Market Overview:
The global residential roofing market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for roofing systems in new construction and reroofing applications across the globe. In terms of type, asphalt shingle roofing is expected to dominate the global residential roofing market during the forecast period, followed by metal roofing and others. Asia Pacific is expected to be the fastest growing region in terms of revenue during the forecast period.
Product Definition:
A roof is a structure that covers part or all of a building and is used to protect occupants and their possessions from the weather. The most common materials for roofs are asphalt shingles, metal sheets, tile, and slate. Residential roofing is the term used for roofs that cover homes or other residential buildings. Roofs play an important role in protecting buildings from the elements, which can cause damage over time if not properly protected. They also help to improve energy efficiency by keeping indoor temperatures cooler in summer and warmer in winter.
Asphalt Shingles Roofing:
Asphalt shingles roofing is a type of roof that is made up of several layers. These layers are made from different materials such as asphalt, bitumen, and hot-dipped galvanized steel. The product was initially designed for use on flat or low-sloped roofs but has now become popular for use on residential and commercial buildings due to its easy installation process, durability, cost effectiveness and resistance to harsh weather conditions.
Metal Roofing:
Metal roofing is a type of protective covering which is installed on the conventional roofs. It consists of sheets or panels made from metal, which are cold-formed to provide a rigid and durable top layer. Metal roofing systems are available in various colors, shapes and sizes; hence they can complement the architecture of any building easily.
Application Insights:
Reroofing application dominated the market in 2017, accounting for over 60.0% share of the total revenue. The product is widely used to re-cover existing buildings as well as new construction roofs owing to its properties such as durability and low maintenance cost. In addition, increasing government initiatives related to energy conservation are expected to boost the demand for residential roofing products across the globe.
The new construction segment is projected register a CAGR of XX% from 2018 to 2030 in North America region due primarilyto growing population coupled with an increase in housing completions per year from 2016 levels onward on account of tax credits offered by federal and state governments on a dollar-for-dollar basis up front costs paid (loan forgiveness). This factor is expected drive overall industry growth over next seven years particularly in U.S.
Regional Analysis:
The residential roofing market in North America is expected to grow at a significant rate over the forecast period. The growth can be attributed to increasing demand for energy efficiency and green buildings, which has resulted in increased spending on renovation activities. In addition, growing awareness regarding the benefits of solar panels is expected to drive demand for photovoltaic systems, thereby driving industry growth over the forecast period.
In Europe, Germany accounted for more than 25% of revenue share in 2017 owing to high product adoption rates coupled with stringent building regulations pertaining energy consumption and environmental sustainability.
Asia Pacific dominated global residential roofing market by 2030 owing primarily increase population along with rising consumer disposable income levels that have resulted increased spending on home improvement projects such as roof replacement leading directly into rapid industrialization.
Growth Factors:
- Increasing demand for roofing services from the residential sector as a result of increasing population and rapid urbanization.
- Growing awareness about the benefits of using advanced roofing materials and technologies among homeowners.
- Rising investments in housing infrastructure by governments across the world, which is expected to drive demand for roofing services in the coming years.
- Proliferation of DIY (Do It Yourself) culture among homeowners, which is resulting in increased demand for affordable and quality roofing solutions.
Scope Of The Report
Report Attributes
Report Details
Report Title
Residential Roofing Market Research Report
By Type
Asphalt Shingles Roofing, Metal Roofing, Others
By Application
Reroofing, New Construction Roofing
By Companies
BASF, Atlas Roofing, Johns Manville, Knauf Insulation, Lapolla, Bayer, Saint-Gobain, Owens Corning, GAF Materials, Sika Sarnafil, BASF, Royal Group, CertainTeed
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
128
Number of Tables & Figures
90
Customization Available
Yes, the report can be customized as per your need.
Global Residential Roofing Market Report Segments:
The global Residential Roofing market is segmented on the basis of:
Types
Asphalt Shingles Roofing, Metal Roofing, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Reroofing, New Construction Roofing
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- BASF
- Atlas Roofing
- Johns Manville
- Knauf Insulation
- Lapolla
- Bayer
- Saint-Gobain
- Owens Corning
- GAF Materials
- Sika Sarnafil
- BASF
- Royal Group
- CertainTeed
Highlights of The Residential Roofing Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Asphalt Shingles Roofing
- Metal Roofing
- Others
- By Application:
- Reroofing
- New Construction Roofing
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Residential Roofing Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Residential roofing is the installation, maintenance and repair of roofs on residential buildings. Roofing can protect a building from weather damage, including rain, snow and hail.
Some of the major companies in the residential roofing market are BASF, Atlas Roofing, Johns Manville, Knauf Insulation, Lapolla, Bayer, Saint-Gobain, Owens Corning, GAF Materials, Sika Sarnafil, BASF, Royal Group, CertainTeed.
The residential roofing market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Residential Roofing Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Residential Roofing Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Residential Roofing Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Residential Roofing Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Residential Roofing Market Size & Forecast, 2018-2028
4.5.1 Residential Roofing Market Size and Y-o-Y Growth
4.5.2 Residential Roofing Market Absolute $ Opportunity
Chapter 5 Global Residential Roofing Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Residential Roofing Market Size Forecast by Type
5.2.1 Asphalt Shingles Roofing
5.2.2 Metal Roofing
5.2.3 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Residential Roofing Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Residential Roofing Market Size Forecast by Applications
6.2.1 Reroofing
6.2.2 New Construction Roofing
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Residential Roofing Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Residential Roofing Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Residential Roofing Analysis and Forecast
9.1 Introduction
9.2 North America Residential Roofing Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Residential Roofing Market Size Forecast by Type
9.6.1 Asphalt Shingles Roofing
9.6.2 Metal Roofing
9.6.3 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Residential Roofing Market Size Forecast by Applications
9.10.1 Reroofing
9.10.2 New Construction Roofing
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Residential Roofing Analysis and Forecast
10.1 Introduction
10.2 Europe Residential Roofing Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Residential Roofing Market Size Forecast by Type
10.6.1 Asphalt Shingles Roofing
10.6.2 Metal Roofing
10.6.3 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Residential Roofing Market Size Forecast by Applications
10.10.1 Reroofing
10.10.2 New Construction Roofing
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Residential Roofing Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Residential Roofing Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Residential Roofing Market Size Forecast by Type
11.6.1 Asphalt Shingles Roofing
11.6.2 Metal Roofing
11.6.3 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Residential Roofing Market Size Forecast by Applications
11.10.1 Reroofing
11.10.2 New Construction Roofing
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Residential Roofing Analysis and Forecast
12.1 Introduction
12.2 Latin America Residential Roofing Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Residential Roofing Market Size Forecast by Type
12.6.1 Asphalt Shingles Roofing
12.6.2 Metal Roofing
12.6.3 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Residential Roofing Market Size Forecast by Applications
12.10.1 Reroofing
12.10.2 New Construction Roofing
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Residential Roofing Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Residential Roofing Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Residential Roofing Market Size Forecast by Type
13.6.1 Asphalt Shingles Roofing
13.6.2 Metal Roofing
13.6.3 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Residential Roofing Market Size Forecast by Applications
13.10.1 Reroofing
13.10.2 New Construction Roofing
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Residential Roofing Market: Competitive Dashboard
14.2 Global Residential Roofing Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 BASF
14.3.2 Atlas Roofing
14.3.3 Johns Manville
14.3.4 Knauf Insulation
14.3.5 Lapolla
14.3.6 Bayer
14.3.7 Saint-Gobain
14.3.8 Owens Corning
14.3.9 GAF Materials
14.3.10 Sika Sarnafil
14.3.11 BASF
14.3.12 Royal Group
14.3.13 CertainTeed
