In-Depth Exploration of the Roofing System Market: Enriching Industry Understanding, Envisioning Trends, Evaluating Growth Catalysts, and Forecasting Advancements from 2023 to 2030.
Report Ocean has recently released a comprehensive research report on the global Roofing System Market. The report offers a detailed analysis of various market characteristics, such as size, growth, segmentation, regional and country breakdowns, competitive environment, market shares, trends, and strategies. It also provides insights into the impact of the COVID-19 pandemic on the market.
Global Roofing System Market is valued at approximately USD 127.75 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 3.09% over the forecast period 2022-2029.
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The roofing system generally refers to the roof insulation (if present), air barrier or vapor retarder (if produce(, the roof membrane, and accessories. The roofing products offer more security from rain, heat, and other atmospheric circumstances. All the roofing products are mainly used for the construction of roofs in residential and commercial buildings, such as offices, hotels, and educational institutes. The growing government initiatives to provide affordable housing, rebound in non-residential construction, and development of economic zones in developing countries such as China & India are the few factors responsible for the market growth across the globe.
The exponential rise in construction and infrastructure activities is playing a significant role that is impelling the market demand in the global market. For instance, as per the Statista report, in 2021, the global construction market was estimated valued at around USD 7.3 trillion. Also, it is anticipated to grow and reach nearly USD 14.4 trillion by 2030. Similarly, International Construction Market Survey estimates that the global growth rate of the construction sector was approximately 3.5% in 2017 and increased to 3.9% (nearly( in 2018. Thus, these aforementioned factors are fostering the demand for roofing system globally. Moreover, the rise in population and urbanization along with the growing demand for sustainable roofing materials are the major factors likely to create lucrative growth opportunities to the market in the upcoming years. However, the high costs of raw materials and installation are one of the major factors that restrain the growth of the global Roofing System market during the forecast period.
The key regions considered for the Global Roofing System Market study include Asia Pacific, North America, Europe, Latin America, and the Rest of the World. North America is the leading region across the world in terms of market share owing to the increased demand for sustainable roofing products from the residential sector, widely developed manufacturing industry, and government initiatives to develop social infrastructure in the region. However, Asia-Pacific is also anticipated to exhibit the highest growth rate over the forecast period 2022-2029. Factors such as the enforcement of green building codes by various governments along with the growing construction industry across the region would create the demand for roofing systems in the Asia-Pacific region.
Major market players included in this report are:
GAF Materials Corporation
Atlas Roofing Corporation
CertainTeed Corporation
Owens Corning
Braas Monier Building Group
Etex Group
Fletcher Building Limited
TAMKO Building Products, LLC .
CSR Ltd.
Saint Gobain SA
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The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.
The detailed segments and sub-segment of the market are explained below:
By Product:
Asphalt Shingles
Concrete & Clay Tile Roofs
Metal Roofs
Elastomers & Plastic Roofs
Others
By Application:
Residential
Non-Residential
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
RoLA
Rest of the World
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Key Questions Addressed
- Growth Potential: Our report delves into the potential for growth in the Roofing System market, highlighting the promising opportunities that lie ahead.
- Product Dominance: We analyze the product segments within the market to identify which one is likely to dominate, shedding light on its potential trajectory.
- Regional Leadership: The report examines regional markets to predict which one is poised to emerge as a frontrunner in the future, backed by insightful data and analysis.
- Application Growth: We identify the application segment that is expected to experience strong growth, helping stakeholders direct their focus effectively.
- Growth Opportunities: The report pinpoints potential growth opportunities within the Roofing System industry, enabling market participants to strategize for expansion.
- Challenges Ahead: By highlighting major challenges, we offer a holistic view of potential obstacles that the Roofing System market may face in the future.
- Leading Companies: Our analysis presents leading companies within the Roofing System market, offering an overview of their strategies, sales volume, and revenue performance.
- Positive Trends: We identify key trends that are positively impacting market growth, aiding stakeholders in understanding shifting dynamics.
- Growth Strategies: The report sheds light on growth strategies considered by market players to sustain their positions, fostering a competitive edge.
Research Methodology and Structure
Our robust research methodology ensures the accuracy and reliability of the information presented in this report. As you navigate through its chapters, you will find:
- Introduction and Overview: An in-depth introduction sets the stage for our comprehensive industry analysis, offering readers a comprehensive perspective.
- Chapter-wise Guidance: Our report offers chapter-wise guidance, allowing you to navigate specific areas of interest seamlessly.
- In-depth Analysis: Over 200 pages of in-depth analysis encompass the latest research findings and insights, providing a comprehensive understanding of the market.
- Regional Insights: An updated regional analysis, presented graphically, showcases market size, share, and emerging trends within each region.
- List of Tables and Figures: A comprehensive list of tables and figures supports the information presented, enhancing the clarity of the report.
- Top Market Players: We extensively analyze the leading market players, offering insights into their business strategies, sales volume, and revenue analysis.
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