0

North America Roofing Market Expected to Reach $41,242.6 million by 2031 Allied Market Research

 
2022
North America Roofing Market

Report Code : A04916

quote the North America roofing market has grown significantly over the past years as a result of increasing investment in infrastructure, including residential, non-residential, airports, malls and other sector. Moreover, renovation and reconstruction of existing buildings such as residential and office spaces are expected to drive the North America roofing market growth. Moreover, technological advancements in roofing materials are one of the factors that drives the market growth. In addition, leading industry players are employing a range of strategies, which is causing the North America roofing market to witness growth.” quote

According to Aadarsh Maurya
Lead Analyst, Construction and Manufacturing at Allied Market Research

Get 20% Free Customization In This Report
Follow us on Social Media:       
 

North America Roofing Market Expected to Reach $41,242.6 million by 2031 Allied Market Research 


According to a new report published by Allied Market Research, titled, “North America roofing Market by Product Type, Material Type, Roof Type and Application: Opportunity Analysis and Industry Forecast, 2022–2031,” the North America roofing market size was valued at $25,684.5 million in 2021, and is projected to reach $41,242.6 million by 2031, registering a CAGR of 4.9% from 2022 to 2031.

U.S. generated the highest revenue in 2021, and is expected to maintain its growth during the forecast period. Roofing products witnessed a higher demand owing to longer life span, easy installation, and availability of eco-friendly roofing materials.

Moreover, technological advancements such as introduction of green roofing, which protects the buildings from direct solar heat in summers and minimizes heat loss in winters through added insulation on the roof, further strengthens the market growth. In addition, surge in construction industry in the U.S. and Canada are expected to increase the demand for roofing products. However, high initial installation costs of such roofing systems hamper the market growth. The impact of this factor is anticipated to reduce in future due to intense completion and technological advancements.

One of the primary factors driving the North America roofing market growth of the is the expansion of the residential and non-residential construction. In addition, governments are investing in residential sector due to rise in population and for better living standards. In 2020, the residential fixed investment in U.S. was $885 billion, accounting for 4.2% of the GDP.  The increasing demand for single family houses has fueled the North America roofing market. Furthermore, low mortgage rates have significantly increased real estate investments from investors as well as home buyers. These factors are expected to boost the demand for roofing solutions in the U.S. Hence, due to rise in population, these investments in construction sector will increase the utilization of North America roofing and hence will drive the market growth.

However, during the COVID-19 pandemic, various manufacturers in the North America roofing market had to stop their business in countries such as China, the U.S., and India. This break directly impacted the sales of North America roofing companies.

In addition, lack of manpower and raw materials also constricted supply of equipment of North America roofing system, which negatively influenced the growth of the market. However, reopening of production facilities and introduction of vaccines for coronavirus disease are anticipated to lead to re-opening of North America roofing companies.

Key Findings Of The Study

  • The report provides an extensive analysis of the current and emerging North America roofing market trends and dynamics.  
  • Depending on product type, the shingle roofing segment has dominated the North America roofing market share, in terms of revenue in 2021 and tile roofing is projected to grow at a significant CAGR during the forecast period.
  • By application, the residential segment has registered highest revenue in 2021.
  • By material type, membrane segment has registered highest revenue in 2021.
  • The U.S. is projected to register highest growth rate in the coming years. 
  • The key players within the North America roofing market are profiled in this report, and their strategies are analyzed thoroughly, which help understand competitive outlook of the North America roofing industry. 
  • The report provides an extensive North America roofing market analysis of the current trends and emerging North America roofing market opportunities. 
  • In-depth analysis is conducted by constructing estimations for the key segments and North America roofing market Forecast from  2022 and 2031.


 

Need More Information

pr-det-talk Talk to David (Europe)

pr-det-talk Talk to Sona Padman (Americas)

5933 NE Win Sivers Drive #205,
Portland, OR 97220 United States

pr-det-phone Toll Free: +1-800-792-5285

pr-det-phone UK: +44-845-528-1300

pr-det-phone Hong Kong: +852-301-84916

pr-det-phone India (Pune): +91 2066346060

pr-det-phone Fax: +1(855) 550-5975

pr-det-phone help@alliedmarketresearch.com

 

For Media Inquiries, Please Contact

Allied Market Research
Contact Toll Free: +1-800-792-5285
Drop us an email at
media@alliedmarketresearch.com

Looking for Customization?

 Customization Request

Have a Question?

 Speak with Analyst

Any Confusion?

 Inquire Before Buying

Have a glance of the Report

  Request Free Sample
 
 

First time buyer?
Check offers and discount on this report
To get this report

Click Here
 
 

quote North America Roofing Market by Roofing Material (Shingles Roofing, Tile Roofing, Engineered Solution Roofing, Paneled Roofing and Structural Concrete Roofing), Material Type (Metal, Wood, Clay & Slate, Asphalt, Concrete and Membrane), Roof Type (Flat Roof, and Slope Roof), and Application (Residential, Commercial, and Industrial): Opportunity Analysis and Industry Forecast, 2022-2031 quote

View Report
 
 

Avenue: Entire Library membership of Allied Market Research Reports at your disposal

  • Avenue is an innovative subscription-based online report database.
  • Avail an online access to the entire library of syndicated reports on more than 2,000 niche industries and company profiles on more than 12,000 firms across 11 domains.
  • A cost-effective model tailored for entrepreneurs, investors, and students & researchers at universities.
  • Request customizations, suggest new reports, and avail analyst support as per your requirements.
  • Get an access to the library of reports at any time from any device and anywhere.

 
 

WHY ALLIED MARKET RESEARCH?

INFLALLIBLE METHODOLOGY

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

ANALYST SUPPORT

For complete satisfaction

CUSTOMIZATION

On-demand customization of scope of the report to exactly meet your needs

TARGETED MARKET VIEW

Targeted market view to provide pertinent information and save time of readers

 

Featured Readings

 
rep-img

Published Date Mar 2024

Hairbrush Market

Download Sample
rep-img

Published Date Mar 2024

Debt Security Market

Download Sample
rep-img

Published Date Mar 2024

Wood Adhesives Market

Download Sample

Buy Full Version
"North America Roofing Market"
Purchase Enquiry

Get fresh content delivered

Get insights on topics that are crucial for your business. Stay abreast of your interest areas.

Get Industry Data Alerts

Why Allied Market Research?

Infallible Methodology

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

Analyst Support

For complete satisfaction

Customization

On-demand customization of the scope of the report to exactly meet your needs

TARGETED MARKET VIEW

Targeted market view to provide pertinent information and save the time of readers