The roofing market size has grown steadily in recent years. It will grow from $304.3 billion in 2024 to $318.4 billion in 2025 at a compound annual growth rate (CAGR) of 4.6%. The growth in the historic period can be attributed to construction and real estate growth, urbanization trends, climate and weather conditions, architectural styles and trends, maintenance and replacement needs.
The roofing market size is expected to see steady growth in the next few years. It will grow to $370.41 billion in 2029 at a compound annual growth rate (CAGR) of 3.9%. 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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Which Market drivers have played a significant role in driving the roofing market?
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, in June 2024, according to TST Europe AG, a Switzerland-based machinery parts manufacturing company, total infrastructure construction spending in the United States in 2022 was $1.84 trillion which increased by 7.4% and reached $1.98 trillion in 2023. Therefore, the increasing infrastructure development is driving the growth of the roofing market.
What are the key segments within the roofing market?
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
Subsegments:
1) By Flat Roof: Built-Up roofing (BUR), Modified Bitumen Roofing, Single-Ply Roofing (TPO, PVC, EPDM)
2) By Slope Roof: Asphalt Shingles, Metal Roofing, Tile Roofing, Wood Shakes And Shingles, Slate Roofing
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Which key players are shaping the roofing market?
Major companies operating in the roofing market include 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.
Which transformative trends will shape the roofing market landscape?
New technological innovations have emerged as the key trend gaining popularity in the roofing market. Major companies operating in the roofing market are focused on new technological innovations to sustain their growth in the market. For instance, in January 2022, GAF, a US-based company that manufactures solar roofs launched its new solar roof called Timberline Solar based on solar roof technology. This helps in generating energy by using sunlight and this energy can be used for household purposes. This is very easy to install, and it is most cost-effective. Solar roofs are the future of clean energy, and Timberline Solar is the game-changing innovation in this market.
How do regional factors impact the roofing market, and which region is the largest contributor?
The countries covered in the roofing market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada.
What Does The Roofing Market Report 2025 Offer?
The roofing market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
Roofing is the process of applying an external covering on the roof of a building that is either self-supporting or supported by structures underneath it. The roofing materials offer different types of advantages to the structure such as temperature maintenance, and waterproofing.
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