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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.
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.
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.
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.
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
Market Breakup by Application
Market Breakup by Country
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.
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.
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.
REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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Breakup by Type |
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Breakup by Application |
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Breakup by Region |
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Market Dynamics |
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Competitive Landscape |
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Companies Covered |
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Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*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.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Industry Opportunities and Challenges
8 Global Steel Roofing Market Overview
8.1 Key Industry Highlights
8.2 Global Steel Roofing Historical Market (2018-2023)
8.3 Global Steel Roofing Market Forecast (2024-2032)
8.4 Global Steel Roofing Market Share by Region
8.4.1 North America
8.4.2 Europe
8.4.3 Asia Pacific
8.4.4 Latin America
8.4.5 Middle East and Africa
9 North America Steel Roofing Market Overview
9.1 Key Industry Highlights
9.2 North America Steel Roofing Historical Market (2018-2023)
9.3 North America Steel Roofing Market Forecast (2024-2032)
10 North America Steel Roofing Market by Type
10.1 Corrugated
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Stone-Coated Steel
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 Others
11 North America Steel Roofing Market by Application
11.1 Residential
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Commercial and Industrial
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
12 North America Steel Roofing Market by Country
12.1 United States of America
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Canada
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
13 Market Dynamics
13.1 SWOT Analysis
13.1.1 Strengths
13.1.2 Weaknesses
13.1.3 Opportunities
13.1.4 Threats
13.2 Porter’s Five Forces Analysis
13.2.1 Supplier’s Power
13.2.2 Buyer’s Power
13.2.3 Threat of New Entrants
13.2.4 Degree of Rivalry
13.2.5 Threat of Substitutes
13.3 Key Indicators for Demand
13.4 Key Indicators for Price
14 Competitive Landscape
14.1 Market Structure
14.2 Company Profiles
14.2.1 Metal Roofing Systems, Inc.
14.2.1.1 Company Overview
14.2.1.2 Product Portfolio
14.2.1.3 Demographic Reach and Achievements
14.2.1.4 Certifications
14.2.2 Owens Corning (OC: NYSE)
14.2.2.1 Company Overview
14.2.2.2 Product Portfolio
14.2.2.3 Demographic Reach and Achievements
14.2.2.4 Certifications
14.2.3 TAMKO Building Products LLC
14.2.3.1 Company Overview
14.2.3.2 Product Portfolio
14.2.3.3 Demographic Reach and Achievements
14.2.3.4 Certifications
14.2.4 American Buildings Components (Cornerstone Building Brands, Inc.)
14.2.4.1 Company Overview
14.2.4.2 Product Portfolio
14.2.4.3 Demographic Reach and Achievements
14.2.4.4 Certifications
14.2.5 ATAS International, Inc.
14.2.5.1 Company Overview
14.2.5.2 Product Portfolio
14.2.5.3 Demographic Reach and Achievements
14.2.5.4 Certifications
14.2.6 Metal Sales Manufacturing Corporation
14.2.6.1 Company Overview
14.2.6.2 Product Portfolio
14.2.6.3 Demographic Reach and Achievements
14.2.6.4 Certifications
14.2.7 Worthhouse
14.2.7.1 Company Overview
14.2.7.2 Product Portfolio
14.2.7.3 Demographic Reach and Achievements
14.2.7.4 Certifications
14.2.8 Modern Metal Roofing
14.2.8.1 Company Overview
14.2.8.2 Product Portfolio
14.2.8.3 Demographic Reach and Achievements
14.2.8.4 Certifications
14.2.9 Others
15 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Steel Roofing Market: Key Industry Highlights, 2018 and 2032
2. North America Steel Roofing Market: Key Industry Highlights, 2018 and 2032
3. North America Steel Roofing Historical Market: Breakup by Type (USD Billion), 2018-2023
4. North America Steel Roofing Market Forecast: Breakup by Type (USD Billion), 2024-2032
5. North America Steel Roofing Historical Market: Breakup by Application (USD Billion), 2018-2023
6. North America Steel Roofing Market Forecast: Breakup by Application (USD Billion), 2024-2032
7. North America Steel Roofing Historical Market: Breakup by Country (USD Billion), 2018-2023
8. North America Steel Roofing Market Forecast: Breakup by Country (USD Billion), 2024-2032
9. North America Steel Roofing Market Structure
The market was estimated to be valued at USD 3.14 billion in 2023.
The market is projected to grow at a CAGR of 5.4% between 2024 and 2032.
The revenue generated from the steel roofing market is expected to reach USD 5.05 billion in 2032.
The steel roofing market experiences growth due to sustainable materials, advancements in energy efficiency, innovations in durability, and the architectural versatility it offers.
The steel roofing market is categorised into corrugated, stone-coated steel, and others.
The steel roofing market is categorised according to its application, such as residential, commercial, and industrial.
The major players in the market are Metal Roofing Systems, Inc., Owens Corning, TAMKO Building Products LLC, American Buildings Components (Cornerstone Building Brands, Inc.), ATAS International, Inc., Metal Sales Manufacturing Corporation, Worthouse, and Modern Metal Roofing among others.
The market is broken down into the United States of America and Canada.
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