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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
North America Steel Roofing Market Size
The North America steel roofing market reached USD 3.14 billion in 2023. The market is expected to grow at a CAGR of 5.4% between 2024 and 2032, reaching almost USD 5.05 billion by 2032.
Key Takeaways:
- According to Statistics Canada, the non-residential sector reached $49.8 billion in 2023, thus boosting the North America steel roofing market growth.
- The increase in construction spending in the USA to $1,978.7 billion in 2023, up from $1,848.7 billion in 2022, as reported by the U.S. Census Bureau, has contributed to the growth of the North America steel market.
- Steel roofing provides a range of advantages to buildings, such as strength, aesthetic appeal, environmental friendliness, and energy efficiency.
Steel roofing provides numerous advantages for buildings, being robust, aesthetically pleasing, eco-conscious, and energy efficient. Renowned for its exceptional longevity, it withstands harsh weather, fire, and pests, needing little upkeep. Enhanced with reflective coatings, it conserves energy, is eco-friendly, lightweight, adaptable in style, and enhances property worth.
This type of roofing, known as "steel roofing," is made from metal sheets or tiles and is recognised for its strength, waterproofing, and endurance. It constitutes part of a building's exterior shell, typically employing steel, copper, or zinc alloys in its construction.
According to Statistics Canada, the non-residential sector experienced a 0.6% increase, reaching $49.8 billion in 2023, marking the second consecutive annual rise. This uptick in construction activity is driving the growth of the North America steel roofing market.
North America Steel Roofing Market Report Snapshots
North America Steel Roofing Market Size
North America Steel Roofing Market Trends
North America Steel Roofing Companies
North America Steel Roofing Market Regional Analysis
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The market was estimated to be valued at USD 3.14 billion in 2023.
The market is projected to grow at a CAGR of 5.4% between 2024 and 2032.
The revenue generated from the steel roofing market is expected to reach USD 5.05 billion in 2032.
The steel roofing market experiences growth due to sustainable materials, advancements in energy efficiency, innovations in durability, and the architectural versatility it offers.
The steel roofing market is categorised into corrugated, stone-coated steel, and others.
The steel roofing market is categorised according to its application, such as residential, commercial, and industrial.
The major players in the market are Metal Roofing Systems, Inc., Owens Corning, TAMKO Building Products LLC, American Buildings Components (Cornerstone Building Brands, Inc.), ATAS International, Inc., Metal Sales Manufacturing Corporation, Worthouse, and Modern Metal Roofing among others.
The market is broken down into the United States of America and Canada.
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