Roofing Market Size, Share, Industry Trends and Forecast to 2033
This report provides a comprehensive analysis of the roofing market, covering market trends, sizes, growth projections, and key players from 2023 to 2033, thereby delivering valuable insights for stakeholders in the industry.
| Metric | Value |
|---|---|
| Study Period | 2023 - 2033 |
| 2023 Market Size | $60.00 Billion |
| CAGR (2023-2033) | 4.8% |
| 2033 Market Size | $96.81 Billion |
| Top Companies | GAF Materials Corporation, Owens Corning, CertainTeed, TPO Roofing Association, Boral Roofing |
| Last Modified Date | 15 Nov 2024 |
Roofing Market Report (2023 - 2033)
Roofing Market Overview
What is the Market Size & CAGR of the Roofing market in 2023?
Roofing Industry Analysis
Roofing Market Segmentation and Scope
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Roofing Market Analysis Report by Region
Europe Roofing Market Report:
Europe's roofing market is expected to grow from $17.21 billion in 2023 to $27.77 billion by 2033. Regulatory pushes for energy-efficient buildings and a preference for premium roofing materials drive this market, especially in Western European countries.Asia Pacific Roofing Market Report:
The Asia Pacific region is witnessing rapid growth in the roofing market, with estimates suggesting a market size of $11.98 billion in 2023, expected to rise to $19.32 billion by 2033. This growth is fueled by urbanization, increasing disposable incomes, and significant investments in construction projects across countries like China, India, and Japan.North America Roofing Market Report:
North America remains a significant contributor to the roofing market, with the market size projected to grow from $21.55 billion in 2023 to $34.76 billion by 2033. The U.S. leads in demand due to a robust construction sector and a trend towards energy-efficient and sustainable roofing solutions.South America Roofing Market Report:
In South America, the roofing market is projected to expand from $4.24 billion in 2023 to $6.83 billion by 2033. The growth trajectory is attributed to a surge in residential construction projects and a rising preference for durable roofing solutions amidst climatic challenges.Middle East & Africa Roofing Market Report:
The Middle East and Africa region displays promising growth, with the market size anticipated to increase from $5.03 billion in 2023 to $8.11 billion by 2033. Urbanization, coupled with an increase in infrastructure projects, is a key factor contributing to this growth.Request a custom research report for industry.
Roofing Market Analysis By Material
Global Roofing Market, By Material Type Market Analysis (2023 - 2033)
The material type segment includes asphalt shingles, metal roofing, tile roofing, wood roofing, and flat roofing. Asphalt shingles dominate the market, comprising 43.12% of the total share in 2023 and projected to grow from $25.87 billion to $41.74 billion by 2033. Metal roofing, known for its durability, holds a 20.47% share and is growing steadily. It will rise from $12.28 billion to $19.82 billion during the same period, while tile and wood roofing also contribute to significant market portions.
Roofing Market Analysis By Application
Global Roofing Market, By Application Market Analysis (2023 - 2033)
The roofing market also segments by application, including residential, commercial, and institutional roofing. Residential roofing constitutes a considerable portion, with 63.57% of market share, growing from $38.14 billion to $61.54 billion by 2033. Commercial roofing follows with a 26.2% share, increasing from $15.72 billion to $25.36 billion, driven by a rise in commercial construction projects and renovations.
Roofing Market Analysis By Installation Type
Global Roofing Market, By Installation Type Market Analysis (2023 - 2033)
Installation types are classified into new construction, re-roofing, and maintenance and repair. New construction currently holds 63.57% of market share, growing from $38.14 billion to $61.54 billion by 2033, while re-roofing and repair services constitute the rest, highlighting ongoing demand for roof upgrades and maintenance.
Roofing Market Analysis By End User
Global Roofing Market, By End-User Market Analysis (2023 - 2033)
End-user segmentation captures contractors, building owners, and developers. Contractors occupy 63.57% of the market share, expected to grow from $38.14 billion to $61.54 billion by 2033. Building owners hold 26.2% share, while developers are anticipated to increasingly influence the market as they pursue sustainable building practices and innovative materials.
Roofing Market Trends and Future Forecast
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Global Market Leaders and Top Companies in Roofing Industry
GAF Materials Corporation:
GAF is North America's largest roofing manufacturer, known for its comprehensive range of roofing solutions, including residential and commercial roofing products.Owens Corning:
A leader in insulation and roofing materials, Owens Corning offers a variety of innovative products designed to improve energy efficiency and enhance home aesthetics.CertainTeed:
A subsidiary of Saint-Gobain, CertainTeed specializes in residential and commercial roofing products, particularly known for its high-quality asphalt shingles.TPO Roofing Association:
A key player in promoting TPO roofing systems, this association focuses on education and advocacy, driving the adoption of energy-efficient roofing technologies.Boral Roofing:
Boral Roofing leads in clay and concrete tiles, renowned for their durability and long-lasting performance in various environments.We're grateful to work with incredible clients.
