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United States Roofing Market to Reach USD 18.96 Billion by 2027, Aided Rise in Construction Activity

According to a new report by EMR titled, ‘United States Roofing Market Report and Forecast 2022-2027’, the United States roofing market reached a value of about USD 15.47 billion in 2021. The industry is further expected to grow at a CAGR of about 3.50% in the forecast period of 2022-2027 to reach a value of around USD 18.96 billion by 2027.

The roofing market is witnessing considerable expansion as a result of the expanding construction industry and the continuous recovery of old structures in many countries. The market is expected to increase due to an increasing demand for modern hospitals, medical facilities, and senior living complexes to fulfil the demands of an ageing population and a booming industrial sector. The roofing market is likely to benefit from an increase in demand for ecologically friendly roofing materials. Metal roofing applications are expected to benefit from an increase in the repair and refurbishment of older buildings. New innovations like green and eco-friendly roofing are also gaining popularity. The emerging green building concept is increasing public awareness about climate change, which catalyzes the demand for roofing that provide excellent atmospheric resistance. New and emerging technologies, such as green roofing, increase in roof life and safety, improved air quality, and reduced noise and cost of air-conditioning help to aid the growth of the roofing market. The introduction of advanced technologies results in aesthetic improvement, which is expected to strengthen the roofing market in the future.

Various companies are introducing new aspects in the roofing industry due to increasing commercial activities. Companies are expected to improve their standing in the roofing market by developing new products and offering competitive pricing. For example, Carlisle Companies Incorporated (NYSE: CSL) stated in June 2021 that it is building on its sixth TPO manufacturing line, which would create the commercial roofing industry's first 16-foot-wide TPO membranes had commenced. The new line, which will be based in Carlisle, Pennsylvania, will boost CCM's industry-leading manufacturing capacity by offering the widest TPO sheets on the market. The new TPO line will support organic growth initiatives while also creating jobs for the city of Carlisle and surrounding communities, as part of Carlisle's Vision 2025 strategy to invest in high-returning enterprises. Early in 2022, the new line will commence production.

Market Analysis by Type, Roof Type, Application, and Regions:

  • Based on type, the market is categorised into asphalt shingles, metal, tiles, and wood shingles, among others.
  • Based on roof type the market is divided into flat roof and slope roof.
  • The major application of the industry is residential and non-residential.
  • The major regions of the United States roofing industry are South California, Texas, Florida, New York, Pennsylvania, and Illinois, among others.

Key Findings of the Report:

  • Rapid urbanisation and industrialisation are expected to enhance market growth.
  • The market is also increasing due to the rising population, which has led to an increase in commercial and residential infrastructure.
  • 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, fueling demand for roofing in the United States.

Key Offerings of the report:

  • The EMR report gives an overview of the United States roofing market for the periods (2017-2021) and (2022-2027). 
  • The report also offers the historical (2017-2022) and forecasted (2022-2027) markets for the type, roof type, application, and major regions of roofing.
  • The report analyses the market dynamics, covering the key demand and price indicators in the market, along with providing an assessment of the SWOT and Porter’s Five Forces models.

The major players in the United States Roofing 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 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.

About Us:

Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.

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*We at Expert Market Research always strive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

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