Roofing Market to Reach $156.0 Bn, Globally, by 2030 at 4.3% CAGR: Allied Market Research
Developments in the construction industry, rapid urbanization, innovations in technology, government support for residential construction projects, and rise in re-roofing activities drive the growth of the global roofing market
PORTLAND, Ore., Nov. 2, 2021 /PRNewswire/ -- Allied Market Research published a report, titled, "Roofing Market by Roofing Material (Bituminous Roofing, Metal Roofing, Tile Roofing, and Others), Roofing Type (Flat Roof, and Slope Roof), and Application (Residential, Commercial, and Industrial): Global Opportunity Analysis and Industry Forecast, 2021–2030." According to the report, the global roofing industry was estimated at $102.4 billion in 2020, and is anticipated to hit $156.0 billion by 2030, registering a CAGR of 4.3% from 2021 to 2030.
Drivers, restraints, and opportunities-
Developments in the construction industry, rapid urbanization, innovations in technology, government support for residential construction projects, and rise in re-roofing activities drive the growth of the global roofing market. On the other hand, high installation cost of roofing restrains the growth to some extent. However, several government initiatives for energy efficient buildings are expected to create lucrative opportunities in the industry.
Download Sample PDF: https://www.alliedmarketresearch.com/request-sample/1881
COVID-19 scenario-
- The outbreak of the pandemic gave way to huge disruptions in the production and manufacturing of roofing materials across the world, thereby impacting the global roofing market negatively.
- However, as the situation is getting ameliorated, the market is anticipated to get back on track soon.
The bituminous segment to retain the lion's share-
On the basis of roofing material, the bituminous segment held the major share in 2020, garnering more than half of the global roofing market. The same segment is also projected to cite the fastest CAGR of 4.7% throughout the forecast period. This is because bitumen roofing is extremely long-lasting because of their great tensile strength.
The flat roof segment to dominate by 2030-
On the basis of roofing type, the flat roof segment contributed to the lion's share in 2020, holding nearly three-fourths of the global roofing market. The same segment is also projected to manifest the fastest CAGR of 4.4% from 2021 to 2030. Increase in roofing activities in the developed and developing economies fuels the segment growth.
Get detailed COVID-19 impact analysis on the Roofing Market:
https://www.alliedmarketresearch.com/request-for-customization/1881
Asia-Pacific, followed by North America, held the major share in 2020-
By region, the market across Asia-Pacific, followed by North America, dominated in 2020, garnering more than two-fifths of the global roofing market. The same region is also expected to cite the fastest CAGR of 4.6% throughout the forecast period. The rising expenditure for infrastructure development in the industrial, commercial, and healthcare sectors is boosting the roofing industry in Asia Pacific.
Key Players in the industry-
- Atlas Roofing Corporation
- Johns Manville
- Duro-Last, Inc.
- E. I. Du Pont De Nemours, Inc.
- BASF SE
- Owens Corning
- Sika AG
- Standard Industries Inc.
- The Dow Chemical Company.
Interested in Procure Data? Visit: https://www.alliedmarketresearch.com/purchase-enquiry/1881
Access AVENUE- A Subscription-Based Library (Premium on-demand, subscription-based pricing model) at: https://www.alliedmarketresearch.com/library-access
Avenue is a user-based library of global market report database, provides comprehensive reports pertaining to the world's largest emerging markets. It further offers e-access to all the available industry reports just in a jiffy. By offering core business insights on the varied industries, economies, and end users worldwide, Avenue ensures that the registered members get an easy as well as single gateway to their all-inclusive requirements.
Avenue Library Subscription | Request for 14 days free trial of before buying:
https://www.alliedmarketresearch.com/avenue/trial/starter
Similar Reports We Have:
Roofing Tiles Market - Global roofing tiles market is projected to reach $41,354.9 million by 2027, registering a CAGR of 5.2% from 2020 to 2027.
North America Roofing Market - North America Roofing market is projected to reach $47,517.8 million in 2025, growing at a CAGR of 5.9%
Green Roof Market - Green roof market size was valued at $1,451.3 million in 2019 and is expected to reach $4,192.0 million by 2027, registering a CAGR of 15.6% from 2020 to 2027.
Construction 4.0 Market - Global construction 4.0 market is projected to reach $29,101.5 million by 2027, registering a CAGR of 18.2% from 2020 to 2027.
Construction Equipment Market - Global construction equipment market size is expected to reach $261,047 million in 2027, growing at a CAGR of 4.3% from 2020 to 2027.
Pre-Book Now with 10% Discount:
Cool Roof Market - Global Opportunity Analysis and Industry Forecast, 2020–2027
Roof Cladding Market - Global Opportunity Analysis and Industry Forecast, 2021-2030
About us:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
Contact us:
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
Toll Free (USA/Canada): +1-800-792-5285,
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1-855-550-5975
[email protected]
Web: https://www.alliedmarketresearch.com
Follow Us on | Facebook | Twitter | LinkedIn
SOURCE Allied Market Research
WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?
Newsrooms &
Influencers
Digital Media
Outlets
Journalists
Opted In
Share this article