Commercial Roofing Market: Industry Analysis and Forecast (2023-2029)

Commercial Roofing Market was valued nearly US$ 11.21 Bn in 2022. Commercial Roofing Market size is estimated to grow at a CAGR of 6.2 % & is expected to reach at US$ 17.08 Bn. by 2029.
Commercial Roofing Market Overview:
Commercial flat roofs can be substantially less expensive to construct than pitched or steep slope roofs because they require less material to cover less square feet. They are easier & faster to install, saving the building owner a significant amount of money. Commercial roofing roof types include low-sloped roofs, flat roofs, & pitched roofs. End-users of commercial roofing include hospitals & healthcare facilities, educational institutions, hotels & restaurants, banks & financial institutions, airports, hypermarkets, & shopping malls. To know about the Research Methodology :- Request Free Sample Report

Commercial Roofing Market Trends:

The commercial roofing market, although being one of the hardest impacted during the recession, is an important part of the construction industry. Overall, the market has shown promising signs in recent years, albeit it is currently struggling to meet new energy conservation criteria. The implementation of tight construction regulations in the world's major countries also hampered the market's progress. To meet property owner demands, manufacturers are concentrating on producing high-performance commercial roofing materials with improved reflectivity features.

The growing construction industry is expected to have a substantial impact on the commercial roofing market. Rising consumer disposable income & increased commercialization are two other reasons likely to drive the global commercial roofing market's growth. Despite an overall rising tendency, volatility in the prices of specific energy sources employed in the manufacturing process are expected to constrain the market's potential growth. For example, market constraints have been identified as variable crude oil prices.

The increased use of roofing products in the construction of green buildings, on the other hand, promises huge market opportunities. Advanced commercial roofing solutions are growing more popular as they are perceived to have a lower environmental impact, & they are one of the key drivers of recent developments in the building design process.
Commercial Roofing Market Segment Analysis:
Low Sloped Roofs, Flat Roofs, & Pitched Roofs are the three types of roofs that make up the market. By the end of 2029, the Flat Roofs category is estimated to have a market share of xx percent. Because they use less material to cover fewer square feet, commercial flat roofs can be substantially less expensive to build than pitched or steep slope roofs. They are easier & faster to install, leading in substantial cost savings for the building owner.

Air conditioners can be moved anywhere, from the ground to the ceiling. Solar panels & satellite dishes are easier to install on flat roofs than on pitched roofs. These items become less visible from the curb or parking lot. Maintenance & drain cleaning are easier on flat roofs since personnel may roam around freely and safely regardless of the weather.

During the forecast period 2022-2029, the Low Sloped Roofs segment is predicted to rise at a CAGR of xx percent. Low-sloped roofs are easier & safer to work on than high-pitched or steep-sloped roofs. Air conditioners, solar panels, & satellite dishes are easier to install and maintain on low-sloped commercial roofs than on roofs with a higher pitch.
Share of rooftop installed solar panels:
Single-Ply Membrane Roofing (Thermoplastic Polyolefin (TPO)), Ethylene Propylene Diene Monomer (EPDM), Polyvinyl Chloride (PVC), Spray Polyurethane Foam Roofing, Metal Roofing, Shingle Roofing (Asphalt Shingles and Architectural Shingles), Solar Panel Roofs, Built-Up Roofing, Modified Bitumen Roofing, Green Roofing, & Others are the different material During the forecast period 2022-2029, the Spray Polyurethane Foam Roofing sector is predicted to increase at a CAGR of xx percent.

Spray Polyurethane Foam (SPF) is a type of green roofing that can be used on commercial, industrial, & manufacturing structures. SPF, or Spray Polyurethane Foam, is a liquid-to-foam substance that forms a solid layer over an existing roof. A spray foam roof can be recoated/renewed for 33 % to 50 % of the original installation cost once the guarantee has expired. Any other roofing system will need to be removed when its warranty expires, which will cost the same as the initial installation.

During the forecast period 2022-2029, the Single-Ply Membrane Roofing (Thermoplastic Polyolefin (TPO)) sector is predicted to increase at a CAGR of xx percent. The single-ply membrane is a tried-and-true roofing option for commercial, industrial, and manufacturing buildings. Rubber and other synthetic sheets can be ballasted, mechanically fastened, or chemically glued to insulation to give a layer of protection for your business structure. EPDM roofing has been used for commercial flat roofing for nearly a decade. Due to the amount of time the product has been on the market, several laboratory and field trials have been conducted and monitored.
Commercial Roofing Market Region Insights:
During the forecast period 2022-2029, the APAC region is estimated to lead the Commercial Roofing Market. By 2029, the APAC area is estimated to have a market share of xx percent. China, Japan, & Korea are the most prolific users of roofing materials & chemicals. Repair & refurbishing, as well as new residential & commercial building projects, have all contributed to a surge in demand for roofing materials and chemicals in the Asia-Pacific area.

During the forecast period 2022-2029, the North American region is expected to increase at a CAGR of xx percent. This is due to increased demand for commercial roofing in numerous sectors in the U.S, Canada, & Mexico, including hospitals and healthcare, educational institutions, hotels & restaurants, banks & financial institutions, airports, hypermarkets, & shopping malls.

The objective of the report is to present a comprehensive analysis of the Commercial Roofing Market to the stakeholders in the industry. The past and current status of the industry with the forecasted 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 which include Market leaders, followers, and new entrants.

PORTER, 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 analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The report also helps in understanding the Commercial Roofing Market dynamics, structure by analyzing the Market segments and project the Commercial Roofing Market size. Clear representation of competitive analysis of key players by Material Type, price, financial position, Material Type portfolio, growth strategies, and regional presence in the Commercial Roofing Market make the report investor’s guide.
Commercial Roofing Market Scope: Inquiry Before Buying



Commercial Roofing Market


Report Coverage
Details


Base Year:
2022
Forecast Period:
2023-2029


Historical Data:
2018 to 2022
Market Size in 2022:
US $ 11.21 Bn.


Forecast Period 2023 to 2029 CAGR:
6.2%
Market Size in 2029:
US $ 17.08 Bn.


 Segments Covered:
by Material Type
Single-Ply Membrane Roofing
Ethylene Propylene Diene Monomer
Polyvinyl Chloride


by Roof Type
Low Sloped Roofs
Flat Roofs
Pitched Roofs


by End-Users
Hospitals & Healthcare
Educational Institutes
Hotels & Restaurants
Banks & Financial Institutions
Airports
Hyper & Super Market
Shopping Malls
Others



Commercial Roofing Market by Region
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina Rest of South America)
Commercial Roofing Market Major Players:
1. Atlas Roofing Corporation
2. Duro-Last Inc.
3. BASF SE
4. 3M Company
5. Dow Chemical Company
6. Owens Corning
7. Standard Industries Inc.
8. E.I. du pont de Nemours Company
9. Berkshire Hathaway Inc.
10.Sika AG
11.Carlisle Companies Inc.
12.Certain Teed Corporation
13.Firestone Building Products Company
14.GAF
15.IKO Industries Ltd
16.TAMKO Building Products Inc.

Frequently Asked Questions:

1. Which region has the largest share in Global Commercial Roofing Market?
Ans: Asia Pacific region held the highest share in 2022.

2. What is the growth rate of Global Commercial Roofing Market?
Ans: The Global Commercial Roofing Market is growing at a CAGR of 6.2% during forecasting period 2023-2029.

3. What is scope of the Global Commercial Roofing market report?
Ans: Global Commercial Roofing Market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period.

4. Who are the key players in Global Commercial Roofing market?
Ans: The important key players in the Global Commercial Roofing Market are – , Atlas Roofing Corporation, Duro-Last Inc., BASF SE, 3M Company, Dow Chemical Company, Owens Corning, Standard Industries Inc., E.I. du pont de Nemours Company, Berkshire Hathaway Inc., Sika AG, Carlisle Companies Inc., Certain Teed Corporation, Firestone Building Products Company, GAF, IKO Industries Ltd, and TAMKO Building Products Inc.

5. What is the study period of this market?
Ans: The Global Commercial Roofing Market is studied from 2022 to 2029.