The roofing market size is expected to see steady growth in the next few years. It will grow to $327.83 billion in 2028 at a compound annual growth rate (CAGR) of 4.3%. The growth in the forecast period can be attributed to sustainable and eco-friendly practices, resilience to extreme weather events, innovations in roofing materials, energy efficiency requirements, government regulations and building codes. Major trends in the forecast period include customization and aesthetic trends in roof design, integration of green roofing practices, shift towards lightweight and modular roofing solutions, emphasis on weather-resistant coatings and sealants, technological integration in roofing installation and maintenance.
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Segmentation & Regional Insights
The roofing market covered in this report is segmented –
1) By Type: Flat Roof, Slope Roof
2) By Roofing Material: Bituminous Roofing, Metal Roofing, Tile Roofing, Other Roofing Materials
3) By Application: Residential, Commercial, Non-Residential
Asia-Pacific was the largest region in the roofing market in 2023. The regions covered in the roofing market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
The increasing infrastructure development is expected to propel the growth of the roofing market going forward. Infrastructure refers to the construction of physical structures such as bridges, highways, roads, and sewage systems. Roofing is a must for every construction as it helps in protecting the building against rain, snow, sunlight, wind, and extremes of temperature. For instance, according to IIFL Holdings Limited, an India based financial services company, in the year 2021 Government of India allocated 1.89 billion in their union budget for the development of infrastructure in India through Atal Mission for Rejuvenation & Urban Transformation (AMRUT) and Smart Cities Mission. To have a faster infrastructure development it launched two new schemes known as Housing for All and Smart Cities Mission. Also, for the year 2021, according to India Brand Equity Foundation, an India based government agency, infrastructure activities accounted for a 13% share of the total FDI (Foreign Direct Investment) inflows of USD 81.72 billion. Therefore, the increasing infrastructure development is driving the growth of the roofing market.
Key Industry Players
Major companies operating in the roofing market report are Hindalco Industries Ltd., ABC Roofing Company Inc., Owens Corning, Carlisle Companies Inc., Etex SA, GAF Materials Corporation, CertainTeed Corporation, BMI Group Services GmbH, Atlas Roofing Corporation, Tamko Building Products Inc., Duro-Last Inc., Best Roofing Services Corp., Apex Roofing Contractors Ltd., Champion Roofing & Construction Inc., Bob’s Roofing & Repair Inc., Clear Choice Roofing Corp., Braas Monier Building Group Services S.A., Acme Roofing Solutions LLC, Dependable Roofing & Sheet Metal Ltd., Eagle Roofing Company Inc., Elite Roofing Specialists LLC, Excel Roofing Contractors Corp., First Choice Roofing Services Inc., Five Star Roofing Company LLC, Golden Eagle Roofing & Construction Corp., Guardian Roofing & Repair Ltd., Hamilton Roofing Specialists Inc., Integrity Roofing & Siding LLC, J&J Roofing Contractors Corp., Keystone Roofing & Construction Inc., Knight Roofing Services LLC, Precision Roofing & Construction Ltd., Pro Roofing Specialists Inc.
The roofing market report table of contents includes:
1. Executive Summary
2. Roofing Market Characteristics
3. Roofing Market Trends And Strategies
4. Roofing Market – Macro Economic Scenario
5. Global Roofing Market Size and Growth
………………….
32. Global Roofing Market Competitive Benchmarking
33. Global Roofing Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Roofing Market
35. Roofing Market Future Outlook and Potential Analysis
36. Appendix
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