Market Overview:
The global roofing shingles market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for roofing shingles from residential and commercial applications, globally. In terms of type, asphalt roofing shingles are expected to dominate the market during the forecast period, owing to their low cost and easy installation. However, wood roofing shingle is expected to witness high growth rates due to its aesthetic appeal and durability.
Product Definition:
Roofing shingles are thin, overlapping tiles that are used to cover the roof of a building. They are typically made from asphalt, wood, or slate, and they come in a variety of colors and styles. Roofing shingles play an important role in protecting a building from the elements. They keep out wind and rain, and they also help to insulate the structure.
Asphalt Roofing Shingles:
Asphalt roofing shingles are made from several layers of heated asphalt, which is then rolled and cut to the desired length. These products are available in various colors and can be used with any architectural design. They offer high resistance to harsh weather conditions, such as snow, ice & hail; excellent insulation value; low maintenance cost; and they also have a longer lifespan than other roofing materials.
Wood Roofing Shingles:
Wood roofing shingles are manufactured using several types of wood, which is then coated with a polymer. The coating protects the wood from rot and insects. Wood roofing tiles are used in residential and commercial construction for providing an attractive look to the building structure. These products have high durability, low maintenance cost, and resistance to fire & waterproof; hence they are widely preferred by builders & architects over other materials such as clay tile or sloped roofs.
Application Insights:
The residential application segment accounted for the largest share of more than 60.0% in 2017. The growing population, rapid urbanization, and rising disposable income are expected to drive the demand for roofing shingles in the residential sector over the forecast period. In addition, increasing government spending on infrastructure development is likely to augment market growth over the coming years.
Commercial applications include warehouses, offices buildings, hotels and restaurants (H&T), hospitals and clinics (HCTs), educational institutions including colleges and universities (EUCUs), sports facilities such as stadiums & playgrounds along with other public amenities such as markets places and shopping malls among others.
Regional Analysis:
North America dominated the global roofing shingles market in 2017. The growth is majorly driven by the presence of a large number of residential and commercial buildings, increasing construction activities, and favorable government initiatives regarding energy efficiency. In addition, growing awareness about building a healthy living environment is expected to drive demand for green buildings which will further propel product demand over the forecast period.
Asia Pacific is anticipated to witness significant growth over the next eight years owing to rapid urbanization resulting from high population density in countries such as China and India along with other developing nations such as Bangladesh and Pakistan.
Growth Factors:
- Increasing demand from the construction sector: The global construction industry is expected to grow at a CAGR of 4.5% during the forecast period, owing to the increasing urbanization and infrastructure development across the world. This is expected to drive the demand for roofing shingles, as they are an essential part of any roofing system.
- Rising awareness about energy-efficient roofing solutions: There is a growing awareness among homeowners about the benefits of using energy-efficient roofing solutions such as roofing shingles. This has led to an increase in demand for these products in recent years.
- Technological advancements in manufacturing process: The manufacturers of roofing shingle are constantly investing in R&D activities to develop new and innovative products that can meet the needs of consumers worldwide. This has resulted in significant technological advancements in manufacturing processes, which has helped reduce production costs and improve product quality significantly over time.
Scope Of The Report
Report Attributes
Report Details
Report Title
Roofing Shingles Market Research Report
By Type
Asphalt Roofing Shingles, Wood Roofing Shingles, Others
By Application
Residential, Commercial
By Companies
GAF Materials, Owens Corning, CertainTeed, Atlas Roofing, IKO Group, Malarkey Roofing, PABCO, TAMKO Building Products, Polyglass USA, Tarco, GAF Materials
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
127
Number of Tables & Figures
89
Customization Available
Yes, the report can be customized as per your need.
Global Roofing Shingles Market Report Segments:
The global Roofing Shingles market is segmented on the basis of:
Types
Asphalt Roofing Shingles, Wood Roofing Shingles, 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
Residential, Commercial
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:
- GAF Materials
- Owens Corning
- CertainTeed
- Atlas Roofing
- IKO Group
- Malarkey Roofing
- PABCO
- TAMKO Building Products
- Polyglass USA
- Tarco
- GAF Materials
Highlights of The Roofing Shingles 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 Roofing Shingles
- Wood Roofing Shingles
- Others
- By Application:
- Residential
- Commercial
- 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 Roofing Shingles 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?
Roofing shingles are a type of roofing that is made up of small, overlapping pieces of metal. They are typically used on roofs that have an exposed surface, such as a roof deck or the top of a wall. Roofing shingles provide protection from the elements and can last for many years if properly maintained.
Some of the major companies in the roofing shingles market are GAF Materials, Owens Corning, CertainTeed, Atlas Roofing, IKO Group, Malarkey Roofing, PABCO, TAMKO Building Products, Polyglass USA, Tarco, GAF Materials.
The roofing shingles market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Roofing Shingles 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 Roofing Shingles Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Roofing Shingles 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 Roofing Shingles 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 Roofing Shingles Market Size & Forecast, 2018-2028
4.5.1 Roofing Shingles Market Size and Y-o-Y Growth
4.5.2 Roofing Shingles Market Absolute $ Opportunity
Chapter 5 Global Roofing Shingles 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 Roofing Shingles Market Size Forecast by Type
5.2.1 Asphalt Roofing Shingles
5.2.2 Wood Roofing Shingles
5.2.3 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Roofing Shingles 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 Roofing Shingles Market Size Forecast by Applications
6.2.1 Residential
6.2.2 Commercial
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Roofing Shingles 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 Roofing Shingles 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 Roofing Shingles Analysis and Forecast
9.1 Introduction
9.2 North America Roofing Shingles 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 Roofing Shingles Market Size Forecast by Type
9.6.1 Asphalt Roofing Shingles
9.6.2 Wood Roofing Shingles
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 Roofing Shingles Market Size Forecast by Applications
9.10.1 Residential
9.10.2 Commercial
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 Roofing Shingles Analysis and Forecast
10.1 Introduction
10.2 Europe Roofing Shingles 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 Roofing Shingles Market Size Forecast by Type
10.6.1 Asphalt Roofing Shingles
10.6.2 Wood Roofing Shingles
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 Roofing Shingles Market Size Forecast by Applications
10.10.1 Residential
10.10.2 Commercial
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 Roofing Shingles Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Roofing Shingles 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 Roofing Shingles Market Size Forecast by Type
11.6.1 Asphalt Roofing Shingles
11.6.2 Wood Roofing Shingles
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 Roofing Shingles Market Size Forecast by Applications
11.10.1 Residential
11.10.2 Commercial
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 Roofing Shingles Analysis and Forecast
12.1 Introduction
12.2 Latin America Roofing Shingles 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 Roofing Shingles Market Size Forecast by Type
12.6.1 Asphalt Roofing Shingles
12.6.2 Wood Roofing Shingles
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 Roofing Shingles Market Size Forecast by Applications
12.10.1 Residential
12.10.2 Commercial
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) Roofing Shingles Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Roofing Shingles 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) Roofing Shingles Market Size Forecast by Type
13.6.1 Asphalt Roofing Shingles
13.6.2 Wood Roofing Shingles
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) Roofing Shingles Market Size Forecast by Applications
13.10.1 Residential
13.10.2 Commercial
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 Roofing Shingles Market: Competitive Dashboard
14.2 Global Roofing Shingles Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 GAF Materials
14.3.2 Owens Corning
14.3.3 CertainTeed
14.3.4 Atlas Roofing
14.3.5 IKO Group
14.3.6 Malarkey Roofing
14.3.7 PABCO
14.3.8 TAMKO Building Products
14.3.9 Polyglass USA
14.3.10 Tarco
14.3.11 GAF Materials
