How Big is The Roofing Market?

The latest intelligence report published by Report Ocean, titled “Roofing Market”2023: Increase in Demand and Opportunities,” offers valuable insights into the industry. The report provides a comprehensive analysis of research and information from various sources, empowering decision-makers worldwide to make a significant impact on the global economy. With a dynamic vision of the market size, statistics, and competitive landscape, the report presents a complete overview of the industry. It covers future trends, growth factors, consumption, production volume, CAGR value, opinions, profit margin, pricing, and industry-validated market data. This report assists individuals and market competitors in predicting future profitability and making crucial decisions for business growth.

Roofing market size was valued at $67,218 million in 2015, and is expected to reach $101,483 million by 2022 at a CAGR of 6.2%. The roofing market includes bituminous roofing, metal roofing, tile roofing and others (Plastic and RCC roofing). The roof is the covering on the uppermost part of a building, which protect the building from heat, rain, and other atmospheric conditions. Roofing market analysis has been done in the report on the basis of various segmentations which includes various segments such as product type, application and geography. By product type, the market is segmented into bituminous roofing, metal roofing, tile roofing, and others.

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How Expansive is the Roofing Market?

Factors such as rise in construction industry, rapid urbanization, and technological innovations drive the growth of the market. According to the reports from the World Urbanization Prospect, about 54% of population belonged to urban areas in 2014, and is projected to rise to 66% by 2050, thereby fueling the roofing market growth. Furthermore, rise in standard of living, particularly in the developing countries empowers re-roofing construction projects. Rise in air pollution and loss of biodiversity and urban heat island are the factors that make way for green roof technology to decrease environmental degradation.

By application, the market is segmented into residential, commercial, and other buildings. Bituminous roofing accounted for the maximum share of the global roofing market in 2015 and is anticipated to consolidate its position during the forecast period, owing to easy installation, higher durability, longer life span, and technological innovations. In addition, government of countries such as India, China, Malaysia, Indonesia, and others have invested heavily in infrastructure development, which also fuels the demand for bituminous roofing in the global roofing market. Based on applications, residential buildings is expected to witness the highest growth due to popularity of eco-friendly roofing technologies, and increased investments in the real-estate sector.

Furthermore, the roofing market is analyzed based on four geographical regions, namely, North America, Europe, Asia-Pacific, and LAMEA. Asia-Pacific is expected to dominate the global market during the analysis period due to growth in urbanization and increase in infrastructure investments. China leads the Asia-Pacific roofing market constituting nearly 44.6% of the global roofing market in 2015. This growth is attributed to rise in income levels, rapid urbanization & industrialization, and increase in government initiative to invest in infrastructure development.

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Who is the largest Key Players of Roofing Market worldwide?

Key players operating in the roofing industry include Owens Corning, Brass Monier Building Group, Etex, Saint-Gobain, Wienerberger AG, Beacon Roofing Supply, Inc., Atlas Roofing Corporation, Duro-Last, Inc., and Carlisle.

ROOFING MARKET KEY BENEFITS

This report provides an in-depth analysis of the global roofing market with current trends and future estimations to elucidate the potential investment pockets in the market.
The report provides a quantitative analysis from 2014 to 2022 to enable the stake holders to capitalize on prevailing market opportunities.
The current trends and future forecasts aid to determine the overall market potential and single out profitable trends.
Recent developments, key market players, and market shares are listed in the report to study the competitive scenario of the market.
Porter’s Five Forces model of the industry illustrates the potency of the buyers and suppliers.

ROOFING MARKET SEGMENTATION

By Product Type

Bituminous roofing
Metal roofing
Tile roofing
Others (RCC & Plastics)

By Application

Residential
Commercial
Others

By Region

North America
U.S.
Mexico
Canada
Europe
Germany
UK
France
Italy
Rest of Europe
Asia-Pacific
China
India
Japan
Rest of Asia-Pacific
LAMEA
Latin America
Middle East
Africa

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Table of Contents:

1. Introduction and Scope
   1. Definition and Forecast Parameters
   2. Methodology and Forecast Parameters
   3. Information Sources
2. Latest Trends Summary
   1. Regional Trends
   2. Product Trends
   3. End-Use Trends
   4. Business Trends
3. Industry Insights
   1. Industry Fragmentation
   2. Industry Landscape
   3. Vendor Matrix
   4. Technological and Innovative Landscape
4. Market by Region
   1. North America
   2. Latin America
   3. Europe
   4. Asia Pacific
   5. Middle East and Africa
5. Company Profiles
   1. Company Overview
   2. Financial Elements
   3. Product Landscape
   4. SWOT Analysis
   5. Systematic Outlook

Market Dynamics:

Market Drivers:

• Increasing emphasis on self-care and wellness, particularly among women. A
• Growing awareness of the health and beauty benefits offered by dietary supplements.
• Rising disposable incomes and willingness to invest in premium health and beauty products.
• Influence of social media and beauty influencers shaping consumer preferences.
• Changing lifestyles and health concerns driving the demand for supplementary nutrition.

Market Restraints:

• Lack of regulatory oversight and quality control in the supplements industry.
• Consumer skepticism and confusion regarding product claims and effectiveness.
• Potential risks and interactions with other medications or health conditions.
• Limited accessibility and affordability of supplements in certain regions.

Market Opportunities:

• Increasing demand for natural and organic supplements.
• Untapped market potential in the Asia-Pacific region.
• Development of innovative formulations and delivery methods.
• Collaborations with beauty brands or influencers for product endorsements.
• Integration of technology to personalize nutrition and enhance consumer experience.

Market Challenges:

• Intense competition among market players.
• Navigating regulatory complexities and meeting regional standards.
• Building trust and credibility with consumers.
• Educating consumers about the benefits and proper usage of supplements.
• Addressing concerns and skepticism regarding the safety and efficacy of supplements.

The report will include answers to the following key questions:

• What are the key current trends that can impact the product life cycle and return on investment?
• How do regulatory changes affect corporate, business, and functional strategies?
• Which initiatives by major players in micromarketing are likely to attract investment?
• What are the recommended frameworks and methodologies for conducting PESTLE analysis?
• In which areas are there emerging opportunities for growth and development?
• Which game-changing technologies will be instrumental in capturing new revenue streams in the near future?
• What operational and tactical frameworks are different players adopting to foster customer loyalty?
• What is the current level of market rivalry, and what is the expected degree of competition in the coming years?

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