Roofing, Siding & Insulation Wholesaling in the US - Industry Market Research Report

On the side: Lingering supply chain challenges and inflationary pressures will increase operational costs

Roofing, siding and insulation wholesalers sell building materials to general contractors and other professionals who construct, renovate or repair residential and commercial buildings. Despite strong demand from key markets, inflationary and supply chain pressures have affected profit. Recent economic uncertainty has caused revenue to decrease at an annualized 0.5% over the past five years and is expected to total $60.4 billion in 2023, when revenue will drop an estimated 7.6% in 2023. Further, profit will reach 1.8% in 2023 as well. This industry generates most of its revenue from the renovation and remodeling market, contributing to its rapid expansion over the past five years because it is less cyclical than the new construction market. In addition to various factors such as housing, economic and climatic factors, remodeling costs are primarily bolstered by the aging stock of US houses. This industry wholesales nonwood roofing, siding and insulation material, including asphalt shingles, metal roofing, tarred felt and vinyl siding. These products are primarily used for residential and nonresidential remodeling and renovation. This industry does not wholesale wood roofing or wood siding material. This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.