This research report presents a detailed segmentation of the global roofing market by product type (bituminous, metal, and tile) and by end-users (commercial, residential, and retrofit/renovation). It outlines the market shares for key regions such as the Americas, APAC, and EMEA. The key vendors analyzed in this report include Braas Monier, Etex, Owens Corning, Saint-Gobain, and Wienerberger.
Technavio’s market research analysts estimate the global roofing market to grow at a CAGR of around 7% between 2016 and 2020. The growing investments in real estate is a key growth factor for this market. The development of new commercial buildings especially, hotels and shopping malls has created a demand for improved roofing products. APAC is expected to be the fastest-growing region, thanks to massive spending in the buildings construction sector and the rising demand for energy efficient roofing in the buildings.
The new market research report from Technavio provides a breakdown and analysis of the roofing segments by technology.
“One of the interesting trend gaining prominence in the market is the growing demand for green roofing. Rising concerns over carbon footprints in buildings has propelled the demand for sustainable buildings especially, in US, Europe and India. Green roofing basically comprises vegetation that is planted over the building, and enables in energy saving, absorbs rainwater, and acts as an insulator by absorbing heat,” says Soumya Mutsuddi, Lead Analyst, Heavy Industry, Technavio Research
Bituminous roofing accounted for around 36% of the market share during 2015. The waterproofing and high reflective properties of this roofing material have made it a popular choice among residential builders and homeowners. They are also available in numerous designs and colors, and can fit any building. The report predicts the bituminous roofing segment to reach a market value of around USD 43 billion by the end of 2020.
The leading vendors in the global roofing market include Braas Monier, Etex, Owens Corning, Saint-Gobain, and Wienerberger. This market is highly fragmented and competitive. The market is dominated by large global vendors who have a vast geographical presence with huge production facilities located worldwide. Roofing manufacturers are focusing on solar and TPO roofing products due to their energy-efficient properties, thereby intensifying the competition in the market.
A more detailed analysis is available in the Technavio report, Global Roofing Market 2016-2020.
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