North America Steel Roofing Market to Grow at a CAGR of 5.4% During 2024-2032, Aided by the Increasing Residential Construction Activities

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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Market Analysis by Application, and Region:

• The market, on the basis of application, can be divided into residential, commercial, and industrial.

• The regional markets for steel roofing in North America include the United States of America and Canada.

Key Findings of the Report:

• Being strong and durable, steel roofs can endure extreme weather conditions and are fire- and rust-resistant. The extreme cold weather conditions in some portions of the USA and Canada create lucrative opportunities for steel roofing.

• Advancements in coating technology, such as antimicrobial coatings, smart coatings, and bio-based coatings, enhance the visual appeal and performance of steel roofing. Consumer trends towards aesthetics support the North America steel roofing market expansion.

• The growing consumer focus on sustainability fuels the demand for steel roofing as it is recyclable and durable.

• Population growth and growing disposable income contribute to the expansion of residential sector, driving the demand for steel roofing.

Key Offerings of the Report:

• The EMR report gives an overview of the North America steel roofing market for the periods (2018-2023) and (2024-2032).

• The report also offers the historical (2018-2023) and forecast (2024-2032) markets for the application and major regions of steel roofing in North America.

• It assesses the regional price trends for the (2018-2023) and (2024-2032) periods.

• The market report also analyses the trade data by covering the major importing and exporting countries.

• The report analyses the market dynamics, covering the key demand and price indicators in the market, along with an assessment of the SWOT and Porter’s Five Forces models.

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.

Key Highlights of the Report

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