Industry Analysis
The roofing industry is predicted to experience growth in the 2021-2028 forecast period. According to a study by Data Bridge Market Research, the market will have a CAGR of 5.6% during this time, reaching a total of USD 55,218.38 million by 2028. This growth can be attributed to the rising number of residential and commercial buildings in the U.S. as well as an increase in the usage of cost-effective and efficient sheet roofing.
A meticulous study of the competitive landscape of the market has been given in the U.S. Roofing Market survey document along with the insights of the companies, financial status, trending developments, mergers, acquisitions and SWOT analysis. This market research will give a clear and specific idea to the readers about the overall market to take valuable decisions. The document focuses on the leading global industry players providing information such as company profiles, specifications, capacity, cost, revenue and contact information. An influential Data bridge market research report also offers comprehensive statistics on important aspects such as growth drivers, challenges and industry prospects.
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Market Insights and Scope
Roofing is an essential component of a building as it acts as the uppermost protective layer from weather conditions. The design of the roof varies based on the type of building. Roofing refers to the material used in the production of roofs and can include metal roofs, elastomers and plastic roofs, tile roofs, concrete and clay tile roofs, among others.
Due to the rising frequency of rain and snow, commercial building contractors are demanding higher quality roofing materials to lower renovation costs caused by water damage to construction materials. As rainfall patterns in North America have shown an increase each year, the demand for tiles, shingles and shakes, metal roofing, asphalt shingles, waterproofing membrane sheets, and polymers is growing in residential construction.
Additionally, the credible U.S. Roofing Market report helps the manufacturer in finding out the effectiveness of the existing channels of distribution, advertising programs, or media, selling methods and the best way of distributing the goods to the eventual consumers. Taking up such market research report is all the time beneficial for any company whether it is a small scale or large scale, for marketing of products or services. It makes effortless for Chemical and Materials industry to visualize what is already available in the market, what market anticipates, the competitive environment, and what should be done to surpass the competitor.
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Industry Segmentation and Size
U.S. roofing market is segmented into four notable segments which are based on the basis of product, type, purpose and application. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of type, the roofing market is segmented into 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 and others.
- On the basis of type, the roofing market is segmented into materials and chemicals.
- On the basis of purpose, the roofing market is segmented into sound reduction, sound absorption and others. In U.S., the sound absorption segment is dominating the market as with increasing regulation lowering of noise pollution from commercial and industrial make sound absorption segment dominating in the country.
- On the basis of application, the roofing market is segmented into residential, commercial and industrial.
Growing Number of Residential and Commercial Buildings in the U.S.
Roofing market also provides you with detailed market analysis for every country growth in industry with sales, components sales, impact of technological development in Roofing and changes in regulatory scenarios with their support for the roofing market. The data is available for historic period 2010 to 2019.
Industry Share Analysis
The major players covered in the report are
- Kingspan Group, Nucor Building Systems (A Subsidiary of Nucor), Cornerstone Building Brands, Metal Sales Manufacturing Corporation, Reed's Metals., ATAS International, Inc., DECRA Roofing Systems, Inc., Tata Steel, GAF, Malarkey Roofing and Mid-States Asphalt among other domestic and global players. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
U.S. Roofing Market Report Answers the Following Questions:
What is the current size of the U.S. roofing market?
What are the main types of roofing materials used in the U.S.?
What are the main drivers of growth in the U.S. roofing market?
What are the challenges facing the U.S. roofing industry?
Who are the major players in the U.S. roofing market and what is their market share?
What are the latest trends in the U.S. roofing market?
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