Roofing Industry Trends

This is certainly the case with asphalt shingles.

Roofing industry trends.

The global roofing market size was valued at 92 942 3 million in 2019 and is projected to reach 132 775 6 million by 2027 registering a cagr of 4 6 from 2020 to 2027. Banks consultants sales marketing teams accountants and students all find value in ibisworld. Gone are the days of the dark gray and black shingles. Roofing offers protection from heat rain and other atmospheric conditions.

The demand for synthetic roofing materials is one of the biggest trends our associates see regardless of region. Find industry analysis statistics trends data and forecasts on roofing contractors in the us from ibisworld. Synthetic materials are a good fit for homeowners who want a more durable product that replicates the wood texture and natural color of traditional slates or shakes. Companies introduce new roofing products to keep up with ever changing roofing market trends.

It also highlights major market segments and key manufacturers. Market size industry statistics. The re roofing market in north america and europe will also see increased levels of demand. Look for increased demand in the new construction sector of the roofing industry in the apac region.

Industry market size for roofing contractors. From 2011 2016 the roofing industry saw average annual growth of 1 8 creating revenues of 35 billion in the us alone. The roofing industry is expected to grow to 5 3 billion over the next several. There are currently over 50 000 establishments engaged in the installation roofing siding and sheet.

At the most recent ire roofing contractor magazine sponsored a state of the roofing industry report. Industry statistics cover all companies in the united states both public and private ranging in size from small businesses to market leaders in addition to revenue the industry market analysis shows information on employees companies and average firm size. While it has been around for a while metal roofing may have something of a rebirth in 2020. Evolutionary and sometimes revolutionary improvements are often made.

17 roofing industry statistics and trends roofing industry statistics and trends. Professional contractors asphalt shingle manufacturers and makers of other roofing products from across north america discuss topics of interest to both contractors and homeowners such as trends in the roofing industry. Roofing trends in 2020 1. While these colors will never lose popularity.