Population (In Million) by Region for the Years 2020, 2025 and 2030
- Global Middle Class Spending (US$ Trillion) by Region for the Years 2020, 2025, 2030
- Innovations & Technology Advancements Transform Roofing Landscape
- Advancements in Shingles Drive Considerable Improvements in Efficiency, Aesthetics and Ease of Installation
- Recent Innovations in Asphalt Roofing Systems
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
IV. COMPETITION
For more information about this report visit https://www.researchandmarkets.com/r/hzhnq0
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