Overview of the global roofing panels market

Market research analysts at Technavio predict that the global roofing panels market will grow steadily during the next four years and post a CAGR of over 5% by 2021. This market research analysis identifies the increasing adoption of energy-efficient products as one of the primary growth factors for this market. The use of cool roof technologies is increasing due to the rising energy costs and concerns regarding carbon emissions. Many organizations including the US Department of Energy and US Environmental Protection Agency and the Cool Roof Rating Council certify the effectiveness of roofs to reduce cooling costs. Additionally, governments of various countries have also started encouraging the use of solar roofing systems that use photovoltaic cells to convert solar energy into electricity.

One of the latest trends that will gain traction in the roofing panels market during the next few years is the adoption of insulated sandwich roof panels. Sandwich panels are one-step solutions to insulation and weather tightness. Since sandwich panels provide improved thermal insulation, weather protection, and eliminate interstitial condensation and cold bridging, the coming years will witness an increasing demand for insulated roofing panels from the contractors for constructing ceilings or walls.

Competitive landscape and key vendors

Due to the presence of a several large and small scale vendors, this market appears to be highly fragmented. The vendor competition in the market is based on factors such as price, features, and product quality. The suppliers attempt to create strong brand names and high levels of customer loyalty to the customers in this market since end-users pursue proven and well-established products with strong brand names and a long history of quality and expertise.

The leading vendors in the market are -

• ArcelorMittal
• OmniMax International
• Kingspan Group
• Lindab
• NCI Building Systems
• Palram Industries
• Rautaruukki

The other prominent vendors in the market include AEP Span, AGWAY METALS, AmeriLux International, ATAS International, Avcomposites  , BEMO, Berridge Manufacturing, Bigbee Steel Buildings, BlueLinx Corporation, BlueScope, Brett Martin Plastic Sheets, Carlisle Companies (Carlisle SynTec System), Cembrit Holding, Centurion Industries, CERTAINTEED, Chicago Metal Supply, CHIEF INDUSTRIES, Cladco Profiles, CO Building Systems, Coated Metals Group, Dean Steel Buildings, Drexel Metals, Elval Colour, elZinc, Englert, Everlast Roofing, Filon Products, Firestone Building Products, Fischer Profil, Garland Industries, Georgia Metals, Golden Giant, Grupo IUSA (Cambridge-Lee Industries), Hambleside Danelaw, Hindalco Industries Limited (Novelis), HIXWOOD METAL, INDU LIGHT, Innovative Metals Company, Insulating Coatings Corporation , Isaiah Industries, ISOLPACK, Italpannelli Germany, KLAUER MANUFACTURING COMPANY, LATTONEDIL - DÄMMPANEELE IN PERFEKTION, Libart , MAAS Profile, Marcegaglia, McElroy Metal, Metal Panels , Metal Sales Manufacturing Corporation, Nucor (CBC Steel), Nucor (Kirby Building Systems), Nucor Company (American Buildings Company), Oakland Metal Buildings, Onduline, PAC-CLAD Metal Roofing, Package Steel Buildings, Pinnacle Structures, R-50 Systems, Ramco Supply, RHEINZINK, Schulte Building Systems, Sheffield Metals International, Solarlux, SPIRCO manufacturing, Tata Steel (Kalzip), The Garland Company, The Interlock Group, Tyler Building Systems, Umicore Group (VMZINC), Union Corrugating, United Structures of America, and WHIRLWIND STEEL.

Segmentation by end-user and analysis of the roofing panels market

• Non-residential
• Residential

During 2016, the non-residential segment accounted for the major shares and dominated this market. The increase in commercial constructions including offices, banks, hotels, bars, restaurants, fitness clubs, retail stores, supermarkets, cinemas, sports facilities, restaurants, sports stadium, and other establishments with common business operations will be the major factor contributing to the growth of this market segment in the coming years.

Geographical segmentation and analysis of the roofing panels market

• Americas
• APAC
• EMEA

This market study estimates that in terms of geographic regions, APAC will be the major revenue contributor to the market by 2021. The roofing panels market in APAC is likely to grow due to a rise in the construction of commercial and housing segments in emerging economies across the region. Due to the growing populations, increasing wealth, and rapid urbanization and a significant portion of the investment in public transport infrastructure is driving the demand for roofing panels in this region.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global roofing panels market?
• What are the key market trends impacting the growth of the global roofing panels market?
• What are the challenges to market growth?
• Who are the key vendors in the global roofing panels market?
• What are the market opportunities and threats faced by the vendors in the global roofing panels 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 panels market?

Technavio also offers customization on reports based on specific client requirement.

Roofing panels are components meant to cover the uppermost part of a building and provide protection to the occupants from weather hazards and animals. Technavio's reports for the heavy industries industry cover a wide range of product sectors like construction and engineering tools. Further to rendering information on various aspects such as the changes in customer choices and the attributes, which will affect the growth of vendors in the construction industry's marketspace, Technavio's reports also reveal a competitive analysis of the dominant vendors in the heavy industry market space.

To accurately forecast the construction industry's growth prospects, our team of market research experts conduct a comprehensive research approach of qualitative and quantitative techniques and carry out an extensive analysis of several parameters, including technological innovations and the demand for different products across multiple geographical locations. With an intent to help clients draft new strategies for growth, our upcoming industry research report on the global roofing panels market offers practical insights construed from the data collected from information sources such as manufacturers, decision makers, channel partners, and regulatory bodies.

This upcoming report on the global roofing panels market also takes into account the growth of similar markets such as the outdoor flooring and elevator and escalator market in the US, which are forecasted to grow at a CAGR of almost 7% and close to 4%, respectively, during the period of 2017 to 2021. According to our market research analysts, large-scale investments in infrastructure development projects such as new hospitals, manufacturing plants, transportation infrastructure, and power plants will boost the construction industry's growth for the next few years.

The upcoming industry research report for the global roofing panels market also identifies the market drivers, trends, and the setbacks faced by the heavy industries market industry and gives insights into test and measurement and unit operations markets.