North America Steel Roofing Market Growth, Size, Trends, Revenue, Demand and Future Outlook
North America Steel Roofing Market Size- By Application- Regional Outlook, Competitive Strategies and Segment Forecast to 2033
| Published: Nov-2023 | Report ID: COAM2344 | Pages: 1 - 153 | Formats*: |
| Category : Construction & Manufacturing | |||
North America Steel Roofing Market Introduction and Overview
According to SPER Market Research, the North America Steel Roofing Market is estimated to reach USD 5.33 billion by 2033 with a CAGR of 5.63%.
The report includes an in-depth analysis of the North America Steel Roofing Market, including market size and trends, product mix, distribution channels, and supplier analysis. Steel roofs are strong, long-lasting construction materials that save a lot of energy in final applications. Furthermore, a substantial portion of the steel used in their construction is recycled, contributing to the achievement of sustainable roofing. Steel roofing solutions are growing in popularity as more and more homeowners, architects, and designers look for stylish and cutting-edge substitutes for traditional construction. Steel roofing is dependable, lightweight, affordable, simple to install, and low maintenance.
- A study on stone-coated steel roofing by DECRA Roofing Systems, Inc. was completed by Oak Ridge National Laboratory (ORNL), a research facility for the United States Department of Energy. The research confirmed the superior thermal performance and significant energy savings of these stone-coated steel roofs.
- Reed's Metals announced its merger with Oakland Metal Buildings in August 2020. The combined company will be known as Reed's Metals, which is a testament to the staff's commitment to efficiently serving clients and communities across the Southeast United States. It is expected that the combination of Oakland Metal Buildings and Reed's Metals will result in increased sales, customer satisfaction, and operational efficiencies.
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Market Opportunities and Challenges
Opportunities: Recent technical advancements and an increase in R&D spending in the construction industry are offering profitable prospects for market players. Rising GDP and the tendency toward single-family homes in North American nations are predicted to stimulate building, which will raise demand for steel roofing. Renovation activities are predicted to increase in Canada due to the growing demand for high-tech office buildings and advanced housing systems, which will have a substantial impact on product demand. Furthermore, rising construction investment in Mexico as a result of population growth and strong economic and industrial advances is predicted to improve product demand in North America.
Challenges: The world's steel costs, which are prone to fluctuations, low thermal resistivity, and the corrosive nature of buildings are some of the issues impeding market expansion. Over the course of the projection period, it is also anticipated that the lack of innovative technology and skilled workers will limit market expansion. Steel roofing is a high-end, cost-effective roofing system. Furthermore, the steel roofing market has defined prices for various types of steel roofing. The fluctuation of raw materials will effect the installation price, product cost, and labor cost in this market. The variable cost has an impact on market dependency. All of these elements have an impact on the overall market revenue rate.
Market Competitive Landscape
The North America Steel Roofing market is extremely consolidated. Some market key players include American Buildings Co., ATAS International, Inc., BlueScope, Boral North America, CertainTeed, Coastal Metal Service, DECRA Roofing Systems, Inc., Ideal Roofing, Owens Corning, TAMKO Building Products LLC, Others.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2019-2033 |
| Base year considered | 2022 |
| Forecast period | 2023-2033 |
| Segments covered | By Equipment, By Distribution Channel, By End User |
| Regions covered | Eastern Region, Western Region, Southern Region, Northern Region |
| Companies Covered | American Buildings Co., ATAS International, Inc., BlueScope, Boral North America, CertainTeed, Coastal Metal Service, DECRA Roofing Systems, Inc., Ideal Roofing, Owens Corning, TAMKO Building Products LLC, Others. |
COVID-19 Impact on North America Steel Roofing Market
The epidemic of COVID-19 has had a tremendous influence on the North American Steel Roofing Market. Construction activities were delayed as the virus swept across the continent, resulting in delays and project cancellations. The construction industry, a major consumer of steel roofing materials, experienced a slowdown as a result of lockdowns, supply chain disruptions, and manpower shortages. Furthermore, economic uncertainty and lower consumer spending during the epidemic dampened demand for new building, impacting the steel roofing sector. Supply chain interruptions were also important, producing variations in raw material prices and influencing the overall cost structure of steel roofing systems.
Key Target Audience
- Architects and Designers
- Construction Companies and Contractors
- Real Estate Developers
- Building Owners and Managers
- Distributors and Suppliers
- Government and Regulatory Bodies
- Investors and Financial Institutions
- Homeowners and Building Owners
Our in-depth analysis of the North America Steel Roofing Market includes the following segments:
| By Application: |
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| By Region: |
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Key Topics Covered in the Report
- North America Steel Roofing Market Size (FY’2023-FY’2033)
- Overview of North America Steel Roofing Market
- Segmentation of North America Steel Roofing Market By Application (Residential, Commercial, Industrial)
- Statistical Snap of North America Steel Roofing Market
- Expansion Analysis of North America Steel Roofing Market
- Problems and Obstacles in North America Steel Roofing Market
- Competitive Landscape in the North America Steel Roofing Market
- Impact of COVID-19 and Demonetization on North America Steel Roofing Market
- Details on Current Investment in North America Steel Roofing Market
- Competitive Analysis of North America Steel Roofing Market
- Prominent Players in the North America Steel Roofing Market
- SWOT Analysis of North America Steel Roofing Market
- North America Steel Roofing Market Future Outlook and Projections (FY’2023-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report1.2. Market segment analysis
2. Research Methodology
2.1. Research data source
2.1.1. Secondary Data2.1.2. Primary Data2.1.3. SPER’s internal database2.1.4. 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. Drivers4.1.2. Restraints4.1.3. Opportunities4.1.4. Challenges
4.2. COVID-19 Impacts of the North America Steel Roofing Market
5. Market variable and outlook
5.1. SWOT Analysis
5.1.1. Strengths5.1.2. Weaknesses5.1.3. Opportunities5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape5.2.2. Economic Landscape5.2.3. Social Landscape5.2.4. Technological Landscape5.2.5. Environmental Landscape5.2.6. Legal Landscape
5.3. PORTER’s Five Forces
5.3.1. Bargaining power of suppliers5.3.2. Bargaining power of buyers5.3.3. Threat of Substitute5.3.4. Threat of new entrant5.3.5. Competitive rivalry
5.4. Heat Map Analysis
6. Competitive Landscape
6.1. North America Steel Roofing Market Manufacturing Base Distribution, Sales Area, Product Type6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in North America Steel Roofing Market
7. North America Steel Roofing Market, By Application (USD Million)
7.1. North America Steel Roofing Market Value Share and Forecast, By Application, 2023-20337.2. Residential7.3. Commercial7.4. Industrial
8. North America Steel Roofing Market Forecast, 2019-2033 (USD Million)
8.1. North America Steel Roofing Market Size and Market Share
9. North America Steel Roofing Market, By Application, 2019-2033 (USD Million)
9.1. North America Steel Roofing Market Size and Market Share By Application (2019-2026)9.2. North America Steel Roofing Market Size and Market Share By Application (2027-2033)
10. North America Steel Roofing Market, By Region, 2019-2033 (USD Million)
10.1. North America Steel Roofing Market Size and Market Share By Region (2019-2026)10.2. North America Steel Roofing Market Size and Market Share By Region (2027-2033)10.3. Eastern Region10.4. Western Region10.5. Southern Region10.6. Northern Region
11. Company Profile
11.1. American Buildings Co.
11.1.1. Company details11.1.2. Financial outlook11.1.3. Product summary11.1.4. Recent developments
11.2. ATAS International, Inc.
11.2.1. Company details11.2.2. Financial outlook11.2.3. Product summary11.2.4. Recent developments
11.3. BlueScope
11.3.1. Company details11.3.2. Financial outlook11.3.3. Product summary11.3.4. Recent developments
11.4. Boral North America
11.4.1. Company details11.4.2. Financial outlook11.4.3. Product summary11.4.4. Recent developments
11.5. CertainTeed
11.5.1. Company details11.5.2. Financial outlook11.5.3. Product summary11.5.4. Recent developments
11.6. Coastal Metal Service
11.6.1. Company details11.6.2. Financial outlook11.6.3. Product summary
11.6.4. Recent developments
11.7. DECRA Roofing Systems, Inc.
11.7.1. Company details11.7.2. Financial outlook11.7.3. Product summary11.7.4. Recent developments
11.8. Ideal Roofing
11.8.1. Company details11.8.2. Financial outlook11.8.3. Product summary11.8.4. Recent developments
11.9. Owens Corning
11.9.1. Company details11.9.2. Financial outlook11.9.3. Product summary11.9.4. Recent developments
11.10. TAMKO Building Products LLC
11.10.1. Company details11.10.2. Financial outlook11.10.3. Product summary11.10.4. Recent developments
11.11. Others
12. List of Abbreviations
13. Reference Links
14. Conclusion
15. 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.
Frequently Asked Questions About This Report
North America Steel Roofing Market is projected to reach USD 5.33 billion by 2033, growing at a CAGR of 5.63% during the forecast period.
North America Steel Roofing Market grew in market size from 2022. The Market is expected to reach USD 5.33 billion by 2033, at a CAGR of 5.63% during the forecast period.
North America Steel Roofing Market CAGR of 5.63% during the forecast period.
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North America Steel Roofing Market size is USD 5.33 billion from 2023 to 2033.
North America Steel Roofing Market Segment is covered By Equipment, By Distribution Channel, By End User.
The North America is anticipated to have the highest market share in the North America Steel Roofing Market.
The key players in the market include Companies Covered American Buildings Co., ATAS International, Inc., BlueScope, Boral North America, CertainTeed, Coastal Metal Service, DECRA Roofing Systems, Inc., Ideal Roofing, Owens Corning, TAMKO Building Products LLC, Others.
Steel roofs are strong, long-lasting construction materials that save a lot of energy in final applications. Furthermore, a substantial portion of the steel used in their construction is recycled, contributing to the achievement of sustainable roofing.
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