Global Roofing Systems Market Overview:
Roofing systems are structures that are either pre-fabricated or manufactured onsite for forming the roof of buildings. The Roofing systems market has high growth prospects due to remodeling, repairing and replacements of existing roofs and emphasizes on energy-efficient materials. Additionally, increasing consumer focus adoption of sustainable construction projects and longer life span enhanced the product demand from the construction industry. Rise in the consumer preference towards leakage and corrosion free benefits will further boost the product demand. The major companies are adding more innovative techniques in Asia-Pacific countries as these countries are focused on the fastest-growing verticals for residential and re-roofing activities. According to AMA, the Global Roofing Systems market is expected to see growth rate of 3.13% and may see market size of USD138.5 Billion by 2024.
- Change in Lifestyle and Disposable Income
- Increase in Construction and Infrastructure Activities
- Increase in Megacities Projects
- Growing Initiatives by Governments for Affordable Housings
- High Cost Associated with Raw Materials.
- Adverse Impact Due to Environmental Pollution Such as Fumes and Vapors
- Rise in Population and Urbanization
- Upsurge Demand for Sustainable Roofing Materials
- Rising Technological Advancements Such as Drones, Robots, and Others
- Increasing Natural Calamities Boost the Market
- High Repairing and Maintenance Cost
- Defective Materials and Leakage Issues
Some of the key players profiled in the report are Atlas Roofing Corporation (Georgia), CSR Limited (Australia), Carlisle Companies Incorporated (United States), Berkshire Hathaway, Inc. (United States), The Siam Cement Public Company Limited (Thailand), Owens Corning (United States), Boral Limited (United States), Compagnie de Saint Gobain SA (United States), Braas Monier Building Group SA (United Kingdom) and Etex Group NV (Belgium). Analyst at AdvanceMarketAnalytics see United States Manufacturers to retain maximum share of Global Roofing Systems market by 2024. Considering Market by End Users, the sub-segment i.e. Residential will boost the Roofing Systems market. Considering Market by Materials, the sub-segment i.e. Asphalt will boost the Roofing Systems market. Considering Market by Construction Type, the sub-segment i.e. New constructions will boost the Roofing Systems market.
In March 2018, West Roofing Systems, Inc. acquired Foam Applications, Inc. This acquisition is beneficial for commercial roofing services and foam application in the U.S. region. It will strengthen the market presence and beneficial to increase its geographical areas.
In June 2019, Sika launched a bituminous roofing system in the UK market. These innovative products are beneficial for the high-performance waterproof solution and advanced roofing technology. It is also beneficial for a new business portfolio and raises market penetration.
“According to Occupational Safety and Health Administration, it prepares guidelines and standards for roofing workers, the guidelines cover safe practices to prevent falls, other physical injuries, hazardous substance exposures, and injuries and illnesses related to environmental conditions.”
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
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The top-down and bottom-up approaches are used to estimate and validate the size of the Global Roofing Systems market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Roofing Systems market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Roofing Systems Manufacturers, Roofing Systems Provider, End-Use Market Participants of Different Segments of Roofing Systems, Government and Research Organizations, R&D Institutions and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.