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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.
Base Year
Historical Year
Forecast Year
Value in USD Billion
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.
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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:
Market Breakup by Application:
Market Installation Cost by Roof Type:
Market Breakup by Region:
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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.
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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.
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 market based on the Porter's five forces model along with giving a SWOT analysis.
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*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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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.
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.
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:
|
Breakup by Type |
|
Breakup by Application |
|
Installation Cost by Roof Type |
|
Breakup by Region |
|
Market Dynamics |
|
Competitive Landscape |
|
Companies Covered |
|
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. |
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Australia
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India
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United States (Head Office)
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+1-415-325-5166
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84865399124
United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61 448 06 17 27
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63 287899028, +63 967 048 3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84865399124
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