sales@intentmarketresearch.com

  +1 463-583-2713

Roofing Systems Market By Product Type (Asphalt Shingles, Metal Roofing, Tile Roofing, Single-Ply Membrane, Built-Up Roofing, Others), By Application (Residential, Commercial, Industrial, Institutional), By Technology (Green Roofing, Cool Roofing, Traditional Roofing) and By Region; Global Insights & Forecast (2024 – 2030)

Published: November, 2024  
|   Report ID: BCI4220  
|   Building & Construction, Infrastructure

As per Intent Market Research, the Roofing Systems Market was valued at USD 197.7 billion in 2023 and will surpass USD 269.8 billion by 2030; growing at a CAGR of 4.5% during 2024 - 2030.

The roofing systems market is an essential segment of the construction industry, driven by the increasing demand for durable and energy-efficient building materials. With the rise in residential, commercial, and industrial construction, the need for effective roofing solutions has never been more crucial. Roofing systems not only provide protection against various weather conditions but also contribute to energy efficiency, aesthetic appeal, and overall property value. As sustainability becomes a focal point in construction practices, innovations in roofing technologies are emerging, paving the way for greener solutions that enhance urban environments while meeting regulatory standards.

Asphalt Shingles Segment Is Largest Owing to Cost-Effectiveness and Versatility

Within the product type segmentation, asphalt shingles represent the largest subsegment, primarily due to their cost-effectiveness and versatility. Asphalt shingles are widely used in residential roofing due to their affordability and ease of installation. They offer a range of styles, colors, and textures, allowing homeowners to customize their roofs to match their aesthetic preferences. This flexibility makes asphalt shingles a popular choice for both new constructions and roofing renovations.

Moreover, the durability of asphalt shingles contributes to their dominant position in the market. These shingles can withstand various weather conditions, including rain, snow, and high winds, making them suitable for diverse climates. With a typical lifespan of 20 to 30 years, asphalt shingles provide long-term value to homeowners. As a result, the asphalt shingles segment is expected to maintain its leadership in the roofing systems market as consumer preference continues to lean toward reliable and economical roofing solutions.

Metal Roofing Segment Is Fastest Growing Because Of Durability and Energy Efficiency

In the product type category, metal roofing is the fastest-growing subsegment, driven by increasing awareness of its durability and energy efficiency. Metal roofs are known for their longevity, with lifespans that can exceed 50 years, making them an attractive investment for homeowners and builders alike. This durability not only reduces the frequency of replacement but also minimizes waste, aligning with growing sustainability concerns in the construction industry.

Additionally, metal roofing systems offer superior energy efficiency compared to traditional materials. Their reflective properties help reduce heat absorption, which can lower cooling costs during hot months. This energy efficiency is becoming increasingly important as property owners seek to reduce their environmental footprint and utility expenses. With a growing trend towards green building practices, the metal roofing segment is positioned for robust growth as more consumers and builders prioritize sustainable and energy-efficient roofing options.

Residential Application Segment Is Largest Owing to Increased Housing Demand

In terms of application, the residential segment is the largest, primarily driven by the increasing demand for new housing. The global housing market has experienced a significant upturn, leading to a heightened need for roofing solutions that cater to both new builds and renovations. As more individuals and families seek homeownership, the demand for high-quality roofing systems is set to rise.

Furthermore, residential roofing solutions are evolving to incorporate advanced technologies that enhance energy efficiency and sustainability. For instance, homeowners are increasingly opting for green roofing options, which not only provide insulation but also contribute to stormwater management and biodiversity. This growing focus on sustainable living is expected to bolster the residential application segment, as consumers prioritize roofing solutions that align with their environmental values.

Roofing Systems Market By Product Type

Cool Roofing Technology Segment Is Fastest Growing Because Of Urban Heat Management

Within the technology segment, cool roofing is the fastest-growing category, driven by the need for urban heat management and energy conservation. Cool roofing systems are designed to reflect more sunlight and absorb less heat than traditional roofing materials, which significantly reduces indoor temperatures. This feature is particularly advantageous in urban areas, where the heat island effect can exacerbate energy consumption and discomfort during hot weather.

As cities continue to grapple with rising temperatures and climate change, cool roofing technologies are becoming increasingly relevant. Government regulations and incentives promoting energy-efficient solutions further enhance the appeal of cool roofing systems. As awareness of the benefits of cool roofs spreads, this segment is expected to experience substantial growth, positioning itself as a key player in the roofing systems market.

North America Is the Largest Region Owing to Robust Construction Activity

North America stands as the largest region in the roofing systems market, driven by robust construction activity and a growing focus on energy efficiency. The region's well-established residential and commercial construction sectors contribute significantly to the demand for various roofing solutions. Additionally, regulatory frameworks that emphasize energy-efficient building practices further bolster the market for roofing systems.

Moreover, the trend toward sustainable construction is influencing consumer preferences in North America. As more property owners and builders seek roofing solutions that provide both performance and environmental benefits, the market for advanced technologies like green and cool roofing is expanding. This combination of factors ensures that North America will continue to lead the roofing systems market, with significant opportunities for innovation and growth.

Roofing Systems Market size share by region

Competitive Landscape and Leading Companies

The roofing systems market is characterized by intense competition, with several leading companies striving to maintain their market positions through innovation and strategic initiatives. Companies such as GAF Materials, Owens Corning, and CertainTeed Corporation are recognized for their extensive product offerings and commitment to quality. These market leaders continuously invest in research and development to create advanced roofing materials that meet the evolving needs of consumers and regulatory standards.

Mergers and acquisitions are common strategies in this competitive landscape, as companies seek to expand their product portfolios and enter new markets. The emphasis on sustainability and energy efficiency is also driving competition, with manufacturers focusing on eco-friendly roofing solutions that resonate with environmentally conscious consumers. As the roofing systems market continues to evolve, companies that prioritize innovation, sustainability, and customer satisfaction will be well-positioned for success.

Recent Company News Involving Roofing Systems

  • Owens Corning recently unveiled a new line of energy-efficient roofing shingles designed to improve insulation and reduce heating and cooling costs for homeowners.
  • GAF Materials Corporation has introduced a range of eco-friendly roofing products aimed at promoting sustainability in construction and reducing environmental impact.
  • CertainTeed announced the acquisition of a prominent metal roofing manufacturer, enhancing its product offerings and expanding its market presence in the roofing systems sector.
  • Tremco Incorporated has received regulatory approval for its new roofing technology that enhances waterproofing and longevity, positioning it as a leader in the roofing materials market.
  • Carlisle Companies announced the expansion of its manufacturing facilities to increase production capacity for single-ply roofing membranes in response to growing market demand.

List of Leading Companies:

  • Atlas Roofing Corporation
  • Boral Limited
  • Braas Monier Building Group
  • Carlisle Companies Incorporated
  • CertainTeed Corporation
  • Duro-Last Roofing, Inc
  • Firestone Building Products
  • GAF Materials Corporation
  • IKO Industries Ltd.
  • James Hardie Industries
  • Metal Sales Manufacturing Corporation
  • Owens Corning
  • Saint-Gobain
  • Sika AG
  • Tremco Incorporated

Report Scope:

Report Features

Description

Market Size (2023)

USD 197.7 billion

Forecasted Value (2030)

USD 269.8 billion

CAGR (2024 – 2030)

4.5%

Base Year for Estimation

2023

Historic Year

2022

Forecast Period

2024 – 2030

Report Coverage

Market Forecast, Market Dynamics, Competitive Landscape, Recent Developments

Segments Covered

Roofing Systems Market By Product Type (Asphalt Shingles, Metal Roofing, Tile Roofing, Single-Ply Membrane, Built-Up Roofing, Others), By Application (Residential, Commercial, Industrial, Institutional), By Technology (Green Roofing, Cool Roofing, Traditional Roofing)

Regional Analysis

North America (US, Canada, Mexico), Europe (Germany, France, UK, Italy, Spain, and Rest of Europe), Asia-Pacific (China, Japan, South Korea, Australia, India, and Rest of Asia-Pacific), Latin America (Brazil, Argentina, and Rest of Latin America), Middle East & Africa (Saudi Arabia, UAE, Rest of Middle East & Africa)

Customization Scope

Customization for segments, region/country-level will be provided. Moreover, additional customization can be done based on the requirements

1. Introduction

   1.1. Market Definition

   1.2. Scope of the Study

   1.3. Research Assumptions

   1.4. Study Limitations

2. Research Methodology

   2.1. Research Approach

      2.1.1. Top-Down Method

      2.1.2. Bottom-Up Method

      2.1.3. Factor Impact Analysis

  2.2. Insights & Data Collection Process

      2.2.1. Secondary Research

      2.2.2. Primary Research

   2.3. Data Mining Process

      2.3.1. Data Analysis

      2.3.2. Data Validation and Revalidation

      2.3.3. Data Triangulation

3. Executive Summary

   3.1. Major Markets & Segments

   3.2. Highest Growing Regions and Respective Countries

   3.3. Impact of Growth Drivers & Inhibitors

   3.4. Regulatory Overview by Country

4. Roofing Systems Market, by Product Type (Market Size & Forecast: USD Million, 2022 – 2030)

   4.1. Asphalt Shingles

   4.2. Metal Roofing

   4.3. Tile Roofing

   4.4. Single-Ply Membrane

   4.5. Built-Up Roofing

   4.6. Others

5. Roofing Systems Market, by Application (Market Size & Forecast: USD Million, 2022 – 2030)

   5.1. Residential

   5.2. Commercial

   5.3. Industrial

   5.4. Institutional

6. Roofing Systems Market, by Technology (Market Size & Forecast: USD Million, 2022 – 2030)

   6.1. Green Roofing

   6.2. Cool Roofing

   6.3. Traditional Roofing

7. Regional Analysis (Market Size & Forecast: USD Million, 2022 – 2030)

   7.1. Regional Overview

   7.2. North America

      7.2.1. Regional Trends & Growth Drivers

      7.2.2. Barriers & Challenges

      7.2.3. Opportunities

      7.2.4. Factor Impact Analysis

      7.2.5. Technology Trends

      7.2.6. North America Roofing Systems Market, by Product Type

      7.2.7. North America Roofing Systems Market, by Application

      7.2.8. North America Roofing Systems Market, by Technology

      7.2.9. By Country

         7.2.9.1. US

               7.2.9.1.1. US Roofing Systems Market, by Product Type

               7.2.9.1.2. US Roofing Systems Market, by Application

               7.2.9.1.3. US Roofing Systems Market, by Technology

         7.2.9.2. Canada

         7.2.9.3. Mexico

*Similar segmentation will be provided for each region and country

   7.3. Europe

   7.4. Asia-Pacific

   7.5. Latin America

   7.6. Middle East & Africa

8. Competitive Landscape

   8.1. Overview of the Key Players

   8.2. Competitive Ecosystem

      8.2.1. Level of Fragmentation

      8.2.2. Market Consolidation

      8.2.3. Product Innovation

   8.3. Company Share Analysis

   8.4. Company Benchmarking Matrix

      8.4.1. Strategic Overview

      8.4.2. Product Innovations

   8.5. Start-up Ecosystem

   8.6. Strategic Competitive Insights/ Customer Imperatives

   8.7. ESG Matrix/ Sustainability Matrix

   8.8. Manufacturing Network

      8.8.1. Locations

      8.8.2. Supply Chain and Logistics

      8.8.3. Product Flexibility/Customization

      8.8.4. Digital Transformation and Connectivity

      8.8.5. Environmental and Regulatory Compliance

   8.9. Technology Readiness Level Matrix

   8.10. Technology Maturity Curve

   8.11. Buying Criteria

9. Company Profiles

   9.1. Atlas Roofing Corporation

      9.1.1. Company Overview

      9.1.2. Company Financials

      9.1.3. Product/Service Portfolio

      9.1.4. Recent Developments

      9.1.5. IMR Analysis

      *Similar information will be provided for other companies 

   9.2. Boral Limited

   9.3. Braas Monier Building Group

   9.4. Carlisle Companies Incorporated

   9.5. CertainTeed Corporation

   9.6. Duro-Last Roofing, Inc

   9.7. Firestone Building Products

   9.8. GAF Materials Corporation

   9.9. IKO Industries Ltd.

   9.10. James Hardie Industries

   9.11. Metal Sales Manufacturing Corporation

   9.12. Owens Corning

   9.13. Saint-Gobain

   9.14. Sika AG

   9.15. Tremco Incorporated

10. Appendix

 

Let us connect with you TOC

I have read the Terms & Conditions and Privacy Policy I agree to its terms

A comprehensive market research approach was employed to gather and analyze data on the Roofing Systems Market. In the process, the analysis was also done to analyze the parent market and relevant adjacencies to measure the impact of them on the Roofing Systems Market. The research methodology encompassed both secondary and primary research techniques, ensuring the accuracy and credibility of the findings.

Research Approach - Roofing Systems Market

Secondary Research

Secondary research involved a thorough review of pertinent industry reports, journals, articles, and publications. Additionally, annual reports, press releases, and investor presentations of industry players were scrutinized to gain insights into their market positioning and strategies.

Primary Research

Primary research involved conducting in-depth interviews with industry experts, stakeholders, and market participants across the Roofing Systems ecosystem. The primary research objectives included:

  • Validating findings and assumptions derived from secondary research
  • Gathering qualitative and quantitative data on market trends, drivers, and challenges
  • Understanding the demand-side dynamics, encompassing end-users, component manufacturers, facility providers, and service providers
  • Assessing the supply-side landscape, including technological advancements and recent developments

Market Size Assessment

A combination of top-down and bottom-up approaches was utilized to analyze the overall size of the Roofing Systems Market. These methods were also employed to assess the size of various subsegments within the market. The market size assessment methodology encompassed the following steps:

  1. Identification of key industry players and relevant revenues through extensive secondary research
  2. Determination of the industry's supply chain and market size, in terms of value, through primary and secondary research processes
  3. Calculation of percentage shares, splits, and breakdowns using secondary sources and verification through primary sources

Bottom Up and Top Down - Roofing Systems Market

Data Triangulation

To ensure the accuracy and reliability of the market size, data triangulation was implemented. This involved cross-referencing data from various sources, including demand and supply side factors, market trends, and expert opinions. Additionally, top-down and bottom-up approaches were employed to validate the market size assessment.

Let us connect with you


I have read the Terms & Conditions and Privacy Policy I agree to its terms
Available Formats
REPORT BUYING OPTIONS


Buy Now