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The global roofing market stood at a value of more than USD 100 billion in 2020 backed by strong demand for roofing in construction sector.
The roofing market in the US alone attained a value of about USD 26 billion in 2020. Due to rapid urbanization, technological innovations and a rise in construction activities, the global construction industry is projected to grow at a CAGR of about 4% during the forecast period of 2021-2026 and is expected to drive the demand for roofing globally.
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The rapidly growing construction industry in emerging economies like China, India and the Middle East is boosting the roofing market. New innovations like green and eco-friendly roofing are also gaining popularity, especially in countries like the U.S., the U.K. 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 in the coming years.
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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:
Tiles are one of the most popular types of the product, especially due to growing environmental concerns among consumers and developers. Clay and concrete tiles are especially favoured as they are durable and sustainable with the 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. Metal roofing with their low maintenance cost, durability and recyclability have also witnessed significant growth in the market.
Based on applications, the roofing market is bifurcated into residential and commercial sector. The commercial sector dominated the market in 2017. Looking forward, it is expected that roofing will find applications in the residential sector due to the rising number of proposed residential constructions.
The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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Rapid urbanisation in the emerging economies has led to the growth of the construction industry which, in turn, is bolstering the market growth. There has been a rising demand for new energy-efficient products like green roofing which reduces 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. 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 driving the roofing market.
Construction of commercial buildings like multiplexes and shopping complexes due to changing lifestyles and increasing urbanization 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.
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:
The comprehensive EMR report provides an in-depth assessment of the industry based on the Porter's five forces model along with giving a SWOT analysis.
*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.
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
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
7 Industry Opportunities and Challenges
8 Global Roofing Market Analysis
8.1 Key Industry Highlights
8.2 Global Roofing Historical Market (2016-2020)
8.3 Global Roofing Market Forecast (2021-2026)
8.4 Global Roofing Market by Type
8.4.1 Asphalt Shingles
188.8.131.52 Market Share
184.108.40.206 Historical Trend (2016-2020)
220.127.116.11 Forecast Trend (2021-2026)
18.104.22.168 Market Share
22.214.171.124 Historical Trend (2016-2020)
126.96.36.199 Forecast Trend (2021-2026)
188.8.131.52 Market Share
184.108.40.206 Historical Trend (2016-2020)
220.127.116.11 Forecast Trend (2021-2026)
8.4.4 Wood Shingles
18.104.22.168 Market Share
22.214.171.124 Historical Trend (2016-2020)
126.96.36.199 Forecast Trend (2021-2026)
8.4.5 Green Roofs
188.8.131.52 Market Share
184.108.40.206 Historical Trend (2016-2020)
220.127.116.11 Forecast Trend (2021-2026)
8.5 Global Roofing Market by Application
18.104.22.168 Market Share
22.214.171.124 Historical Trend (2016-2020)
126.96.36.199 Forecast Trend (2021-2026)
188.8.131.52 Market Share
184.108.40.206 Historical Trend (2016-2020)
220.127.116.11 Forecast Trend (2021-2026)
8.6 Installation Cost by Roof Type
8.6.1 Asphalt Shingles
8.7 Global Roofing Market by Region
8.7.1 Market Share
18.104.22.168 North America
22.214.171.124 Asia Pacific
126.96.36.199 Latin America
188.8.131.52 Middle East and Africa
9 Regional Analysis
9.1 North America
9.1.1 Historical Trend (2016-2020)
9.1.2 Forecast Trend (2021-2026)
9.1.3 Breakup by Country
184.108.40.206 United States of America
9.2.1 Historical Trend (2016-2020)
9.2.2 Forecast Trend (2021-2026)
9.2.3 Breakup by Country
220.127.116.11 United Kingdom
9.3 Asia Pacific
9.3.1 Historical Trend (2016-2020)
9.3.2 Forecast Trend (2021-2026)
9.3.3 Breakup by Country
9.4 Latin America
9.4.1 Historical Trend (2016-2020)
9.4.2 Forecast Trend (2021-2026)
9.4.3 Breakup by Country
9.5 Middle East and Africa
9.5.1 Historical Trend (2016-2020)
9.5.2 Forecast Trend (2021-2026)
9.5.3 Breakup by Country
18.104.22.168 Saudi Arabia
22.214.171.124 United Arab Emirates
126.96.36.199 South Africa
10 Market Dynamics
10.1 SWOT Analysis
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyer’s Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 EMR’s Key Indicators for Demand
10.4 EMR’s Key Indicators for Price
11 Trade Data Analysis (HS Codes - 6905,6810,6807)
11.1 Major Importing Countries
11.1.1 By Volume
11.1.2 By Value
11.2 Major Exporting Countries
11.2.1 By Volume
11.2.2 By Value
12 Price Analysis
12.1 North America Price Trends (2016-2020) And Forecast (2021-2026)
12.1.1 Asphalt Shingles
12.1.4 Clay Tiles
12.1.5 Concrete Tiles
12.2 Europe Historical Price Trends (2016-2020) And Forecast (2021-2026)
12.2.1 Asphalt Shingles
12.2.4 Clay Tiles
12.2.5 Concrete Tiles
12.3 Asia Pacific Historical Price Trends (2016-2020) And Forecast (2021-2026)
12.3.1 Asphalt Shingles
12.3.4 Clay Tiles
12.3.5 Concrete Tiles
12.4 Latin America Historical Price Trends (2016-2020) And Forecast (2021-2026)
12.4.1 Asphalt Shingles
12.4.4 Clay Tiles
12.4.5 Concrete Tiles
12.5 Middle East and Africa Historical Price Trends (2016-2020) And Forecast (2021-2026)
12.5.1 Asphalt Shingles
12.5.4 Clay Tiles
12.5.5 Concrete Tiles
13 Competitive Landscape
13.1 Market Structure
13.2 Key Players
13.3 Company Profiles
13.3.1 Carlisle Companies (NYSE: CSL)
188.8.131.52 Company Overview
184.108.40.206 Product Portfolio
220.127.116.11 Demographic Reach and Achievements
13.3.2 Owens Corning
18.104.22.168 Company Overview
22.214.171.124 Product Portfolio
126.96.36.199 Demographic Reach and Achievements
13.3.3 BMI Group
188.8.131.52 Company Overview
184.108.40.206 Product Portfolio
220.127.116.11 Demographic Reach and Achievements
13.3.4 Saint Gobain
18.104.22.168 Company Overview
22.214.171.124 Product Portfolio
126.96.36.199 Demographic Reach and Achievements
13.3.5 Wienerberger AG
188.8.131.52 Company Overview
184.108.40.206 Product Portfolio
220.127.116.11 Demographic Reach and Achievements
13.3.6 Beacon Roofing Supply, Inc.
18.104.22.168 Company Overview
22.214.171.124 Product Portfolio
126.96.36.199 Demographic Reach and Achievements
13.3.7 Duro-Last, Inc.
188.8.131.52 Company Overview
184.108.40.206 Product Portfolio
220.127.116.11 Demographic Reach and Achievements
13.3.8 Atlas Roofing Corporation
18.104.22.168 Company Overview
22.214.171.124 Product Portfolio
126.96.36.199 Demographic Reach and Achievements
14 Industry Events and Developments
Additional Customisations Available
1 Value Chain Analysis
2 Manufacturing Process
2.1 Detailed Process Flow
2.2 Operations Involved
2.3 Mass Balance
3 Project Details and Cost Analysis
3.1 Land, Location, and Site Development
3.3 Plant Machinery
3.4 Raw Material
3.9 Other Capital Investment
List of Figures and Tables
1. Global Roofing Market: Key Industry Highlights, 2016 and 2026
2. Global Roofing Historical Market: Breakup by Type (USD Billion), 2016-2020
3. Global Roofing Market Forecast: Breakup by Type (USD Billion), 2021-2026
4. Global Roofing Historical Market: Breakup by Application (USD Billion), 2016-2020
5. Global Roofing Market Forecast: Breakup by Application (USD Billion), 2021-2026
6. Global Roofing Historical Market: Breakup by Region (USD Billion), 2016-2020
7. Global Roofing Market Forecast: Breakup by Region (USD Billion), 2021-2026
8. North America Roofing Historical Market: Breakup by Country (USD Billion), 2016-2020
9. North America Roofing Market Forecast: Breakup by Country (USD Billion), 2021-2026
10. Europe Roofing Historical Market: Breakup by Country (USD Billion), 2016-2020
11. Europe Roofing Market Forecast: Breakup by Country (USD Billion), 2021-2026
12. Asia Pacific Roofing Historical Market: Breakup by Country (USD Billion), 2016-2020
13. Asia Pacific Roofing Market Forecast: Breakup by Country (USD Billion), 2021-2026
14. Latin America Roofing Historical Market: Breakup by Country (USD Billion), 2016-2020
15. Latin America Roofing Market Forecast: Breakup by Country (USD Billion), 2021-2026
16. Middle East and Africa Roofing Historical Market: Breakup by Country (USD Billion), 2016-2020
17. Middle East and Africa Roofing Market Forecast: Breakup by Country (USD Billion), 2021-2026
18. Major Importing Countries by Volume (2020)
19. Major Exporting Countries by Volume (2020)
20. Major Importing Countries by Value (2020)
21. Major Exporting Countries by Value (2020)
22. North America Historical Price Trends and Forecast 2016-2026
23. Europe Historical Price Trends and Forecast 2016-2026
24. Asia Pacific Historical Price Trends and Forecast 2016-2026
25. Latin America Historical Price Trends and Forecast 2016-2026
26. Middle East and Africa Historical Price Trends and Forecast 2016-2026
27. Global Roofing Market Structure
In 2020, the global roofing market attained a value of more than USD 100 billion.
The major drivers of the industry, such as growing urbanisation, rising demand for houses, increasing population, rising construction activities particularly in the developing regions, favourable government initiatives, and growing technological advancements, are expected to aid the market growth.
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 industry 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 industry.
Residential and commercial sectors are the major applications of roofing.
The major players in the industry are Carlisle Companies, Owens Corning, BMI Group, Saint Gobain, Wienerberger AG, Beacon Roofing Supply, Inc., Duro-Last, Inc., and Atlas Roofing Corporation, among others.
The global roofing market attained a value of over USD 100 billion in 2020, driven by increased construction activities and introduction of new housing schemes by the governments across the nations. Aided by the growing shift towards eco-friendly roofing, the market is expected to witness a further growth in the forecast period of 2021-2026.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on its types, the industry can be segmented into asphalt shingles, metal, tiles, wood shingles, and green roofs, among others, with tiles segment accounting for the largest market share. On the basis of application, the industry is bifurcated into residential and commercial sector. The major regional markets for the product are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Carlisle Companies, Owens Corning, BMI Group, Saint Gobain, Wienerberger AG, Beacon Roofing Supply, Inc., Duro-Last, Inc., and Atlas Roofing Corporation, among others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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