According to the report, Increasing demand for residential roofing for hotels, hospitals, schools, industrial buildings are expected to surge the demand is one of the primary growth factors for the market. Rapid rise in the demand for residential constructions in emerging economies such as Australia, India, China, and Indonesia owing to raised population
is also expected to contribute significantly to the Residential Roofing market. Overall, Reroofing
applications of Residential Roofing, and the growing awareness of them, is what makes this segment of the industry important to its overall growth. The Material Type, such as Solar tiles, is boosting the Residential Roofing market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
AMAs Analyst on the Global Residential Roofing market identified that the demand is rising in many different parts of the world as "Inclination towards designing efficient roofing systems such as noise prevention, eco-friendly roofing and long-term performance in the harshest weather conditions offering opportunities for the market growth".
The report provides an in-depth analysis and forecast about the industry covering the following key features: o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies o Analyses the Global Residential Roofing market according to Type, Application, and regions o Analyzes the top 10 players in terms of market reach, business strategy, and business focus o Provides stakeholders insights and key drivers & trends of the market
**The market is valued based on weighted average selling price (WASP) and includes any applicable taxes on manufacturers. All currency conversions used in the creation of this report have been calculated using constant annual average 2020 currency rates.
Market Size Estimation In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Residential Roofing market and other related sub-markets covered in the study.
o Key & emerging players in the market have been observed through secondary research. o The industrys supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes. o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Data Triangulation The overall Residential Roofing market size is calculated using market estimation process, the Residential Roofing market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global Residential Roofing market size has been validated using both top-down and bottom-up approaches.