Market Overview:
The global residential roofing materials 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 materials in developing countries and the growing awareness about energy-efficient roofing solutions among consumers. The asphalt shingle segment is expected to dominate the global residential roofing materials market, owing to its low cost and easy installation. However, metal roofs are gaining popularity due to their durability and energy-efficiency properties. The concrete and clay segment is projected to grow at a high CAGR during the forecast period, as it offers a wide range of design options and is durable against extreme weather conditions. In terms of application, large scale projects are expected to account for the majority of the demand for residential roofing materials during the forecast period.
Product Definition:
Residential roofing materials are the materials used to roof or re-roof a house. They provide weather protection, insulation and sometimes aesthetic appeal. The most common residential roofing materials are asphalt shingles, wood shingles and shakes, clay tiles, concrete tiles and slate.
Asphalt Shingle:
Asphalt shingles are made from a series of thin layers of rock, shale, and asphalt. These layers are heated and then applied over a roof to provide protection against harsh weather conditions. Asphalt is the most widely used material for shingles in residential applications due to its low cost and easy availability.
Wood Shingle:
Wood shingles are considered to be one of the most popular roofing materials in North America. The material is made up of multiple layers, each layer made from a different wood and then covered with an asphalt-like coating. The product was initially designed for use on wooden houses; however, it is now used on both wooden and metal roofs owing to its characteristics such as durability, water resistance along with low cost compared to other roofing materials such as tiles or slate.
Application Insights:
The large scale application segment dominated the global residential roofing materials market in 2017, accounting for over 60.0% share of the total revenue. The growth can be attributed to an increase in construction activities at a national level, along with a rise in demand for commercial buildings and industrial units at a local level.
In addition, governments across the world have launched various schemes to provide subsidies and financial assistance to individuals who are willing to invest in new residential constructions or undertake renovation activities of old ones. For instance, according to data published by Eurostat, between 2015 and 2016 Germany invested around USD 170 billion on housing investments through various government supported schemes such as ¢â‚¬Å“Housing Benefits Law¢â‚¬ which provides subsidies up to 20% towards the purchase price of newly built homes or existing homes undergoing renovations. Such initiatives are expected drive demand over the forecast period (2018 & 2019).
Regional Analysis:
The residential roofing materials market in North America is anticipated to grow at a significant rate over the forecast period. The growth can be attributed to increasing demand for aesthetically pleasing and energy efficient buildings from the consumers, government initiatives, and strict building codes that mandate installation of certain types of roofing systems in new construction as well as renovation projects.
The U.S., being a developed economy with high standards of living, has greater penetration of asphalt shingle roofs on account of their low maintenance cost and resistance against harsh climatic conditions such as wind & hail storms along with frozen ground & thawing out cycles. In addition, growing adoption due to ease in availability at reasonable prices is expected to drive regional product demand over the next eight years.
Growth Factors:
- Increasing demand for roofing materials from the construction sector as a result of rising population and rapid urbanization.
- Growing awareness about the benefits of using residential roofing materials such as energy efficiency, durability, and aesthetics.
- Rising disposable income of consumers that is encouraging them to invest in better quality roofing materials.
- Technological advancements in residential roofing material manufacturing that are making them more durable and affordable.
- Stringent government regulations mandating use of specific types of residential roofing materials in construction projects
Scope Of The Report
Report Attributes
Report Details
Report Title
Residential Roofing Materials Market Research Report
By Type
Asphalt Shingle, Wood Shingle, Metal Roofing, Concrete and Clay, Slate
By Application
Large Scale, Medium Scale, Small Scale
By Companies
Entegra Roof Tile, Hanson Roof Tile, Ludowici Roof Tile, Malarkey Roofing, Owens Corning, Sika
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
210
Number of Tables & Figures
147
Customization Available
Yes, the report can be customized as per your need.
Global Residential Roofing Materials Market Report Segments:
The global Residential Roofing Materials market is segmented on the basis of:
Types
Asphalt Shingle, Wood Shingle, Metal Roofing, Concrete and Clay, Slate
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
Large Scale, Medium Scale, Small Scale
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:
- Entegra Roof Tile
- Hanson Roof Tile
- Ludowici Roof Tile
- Malarkey Roofing
- Owens Corning
- Sika
Highlights of The Residential Roofing Materials 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 Shingle
- Wood Shingle
- Metal Roofing
- Concrete and Clay
- Slate
- By Application:
- Large Scale
- Medium Scale
- Small Scale
- 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 Materials 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.
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- Correctly Positioning New Products
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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 materials are the materials used to cover the top of a house or other structure with a roof. Roofing materials can be made from many different types of substances, including metal, plastic, and slate.
Some of the key players operating in the residential roofing materials market are Entegra Roof Tile, Hanson Roof Tile, Ludowici Roof Tile, Malarkey Roofing, Owens Corning, Sika.
The residential roofing materials 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 Materials 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 Materials Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Residential Roofing Materials 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 Materials 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 Materials Market Size & Forecast, 2020-2028 4.5.1 Residential Roofing Materials Market Size and Y-o-Y Growth 4.5.2 Residential Roofing Materials Market Absolute $ Opportunity
Chapter 5 Global 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 Market Size Forecast by Type
5.2.1 Asphalt Shingle
5.2.2 Wood Shingle
5.2.3 Metal Roofing
5.2.4 Concrete and Clay
5.2.5 Slate
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global 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 Market Size Forecast by Applications
6.2.1 Large Scale
6.2.2 Medium Scale
6.2.3 Small Scale
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Residential Roofing Materials 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 Materials 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 Analysis and Forecast
9.1 Introduction
9.2 North America 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 Market Size Forecast by Type
9.6.1 Asphalt Shingle
9.6.2 Wood Shingle
9.6.3 Metal Roofing
9.6.4 Concrete and Clay
9.6.5 Slate
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 Market Size Forecast by Applications
9.10.1 Large Scale
9.10.2 Medium Scale
9.10.3 Small Scale
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 Analysis and Forecast
10.1 Introduction
10.2 Europe 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 Market Size Forecast by Type
10.6.1 Asphalt Shingle
10.6.2 Wood Shingle
10.6.3 Metal Roofing
10.6.4 Concrete and Clay
10.6.5 Slate
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 Market Size Forecast by Applications
10.10.1 Large Scale
10.10.2 Medium Scale
10.10.3 Small Scale
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 Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific 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 Market Size Forecast by Type
11.6.1 Asphalt Shingle
11.6.2 Wood Shingle
11.6.3 Metal Roofing
11.6.4 Concrete and Clay
11.6.5 Slate
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 Market Size Forecast by Applications
11.10.1 Large Scale
11.10.2 Medium Scale
11.10.3 Small Scale
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 Analysis and Forecast
12.1 Introduction
12.2 Latin America 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 Market Size Forecast by Type
12.6.1 Asphalt Shingle
12.6.2 Wood Shingle
12.6.3 Metal Roofing
12.6.4 Concrete and Clay
12.6.5 Slate
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 Market Size Forecast by Applications
12.10.1 Large Scale
12.10.2 Medium Scale
12.10.3 Small Scale
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) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) 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) Market Size Forecast by Type
13.6.1 Asphalt Shingle
13.6.2 Wood Shingle
13.6.3 Metal Roofing
13.6.4 Concrete and Clay
13.6.5 Slate
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) Market Size Forecast by Applications
13.10.1 Large Scale
13.10.2 Medium Scale
13.10.3 Small Scale
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 Materials Market: Competitive Dashboard
14.2 Global Residential Roofing Materials Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Entegra Roof Tile
14.3.2 Hanson Roof Tile
14.3.3 Ludowici Roof Tile
14.3.4 Malarkey Roofing
14.3.5 Owens Corning
14.3.6 Sika