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Global Roofing Industry Report: Regional Analysis; Key Segmentation and Scope; Industry Opportunities and Challenges; Market Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis, Key Indicators for Demand, Key Indicators for Price; Value Chain Analysis; Industry Events and Developments; Competitive Landscape, 2022-2027

Roofing Industry Report by Regional Category Spend, Price Analysis, Key Demand, and Price Indicators, and Best Buying Practices


The global Roofing market reached a value of about USD 116.44 billion in 2021. The industry is projected to grow at a CAGR of around 4.9% in the forecast period of 2022-2027 to reach a value of about USD 155.15 billion by 2027.

The global Roofing industry report gives a comprehensive analysis of the industry, including key segments, trends, drivers, restraints, the competitive landscape, and other essential market aspects. The growing construction sector is propelling the industry forward. The Asia Pacific is the highest category spender by region that is driving the demand for the Roofing industry.

Industry Definition and Segmentation

The process of placing an exterior covering on a building's roof is known as roofing. It is a type of building envelope comprised mostly of polymer, concrete, metal, or other materials that protects the structure's walls from rain, snow, sunshine, temperature extremes, and wind. The Roofing industry report comprises segments by Type (Asphalt Shingles, Metal, Tiles, Wood Shingles, Green Roofs, Others), Application (Residential, Commercial), Installation Cost by Roof Type (Asphalt Shingles, Metal, Tiles), and Region (North America, Europe, Asia Pacific, the Middle East, and Africa, and South America).

The Asia Pacific Region is Driving the Growth of the Industry

The Asia Pacific holds a significant share in the market and is the fastest developing region due to the rapidly expanding building sector in developing nations like China, India, and the Middle East. Due to shifting lifestyles and growing urbanisation in the region's developing countries, commercial facilities, including theatres and retail centres, are being built, furthering the market demand. Other factors like growing population, industrialisation, repair, and restoration projects, and building activities propel the industry forward.

The industry is being propelled by the rising construction activities, which are driving up demand for roofing internationally. Rapid urbanisation in emerging nations has boosted the construction industry's expansion, boosting the market growth. The growing construction of commercial structures such as multiplexes and shopping complexes has assisted market expansion. Other crucial factors such as increased urbanisation, technological improvements, and an increase in building activities.

However, a shortage of experienced workforce for installation, fluctuating raw material costs, a lack of safety awareness, the emergence of unorganised operators, and installation issues in some locations are likely to impact the market negatively.

Best Procurement Practices

The global Roofing industry report by Procurement Resource gives an in-depth analysis of the best buying practices followed by major global Roofing regions, such as engagement models, contract terms, and buyer and supplier negotiation levers, among others.

Category Management Studies

The structure's walls are shielded from wind, rain, snow, sunlight, severe temperatures, and other elements by roofing, a building envelope mainly made of polymer, concrete, metal, or other materials. Some potential forms are hipped, arched, butterfly, flat, mono-pitched, and domed. Typically, bitumen, ceramic coated granules, clay, sand, concrete, and polycarbonate are used to construct the roofs of residential and commercial structures, including offices, hotels, and educational institutions. The system defines the characteristics of the top it covers, available roofing materials, regional building customs, and general architectural design and practice ideas.

Growing Government Initiatives, Further Driving the Roofing Market

The industry is developing due to the growing popularity of Green and eco-friendly roofs which minimises power waste by reducing air conditioning consumption over time, improving air quality, and extending the roof's life span. Furthermore, initiatives focusing on energy-efficient projects, such as rehabilitating existing buildings and replacing old roofs with new ones, propel the roofing industry forward. Governments in emerging and established countries want to provide residents incentives to replace old roofs with more energy-efficient ones. This is projected to spur economic growth by creating new employment and increasing labour demand in the building industry.

The regional markets for the industry can be divided into North America, South America, Europe, the Middle East and Africa, and the Asia Pacific.

Key Industry Players Mentioned in the Roofing Industry Report

  • Carlisle Companies (NYSE: CSL)
  • Owens Corning
  • BMI Group
  • Saint Gobain
  • Wienerberger AG

Market Landscape

The existence of a variety of small and large-scale vendors characterises the worldwide market, resulting in a moderate level of concentration. To improve their market penetration and maintain the fierce rivalry in the industry, the top players in the global roofing market have used essential tactics such as product introduction and company growth. The market's leading roofing material producers are concentrating on providing acceptable and novel roofing materials that are sturdy and long-lasting. To maintain product quality, many roofing product producers are focusing on backward integration.

Key Initiatives by Companies

  • In October 2019, a New Version of Solar roof tiles was announced by Tesla to reinvigorate its renewable energy industry. Solar Roof version 3 uses various materials and parts from prior models to ensure that it is easier to install than conventional roofing tiles.
  • Beacon Roofing Supply Inc purchased Allied Building Products Corp in January 2018. This purchase significantly boosted Beacon's reputation as one of the significant distributors of building materials in bulk publicly traded in the US and Canada.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Snapshot
    6.1    Global
    6.2    Regional
7    Industry Opportunities and Challenges
8    Global Roofing Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Roofing Historical Market (2017-2021) 
    8.3    Global Roofing Market Forecast (2022-2027)
    8.4    Global Roofing Market by Type
        8.4.1    Asphalt Shingles
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2017-2021)
            8.4.1.3    Forecast Trend (2022-2027)
        8.4.2    Metal
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2017-2021)
            8.4.2.3    Forecast Trend (2022-2027)
        8.4.3    Tiles
            8.4.3.1    Market Share
            8.4.3.2    Historical Trend (2017-2021)
            8.4.3.3    Forecast Trend (2022-2027)
        8.4.4    Wood Shingles
            8.4.4.1    Market Share
            8.4.4.2    Historical Trend (2017-2021)
            8.4.4.3    Forecast Trend (2022-2027)
        8.4.5    Green Roofs
            8.4.5.1    Market Share
            8.4.5.2    Historical Trend (2017-2021)
            8.4.5.3    Forecast Trend (2022-2027)
        8.4.6    Others
    8.5    Global Roofing Market by Application
        8.5.1    Residential
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2017-2021)
            8.5.1.3    Forecast Trend (2022-2027)
        8.5.2    Commercial
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2017-2021)
            8.5.2.3    Forecast Trend (2022-2027)
    8.6    Installation Cost by Roof Type 
        8.6.1    Asphalt Shingles
        8.6.2    Metal
        8.6.3    Tiles
    8.7    Global Roofing Market by Region
        8.7.1    Market Share
            8.7.1.1    North America
            8.7.1.2    Europe
            8.7.1.3    Asia Pacific
            8.7.1.4    Latin America
            8.7.1.5    Middle East and Africa
9    Regional Analysis
    9.1    North America
        9.1.1    Historical Trend (2017-2021)
        9.1.2    Forecast Trend (2022-2027)
        9.1.3    Breakup by Country
            9.1.3.1    United States of America 
            9.1.3.2    Canada
    9.2    Europe
        9.2.1    Historical Trend (2017-2021)
        9.2.2    Forecast Trend (2022-2027)
        9.2.3    Breakup by Country
            9.2.3.1    United Kingdom
            9.2.3.2    Germany
            9.2.3.3    France
            9.2.3.4    Italy
            9.2.3.5    Others
    9.3    Asia Pacific
        9.3.1    Historical Trend (2017-2021)
        9.3.2    Forecast Trend (2022-2027)
        9.3.3    Breakup by Country
            9.3.3.1    China
            9.3.3.2    Japan
            9.3.3.3    India
            9.3.3.4    ASEAN
            9.3.3.5    Australia
            9.3.3.6    Others
    9.4    Latin America
        9.4.1    Historical Trend (2017-2021)
        9.4.2    Forecast Trend (2022-2027)
        9.4.3    Breakup by Country
            9.4.3.1    Brazil
            9.4.3.2    Argentina
            9.4.3.3    Mexico
            9.4.3.4    Others
    9.5    Middle East and Africa
        9.5.1    Historical Trend (2017-2021)
        9.5.2    Forecast Trend (2022-2027)
        9.5.3    Breakup by Country
            9.5.3.1    Saudi Arabia
            9.5.3.2    United Arab Emirates
            9.5.3.3    Nigeria
            9.5.3.4    South Africa
            9.5.3.5    Others
10    Market Dynamics
    10.1    SWOT Analysis
        10.1.1    Strengths
        10.1.2    Weaknesses
        10.1.3    Opportunities
        10.1.4    Threats
    10.2    Porter’s Five Forces Analysis
        10.2.1    Supplier’s Power
        10.2.2    Buyer’s Power
        10.2.3    Threat of New Entrants
        10.2.4    Degree of Rivalry
        10.2.5    Threat of Substitutes
    10.3    Key Indicators for Demand
    10.4    Key Indicators for Price
11    Trade Data Analysis (HS Codes - 6905,6810,6807) 
    11.1    Major Importing Countries
        11.1.1    By Volume
        11.1.2    By Value
    11.2    Major Exporting Countries
        11.2.1    By Volume
        11.2.2    By Value
12    Price Analysis
    12.1    North America Price Trends (2017-2021) And Forecast (2022-2027)
        12.1.1    Asphalt Shingles 
        12.1.2    Steel 
        12.1.3    Aluminium 
        12.1.4    Clay Tiles 
        12.1.5    Concrete Tiles 
        12.1.6    Slates
    12.2    Europe Historical Price Trends (2017-2021) And Forecast (2022-2027)
        12.2.1    Asphalt Shingles 
        12.2.2    Steel 
        12.2.3    Aluminium 
        12.2.4    Clay Tiles 
        12.2.5    Concrete Tiles 
        12.2.6    Slates
    12.3    Asia Pacific Historical Price Trends (2017-2021) And Forecast (2022-2027)
        12.3.1    Asphalt Shingles 
        12.3.2    Steel 
        12.3.3    Aluminium 
        12.3.4    Clay Tiles 
        12.3.5    Concrete Tiles 
        12.3.6    Slates
    12.4    Latin America Historical Price Trends (2017-2021) And Forecast (2022-2027)
        12.4.1    Asphalt Shingles 
        12.4.2    Steel 
        12.4.3    Aluminium 
        12.4.4    Clay Tiles 
        12.4.5    Concrete Tiles 
        12.4.6    Slates
    12.5    Middle East and Africa Historical Price Trends (2017-2021) And Forecast (2022-2027)
        12.5.1    Asphalt Shingles 
        12.5.2    Steel 
        12.5.3    Aluminium 
        12.5.4    Clay Tiles 
        12.5.5    Concrete Tiles 
        12.5.6    Slates
13    Competitive Landscape
    13.1    Market Structure
    13.2    Key Players 
    13.3    Company Profiles
        13.3.1    Carlisle Companies (NYSE: CSL)
            13.3.1.1    Company Overview
            13.3.1.2    Product Portfolio
            13.3.1.3    Demographic Reach and Achievements
            13.3.1.4    Certifications
        13.3.2    Owens Corning
            13.3.2.1    Company Overview
            13.3.2.2    Product Portfolio
            13.3.2.3    Demographic Reach and Achievements
            13.3.2.4    Certifications
        13.3.3    BMI Group
            13.3.3.1    Company Overview
            13.3.3.2    Product Portfolio
            13.3.3.3    Demographic Reach and Achievements
            13.3.3.4    Certifications
        13.3.4    Saint Gobain
            13.3.4.1    Company Overview
            13.3.4.2    Product Portfolio
            13.3.4.3    Demographic Reach and Achievements
            13.3.4.4    Certifications
        13.3.5    Wienerberger AG 
            13.3.5.1    Company Overview
            13.3.5.2    Product Portfolio
            13.3.5.3    Demographic Reach and Achievements
            13.3.5.4    Certifications
        13.3.6    Beacon Roofing Supply, Inc.
            13.3.6.1    Company Overview
            13.3.6.2    Product Portfolio
            13.3.6.3    Demographic Reach and Achievements
            13.3.6.4    Certifications
        13.3.7    Duro-Last, Inc.
            13.3.7.1    Company Overview
            13.3.7.2    Product Portfolio
            13.3.7.3    Demographic Reach and Achievements
            13.3.7.4    Certifications
        13.3.8    Atlas Roofing Corporation 
            13.3.8.1    Company Overview
            13.3.8.2    Product Portfolio
            13.3.8.3    Demographic Reach and Achievements
            13.3.8.4    Certifications
        13.3.9    Others
14    Industry Events and Developments
 

Additional Customisations Available

1    Value Chain Analysis
2    Manufacturing Process

    2.1    Detailed Process Flow
    2.2    Operations Involved
    2.3    Mass Balance
3    Project Details and Cost Analysis
    3.1    Land, Location, and Site Development
    3.2    Construction
    3.3    Plant Machinery
    3.4    Raw Material
    3.5    Packaging
    3.6    Transportation
    3.7    Utilities
    3.8    Manpower
    3.9    Other Capital Investment

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Key Questions Answered in the Report

The global Roofing market size was valued at USD 116.44 billion in 2021.

In the forecast period of 2022-2027, the market is projected to grow at a CAGR of 4.9%.

The significant demand for sustainable roofing is one of the essential drivers of the Roofing market growth.

Carlisle Companies (NYSE: CSL), Owens Corning, BMI Group, Saint Gobain, Wienerberger AG, Beacon Roofing Supply, Inc., Duro-Last, Inc., Atlas Roofing Corporation, and others are some of the key companies in the market.

The Asia Pacific region of the Roofing industry holds a significant share in the market.

Analyst Review

The global Roofing market attained a value of USD 116.44 billion in 2021, driven by the rising construction activities, which is driving up demand for roofing internationally. Other crucial factors such as increased urbanisation, technological improvements, and an increase in building activities. Aided by the growing popularity of Green and eco-friendly roofs which minimises power waste by reducing air conditioning consumption over time, improving air quality, and extending the roof's life span, the market is expected to witness further growth in the forecast period of 2022-2027, growing at a CAGR of 4.9%. The market is projected to reach USD 155.15 billion by 2027. Some of the leading players in the industry are Carlisle Companies (NYSE: CSL), Owens Corning, BMI Group, Saint Gobain, Wienerberger AG, Beacon Roofing Supply, Inc., Duro-Last, Inc., Atlas Roofing Corporation, and Others.

Procurement Resources' detailed research approach explores deep into the industry, encompassing the macro and micro aspects of the industry. Its team of experts uses a combination of cutting-edge analytical tools and their expertise, thus, delivering its customers with market insights that are accurate and actionable and help them remain ahead of their competition.

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