Metal Roofing Industry Statistics

Metal roofing currently has an overall market share of 11 in the re roofing segment and accounts for 5 5 of all roofing today.

Metal roofing industry statistics.

Here are eight roofing industry trends to watch for in 2020. Roofing market outlook 2027. According to the recent 2019 dodge report data commissioned by the metal roofing alliance metal roofing is the second most popular type of residential roofing in the u s. The study includes standing seam corrugated ribbed panels and specialty panels but excludes cladding and pre engineered metal buildings.

With a robust economy a strong housing market and homeowners willing to invest in better quality longer lasting products metal roofing was and is positioned to take advantage of additional growth and market adoption. 40 of new roofing opportunities occur in the non residential sector of the roofing industry. Demand originates roughly equally from residential and commercial markets with commercial including agricultural structures accounting for slightly more than half. Recovery in the commercial and industrial segments are projected to increase in roofing demand.

Trade magazine devoted to the sales and installation of metal roofing on steep slope applications such as residences office buildings etc. There are currently over 50 000 establishments engaged in the installation roofing siding and sheet metal work valued at a total of 31 4 billion. Roofing offers protection from heat rain and other atmospheric conditions. The 2017 north american metal roofing market is a 3 3 billion industry at the manufacturer factory gate level according to principia consulting s latest industry report.

Regulatory compliance is going to be the greatest challenge the roofing industry will face in the decade ahead. 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. Roofing trends in 2020. Latest mra industry research show jump in metal roofing demand for u s.

Who knows you may get an idea for updating your own home. Find industry analysis statistics trends data and forecasts on sheet metal roofing manufacturing in the us from ibisworld. 2018 was a good year for the metal roofing industry. Roofing industry statistics and trends.

Get up to speed on any industry with comprehensive intelligence that is easy to read. At the most recent ire roofing contractor magazine sponsored a state of the roofing industry report. Professional contractors asphalt shingle manufacturers and makers of other roofing products from across north america discuss topics of interest to both contractors and homeowners such as trends in the roofing industry. The roofing industry is expected to grow to 5 3 billion over the next several years.