The USA holds a significant share of the market. Given the enormous demand for housing and the federal support for infrastructural development, construction activities are gaining momentum in the country. Additionally, the growing demand for complex housing systems and cutting-edge office buildings, growing disposable incomes, and rapid population growth further create opportunities for the North America steel roofing market growth. Roofing is a major and one of the most important parts of construction and infrastructural development.
Growing incidences of natural disasters such as hurricanes and extreme storms in the region also surge the demand for metal roofing made from high-quality materials like steel. Increasing renovation and refurbishment activities in countries such as Canada and the United States further bolster the adoption of steel roofing.
Steel roofing increases energy efficiency, facilitates recycling, and offers exceptional strength and affordability. For areas prone to wildfire and harshest climate conditions, the demand for steel roofing due to its ease of care and low maintenance is significantly rising. Besides, the rising availability of steel roofing in diverse styles, including standing seam, tile design, and steel shingles, as well as attractive colours is further aiding the market expansion.
Increasing expansion activities by key players such as Owens Corning (NYSE: OC) and WeatherLok propel the market growth. For instance, in January 2024, WeatherLok Metal Roofing System LLC announced its plans to expand its delivery services and sales of reliable, aesthetical, and robust roof systems across Canada and the United States. Through the expansion, the company aims to drive the growth of the flooring industry in North America.
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The major players in the North America steel roofing market are CertainTeed, Owens Corning, American Buildings Company, TAMKO Building Products LLC, and ATAS International, Inc., among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
|Scope of the Report
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|Breakup by Application
|Breakup by Region
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