Residential Roofing Industry

Residential roofing market global industry analysis size share growth trends and forecast 2013 2019.

Residential roofing industry.

On the basis of end use residential roofing can be segmented as reroofing and new construction roofing. The freedonia group is tracking recent developments and analyzing their impact in an easy to follow economic impact tracker. There are currently over 50 000 establishments engaged in the installation roofing siding and sheet metal work valued at a total of 31 4 billion. Us demand for residential roofing products is forecast to advance 4 0 percent per year to 147 million squares in 2020 valued at 10 4 billion.

Fortunately the roofing industry as a whole has been developing education and training initiatives to address the situation ever since the great recession. Residential roofing comprises of installing roofs sidings and drainage systems for roofs. Historically reroofing dominated the global residential roofing market and the trend is expected to continue. Bitumen ceramic coated granules clay sand fiberglass concrete and polycarbonate are used for the construction of roofs in residential and commercial buildings such as offices hotels and educational institutes.

As per the report the application landscape of the residential roofing industry market is bifurcated into asphalt shingles roofing metal roofing elastomeric roofing built up roofing modified bitumen roofing andothers. The market share consumption rate and estimated growth rate of each application fragment are mentioned. Asphalt shingles including standard laminated high performance laminated and three tab types.