Industry Background:
Roofing systems are structures that are either pre-fabricated or manufactured onsite for forming the roof of buildings. The Roofing systems market has high growth prospects due to remodeling, repairing and replacements of existing roofs and emphasizes on energy-efficient materials. Additionally, increasing consumer focus adoption of sustainable construction projects and longer life span enhanced the product demand from the construction industry. Rise in the consumer preference towards leakage and corrosion free benefits will further boost the product demand. The major companies are adding more innovative techniques in Asia-Pacific countries as these countries are focused on the fastest-growing verticals for residential and re-roofing activities.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
High Growth Market | Asia Pacific |
Unit | Value (USD Billion) |
Key Companies Profiled | Atlas Roofing Corporation (Georgia), CSR Limited (Australia), Carlisle Companies Incorporated (United States), Berkshire Hathaway, Inc. (United States), The Siam Cement Public Company Limited (Thailand), Owens Corning (United States), Boral Limited (United States), Compagnie de Saint Gobain SA (United States), Braas Monier Building Group SA (United Kingdom) and Etex Group NV (Belgium) |
According to AMA, the market for Roofing Systems is expected to register a CAGR of 3.13% during the forecast period to 2028. This growth is primarily driven by Change in Lifestyle and Disposable Income and Increase in Construction and Infrastructure Activities.
Globally, a noticeable market trend is evident Increase in Megacities Projects
The Building Products sector in the North America region has been increasing at a sustainable rate, and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Manufacturers, such as Atlas Roofing Corporation (Georgia), CSR Limited (Australia), Carlisle Companies Incorporated (United States), Berkshire Hathaway, Inc. (United States), The Siam Cement Public Company Limited (Thailand), Owens Corning (United States), Boral Limited (United States), Compagnie de Saint Gobain SA (United States), Braas Monier Building Group SA (United Kingdom) and Etex Group NV (Belgium), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years. Roofing Systems is a fragmented market due to the presence of several players. The players are focusing on strategic activities like partnerships, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge.
Key Developments in the Market:
In March 2018, West Roofing Systems, Inc. acquired Foam Applications, Inc. This acquisition is beneficial for commercial roofing services and foam application in the U.S. region. It will strengthen the market presence and beneficial to increase its geographical areas.
In June 2019, Sika launched a bituminous roofing system in the UK market. These innovative products are beneficial for the high-performance waterproof solution and advanced roofing technology. It is also beneficial for a new business portfolio and raises market penetration.
Regulatory Insights:
“According to Occupational Safety and Health Administration, it prepares guidelines and standards for roofing workers, the guidelines cover safe practices to prevent falls, other physical injuries, hazardous substance exposures, and injuries and illnesses related to environmental conditions.”
Influencing Trend:
Increase in Megacities Projects and Growing Initiatives by Governments for Affordable Housings
Market Growth Drivers:
Change in Lifestyle and Disposable Income and Increase in Construction and Infrastructure Activities
Challenges:
High Repairing and Maintenance Cost and Defective Materials and Leakage Issues
Restraints:
High Cost Associated with Raw Materials. and Adverse Impact Due to Environmental Pollution Such as Fumes and Vapors
Opportunities:
Rise in Population and Urbanization, Upsurge Demand for Sustainable Roofing Materials, Rising Technological Advancements Such as Drones, Robots, and Others and Increasing Natural Calamities Boost the Market
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Manufacturers landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints in Roofing Systems Market
- Analysis about New Entrants in Roofing Systems Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
- An Unbiased Perspective towards Market Performance & Indicators
Against this Challenging Backdrop, Roofing Systems Study Sheds Light on
The Roofing Systems Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Roofing Systems industry Manufacturers. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Roofing Systems industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Manufacturers can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.