North America Roofing Materials Market Introduction and Overview
According to SPER Market Research, the North America Roofing Materials Market is estimated to reach USD 59.62 billion by 2033 with a CAGR of 5.7%.
The report includes an in-depth analysis of the North America Roofing Materials Market, including market size and trends, product mix, distribution channels, and supplier analysis. The outer surfaces of residential, commercial, and industrial buildings are covered in roofing materials such as bituminous, concrete, and clay tiles, as well as metals, elastomers, and plastics. The structure benefits from roofing materials in a number of ways, such as waterproofing, temperature control, and aesthetic appeal. Homeowners are spending more on remodeling and refurbishing projects because loans are more easily obtained, disposable incomes are growing, and prices are more reasonable.
Market Opportunities and Challenges
Opportunities:- There are several opportunities in the North American roofing materials industry, which is driven by various causes. First off, there is a steady need for roofing materials due to the region's thriving construction sector, which is supported by initiatives to expand the region's infrastructure, urbanization, and population expansion. In addition, the market for environmentally friendly roofing materials like solar tiles, green roofs, and recycled materials is rising as more people become aware of and use sustainable building methods. Technological developments in roofing materials have also given producers the chance to innovate and produce goods that are competitive, thanks to improvements in durability, energy efficiency, and ease of installation.
Challenges:- Increased Roofing Material Costs Will Control Market Expansion. Tired roofs require a significant financial, time, and energy expenditure to be resurfaced. The quality of a product may be impacted by climate. For instance, some materials readily break down in extended freeze-thaw cycles yet are not able to tolerate high temperatures or UV exposure from the sun. When constructed in subzero temperatures, bituminous shingles may become weaker. They are more prone to wind lifting and can break easily at different temperatures because they are not as high-quality as other materials. Compared to other materials, metal roofing usually has a greater initial cost.
Market Competitive Landscape
The Roofing Materials market in Africa and the North America is fairly fragmented. Some of the market companies are Owens Corning, CertainTeed Corporation, Atlas Roofing Materials Corporation, Johns Manville, Braas Monier Building Group, IKO Industries Ltd, TAMKO Building Products LLC, GAF Materials Corporation, Carlisle Companies Inc, Others.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2020-2033 |
| Base year considered | 2023 |
| Forecast period | 2024-2033 |
| Segments covered | By Construction, By Materials, By Application
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| Regions covered | Eastern Region, Western Region, Northern Region, Southern Region
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| Companies Covered | Owens Corning, CertainTeed Corporation, Atlas Roofing Materials Corporation, Johns Manville, Braas Monier Building Group, IKO Industries Ltd, TAMKO Building Products LLC, GAF Materials Corporation, Carlisle Companies Inc, Others.
|
COVID-19 Impact on North America Roofing Materials Market
Disruptions to the Supply Chain During the pandemic, market progress was impeded.
The lockdown measures put in place by different countries and the worldwide epidemic significantly disrupted the supply chain for building supplies. Companies also experienced severe losses as a result of a shortage of trained and unskilled workers. In addition, the restrictions on travel imposed during the lockdown caused logistical problems that made it challenging to get raw materials for manufacture. The hands-on nature of roofing necessitates intimate contact between workers, therefore social distance norms established by different governments presented extra difficulties. In order to protect their workers, contractors in the roofing industry were required to implement extra safety measures and adhere to COVID-19 guidelines.
Key Target Audience:
- Architects
- Contractors
- Builders
- Developers
- Roofing Material Manufacturers
- Distributors
- Suppliers
- Investors
Our in-depth analysis of the North America Roofing Materials Market includes the following segments:
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By Construction: |
New Construction
Reroofing
|
|
By Material: |
Bituminous
Concrete & Clay Tiles
Metal
Elastomer
Plastics
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By Application: |
Residential
Non-residential
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Key Topics Covered in the Report:
- North America Roofing Materials Market Size (FY’2024-FY’2033)
- Overview of North America Roofing Materials Market
- Segmentation of North America Roofing Materials Market By Construction (New Construction, Reroofin)
- Segmentation of North America Roofing Materials Market By Material (Bituminous, Concrete & Clay Tiles, Metal, Elastomer, Plastics)
- Segmentation of North America Roofing Materials Market By Application (Residential, Non-residential)
- Expansion Analysis of North America Roofing Materials Market
- Problems and Obstacles in North America Roofing Materials Market
- Competitive Landscape in the North America Roofing Materials Market
- Impact of COVID-19 and Demonetization on North America Roofing Materials Market
- Details on Current Investment in North America Roofing Materials Market
- Competitive Analysis of North America Roofing Materials Market
- Prominent Players in the North America Roofing Materials Market
- SWOT Analysis of North America Roofing Materials Market
- North America Roofing Materials Market Future Outlook and Projections (FY’2024-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report
1.2. Market segment analysis
2. Research Methodology
2.1. Research data source
2.1.1. Secondary Data
2.1.2. Primary Data
2.1.3. SPER’s internal database
2.1.4. Premium insight from KOL’s
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1. Drivers
4.1.2. Restraints
4.1.3. Opportunities
4.1.4. Challenges
4.2. COVID-19 Impacts of the North America Roofing Materials Market
5. Market variable and outlook
5.1. SWOT Analysis
5.1.1. Strengths
5.1.2. Weaknesses
5.1.3. Opportunities
5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape
5.2.2. Economic Landscape
5.2.3. Social Landscape
5.2.4. Technological Landscape
5.2.5. Environmental Landscape
5.2.6. Legal Landscape
5.3. PORTER’s Five Forces
5.3.1. Bargaining power of suppliers
5.3.2. Bargaining power of buyers
5.3.3. Threat of Substitute
5.3.4. Threat of new entrant
5.3.5. Competitive rivalry
5.4. Heat Map Analysis
6. Competitive Landscape
6.1. North America Roofing Materials Market Manufacturing Base Distribution, Sales Area, Product Type
6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in North America Roofing Materials Market
7. North America Roofing Materials Market, By Construction (USD Million)
7.1. North America Roofing Materials Market Value Share and Forecast, By Construction, 2024-2033
7.2. New Construction
7.3. Reroofing
8. North America Roofing Materials Market, By Material (USD Million)
8.1. North America Roofing Materials Market Value Share and Forecast, By Material, 2024-2033
8.2. Bituminous
8.3. Concrete & Clay Tiles
8.4. Metal
8.5. Elastomer
8.6. Plastics
9. North America Roofing Materials Market, By Application (USD Million)
9.1. North America Roofing Materials Market Value Share and Forecast, By Application, 2024-2033
9.2. Residential
9.3. Non-residential
10. North America Roofing Materials Market Forecast, 2020-2033 (USD Million)
10.1. North America Roofing Materials Market Size and Market Share
11. North America Roofing Materials Market, By Construction, 2020-2033 (USD Million)
11.1. North America Roofing Materials Market Size and Market Share By Construction (2020-2026)
11.2. North America Roofing Materials Market Size and Market Share By Construction (2027-2033)
12. North America Roofing Materials Market, By Material, 2020-2033 (USD Million)
12.1. North America Roofing Materials Market Size and Market Share By Material (2020-2026)
12.2. North America Roofing Materials Market Size and Market Share By Material (2027-2033)
13. North America Roofing Materials Market, By Application, 2020-2033 (USD Million)
13.1. North America Roofing Materials Market Size and Market Share By Application (2020-2026)
13.2. North America Roofing Materials Market Size and Market Share By Application (2027-2033)
14. North America Roofing Materials Market, By Region, 2020-2033 (USD Million)
14.1. North America Roofing Materials Market Size and Market Share By Region (2020-2026)
14.2. North America Roofing Materials Market Size and Market Share By Region (2027-2033)
14.3. Eastern Region
14.4. Western Region
14.5. Northern Region
14.6. Southern Region
15. Company Profile
15.1. Owens Corning
15.1.1. Company details
15.1.2. Financial outlook
15.1.3. Product summary
15.1.4. Recent developments
15.2. CertainTeed Corporation
15.2.1. Company details
15.2.2. Financial outlook
15.2.3. Product summary
15.2.4. Recent developments
15.3. Atlas Roofing Materials Corporation
15.3.1. Company details
15.3.2. Financial outlook
15.3.3. Product summary
15.3.4. Recent developments
15.4. Johns Manville
15.4.1. Company details
15.4.2. Financial outlook
15.4.3. Product summary
15.4.4. Recent developments
15.5. Braas Monier Building Group
15.5.1. Company details
15.5.2. Financial outlook
15.5.3. Product summary
15.5.4. Recent developments
15.6. IKO Industries Ltd
15.6.1. Company details
15.6.2. Financial outlook
15.6.3. Product summary
15.6.4. Recent developments
15.7. TAMKO Building Products LLC
15.7.1. Company details
15.7.2. Financial outlook
15.7.3. Product summary
15.7.4. Recent developments
15.8. GAF Materials Corporation
15.8.1. Company details
15.8.2. Financial outlook
15.8.3. Product summary
15.8.4. Recent developments
15.9. Carlisle Companies Inc
15.9.1. Company details
15.9.2. Financial outlook
15.9.3. Product summary
15.9.4. Recent developments
15.10. Others
16. List of Abbreviations
17. Reference Links
18. Conclusion
19. Research Scope
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
