The global roofing systems market size is expected to reach USD 166.24 Billion in 2028 and register a revenue CAGR of 3.4% during the forecast period. Steady market revenue growth can be attributed to factors such as rapid growth of the global construction industry, rapid urbanization, continuous technological advancements in this field, various initiative by governments of various countries to provide houses to citizens resulting in increasing number of residential construction projects, rising non-residential construction activities, and rising demand for sustainable roofing systems.
Migration of people from rural to urban areas for better livelihood is increasing demand for new houses, is expected to drive demand for more advanced roofing systems, which in turn, is boosting market revenue growth. Government initiatives to provide homes to poor people with every basic facility is also increasing demand for roofing systems.
Request Sample of this report @ https://www.reportsanddata.com/sample-enquiry-form/1719
Some Key Highlights from the Report
- Among the material segments, the asphalt segment accounted for largest revenue share in 2020, and is also expected to register fastest revenue CAGR during the forecast period. Features and qualities of asphalt shingles enable asphalt-based roofing systems to withstand wind, hail, or fire damage and discoloration. Other features include algae resistance, locking shingles, and durability make asphalt a more reliable material for developing roofing systems.
- Roofing systems offer various benefits such as protection of building interior from various effects of extreme weather conditions such as rain, wind, sun, heat, and snow, and providing thermal insulation and desired aesthetic appearance.
- Among the product type segments, the shingles & plates segment accounted for largest revenue share in 2020. The tiles segment is expected to register faster revenue CAGR during the forecast period. Certain advantages offered by tiles in roofing systems include long-lasting systems, resistance to rot and insect damage, environment-friendly, energy efficiency, and low maintenance requirements.
- Roofing systems market in Asia Pacific accounted for largest revenue share in 2020, and is expected to register a fastest revenue CAGR during the forecast period due to substantial investments in research & development on advanced technologies in the construction sector. Rapid urbanization, and expansion of the construction industry in developing countries in the region are other factors driving revenue growth of the Asia Pacific market.
- In January 2022, Switzerland-based company, Holcim Group, signed agreement to acquire Malarkey Roofing Products, which is a US-based firm involved in providing residential roofing systems.
- Companies profiled in the global market report include Atlas Roofing Corporation, Johns Manville, ETEX Group, Owens Corning, 3M Company, CSR Limited, Boral Limited, The Siam Cement Public Company Limited, Standard Industries Inc., and Dow Inc.
Request Latest Insights in this report@ https://www.reportsanddata.com/request-latest-insight/1719
For this report, Reports and Data has segmented the global roofing systems market based on material, product, construction type, end-use, and region:
Material Outlook (Revenue, USD Billion; 2018–2028)
- Asphalt
- Clay
- Concrete
- Metal
- Plastic
- Others
Product Outlook (Revenue, USD Billion; 2018–2028)
- Shingles & Plates
- Tiles
- Others
Construction Type Outlook (Revenue, USD Billion; 2018–2028)
- New Construction
- Reform Construction
End-Use Outlook (Revenue, USD Billion; 2018–2028)
- Residential
- Non-Residential
Regional Outlook (Revenue, USD Billion; 2018–2028)
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- UK.
- France
- Italy
- Spain
- Sweden
- BENELUX
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of APAC
- Latin America
- Brazil
- Rest of LATAM
- Middle East & Africa
- Saudi Arabia
- UAE
- South Africa
- Israel
- Rest of MEA
Request Customization on this report@ https://www.reportsanddata.com/request-customization-form/1719
Explore Trending Research Reports by Reports and Data
Metering Pumps Market: https://www.globenewswire.com/news-release/2019/10/17/1931345/0/en/Metering-Pumps-Market-To-Reach-USD-7-40-Billion-By-2026-Reports-And-Data.html
Smart Water Meter Market: https://www.globenewswire.com/news-release/2020/03/09/1997441/0/en/Smart-Water-Meters-Market-To-Reach-USD-10-7-Billion-By-2026-Reports-and-Data.html
3D Titanium Technology Market: https://www.globenewswire.com/news-release/2020/03/09/1997479/0/en/3D-Titanium-Technology-Market-To-Reach-USD-4-57-Billion-By-2027-Reports-and-Data.html
About Reports and Data
Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients to make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Products, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.
Contact:
John W, Head of Business Development
Reports And Data | Web: www.reportsanddata.com
Direct Line: +1-212-710-1370
E-mail: sales@reportsanddata.com
LinkedIn | Twitter | Blogs