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Global Roofing Materials Industry Report 2023: Market to Surpass $165 Billion – Major Players Focus on Integrated Roofing System Services to Gain a Competitive Edge
DUBLIN, Nov. 15, 2023 /PRNewswire/ — The “Growth Opportunities in Roofing Materials” report has been added to ResearchAndMarkets.com’s offering.
The global roofing materials market will reach $165.57 billion by 2030, Increasing investments in residential and commercial building reconstruction will drive market growth.
Metal, asphalt, plastic/membrane, and other materials (including clay tiles, solar technology, and green roofs) are the four main product types in the roofing materials market study.
Different end-use applications for each product type are discussed, as well as the key products and technologies. Applications are quantitatively explained for the four main product types regarding the total roofing materials market. The global market is presented as 5 key regions, each covered both quantitatively and qualitatively.
Established long-term relationships between customers and manufacturers and high brand loyalty are characteristics of the roofing industry. Major market players focus on offering a wide range of products and better quality than competitors to enhance brand reputation.
Major companies are adopting robust market positioning strategies focused on integrated roofing system services by combining product portfolios with other roofing components to achieve a competitive advantage over local manufacturers and suppliers. The market is highly fragmented, with several big players and a large variety of small companies focusing on a specific product and region.
Product price is based on square footage. The pricing calculation considers supply chain disruptions, average material pricing, and the typical product amount/overlap/waste on the jobsite. Revenue calculations and unit shipment forecasting use the average material pricing by correlating material volume to a distinct monetary value.
Asia-Pacific (APAC) will drive market demand. Factors including rapid urbanization, population expansion, and increasing per capita income have a driven rapid increase in demand from emerging markets, such as Vietnam, Indonesia, and India. The Middle East and North Africa (MENA) will see the highest market growth. This region is experiencing robust expansion in construction and industrial applications, allowing initial growth emersion as these segments develop. The Middle East is heavily industrializing, increasing commercial and industrial structure demand.
Metal roofs, with high initial and low long-term costs, will emerge as the fastest-growing product segment because of their long service life and durability. The other materials category, which includes various materials such as clay, cement, wood, tiles, green roofs, and solar, is the largest market size; however, asphalt is the single-segmented product group that will dominate the market size-wise.
Compared to commercial, residential will be the largest and second-fastest-growing segment because of developing markets with high population growth and a greater demand for more/larger houses and residential roofing. Reroofing will drive the residential market as consumers replace products at the end of life, fix damage, or switch product types, increasing product demand. The industrial segment will see decent growth because of the development of many industries in less-developed markets.
Growth Opportunities
Geographic ExpansionMergers and AcquisitionsTechnology and Product Development
Key Topics Covered:
1 Strategic Imperatives
Why is it Increasingly Difficult to Grow?The Strategic Imperative The Impact of the Top 3 Strategic Imperatives on the Roofing Materials IndustryGrowth Opportunities Fuel the Growth Pipeline Engine
2 Growth Opportunity Analysis
Scope of AnalysisSegmentationKey CompetitorsCore Product Competencies of CompaniesGrowth MetricsDistribution ChannelsGrowth DriversGrowth Drivers AnalysisGrowth RestraintsGrowth Restraints AnalysisGreen RoofsForecast AssumptionsRevenue and Unit Shipment ForecastRevenue Forecast by ProductRevenue Forecast by RegionRevenue Forecast by End ApplicationUnit Shipment Forecast by ProductUnit Shipment Forecast by RegionUnit Shipment Forecast by End ApplicationForecast Analysis – Revenue and Unit ShipmentAverage Product Pricing RangeForecast Analysis – Pricing TrendsCompetitive EnvironmentRevenue ShareProduct PresenceCompany Overview
3 Growth Opportunity Analysis: Metal
Growth MetricsRevenue and Unit Shipment ForecastRevenue Forecast by RegionUnit Shipment Forecast by RegionForecast Analysis – Metal Roofs
4 Asphalt
Growth MetricsRevenue and Unit Shipment ForecastRevenue Forecast by RegionUnit Shipment Forecast by RegionForecast Analysis – Asphalt
5 Plastic/Membrane
Growth MetricsRevenue and Unit Shipment ForecastRevenue Forecast by RegionUnit Shipment Forecast by RegionForecast Analysis – Plastic/Membrane
6 Other
Growth MetricsRevenue and Unit Shipment ForecastRevenue Forecast by RegionUnit Shipment Forecast by RegionForecast Analysis – Other Materials
7 Growth Opportunity Analysis: North America (NA)
Growth MetricsRevenue and Unit Shipment ForecastRevenue Forecast by ProductUnit Shipment Forecast by ProductForecast Analysis – North America
8 Growth Opportunity Analysis: Europe
Growth MetricsRevenue and Unit Shipment ForecastRevenue Forecast by ProductUnit Shipment Forecast by ProductForecast Analysis – Europe
9 Growth Opportunity Analysis: Asia-Pacific
Growth MetricsRevenue and Unit Shipment ForecastRevenue Forecast by ProductUnit Shipment Forecast by ProductForecast Analysis – APAC
10 Growth Opportunity Analysis: Latin America (LATAM)
Growth MetricsRevenue and Unit Shipment ForecastRevenue Forecast by ProductUnit Shipment Forecast by ProductForecast Analysis – Latin America
11 Growth Opportunity Analysis: Middle East & North Africa (MENA)
Growth MetricsRevenue and Unit Shipment ForecastRevenue Forecast by ProductUnit Shipment Forecast by ProductForecast Analysis – MENA
12 Growth Opportunity Analysis by End Application
Revenue Forecast by End ApplicationUnit Shipment Forecast by End ApplicationRevenue by Product and End ApplicationUnit Shipment by Product and End Application
13 Growth Opportunity Analysis: Residential
Growth MetricsRevenue and Unit Shipment ForecastRevenue Forecast by ProductUnit Shipment Forecast by ProductForecast Analysis – Residential Roofing
14 Growth Opportunity Analysis: Commercial
Growth MetricsRevenue and Unit Shipment ForecastRevenue Forecast by ProductUnit Shipment Forecast by ProductForecast Analysis – Commercial Roofing
15 Growth Opportunity Analysis: Industrial
Growth MetricsRevenue and Unit Shipment ForecastRevenue Forecast by ProductUnit Shipment Forecast by ProductForecast Analysis – Industrial Roofing
For more information about this report visit https://www.researchandmarkets.com/r/6qcznb
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