Construction and Manufacturing

North America Roofing Market Size | Status | Top Players | Trends | Forecast to 2025

The Global North America Roofing market report has been compiled by the best subject matter experts and market research professionals to ensure that the data in the report is obtained from the most authentic sources and the forecast is of the highest accuracy.

The North America Roofing market size was $29,864.4 million in 2017, and is projected to reach $47,517.8 million in 2025, growing at a CAGR of 5.9%. A roof is the uppermost part of a building, which shields the building from rain, heat, snow, sunlight, and wind. The roofing market includes various types of roofing such as asphalt roofing, metal roofing, tile roofing, and others.

The North America Roofing Market industry experiences growth owing to various factors such as rise in construction industry, rapid urbanization, and technological innovations, which drive the growth of the market. According to the reports from the World Urbanization Prospect, about 54% population belonged to urban areas in 2014, which is projected to reach 66% by 2050, thereby fueling the market growth. Furthermore, rise in standard of living of people boosts the demand for re-roofing construction projects. Rise in air pollution, loss of biodiversity and increase in formation of urban heat island are the factors that make way for green roof technology to decrease environmental degradation.

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Major players are producing high-quality and high-performance roofing to ensure energy efficiency, thereby stimulating the growth of the market. For instance, Boral offers different types of roofing such as clay, concrete, composite, and steel roofing that meet or exceed the Energy Star reflectivity threshold, and makes buildings more energy-efficient and consequently, more comfortable during the entire year. Hence, augmented energy saving by use of high quality and high-performance roofing is estimated to drive the North America roofing market growth. However, shortage of skilled tradespeople is one of the major challenges faced by the North America roofing industry. On the contrary, technological improvements are anticipated to offer lucrative opportunities for the players in the North America roofing market.

The North America Roofing market is segmented based on type, roof type, material type, application, and country. Based on type, the market is divided into shingle roofing, tile roofing, engineered solution roofing, paneled roofing, and structural concrete roofing. The shingle roofing segment is anticipated to dominate the North America Roofing market throughout the study period in terms of value. Based on roof type, the market is bifurcated into flat roof and slope roof. The flat roof segment is anticipated to dominate the North America Roofing market throughout the study period in value terms. Based on material type, the market is divided into metal, wood, clay and slate, asphalt, concrete, and membrane.

On the basis of application, the market is categorized into residential, commercial, and industrial. The residential segment is expected to dominate the market during the forecast period. Based on country, the North America roofing market is analyzed across the U.S. and Canada. U.S. is expected to dominate the market throughout the forecast period due to rise in income levels, rapid urbanization & industrialization, and increase in government initiative to invest in infrastructure development. The key players profiled in this report include Beacon Roofing Supply, Inc., Berkshire Hathway, Bridgestone Americas, Carlisle Companies Incorporated, CertainTeed (Saint Gobain), FiberTite (Seaman Corporation), GAF Materials Corporation, IKO Industries, Owens Corning, and Sika Group.

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KEY BENEFITS FOR STAKEHOLDERS

  • The study provides an in-depth analysis of the North America Roofing market, and current & future trends to elucidate the imminent investment pockets.
  • Information about the key drivers, restraints, and opportunities and their impact on the market is provided.
  • Porter’s five forces analysis illustrates the potency of buyers and suppliers operating in the industry.
  • The quantitative analysis of the market from 2017 to 2025 is provided to determine the market potential.

KEY MARKET SEGMENT

By Type

  • Shingle Roofing
  • Tile Roofing
  • Engineered Solution Roofing
  • Paneled Roofing
  • Structural Concrete Roofing

By Material Type

  1. Metal
  2. Wood
  3. Clay and slate
  4. Asphalt
  5. Concrete
  6. Membrane
  • PVC
  • TPO
  • EPDM
  • Torch-on
  • Spray-on
  • BUR

By Roof Type

  • Flat roof
  • Slope roof

By Application

  • Residential
  • Commercial
  • Industrial

By Country

  • U.S.
  • Canada

KEY MARKET PLAYERS PROFILED IN THE REPORT

  • Beacon Roofing Supply, Inc.
  • Berkshire Hathway
  • Bridgestone Americas
  • Carlisle Companies Incorporated
  • CertainTeed (Saint Gobain)
  • FiberTite (Seaman Corporation)
  • GAF Materials Corporation
  • IKO Industries
  • Owens Corning
  • Sika Group

 

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Sumedh is a content marketing coordinator and social media manager for The Innovative Reports and Market Research Analyst. Sumedh holds a Bachelor's Degree in Communications and Public Relations from University of Pune and offers many years of experience in various forms of writing. Some of her favorite hobbies include exploring new music, creative writing and spending time with his dogs.

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