Metal Roofing Market | 2031 Strategic Insights | Recent updates
The Metal Roofing Market is expected to register a CAGR of 4% from 2023 to 2031, with a market size expanding from US$ XX million in 2023 to US$ XX Million by 2031.
The report presents analysis based on metal type (copper, aluminum, steel, and others). The report is segmented by product type (tiles, shingle, and sheets). The report is segmented by end use (residential, commercial, industrial, and institutional and others). The global analysis is further broken-down at regional level and major countries. The market size and forecast at global, regional, and country levels for all the key market segments are covered under the scope. The report offers the value in USD for the above analysis and segments. The report provides key statistics on the market status of the key market players and offers market trends and opportunities.
Purpose of the ReportThe report Metal Roofing Market by The Insight Partners aims to describe the present landscape and future growth, top driving factors, challenges, and opportunities. This will provide insights to various business stakeholders, such as:
- Technology Providers/Manufacturers: To understand the evolving market dynamics and know the potential growth opportunities, enabling them to make informed strategic decisions.
- Investors: To conduct a comprehensive trend analysis regarding the market growth rate, market financial projections, and opportunities that exist across the value chain.
- Regulatory bodies: To regulate policies and police activities in the market with the aim of minimizing abuse, preserving investor trust and confidence, and upholding the integrity and stability of the market.
Metal Roofing Market Segmentation
Metal Type- Copper
- Aluminum
- Steel
- Tiles
- Shingle
- Sheets
- Residential
- Commercial
- Industrial
- Institutional and Others
- North America
- Europe
- Asia-Pacific
- South and Central America
- Middle East and Africa
- North America
- Europe
- Asia-Pacific
- South and Central America
- Middle East and Africa
Strategic Insights
Metal Roofing Market Growth Drivers- Rising Demand from Residential Construction: The increase in residential buildings is a major driver for the market in metal roofing. With increased construction around the globe, especially among developing nations, durable, energy-efficient, and low-maintenance roofing options are becoming increasingly sought-after by structural organizers with new homes. Metal roofing has all these benefits making it more favorable for new residential constructions.
- Incresing Focus on Energy Efficiency and Longevity: Metal roofs have lasting value in residential buildings, including their long lifespans and general weather resistance. They are increasingly popular among homeowners who are adopting an energy-efficient lifestyle, as the roofs reflect heat, thereby reducing cooling costs. This continuing trend is contributing to the market demand for metal roofing in modern residential applications.
- Aesthetic Appeal of Metal Roofing: Metal roofing adds to this assortment with aesthetic appeal, for which such roofs are gaining popularity in the residential sector. It is available in many designs and colors and complements various architectural styles. As consumers demand cost-effective but elegant roofing solutions, metal roofs are fast becoming the leading choice among modern architectural households.
- Development of Lightweight Alloys: An emerging trend that is expected to propel the growth of the metal roofing market is the development of lightweight alloys. These include alloys of aluminum, as well as titanium-based materials. The nature of such alloys has generally facilitated their use in roofing applications because they are lighter than any other traditional alternative. This trend cuts across residential and commercial construction.
- Lightweight Alloys Improve Roof Load Reduction, Installation, and Cost Efficiency: Such lightweight alloys are able to deliver a one-for-one load reduction in the total loading on a building, which is of special importance in an environment like a high-rise building or in a site condition with limited structural capacity. By reducing the weight of the roof material, these alloys are conducive to easy installation, lower transportation fees, and energy savings associated with application, making them a dramatic advancement toward modernizing roofing applications.
- High-Performance Lightweight Alloys: Lightweight alloys have low weights comparable with steel and aluminum but possess all other metallic qualities expected of metal roofs such as strength, durability, and corrosion resistance. This combination puts reduced weight and high performance for future-oriented trends in the metal roofing market. With all these characteristics, they can stand extreme climates with little load on the structures while extending their expected life for metal roofing systems.
- Integration of Integrated Sensors for Real-Time Monitoring: The advanced creation of integrated sensors for smart roofing systems opens immense avenues of growth in the metal roofing market. Such intelligent systems thus track temperature, moisture levels, and structural integrity in real time for very essential data that is beneficial to both homeowners and building managers as far as roof performance and durability is concerned.
- Rising Demand for Smart Roofing Systems: Smart roofing systems can identify problems such as leaks, heat accumulation, or structural stress even before they develop. Using integrated sensors, they may notify property owners in real time to effect repairs that would be less expensive in the long run. This is developing the technology-based acceptance of metal roofing solutions across both space houses and business builds.
- Increasing Demand for Energy-Efficient Systems: These intelligent systems will also manage energy efficiency through temperature monitoring and ventilation optimization. For areas with extreme temperatures, the incorporation of the sensors enables adjustment to roof operations such that heating and cooling adjustments are minimized, thereby reducing energy consumption and utility bills. The additional functionality increases interest in metal roofs becoming smart.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Metal Roofing Market, providing a holistic landscape.
- Expert Analysis: The report is compiled based on the in-depth understanding of industry experts and analysts.
- Up-to-date Information: The report assures business relevance due to its coverage of recent information and data trends.
- Customization Options: This report can be customized to cater to specific client requirements and suit the business strategies aptly.
The research report on the Metal Roofing Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.
REGIONAL FRAMEWORK
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Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
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to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
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to country scope.
Frequently Asked Questions
The Metal Roofing Market is estimated to witness a CAGR of 4% from 2023 to 2031
The expansion of the residential construction is driving the market growth.
Building Solutions (National) Ltd; The Metal Roof Company; Cladco Profiles Ltd; Planwell Roofing Supplies Ltd; Tata Steel Europe Limited; Rhino Steel Cladding Ltd; Cardinal Steels Ltd; Britmet Tileform Limited; SSAB Swedish Steel Ltd; and Sika AG are some of the metal roofing market
Based on metal type, the steel segment is expected to witness the fastest growth during the forecast period
Based on geography, Asia Pacific held the largest share of the metal roofing market, due to the region's rapid urbanization and booming construction industry, particularly in countries like China, India, and Southeast Asia, are driving significant demand for modern, durable roofing solutions. As infrastructure projects expand, the need for metal roofing materials increases.
The emergence of lightweight alloys is expected to be the key market trends.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Metal Roofing Market - By Metal Type
1.3.2 Metal Roofing Market - By Application
1.3.3 Metal Roofing Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. METAL ROOFING MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. EXPERT OPINIONS
5. METAL ROOFING MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. METAL ROOFING MARKET - GLOBAL MARKET ANALYSIS
6.1. METAL ROOFING - GLOBAL MARKET OVERVIEW
6.2. METAL ROOFING - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. METAL ROOFING MARKET - REVENUE AND FORECASTS TO 2028 - METAL TYPE
7.1. OVERVIEW
7.2. METAL TYPE MARKET FORECASTS AND ANALYSIS
7.3. STEEL ROOFING
7.3.1. Overview
7.3.2. Steel Roofing Market Forecast and Analysis
7.4. COPPER ROOFING
7.4.1. Overview
7.4.2. Copper Roofing Market Forecast and Analysis
7.5. ALUMINUM ROOFING
7.5.1. Overview
7.5.2. Aluminum Roofing Market Forecast and Analysis
7.6. OTHERS
7.6.1. Overview
7.6.2. Others Market Forecast and Analysis
8. METAL ROOFING MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. RESIDENTIAL
8.3.1. Overview
8.3.2. Residential Market Forecast and Analysis
8.4. COMMERCIAL
8.4.1. Overview
8.4.2. Commercial Market Forecast and Analysis
8.5. INDUSTRIAL
8.5.1. Overview
8.5.2. Industrial Market Forecast and Analysis
9. METAL ROOFING MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Metal Roofing Market Overview
9.1.2 North America Metal Roofing Market Forecasts and Analysis
9.1.3 North America Metal Roofing Market Forecasts and Analysis - By Metal Type
9.1.4 North America Metal Roofing Market Forecasts and Analysis - By Application
9.1.5 North America Metal Roofing Market Forecasts and Analysis - By Countries
9.1.5.1 Canada Metal Roofing Market
9.1.5.1.1 Canada Metal Roofing Market by Metal Type
9.1.5.1.2 Canada Metal Roofing Market by Application
9.1.5.2 Mexico Metal Roofing Market
9.1.5.2.1 Mexico Metal Roofing Market by Metal Type
9.1.5.2.2 Mexico Metal Roofing Market by Application
9.1.5.3 US Metal Roofing Market
9.1.5.3.1 US Metal Roofing Market by Metal Type
9.1.5.3.2 US Metal Roofing Market by Application
9.2. EUROPE
9.2.1 Europe Metal Roofing Market Overview
9.2.2 Europe Metal Roofing Market Forecasts and Analysis
9.2.3 Europe Metal Roofing Market Forecasts and Analysis - By Metal Type
9.2.4 Europe Metal Roofing Market Forecasts and Analysis - By Application
9.2.5 Europe Metal Roofing Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Metal Roofing Market
9.2.5.1.1 Germany Metal Roofing Market by Metal Type
9.2.5.1.2 Germany Metal Roofing Market by Application
9.2.5.2 France Metal Roofing Market
9.2.5.2.1 France Metal Roofing Market by Metal Type
9.2.5.2.2 France Metal Roofing Market by Application
9.2.5.3 Italy Metal Roofing Market
9.2.5.3.1 Italy Metal Roofing Market by Metal Type
9.2.5.3.2 Italy Metal Roofing Market by Application
9.2.5.4 United Kingdom Metal Roofing Market
9.2.5.4.1 United Kingdom Metal Roofing Market by Metal Type
9.2.5.4.2 United Kingdom Metal Roofing Market by Application
9.2.5.5 Russia Metal Roofing Market
9.2.5.5.1 Russia Metal Roofing Market by Metal Type
9.2.5.5.2 Russia Metal Roofing Market by Application
9.2.5.6 Rest of Europe Metal Roofing Market
9.2.5.6.1 Rest of Europe Metal Roofing Market by Metal Type
9.2.5.6.2 Rest of Europe Metal Roofing Market by Application
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Metal Roofing Market Overview
9.3.2 Asia-Pacific Metal Roofing Market Forecasts and Analysis
9.3.3 Asia-Pacific Metal Roofing Market Forecasts and Analysis - By Metal Type
9.3.4 Asia-Pacific Metal Roofing Market Forecasts and Analysis - By Application
9.3.5 Asia-Pacific Metal Roofing Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Metal Roofing Market
9.3.5.1.1 Australia Metal Roofing Market by Metal Type
9.3.5.1.2 Australia Metal Roofing Market by Application
9.3.5.2 China Metal Roofing Market
9.3.5.2.1 China Metal Roofing Market by Metal Type
9.3.5.2.2 China Metal Roofing Market by Application
9.3.5.3 India Metal Roofing Market
9.3.5.3.1 India Metal Roofing Market by Metal Type
9.3.5.3.2 India Metal Roofing Market by Application
9.3.5.4 Japan Metal Roofing Market
9.3.5.4.1 Japan Metal Roofing Market by Metal Type
9.3.5.4.2 Japan Metal Roofing Market by Application
9.3.5.5 South Korea Metal Roofing Market
9.3.5.5.1 South Korea Metal Roofing Market by Metal Type
9.3.5.5.2 South Korea Metal Roofing Market by Application
9.3.5.6 Rest of Asia-Pacific Metal Roofing Market
9.3.5.6.1 Rest of Asia-Pacific Metal Roofing Market by Metal Type
9.3.5.6.2 Rest of Asia-Pacific Metal Roofing Market by Application
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Metal Roofing Market Overview
9.4.2 Middle East and Africa Metal Roofing Market Forecasts and Analysis
9.4.3 Middle East and Africa Metal Roofing Market Forecasts and Analysis - By Metal Type
9.4.4 Middle East and Africa Metal Roofing Market Forecasts and Analysis - By Application
9.4.5 Middle East and Africa Metal Roofing Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Metal Roofing Market
9.4.5.1.1 South Africa Metal Roofing Market by Metal Type
9.4.5.1.2 South Africa Metal Roofing Market by Application
9.4.5.2 Saudi Arabia Metal Roofing Market
9.4.5.2.1 Saudi Arabia Metal Roofing Market by Metal Type
9.4.5.2.2 Saudi Arabia Metal Roofing Market by Application
9.4.5.3 U.A.E Metal Roofing Market
9.4.5.3.1 U.A.E Metal Roofing Market by Metal Type
9.4.5.3.2 U.A.E Metal Roofing Market by Application
9.4.5.4 Rest of Middle East and Africa Metal Roofing Market
9.4.5.4.1 Rest of Middle East and Africa Metal Roofing Market by Metal Type
9.4.5.4.2 Rest of Middle East and Africa Metal Roofing Market by Application
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Metal Roofing Market Overview
9.5.2 South and Central America Metal Roofing Market Forecasts and Analysis
9.5.3 South and Central America Metal Roofing Market Forecasts and Analysis - By Metal Type
9.5.4 South and Central America Metal Roofing Market Forecasts and Analysis - By Application
9.5.5 South and Central America Metal Roofing Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Metal Roofing Market
9.5.5.1.1 Brazil Metal Roofing Market by Metal Type
9.5.5.1.2 Brazil Metal Roofing Market by Application
9.5.5.2 Argentina Metal Roofing Market
9.5.5.2.1 Argentina Metal Roofing Market by Metal Type
9.5.5.2.2 Argentina Metal Roofing Market by Application
9.5.5.3 Rest of South and Central America Metal Roofing Market
9.5.5.3.1 Rest of South and Central America Metal Roofing Market by Metal Type
9.5.5.3.2 Rest of South and Central America Metal Roofing Market by Application
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. METAL ROOFING MARKET, KEY COMPANY PROFILES
11.1. IDEAL ROOFING CO. LTD
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. ATAS INTERNATIONAL INC.
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. REEDS METALS INC.
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. JINHU COLOR ALUMINUM GROUP
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. DECRA ROOFING SYSTEMS INC.
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. BLUESCOPE STEEL LIMITED
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. METAL SALES MANUFACTURING CORPORATION
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. FIRESTONE BUILDING PRODUCTS
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. THE OMNIMAX INTERNATIONAL INC
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. CARLISLE SYNTEC SYSTEMS
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
1. Ideal Roofing Co. Ltd
2. ATAS International Inc.
3. Reeds Metals Inc.
4. Jinhu Color Aluminum Group
5. DECRA Roofing Systems Inc.
6. BlueScope Steel Limited
7. Metal Sales Manufacturing Corporation
8. Firestone Building Products
9. The OmniMax International Inc
10. Carlisle SynTec Systems
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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