The report "Roofing Systems Market by Material (Asphalt, Metal, Plastic, Clay, Concrete), Product (Shingles & Plates, Tiles), Construction Type (New Construction & Reform Construction), End-Use Sector (Residential & Non-Residential) - Global Forecast to 2021" published by MarketsandMarkets, The market for roofing systems is projected to grow from USD 109.72 Billion in 2016 to USD 157.56 Billion by 2021, at an estimated CAGR of 3.06%.
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Browse 216 market data Tables and 57 Figures spread through 201 Pages and in-depth TOC on "Roofing Systems Market"
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This growth is due to the growing construction activities, globally. Government regulations regarding zero energy building codes and green roofing also provide an opportunity to the market to grow further, especially in the emerging Asia-Pacific and Latin American regions.
Residential sector to gain maximum traction during the forecast period
The residential sector is projected to be the fastest-growing segment by 2021. The non-residential sector comprises industrial, commercial, and other applications. New construction and remodeling are expected to increase the demand for roofing systems.
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The shingles & plates segment contributes maximum market share to the Roofing Systems Market
Shingles & plates held the largest market share because of their low cost and easy installation techniques. They are the most preferred roofing products for residential buildings, as they are durable and can last for up to 30 to 40 years. Also, growing construction projects, both residential and commercial, have driven the market in this segment. Other roofing products include tiles, sheets, and shakes.
Asia-Pacific to play a key role in the market for roofing systems
On the basis of key regions, the market for roofing systems is segmented into North America, Europe, Asia-Pacific, and RoW. The Asia-Pacific region is the most attractive market for roofing systems. Rising economy and rapid growth in the infrastructure sector in this region have significantly impacted the growth of roofing systems. This region is projected to see the highest number of new constructions and infrastructural activities in the near future.
The global market for roofing systems is dominated by large players such as:
- Compagnie de Saint Gobain SA
- Etex Group NV
- Boral Limited
- Braas Monier Building Group SA
- Owens Corning
- Carlisle Companies Incorporated
- The Siam Cement Public Company Limited
- CSR Limited
- Berkshire Hathaway, Inc.
- Atlas Roofing Corporation
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The global Roofing Systems Market research report, published by Value Market Research, is designed to offer various market framework such as market size, portion, trends, growth path, value and factors that impact the current market dynamics over the forecast period 2020-2027.
Most importantly, this report also provides the latest significant strategies adopted by major players along with their market share.The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide.
The major players in the roofing systems market include Etex Group NV, Owens Corning, Braas Monier Building Group SA, Henry, GAF, Versico, Classic, IB Roof Systems, Butler, Metal Roofing Systems, CentiMark, TSP Roof Systems, Inc.
This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.Get more information on "Global Roofing Systems Market Research Report" by requesting FREE Sample Copy at https://www.valuemarketresearch.com/contact/roofing-systems-market/download-sampleMarket DynamicsThe roofing system market is primarily dominated by rising infrastructure development.
The construction of a contemporary structure has a favorable effect on the roofing industry.A modern, appealing, and effective roof can improve the structure's overall design.
The fluctuating installation cost of roofing systems that varies according to the design and quality of the roofs is a substantial hindrance to the market growth.
More and more businesses are getting proactive about their roofing systems to ensure that they are protected from the increasing hazards of natural disasters.
That’s why you need to choose the best roofing company in Charlotte to work with.
The best roofing company should be able to handle all your needs, whether you need repairs or complete re-roofing.
