Residential Roofing Market Size

Increasing investments in the renovation and redevelopment of residential and commercial buildings are expected to drive the market growth.

Residential roofing market size.

The growth of the global roofing market is driven by increasing demand for roofing materials from residential commercial and non residential sectors in the emerging economies and ongoing repairing and remodeling works in developed countries. The global roofing market size was valued at 92 942 3 million in 2019 and is projected to reach 132 775 6 million by 2027 registering a cagr of 4 6 from 2020 to 2027. Residential roofing market global industry analysis size share growth trends and forecast 2013 2019. Residential roofing industry market report 2020 global industry size segment by key companies types applications and forecast to 2025 by market study report date.

Residential roofing market size is segmented by product into bituminous metal tile. Others including fiber cement plastic etc the market size is segmented by type into asphalt shingles roofing metal roofing elastomeric roofing built up roofing modified bitumen roofing and others. The global roofing materials market size was estimated at usd 119 7 billion in 2019 and is expected to register a cagr of 3 0 over the forecast period. 3 4 market size estimation 22 3 5 forecast model 23 4 market dynamics 950 00.

Based on residential construction the global market is. Global roofing market expected to attain a value of usd 1 39 057 0 million expected to register a 3 55 cagr by 2023. Aging housing stock offers growth prospects for residential roofing professionals. The north america roofing market size was 29 864 4 million in 2017 and is projected to reach 47 517 8 million in 2025 growing at a cagr of 5 9.

131 pages the global roofing market is projected to reach usd 270 40 billion by 2026 at a cagr of 4 9 from 2016 to 2026. Us demand for residential roofing products is expected to grow 1 4 per year to 173 91 million squares in 2022.