Global Roofing Systems Market 2017-2021

The key findings from our roofing systems market forecast report are summarized below

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Global Roofing Systems Industry Outlook

Research analysis on the global roofing systems market identifies that the increasing number of smart cities will be one of the major factors that will have a positive impact on the growth of the market. A smart city involves the integration of communication, information, and technology for daily operations such as safety, security, telecommunication, governance, energy efficiency, and sustainability. The private investors in the developing nations are collaborating with the government to develop smart cities. Also, the world’s highest number of smart cities are found in EMEA. The number of smart cities in APAC is also growing. Consequently, the global construction market is also experiencing high growth. The majority of this growth is contributed by countries such as China, the US, and India. This in turn, will directly influence the demand for roofing framing systems, roofing felt systems, and roofing systems for industrial buildings. Technavio’s market research analysts predict that this global market will grow at a CAGR more than 3% during the forecast period.

The rising need for an extremely strong, energy efficient, and cost-effective roofing systems have encouraged manufacturers to come up with roofing insulation systems such as structural insulated panels (SIP). As a result, the advent of SIP is identified as one of the key trends that will drive the growth prospects for the global roofing systems market in the forthcoming years. The adoption of SIPs is increasing because the installation of SIP saves time, money, and the number of labors employed for vendors. Also, they can be custom designed for special homes or commercial purposes.

Competitive landscape and key vendors

The roofing systems market is competitive and fragmented and characterized by the presence of several local and international vendors. New vendors find it easy to enter the market because it is not very capital intensive. However, they find it difficult to compete against international players due to their constant R&D and better after-sales services.

The report offers a detailed analysis of several leading companies, including:

• Braas Monier Building Group
• Boral
• Etex
• Owens Corning
• Saint-Gobain

Other prominent vendors in the market include Wienerberger, Atlas Roofing, American Hydrotech, Beacon Roofing Supply, Eagle Roofing, IKO Industries, Johns Manville, GAF, Multicolor Steels, Stramit, Carlisle Companies, Siam City Cement Company, CSR Roofing Contractors, Berkshire Hathaway, and Firestone Building Products Company.

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Roofing systems market segmentation by end-user

• Non-residential
• Residential

The business processes of local organizations and the global economy are witnessing growth due to the firm global economic circumstances and steady regional macroeconomic conditions. This, in turn, will boost the demand for office spaces. The majority of demand for office spaces is experienced from companies in the financial sector, especially in banking and insurance. The increasing focus on the construction of office buildings is driving growth in the market in the non-residential segment. This, in turn, will boost the demand for roofing systems in these office buildings.

Roofing systems market segmentation by geography

• Americas
• APAC
• EMEA

The demand for roofing systems is high in Europe. Also, the number of older people in EMEA is increasing, which in turn, is propelling the demand for hospitals and healthcare services. In addition, the need for hospitals and healthcare services throughout the Middle East will further increase due to the high instances of lifestyle-related chronic diseases, rising consumer expectations, and increasing life expectancy. The construction of healthcare facilities will have a positive impact on the market for roofing systems.

Key highlights of the global roofing systems market for the forecast years 2017-2021:

• CAGR of the market during the forecast period 2017-2021
• Detailed information on factors that will accelerate the growth of the roofing systems market during the next five years
• Precise estimation of the global roofing systems market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behaviour
• Growth of the roofing systems industry across various geographies such as the Americas, APAC, and EMEA
• A thorough analysis of the market’s competitive landscape and detailed information on several vendors
• Comprehensive information about factors that will challenge the growth of roofing system companies

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