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Monday, December 20, 2021

Global Roofing Market to be Driven by the Growing Construction Industry in the Forecast Period of 2021-2026

The new report by Expert Market Research titled, ‘Global Roofing Market Report and Forecast 2021-2026’, gives an in-depth analysis of the global roofing market, assessing the market based on its segments like type, application, and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.

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The key highlights of the report include:

Market Overview (2016-2026)

  • Historical Market Size (2020): USD 111 Billion
  • Forecast CAGR (2021-2026): 4.9%
  • Forecast Market Size (2026): USD 149 Billion

The demand for bituminous roofing is growing as the number of non-residential projects in emerging economies, such as hotels, schools, hospitals, and industrial buildings, are increasing. Because of the introduction of modern roofing technologies, energy efficient roofing systems are now available on the market, which is expected to be a major factor that will drive the growth of the market over the forecast period. Technological advancements such as green roofing, environmentally sustainable roofing materials, and roof inspection drones have increased demand for roofing products. The use of advanced technologies improves aesthetics, which is projected to help the roofing market grow in the future. The influence of new technologies is moderate at the moment, but it is projected to grow in the future as more people opt for bituminous roofing in their homes and businesses. The market's growth is being aided by the ongoing recovery of existing structures in a number of countries.

Industry Definition and Major Segments

A roof is a building's top covering, including all materials and constructions needed to support it on the building's walls or uprights, providing protection from rain, snow, sunlight, temperature extremes, and wind.

Explore the full report with the table of contents@

On the basis of type, the market is divided into:

Based on application, the market is bifurcated into:

Regionally, the industry can be classified into:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa

Market Trends

The key competitors in the industry are focussing their efforts on producing effective roofing systems that will deliver long-term performance even in the most adverse weather situations. This feature will present lucrative chances for market expansion during the forecast period. The construction industry, increased urbanisation, rising income levels, and technical improvements are driving the roofing market forward. Governments in countries like India and China have made significant investments in infrastructure development, fuelling the demand for bituminous roofing in the global roofing industry. The market is expected to grow due to an increasing demand for modern hospitals, medical facilities, and senior living complexes to suit the demands of an ageing population and a booming industrial sector. Solar roofing, vegetative roofing, cool roofs, pre-engineered steel, and liquid-applied roof coatings are also helping in market expansion.

Latest News on Global Roofing Market@

Key Market Players

The major players in the market are Carlisle Companies, Owens Corning, BMI Group, Saint Gobain, Wienerberger AG, Beacon Roofing Supply Inc., Duro-Last Inc., and Atlas Roofing Corporation, among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.

About Us:

Expert Market Research is a leading business intelligence firm, providing custom and syndicated market reports along with consultancy services for our clients. We serve a wide client base ranging from Fortune 1000 companies to small and medium enterprises. Our reports cover over 100 industries across established and emerging markets researched by our skilled analysts who track the latest economic, demographic, trade and market data globally.

At Expert Market Research, we tailor our approach according to our clients’ needs and preferences, providing them with valuable, actionable and up-to-date insights into the market, thus, helping them realize their optimum growth potential. We offer market intelligence across a range of industry verticals which include Pharmaceuticals, Food and Beverage, Technology, Retail, Chemical and Materials, Energy and Mining, Packaging and Agriculture.

Media Contact

Company Name: EMR Inc.
Contact Person: Sofia Williams, Corporate Sales Specialist – U.S.A.
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Country: United States

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*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.


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