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US Residential Roofing Market 2022-2030

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    Report

  • 218 Pages
  • February 2022
  • Region: United States
  • The Freedonia Group
  • ID: 5157315

Metal Roofing, Solar Roofing, & Roofing Tile Will Post the Largest Demand Increases

This industry study analyzes the 180.7 million squares US residential roofing industry. It presents historical demand data (2010, 2015, and 2020) and forecasts (2025 and 2030) by product (asphalt shingles, metal roofing, bituminous roofing, roofing tile, wood shingles and shakes, and other roofing products), by application (new and reroofing), by housing type (single-family, multifamily, and manufactured housing) and US geographic region.

Although residential roofing demand in area terms is expected to expand only minimally to 183.8 million squares in 2025, demand in value terms is expected to climb at a rapid 8.2% annually to $15 billion.

Strong growth in average prices will drive gains in value terms as:

  • The prices of petroleum and related products have increased sharply (from a low 2020 base), which will drive up the price of asphalt shingles and bituminous low-slope membranes.
  • Homeowners and homebuilders are choosing generally more expensive products that offer superior performance and aesthetic properties, such as laminated asphalt shingles, solar roofing, and metal roofing.

The much more modest increase in the amount of roofing actually installed is because:

  • Housing starts will decline from 2022 to 2025 following a significant increase in 2021 from a high 2020 base, limiting associated roofing sales growth.
  • Storm-related roof repair and replacement projects were high in 2020 due in part to multiple severe weather events - these roofs will generally not require additional work in the near term.

Smaller New Roofing Segment Will Account for the Larger Share of Overall Market Gains

While both new and reroofing demand will slow considerably from rates of the 2015-2020 period, new roofing - particularly construction of single-family homes - will account for about twice as many gains as reroofing. Housing starts rose sharply in 2021 from an already high 2020 base as builders took advantage of people’s desire to escape urban cores severely affected by COVID-19 and increased construction of homes in suburban and exurban areas. While housing starts will retreat from their high 2021 level by 2025, overall new housing activity will remain elevated, sustaining new roofing demand.

The reroofing market will continue to account for nearly 80% of the demand total, but growth through 2025 will be limited by the large number of older or worn roofs that were repaired or replaced in 2020 due to:

  • the sizable amount of home improvement activity that occurred that year
  • a number of severe weather events in the second half of 2020 (especially in the South) that caused widespread roof damage

Metal Roofing, Solar Roofing, & Roofing Tile Will Post the Largest Demand Increases

Metal roofing, solar roofing, and roofing tile are types of roofing products that will see the healthiest sales. Suppliers of metal roofing and roofing tile will benefit from their products’ superior resistance to severe weather events (particularly uplift caused by high winds), long product lifespans, favorable aesthetics, and ability to serve as cool roofing. Demand for solar roofing will expand at a robust rate from a small existing sales base because of California’s adoption of building codes requiring nearly all newly built and substantially renovated structures to generate as much energy as they use.

Table of Contents

1. Executive Summary
2. About This Report
  • Report Details
  • Market Scope & Product Description
  • Impact of COVID-19 Pandemic on Residential Roofing
3. Overview
  • Historical Market Trends
  • Supply & Demand
  • Products Overview
  • Area Demand
  • Value Demand
  • Pricing Trends
4. Factors Impacting Roofing Demand
  • New Housing Construction Trends
  • Age of Building Stock
  • Weather & Climate
  • Roof Slope: Low Slope or Steep Slope
  • Installation Issues
  • Comparative Installation Costs
  • Availability of Trained Labor
  • Jobsite Safety
  • Evolving Building Codes
  • Insurer Requirements
  • Sustainability Initiatives
  • Recycling & Recycled Content
  • Cool Roofing
  • Energy Efficiency (LEED & Energy Star)
  • Roofing Product Lifespans
5. Asphalt Shingles
  • Definition & Scope
  • Products
  • Demand by Type
  • Standard Laminated Shingles
  • High-Performance Laminated Shingles
  • Three-Tab Shingles
  • New Construction vs. Reroofing
  • Regional Trends
  • Market Share
6. Metal Roofing
  • Definition & Scope
  • Products
  • Demand by Product Type
  • Standing Seam
  • Shingles, Shakes, & Tiles
  • Corrugated Panel & Other Metal Roofing
  • New Construction vs. Reroofing
  • Regional Trends
  • Market Share
7. Bituminous Roofing
  • Definition & Scope
  • Demand by Roofing System Type
  • Consumption by Product Type
  • Standard Roofing Felts
  • Polymer Modified Bitumen Membranes
  • New Construction vs. Reroofing
  • Regional Trends
  • Market Share
8. Roofing Tile
  • Definition & Scope
  • Products
  • Demand by Product Type
  • Concrete Tile
  • Clay & Porcelain Tile
  • New Construction vs. Reroofing
  • Regional Trends
  • Market Share
9. Wood Shingles & Shakes
  • Definition & Scope
  • Products
  • Demand by Product Type
  • Wood Shingles
  • Wood Shakes
  • New Construction vs. Reroofing
  • Regional Trends
  • Market Share
10. Other Residential Roofing
  • Definition & Scope
  • Products
  • Demand by Product Type
  • Natural Slate
  • Composite
  • Solar Roofing
  • All Other Residential Roofing
  • New Construction vs. Reroofing
  • Regional Trends
  • Leading Suppliers
11. Applications (New vs. Reroofing)
  • Demand by Application
  • New Construction
  • Demand by Product
  • Demand by Housing Type
  • Demand by Region & Subregion
  • Reroofing
  • Age vs. Weather-Related Demand
  • Demand by Product
  • Demand by Housing Type
  • Demand by Region & Subregion
12. Housing Types
  • Demand by Housing Type
  • Single-Family Housing
  • Demand by Application & Product
  • Demand by Region & Subregion
  • Multifamily Housing
  • Demand by Application & Product
  • Demand by Region & Subregion
  • Manufactured Housing
  • Demand by Application & Product
  • Demand by Region & Subregion
13. Regional Trends
  • Residential Roofing Demand by Region
  • Area Demand Outlook
  • Value Demand Outlook
  • Northeast
  • New England: Residential Roofing Market Size & Historical Trends
  • New England: Residential Roofing Demand by Application & Product
  • Middle Atlantic: Residential Roofing Market Size & Historical Trends
  • Middle Atlantic: Residential Roofing Demand by Application & Product
  • Midwest
  • East North Central: Residential Roofing Market Size & Historical Trends
  • East North Central: Residential Roofing Demand by Application & Product
  • West North Central: Residential Roofing Market Size & Historical Trends
  • West North Central: Residential Roofing Demand by Application & Product
  • South
  • South Atlantic: Residential Roofing Market Size & Historical Trends
  • South Atlantic: Residential Roofing Demand by Application & Product
  • East South Central: Residential Roofing Market Size & Historical Trends
  • East South Central: Residential Roofing Demand by Application & Product
  • West South Central: Residential Roofing Market Size & Historical Trends
  • West South Central: Residential Roofing Demand by Application & Product
  • West
  • Mountain: Residential Roofing Market Size & Historical Trends
  • Mountain: Residential Roofing Demand by Application & Product
  • Pacific: Residential Roofing Market Size & Historical Trends
  • Pacific: Residential Roofing Demand by Application & Product
14. Key Suppliers & Market Share
  • Industry Composition
  • Market Share
  • Mergers & Acquisitions
  • Distribution Overview
  • Distribution Channels
  • Leading Distributors
15. Appendix
  • Scope
  • Definitions
  • Methodology
  • Study-Specific Methodology
  • Sources
  • Associations & Agencies
  • Related Studies & Reports
  • Macroeconomic Assumptions
  • Economic Environment
  • Demographics
  • Consumer Spending
  • Consumer Financing
  • Residential Building Construction
  • Housing Starts
  • Housing Stock
  • Residential Improvements & Repairs
List of Tables
2. About This Report
Table 2-1 Annual Residential Roofing Demand: New vs. Reroofing, 2019-2022 (million squares & million dollars)
3. Overview
Table 3-1 Residential Roofing Demand, 2010-2021 (million squares)
Table 3-2 Residential Roofing Supply & Demand, 2010-2030 (million dollars)
Table 3-3 Residential Roofing Demand by Product, 2010-2030 (million squares)
Table 3-4 Residential Roofing Demand by Product, 2010-2030 (million dollars)
Table 3-5 Residential Roofing Average Price by Product Type, 2010-2030 (dollars per square)
4. Factors Impacting Roofing Demand
Table 4-1 Residential Roofing Stock by Housing Type, 2010-2030 (million squares)
Table 4-2 Weather-Related Residential Reroofing Demand, 2010-2030 (million squares)
Table 4-3 Residential Roofing Demand by Slope, 2010-2030 (million squares)
Table 4-4 Selected Residential Roofing Product Installation Costs, 2010-2030 (dollars per square)
5. Asphalt Shingles
Table 5-1 Residential Asphalt Shingle Demand by Type, 2010-2030 (million squares & million dollars)
Table 5-2 Residential Standard Laminated Shingle Demand by Application, 2010-2030 (million squares & million dollars)
Table 5-3 Standard Laminated Asphalt Shingles: Advantages & Disadvantages
Table 5-4 Residential High-Performance Laminated Shingle Demand by Application, 2010-2030 (million squares & million dollars)
Table 5-5 Residential Three-Tab Shingle Demand by Application, 2010-2030 (million squares & million dollars)
Table 5-6 Three-Tab Asphalt Shingles: Advantages & Disadvantages
Table 5-7 Asphalt Shingle Demand: New Construction vs. Reroofing, 2010-2030 (million squares)
Table 5-8 Residential Asphalt Shingle Demand by Region & Subregion, 2010-2030 (million squares)
6. Metal Roofing
Table 6-1 Low- & Steep-Slope Metal Roofing: Product Differences
Table 6-2 Residential Metal Roofing Demand by Product, 2010-2030 (million squares & million dollars)
Table 6-3 Residential Standing Seam Metal Roofing Demand by Application, 2010-2030 (million squares & million dollars)
Table 6-4 Residential Metal Shingle, Shake, & Tile Roofing Demand by Application, 2010-2030 (million squares & million dollars)
Table 6-5 Other Residential Metal Roofing Demand by Application, 2010-2030 (million squares & million dollars)
Table 6-6 Metal Roofing Demand: New Construction vs. Reroofing, 2010-2030 (million squares)
Table 6-7 Residential Metal Roofing Demand by Region & Subregion, 2010-2030 (million squares)
7. Bituminous Roofing
Table 7-1 Residential Bituminous Roofing Demand by System Type, 2010-2030 (million squares)
Table 7-2 Residential Bituminous Roofing Consumption by Product, 2010-2030 (million squares & million dollars)
Table 7-3 Residential Standard Roofing Felts Consumption by Application, 2010-2030 (million squares & million dollars)
Table 7-4 Residential Modified Bituminous Membrane Demand by Type & Application, 2010-2030 (million squares & million dollars)
Table 7-5 Residential Bituminous Roofing Demand: New Construction vs. Reroofing, 2010-2030 (million squares)
Table 7-6 Residential Bituminous Roofing Demand by Region & Subregion, 2010-2030 (million squares)
8. Roofing Tile
Table 8-1 Residential Roofing Tile Demand by Product, 2010-2030 (million squares & million dollars)
Table 8-2 Residential Concrete Roofing Tile Demand by Application, 2010-2030 (million squares & million dollars)
Table 8-3 Residential Clay & Porcelain Roofing Tile Demand by Application, 2010-2030 (million squares & million dollars)
Table 8-4 Residential Roofing Tile Demand: New Construction vs. Reroofing, 2010-2030 (million squares)
Table 8-5 Residential Roofing Tile Demand by Region & Subregion, 2010-2030 (million squares)
9. Wood Shingles & Shakes
Table 9-1 Residential Wood Shingle & Shake Roofing Demand by Product, 2010-2030 (million squares & million dollars)
Table 9-2 Residential Wood Shingle Roofing Demand, 2010-2030 (million squares & million dollars)
Table 9-3 Residential Wood Shake Roofing Demand, 2010-2030 (million squares & million dollars)
Table 9-4 Residential Wood Shingle & Shake Roofing: New Construction vs. Reroofing, 2010-2030 (million squares)
Table 9-5 Residential Wood Shingle & Shake Roofing Demand by Region & Subregion, 2010-2030 (million squares)
10. Other Residential Roofing
Table 10-1 Other Residential Roofing Demand by Product, 2010-2030 (million squares & million dollars)
Table 10-2 Other Residential Roofing Demand: New Construction vs. Reroofing, 2010-2030 (million dollars)
Table 10-3 Other Residential Roofing Demand by Region & Subregion, 2010-2030 (million squares)
11. Applications (New vs. Reroofing)
Table 11-1 Residential Roofing Demand by Application, 2010-2030 (million squares)
Table 11-2 New Residential Roofing Demand by Product, 2010-2030 (million squares & million dollars)
Table 11-3 New Residential Roofing Demand by Housing Type, 2010-2030 (million squares)
Table 11-4 New Residential Roofing Demand by Region & Subregion, 2010-2030 (million squares)
Table 11-5 Residential Reroofing: Age-Related vs. Weather-Related Demand, 2010-2030 (million squares)
Table 11-6 Residential Reroofing Demand by Product, 2010-2030 (million squares & million dollars)
Table 11-7 Residential Reroofing Demand by Housing Type, 2010-2030 (million squares)
Table 11-8 Residential Reroofing Demand by Region & Subregion, 2010-2030 (million squares)
12. Housing Types
Table 12-1 Residential Roofing Demand by Housing Type, 2010-2030 (million squares)
Table 12-2 Single-Family Housing Roofing Demand by Application & Product, 2010-2030 (million squares)
Table 12-3 Single-Family Housing Roofing Demand by Region & Subregion 2010-2030 (million squares)
Table 12-4 Multifamily Housing Roofing Demand by Application & Product, 2010-2030 (million squares)
Table 12-5 Multifamily Housing Roofing Demand by Region & Subregion, 2010-2030 (million squares)
Table 12-6 Manufactured Housing Roofing Demand by Application & Product, 2010-2030 (million squares)
Table 12-7 Manufactured Housing Roofing Demand by Region & Subregion, 2010-2030 (million squares)
13. Regional Trends
Table 13-1 Residential Roofing Demand by Region, 2010-2030 (million squares)
Table 13-2 Residential Roofing Demand by Region, 2010-2030 (million dollars)
Table 13-3 New England: Residential Roofing Demand by Application & Product, 2010-2030 (million squares)
Table 13-4 Middle Atlantic: Residential Roofing Demand by Application & Product, 2010-2030 (million squares)
Table 13-5 East North Central: Residential Roofing Demand by Application & Product, 2010-2030 (million squares)
Table 13-6 West North Central: Residential Roofing Demand by Application & Product, 2010-2030 (million squares)
Table 13-7 South Atlantic: Residential Roofing Demand by Application & Product, 2010-2030 (million squares)
Table 13-8 East South Central: Residential Roofing Demand by Application & Product, 2010-2030 (million squares)
Table 13-9 West South Central: Residential Roofing Demand by Application & Product, 2010-2030 (million squares)
Table 13-10 Mountain: Residential Roofing Demand by Application & Product, 2010-2030 (million squares)
Table 13-11 Pacific: Residential Roofing Demand by Application & Product, 2010-2030 (million squares)
14. Key Suppliers & Market Share
Table 14-1 Selected Mergers & Acquisitions
15. Appendix
Table 15-1 Study Scope: US Geographic Regions & Subregions
Table 15-2 Relevant Industry Codes
Table 15-3 Relevant HS Codes
Table 15-4 Macroeconomic Indicators, 2010-2030 (billion 2012 dollars)
Table 15-5 Population & Households, 2010-2030 (million persons)
Table 15-6 Personal Consumption Expenditures, 2010-2030 (billion 2012 dollars)
Table 15-7 Consumer Financing Environment, 2010-2020
Table 15-8 Residential Building Construction Expenditures, 2010-2030 (billion 2012 dollars & billion dollars)
Table 15-9 New Housing Indicators, 2010-2030
Table 15-10 Housing Stock by Type, 2010-2030 (million units)
Table 15-11 Residential Improvement & Repair Expenditures, 2010-2030 (billion 2012 dollars & billion dollars)
List of Figures
1. Executive Summary
Figure 1-1 Residential Roofing Market Outlook
2. About This Report
Figure 2-1 Annual Residential Roofing Area Demand: New vs. Reroofing, 2018-2023 (% annual growth)
3. Overview
Figure 3-1 Residential Roofing Demand, 2000-2021 (million squares)
Figure 3-2 Residential Roofing Demand by Product, 2010-2030 (million squares)
Figure 3-3 Residential Roofing Demand by Product, 2010-2030 (million dollars)
Figure 3-4 Residential Roofing Average Price by Product, 2010-2030 (dollars per square)
4. Factors Impacting Roofing Demand
Figure 4-1 New Housing Construction by Housing Type, 2018-2025 (thousand units)
5. Asphalt Shingles
Figure 5-1 Residential Asphalt Shingle Demand by Type, 2010-2030 (million squares)
Figure 5-2 High-Performance Asphalt Shingles: Product Characteristics
Figure 5-3 Residential Asphalt Shingles Market Share by Company, 2020 (billion dollars)
6. Metal Roofing
Figure 6-1 Residential Metal Roofing Demand by Product, 2010-2030 (million squares)
Figure 6-2 Residential Metal Roofing Market Share by Company, 2020 (billion dollars)
7. Bituminous Roofing
Figure 7-1 Residential Bituminous Roofing Consumption by Product, 2010-2030 (million squares)
Figure 7-2 Residential Bituminous Roofing Market Share by Company, 2020 (million dollars)
8. Roofing Tile
Figure 8-1 Residential Roofing Tile Demand by Product, 2010-2030 (million squares)
Figure 8-2 Residential Roofing Tile Market Share by Company, 2020 (million dollars)
9. Wood Shingles & Shakes
Figure 9-1 Residential Wood Shingle & Shake Roofing Demand by Product, 2010-2030 (million squares)
Figure 9-2 Wood Shingles & Shakes Market Share by Company, 2020 (million dollars)
10. Other Residential Roofing
Figure 10-1 Other Residential Roofing Demand by Product, 2010-2030 (million squares)
11. Applications (New vs. Reroofing)
Figure 11-1 Residential Roofing Demand by Application, 2010-2030 (million squares)
Figure 11-2 Age-Related vs. Weather-Related Residential Reroofing Demand, 2010-2025 (million squares)
12. Housing Types
Figure 12-1 Residential Roofing Demand by Housing Type, 2010-2030 (million squares)
Figure 12-2 Single-Family Housing Roofing Demand by Product, 2010-2030 (million squares)
Figure 12-3 Multifamily Housing Roofing Demand by Product, 2010-2030 (million squares)
Figure 12-4 Manufactured Housing Roofing Demand by Product, 2010-2030 (million squares)
13. Regional Trends
Figure 13-1 New England: Residential Roofing Market
Figure 13-2 Middle Atlantic: Residential Roofing Market
Figure 13-3 East North Central: Residential Roofing Market
Figure 13-4 West North Central: Residential Roofing Market
Figure 13-5 South Atlantic: Residential Roofing Market
Figure 13-6 East South: Central Residential Roofing Market
Figure 13-7 West South Central: Residential Roofing Market
Figure 13-8 Mountain: Residential Roofing Market
Figure 13-9 Pacific: Residential Roofing Market
14. Key Suppliers & Market Share
Figure 14-1 Residential Roofing Market Share by Company, 2020 (billion dollars)
15. Appendix
Figure 15-1 New Housing Square Footage by Housing Type, 2005-2020
Figure 15-2 Housing Stock: Share by Year of Construction, 2020 (million units)

Samples

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Companies Mentioned

  • CertainTeed
  • GAF Materials
  • Owens Corning

Methodology

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