The new report by Expert Market Research titled, ‘United States Roofing Market Report and Forecast 2022-2027’, gives an in-depth analysis of the United States roofing market, assessing the market based on its segments like type, roof type, application, and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.
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The key highlights of the report include:
Market Overview (2017-2027)
- Historical Market Size (2021): USD 15.47 Billion
- Forecast CAGR (2022-2027): 3.50%
- Forecast Market Size (2027): USD 18.96 Billion
The roofing market growth is expected to be fuelled by an increase in product use in residential and commercial construction projects. Increased demand for roofing materials is being driven by a growing focus on the construction of green and energy-efficient buildings. The demand for energy-efficient, long-lasting, and environmentally friendly roofing materials is increasing. Over the forecast period, the durability associated with a variety of roofing materials such as asphalt shingles, metal roofs, and concrete, and clay tiles is predicted to positively impact market growth. The growing popularity of translucent roofing panels in patios, sunrooms, and other areas, where natural light is required through the roof is fuelling market expansion in the United States. Some of the forces driving demand in the roofing industry in the United States are new construction techniques such as smart building construction, modular construction, and building automation construction.
Industry Definition and Major Segments
Roofing is a type of building envelope comprised mostly of polymer, concrete, metal, or other materials that protects the building’s walls from rain, snow, sunlight, temperature extremes, and wind. Gabled, hipped, butterfly, arched, flat, mono-pitched, and domed are some of the shapes available. Residential and commercial buildings roofs, such as offices, and educational institutions, are typically made of bitumen, ceramic coated granules, clay, sand, concrete, and polycarbonate.
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By type, the market includes:
- Asphalt Shingles
- Metal
- Tiles
- Wood Shingles
- Others
Based on roof type, the market is divided into:
- Flat Roof
- Slope Roof
The major application of the industry is:
- Residential
- Non-Residential
On the basis of region, the industry is divided into:
- South California
- Texas
- Florida
- New York
- Pennsylvania
- Illinois
- Others
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Market Trends
Rapid urbanisation and industrialisation worldwide are expected to enhance the market growth. The market is also increasing due to the rising population, which has led to an increase in commercial and residential infrastructure. The roofing market is mainly driven by rising commercial real estate investments, the growing popularity of eco-friendly roofing technologies, the development of efficient and advanced technology in roofing materials, and growing building renovations. The rising metal and fibre industries, government policies to increase energy-efficient homes, and the increasing number of residences further contribute to the market growth. Another factor driving market expansion is shifting consumer preferences away from traditional roofing materials and toward more reliable product varieties as income levels rise. Governments have made significant investments in infrastructure development, fuelling the demand for roofing in the United States.
Key Market Players
The major players in the market are Carlisle Companies, Owens Corning, GAF Materials LLC, TAMKO Building Products LLC, Saint-Gobain, Atlas Roofing Corporation, and Duro-Last, Inc., among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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