North America Residential and Commercial Roofing Materials Market Size Worth $ 21.73 Billion By 2032 | CAGR: 5.3%

The north america residential and commercial roofing materials market size is expected to reach USD 21.73 billion by 2032, according to a new study by Polaris Market Research. The report “North America Residential and Commercial Roofing Materials Market Share, Size, Trends, Industry Analysis Report, By Product (Asphalt Shingles, Metal Roofs, Plastics, Concrete Tiles, Clay Tiles, Others); By Application; By Construction Type; By Region; And Segment Forecasts, 2024 - 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.

The demand for impact-resistant roofing materials is on the rise due to increasing occurrences of severe weather conditions, a trend expected to continue moderately throughout the forecast period. The increasing demand for single-family homes & commercial spaces propels the need for roofing materials in the U.S. Furthermore, the growing emphasis on energy-efficient & sustainable building practices is driving the demand for roofing materials.

Additionally, factors such as a thriving regional economy, population growth, heightened investments in the renovation and redevelopment of both residential and commercial structures, and a robust recovery in the construction sector post-COVID-19 pandemic are contributing to the increased demand for roofing materials throughout the forecast period.

Moreover, the adoption of asphalt shingles in roofing materials is experiencing a surge across the U.S. states, driven by the prevailing trend of constructing sustainable and eco-friendly buildings aimed at enhancing energy efficiency through reduced energy consumption for temperature regulation within the structures. Utilizing asphalt shingles in roofing offers cost-effective solutions and contributes to lower energy consumption. The lower installation costs and increased durability of asphalt shingle tiles compared to other roofing materials make them an optimal choice for building roofing needs. The ease of asphalt shingle installation further minimizes overall construction project budgets throughout the U.S.

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Oxford Economics revealed that the global construction industry's total output reached USD 10.7 trillion in 2020, with expectations of a 42% growth in the foreseeable future, projecting a size of USD 15.2 trillion by 2030. Data from the U.S. Census Bureau indicates that construction spending in the U.S. reached a seasonally adjusted annual rate (SAAR) of USD 1,844.1 billion in February 2023, marking a 5.2% increase compared to the USD 1,753.1 billion SAAR recorded in February 2022. This upward trajectory is anticipated to persist, contributing to heightened demand for residential and commercial roofing materials in the United States.

North America Residential and Commercial Roofing Materials Market Report Highlights

• In 2023, the metal roofs segment accounted for the largest market share due to its exceptional durability and longevity. They can withstand various environmental challenges, including harsh weather conditions, UV exposure, and temperature fluctuations. This durability makes them a preferred choice for both residential and commercial applications.
• Commercial construction is expected to grow at the fastest CAGR During the forecast period due to increased investments in commercial construction projects. A thriving economy often translates into higher business activities, prompting the need for new commercial spaces such as offices, retail outlets, and industrial facilities.
• In 2023, the United States accounted for the largest Market share. The United States has one of the largest and most dynamic construction industries in North America. The country experiences consistent growth in residential, commercial, and infrastructure construction projects, due to substantial demand for roofing materials.
• The North America players include Atlas Roofing, Boral Roofing, Carlisle Companies, CertainTeed, Crown Building Products, Eagle Roofing, Etex, Johns Manville, and more.

Polaris Market Research has segmented the North America residential and commercial roofing materials market report based on product, application, construction type, and region:

North America Residential and Commercial Roofing Materials Market, Product Outlook (Revenue - USD Billion, 2019- 2032)

• Asphalt Shingles
• Metal Roofs
• Plastics
• Concrete Tiles
• Clay Tiles
• Others

North America Residential and Commercial Roofing Materials Market, Application Outlook (Revenue - USD Billion, 2019- 2032)

• Residential
• Commercial

North America Residential and Commercial Roofing Materials Market, Construction Type Outlook (Revenue - USD Billion, 2019- 2032)

• New Construction
• Re-roofing

North America Residential and Commercial Roofing Materials Market, Regional Outlook (Revenue - USD Billion, 2019- 2032)

• North America

• U.S.
• Canada

North America Residential and Commercial Roofing Materials Market Report Scope