Global Roofing Market 2016-2020

This research report presents a detailed segmentation of the global roofing market by product type (bituminous, metal, and tile) and by end-users (commercial, residential, and retrofit/renovation). It outlines the market shares for key regions such as the Americas, APAC, and EMEA. The key vendors analyzed in this report include Braas Monier, Etex, Owens Corning, Saint-Gobain, and Wienerberger.

Market outlook of the roofing market

Technavio’s market research analyst predicts the global roofing market to grow at a CAGR of around 7%  between 2016 and 2020. The growing investments in real estate is a key growth factor for this market.  The development of new commercial buildings especially, hotels and shopping malls has created a demand for improved roofing products. Moreover, the rising concerns over energy consumption in buildings have led construction firms and building owners to invest in energy efficient roofing solutions.

The need for affordable homes is also expected to contribute to the market growth during the forecast period. The rise in urban population is attracting huge investments by governments in the development of residential buildings in developing countries such as India, Russia, and Nigeria.  For instance, during 2015, the State Council of China, announced the construction of 16 million apartments and the renovation of over 8 million houses between 2015 and 2017.

Product segmentation and analysis of the roofing market

• Bituminous roofing
• Metal roofing
• Tile roofing

Bituminous roofing accounted for around 36% of the market share during 2015.  The waterproofing and high reflective properties of this roofing material have made it a popular choice among residential builders and homeowners. They are also available in numerous designs and colors, and can fit any building. The report predicts the bituminous roofing segment to reach a market value of around USD 43 billion by the end of 2020.

Segmentation by end-users and analysis of the roofing market

• Residential sector
• Commercial sector
• Retrofit/renovation sector

The residential sector was the largest consumer of roofing products during 2015, accounting for a market share of around 42%. A rise in investment in the residential building construction sector is a major factor driving the growth of this market globally.

Geographical segmentation the global roofing market

• Americas
• APAC
• EMEA

EMEA was the market leader during 2015, accounting for a share of around 39%. However, this research report anticipates this region to lose its share to the APAC region during the forecast period. The growth in APAC can be attributed to the massive spending in the buildings construction sector and the rising demand for energy efficient roofing in the buildings. China is predicted to emerge as the market leader in APAC by the end of 2020.

Competitive landscape and key vendors

The global roofing market is highly fragmented and competitive. The market is dominated by large global vendors who have a vast geographical presence with huge production facilities located worldwide. Roofing manufacturers are focusing on solar and TPO roofing products due to their energy-efficient properties, thereby intensifying the competition in the market.

The key vendors in the market are -

• Brass Monier
• Etex
• Owens Corning
• Saint-Gobain
• Wienerberger

The other prominent vendors of the market include Atlas Roofing, American Hydrotech, Beacon Roofing Supply, CertainTeed, Eagle Roofing Products, IKO Industries, Johns Manville, GAF, Multicolor Steels, and Stramit.

Key Questions Answered in this Report

• What will the roofing market size and the growth rate be in 2020?
• What are the key factors driving the global roofing market?
• What are the key roofing market trends impacting the growth of the market?
• What are the challenges to market growth?
• Who are the key vendors in the roofing market?
• What are the market opportunities and threats faced by the vendors in the roofing market?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA?
• What are the key outcomes of the five forces analysis of the global roofing market?

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