Roofing Industry Trends

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Roofing industry trends.

The global roofing market size was valued at 92 942 3 million in 2019 and is projected to reach 132 775 6 million by 2027 registering a cagr of 4 6 from 2020 to 2027. Like all businesses the manufacture of asphalt roofing shingles evolves and changes over time. 17 roofing industry statistics and trends roofing industry statistics and trends. While these colors will never lose popularity.

The research report on residential roofing industry market offers a granular analysis on existing market trends as well as drivers that are slated to catalyze the market growth during the forecast period. Roofing offers protection from heat rain and other atmospheric conditions. Gone are the days of the dark gray and black shingles. Get up to speed on any industry with comprehensive intelligence that is easy to read.

The demand for synthetic roofing materials is one of the biggest trends our associates see regardless of region. Synthetic materials are a good fit for homeowners who want a more durable product that replicates the wood texture and natural color of traditional slates or shakes. Banks consultants sales marketing teams accountants and students all find value in ibisworld. The re roofing market in north america and europe will also see increased levels of demand.

From 2011 2016 the roofing industry saw average annual growth of 1 8 creating revenues of 35 billion in the us alone. Look for increased demand in the new construction sector of the roofing industry in the apac region. There are currently over 50 000 establishments engaged in the installation roofing siding and sheet. This is certainly the case with asphalt shingles.

Companies introduce new roofing products to keep up with ever changing roofing market trends. At the most recent ire roofing contractor magazine sponsored a state of the roofing industry report. Professional contractors asphalt shingle manufacturers and makers of other roofing products from across north america discuss topics of interest to both contractors and homeowners such as trends in the roofing industry. Industry market size for roofing contractors.

While it has been around for a while metal roofing may have something of a rebirth in 2020. It also highlights major market segments and key manufacturers. The roofing industry is expected to grow to 5 3 billion over the next several. Find industry analysis statistics trends data and forecasts on roofing contractors in the us from ibisworld.