Increasing number of construction and reconstruction projects in residential and commercial globally is a key factor driving market revenue growth.
Market Size - USD 130.75 Billion in 2020, Market Growth - CAGR of 2.9%, Market Trends - Rising investments for technological developments such as UV-resistant roofing systems by major players.
The global roofing systems market size is expected to reach USD 163.41 Billion in 2028, and register a CAGR of 2.9% during the forecast period. Rapid industrialization and urbanization has led to rising number of construction activities, growing trend of renovation of residential buildings, and reconstruction of infrastructure in various developed and developing countries are some of the major factors expected to drive growth of the global roofing systems market.
Primary factors driving market growth include growing global population, changing lifestyles, increasing spending capacity on real estate, and rising trend of house renovation, coupled with spreading awareness regarding benefits of roofing systems. Additionally, increasing investments by government of various countries in smart city projects is expected to boost market growth.
Some Key Findings From the Report:
For the purpose of this report, the global roofing systems market is segmented on the basis of product type, construction type, material, application, and region:
Product Type Outlook
Construction Type Outlook
Material Outlook
Application Outlook
Region Outlook
Reasons to Buy the Report
Market Size - USD 130.75 Billion in 2020, Market Growth - CAGR of 2.9%, Market Trends - Rising investments for technological developments such as UV-resistant roofing systems by major players.
The global roofing systems market size is expected to reach USD 163.41 Billion in 2028, and register a CAGR of 2.9% during the forecast period. Rapid industrialization and urbanization has led to rising number of construction activities, growing trend of renovation of residential buildings, and reconstruction of infrastructure in various developed and developing countries are some of the major factors expected to drive growth of the global roofing systems market.
Primary factors driving market growth include growing global population, changing lifestyles, increasing spending capacity on real estate, and rising trend of house renovation, coupled with spreading awareness regarding benefits of roofing systems. Additionally, increasing investments by government of various countries in smart city projects is expected to boost market growth.
Some Key Findings From the Report:
- Among the product type segments, the shingles & plates segment accounted for the largest revenue share of 48.6% in 2020.
- Among the material segments, the asphalt segment is expected to contribute major revenue share in the global roofing systems market over the forecast period.
- The Asia Pacific market accounted for the largest revenue share and was valued at USD 42.78 Billion in 2020, due to presence of large number of roofing system manufacturers in countries in the region and significant emphasis and investments in research and development of advanced technologies by major players.
- North America market and Europe market are expected to follow the Asia Pacific market in terms revenue share.
- Key players profiled in the report include Berkshire Hathway, Beacon Roofing Supply, Inc., Carlisle Companies Incorporated, Bridgestone Americas, FiberTite (Seaman Corporation), CertainTeed (Saint Gobain), Owens Corning, GAF Materials Corporation, IKO Industries, and Sika Group. The market players have adopted various strategies including mergers, acquisitions, partnerships, and new product developments, among other strategies, to stay ahead of the competition and expand market footprint.
For the purpose of this report, the global roofing systems market is segmented on the basis of product type, construction type, material, application, and region:
Product Type Outlook
- Shingles & Plates
- Tiles
- Others
Construction Type Outlook
- New Construction
- Reform Construction
Material Outlook
- Asphalt
- Clay
- Concrete
- Metal
- Plastic
- Others
Application Outlook
- Commercial
- Residential
- Industrial
- Others
Region Outlook
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Benelux
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
- Latin America
- Brazil
- Rest of Latin America
- Middle East and Africa
- Saudi Arabia
- UAE
- South Africa
- Rest of Middle East & Africa
Reasons to Buy the Report
- A robust analysis and estimation of the Roofing Systems Market with four levels of quality check - in-house database, expert interviews, governmental regulation, and a forecast specifically done through time series analysis
- A holistic competitive landscape of the all the major players in the Roofing Systems Market. The report covers their market shares, strategic initiatives, new product launches, R&D expenditure, M&As, Joint ventures, expansionary plans, product wise metric space analysis and key developments
- Go-to-market strategies specifically formulated in line with location analysis which takes into the factors such as government regulations, supplier mapping, supply chain obstacles, and feedback from local vendors
- Most deep dive segmental bifurcation available currently in the market. Our stellar methodology helps us understand the overall gamut of the supply chain and will help you explain the current market dynamics
- Special focus given on vendor landscape, supplier portfolio, customer mapping, production capacity, and yearly capacity utilization
Chapter 1. Market Synopsis
Chapter 2. Executive Summary
Chapter 4. Roofing Systems Market Segmentation & Impact Analysis
Chapter 5. Roofing Systems By Product Type Insights & Trends
Chapter 6. Roofing Systems By Material Insights & Trends
Chapter 7. Roofing Systems By Construction Type Insights & Trends
Chapter 8. Roofing Systems By Application Insights & Trends
Chapter 9. Roofing Systems Market Regional Outlook
Chapter 10. Competitive Landscape
Chapter 11. Company Profiles