What is Roofing Panels?
A roof is a critical factor of any shape and it serves as a layer between the interiors and the outdoor world. Roofing panels, additionally recognised as roofing sheets. Roofing panels are elements that cowl the uppermost section of a shape and shield occupants from herbal phenomena and animals. Panel roofing is made with giant sheets of material, such as metal, fiberglass or even some sorts of plastic (polycarbonate is of the extra frequent plastic sorts and is regularly used in greenhouses). Panel roofs fluctuate from shingle roofs in their look and installation. The roofing sheets market has passed through trade owing to extra industrial functions and a pass in the direction of more moderen fabric instead than traditional ones.
The market study is broken down by Type (Corrugated Roofing Sheets, Polycarbonate Roofing Sheets, Metal Roofing Sheets and Plastic Roofing sheets), by Application (Warehouses, Agricultural Structures, Stadiums, Railway Stations, Garages and Others) and major geographies with country level break-up.
The market is seeing moderate market players, by seeing huge growth in this market the key leading vendors are highly focusing towards the production technologies, efficiency enhancement and product life. There is various growth opportunity in this market which is captured by leading players via tracking the ongoing process enhancement and huge invest in market growth strategies. Analysts at AMA Research estimates that Vendors from United States will contribute to the maximum growth of Global Roofing Panels market throughout the predicted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
ArcelorMittal (Luxembourg), OmniMax International (United States), Kingspan Group (Ireland), Lindab (Sweden), NCI Building Systems (United States), Palram Industries (United States), Rautaruukki (Finland), Umicore Group (Belgium), Tyler Building Systems (United States) and SPIRCO Manufacturing (United States) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are The Garland Company (United States), Fischer Profil (Germany), Firestone Building Products (United States) and Filon Products (United Kingdom).
Segmentation Overview
AdvanceMarketAnalytics has segmented the market of Global Roofing Panels market by Type, Application and Region.
On the basis of geography, the market of Roofing Panels has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Thickness, the sub-segment i.e. 0.5mm – 2mm will boost the Roofing Panels market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End-user, the sub-segment i.e. Non-residential will boost the Roofing Panels market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Material, the sub-segment i.e. Steel will boost the Roofing Panels market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Leaders and their expansionary development strategies
In 2021, Lindab acquires the Swiss ventilation company Tecnovent. Lindab expands its current operations in Switzerland with the acquisition of Tecnovent SA. With the acquisition, Lindab will get access to sales and production of ventilation grilles, roof hoods and rectangular ventilation ducts. Tecnovent has a strong position in the south east part of Switzerland and is currently one of Lindab's distributors.
In 2021, ArcelorMittal inaugurated their first floating solar farm in a ceremony which consisted of 25,000 m2 of solar panels and will produce enough energy to power 800 homes which are local and contribute to Luxembourg’s energy self-sufficiency.
Market Trend
- Corrugated Iron Sheet Has High Demand
Market Drivers
- Increasing demand for Reroofing
- Growing Construction Activities around the World
Opportunities
- A Rise in Construction Sector Worldwide
- Rising Demand for Environmental Friendly Construction Materials
- Rise in Number of Investments and Planned Projects
Restraints
- Cost of Replacement
- More Expensive of Innovative Roofing Materials
Challenges
- Issues with Flashing
- Penetrations Post-Installation
- Leaks
Key Target Audience
Manufacturers of Roofing Panels, Distributors and Suppliers, Raw Material Suppliers, Venture Capitalists, Government Bodies, Corporate Entities, Government and Private Research Organizations and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have the better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with purpose to understand companys positioning regarding market value, volume and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders etc. and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.