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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.
Market FAQs
What is the market size of the Roofing industry?
The global roofing market size was valued at $92.90 billion in 2020 and is projected to reach $132.53 billion by 2028, growing at a CAGR of 4.5% from 2021 to 2028.
What are the key market players or companies in the Roofing industry?
Some of the key market players in the roofing industry include Owens Corning, CertainTeed Corporation, GAF Materials Corporation, Beacon Roofing Supply, and Carlisle Companies Inc.
What are the primary factors driving the growth in the Roofing industry?
The primary factors driving the growth in the roofing industry include increasing construction activities, rising demand for energy-efficient roofing solutions, technological advancements in roofing materials, and growing awareness about environmental sustainability.
Which region is identified as the fastest-growing in the Roofing industry?
Asia Pacific is identified as the fastest-growing region in the roofing industry due to rapid urbanization, industrialization, and infrastructural development in countries like China and India.
Does ConsaInsights provide customized market report data for the Roofing industry?
Yes, ConsaInsights provides customized market report data for the roofing industry tailored to the specific needs and requirements of clients.
What deliverables can I expect from this Roofing market research report?
Some of the deliverables you can expect from the roofing market research report include market size and forecast, competitive analysis of key players, market trends and dynamics, growth drivers and challenges, Porter's Five Forces analysis, and strategic recommendations for stakeholders.