PUBLISHER: The Insight Partners | PRODUCT CODE: 1558371
PUBLISHER: The Insight Partners | PRODUCT CODE: 1558371
The UK roofing market is expected to grow from US$ 6.67 billion in 2023 and is projected to reach US$ 9.47 billion by 2031; it is anticipated to record a CAGR of 4.5% from 2023 to 2031.
The UK roofing market is a significant segment of the construction industry, driven by both residential and commercial building projects. This market encompasses a variety of roofing materials, including tiles, slates, metals, and synthetic options, each catering to different aesthetic preferences and functional requirements. The market is characterized by a steady demand for renovation and refurbishment activities, fueled by aging housing stock and a growing emphasis on energy efficiency and sustainability. Innovations in roofing technologies, such as green roofs and solar-integrated systems, are increasingly gaining traction as environmental regulations tighten and consumer awareness rises. Major players in the UK roofing market include companies like Ibstock Plc, Wienerberger AG, Breedon Group Plc, Euroclad Group Ltd, Metrotile UK Ltd, which offer a wide range of products and services. Additionally, the market is influenced by factors such as weather conditions, economic fluctuations, and government policies on construction and housing.
Composite roofing is made by combining two or more different components to create a stronger and more durable material. The rising demand for composite roofing is a key factor driving the UK roofing market, reflecting broader trends in construction, sustainability, and technological advancement. Composite roofing, which typically consists of materials such as fiberglass, recycled plastics, and polymers, offers a range of benefits to homeowners and builders. Unlike traditional roofing materials such as asphalt shingles or wooden shakes, composite roofing can withstand extreme weather, including heavy rain, strong winds, and temperature fluctuations. This resilience reduces the need for frequent repairs or replacements, making it a cost-effective option in the long term. As homeowners seek durable roofing solutions that minimize maintenance costs and disruptions, the demand for composite roofing continues to grow, driving market expansion. Additionally, composite roofing is highly valued for its aesthetic versatility. It can imitate the appearance of more expensive materials such as slate, tile, or wood, providing homeowners with the desired look without the associated high costs and maintenance challenges.
A few key players operating in the UK roofing market are Russell Building Products Ltd, Wienerberger AG, Breedon Group Plc, William Blyth, Ibstock Plc, Metrotile UK Ltd, Britmet Lightweight Roofing Ltd, Euroclad Group Ltd, CS Coelho da Silva SA, and PREFA UK Ltd. Players operating in the market are highly focused on developing high-quality and innovative product offerings to fulfill customers' requirements.
The overall UK roofing market size has been derived using both primary and secondary sources. Exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market. Also, multiple primary interviews have been conducted with industry participants to validate the data and gain more analytical insights into the topic. The participants of this process include industry experts, such as VPs, business development managers, market intelligence managers, and national sales managers-along with external consultants, such as valuation experts, research analysts, and key opinion leaders-specializing in the UK roofing market.