United States Roofing Market Report and Forecast 2024-2032

United States Roofing Market Size

The United States roofing market reached approximately USD 23.35 billion in 2023. The market is projected to grow at a CAGR of 6.6% between 2024 and 2032, reaching a value of around USD 41.50 billion by 2032.

United States Roofing Market Outlook

• Asphalt shingles offer cost-effective roofing which can mimic the appearance of premium materials such as wood and slate.

• As per the U.S. roofing market dynamics, metal roofing has a longer lifespan and offers superior protection against harsh weather conditions.

• Wood shingles serve as a natural, eco-friendly roofing solution, possess rich texture and are highly customisable.

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United States Roofing Market Growth

Roofing is the process of constructing a building's top covering with materials such as drain, slate, copper, ridge cap, plastic cement, and base ply and sheet. It increases the value of structures, increases their longevity, and protects them from adverse environmental conditions. Several manufacturers are now offering sophisticated roofing solutions that include unique elements and extend a structure's total lifespan.

The key factors positively influencing the U.S. roofing market scope are rapid urbanisation and technological advancements. Technological breakthroughs are supporting innovations like green roofing, eco-friendly roofing materials, increase in roof life and safety, roofing solutions facilitating improved air quality, reduced noise, and lower cost of air-conditioning, and drones for roof inspections. Green roofs are especially in high demand in developed nations for green building constructions.

As the number of non-residential projects and structures such as hotels, schools, hospitals, and industrial buildings expands, the need for roofing is expected to increase. Moreover, the government has also made significant investments in infrastructure development, fueling the demand for roofing in the US.

New and Recent Developments

Growing demand for weather-resilient roofing materials and increased construction of non-residential structures are the major trends impacting the USA roofing market development.

February 2024

Gold Roofing upgraded its roofing services amid the growing cases of hailstones in Colorado to continue offering industry-leading solutions.

February 2024

GAF announced its plans to unveil innovative residential and commercial roofing products and services at the International Roofing Expo (IRE) 2024 which can contribute to United States roofing market value.

February 2024

Infinity Home Services acquired two roofing companies, Carpenter’s Roofing & Sheet Metal and Altec Roofing, to accelerate its expansion in Florida and establish itself as a leader in the roofing sector of North America.

February 2022

EAGLE Roofing Products expanded its production capacity as well as added a new colour palette to its offerings in the western United States to meet the rising demand and improve its market position.

Growing demand for weather-resilient roofing materials

As per the United States roofing market dynamics and trends, roofing materials that can withstand extreme weather conditions are increasingly being installed to ensure improved protection, structural integrity, and occupant safety.

Increased construction of non-residential structures

The construction of non-residential structures, including commercial buildings such as multiplexes and shopping complexes and government establishments has witnessed an upward trajectory, adding to the demand for advanced roofing solutions.

Rising focus on a blend of functionality and aesthetics

The market players in the USA roofing market are offering roofing solutions harnessing modern technology to mimic the texture and style of classic materials such as wood and tile while delivering improved performance.

Increased adoption of new construction techniques

New construction techniques such as modular construction, smart building construction, and building automation construction are growing in demand in the United States, favouring the roofing market.

United States Roofing Market Trends

One of the prominent trends in the market is the usage of innovative construction techniques that enhance the efficiency and sustainability of building structures and production processes. For example, modular construction reduces construction time, produces less waste, and offers better control to workers and contractors in factory settings compared to on-site construction. It can also offer increased cost-savings by lowering the usage of materials and labour force in the process.

The players in the roofing market in the United States, are also focusing on upgrading their existing range and offering services leveraging advanced technologies. In February 2024, Gold Roofing, based in the Loveland area of Colorado, announced the upgradation of its roofing services with high-end materials that can offer maximum protection against the cases of extreme wind and rain due to hailstone. Colorado witnesses a higher frequency of hailstones compared to other American regions (in spring), adding to the demand for efficient roofing solutions.

Industry Outlook

Growing urbanization, an expanding construction sector, and advancements in roofing technology drive the expansion of the USA roofing market

According to U.S. Census Bureau between 2018 and 2023, U.S. residential construction spending showed significant changes. Residential spending in the roofing industry decreased by 2.0% from 2018 to 2019 due to rising material costs and interest rates, then increased by 16.5% in 2020 to $7.73 trillion, and surged by 25.5% in 2021 to $9.71 trillion, driven by pandemic-related demand for more living space. In 2022, it grew by 15.3% to $11.19 trillion, followed by a 6.0% decline in 2023 to $10.52 trillion.

Non-residential construction spending increased steadily. From $9.23 trillion in 2018, it rose by 8.8% in 2019 to $10.04 trillion, and by 2.3% in 2020 to $10.27 trillion. As per the roofing industry market research, a slight decrease of 1.3% in 2021 was followed by a 14.6% increase in 2022 to $11.62 trillion, and an 18.2% rise in 2023 to $13.74 trillion, driven by government infrastructure projects aimed at economic recovery.

As per, The Associated General Contractors (AGC) of America Between 2018 and 2023, U.S. private construction spending, which includes the roofing market, showed a general upward trend. In 2018, private spending was $12.29 trillion, increasing by 2.2% in 2019 to $12.55 trillion. As per the United States roofing market industry analysis, it grew by 8.1% in 2020 to $13.57 trillion and saw a significant 14.6% rise in 2021 to $15.55 trillion. The growth continued with a 17.1% increase in 2022 to $18.21 trillion, followed by a modest 3.6% rise in 2023 to $18.86 trillion. This consistent growth in private construction spending indicates a robust demand in the roofing market, driven by increased residential and commercial construction activities.

Public construction spending, which also impacts the roofing market, exhibited different growth patterns. Starting at $3.72 trillion in 2018, it rose by 11.0% in 2019 to $4.13 trillion. In 2020, public spending increased by 7.4% to $4.43 trillion. However, it saw a slight decline of 3.0% in 2021 to $4.30 trillion. The upward US roofing industry trends resumed with a 6.9% increase in 2022 to $4.60 trillion and a significant 17.5% rise in 2023 to $5.40 trillion, driven by substantial government infrastructure investments. The variations in public spending reflect economic and policy influences, with infrastructure projects potentially boosting demand in the roofing market.

United States Roofing Market Analysis

What Factors are Strengthening the Growth of the United States Roofing Market?

• Increasing Construction Activities: Rise in residential and commercial construction boosts roofing demand.  

• Government Infrastructure Investments: Significant public sector projects enhance roofing product demand.

• Technological Advancements: Innovations in energy-efficient and eco-friendly roofing attract consumers and boost roofing market demand forecast.

• Severe Weather Conditions: Frequent severe weather events increase the need for roof repairs and replacements.

What Challenges are Impacting the Roofing Market in the USA?

• Material Costs: Rising costs of raw materials increase overall roofing expenses.

• Labor Shortages: Difficulty in finding skilled labour affects project timelines and costs.

• Regulatory Changes: Evolving regulations can increase compliance costs and complexity.

• Supply Chain Disruptions: Delays and shortages in the supply chain hinder timely project completion and influence the roofing market demand growth.

What are the Key Trends Shaping the Roofing Market in United States?

• Sustainable Roofing: Growing demand for eco-friendly and energy-efficient roofing solutions.

• Technological Integration: Increased use of advanced technologies like drones and AI for roof inspections.

• Cool Roofing: Rising popularity of cool roofs to reduce energy consumption and urban heat aids United States roofing market demand.

• Metal Roofing: Increasing adoption of durable and low-maintenance metal roofing materials.

Key Demand Indicators in the US Roofing Market

• The growth of the housing market, with increased residential construction and home renovations driving significant roofing demand. 

• Expansion in commercial real estate also boosts the need for roofing solutions. Climate factors, such as severe weather conditions, lead to higher demand for roof repairs and replacements.

• Additionally, strong economic conditions and increased disposable income support higher spending on roofing projects, further stimulating the growth of the United States roofing market.

Key Price Indicators in the US Roofing Market

Key price indicators in the market include the costs of various roofing materials such as asphalt shingles, metal roofing, and tile roofing. 

• Asphalt shingles, being the most common, typically offer the lowest price point, making them a popular choice for budget-conscious homeowners. 

• Metal roofing, known for its durability and longevity, generally commands higher prices but provides long-term cost savings due to its lower maintenance needs. 

• Tile roofing, often seen in upscale residential and commercial projects, is usually the most expensive option in the United States roofing market industry due to its aesthetic appeal and durability. 

• Additionally, fluctuations in raw material costs, labor costs, and supply chain disruptions can significantly impact overall roofing prices, influencing market dynamics.

Competitive Factors in the United States Roofing Market

Brand reputation attracts customer trust, while high-quality, durable materials provide a significant edge. Price competitiveness allows companies lucrative United States roofing market opportunities. Additionally, innovation in roofing solutions, including advanced technologies and sustainable options, helps companies stand out. These elements collectively shape the competitive landscape, driving growth and differentiation in the industry.

Key Players in the United States Roofing Market and their Strategic Initiatives

Key players in the United States roofing market include GAF, Owens Corning, CertainTeed, and Atlas Roofing Corporation.

• GAF: Focuses on innovation and sustainability, offering advanced roofing technologies and eco-friendly products. Their strategic initiatives include expanding their product line and investing in recycling programs which can contribute to the United States roofing market industry revenue.

• Owens Corning: Known for their high-quality shingles and insulation products, they emphasize research and development. Owens Corning's strategic initiatives involve improving energy efficiency and enhancing product durability.

• CertainTeed: A leading manufacturer of both residential and commercial roofing materials, they prioritize customer service and comprehensive warranty programs. Their strategic initiatives include developing new roofing solutions and expanding their market reach through strategic acquisitions.

• Atlas Roofing Corporation: Specializes in high-performance roofing and insulation systems. Their strategic initiatives focus on product innovation and expanding their distribution network to better serve customers nationwide.

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United States Roofing Market Segmentation

The EMR’s report titled “United States Roofing Market Report and Forecast 2024-2032” offers a detailed analysis of the market based on the following segments:

Market Breakup by Type

• Asphalt Shingles

• Metal

• Tiles

• Wood Shingles

• Others

Market Breakup by Roof Type

• Flat Roof

• Slope Roof

Market Breakup by Application

• Residential

• Non-Residential

Market Breakup by Region

• New England

• Mideast

• Great Lakes

• Plains

• Southeast

• Southwest

• Rocky Mountain

• Far West

United States Roofing Market Share

Asphalt shingles account for most of the market share due to its cost-effectiveness and versatile nature

Asphalt shingles occupy a significant share due to their cost-effective nature and ease of installation. They are available in a diverse range of colours and their versatility makes them suitable for covering different types of houses and residential properties in the United States. Furthermore, they can withstand high winds, and extreme temperature conditions and can last for a long period of time.

As per the United States roofing market analysis, metal roofing is expected to witness sizeable growth in the forecast period as it offers superior durability and a longer life span compared to other materials. Their properties such as fire resistance, ability to withstand harsh winds and snow, and energy-efficient nature also make them a preferred option among homeowners. Moreover, they can be recycled and reused, which contributes to sustainability and enhances the appeal of the material among people.

The residential sector maintains its dominance in the market, supported by growing renovation activities

The United States roofing market revenue is supported by growing renovation and repair activities in the residential sector. Factors such as natural disasters like hurricanes and tornadoes support the demand for durable roofing solutions. Furthermore, growing environmental awareness has led many homeowners to renovate their homes with eco-friendly materials, including green roofing solutions.

The non-residential sector is also anticipated to witness sizeable growth in the coming years due to growing investments towards the development of government institutes and commercial complexes. Increased construction of new office space and the emergence of startups in the country are also expected to boost the demand for roofing in the non-residential sector.

Competitive Landscape

Market players are introducing novel technologies and incorporating sustainable materials in roofing upgradation to gain a competitive edge in the market

Compagnie de Saint-Gobain S.A. is a multinational corporation that was founded in 1665. The company's headquarters are in Courbevoie, France. Saint-Gobain is primarily focused on designing, manufacturing, and distributing construction materials such as glass, ceramics, plastics, and other building products.

Carlisle Companies Incorporated is a diversified company that was founded in 1917. The company's headquarters are in Arizona, United States. It provides a range of products and services including construction materials, commercial roofing, energy products, and fluid technologies.

Atlas Roofing Corporation is a company that specialises in manufacturing and distributing residential and commercial building materials, with a focus on roofing products, aiding the demand of United States roofing market. The company was founded in 1982 and is headquartered in Georgia, United States. Atlas Roofing Corporation offers a variety of products such as shingles, underlayment, and insulation.

GAF Materials LLC is a leading manufacturer of roofing materials that was founded in 1886. The company's headquarters are in New Jersey, United States. GAF Materials LLC offers a wide range of products including shingles, ventilation systems, and waterproofing solutions for residential and commercial buildings.

Other biggest roofing companies in USA are Malarkey Roofing Company, DML USA Metal Roofing, Quality Metal Roofing, McElroy Metal, Eagle Roofing Products, and Maruhachi Ceramics of America, Inc., among others.

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United States Roofing Market Regional Analysis

As per the analysis of the US roofing market by region, Northwest regions of the country such as New York, and New Jersey, among others, experience heavy snowfalls as well as hot summer conditions, which fuels the demand for insulated roofs. Meanwhile, Midwest regions such as Ohio and Michigan experience harsh winter conditions along with hailstorms, which fuels the demand for resilient roofing materials such as asphalt in the region.

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United States Roofing Market Report Snapshots

United States Roofing Market Size

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United States Roofing Market Trends

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