Roofing Market, Till 2035: Distribution by Type of Material, Type of Application, Type of End User, and Geographical Regions: Industry Trends and Global Forecasts

The global roofing market size is estimated to grow from USD 88.38 billion in the current year to USD 146.9 billion by 2035, at a CAGR of 4.73% during the forecast period, till 2035.

Roofing encompasses the materials, methods, and techniques utilized to shield and safeguard a building's structure from outside elements like rain, sunlight, and severe weather conditions. The roof serves as an essential part of any construction, providing protection against weather variations as well as offering insulation and structural integrity. Therefore, the choice of roofing materials is vital in shielding various types of buildings depending on their climate conditions and aesthetic preferences. Currently, asphalt shingles and clay & concrete tiles are becoming increasingly popular as top roofing options for residences. In contrast, the rising demand for resilient and energy-efficient roofing products is propelling the growth of the roofing industry.

Additionally, there is a growing preference for robust, lightweight materials like metal and composite shingles that provide durability and reduced maintenance requirements, broadening the market's potential. Furthermore, as new trends emerge in the roofing materials sector, industry leaders are actively innovating and expanding their product offerings, including solar tiles, green roofs, and smart roofing solutions that combine technology with nature. As a result, owing to an increase in construction activities and a growing interest in solar roofing solutions, the global roofing market is projected to experience significant growth during this forecast period.

Roofing Market: Key Segments

Market Share by Type of Material

Based on type of material, the global roofing market is segmented into asphalt shingles, clay & concrete tiles, metal, synthetic, wood shingles, and others. According to our estimates, currently, the asphalt shingles segment captures the majority of the market share. This growth can be linked to their affordability, durability, and ease of installation.

Market Share by Type of Application

Based on type of application, the global roofing market is segmented into new construction and repair & replacement. According to our estimates, currently, the new construction application segment captures the majority of the market share, due to the surge in urbanization in various regions which has significantly boosted construction activities, particularly in housing construction.

In contrast, the repair & replacement segment is projected to grow at a higher CAGR throughout the forecast period. This can be attributed to the increasing need for upkeep and modernization of aging infrastructure. Additionally, the necessity for regular maintenance of residential properties due to severe weather conditions is further aiding the growth of this segment.

Market Share by Type of End-User

Based on type of end-user, the global roofing market is segmented into commercial, industrial, and residential. According to our estimates, currently, the residential segment captures the majority of the market share. This can be linked to the rising demand for new housing construction, renovation projects, and roof replacements. In addition, increased adoption of energy-efficient and solar-integrated roofing systems is accelerating market growth.

However, the commercial roofing segment is projected to grow at a higher CAGR throughout the forecast period. This can be attributed to the expansion of industries and greater business investment in durable, weather-resistant, and energy-saving roofing solutions for facilities such as office buildings and warehouses.

Market Share by Geographical Regions

Based on geographical regions, the roofing market is segmented into North America, Europe, Asia, Latin America, Middle East and North Africa, and the rest of the world. According to our estimates, currently, North America captures the majority share of the market, driven by the strong demand for both commercial and residential roofing, particularly across the US and Canada.

Additionally, the region’s robust construction activity and high frequency of roof replacements in homes and commercial buildings are further fueling the growth of roofing and roof repair services.

Roofing Market: Research Coverage

The report on the roofing market features insights on various sections, including:

• Market Sizing and Opportunity Analysis: An in-depth analysis of the roofing market, focusing on key market segments, including [A] type of material, [B] type of application, [C] type of end user, and [D] geographical regions.
• Competitive Landscape: A comprehensive analysis of the companies engaged in the roofing market, based on several relevant parameters, such as [A] year of establishment, [B] company size, [C] location of headquarters and [D] ownership structure.
• Company Profiles: Elaborate profiles of prominent players engaged in the roofing market, providing details on [A] location of headquarters, [B] company size, [C] company mission, [D] company footprint, [E] management team, [F] contact details, [G] financial information, [H] operating business segments, [I] roofing portfolio, [J] moat analysis, [K] recent developments, and an informed future outlook.
• Megatrends: An evaluation of ongoing megatrends in the roofing industry.
• Patent Analysis: An insightful analysis of patents filed / granted in the roofing domain, based on relevant parameters, including [A] type of patent, [B] patent publication year, [C] patent age and [D] leading players.
• Recent Developments: An overview of the recent developments made in the roofing market, along with analysis based on relevant parameters, including [A] year of initiative, [B] type of initiative, [C] geographical distribution and [D] most active players.
• Porter’s Five Forces Analysis: An analysis of five competitive forces prevailing in the roofing market, including threats of new entrants, bargaining power of buyers, bargaining power of suppliers, threats of substitute products and rivalry among existing competitors.
• SWOT Analysis: An insightful SWOT framework, highlighting the strengths, weaknesses, opportunities and threats in the domain. Additionally, it provides Harvey ball analysis, highlighting the relative impact of each SWOT parameter.
• Value Chain Analysis: A comprehensive analysis of the value chain, providing information on the different phases and stakeholders involved in the roofing market.

Key Questions Answered in this Report

• How many companies are currently engaged in roofing market?
• Which are the leading companies in this market?
• What factors are likely to influence the evolution of this market?
• What is the current and future market size?
• What is the CAGR of this market?
• How is the current and future market opportunity likely to be distributed across key market segments?

Reasons to Buy this Report

• The report provides a comprehensive market analysis, offering detailed revenue projections of the overall market and its specific sub-segments. This information is valuable to both established market leaders and emerging entrants.
• Stakeholders can leverage the report to gain a deeper understanding of the competitive dynamics within the market. By analyzing the competitive landscape, businesses can make informed decisions to optimize their market positioning and develop effective go-to-market strategies.
• The report offers stakeholders a comprehensive overview of the market, including key drivers, barriers, opportunities, and challenges. This information empowers stakeholders to stay abreast of market trends and make data-driven decisions to capitalize on growth prospects.

Additional Benefits

• Complimentary Excel data packs for all analytical modules in the report
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