Metal Roofing Industry Trends

Metal roofing market will reach an estimated valuation of usd 23 90 billion by 2027 while registering this growth at a rate of 5 20 for the forecast period of 2020 to 2027.

Metal roofing industry trends.

2019 state of the industry report posted january 02 2019 2018 was a good year for the metal roofing industry. Fw dodge market share data indicates metal residential re roofing accounted for 13 of the total residential re roofing market in the united states making it the second most preferred roofing material. Metal roofing market report analyses the growth which is currently being growing due to increasing demand of fully recyclable materials. The roofing industry is expected to grow to 5 3 billion over the next several years.

While these colors will never lose popularity. Roofing industry statistics and trends. The global metal roofing market is segmented on the basis of type application and geography. The demand for synthetic roofing materials is one of the biggest trends our associates see.

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. In addition technological innovations such as green roofing eco friendly roofing materials and drones for roof inspections have increased the demand for roofing products. The global metal roofing market is estimated to be us xx x mn in 2019 and is projected to increase significantly at a cagr of x x from 2020 to 2028. 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.

While it has been around for a while metal roofing may have something of a rebirth in 2020. Rise in construction industry rapid urbanization and innovations in technology are the key factors that drive the growth of the roofing market. Gone are the days of the dark gray and black shingles. In denver an ordinance went into.

Green roofs are also gaining momentum throughout the country. Recovery in the commercial and industrial segments are projected to increase in roofing demand.