USD 24.58 billion
Metal Roofing Market Size, Share, Growth Analysis, By Product Type(Steel Roofing, Copper Roofing), By Application(Residential, Commercial) - Industry Forecast 2024-2031
Report ID:
SQMIG25G2004 |
Region:
Global |
Published Date: February, 2024
Pages:
242
|
Tables:
64 |
Figures:
75
Metal Roofing Market Insights
Metal Roofing Market size was valued at USD 24.58 billion in 2019 and is poised to grow from USD 25.44 billion in 2023 to USD 33.5 billion by 2031, growing at a CAGR of 3.5% in the forecast period (2024-2031).
Metal is the strongest and most durable material compared to other materials like wood, plastic, or glass. A metal roof is designed to withstand strong winds, debris (such as leaves and sticks), rain, snow, hail, mold, mildew, rodents, and other animals. If the roof is installed correctly, it must be inspected. Metal roofs are environmentally friendly because they can reflect infrared and UV rays from the sun, which contribute to radiant heat on the roof surface. They last longer, are more durable and are easier to install. However, the increasing investment and capital associated with this roofing technique may hinder the growth of the industry to some extent.
Most metals are easily recyclable and can be recycled into new products. Metal coils and sheets are two types of metal roofing components, such as panels, which are roll-formed sections of metal coils that can be bent to meet any profile. A seam is formed by joining two metal plates to one side rib. Metal panels are shaped in profiles and the technology used to create the shapes using coils is called roll-forming equipment. Metal roofing includes steel roofing, copper roofing and aluminum roofing. Copper roofing is a popular choice for roofing. Because each material has advantages and limitations, they are used according to the wishes of the consumer. The constantly rising urbanization and construction sector around the world is a primary driver of the Metal Roofing Market. Building technological developments and expanded material diversity are boosting demand for Metal Roofing for buildings. Furthermore, people's changing lifestyles and increased disposable income have resulted in building renovations, which is driving the market forward.
Also, increasing demand and low-lifecycle cost of green building materials, as well as the growing construction sector and government initiatives for green building materials, are key drivers fueling the growth of the metal roofing market. Additionally, the use of solar panels and energy codes are influencing the metal roofing market. As metal roofing offers huge energy savings, increasing the use of metal roofing in commercial and residential structures is driving the metal roofing market. However, metal roofing is more expensive than metal roofing, which is estimated to hinder the growth of the metal roofing industry. Long-term durability, environmental friendliness, and high energy efficiency of metal roofing are still expected to be positive factors in the market.
US Metal Roofing Market is poised to grow at a sustainable CAGR for the next forecast year.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
Commercial
Fastest Growth
Commercial
Growth Rate
3.5% CAGR
Global Metal Roofing Market ($ Bn)
Country Share for Aisa Pacific Region (%)
Country Share for North America Region (%)
Global Metal Roofing Market By Application ($ Bn)
Global Metal Roofing Market By Application (%)
To get more reports on the above market click here to Buy The Report
Metal Roofing Market Segmental Analysis
Global Metal Roofing Market is segmented on the basis of product type, application, and region. By product type, the market is segmented into steel roofing, copper roofing, aluminum roofing, and others. By application, market is segmented into residential, commercial, and industrial. By region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Metal Roofing Market Analysis by Product Type
Copper roofing is chosen because it is exceptionally durable, soft, and has a low melting point. Aluminum roofing is commonly used, followed by copper roofing, as it is durable and resistant to seawater corrosion. Copper roofing is predicted to gain popularity due to advantages such as low melting temperature, durability, and softness. Because copper is more weather-resistant and can be easily shaped into a range of complex and challenging shapes, it is increasingly being used as a roofing material. This roof style is suitable for any architectural style or building type. The continued rising popularity of copper roofing, along with the rising demand for copper shingles and panels will all contribute to the growth of the market.
According to the European Union, construction of buildings increased by 4.6% in December 2021 and civil engineering by 3.3% compared to 2020. According to the Canada Mortgage and Housing Corporation, the number of detached homes built increased by 28% to 63,456. Units in 2021 compared to 2020, while the number of multi-family homes built increased by 19% to 141,684 units. Increasing the use of steel roofing in commercial and residential constructions will benefit the growth of the metal roofing market.
Metal Roofing Market Analysis by Application
The industrial segment is expected to be the most important segment of the metal roofing market. Industrial-style ceilings use geometric forms and lines to create unique designs, from curved metal to low slopes. The increasing use of standing seam panels in industrial metal roofing, as well as the increasing number of green building projects, will affect the application spectrum of the product. For example, construction activity in the United States increased in 2021, according to the US Census Bureau, with residential construction increasing by 4.1% in November, up 1% from the same month in 2020. Also, the Federal Statistical Office reported that Germany's residential construction output increased by 9.3% in December 2020 compared to the previous month. This increase in residential construction will increase the use of metal roofing, which will benefit the growth of the metal roofing market.
Global Metal Roofing Market By Application, 2023 (%)
To get detailed analysis on other segments, Request For Free Sample Report
Metal Roofing Market Regional Insights
The Asia Pacific region is expected to hold the largest market share. This is because of the expansion of infrastructure in the industrial and commercial sectors, particularly in developing economies such as China and India. Also, the expanding urbanization of the region is driving the metal roofing market. Due to the high standard of living in the region supporting building renovations,
North America is projected to grow at a rapid pace. Renovations of both residential and commercial properties are becoming more common. The metal roofing market will benefit from a healthy economy and a high standard of living over the forecast period.
Global Metal Roofing Market By Region, 2024-2031
To know more about the market opportunities by region and country, click here to
Buy The Complete Report
Metal Roofing Market Dynamics
Metal Roofing Market Drivers
Increase in Residential Construction
- Metal roofs are commonly used in homes because they can withstand any type of weather, are more durable, and metals like galvanized steel are fireproof and won't burn in the event of a fire. The increasing number of housing projects has favorably affected the demand for metal roofing.
A growing number of infrastructure projects
- Emerging economies, rapid urbanization, and technical breakthroughs have resulted in increased infrastructure development in countries, which has influenced the use of metals in roofing applications positively.
Metal Roofing Market Restraints
High cost of metal roofs
- Compared to other roofing systems, metal roofing installation requires special training, knowledge, tools, and equipment. As a result of such stringent requirements, the installation cost of metal roofs is two to three times that of other roofing materials such as asphalt, clay and concrete. As a result, some consumers, especially in the residential market, find metal roofs less affordable. The high cost of metal roofing encourages the use of low-cost alternatives, which may hamper the growth of the metal roofing market.
Request Free Customization of this report to help us to meet your business objectives.
Metal Roofing Market Competitive Landscape
The global Metal Roofing Market is fragmented and highly competitive. Key industry players are focused on product developments, new product launches, and geographical expansions to gain a significant amount of market share.
Metal Roofing Market Top Player’s Company Profiles
- ATAS International Inc.
- BlueScope Steel Limited
- CertainTeed Corporation
- Englert Inc.
- Ideal Roofing Co. Ltd.
- Kingspan Group plc
- McElroy Metal Inc.
- Metal Sales Manufacturing Corporation
- NCI Building Systems Inc.
- Nucor Corporation
- Owens Corning
- Saint-Gobain S.A.
- Tata Steel Limited
- The Garland Company Inc.
- The OmniMax International Inc.
- Union Corrugating Company
- Vicwest Inc.
- Westform Metals Inc.
- Zappone Manufacturing LLC
- Zamil Steel Holding Company Limited
Metal Roofing Market Recent Developments
- In February 2022, Kingspan acquired 100% of THU Perfil SL, a leading Ribarroja firm noted for its metal ceiling profiles and solutions, to extend its presence in the Spanish market.
- In November 2021, Union Corrugated Company Holding Inc., a supplier of metal roofing, roofing components, and accessories, was acquired by Cornerstone Building Brand Inc., North America's largest maker of external building products.
- In July 2021, Lindab strengthened its position in the market in northern Sweden and Norway by acquiring KAMI AB, a producer, and retailer of high-end sheet metal roofs.
Metal Roofing Key Market Trends
- The metal roofing market will benefit from the growing demand for green building materials. The use of solar panels in large and small industries as well as at home will significantly impact the metal roofing industry. Metal roofing offers significant energy savings, so its use in residential buildings will create market potential. Furthermore, the growing preference for metal roofing over conventional methods will present a significant opportunity for the market throughout the forecast period. Eco-friendliness and superior energy efficiency of metal roofing is predicted to open up new opportunities for the industry.
Metal Roofing Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates and Analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
According to our global Metal Roofing Market analysis, the long-term durability, environmental friendliness, and high energy efficiency of metal roofing are still expected to be positive factors in the market. The continued growing popularity of copper roofing along with the increasing demand for copper shingles and panels will contribute to the growth of the market. Copper roofing is predicted to gain popularity due to advantages such as low melting temperature, durability, and softness. The industrial segment is expected to be the most important segment of the metal roofing market. The Asia Pacific region is expected to hold the largest market share. This is because of the expansion of infrastructure in the industrial and commercial sectors, particularly in developing economies such as China and India. The growing demand for green building materials is a key trend that increases the growth of market.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 24.58 billion |
| Market size value in 2031 | USD 33.5 billion |
| Growth Rate | 3.5% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
| Historical Year | 2019 |
To get a free trial access to our platform which is a one stop solution for all your data requirements for quicker decision making. This platform allows you to compare markets, competitors who are prominent in the market, and mega trends that are influencing the dynamics in the market. Also, get access to detailed SkyQuest exclusive matrix.
Buy The Complete Report to read the analyzed strategies adopted by the top vendors either to retain or gain market share
Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Metal Roofing Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Metal Roofing Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Metal Roofing Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Metal Roofing Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Metal Roofing Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Metal Roofing Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Want to customize this report?
Our industry expert will work with you to provide you with customized data in a short amount of time.
REQUEST FREE CUSTOMIZATION
USA (+1) 351-333-4748
