PUBLISHER: The Business Research Company | PRODUCT CODE: 1678331
PUBLISHER: The Business Research Company | PRODUCT CODE: 1678331
Roofing involves the application of an external covering on the roof of a building, which may be self-supporting or upheld by underlying structures. The chosen roofing materials confer various advantages to the structure, including temperature maintenance and waterproofing.
The primary types of roofing are flat roofs and sloped roofs. Flat roofs provide a level surface in contrast to the various types of sloped roofs. These flat roofs are often utilized to cover terraces and can serve various purposes such as recreational activities, gardening, relaxation, and hosting events. They are widely employed in residential construction. Roofing materials encompass bituminous roofing, metal roofing, tile roofing, and other materials such as RCC (Reinforced Cement Concrete) and plastics. These materials find applications in residential, commercial, and non-residential constructions.
The roofing market research report is one of a series of new reports from The Business Research Company that provides roofing market statistics, including roofing industry global market size, regional shares, competitors with a roofing market share, detailed roofing market segments, market trends and opportunities, and any further data you may need to thrive in the roofing industry. This roofing market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
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.
The growing infrastructure development is anticipated to drive the expansion of the roofing market in the future. Infrastructure encompasses the construction of physical structures such as bridges, highways, roads, and sewage systems. Roofing is essential for any construction, as it protects the building from rain, snow, sunlight, wind, and extreme temperatures. For example, in June 2024, TST Europe AG, a Switzerland-based machinery parts manufacturing company, reported that total infrastructure construction spending in the United States was $1.84 trillion in 2022, marking a 7.4% increase to $1.98 trillion in 2023. Thus, the surge in infrastructure development is propelling the growth of the roofing market.
The rise in climate change is expected to enhance the growth of the roofing market moving forward. Climate change refers to long-term alterations in atmospheric conditions, including temperature, precipitation, humidity, wind, and other factors over an extended period. Roofing materials can significantly contribute to both mitigating and adapting to climate change, as homeowners and builders increasingly prioritize weather-resistant and energy-efficient solutions to tackle climate challenges. For instance, in January 2023, the National Oceanic and Atmospheric Administration (NOAA), a US-based government agency, reported that costs associated with climate change-related disasters rose from $155.3 billion in 2021 to $165.1 billion in 2022. Therefore, the impact of climate change is driving the growth of the roofing market.
New technological advancements have emerged as a prominent trend in the roofing market. Leading companies in the roofing sector are concentrating on these innovations to maintain their growth. For instance, in January 2022, GAF, a US-based manufacturer of solar roofs, introduced its new product, Timberline Solar, which utilizes solar roof technology. This product generates energy from sunlight, which can be used for household applications. Timberline Solar is designed for easy installation and is highly cost-effective. Solar roofs represent the future of clean energy, and Timberline Solar is a groundbreaking innovation in this field.
Major companies in the roofing market are creating innovative products, such as tiled roofs, to attract a broader customer base, boost sales, and increase revenue. A tiled roof consists of individual overlapping units known as tiles. For example, in May 2023, Ruukki Construction, a Finland-based manufacturing firm, launched the Ruukki Pohjalainen tiled roof. This product is notable for its unique features, combining reliable Ruukki quality with advanced water control technology for effective rainwater drainage. Manufactured in Vimpeli, Southern Ostrobothnia, Finland, the Ruukki Pohjalainen is a technically sophisticated and impressive alternative to Ruukki's steel roofing options. Its distinctiveness lies in its innovative manufacturing technology, which includes an extra groove for improved water control, a unique edge fold for easier installation, and a longer pattern length that minimizes the need for roof battens. Suitable for both new constructions and renovations, this product exemplifies a fusion of quality, innovation, and practicality in roofing solutions.
In March 2022, Holcim, a Switzerland-based building manufacturing company, acquired Malarkey Roofing Products, a US-based roofing manufacturer, for an undisclosed amount. This strategic acquisition aligns with Holcim's goal of achieving green growth and expanding its Solutions & Products division to 30% of Group Net Sales by 2025. The move positions Holcim to enter lucrative building categories, ranging from roofing systems to insulation and refurbishment.
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.
Asia-Pacific was the largest region in the roofing market in 2024. The regions covered in the roofing market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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.
The roofing market consists of sales of gable roof, hip roof, and shed roof. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Roofing Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on roofing market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for roofing ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The roofing market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.