The new report by Expert Market Research titled, ‘Global Roofing Market Size, Share, Price, Trends, Growth, Report and Forecast 2020-2025’, gives an in-depth analysis of the global roofing market, assessing the market based on its segments like types, applications, and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.
Note 1: For a snapshot of the primary and secondary data of the market (2015-2025), along with business strategies and detailed market segmentation, please click on the request sample report. The sample report shall be delivered to you within 24 hours.
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The key highlights of the report include:
Market Overview (2015-2025)
• Historical Market Size (2019): USD 100 billion
• Forecast CAGR (2020-2025): 4%
The global roofing market is being driven by the rapid growth in the construction sector. The rising population coupled with the increasing urbanisation is aiding the market growth. Construction of commercial infrastructures such as shopping malls and multiplexes has increased the demand for roofing. Tile roofing is witnessing a surging demand as it can reduce the need for air conditioning, thereby lowering electricity consumption. An increasing number of renovation and remodeling projects in the developed countries is expected to further aid the market. These factors are predicted to assist the growth of the global roofing market.
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Industry Definition and Major Segments
Roofing is the process of installing an external covering on the roof of a building. It can be either self-supporting or supported by added structures beneath it. Roofing is generally employed in construction and related industries.
Based on type, the roofing market can be categorised into:
By application, the market can be segmented into:
The major regions for the roofing market are:
• North America
• Asia Pacific
• Latin America
• Middle East and Africa
Increasing environmental awareness among the consumers has led to the rising demand for sustainable and eco-friendly roofing materials such as clay and concrete tiles. They allow the flow of air, which leads to a reduction in air conditioning usage, hence, conserving energy. Green roofing materials are gaining popularity as they assist in improving the quality of air and decreasing air conditioning usage in the long term. In developed countries, governments are introducing plans to promote the replacements of existing roofs with energy-efficient ones. Governments in emerging countries are providing subsidies and tax benefits for construction activities, which are expected to boost the global roofing market.
Key Market Players
The major players in the market are Carlisle Companies (NYSE: CSL), Owens Corning(NYSE: OC), BMI Group (BMI Group), Saint Gobain (EPA: SGO), Wienerberger AG (VIE: WIE), Beacon Roofing Supply , Inc. (NASDAQ: BECN), Duro-Last, Inc. (NASDAQ: BECN), and Atlas Roofing Corporation, among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments, and mergers and acquisitions, among other latest developments of these market players.
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Note 2: As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.
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