The Global Roofing Systems Market size is expected to reach USD 166.24 Billion in 2028 and register a revenue CAGR of 3.4% over the forecast period, according to latest report by Reports and Data. Roofing systems market revenue growth can be attributed to factors such as rapidly growing construction industry, rapid urbanization, and rising demand for sustainable roofing materials.
Rising number of construction projects in non-residential sector including schools, offices, and malls is leading to growing demand for roofing system materials. Different materials such as slate, terracotta, concrete, reflective metal roofing, and white flat tile are used for roofing systems. Technology is advancing, is resulting in reducing input cost of building roofs significantly, thereby driving market revenue growth.
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Market Overview:
As a result of steady revenue growth over the past few years, the manufacturing and construction industry is expected to achieve a robust annual revenue growth rate between 2021 and 2028. In addition to the rapidly growing construction industry, rapid urbanization and industrialization, and technological advancements in manufacturing techniques, this can also be attributed to these factors. Green construction and energy efficient buildings have become increasingly popular in recent years as awareness of environmental impact and carbon emissions has increased. Over the forecast period, key factors are expected to boost global market growth, including the rapid growth of global populations, changing lifestyle preferences, the increasing demand for smart buildings, an increase in renovation and reconstruction activities, and an increase in eco-friendly construction activities. Other factors that will contribute to market growth in the future include an increase in disposable income, government schemes, and investments by private organizations.
Some of the Leading Market Players Are Listed Below:
- Atlas Roofing Corporation,
- Johns Manville,
- ETEX Group,
- Owens Corning,
- 3M Company,
- CSR Limited,
- Boral Limited,
- The Siam Cement Public Company Limited,
- Standard Industries Inc.,
- Dow Inc.
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Competitive Landscape:
The global market comprises various market players operating at regional and global levels. These key players are adopting various strategies such as license agreements, partnerships, merger and acquisitions, collaborations, RD investments, and joint ventures to gain robust footing in the market.
Market Segmentation:
By Material Outlook
- Asphalt
- Clay
- Concrete
- Metal
- Plastic
- Others
By Product Outlook
- Shingles Plates
- Tiles
- Others
By Construction Type Outlook
- New Construction
- Reform Construction
By End-Use Outlook
- Residential
- Non-Residential
The Global Roofing Systems Market Is Segmented Into:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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