The roofing industry is expected to reach nearly $20 billion in 2021. ( Market Research) There will always be houses in the U.S., and those houses will always need roofs. Because of this, the roofing market is showing no signs of slowing down. The roofing market is saturated but expanding. Legacy services, such as corrugated metal, ceramic, (1) US INDUSTRY (NAICS) REPORT 23816 / CONSTRUCTION Roofing Contractors in the US Report by.
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Roof replacement costs between $6,700 and $80,000 or $11,500 for an average-sized home. The type of materials and the design of your roof determine your costs and up to 60% of your price will. According to the second quarter 2021 Quarterly Product Shipment Report published by the Asphalt Roofing Manufacturers Association (ARMA), asphalt shingle shipments in the United States have increased nearly 23% year over year between second quarter 2020 and 2021. The United States roofing market attained a value of USD 23.35 billion in 2023, driven by the rise in construction activity. Aided by rapid urbanization and technological advancements, the market is expected to witness a further growth in the forecast period of 2024-2032, growing at a CAGR of 6.6%. The market is projected to reach USD 41.50 billion by 2028. Pricing Details The global roofing market size was valued at $102.4 billion in 2020, and is projected to reach $156.0 billion by 2030, registering a CAGR of 4.3% from 2021 to 2030. Roofing offers protection from heat, rain, and other atmospheric conditions.
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Nearly 52% of roofers said coatings sales improved in 2021, and 41% said sales remained the same. Single-ply roofing sales appeared strongest, with 74% of contractors indicating growth. Just 7% reported decreased sales in both of those categories. Nearly one-third of respondents said low-slope commercial sales also dipped. The cost to reroof a home ranges from $5,725 to $12,401, with the national average at $9,052, according to estimates by HomeAdvisor, an online home services aggregator. 8 Global Metal Roofing Market, By End User. 9 Global Metal Roofing Market, By Geography. 10 North America . 11 Europe . 12 Asia Pacific . 13 Middle East & Africa . 14 Latin America . 15 Global. The Company operates in large and growing metropolitan areas across the Southwest, Southeast and Great Plains and maintains deep, long-standing relationships with leading national and local.
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The Commercial Roofing Market underwent significant shifts and adaptations in response to the COVID-19 pandemic. Here is an analysis of its impact: Supply Chain Disruptions: The pandemic disrupted. Roofing is the process of applying an external covering on the roof of a building. The external covering can either be self-supporting or be supported by structures underneath it. Read more about this report - REQUEST FREE SAMPLE COPY IN PDF On the basis of type, the roofing market is divided into: Asphalt Shingles Metal Tiles Wood Shingles
U.S. Roofing Market is Expected to Grow at 5.6% in the Forecast Period of 2021 to 2028. View Report. Request For TOC. Inquiry Before Buying. Request For Sample. U.S. Roofing Market is forecasted to grow at 5.6% with factors such as increasing usage of cost-effective and efficient sheet roofing in various country. Listen to Audio Version. The global roofing materials market size was valued at USD 138.43 billion in 2022 and is projected to grow from USD 135.08 billion in 2023 to USD 173.23 billion by 2030, exhibiting a CAGR of 3.6% during the forecast period. Roofing materials are the outermost layers of a building's roof used to construct or repair a.
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In 2020, Sika AG acquired Modern Waterproofing Group, one of the leading manufacturers of roofing and waterproofing systems in Egypt. This acquisition is expected to enhance the product portfolio of Sika AG and offer new opportunities for growth in the Egyptian construction market. In 2020, Nouryon launched elastomeric cool roof coatings. New Delhi, April 14, 2023 (GLOBE NEWSWIRE) -- In 2022, the United States roofing market was valued at $26.20 billion and is projected to generate a revenue of $39.64 billion by 2031.
