According to a recent market study published by Growth Market Reports (GMR), titled, “Global Steel Roofing Market by Product Type, Application, and Region: Size, Share, Trends and Opportunity Analysis, 2017-2027”, the market was valued at USD 7,644.5 Million in 2019 and has been expected to grow at a healthy CAGR of 4.8% during the forecast period. The global steel roofing market has been anticipated to grow owing to its resistance ability towards mildew, insects, heat, snow, and rot, and thus need low maintenance. Furthermore, its availability in wide range of patterns, colors, and textures are other factors which has been expected to drive the growth of the global steel roofing market.
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The global steel roofing market is fragmented based on product types, applications, and regions. In terms of product types, the market is segmented into corrugated steel panels, steel shingles and shakes, stone-coated steel tiles, and standing seam. On the basis of applications, the market is divided into commercial, industrial, and residential. Based on regions, the global steel roofing market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S. and Canada. The Europe region is further categorized into Germany, France, Italy, U.K., Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into, China, Japan, South Korea, India, Australia, South East Asia (SEA), and Rest of Asia Pacific (APAC). Latin America region is further segmented into Brazil, Mexico, Rest of Latin America (LATAM). The MEA region is further divided into Saudi Arabia, South Africa, UAE, Rest of Middle East & Africa (MEA).
In year 2020, the steel roofing market has been expected to witness the sluggish growth owing to the COVID-19 pandemic. The outbreak has resulted in shutdown of various manufacturing business which are considered to be non-essential. This has resulted in the reduced production of steel roofing. Furthermore, the pandemic has put a halt to the construction business on a temporary basis which is extensively restraining the growth of the global steel roofing market.
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As per GMR industry analyst Rajat Verma, “The Global Steel Roofing Market is anticipated to witness significant growth during forecast period 2021-2027 driven by increasing industrialization and urbanization activities in several developing nations such as China, India, and Malaysia. The rising investment towards smart infrastructure is expected to further increase the market growth. However, the volatility in the prices of steel may restrain the market during the forecast period.”
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Report Metric |
Details |
Market Value in 2019 |
US$ 7,644.5 Million |
Market Growth Rate (from 2021 to 2027) |
4.8% |
Historical Data |
2017 & 2018 |
Base Year |
2019 |
Forecast Period |
2020 – 2027 |
Units Considered |
Value (US$ Million) |
Market Segments |
By Product Type, By Applications |
Regional Scope |
North America, Europe, Asia Pacific, Latin America, Middle East & Africa (MEA) |
Country Scope |
U.S., Canada, Germany, France, Italy, U.K., Spain, Russia, Rest of Europe, China, Japan, South Korea, India, Australia, South East Asia (SEA), Rest of Asia Pacific (APAC), Brazil, Mexico, Rest of Latin America (LATAM), Saudi Arabia, South Africa, UAE, Rest of Middle East & Africa (MEA) |
Key Companies Profiled |
CertainTeed, Cornerstone Building Brands, DECRA Roofing Systems, Inc., Fletcher Steel Limited (Dimond Roofing), Lindab, Metal Sales Manufacturing Corporation, Rautaruukki Corporation, Tata Bluescope Steel, The OmniMax International, and Tata Steel |
Customization Scope |
Report customization available on request |
Pricing and Purchase Options |
Avail tailor-made purchase options to meet your research requirements. |
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