North America Steel Roofing Market Share, Trends, Forecast: By Type: Corrugated, Stone-Coated Steel, Others; By Application: Residential, Commercial and Industrial; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis, Key Indicators for Demand, Key Indicators for Price; Competitive Landscape; 2024-2032

North America Steel Roofing Market Outlook

The North America steel roofing market size reached USD 3.14 billion in 2023. The market is expected to grow at a CAGR of 5.4% between 2024 and 2032, reaching almost USD 5.05 billion by 2032.

Key Takeaways:

• According to Statistics Canada, the non-residential sector reached $49.8 billion in 2023, thus boosting the North America steel roofing market growth.

• The increase in construction spending in the USA to $1,978.7 billion in 2023, up from $1,848.7 billion in 2022, as reported by the U.S. Census Bureau, has contributed to the growth of the North America steel market.

• Steel roofing provides a range of advantages to buildings, such as strength, aesthetic appeal, environmental friendliness, and energy efficiency.

Steel roofing provides numerous advantages for buildings, being robust, aesthetically pleasing, eco-conscious, and energy efficient. Renowned for its exceptional longevity, it withstands harsh weather, fire, and pests, needing little upkeep. Enhanced with reflective coatings, it conserves energy, is eco-friendly, lightweight, adaptable in style, and enhances property worth.

This type of roofing, known as "steel roofing," is made from metal sheets or tiles and is recognised for its strength, waterproofing, and endurance. It constitutes part of a building's exterior shell, typically employing steel, copper, or zinc alloys in its construction.

According to Statistics Canada, the non-residential sector experienced a 0.6% increase, reaching $49.8 billion in 2023, marking the second consecutive annual rise. This uptick in construction activity is driving the growth of the North America steel roofing market.

Key Trends and Developments

The North America steel roofing market growth is driven by the growing usage of sustainable materials, advancements in energy efficiency, innovations in durability, and the architectural versatility it offers.

February 2024

Westlake Royal Building Products™, a leader in efficient and durable roofing systems, showcased its energy-efficient solutions at the 2024 International Builders’ Show.

January 2024

United States Steel Corporation declared a twofold increase in the standard limited warranty for GALVALUME® coated coils in building construction.

October 2023

United States Steel Corporation and DuPont unveiled COASTALUME™, the first GALVALUME® steel for coastal areas, with a warranty for durability.

January 2022

Quick Panel Industries produced Tuff-Rib panels for steel roofs and siding. The company aimed to tap into the rising demand for durable products in Nova Scotia's climate.

Sustainable Materials

Steel roofing trends are currently centred around sustainability, with a strong emphasis on utilizing recyclable materials and enhancing the proportion of recycled content. Manufacturers are placing importance on eco-friendly methods, in line with the rising preference for environmentally responsible construction options. This focus is contributing to the growth of the North America steel roofing market.

Energy Efficiency Advancements

North America steel roofing market developments are attributed to the new coatings and designs that are improving the energy efficiency of steel roofing, leading to decreased heating and cooling expenses. These advancements are appealing to the increasing demand for sustainable construction techniques and energy-conserving options.

Durability Innovations

As per the North America steel roofing market analysis, steel roofing is advancing with the integration of new technologies that enhance its durability. These innovations range from better weather resilience to enhanced protection against corrosion and impact, guaranteeing long-lasting performance in various climates.

Architectural Versatility

The steel roofing market presents an extensive array of styles, colours, and finishes to suit a variety of architectural designs. This flexibility permits customization, empowering builders, and homeowners to achieve both visual attractiveness and practical durability.

North America Steel Roofing Market Trends

As smart home technologies become more prevalent, steel roofing now incorporates elements such as solar panels and sensors for maintenance monitoring. These intelligent features improve energy efficiency and offer real-time maintenance data.

As per the North America steel roofing market report, the growing use of solar power and energy codes in roofing systems is impacting the metal roofing market, favouring steel roofing due to its superior energy efficiency compared to other common materials like asphalt panels.

Market Segmentation

North America Steel Roofing Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:

Market Breakup by Type

• Corrugated

• Stone-Coated Steel

• Others

Market Breakup by Application

• Residential

• Commercial and Industrial

Market Breakup by Country

• United States of America

• Canada

Based on application, North America steel roofing market share is led by residential sector

North America steel roofing market growth is driven by the residential sector due to its outstanding durability and ability to withstand various weather conditions, and minimal maintenance requirements, surpassing asphalt in longevity.

For residential applications, steel roofing improves energy efficiency, and fire resistance, and provides customizable design options for tailored aesthetics.

In commercial settings, steel roofing presents advantages such as long lifespan, cost-effectiveness, energy efficiency, sustainable building benefits, lightweight structure, weather durability, and a range of customization possibilities to suit various architectural styles.

Competitive Landscape

Market players are driving the growth of the North America steel roofing market through their efforts in developing, manufacturing, and promoting insulation, roofing materials, and fibreglass composites.

Metal Roofing Systems, Inc., founded in 2001 and based in the U.S., offers comprehensive solutions beyond panels. The company specializes in manufacturing complete systems for metal roofs, walls, and soffits. Additionally, they produce custom flashing and roof drainage components tailored to project-specific requirements.

Owens Corning (NYSE: OC), founded in 1938 and based in the United States, specializes in the development, manufacturing, and marketing of insulation, roofing materials, and fibreglass composites. The company focuses on creating solutions that enhance energy efficiency and comfort in both residential and commercial buildings.

TAMKO Building Products LLC, founded in 1944 and headquartered in the United States, stands as a leading independent manufacturer of residential roofing shingles.

American Buildings Components (Cornerstone Building Brands, Inc.), headquartered in the U.S., produces metal roofing materials and wall panels for various building types such as residential, commercial, agricultural, post-frame, and pole barn constructions. Utilizing a nationwide network of manufacturing plants and distributorships, ensures exceptional quality and convenience, coupled with excellent customer service.

Other key players in the North America steel roofing market are ATAS International, Inc., Metal Sales Manufacturing Corporation, Worthouse, and Modern Metal Roofing among others.

North America Steel Roofing Market Analysis by Region

As per the North America steel roofing market analysis, the steel roofing sector is experiencing robust growth due to the durability and strength of its products. In the USA, steel roofing is recognized for substantial energy savings, leading to heightened demand amid the push for sustainable development. Moreover, these roofs are crafted from a high proportion of recycled steel, ensuring product reusability, and reducing its environmental impact.

In 2023, construction spending in the USA rose to $1,978.7 billion, surpassing the $1,848.7 billion from the previous year, as reported by the U.S. Census Bureau.

In Canada, key drivers of industry expansion include rising demand for advanced office buildings and modern housing systems, along with increasing GDP, population growth, and the evolution of the economic and industrial sectors in the area.

Key Highlights of the Report

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.