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U.S. Roofing Market – Industry Trends and Forecast to 2031

Chemical and Materials

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U.S. Roofing Market – Industry Trends and Forecast to 2031

  • Chemical and Materials
  • Upcoming Report
  • Feb 2024
  • Country Level
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 60

U.S. Roofing Market, By Product (Bituminous Roofing, Standing Seam Roofing, Dovetail Joint Roofing, Steep Slope Roofing, Low Slope Roofing, Tiles, Shingles and Shakes, Metal Roofing, Non-Shaft Type Batten Seam Roofing, Welded Seam Roofing, Corrugated Sheet Roofing, Plain Panels, Dutch-Lap Roofing, Roof Gutter, Asphalt Shingles, Wood, Green Roofing V-Beam Roofing, Architectural Standing Systems, Asphalt Shingles, Concrete and Clay Tile Roofs, Plastic Roofs, and Others), Type (Flat Roof, Slope Roof, Materials and Chemicals), Purpose (Sound Reduction, Sound Absorption and Others), Application (Residential, Commercial and Industrial) - Industry Trends and Forecast to 2031.

 U.S. Roofing Market Analysis and Size

The roofing market finds application in the construction industry for installing protective covers over buildings to shield against weather elements such as rain, snow, and sunlight. Roofing materials, including shingles, tiles, and metal sheets, provide structural integrity and aesthetic appeal while ensuring durability and weather resistance for buildings.

Data Bridge Market Research analyses that the U.S. roofing market, which was USD 42,049.80 million in 2023, is expected to reach USD 65,024.25 million by 2031, growing at a CAGR of 5.6% during the forecast period of 2024 to 2031. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

U.S. Roofing Market Scope and Segmentation

Report Metric

Details

Forecast Period

2024 to 2031

Base Year

2023

Historic Years

2022 (Customizable to 2016-2021)

Quantitative Units

Revenue in USD Million, Volumes in Units, Pricing in USD

Segments Covered

Product (Bituminous Roofing, Standing Seam Roofing, Dovetail Joint Roofing, Steep Slope Roofing, Low Slope Roofing, Tiles, Shingles and Shakes, Metal Roofing, Non-Shaft Type Batten Seam Roofing, Welded Seam Roofing, Corrugated Sheet Roofing, Plain Panels, Dutch-Lap Roofing, Roof Gutter, Asphalt Shingles, Wood, Green Roofing, V-Beam Roofing, Architectural Standing Systems, Asphalt Shingles, Concrete and Clay Tile Roofs, Plastic Roofs, and Others), Type (Flat Roof, Slope Roof, Materials and Chemicals), Purpose (Sound Reduction, Sound Absorption and Others), Application (Residential, Commercial and Industrial)

Market Players Covered

Kingspan Group (Ireland), Nucor Building Systems (U.S.), Cornerstone Building Brands, Inc. (U.S.), Metal Sales (U.S.), Reed's Metals (U.S.), ATAS International, Inc. (U.S.), DECRA Roofing Systems, Inc. (U.S.), Tata Steel (India), GAF, Inc. (U.S.), MALARKEY ROOFING (U.S.), Mid-States Asphalt(U.S.), CK Birla Group (India), Hindalco Ind Ltd. (India), Bansal Roofing. (India), DION INCORPORATION (U.S.)

Market Opportunities

  • Increasing Demand for Environmentally Friendly Building Practices for Green Roofing
  • Digitalization and Online Sales Offer Personalized Solutions

Market Definition

Roofing is crucial for buildings, serving as their uppermost structural covering to shield against weather elements. The choice of roofing material varies based on the building type. Traditional roof styles include metal, elastomers/plastic, tile, and concrete/clay tile roofs, each offering unique benefits in terms of durability, aesthetics, and weather resistance. 

U.S. Roofing Market Dynamics

Drivers

  • Increasing Occurrence of Extreme Weather Require Weather-Resistant Materials

The increasing occurrence of extreme weather events such as hurricanes, storms, and wildfires raises awareness about the necessity for resilient roofing solutions. This drives demand for weather-resistant materials in the roofing market, as consumers seek durable options to protect their properties from damage caused by adverse weather conditions, ensuring greater safety and longevity for their buildings.

  • Stringent Building Codes for Safety

Stringent building codes mandating energy efficiency, fire safety, and environmental sustainability drive the adoption of high-quality roofing materials and systems. These regulations incentivize builders and homeowners to invest in resilient roofing solutions that offer enhanced performance and durability, ensuring compliance with safety standards and contributing to sustainable construction practices.

Opportunities

  • Growing Environmentally Friendly Building Practices for Green Roofing

The adoption of vegetative roofs and solar roofing systems improves energy efficiency and sustainability, mitigating environmental impact while enhancing urban aesthetics. These innovative solutions contribute to the overall well-being of urban environments by promoting environmental stewardship, energy conservation, and the integration of green spaces into urban landscapes.

  • Digitalization and Online Sales Offer Personalized Solutions

Digitalization and online sales channels empower roofing manufacturers and suppliers to broaden their customer reach, enhance engagement, and provide personalized solutions. This shift facilitates convenient access to roofing products and services, driving market growth and expansion by leveraging technology to streamline processes, increase efficiency, and meet evolving customer preferences in the digital era.

 Restraints/Challenges

  • Shortages of Skilled Labor Lead to Project Delays

Labor shortages in the construction industry present a significant challenge for the roofing market. The scarcity of skilled labor can lead to project delays and increased labor costs for roofing contractors. These delays can disrupt project timelines, hamper productivity, and ultimately impact profitability, posing a significant obstacle to the smooth functioning of the roofing market.

  • High Material Cost Leads to Instability in Pricing

Volatile material costs, particularly for asphalt, metal, and roofing membranes, disrupt pricing stability and erode profit margins in the roofing market. Fluctuations in raw material prices strain budget forecasts, making it challenging for roofing companies to maintain competitive pricing and profitability. These cost uncertainties complicate project planning and financial management, adding significant pressure on businesses.

This U.S. roofing market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the U.S. roofing market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays

Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions. Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.

Expected Impact of Economic Slowdown on the Pricing and Availability of Products

When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.

Recent Developments

  • In July 2023, ASI welcomed Hindalco Alupram, India's pioneer aluminum extrusion company, as a new production member. With expanded manufacturing capacity, Hindalco can support the roofing market by supplying durable and sustainable aluminum materials for roofing solutions, contributing to the industry's resilience and environmental responsibility
  • In March 2023, KPG Roofings, India's largest roof tile company, opens its 40th showroom in Hyderabad, resuming its nationwide expansion plan. Overcoming supply and logistics challenges, KPG Roofings strengthens its presence throughout South India, offering quality roof tiles to meet growing market demand
  • In January 2021, ATAS International, Inc. receives the MINNIE ROBLES NWiR World Award in 2020, enhancing its industry reputation and goodwill. This recognition reflects ATAS International's commitment to excellence and contributes to its positive standing within the roofing industry
  • In December 2020, ATAS International, Inc. launched the new Woodland Series, offering a variety of colors for exterior roofing and walls. This product launch is expected to drive revenue growth for the company, catering to diverse customer preferences and expanding its market presence in the construction industry

U.S. Roofing Market Scope

The U.S. roofing market is segmented on the basis of product, type, purpose and application. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Product

  • Bituminous Roofing
  • Standing Seam Roofing
  • Dovetail Joint Roofing
  • Steep Slope Roofing
  • Low Slope Roofing
  • Tiles
  • Shingles and Shakes
  • Metal Roofing
  • Non-Shaft Type Batten Seam Roofing
  • Welded Seam Roofing
  • Corrugated Sheet Roofing
  • Plain Panels
  • Dutch-Lap Roofing
  • Roof Gutter
  • Asphalt Shingles
  • Wood​​​​​​​
  • Green Roofd
  • V-Beam Roofing
  • Architectural Standing Systems
  • Asphalt Shingles
  • Concrete and Clay Tile Roofs
  • Plastic Roofs
  • Others

Type

  • Materials
  • Chemicals
  • Flat Roof
  • Slope Roof

 Purpose

  • Sound Reduction
  • Sound Absorption
  • Others

 Application

  • Residential
  • Commercial
  • Industrial

U.S. Roofing Market Regional Analysis/Insights

The U.S. roofing market is analysed and market size insights and trends are provided by product, type, purpose, and application as referenced above.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and U.S. Roofing Market Share Analysis

The U.S. roofing market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to U.S. roofing market.

Some of the major players operating in the U.S. roofing market are:

  • Kingspan Group (Ireland)
  • Nucor Building Systems (U.S.)
  • Cornerstone Building Brands, Inc. (U.S.)
  • Metal Sales (U.S.)
  • Reed's Metals (U.S.)
  • ATAS International, Inc. (U.S.)
  • DECRA Roofing Systems, Inc. (U.S.)
  • Tata Steel (India)
  • GAF, Inc. (U.S.)
  • MALARKEY ROOFING (U.S.)
  • Mid-States Asphalt (U.S.)
  • CK Birla Group (India)
  • Hindalco Ind Ltd. (India)
  • Bansal Roofing. (India)
  • DION INCORPORATION (U.S.)


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FREQUENTLY ASK QUESTIONS

The U.S. roofing market size will be worth USD 65,024.25 million by 2031.
The growth rate of the U.S. roofing market is 5.6% in the forecast period by 2031.
The increasing occurrence of extreme weather requires weather-resistant materials & stringent building codes for safety are the growth drivers of the U.S. roofing market.
Product, type, purpose and application are the factors on which the U.S. roofing market research is based.
Major companies in the U.S. roofing market are Kingspan Group (Ireland), Nucor Building Systems (U.S.), Cornerstone Building Brands, Inc. (U.S.), Metal Sales (U.S.), Reed's Metals (U.S.), ATAS International, Inc. (U.S.), DECRA Roofing Systems, Inc. (U.S.), Tata Steel (India), GAF, Inc. (U.S.), MALARKEY ROOFING (U.S.), Mid-States Asphalt(U.S.), CK Birla Group (India), Hindalco Ind Ltd. (India), Bansal Roofing. (India), DION INCORPORATION (U.S.).
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