Roofing is a constructing a covering which require support of walls to protect from bad weather conditions. This residential roofing are made up of different material such as a polymer, metal, slate and concrete etc. It has number of shapes such as hipped, mono-pitched, and domed. Residential Roofing Products comprises of materials and products which are necessary to provide a quality roofing system. This roofing products are used for roofing for home and residential applications such as hotels and schools. Residential roofing products are usually designed for steep slope application. Residential roofs provide protection by retaining heat in the winter or cool air in the summer. Fibrous roofing material offers strong insulation. The life of the roof is depends upon the material used. Residential roof with Slate, copper and tile roofs can last for more than 50 years. However, wood shake roofs has life near about 30 years, fiber cement shingles last for 25 years and asphalt composition roofs are last for 20 years. Growing acceptance of cutting-edge technology to revolutionize the roof installation process is providing demand for residential roofing. In addition, technological advancements in residential roofing such as the use of 3D printing technology to produce various structural components of roofing systems is expected to drive the demand for the market over the forecast period.This growth is primarily driven by Rapid rise in the demand for residential constructions in emerging economies such as Australia, India, China, and Indonesia owing to raised population and Augmented demand due to rapid urbanization, and increased per capita income.
Globally, a noticeable market trend is evident Increasing demand for residential roofing for hotels, hospitals, schools, industrial buildings are expected to surge the demand. Major Manufacturers, such as LEGACY ROOFING (United States), Aabco Roofing (United States), RoofClaim.com (United States), West Roofing Systems Inc. (United States), CMR Construction & Roofing(United States), Saint-Gobain (Fance), Brass Monier Building Group(United Kingdom), Lowe’s(United States), Aspen Contracting Inc. (United States), Tecta America(United States) and Roof Connect(United States) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
- Rapid rise in the demand for residential constructions in emerging economies such as Australia, India, China, and Indonesia owing to raised population
- Augmented demand due to rapid urbanization, and increased per capita income
- Increasing demand for residential roofing for hotels, hospitals, schools, industrial buildings are expected to surge the demand
- Lack of skilled and trained workforce
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
Labour shortage leads to a pressure on builders and it increase installation time, resulting in high cost
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