USD 117.2 billion
Roofing Market Size, Share, and Growth Analysis
Roofing Market By Material (Bituminous, Concrete & clay tile), By Type of Construction (New construction, Reroofing), By Design (Flat, Gable), By Application, By Sales Channel, By Region - Industry Forecast 2025-2032
Report ID:
SQMIG15F2212 |
Region:
Global |
Published Date: January, 2025
Pages:
186
|Tables:
89
|Figures:
77
Format -
Roofing Market Insights
Global Roofing Market size was valued at USD 117.2 billion in 2023 and is poised to grow from USD 123.29 billion in 2024 to USD 184.96 billion by 2032, growing at a CAGR of 5.2% during the forecast period (2025-2032).
High investments in infrastructure development and growing emphasis on improving functionality of structures through roofs are projected to drive the demand for roofing in the future. Rapid urbanization and industrialization in developing countries to promote economic growth are also expected to create an opportune setting for roofing companies going forward. High emphasis on the development of energy efficient buildings around the world is also expected to bolster roofing market outlook over the coming years. High investments in the development of advanced roofing materials to meet varying demands of end users is also expected to offer new business scope for roofing providers through 2031 and beyond. Solar roofs and green roofs are estimated to gain massive popularity in the long run. On the contrary, dearth of skilled workforce, fluctuating raw material prices, and imposition of strict environmental mandates are some key constraints that trouble roofing companies.
Market snapshot - 2025-2032
Global Market Size
Largest Segment
Flat Roof
Fastest Growth
Slope Roof
Growth Rate
5.2% CAGR
Global Roofing Market ($ Bn)
Country Share for Asia Pacific Region (%)
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Roofing Market Segments Analysis
Global Roofing Market is segmented by Material, Type of Construction, Design, Application, Sales Channel and region. Based on Material, the market is segmented into Bituminous, Concrete & clay tile, Metal, Elastomer, Plastics and Others (membrane roofing, green roofs). Based on Type of Construction, the market is segmented into New construction and Reroofing. Based on Design, the market is segmented into Flat, Gable, Saltbox, Gablet and Others. Based on Application, the market is segmented into Residential and Non-residential. Based on Sales Channel, the market is segmented into Online and Offline. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
Analysis by Roof Type
Flat roofs are estimated to account for a prominent chunk of the global roofing market share. Easy installation and better waterproofing capabilities of flat roof allows this segment to hold sway over others. Easy maintenance and availability of roof space for utilization also help this segment bring in the most revenue for roofing companies going forward. Extensive use of flat roofs in almost all applications ranging from residential to commercial are helping this segment maintain its dominance. High potential of flat roofs in improving energy efficiency and use of less roofing material are also expected to further cement the high market share of this segment.
Meanwhile, the demand for roofing for slope roofs is expected to increase at a notable pace across the forecast period and beyond. The timeless classic look of sloped roofs and the growing popularity of this look in residential construction for aesthetic appeal are creating new opportunities for roofing providers. High adaptability and affordability of slope roofs with materials such as metal, clay tiles, wood shakes, slate, and asphalt shingles are also estimated to boost roofing demand outlook in the future. However, the high requirement of maintenance for slope roofs makes it a less desirable choice for industrial and commercial applications.
Analysis by Application
Residential applications are slated to account for a substantial share of the global roofing demand outlook. Rapidly increasing population around the world has bolstered the demand for housing and this is expected to bolster the demand for roofing in residential applications. The launch of new housing projects by governments and the increasing number of people investing in the dream of owning a home are boosting sales of roofing in this segment. Evolving preferences of homeowners are also expected to create new opportunities for roofing companies. High demand for single-family homes is also estimated to favor revenue generation for roofing companies.
On the other hand, the demand for roofing in industrial applications is slated to increase at a rapid CAGR over the coming years. Rapid industrialization around the world to meet the surging demand for a variety of products is expected to primarily make this a highly opportune segment. Establishment of new factories and upgradation of old ones to meet new standards are expected to boost sales of roofing in industrial applications over the coming years. The Asia Pacific region is expected to be the top market for roofing companies focusing on this segment owing to availability of cheap labor and supportive government initiatives.
Global Roofing Market By Roof Type
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Roofing Market Regional Insights
Asia Pacific is projected to hold sway over the global roofing demand owing to high investments in infrastructure development by public and private companies. Rapidly increasing population in Asian countries, growing industrialization, and rising adoption of novel roofing solutions are estimated to be other factors promoting the sales of roofing products in this region. India, China, and Japan are forecasted to be the most opportune markets for roofing companies operating in this region. Growing home ownership of people in this region and launch of new housing initiatives by governments to promote the same are also estimated to benefit the sales of roofing in the long run.
Meanwhile, the demand for roofing products in North America is expected to rise at a notable pace in the future. Growing residential and commercial construction activity, high spending on renovations, and availability of low mortgage rates are some key factors that are expected to create new opportunities for roofing providers in North America. The United States is expected to emerge as the leading market for roofing products in this region owing to presence of strict regulations and building standards implemented by the government. Growing availability of innovative roofing solutions is also expected to help boost revenue generation for companies in this region.
Global Roofing Market By Region
- Largest
- Fastest
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Roofing Market Dynamics
Drivers
- Advancements in Roofing Materials
Roofing companies are continually investing in the research and development of novel roofing materials to satisfy the evolving demand from different end users. Roofing materials with better insulation, weather resistance, and UV protection properties are projected to gain traction on a global level and boost revenue generation through 2031.
- High Investments in Infrastructure Development
Infrastructure development activities are increasing rapidly worldwide due to industrialization and urbanization. The growing need for durable, aesthetic, and energy-efficient roofing solutions in new construction is expected to bolster roofing market growth over the coming years. Developing countries are forecasted to emerge as highly opportune markets for roofing companies going forward.
Restraints
- Fluctuations in Raw Material Pricing
Raw materials used in the production of roofing products are subject to fluctuations due to factors such as supply chain issues, resource scarcity, and market demand. These fluctuations create uncertainty in the pricing of roofing products and impacts profitability of companies as well as affordability for end users.
- Dearth of Skilled Labor for Roofing Installation
The world is faced with a major issue of shortage of skilled labor, and this is also negatively impacting the roofing market forecast. These shortages result in high costs of installation, extended project timelines, and reduce the overall efficiency of the project. All of these factors are estimated to slow down roofing demand outlook.
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Roofing Market Competitive Landscape
Roofing companies should focus on launching innovative new products that are affordable yet highly functional. Focusing on the sustainability trend is expected to offer good returns for almost all roofing product suppliers in the world. Collaborations and partnerships can help roofing companies expand their business scope across multiple regions around the world.
Top Players in Roofing Market
- GAF (USA)
- Owens Corning (USA)
- Carlisle Companies Inc. (USA)
- Etex SA (Belgium)
- CertainTeed Corporation (USA)
- BMI Group Services GmbH (Germany)
- Atlas Roofing Corporation (USA)
- Tamko Building Products Inc. (USA)
- CentiMark Corp. (USA)
- Flynn Group of Cos. (Canada/USA)
- Tata Bluescope Steel (India/Australia)
- Hindalco Industries Ltd. (India)
- JSW Steel Coated Products Limited (India)
- Everest Industries Ltd. (India)
- Holcim (Switzerland)
- Boral Roofing (USA)
- Saint-Gobain (France)
- IKO Industries (Canada)
Recent Developments
- In October 2024, IKO, a renowned name in the global roofing business announced the expansion of its roofing aesthetics product portfolio. The company added five new colors to its Dynasty® Cool Colors Plus shingle line to provide better aesthetics while delivering exceptional performance and durability as well.
- In February 2022, Johns Manville, a leading producer of bitumen products owned by Berkshire Hathway announced the launch of new products for its bituminous roofing system. DynaSet 1K and 1-Part PermaFlash are designed to improve the productivity and durability of roofing systems.
- In July 2024, Castagra Products, a leading roof coating provider announced the launch of a new eco-friendly roof coating product. Ecodur1 Cool Roof Coating is designed to improve energy efficiency and durability of commercial roofs going forward.
Roofing Key Market Trends
- Solar Roofing Solutions: Growing emphasis on improving energy efficiency of buildings and rising focus on sustainability are projected to create new opportunities for solar roofing solutions. Roofing companies can invest in the development of roofs integrated with photovoltaic (PV) technology to make the most of this roofing market trend in the long run.
- Use of Sustainable Materials: Roofing companies can explore the use of eco-friendly and sustainable materials for their products. Growing consumer awareness and demand for sustainable products is expected to help make this a key opportunity for roofing providers. Green roofs, which integrate vegetation, and recyclable roofing materials are estimated to emerge as popular choices through this trend.
Roofing Market SkyQuest Analysis
SkyQuest's ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
As per SkyQuest analysis, the rise in construction activity around the world and increasing investments in infrastructure development are slated to be the key drivers for the market going forward. On the contrary, dearth of skilled labor and fluctuations in raw material pricing are slated to slow down market development in the future. Asia Pacific region is estimated to hold a dominant market share owing to robust industrialization and urbanization in countries such as India and China. Providing roofing products and solutions that are sustainable and energy-efficient is expected to be the prime focus of roofing companies across the study period and beyond.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 117.2 billion |
| Market size value in 2032 | USD 184.96 billion |
| Growth Rate | 5.2% |
| Base year | 2024 |
| Forecast period | 2025-2032 |
| 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:-
|
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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 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 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 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 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 Roofing Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the 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.
Roofing Market Report Snapshots
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