U.S. Markets close in 2 hrs 49 mins

North America Roofing Market to Reach $47.51 Bn, by 2025 at 5.9% CAGR: AMR

Surge in residential & non-residential construction, increase in spending on home remodeling, and climate change propel the growth of the North America roofing market

PORTLAND, Oregon, June 12, 2019 /PRNewswire/ -- Allied Market Research recently published a report, titled, North America Roofing Market Forecast by Type (Shingle Roofing, Tile Roofing, Engineered Solution Roofing, Paneled Roofing, and Structural Concrete Roofing), Material Type (Metal, Wood, Clay and Slate, Asphalt, Concrete, and Membrane), Roof Type (Flat Roof and Slope Roof), and Application (Residential, Commercial, and Industrial): Opportunity Analysis and Industry Forecast, 2018-2025. The research offers a detailed analysis on changing market dynamics, key investment pockets, major segments, and market competition. According to the report, the North America roofing market generated $29.86 billion in 2017, and is expected to reach $47.51 billion by 2025, growing at a CAGR of 5.9% from 2018 to 2025.

Allied Market Research Logo

Factors such as new construction, renovation, and retrofitting activities for buildings as well as infrastructure, rise in expenditure on home remodeling, and rise in damaging weather conditions in the country boost the growth of the North America roofing market. However, shortage of adequate manpower, ignorance about the long-term benefits of roofing systems, and rise in roofing material costs are major challenges faced by the industry. Conversely, technological advancements and government investments in building infrastructure sector create new opportunities for growth of the market.

Request Sample Report at: https://www.alliedmarketresearch.com/request-sample/5279

Membrane segment to be through 2025

Based on material types, the membrane segment was the largest in 2017, capturing two-fifths of the market share and would maintain its dominance through 2025. This is because roofing membrane has become one of the most ubiquitous materials for use in residential and commercial constructions due to its ease of installation and favorable performance properties. However, the metal segment would grow at the fastest CAGR of 6.9% through 2025, owing to its characteristics, such as low maintenance, outstanding warranty up to 50 years, durability, and long-lasting performance.

Residential segment to be prolific through 2025

Among applications, the residential segment accounted for three-fifths of the total market share in 2017 and would retain its dominance through 2025. The segment is also likely to witness the fastest CAGR of 6.4% during the forecast period. Rise in demand for residential buildings and increase in consumer expenditure on home improvement and remodeling are expected to drive the segment. In addition, increased investments in the real estate sector in the U.S. and Canada over the last few years, growth in popularity of eco-friendly roofing technologies, and natural calamities such as heavy storms propel the market.

For Purchase Enquiry: https://www.alliedmarketresearch.com/purchase-enquiry/5279

U.S. to be lucrative through 2025

The U.S. market is expected to achieve the fastest growth of 6% during the study period. The market also generated 90% of the market share in 2017 and is expected to maintain this trend through 2025. This is due to large investments and spending on residential as well as non-residential construction projects in the region.

Industry Frontrunners

The report provides an analysis of the leading players operating in the North America roofing market. They include Beacon Roofing Supply, Inc., Berkshire Hathway, Bridgestone Americas, Carlisle Companies Incorporated, CertainTeed (Saint Gobain), FiberTite (Seaman Corporation), GAF Materials Corporation, IKO Industries, Owens Corning, and Sika Group.

Access KNOWLEDGE TREE (Premium on-demand, subscription-based pricing model) at: https://www.alliedmarketresearch.com/knowledgetree

Knowledge tree is a cloud-based intelligence platform that offers more than 2,000 selective, off-the-shelf reports on niche markets to enable our clients gain deep insights on the latest trends, dynamic technologies, and emerging application areas.

Similar Reports:

Global Self-healing Concrete Market Expected to Reach $1,375,088.0 Thousand by 2025

Global Roofing Market is Expected to Reach $101,483 Million, by 2022

About Us

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

Contact:
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
USA/Canada (Toll Free):
+1-800-792-5285, +1-503-894-6022, +1-503-446-1141
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975
help@alliedmarketresearch.com  

Web: https://www.alliedmarketresearch.com

 

Cision

View original content:http://www.prnewswire.com/news-releases/north-america-roofing-market-to-reach-47-51-bn-by-2025-at-5-9-cagr-amr-300866278.html