Roofing Market – United States

Market Statistics

Market Size in 2023: USD 22.1 Billion

Market Forecast in 2032: USD 32.05 Billion

Market Growth Rate: 4.20% (2024-2032)

The United States roofing market is experiencing steady growth, driven by factors such as new construction, re-roofing projects, and increasing focus on energy efficiency. This expansion offers substantial opportunities for industry players. According to the latest report by IMARC Group, the market size reached USD 22.1 Billion in ​2023​. Looking forward, IMARC Group expects the market to reach USD 32.05 Billion by ​2032​, exhibiting a growth rate (CAGR) of 4.20% during ​2024-2032.

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United States Roofing Industry Trends and Drivers:

The growth of the United States roofing market is being driven by multiple key factors, with significant contributions from new construction activities, renovation projects, and technological innovations.

Key Drivers of Market Growth

• Increase in New Construction and Renovation Projects:

• • Urban expansion and a growing population in metropolitan areas like New York, Los Angeles, and Chicago are fueling the demand for both residential and commercial roofing solutions.

• Government Initiatives Promoting Energy Efficiency:

• • Government programs aimed at encouraging sustainable building practices are boosting the adoption of eco-friendly roofing materials, including cool roofs and green roofs.

Technological Advancements and Innovations

• Development of Advanced Roofing Materials:

• • Manufacturers are focusing on creating durable, lightweight, and weather-resistant materials to cater to the diverse climate conditions across the United States.

• Emergence of Solar-Integrated Roofing Systems:

• • Innovations like solar-integrated roofing are gaining popularity, offering homeowners and businesses an opportunity to reduce energy costs and contribute to environmental sustainability.

Shifts in Consumer Preferences

• Demand for Durable and Low Maintenance Roofing:

• • There is a growing preference for roofing products that offer long-term durability and require minimal maintenance, driving the popularity of metal roofs, synthetic materials, and other high-performance options.

• Influence of Insurance Companies:

• • In areas prone to extreme weather, such as hurricanes and hailstorms, insurance companies are emphasizing damage-resistant roofing, increasing demand for more robust roofing solutions.

Impact of the COVID-19 Pandemic

• Rise in Home Improvement Projects:

• • The pandemic has led to an increase in home improvement projects as people spend more time at home, spurring investments in residential roofing upgrades and replacements.

• Favorable Lending Conditions:

• • Low-interest rates and favorable lending conditions have further boosted investments in the residential roofing segment.

Commercial Segment Growth

• Demand for Warehouse and Distribution Facilities:

• • The rise of e-commerce has led to increased demand for commercial roofing solutions, particularly for warehouses and distribution centers.

• Accommodation for Rooftop Installations:

• • There is a growing need for roofing solutions that can support the installation of solar panels and HVAC systems, which are becoming standard in modern commercial developments.

Market Outlook

• Sustained Growth Expected:
  • The United States roofing market is poised for continued growth, driven by urban expansion, technological innovation, and evolving consumer preferences toward sustainable and durable roofing solutions.

United States Roofing Market Forecast & Segmentation:

The report has segmented the market into the following categories:

Breakup by Type:

• Asphalt Shingles
• Metal
• Tiles
• Wood Shingles
• Others

Breakup by Roof Type:

• Flat Roof
• Slope Roof

Breakup by Application:

• Residential
• Non-Residential

Breakup by Region:

• Northeast
• Midwest
• South
• West

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players.

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Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players.

Key highlights of the Report:

• Market Performance (2018-2023)
• Market Outlook (2024-2032)
• COVID-19 Impact on the Market
• Porter’s Five Forces Analysis
• Strategic Recommendations
• Historical, Current and Future Market Trends
• Market Drivers and Success Factors
• SWOT Analysis
• Structure of the Market
• Value Chain Analysis
• Comprehensive Mapping of the Competitive Landscape

Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

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About Us:

IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.

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