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Report Overview

The global roofing market stood at a value of about USD 127.52 Billion in 2023 backed by strong demand for roofing in the construction sector. The market is expected to further grow at a CAGR of 4.70% between 2024 and 2032 to reach a value of approximately USD 192.80 Billion by 2032.

2023

Base Year

2018-2023

Historical Year

2024-2032

Forecast Year

Compound Annual Growth Rate

Value in USD Billion

4.7%

2024-2032


Roofing Market Outlook

*this image is indicative*

 

Global Roofing Market Report Summary Description Value
Base Year USD Billion 2023
Historical Period USD Billion 2018-2023
Forecast Period USD Billion 2024-2032
Market Size 2023 USD Billion 127.52
Market Size 2032 USD Billion 192.80
CAGR 2018-2023 Percentage XX%
CAGR 2024-2032 Percentage 4.7%
CAGR 2024-2032 - Market by Region Asia Pacific 5.3%
CAGR 2024-2032 - Market by Country Brazil 5.4%
CAGR 2024-2032 - Market by Country China 5.0%
CAGR 2024-2032 - Market by Application Residential 5.2%
CAGR 2024-2032 - Market by Type Green Roofs 6.1%
Market Share by Country 2023 Australia 2.3%

Roofing is an integral component of a residential, commercial, or industrial structure, which can protect the safety of the occupants. According to the roofing market report, the market for roofing is likely to witness an accelerated expansion, owing to the increasing deployment of roofing systems across urban and rural areas to reduce the impact of excessive moisture, restrict water seepage during rainy seasons, and prevent damage caused by pathogens such as structural mildew, mould, and bacteria, among others. Increasing concerns pertaining to the health of children and geriatrics in the residential sector is expected to intensify the roofing industry outlook.

Roofing is the process of applying an external covering on the roof of a building. The external covering can either be self-supporting or be supported by structures underneath it. According to the roofing industry analysis, the market for roofing in the United States contributed to a significant proportion of the market. Due to rapid urbanisation, technological innovations and a rise in construction activities, the roofing industry market size in the United States is projected to grow at a healthy pace and is expected to drive the demand for roofing globally. The rapidly growing construction industry in emerging economies like China, India and the Middle East is further expanding the roofing market size. New innovations like green and eco-friendly roofing are also gaining popularity, especially in countries like the United States, the United Kingdom, and Japan. Rising investments in the residential construction sector along with eco-friendly roofing innovations will make the residential sector one of the major application sectors in the industry, thereby, propelling the residential roofing market in the coming years.

Roofing Market

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Roofing Industry Segmentation

Roofing is the process of applying an external covering on the roof of a building. The external covering can either be self-supporting or be supported by structures underneath it.

On the basis of type, the roofing market is divided into:

  • Asphalt Shingles
  • Metal
  • Tiles
  • Wood Shingles
  • Green Roofs
  • Others

Market Breakup by Application:

  • Residential
  • Commercial

Market Installation Cost by Roof Type:

  • Asphalt Shingles
  • Metal
  • Tiles

Market Breakup by Region:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa

Roofing Market by Segments

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Tiles are one of the most popular types of roofing which account for a healthy portion of the roofing market share. This can be attributed to the growing environmental concerns among consumers and developers. Clay and concrete tiles are especially favoured as they are durable and sustainable with a proven positive impact on the environment in the long run. They help in conserving energy by controlling the interior temperature by allowing air to circulate between the loosely arranged tiles leading to a decrease in the usage of air conditioning and conserving electricity. Stringent regulations of various governments aimed towards curbing the emission of greenhouse gases are the crucial roofing industry trends. Metal roofing, on the other hand is expected to propel the roofing market growth in the forecast period, with their low maintenance cost, durability and recyclability.

Based on applications, the roofing market is bifurcated into residential and commercial sector. As per the roofing market research, it is expected that roofing will find applications in the residential sector due to the rising number of proposed residential constructions.

CAGR 2024-2032 - Market by Country
Brazil 5.4%
China 5.0%
Mexico 5.0%
UK 4.6%
USA 4.4%
Canada XX%
France XX%
Italy XX%
Japan XX%
India XX%
Australia 4.3%
Saudi Arabia XX%
Germany 4.2%

The regional markets for roofing include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Roofing Market by Region

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Roofing Market Analysis

Rapid urbanisation and increasing standards of living in the emerging economies are the key roofing market trends fuelling the market growth. There has been a rising demand for new energy-efficient roofing products like green roofing which reduce electricity waste by decreasing air conditioning usage in the long run as well as improving the air quality and increasing the life span of the roof. These green roofs are especially in high demand in the developed nations of North America and Europe in green building constructions, which are the emerging trends in roofing industry. In addition to this, initiatives focussing on energy-efficient projects, such as renovating old buildings wherein old roofs are replaced by new ones, are also invigorating the roofing market growth. In well-established economies such as the United States, exceptional roofing services to cater to the demand of sporting stadiums and commercial construction projects, which is expected to expand the roofing market size, as well as US commercial roofing market size in the forecast period. Moreover, in the United States, the local demand for roofing to elude from weather disturbances, such as heavy rains, snow, and heat, is likely to contribute to the expansion of roofing market size US, leading to an augmented growth of North America roofing market. Meanwhile, the increasing roofing repair demands in Europe is anticipated to fuel the roofing market Europe in the coming years.

Construction of commercial buildings like multiplexes and shopping complexes due to changing lifestyles and increasing urbanisation in the developing countries of Asia Pacific, Latin America and Africa have aided the market growth. Asia Pacific is the leading market with growing construction activities in both the residential and commercial sectors, especially in countries like India, China, Indonesia and Vietnam. The Middle East is also a leading roofing market as the governments in the UAE and Qatar have increased their expenditure in commercial and industrial construction projects driving the growth of the roofing market.

Competitive Landscape of Roofing Market

The report gives a detailed analysis of the following key players in the global roofing market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

  • Carlisle Companies
  • Owens Corning
  • BMI Group
  • Saint Gobain
  • Wienerberger AG
  • Beacon Roofing Supply, Inc.
  • Duro-Last, Inc.
  • Atlas Roofing Corporation
  • Sika AG
  • GAF Materials LLC
  • Others

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.

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Roofing Market Report Snapshots

Roofing Market Size

Roofing Market Analysis

Roofing Companies

*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*

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Key Questions Answered in the Report

In 2023, the global roofing market attained a value of approximately USD 127.52 Billion.

The market is expected to grow at a CAGR of 4.70% between 2024 and 2032.

The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 192.80 Billion by 2032.

The major drivers of the market include growing urbanisation, rising demand for houses, increasing population, rising construction activities particularly in the developing regions, favourable government initiatives, and growing technological advancements.

The key market trends guiding the growth of the roofing market include the rise in green building projects and increasing demand for green roofing.

The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.

The tiles segment represents the leading roofing type in the market.

Roofing finds wide applications in commercial and residential sectors.

Strong and durable materials such as asphalt shingles, metal, or tiles, among others, are used in roofing.

The other word for roofing is awning or covering.

Water leakage is one of the most common problems faced during roofing.

The major players in the roofing market are Carlisle Companies, Owens Corning, BMI Group, Saint Gobain, Wienerberger AG, Beacon Roofing Supply, Inc., Duro-Last, Inc., Atlas Roofing Corporation, Sika AG, and GAF Materials LLC, among others.

Report Summary

Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.

Key Highlights of the Report

Please note that the figures mentioned in the description serve as estimates and may vary from the actual figures presented in the final report.

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:

  • Type
  • Application
  • Installation Cost by Roof Type
  • Region
Breakup by Type
  • Asphalt Shingles
  • Metal
  • Tiles
  • Wood Shingles
  • Green Roofs
  • Others
Breakup by Application
  • Residential
  • Commercial
Installation Cost by Roof Type
  • Asphalt Shingles
  • Metal
  • Tiles
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • Carlisle Companies
  • Owens Corning
  • BMI Group
  • Saint Gobain
  • Wienerberger AG
  • Beacon Roofing Supply, Inc.
  • Duro-Last, Inc.
  • Atlas Roofing Corporation
  • Sika AG
  • GAF Materials LLC
  • Others
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63 Fiona Drive, Tamworth, NSW

+61 448 06 17 27

C130 Sector 2 Noida, Uttar Pradesh 201301

+91-858-608-1494

40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.

+63 287899028, +63 967 048 3306

6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London

+44-753-713-2163

193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City

+84865399124