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

Hit the roof: Favourable eco-friendly tax measures from government sources will stimulate the industry

Roofing, siding and insulation wholesalers in Canada distribute roofing, siding and insulation products that are used to construct and renovate structures. Throughout 2023, the industry has benefited from positive trends in residential construction activity and from solid growth in the renovation and remodelling markets. Consequently, revenue has grown at a CAGR of 4.4% over the past five years and is expected to total $21.1 billion in 2023, when revenue will fall an estimated 2.8% in 2023 alone. Despite the adverse economic conditions from the pandemic, the industry's profit margin is expected to remain relatively stagnant as operators serve a wide range of downstream markets. Operators in this industry wholesale nonwood roofing, siding and insulation materials. These products are typically sold directly to building contractors, large hardware chains and independent hardware stores. 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.