Asphalt Shingles Market was valued at US$ 6.61 Bn. in 2023 and is expected to reach US$ 7.92 Bn. by 2030, at a CAGR of 2.6% during the forecast period. Asphalt shingles have been utilized as a roofing material in construction projects globally. The asphalt shingles are used to protect roof or slope roping from wind damages, algae and fire. It keeps homes cool, reduce the need for air conditions as in summer it reflect heat waves effectively. The adoption of these asphalt shingles is most in hurricane prone regions as they are more economical than metal and tile. Government stringent building codes and standards have led to increasing demands for the asphalt shingle market. A comprehensive market evaluation is included in the report. It does so by verifiable forecasts of in-depth qualitative viewpoints, historical facts, and market size. The predictions featured in the study have been derived using established research methodologies and assumptions. The research report therefore serves as a repository of analysis and knowledge on all aspects of the market, including regional markets, technologies, styles and applications.To know about the Research Methodology :- Request Free Sample Report
Asphalt Shingles market Dynamics
Rising demand for advanced roofing systems The globalization and consumers rising disposable income has led to increasing demand for high quality of products. The asphalt shingles has the properties such as waterproofing and durability which has motivated many engineers, architecture and Residential Sectorial contractor for the adoption of asphalt shingles. To improve the aesthetics in commercial and residential building is the new trend driving the market growth. Government stringent regulation for environment sustainability and fluctuation in raw material prices Environmental sustainability and alleviated cost of raw materials may restrain the market growth. Other factors such as water management and carbon dioxide emissions during constructions & building projects is the major challenge for construction industry. Slowdown in construction projects may reduce the demand for asphalts shingles products. Supportive government initiatives to develop megacities The government supportive policies for the development of smart cities have create many lucrative opportunities for the global asphalt shingles manufactures. Rising construction activities ranging from universities, libraries, schools and museums have boost the asphalt shingles products. Increasing FDI investment in building and construction industry have made a positive impact on the market growth.Asphalt shingles Market Segments Analysis
By Type, Three-tab shingles are a traditional form of asphalt roofing characterized by their flat, uniform design. Comprising a single layer of asphalt-coated fiberglass or organic material, these shingles are valued for their cost-effectiveness and ease of installation. Three-tab shingles have held a significant market share due to their affordability and widespread use in residential roofing. They were the go-to option for many homeowners seeking a budget-friendly solution. However, their market share has been gradually declining as consumers increasingly favor more durable and aesthetically appealing alternatives, such as architectural shingles. While three-tab shingles remain popular for their low upfront cost, they offer limited durability and lower resistance to harsh weather conditions compared to newer products. This shift in consumer preference is driven by a growing desire for roofing materials that provide better longevity, energy efficiency, and enhanced curb appeal. As a result, the market for three-tab shingles is contracting, reflecting a broader trend toward investing in higher-quality roofing solutions that offer greater value over time.Asphalt Shingles Market Regional Insights:
North America accounting for xx% market share in 2023, of the global market. The Asphalt Roofing Manufacturers Association (ARMA) of the asphalt roofing industry have conducted various programs and training in US for adoption of asphalt shingles on roofing. The global climatic changes has led to increasing hurricanes for instance in 2022 season yielded 18 named storms, six of which became hurricane. In US, the growth is attributed to substitute for fiberglass asphalt as a three-tab shingles and non-compliant Asia pacific are forecasted to be the fastest growing segment during the forecast period (2024-2030). The Asia pacific are estimated to grow at a CAGR of xx%. The growth is mainly attributable to rapid pace in urbanization and renovations of airports, SEZs and IT parts in countries like India, China and Indonesia is expected to drive the market growth. Government supportive policies and increasing FDI investment in Residential Sector industry have made a positive impact on the market growth. The objective of the report is to present a comprehensive analysis of the Global Asphalt Shingles market including all the stakeholders of the industry. The past and current status of the industry with forecast market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers, and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analysed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding Global Asphalt Shingles market dynamics, structure by analyzing the market segments and project Global Asphalt Shingles market Clear representation of competitive analysis of key players by price, financial position, By Detection and equipment portfolio, growth strategies, and regional presence in the Global Asphalt Shingles market make the report investor’s guide.Asphalt Shingles Market Scope: Inquiry Before Buying
Asphalt Shingles Market Report Coverage Details Base Year: 2023 Forecast Period: 2024-2030 Historical Data: 2018 to 2023 Market Size in 2023: US $ 6.61 Bn. Forecast Period 2024 to 2030 CAGR: 2.6% Market Size in 2030: US $ 7.92 Bn. Segments Covered: by Type Three-tab shingles Architectural shingles specialty shingles by Material Fiberglass Organic by Application Residential Commercial Asphalt shingles Market Key Players
1. GAF Materials Corporation 2. CertainTeed Corporation 3. Arkansas Farm Bureau 4. Owens Corning 5. IKO Industries Ltd 6. Atlas Roofing Corporation 7. TAMKO Building Products, Inc. 8. Malarkey Roofing Products 9. BP Canada 10. PABCO Roofing Products 11. Henry Company 12. Owens Corning Roofing and Asphalt, LLC 13. Groupe Boralex, Inc. 14. Other Key PlayersFrequently Asked Questions:
1. Which region has the largest share in Market? Ans: Asia Pacific region held the highest share in 2023. 2. What is the growth rate of Market? Ans: The Global Asphalt Shingles Market is growing at a CAGR of 2.6% during the forecasting period 2024-2030. 3. What is scope of the market report? Ans: Global Asphalt Shingles Market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period. 4. What is the study period of this market? Ans: The Global Asphalt Shingles Market is studied from 2023 to 2030.
1. Asphalt shingles Market: Research Methodology 2. Asphalt shingles Market Introduction 2.1 Study Assumption and Market Definition 2.2 Scope of the Study 2.3 Executive Summary 3. Global Asphalt shingles Market: Competitive Landscape 3.1 MMR Competition Matrix 3.2 Competitive Landscape 3.3 Key Players Benchmarking 3.3.1 Company Name 3.3.2 Product Segment 3.3.3 Application Segment 3.3.4 Revenue (2023) 3.3.5 Manufacturing Locations 3.4 Market Structure 3.4.1 Market Leaders 3.4.2 Market Followers 3.4.3 Emerging Players 3.5 Mergers and Acquisitions Details 4. Asphalt shingles Market: Dynamics 4.1 Asphalt shingles Market Trends 4.2 Asphalt shingles Market Dynamics 4.2.1 Drivers 4.2.2 Restraints 4.2.3 Opportunities 4.2.4 Challenges 4.3 PORTER’s Five Forces Analysis 4.3.1 Bargaining Power of Suppliers 4.3.2 Bargaining Power of Buyers 4.3.3 Threat Of New Entrants 4.3.4 Threat Of Substitutes 4.3.5 Intensity Of Rivalry 4.4 PESTLE Analysis 4.5 Value Chain Analysis 4.6 Regulatory Landscape by Region 4.6.1 North America 4.6.2 Europe 4.6.3 Asia Pacific 4.6.4 Middle East and Africa 4.6.5 South America 4.7 Technological Road Map 4.7.1 Innovations in Asphalt Shingles Manufacturing 4.7.2 Use of Recycled Materials in Shingles Production 4.7.3 Role of E-commerce and Digital Platforms in Market Growth 4.7.4 Others 4.8 The Global Import-Export Analysis of Asphalt shingles 5. Analysis of Consumer Behavior and Market Demand 5.1 Homeownership Trends, Urban vs. Rural Preferences 5.2 Frequency of Purchase and Decision-Making Factors 5.3 Others 6. Regulatory Environment And Compliance 6.1 Detailed Analysis Of Regulations On The Industry 6.2 Analysis Of Government Schemes, Initiatives, And Investments In The Industry 6.3 Subsidies and Incentives for Sustainable Roofing Materials 7. Global Asphalt shingles Market: Global Market Size and Forecast by Segmentation (Value) (2023-2030) 7.1 Global Asphalt shingles Market Size and Forecast, By Type (2023-2030) 7.1.1 Three-tab shingles 7.1.2 Architectural shingles 7.1.3 specialty shingles 7.2 Global Asphalt shingles Market Size and Forecast, By Material (2023-2030) 7.2.1 Fiberglass 7.2.2 Organic 7.3 Global Asphalt shingles Market Size and Forecast, By Application (2023-2030) 7.3.1 Residential 7.3.2 Commercial 7.4 Global Asphalt shingles Market Size and Forecast, by Region (2023-2030) 7.4.1 North America 7.4.2 Europe 7.4.3 Asia Pacific 7.4.4 Middle East and Africa 7.4.5 South America 8. North America Asphalt shingles Market Size and Forecast by Segmentation (Value) (2023-2030) 8.1 North America Asphalt shingles Market Size and Forecast, By Type (2023-2030) 8.1.1 Three-tab shingles 8.1.2 Architectural shingles 8.1.3 specialty shingles 8.2 North America Asphalt shingles Market Size and Forecast, By Material (2023-2030) 8.2.1 Fiberglass 8.2.2 Organic 8.3 North America Asphalt shingles Market Size and Forecast, By Application (2023-2030) 8.3.1 Residential 8.3.2 Commercial 8.4 North America Asphalt shingles Market Size and Forecast, by Country (2023-2030) 8.4.1 United States 8.4.1.1 United States Asphalt shingles Market Size and Forecast, By Type (2023-2030) 8.4.1.1.1 Three-tab shingles 8.4.1.1.2 Architectural shingles 8.4.1.1.3 specialty shingles 8.4.1.2 United States Asphalt shingles Market Size and Forecast, By Material (2023-2030) 8.4.1.2.1 Fiberglass 8.4.1.2.2 Organic 8.4.1.3 United States Asphalt shingles Market Size and Forecast, By Application (2023-2030) 8.4.1.3.1 Residential 8.4.1.3.2 Commercial 8.4.2 Canada 8.4.2.1 Canada Asphalt shingles Market Size and Forecast, By Type (2023-2030) 8.4.2.1.1 Three-tab shingles 8.4.2.1.2 Architectural shingles 8.4.2.1.3 specialty shingles 8.4.2.2 Canada Asphalt shingles Market Size and Forecast, By Material (2023-2030) 8.4.2.2.1 Fiberglass 8.4.2.2.2 Organic 8.4.2.3 Canada Asphalt shingles Market Size and Forecast, By Application (2023-2030) 8.4.2.3.1 Residential 8.4.2.3.1.1 Commercial 8.4.3 Mexico 8.4.3.1 Mexico Asphalt shingles Market Size and Forecast, By Type (2023-2030) 8.4.3.1.1 Three-tab shingles 8.4.3.1.2 Architectural shingles 8.4.3.1.3 specialty shingles 8.4.3.2 Mexico Asphalt shingles Market Size and Forecast, By Material (2023-2030) 8.4.3.2.1 Fiberglass 8.4.3.2.2 Organic 8.4.3.3 Mexico Asphalt shingles Market Size and Forecast, By Application (2023-2030) 8.4.3.3.1 Residential 8.4.3.3.2 Commercial 9. Europe Asphalt shingles Market Size and Forecast by Segmentation (Value) (2023-2030) 9.1 Europe Asphalt shingles Market Size and Forecast, By Type (2023-2030) 9.2 Europe Asphalt shingles Market Size and Forecast, By Material (2023-2030) 9.3 Europe Asphalt shingles Market Size and Forecast, By Application (2023-2030) 9.4 Europe Asphalt shingles Market Size and Forecast, by Country (2023-2030) 9.4.1 United Kingdom 9.4.1.1 United Kingdom Asphalt shingles Market Size and Forecast, By Type (2023-2030) 9.4.1.2 United Kingdom Asphalt shingles Market Size and Forecast, By Material (2023-2030) 9.4.1.3 United Kingdom Asphalt shingles Market Size and Forecast, By Application (2023-2030) 9.4.2 France 9.4.2.1 France Asphalt shingles Market Size and Forecast, By Type (2023-2030) 9.4.2.2 France Asphalt shingles Market Size and Forecast, By Material (2023-2030) 9.4.2.3 France Asphalt shingles Market Size and Forecast, By Application (2023-2030) 9.4.3 Germany 9.4.3.1 Germany Asphalt shingles Market Size and Forecast, By Type (2023-2030) 9.4.3.2 Germany Asphalt shingles Market Size and Forecast, By Material (2023-2030) 9.4.3.3 Germany Asphalt shingles Market Size and Forecast, By Application (2023-2030) 9.4.4 Italy 9.4.4.1 Italy Asphalt shingles Market Size and Forecast, By Type (2023-2030) 9.4.4.2 Italy Asphalt shingles Market Size and Forecast, By Material (2023-2030) 9.4.4.3 Italy Asphalt shingles Market Size and Forecast, By Application (2023-2030) 9.4.5 Spain 9.4.5.1 Spain Asphalt shingles Market Size and Forecast, By Type (2023-2030) 9.4.5.2 Spain Asphalt shingles Market Size and Forecast, By Material (2023-2030) 9.4.5.3 Spain Asphalt shingles Market Size and Forecast, By Application (2023-2030) 9.4.6 Sweden 9.4.6.1 Sweden Asphalt shingles Market Size and Forecast, By Type (2023-2030) 9.4.6.2 Sweden Asphalt shingles Market Size and Forecast, By Material (2023-2030) 9.4.6.3 Sweden Asphalt shingles Market Size and Forecast, By Application (2023-2030) 9.4.7 Austria 9.4.7.1 Austria Asphalt shingles Market Size and Forecast, By Type (2023-2030) 9.4.7.2 Austria Asphalt shingles Market Size and Forecast, By Material (2023-2030) 9.4.7.3 Austria Asphalt shingles Market Size and Forecast, By Application (2023-2030) 9.4.8 Rest of Europe 9.4.8.1 Rest of Europe Asphalt shingles Market Size and Forecast, By Type (2023-2030) 9.4.8.2 Rest of Europe Asphalt shingles Market Size and Forecast, By Material (2023-2030). 9.4.8.3 Rest of Europe Asphalt shingles Market Size and Forecast, By Application (2023-2030) 10. Asia Pacific Asphalt shingles Market Size and Forecast by Segmentation (Value) (2023-2030) 10.1 Asia Pacific Asphalt shingles Market Size and Forecast, By Type (2023-2030) 10.2 Asia Pacific Asphalt shingles Market Size and Forecast, By Material (2023-2030) 10.3 Asia Pacific Asphalt shingles Market Size and Forecast, By Application (2023-2030) 10.4 Asia Pacific Asphalt shingles Market Size and Forecast, by Country (2023-2030) 10.4.1 China 10.4.1.1 China Asphalt shingles Market Size and Forecast, By Type (2023-2030) 10.4.1.2 China Asphalt shingles Market Size and Forecast, By Material (2023-2030) 10.4.1.3 China Asphalt shingles Market Size and Forecast, By Application (2023-2030) 10.4.2 South Korea 10.4.2.1 S Korea Asphalt shingles Market Size and Forecast, By Type (2023-2030) 10.4.2.2 S Korea Asphalt shingles Market Size and Forecast, By Material (2023-2030) 10.4.2.3 S Korea Asphalt shingles Market Size and Forecast, By Application (2023-2030) 10.4.3 Japan 10.4.3.1 Japan Asphalt shingles Market Size and Forecast, By Type (2023-2030) 10.4.3.2 Japan Asphalt shingles Market Size and Forecast, By Material (2023-2030) 10.4.3.3 Japan Asphalt shingles Market Size and Forecast, By Application (2023-2030) 10.4.4 India 10.4.4.1 India Asphalt shingles Market Size and Forecast, By Type (2023-2030) 10.4.4.2 India Asphalt shingles Market Size and Forecast, By Material (2023-2030) 10.4.4.3 India Asphalt shingles Market Size and Forecast, By Application (2023-2030) 10.4.5 Australia 10.4.5.1 Australia Asphalt shingles Market Size and Forecast, By Type (2023-2030) 10.4.5.2 Australia Asphalt shingles Market Size and Forecast, By Material (2023-2030) 10.4.5.3 Australia Asphalt shingles Market Size and Forecast, By Application (2023-2030) 10.4.6 Indonesia 10.4.6.1 Indonesia Asphalt shingles Market Size and Forecast, By Type (2023-2030) 10.4.6.2 Indonesia Asphalt shingles Market Size and Forecast, By Material (2023-2030) 10.4.6.3 Indonesia Asphalt shingles Market Size and Forecast, By Application (2023-2030) 10.4.7 Malaysia 10.4.7.1 Malaysia Asphalt shingles Market Size and Forecast, By Type (2023-2030) 10.4.7.2 Malaysia Asphalt shingles Market Size and Forecast, By Material (2023-2030) 10.4.7.3 Malaysia Asphalt shingles Market Size and Forecast, By Application (2023-2030) 10.4.8 Vietnam 10.4.8.1 Vietnam Asphalt shingles Market Size and Forecast, By Type (2023-2030) 10.4.8.2 Vietnam Asphalt shingles Market Size and Forecast, By Material (2023-2030) 10.4.8.3 Vietnam Asphalt shingles Market Size and Forecast, By Application (2023-2030) 10.4.9 Taiwan 10.4.9.1 Taiwan Asphalt shingles Market Size and Forecast, By Type (2023-2030) 10.4.9.2 Taiwan Asphalt shingles Market Size and Forecast, By Material (2023-2030) 10.4.9.3 Taiwan Asphalt shingles Market Size and Forecast, By Application (2023-2030) 10.4.10 Bangladesh 10.4.10.1 Bangladesh Asphalt shingles Market Size and Forecast, By Type (2023-2030) 10.4.10.2 Bangladesh Asphalt shingles Market Size and Forecast, By Material (2023-2030) 10.4.10.3 Bangladesh Asphalt shingles Market Size and Forecast, By Application (2023-2030) 10.4.11 Pakistan 10.4.11.1 Pakistan Asphalt shingles Market Size and Forecast, By Type (2023-2030) 10.4.11.2 Pakistan Asphalt shingles Market Size and Forecast, By Material (2023-2030) 10.4.11.3 Pakistan Asphalt shingles Market Size and Forecast, By Application (2023-2030) 10.4.12 Rest of Asia Pacific 10.4.12.1 Rest of Asia Pacific Asphalt shingles Market Size and Forecast, By Type (2023-2030) 10.4.12.2 Rest of Asia Pacific Asphalt shingles Market Size and Forecast, By Material (2023-2030) 10.4.12.3 Rest of Asia Pacific Asphalt shingles Market Size and Forecast, By Application (2023-2030) 11. Middle East and Africa Asphalt shingles Market Size and Forecast by Segmentation (Value) (2023-2030) 11.1 Middle East and Africa Asphalt shingles Market Size and Forecast, By Type (2023-2030) 11.2 Middle East and Africa Asphalt shingles Market Size and Forecast, By Material (2023-2030) 11.3 Middle East and Africa Asphalt shingles Market Size and Forecast, By Application (2023-2030) 11.4 Middle East and Africa Asphalt shingles Market Size and Forecast, by Country (2023-2030) 11.4.1 South Africa 11.4.1.1 South Africa Asphalt shingles Market Size and Forecast, By Type (2023-2030) 11.4.1.2 South Africa Asphalt shingles Market Size and Forecast, By Material (2023-2030) 11.4.1.3 South Africa Asphalt shingles Market Size and Forecast, By Application (2023-2030) 11.4.2 GCC 11.4.2.1 GCC Asphalt shingles Market Size and Forecast, By Type (2023-2030) 11.4.2.2 GCC Asphalt shingles Market Size and Forecast, By Material (2023-2030) 11.4.2.3 GCC Asphalt shingles Market Size and Forecast, By Application (2023-2030) 11.4.3 Egypt 11.4.3.1 Egypt Asphalt shingles Market Size and Forecast, By Type (2023-2030) 11.4.3.2 Egypt Asphalt shingles Market Size and Forecast, By Material (2023-2030) 11.4.3.3 Egypt Asphalt shingles Market Size and Forecast, By Application (2023-2030) 11.4.4 Nigeria 11.4.4.1 Nigeria Asphalt shingles Market Size and Forecast, By Type (2023-2030) 11.4.4.2 Nigeria Asphalt shingles Market Size and Forecast, By Material (2023-2030) 11.4.4.3 Nigeria Asphalt shingles Market Size and Forecast, By Application (2023-2030) 11.4.5 Rest of ME&A 11.4.5.1 Rest of ME&A Asphalt shingles Market Size and Forecast, By Type (2023-2030) 11.4.5.2 Rest of ME&A Asphalt shingles Market Size and Forecast, By Material (2023-2030) 11.4.5.3 Rest of ME&A Asphalt shingles Market Size and Forecast, By Application (2023-2030) 12. South America Asphalt shingles Market Size and Forecast by Segmentation (Value) (2023-2030) 12.1 South America Asphalt shingles Market Size and Forecast, By Type (2023-2030) 12.2 South America Asphalt shingles Market Size and Forecast, By Material (2023-2030) 12.3 South America Asphalt shingles Market Size and Forecast, By Application (2023-2030) 12.4 South America Asphalt shingles Market Size and Forecast, by Country (2023-2030) 12.4.1 Brazil 12.4.1.1 Brazil Asphalt shingles Market Size and Forecast, By Type (2023-2030) 12.4.1.2 Brazil Asphalt shingles Market Size and Forecast, By Material (2023-2030) 12.4.1.3 Brazil Asphalt shingles Market Size and Forecast, By Application (2023-2030) 12.4.2 Argentina 12.4.2.1 Argentina Asphalt shingles Market Size and Forecast, By Type (2023-2030) 12.4.2.2 Argentina Asphalt shingles Market Size and Forecast, By Material (2023-2030) 12.4.2.3 Argentina Asphalt shingles Market Size and Forecast, By Application (2023-2030) 12.4.3 Rest Of South America 12.4.3.1 Rest Of South America Asphalt shingles Market Size and Forecast, By Type (2023-2030) 12.4.3.2 Rest Of South America Asphalt shingles Market Size and Forecast, By Material (2023-2030) 12.4.3.3 Rest Of South America Asphalt shingles Market Size and Forecast, By Application (2023-2030) 13. Company Profile: Key Players 13.1 GAF Materials Corporation 13.1.1 Company Overview 13.1.2 Business Portfolio 13.1.3 Financial Overview 13.1.4 SWOT Analysis 13.1.5 Strategic Analysis 13.1.6 Scale of Operation (small, medium, and large) 13.1.7 Details on Partnership 13.1.8 Regulatory Accreditations and Certifications Received by Them 13.1.9 Awards Received by the Firm 13.1.10 Recent Developments 13.2 CertainTeed Corporation 13.3 Arkansas Farm Bureau 13.4 Owens Corning 13.5 IKO Industries Ltd 13.6 Atlas Roofing Corporation 13.7 TAMKO Building Products, Inc. 13.8 Malarkey Roofing Products 13.9 BP Canada 13.10 PABCO Roofing Products 13.11 Henry Company 13.12 Owens Corning Roofing and Asphalt, LLC 13.13 Groupe Boralex, Inc. 13.14 Other Key Players 14. Key Findings and Analyst Recommendations 15. Terms and Glossary
