Roofing Industry Outlook 2018

Buttressed by new home construction and storm related damage repairs u s.

Roofing industry outlook 2018.

Boosted by an increase in single family housing starts and the rising need for storm resistant products the demand for roofing in the u s. What will be the cagr of roofing system market during the. The utilization of roofing systems is on a rise owing to increase in focus on energy efficient construction and the ever increasing demographic shift toward urbanization. Is expected to grow at a compound annual growth rate cagr of 4 9 to reach 19 9 billion in 2021 according to a new white paper by the freedonia group a leading international business research company.

Industry statistics cover all companies in the united states both public and private ranging in size from small businesses to market leaders in addition to revenue the industry market analysis shows information on employees companies and average firm size. What was the roofing system market size in 2018 and 2019. Roofing industry outlook for 2018 and beyond. Roofing contractors are now in their fourth consecutive year of improved profitability and double digit increases in.

A few groups including the united union of roofers waterproofers allied workers and some contractor associations sponsor apprenticeship programs for roofers. Roofing contractors in the us industry trends 2015 2020 roofing contractors in the us industry outlook 2020 2025 poll average industry growth 2020 2025. What are the estimated growth trends and market forecast 2019 2025. Aging homes a more favorable lending environment and increases in housing starts will help buoy that demand.

Roofing contractor s annual state of the industry report will explore key trends in the residential and commercial roofing markets review highlights from 2017 and provide a comprehensive outlook for the year ahead. Industry market size for roofing contractors. By sarah schmidt on october 1 2018. The consumption of roofing market is highest in the asia pacific region due to rise in urban population and industrialization.

Roofing industry outlook for 2018 and beyond boosted by an increase in single family housing starts and the rising need for storm resistant products the demand for roofing in the u s. Demand for roofing expected to grow one percent annually through 2021 1. Because some roofing materials such as solar tiles are used infrequently it may take several years to gain experience for all types of roofing. The 2018 report includes information from roofing contractor s exclusive survey of residential and commercial contractors that focused on sales marketing trends and identifying key problems facing the roofing industry.

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