Roofing Market Research Report 2019 published By Market Research Future, provides information on Global Roofing Industry Size, Share, Trends, Growth and Opportunity Assessment with Regional Analysis and Segmentation By Roofing (Asphalt, Tiles, Metal, Concrete, and Others), by Application (Commercial, Residential, and Industrial), by Region (North America, Europe, Asia-Pacific, and Rest of the World)—Forecast till 2023
The global roofing market is expected to register a 3.55% CAGR during the forecast period of 2018 to 2023.
The global roofing market is expected to witness substantial growth during the forecast period. Asia-Pacific accounted for the largest market share of 30.13% in 2017 due to the growth of the building & construction industry and the improvement in financial conditions in this region have led to the rise in the demand for roofing market. North America is estimated to be the second largest region for the roofing market due to the presence of several roof providers in the region, such as Atlas Roofing Corporation, BMI Group Services GmbH, and Carlisle Companies Inc.
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The rise in construction activities and increased use of synthetic roofing products are some of the major drivers for the growth of the global roofing market. Asia-Pacific accounted for 30.13% of the global roofing market in 2017, followed by North America with 26.04% of the global market share. In North America, market growth is significantly driven by the US and Canada. Increasing population and a growing number of foreign nationals are driving the roofing market in the US.
The key players in the global roofing market are-
- Atlas Roofing Corporation (US)
- BMI Group Services GmbH (US)
- Carlisle Companies Inc.(US)
- CertainTeed Corporation (US)
- Duro-Last, Inc.(US)
- Etex SA (Belgium)
- Firestone Building Products Company (US)
- GAF Materials Corporation (US)
- North American Roofing Services Inc.(US)
- Owens Corning (US)
- TAMKO Building Products Inc. (Tamko)(US)
- Wienerberger AG (Austria)
In March 2019, Atlas Roofing Corporation launched its StormMaster Core Enhanced Polymer Technology. It is focusing on offering this technology to its clients in North America.
In October 2018, Atlas Roofing Corporation introduced its Pinnacle Pristine Natural Expressions roofing shingles. They are available in a high-definition color palette, which comprises Coastal Granite, Copper Canyon, Majestic Shake, Morning Harvest, and Summer Storm.
In Dec 2017, Carlisle Companies Inc. spent USD 10.1 million on building a 42,000 square-foot research and development plant in Carlisle. This plant houses testing labs, support offices, and conference and collaboration spaces.
The global roofing market has been segmented based on roofing, application, and region. The roofing segments of the market are asphalt, tiles, metal, concrete, and others. By application, the market has been classified as commercial roofing, residential, and industrial.
- By Roofing: Asphalt, Tiles, Metal, Concrete, and Others
- By Application: Commercial Roofing, Residential, and Industrial
- By Region: North America, Europe, Asia-Pacific, the Rest of the World
The global roofing market has been segmented, by region, into Asia-Pacific, North America, Europe, and Rest of the World. Asia-Pacific accounted for the largest market share in 2017. Market growth is significantly driven by demand from the China and India. The growth of the building & construction industry and the improvement in financial conditions in this region have led to the rise in the demand for roofing. Moreover, industrialization and urbanization in emerging economies, such as China, India, and Japan boosting the growth of the roofing market. Hence, it is estimated that the roofing market in Asia-Pacific would register a CAGR of 3.99% during the forecast period.
The residential segment is expected to dominate the market.
Residential segment includes services, such as roof replacement and repair of roof shingles. The residential roofing segment is expected to witness significant growth owing to the rapid growth of the real estate industry in developing regions. Moreover, countries such as India and China have witnessed considerable growth in the construction of residential properties, which is further expected to stimulate the growth of the segment.
Key questions addressed by the report
- What was the historic market size (2017)?
- Which segmentation (Roofing/Application) is driving the market?
- What will be the growth rate from 2018 to 2023?
- Who are the key players in this market?
- What are the growth strategies adopted by the key players?
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Table of Contents
1 Executive Summary
2 Market Introduction
2.2 Scope of the Study
2.3 Market Structure
2.4 Key Takeaways
2.5 Macro Factor Indicators Analysis 17
2.6 List of Assumptions
3 Research Methodology
3.1 Research Process
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation
3.5 Forecast Model
4 Market Dynamics
4.2.1 Rise in Construction Activities
4.2.2 Increased Use of Synthetic Roofing Products
4.2.3 Drivers Impact Analysis
4.3.1 Fluctuating Raw Material Prices
4.3.2 Lack of Skilled Labor
4.3.3 Restraints Impact Analysis
4.4.1 Need for Energy-efficient Roofs
List of Tables
Table 1 Market Synopsis
Table 2 List of Assumptions
Table 3 Share of Top Five Countries Attracting Fdi Equity Inflows for Construction Development in India, 2000–2017 (Usd Million)
Table 4 Raw Material Prices, 2016-2018 (Usd)
Table 5 Global Roofing Market, by Roofing, 2016–2023 (Usd Million)
Table 6 Global Roofing Market, by Application, 2016–2023 (Usd Million)
Table 7 Global Roofing Market, by Region, 2018–2023 (Usd Million)
List of Figures
Figure 1 Global Roofing Market: Market Structure
Figure 2 Key Takeaways From the Global Roofing Market
Figure 3 Research Process of Mrfr
Figure 4 Top Down & Bottom-up Approach
Figure 5 Market Dynamics Overview
Figure 6 Annual Value of Private Construction Spending in the Us, 2010–2018 (Usd Million)
Figure 7 Drivers Impact Analysis: Global Roofing Market
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