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 November 2024 |
Roofing Market Overview
What is the Market Size & CAGR of the Roofing market in 2023?
Roofing Industry Analysis
Roofing Market Segmentation and Scope
Request a custom research report for industry.
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 (2024 - 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 (2024 - 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 (2024 - 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 (2024 - 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
Request a custom research report for industry.
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.
Related Industries
FAQs
What is the market size of roofing?
As of 2023, the global roofing market is valued at approximately $60 billion, with a projected compound annual growth rate (CAGR) of 4.8% through 2033. This steady growth reflects increasing construction activities and maintenance demand.
What are the key market players or companies in the roofing industry?
Key players in the roofing industry include brands like GAF Materials Corporation, CertainTeed, Owens Corning, and Tamko Building Products. These companies lead in product innovation and market reach, significantly influencing industry dynamics.
What are the primary factors driving the growth in the roofing industry?
Growth in the roofing industry is driven by urbanization, increasing residential and commercial construction, and heightened demand for energy-efficient roofing solutions. Moreover, climate resilience is pushing innovations in roofing materials.
Which region is the fastest Growing in the roofing market?
Currently, the North American roofing market is experiencing the fastest growth, with revenue expected to rise from $21.55 billion in 2023 to $34.76 billion by 2033. Europe's market also shows significant growth potential.
Does ConsaInsights provide customized market report data for the roofing industry?
Yes, ConsaInsights offers customized market reports for the roofing industry, tailoring insights and data to meet specific client needs, aiding businesses in strategic decision-making.
What deliverables can I expect from this roofing market research project?
Anticipate comprehensive deliverables including market size data, growth forecasts, competitor analysis, regional insights, and tailored recommendations, providing a complete overview of market dynamics.
What are the market trends of roofing?
Current roofing market trends showcase an increasing shift toward sustainable materials, advanced technology in roofing systems, and a growing emphasis on energy efficiency, responding to both consumer preferences and regulatory frameworks.