Residential Roofing Market Size, Trends and Insights By Type (Asphalt Shingles, Metal Roofing, Solar tiles, Clay and Concrete tiles, Build roofing, Others), By Application (Reroofing, New Construction Roofing), By Roofing Pattern (Flat Roof, Slope Roof), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2024–2033
Report Snapshot
| Study Period: | 2024-2033 |
| Fastest Growing Market: | Asia-Pacific |
| Largest Market: | Europe |
Major Players
- Owens Corning
- GAF Materials Corporation
- CertainTeed Corporation (Saint-Gobain)
- TAMKO Building Products Inc.
- Others
Reports Description
As per the current market research conducted by the CMI Team, the global Residential Roofing Market is expected to record a CAGR of 5.8% from 2023 to 2032. In 2023, the market Application is projected to reach a valuation of USD 10.3 Billion. By 2032, the valuation is anticipated to reach USD 16.2 Billion.
| Market Name | 2023 |
| Roofing Market | 112.5 |
| Residential Roofing Market | 11.25 |
The Residential Roofing market pertains to the production and installation of roofing systems for individual homes. Nature-wise, it involves various materials like asphalt, metal, and composite shingles, catering to diverse aesthetic and functional needs.
Recent trends emphasize sustainability, with a surge in demand for energy-efficient and eco-friendly roofing solutions. Additionally, technological integration, such as smart roofing systems, has gained prominence, reflecting the market’s evolution towards innovation, durability, and environmental consciousness.
Residential Roofing Market – Significant Growth Factors
The Residential Roofing Market presents significant growth opportunities due to several factors:
- Sustainability Drive: Growing environmental awareness propels demand for eco-friendly roofing materials, creating opportunities for companies investing in recyclable and energy-efficient solutions.
- Technological Advancements: Smart roofing technologies offer enhanced functionality, providing opportunities for innovation in automation, energy harnessing, and monitoring systems.
- Urbanization: As urban populations rise, there’s a surge in residential construction, driving demand for roofing materials and installation services in new developments.
- Government Incentives: Subsidies and incentives for energy-efficient roofing installations present lucrative opportunities for companies aligning with sustainable practices.
- Resilience Needs: The increasing frequency of extreme weather events creates opportunities for robust roofing solutions, addressing the growing need for climate-resilient homes.
- Aesthetic Preferences: Changing consumer tastes and preferences creates opportunities for companies offering a diverse range of roofing designs and styles to cater to individual aesthetic choices.
Residential Roofing Market – Mergers and Acquisitions
The Residential Roofing Market has seen several mergers and acquisitions in recent years, with companies seeking to expand their market presence and leverage synergies to improve their Type offerings and profitability. Some notable examples of mergers and acquisitions in the Residential Roofing Market include:
- In February 2022, Johns Manville, a subsidiary of Berkshire Hathaway, unveiled two innovative solutions designed to enhance the efficiency of bituminous roofing systems. This move reflects the company’s commitment to advancing roofing technologies.
- In February 2022, Carlisle Companies Incorporated completed the acquisition of MBTechnology, Inc., expanding its capabilities in roofing underlayment. This strategic move not only increases Carlisle’s capacity but also diversifies their offerings in the realm of modified bitumen roofing, reinforcing their position in the market.
These mergers and acquisitions have helped companies expand their Type offerings, improve their market presence, and capitalize on growth opportunities in the Residential Roofing Market. The trend is expected to continue as companies seek to gain a competitive edge in the market.
COMPARATIVE ANALYSIS OF THE RELATED MARKET
| Residential Roofing Market | Reversible Textile Coloring Market | Structural Insulated Panels Market |
| CAGR 5.8% (Approx) | CAGR 7.6% (Approx) | CAGR 6.5% (Approx) |
| USD 16.2 Billion by 2032 | USD 44.7 Billion by 2032 | USD 21.08 Billion by 2032 |
Residential Roofing Market – Significant Threats
The Residential Roofing Market faces several significant threats that could impact its growth and profitability in the future. Some of these threats include:
- Raw Material Price Volatility: Fluctuations in the prices of key roofing materials like asphalt, metal, and wood can impact profit margins and pricing strategies for residential roofing companies.
- Regulatory Challenges: Evolving building codes and environmental regulations may pose challenges, requiring companies to adapt quickly to new standards and compliance requirements.
- Labor Shortages: A shortage of skilled labor in the construction industry can impede project timelines and increase labor costs, affecting overall operational efficiency in the residential roofing sector.
- Economic Downturn Impact: Residential construction, being sensitive to economic downturns, can experience reduced demand during periods of economic instability, affecting roofing projects and service demand.
- Weather-Related Setbacks: Unforeseen weather events, like storms or hurricanes, can disrupt roofing projects, causing delays, damages, and additional expenses for residential roofing firms.
- Competition and Price Wars: Intense competition within the industry may lead to price wars, impacting profit margins and potentially compromising the quality of materials or services to cut costs.
- Technological Disruptions: Rapid advancements in roofing technologies may pose a threat to companies that fail to adapt, potentially rendering traditional roofing solutions obsolete and affecting market share.
Report Scope
| Feature of the Report | Details |
| Market Size in 2023 | USD 10.3 Billion |
| Projected Market Size in 2032 | USD 16.2 Billion |
| Market Size in 2022 | USD 9.8 Billion |
| CAGR Growth Rate | 5.8% CAGR |
| Base Year | 2023 |
| Forecast Period | 2024-2033 |
| Key Segment | By Type, Application, Roofing Pattern and Region |
| Report Coverage | Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends |
| Regional Scope | North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America |
| Buying Options | Request tailored purchasing options to fulfil your requirements for research. |
Category-Wise Insights
By Type
- Asphalt Shingles: Asphalt shingles, the most popular roofing material, consist of a fiberglass or organic base saturated with asphalt. They are cost-effective, durable, and available in various styles. Trends include energy-efficient cool roofing options, impact-resistant variants, and innovative designs meeting aesthetic preferences.
- Metal Roofing: Metal roofing involves materials like steel, aluminum, or copper. Known for durability and longevity, it’s gaining popularity. Trends encompass the use of recycled materials, cool metal roofing for energy efficiency, and modular metal shingles offering aesthetic diversity.
- Solar Tiles: Solar tiles integrate solar cells into roofing materials, generating electricity. These eco-friendly tiles are part of the solar energy trend, addressing sustainability concerns and reducing dependence on traditional power sources.
- Clay and Concrete Tiles: Clay and concrete tiles provide a distinctive and durable roofing option. The trend involves modern designs, improved manufacturing techniques for enhanced durability, and increased focus on energy-efficient cool tiles.
- Built-Up Roofing (BUR): Built-up roofing involves layering bitumen and reinforcing fabrics. Trends include reflective coatings for energy efficiency, modified bitumen for enhanced performance, and sustainable BUR options aligning with eco-friendly initiatives.
- Others: The “Others” category encompasses diverse materials like wood shakes, synthetic roofing materials, and emerging sustainable options. Trends reflect a growing demand for unique aesthetics, eco-friendly alternatives, and materials meeting specific climate and durability requirements.
By Application
- Reroofing Segment: Reroofing in the Residential Roofing Market refers to the process of replacing or renovating an existing roof. It is a strategic solution for homeowners seeking to enhance durability, energy efficiency, or aesthetics without investing in a new construction project. This segment involves assessing and upgrading the roofing system while minimizing disruption to the occupants. Recent trends in reroofing focus on sustainable materials, energy-efficient technologies, and cost-effective solutions. With an emphasis on extending the lifespan of existing structures, reroofing aligns with sustainability goals and offers a practical approach to address wear and tear, weather damage, or outdated roofing systems.
- New Construction Roofing Segment: The New Construction Roofing segment in the Residential Roofing Market pertains to the installation of roofing systems in newly built residential structures. It involves collaborating with architects and builders to design and implement roofing solutions tailored to the specific needs of the new construction project. Recent trends in this segment emphasize innovation, architectural versatility, and integration with modern technologies. As homeowners increasingly prioritize energy efficiency and aesthetic appeal, new construction roofing trends involve the use of advanced materials, smart roofing technologies, and eco-friendly designs. This segment plays a crucial role in shaping the initial aesthetic and functional aspects of a residential property, reflecting contemporary preferences and construction standards.
By Roofing Pattern
- Flat Roof: A flat roof, characterized by its minimal slope or pitch, is a horizontal covering over a building. It offers unique design possibilities for modern architecture. In the Residential Roofing Market, flat roofs are defined by their functionality and aesthetic appeal. Recent trends involve the integration of green roofing solutions, turning flat roofs into eco-friendly spaces with vegetation and solar panels. The emphasis on energy efficiency has led to the incorporation of reflective materials to mitigate heat absorption. Technological advancements also contribute to the rise of smart flat roofs with sensors for climate control. The durability of materials like PVC and TPO, coupled with easy maintenance, makes flat roofing a popular choice, especially for urban dwellings seeking both style and utility.
- Slope Roof: Slope roofs, characterized by their inclined or pitched design, are a traditional and widely adopted roofing pattern in residential construction. In the Residential Roofing Market, slope roofs are defined by their diverse styles, ranging from gable and hip roofs to mansard and gambrel roofs. Trends in slope roofing focus on blending aesthetics with functionality. There is a growing preference for durable materials like metal and composite shingles, offering both longevity and visual appeal. Additionally, eco-friendly options, such as cool roofing materials, are gaining traction for their energy-efficient properties. Architectural innovation plays a role in the trend, with homeowners opting for unique slope roof designs that complement the overall style of their homes while meeting environmental and performance standards.
Residential Roofing Market – Regional Analysis
The Residential Roofing Market is segmented into various regions, including North America, Europe, Asia-Pacific, and LAMEA. Here is a brief overview of each region:
- North America: In the North American Residential Roofing Market, the emphasis is on durability, energy efficiency, and aesthetic appeal. Asphalt shingles dominate due to their cost-effectiveness and versatility. Trends include a shift towards sustainable materials, smart roofing technologies, and increased demand for solar roofing solutions as part of the broader renewable energy movement.
- Europe: The European Residential Roofing Market prioritizes energy efficiency, with a strong focus on green roofing technologies. Metal roofing gains popularity for its longevity, while clay and concrete tiles maintain their traditional charm. Trends involve the integration of eco-friendly materials, advanced insulation solutions, and the incorporation of architectural designs that blend historical aesthetics with modern sustainability.
- Asia-Pacific: In the Asia-Pacific Residential Roofing Market, cost-effectiveness and resilience are key factors. Traditional materials like clay tiles coexist with a rising demand for modern solutions such as metal roofing. Trends include a surge in prefabricated roofing systems, cool roofing technologies to combat heat, and increased adoption of smart roofing for urban homes.
- LAMEA: The LAMEA Residential Roofing Market is characterized by a diverse range of roofing materials. Clay tiles and metal roofing are prevalent, with a growing interest in sustainable options. Trends involve the incorporation of heat-reflective materials to combat high temperatures, a preference for durable and weather-resistant roofing, and an increasing focus on modern designs to meet the evolving architectural landscape in the region.
Competitive Landscape – Residential Roofing Market
The Residential Roofing Market is highly competitive, with a large number of manufacturers and others operating globally. Some of the key players in the market include:
- Owens Corning
- GAF Materials Corporation
- CertainTeed Corporation (Saint-Gobain)
- TAMKO Building Products Inc.
- IKO Industries Ltd.
- Malarkey Roofing Products
- Carlisle Companies Incorporated
- Atlas Roofing Corporation
- PABCO Roofing Products
- Eagle Roofing Products
- Duro-Last Inc.
- Beacon Building Products
- Johns Manville
- Sika AG
- Boral Limited
- BMI Group
- Monier Roofing
- Firestone Building Products
- IKO Industries Ltd.
- Mule-Hide Products Co. Inc.
- Others
These companies operate in the market through various strategies such as application innovation, mergers and acquisitions, and partnerships.
New entrants like Tesla and startups such as Roofr and Roofstock have brought innovation to the Residential Roofing market. Tesla, with its solar roof tiles, introduced a blend of aesthetics and renewable energy. Roofr and Roofstock leverage technology for streamlined roofing services.
Dominating the market are established players like Owens Corning, GAF Materials, and CertainTeed, known for their extensive product portfolios, market presence, and continuous innovation. These key players maintain dominance through a combination of brand reputation, diversified offerings, and a commitment to technological advancements in roofing materials and systems.
The Residential Roofing Market is segmented as follows:
By Type
- Asphalt Shingles
- Metal Roofing
- Solar tiles
- Clay and Concrete tiles
- Build roofing
- Others
By Application
- Reroofing
- New Construction Roofing
By Roofing Pattern
- Flat Roof
- Slope Roof
Regional Coverage:
North America
- U.S.
- Canada
- Mexico
- Rest of North America
Europe
- Germany
- France
- U.K.
- Russia
- Italy
- Spain
- Netherlands
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- New Zealand
- Australia
- South Korea
- Taiwan
- Rest of Asia Pacific
The Middle East & Africa
- Saudi Arabia
- UAE
- Egypt
- Kuwait
- South Africa
- Rest of the Middle East & Africa
Latin America
- Brazil
- Argentina
- Rest of Latin America
Table of Contents
- Chapter 1. Preface
- 1.1 Report Description and Scope
- 1.2 Research scope
- 1.3 Research methodology
- 1.3.1 Market Research Type
- 1.3.2 Market Research Methodology
- Chapter 2. Executive Summary
- 2.1 Global Residential Roofing Market, (2024 – 2033) (USD Billion)
- 2.2 Global Residential Roofing Market: snapshot
- Chapter 3. Global Residential Roofing Market – Industry Analysis
- 3.1 Residential Roofing Market: Market Dynamics
- 3.2 Market Drivers
- 3.2.1 Sustainability Drive
- 3.2.2 Technological Advancements
- 3.2.3 Urbanization
- 3.2.4 Government Incentives
- 3.2.5 Resilience Needs
- 3.2.6 Aesthetic Preferences.
- 3.3 Market Restraints
- 3.4 Market Opportunities
- 3.5 Market Challenges
- 3.6 Porter’s Five Forces Analysis
- 3.7 Market Attractiveness Analysis
- 3.7.1 Market Attractiveness Analysis By Type
- 3.7.2 Market Attractiveness Analysis By Application
- 3.7.3 Market Attractiveness Analysis By Roofing Pattern
- Chapter 4. Global Residential Roofing Market- Competitive Landscape
- 4.1 Company market share analysis
- 4.1.1 Global Residential Roofing Market: Company Market Share, 2022
- 4.2 Strategic development
- 4.2.1 Acquisitions & mergers
- 4.2.2 New Product launches
- 4.2.3 Agreements, partnerships, collaboration, and joint ventures
- 4.2.4 Research and development and Regional expansion
- 4.3 Price trend analysis
- 4.1 Company market share analysis
- Chapter 5. Global Residential Roofing Market – Type Analysis
- 5.1 Global Residential Roofing Market Overview: By Type
- 5.1.1 Global Residential Roofing Market Share, By Type, 2022 and – 2033
- 5.2 Asphalt Shingles
- 5.2.1 Global Residential Roofing Market by Asphalt Shingles, 2024 – 2033 (USD Billion)
- 5.3 Metal Roofing
- 5.3.1 Global Residential Roofing Market by Metal Roofing, 2024 – 2033 (USD Billion)
- 5.4 Solar tiles
- 5.4.1 Global Residential Roofing Market by Solar Tiles, 2024 – 2033 (USD Billion)
- 5.5 Clay and Concrete tiles
- 5.5.1 Global Residential Roofing Market by Clay and Concrete Tiles, 2024 – 2033 (USD Billion)
- 5.6 Build roofing
- 5.6.1 Global Residential Roofing Market by Build Roofing, 2024 – 2033 (USD Billion)
- 5.7 Others
- 5.7.1 Global Residential Roofing Market by Others, 2024 – 2033 (USD Billion)
- 5.1 Global Residential Roofing Market Overview: By Type
- Chapter 6. Global Residential Roofing Market – Application Analysis
- 6.1 Global Residential Roofing Market Overview: By Application
- 6.1.1 Global Residential Roofing Market Share, By Application, 2022 and – 2033
- 6.2 Reroofing
- 6.2.1 Global Residential Roofing Market by Reroofing, 2024 – 2033 (USD Billion)
- 6.3 New Construction Roofing
- 6.3.1 Global Residential Roofing Market by New Construction Roofing, 2024 – 2033 (USD Billion)
- 6.1 Global Residential Roofing Market Overview: By Application
- Chapter 7. Global Residential Roofing Market – Roofing Pattern Analysis
- 7.1 Global Residential Roofing Market Overview: By Roofing Pattern
- 7.1.1 Global Residential Roofing Market Share, By Roofing Pattern, 2022 and – 2033
- 7.2 Flat Roof
- 7.2.1 Global Residential Roofing Market by Flat Roof, 2024 – 2033 (USD Billion)
- 7.3 Slope Roof
- 7.3.1 Global Residential Roofing Market by Slope Roof, 2024 – 2033 (USD Billion)
- 7.1 Global Residential Roofing Market Overview: By Roofing Pattern
- Chapter 8. Residential Roofing Market – Regional Analysis
- 8.1 Global Residential Roofing Market Regional Overview
- 8.2 Global Residential Roofing Market Share, by Region, 2022 & – 2033 (USD Billion)
- 8.3. North America
- 8.3.1 North America Residential Roofing Market, 2024 – 2033 (USD Billion)
- 8.3.1.1 North America Residential Roofing Market, by Country, 2024 – 2033 (USD Billion)
- 8.3.1 North America Residential Roofing Market, 2024 – 2033 (USD Billion)
- 8.4 North America Residential Roofing Market, by Type, 2024 – 2033
- 8.4.1 North America Residential Roofing Market, by Type, 2024 – 2033 (USD Billion)
- 8.5 North America Residential Roofing Market, by Application, 2024 – 2033
- 8.5.1 North America Residential Roofing Market, by Application, 2024 – 2033 (USD Billion)
- 8.6 North America Residential Roofing Market, by Roofing Pattern, 2024 – 2033
- 8.6.1 North America Residential Roofing Market, by Roofing Pattern, 2024 – 2033 (USD Billion)
- 8.7. Europe
- 8.7.1 Europe Residential Roofing Market, 2024 – 2033 (USD Billion)
- 8.7.1.1 Europe Residential Roofing Market, by Country, 2024 – 2033 (USD Billion)
- 8.7.1 Europe Residential Roofing Market, 2024 – 2033 (USD Billion)
- 8.8 Europe Residential Roofing Market, by Type, 2024 – 2033
- 8.8.1 Europe Residential Roofing Market, by Type, 2024 – 2033 (USD Billion)
- 8.9 Europe Residential Roofing Market, by Application, 2024 – 2033
- 8.9.1 Europe Residential Roofing Market, by Application, 2024 – 2033 (USD Billion)
- 8.10 Europe Residential Roofing Market, by Roofing Pattern, 2024 – 2033
- 8.10.1 Europe Residential Roofing Market, by Roofing Pattern, 2024 – 2033 (USD Billion)
- 8.11. Asia Pacific
- 8.11.1 Asia Pacific Residential Roofing Market, 2024 – 2033 (USD Billion)
- 8.11.1.1 Asia Pacific Residential Roofing Market, by Country, 2024 – 2033 (USD Billion)
- 8.11.1 Asia Pacific Residential Roofing Market, 2024 – 2033 (USD Billion)
- 8.12 Asia Pacific Residential Roofing Market, by Type, 2024 – 2033
- 8.12.1 Asia Pacific Residential Roofing Market, by Type, 2024 – 2033 (USD Billion)
- 8.13 Asia Pacific Residential Roofing Market, by Application, 2024 – 2033
- 8.13.1 Asia Pacific Residential Roofing Market, by Application, 2024 – 2033 (USD Billion)
- 8.14 Asia Pacific Residential Roofing Market, by Roofing Pattern, 2024 – 2033
- 8.14.1 Asia Pacific Residential Roofing Market, by Roofing Pattern, 2024 – 2033 (USD Billion)
- 8.15. Latin America
- 8.15.1 Latin America Residential Roofing Market, 2024 – 2033 (USD Billion)
- 8.15.1.1 Latin America Residential Roofing Market, by Country, 2024 – 2033 (USD Billion)
- 8.15.1 Latin America Residential Roofing Market, 2024 – 2033 (USD Billion)
- 8.16 Latin America Residential Roofing Market, by Type, 2024 – 2033
- 8.16.1 Latin America Residential Roofing Market, by Type, 2024 – 2033 (USD Billion)
- 8.17 Latin America Residential Roofing Market, by Application, 2024 – 2033
- 8.17.1 Latin America Residential Roofing Market, by Application, 2024 – 2033 (USD Billion)
- 8.18 Latin America Residential Roofing Market, by Roofing Pattern, 2024 – 2033
- 8.18.1 Latin America Residential Roofing Market, by Roofing Pattern, 2024 – 2033 (USD Billion)
- 8.19. The Middle East and Africa
- 8.19.1 The Middle-East and Africa Residential Roofing Market, 2024 – 2033 (USD Billion)
- 8.19.1.1 The Middle-East and Africa Residential Roofing Market, by Country, 2024 – 2033 (USD Billion)
- 8.19.1 The Middle-East and Africa Residential Roofing Market, 2024 – 2033 (USD Billion)
- 8.20 The Middle-East and Africa Residential Roofing Market, by Type, 2024 – 2033
- 8.20.1 The Middle-East and Africa Residential Roofing Market, by Type, 2024 – 2033 (USD Billion)
- 8.21 The Middle-East and Africa Residential Roofing Market, by Application, 2024 – 2033
- 8.21.1 The Middle-East and Africa Residential Roofing Market, by Application, 2024 – 2033 (USD Billion)
- 8.22 The Middle-East and Africa Residential Roofing Market, by Roofing Pattern, 2024 – 2033
- 8.22.1 The Middle-East and Africa Residential Roofing Market, by Roofing Pattern, 2024 – 2033 (USD Billion)
- Chapter 9. Company Profiles
- 9.1 Owens Corning
- 9.1.1 Overview
- 9.1.2 Financials
- 9.1.3 Product Portfolio
- 9.1.4 Business Strategy
- 9.1.5 Recent Developments
- 9.2 GAF Materials Corporation
- 9.2.1 Overview
- 9.2.2 Financials
- 9.2.3 Product Portfolio
- 9.2.4 Business Strategy
- 9.2.5 Recent Developments
- 9.3 CertainTeed Corporation (Saint-Gobain)
- 9.3.1 Overview
- 9.3.2 Financials
- 9.3.3 Product Portfolio
- 9.3.4 Business Strategy
- 9.3.5 Recent Developments
- 9.4 TAMKO Building Products Inc.
- 9.4.1 Overview
- 9.4.2 Financials
- 9.4.3 Product Portfolio
- 9.4.4 Business Strategy
- 9.4.5 Recent Developments
- 9.5 IKO Industries Ltd.
- 9.5.1 Overview
- 9.5.2 Financials
- 9.5.3 Product Portfolio
- 9.5.4 Business Strategy
- 9.5.5 Recent Developments
- 9.6 Malarkey Roofing Products
- 9.6.1 Overview
- 9.6.2 Financials
- 9.6.3 Product Portfolio
- 9.6.4 Business Strategy
- 9.6.5 Recent Developments
- 9.7 Carlisle Companies Incorporated
- 9.7.1 Overview
- 9.7.2 Financials
- 9.7.3 Product Portfolio
- 9.7.4 Business Strategy
- 9.7.5 Recent Developments
- 9.8 Atlas Roofing Corporation
- 9.8.1 Overview
- 9.8.2 Financials
- 9.8.3 Product Portfolio
- 9.8.4 Business Strategy
- 9.8.5 Recent Developments
- 9.9 PABCO Roofing Products
- 9.9.1 Overview
- 9.9.2 Financials
- 9.9.3 Product Portfolio
- 9.9.4 Business Strategy
- 9.9.5 Recent Developments
- 9.10 Eagle Roofing Products
- 9.10.1 Overview
- 9.10.2 Financials
- 9.10.3 Product Portfolio
- 9.10.4 Business Strategy
- 9.10.5 Recent Developments
- 9.11 Duro-Last Inc.
- 9.11.1 Overview
- 9.11.2 Financials
- 9.11.3 Product Portfolio
- 9.11.4 Business Strategy
- 9.11.5 Recent Developments
- 9.12 Beacon Building Products
- 9.12.1 Overview
- 9.12.2 Financials
- 9.12.3 Product Portfolio
- 9.12.4 Business Strategy
- 9.12.5 Recent Developments
- 9.13 Johns Manville
- 9.13.1 Overview
- 9.13.2 Financials
- 9.13.3 Product Portfolio
- 9.13.4 Business Strategy
- 9.13.5 Recent Developments
- 9.14 Sika AG
- 9.14.1 Overview
- 9.14.2 Financials
- 9.14.3 Product Portfolio
- 9.14.4 Business Strategy
- 9.14.5 Recent Developments
- 9.15 Boral Limited
- 9.15.1 Overview
- 9.15.2 Financials
- 9.15.3 Product Portfolio
- 9.15.4 Business Strategy
- 9.15.5 Recent Developments
- 9.16 BMI Group
- 9.16.1 Overview
- 9.16.2 Financials
- 9.16.3 Product Portfolio
- 9.16.4 Business Strategy
- 9.16.5 Recent Developments
- 9.17 Monier Roofing
- 9.17.1 Overview
- 9.17.2 Financials
- 9.17.3 Product Portfolio
- 9.17.4 Business Strategy
- 9.17.5 Recent Developments
- 9.18 Firestone Building Products
- 9.18.1 Overview
- 9.18.2 Financials
- 9.18.3 Product Portfolio
- 9.18.4 Business Strategy
- 9.18.5 Recent Developments
- 9.19 IKO Industries Ltd.
- 9.19.1 Overview
- 9.19.2 Financials
- 9.19.3 Product Portfolio
- 9.19.4 Business Strategy
- 9.19.5 Recent Developments
- 9.20 Mule-Hide Products Co. Inc.
- 9.20.1 Overview
- 9.20.2 Financials
- 9.20.3 Product Portfolio
- 9.20.4 Business Strategy
- 9.20.5 Recent Developments
- 9.21 Others.
- 9.21.1 Overview
- 9.21.2 Financials
- 9.21.3 Product Portfolio
- 9.21.4 Business Strategy
- 9.21.5 Recent Developments
- 9.1 Owens Corning
List Of Figures
Figures No 1 to 26
List Of Tables
Tables No 1 to 77
Report Methodology
In order to get the most precise estimates and forecasts possible, Custom Market Insights applies a detailed and adaptive research methodology centered on reducing deviations. For segregating and assessing quantitative aspects of the market, the company uses a combination of top-down and bottom-up approaches. Furthermore, data triangulation, which examines the market from three different aspects, is a recurring theme in all of our research reports. The following are critical components of the methodology used in all of our studies:
Preliminary Data Mining
On a broad scale, raw market information is retrieved and compiled. Data is constantly screened to make sure that only substantiated and verified sources are taken into account. Furthermore, data is mined from a plethora of reports in our archive and also a number of reputed & reliable paid databases. To gain a detailed understanding of the business, it is necessary to know the entire product life cycle and to facilitate this, we gather data from different suppliers, distributors, and buyers.
Surveys, technological conferences, and trade magazines are used to identify technical issues and trends. Technical data is also gathered from the standpoint of intellectual property, with a focus on freedom of movement and white space. The dynamics of the industry in terms of drivers, restraints, and valuation trends are also gathered. As a result, the content created contains a diverse range of original data, which is then cross-validated and verified with published sources.
Statistical Model
Simulation models are used to generate our business estimates and forecasts. For each study, a one-of-a-kind model is created. Data gathered for market dynamics, the digital landscape, development services, and valuation patterns are fed into the prototype and analyzed concurrently. These factors are compared, and their effect over the projected timeline is quantified using correlation, regression, and statistical modeling. Market forecasting is accomplished through the use of a combination of economic techniques, technical analysis, industry experience, and domain knowledge.
Short-term forecasting is typically done with econometric models, while long-term forecasting is done with technological market models. These are based on a synthesis of the technological environment, legal frameworks, economic outlook, and business regulations. Bottom-up market evaluation is favored, with crucial regional markets reviewed as distinct entities and data integration to acquire worldwide estimates. This is essential for gaining a thorough knowledge of the industry and ensuring that errors are kept to a minimum.
Some of the variables taken into account for forecasting are as follows:
• Industry drivers and constraints, as well as their current and projected impact
• The raw material case, as well as supply-versus-price trends
• Current volume and projected volume growth through 2030
We allocate weights to these variables and use weighted average analysis to determine the estimated market growth rate.
Primary Validation
This is the final step in our report’s estimating and forecasting process. Extensive primary interviews are carried out, both in-person and over the phone, to validate our findings and the assumptions that led to them.
Leading companies from across the supply chain, including suppliers, technology companies, subject matter experts, and buyers, use techniques like interviewing to ensure a comprehensive and non-biased overview of the business. These interviews are conducted all over the world, with the help of local staff and translators, to overcome language barriers.
Primary interviews not only aid with data validation, but also offer additional important insight into the industry, existing business scenario, and future projections, thereby improving the quality of our reports.
All of our estimates and forecasts are validated through extensive research work with key industry participants (KIPs), which typically include:
• Market leaders
• Suppliers of raw materials
• Suppliers of raw materials
• Buyers.
The following are the primary research objectives:
• To ensure the accuracy and acceptability of our data.
• Gaining an understanding of the current market and future projections.
Data Collection Matrix
| Perspective | Primary research | Secondary research |
| Supply-side |
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| Demand-side |
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Market Analysis Matrix
| Qualitative analysis | Quantitative analysis |
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Prominent Player
- Owens Corning
- GAF Materials Corporation
- CertainTeed Corporation (Saint-Gobain)
- TAMKO Building Products Inc.
- IKO Industries Ltd.
- Malarkey Roofing Products
- Carlisle Companies Incorporated
- Atlas Roofing Corporation
- PABCO Roofing Products
- Eagle Roofing Products
- Duro-Last Inc.
- Beacon Building Products
- Johns Manville
- Sika AG
- Boral Limited
- BMI Group
- Monier Roofing
- Firestone Building Products
- IKO Industries Ltd.
- Mule-Hide Products Co. Inc.
- Others
FAQs
The key factors driving the Market are Sustainability Drive, Technological Advancements, Urbanization, Government Incentives, Resilience Needs And Aesthetic Preferences.
The “Asphalt Shingles” category dominated the market in 2022.
The key players in the market are Owens Corning, GAF Materials Corporation, CertainTeed Corporation (Saint-Gobain), TAMKO Building Products Inc., IKO Industries Ltd., Malarkey Roofing Products, Carlisle Companies Incorporated, Atlas Roofing Corporation, PABCO Roofing Products, Eagle Roofing Products, Duro-Last Inc., Beacon Building Products, Johns Manville, Sika AG, Boral Limited, BMI Group, Monier Roofing, Firestone Building Products, IKO Industries Ltd., Mule-Hide Products Co. Inc., Others.
“Asia-Pacific” had the largest share in the Residential Roofing Market.
The global market is projected to grow at a CAGR of 5.8% during the forecast period, 2023-2032.
The Residential Roofing Market size was valued at USD 10.3 Billion in 2023.
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