North American Roofing Market Projected to Grow to Nearly $48 Billion by 2025

By Karen L. Edwards, RCS Editor.

New market forecasts the continued growth with flat roofing holding a greater share.

The North American Roofing Market forecast by roof type and application was released last month by Allied Market Research.  The report states that the North American Roofing market size was $29,864.4 million in 2017 and is forecast to grow to $47,517.8 million in 2025.

The research seems to support feedback that we heard while attending the recent Western Roofing Expo in Las Vegas. Contractors that we spoke to during our contractor panels and on the show floor in our expo hall booth all seemed to echo the statement that it is ‘a great time to be in roofing.’

Growth will be caused by several factors including new construction, renovations and retrofitting and the investment being made into infrastructure. They also cited the fact that manufacturers and suppliers are strengthening their market presence through acquisitions and expansions. We’ve seen that happening with the 2018 Beacon acquisition of Allied Building Products, along with two other suppliers. This was also evidenced with the acquisition of DECRA (Roof Tile Group) by IKO and DaVinci by Royal Building Products

The report notes that the steady increase in both residential and commercial construction is a result of increased investments in the real estate sectors with residential housing complexes in higher demand. Technological advances are also lending to the growth with individuals wanting weather-resistant, longer-lasting and more energy efficient roofing solutions.

Growth in the market over the last year can also be tied to the increase in severe weather incidents that are leading to repairs and replacements. The U.S. faced record snows, storms and flooding this winter, and the spring brought violent storms to the southern and eastern parts of the country. If the harsh weather patterns become more common, they will drive the market due to the inevitable resulting damage to roofs.

The report breaks down the market by category and by roof type. It can be purchased for single or multiple users and sample pages may be requested before purchasing.  

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