DUBLIN--(BUSINESS WIRE)--The "Roofing: Market Forecasts in the US by Product, Market and Subregion" report has been added to ResearchAndMarkets.com's offering.
This study presents historical sales and demand data (2006, 2011, and 2016) and forecasts (2021) by product (asphalt shingles, metal roofing, bituminous membranes, plastic roofing, rubber roofing, roofing tiles, wood shingles and shakes, and other products), market (new residential, residential reroofing, new commercial, and commercial reroofing), and US subregion.
The study also evaluates company market share and provides competitive analysis on industry participants, including:
- GAF Materials
- Owens Corning
- Firestone Building Products
- Carlisle SynTec
- Johns Manville
Larger Number of Older Roofs to Spur Reroofing Activity
The US features a large number of older homes and commercial structures with roofs at or near the end of their expected product lifespans. Going forward, many home and business owners will invest in roof renovation and replacement projects to install new roofs with superior performance and aesthetic properties.
High Level of Storm Activity in 2016 to Boost Use of Storm-Resistant Roofing Materials
The US experienced a number of severe weather events in 2016 that caused extensive roof damage in many parts of the country, necessitating the repair and replacement of thousands of roofs. This surge in reroofing jobs was in large part due to the fact that many structures are outfitted with roofing materials that do not meet modern building codes for storm resistance. Going forward, home and business owners will undertake roof renovation projects to replace these older products with more durable materials - such as laminated asphalt shingles, metal roofing, and polymer-modified bituminous membranes - that can better withstand high winds and heavy precipitation.
Roofing That Improves Energy Efficiency Will See Increasing Use
Construction professionals are increasingly recognizing the role roofing can play in reducing a building’s energy consumption and lowering its utility bills. In parts of the US where lengthy summers drive up air conditioning costs, contractors will increasingly specify products that meet cool roofing criteria. These products - light-colored membranes, metal roofing, roofing tile, and granule-coated asphalt shingles - deflect sunlight and minimize heat transfer. In areas where severe winters are an issue, the installation of insulated metal panels can minimize heat loss and keep energy costs low.
Concerns About Shortage of Trained Roofers to Promote Use of Easy-to-Install Products
The roofing industry faces a potential shortage of trained craftspeople as older workers leave the profession and younger people show a reluctance to enter traditionally blue-collar careers. One way in which contractors will be able to adjust to this lack of highly skilled roofers is to increasingly specify easy-to-install roofing materials. Such products as plastic, rubber, and bituminous membranes with peel-and-stick backings, and field-fabricated standing seam roofing can be quickly installed by work crews with moderate skill levels, thus reducing the complexity - and cost - of roofing jobs.
For more information about this report visit https://www.researchandmarkets.com/research/5pngn5/roofing_market?w=4