Roofing Market:
GMI Research’s recent analysis, global roofing market, forecast to 2027, examines the trends in this market and how they are evolving across the different key geographic regions of the world. The rising construction industry, rapid urbanization, and the growing investments in the renovation and redevelopment of buildings are the key factors driving the growth of the roofing market.
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Roofing Market’s leading Manufacturers:
- Atlas Roofing Corporation
- Duro-Last Inc.
- BASF SE
- 3M Company
- The DOW Chemical Company
- Owens Corning
- Berkshire Hathaway Company
- IKO Industries Ltd.
- TAMKO Building Products LLC
- Sika AG
Roofing Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)
Key Drivers
The global roofing market is projected to experience strong demand over the coming years due to the rising construction industry, rapid urbanization, and the growing investments in the renovation and redevelopment of buildings across the world. Moreover, the strong demand for advanced roofing materials from commercial, industrial, and residential sectors is the major factor propelling the roofing market’s growth. Furthermore, several exceptional benefits offered by advanced roofing materials and coatings, such as increased durability, superior heat reflection property, improved aesthetics, enhanced air quality, and ease of installation, among other benefits, are other factors that will have a positive influence on the demand of the market in the upcoming years. In addition to this, technological advancements like the development of eco-friendly roofing materials that include the introduction of reflective coatings, green roofing, solar roofing, and cool roofing are projected to create various new opportunities for the market. On the other hand, the factors hindering the growth of the roofing market include a lack of awareness associated with the benefits of roofing systems and high installation costs.
Regional Drivers
Based on the region, North America is projected to dominate the roofing market owing to the rapid economic development, high per capita expenditure, and rising number of smart homes in the region. On the other hand, the Asia-Pacific region is anticipated to witness a higher CAGR in the roofing market during the forecast period. This is primarily due to the rapid urbanization and rise in the number of non-residential buildings, including hotels, schools, malls, corporate offices, and hospitals in emerging economies, including China, Japan, India, Indonesia, and South Korea.
Roofing Market Segmentation:
Segmentation by Product Type:
- Bituminous Roofing
- Tile Roofing
- Metal Roofing
- Fibre Cement Roofing
- Plastic Roofing
- Rubber Roofing
Segmentation by Application:
- Residential
- Non-Residential
Segmentation by Region:
- North America
- United States of America
- Canada
- Asia Pacific
- China
- Japan
- India
- Rest of APAC
- Europe
- United Kingdom
- Germany
- France
- Spain
- Rest of Europe
- RoW
- Brazil
- South Africa
- Saudi Arabia
- UAE
- Rest of the world (remaining countries of the LAMEA region)
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GMI Research is a market research and consulting company that provides syndicated research reports, consulting services, and customized market research reports. Our reports are based on market intelligence studies to ensure relevant and fact-based research across numerous sectors, including healthcare, automotive, information technology & communication, FMCG, and other industries. GMI Research’s deep understanding related to the business environment helps us in generating objective strategic insights. Our research teams consisting of seasoned analysts and researchers have hands-on experience in various regions, including Asia-pacific, Europe, North America, and the Rest of the World. The market research report offers in-depth analysis, which contains refined forecasts, a bird’s eye view of the competitive landscape, factors impacting the market growth, and several other market insights to aid companies in making strategic decisions. Featured in the ‘Top 20 Most Promising Market Research Consultants’ list of Silicon India Magazine in 2018, we at GMI Research are always looking forward to help our clients to stay ahead of the curve.
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