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Report Overview
The global roofing market stood at a value of about USD 133.51 Billion in 2024 backed by strong demand for roofing in the construction sector. The market is expected to further grow at a CAGR of 4.70% between 2025 and 2034 to reach a value of approximately USD 211.34 Billion by 2034.
2024
Base Year
2018-2024
Historical Year
2025-2034
Forecast Year
- New roof installations are experiencing consistent growth due to the robust growth of the construction industry, surging renovation activities, natural ageing and deterioration of roofs, and the rising frequency of severe weather events such as hurricanes and storms. Reportedly, nearly 5 million new roofs are installed per year in the United States. This large volume of new roof installations encourages key players to develop innovative roofing technologies and materials like cool roofs, solar roofs, and sustainable roofing solutions.
- Growing concerns regarding waste generated by asphalt shingles are surging the demand for sustainable roofing solutions that are reusable, recyclable, or made from eco-friendly resources. According to the EPA of the United States, 11–13 million tons of asphalt shingles are torn off in the country every year, 90% of which end up as waste in landfills. To reduce landfill waste, key players are also investing in technologies that enable the repurpose of asphalt shingles for use in different sectors like road construction.
- Green roofing solutions, which support insulation, stormwater management, and energy efficiency, are gaining prominence globally. Reportedly, London accounts for over 40% of all green roofs installed in the United Kingdom. With the increasing popularity of green roofs, the demand for specialised roofing materials like water retention systems, lightweight substrates, energy-efficient roofing membranes, and drainage layers, among others, is rising. In the forecast period, the introduction of government initiatives to encourage green roofing practices is expected to create lucrative roofing market growth opportunities.
Competitive Landscape
Key roofing market players are increasingly utilising eco-friendly and recycled materials in the manufacturing of roofing systems to enhance their sustainability profile. Roofing companies are also adopting technologies such as artificial intelligence and robotics to streamline their production processes, lower overall costs, and enhance efficiency.
Key Industry Players
Carlisle Companies
Carlisle Companies, founded in 1917 and headquartered in Arizona, United States, is a prominent supplier of innovative building envelope products and solutions for energy-efficient buildings. With a presence in over 180 locations across the world, the company aims to achieve net-zero greenhouse gas emissions by 2050.
Owens Corning
Owens Corning, headquartered in Ohio, United States, and founded in 1938, is a leading building and construction materials company. Its integrated businesses, Insulation, Roofing, and Composites, provide sustainable, durable, and energy-efficient solutions to its customers. Boasting 18,000 employees in 30 countries, the company generated sales of USD 9.7 billion in 2023.
BMI Group
BMI Group, headquartered in Reading, United Kingdom, is a company that offers innovative roofing and waterproofing systems to roofers, architects, and building and home-owners. The company boasts 8,500 employees and 120 manufacturing facilities across 30 countries across the globe. Some of its prominent brands include Monier, Braas, and Icopal, among others.
Atlas Roofing Corporation
Atlas Roofing Corporation, founded in 1982 and headquartered in Georgia, United States, is a prominent manufacturer of residential and commercial building materials. The company has operations across Canada, the United States, and Mexico. It actively partners with companies such as Scotchgard Protector and 3M to provide homeowners with enhanced protection against streaking and staining of roofs.
Other key players in the roofing market include Saint Gobain, Wienerberger AG, Beacon Roofing Supply, Inc., Duro-Last, Inc., Sika AG, and GAF Materials LLC, among others.
Roofing Market Report Snapshots
*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
In 2024, the global roofing market attained a value of approximately USD 133.51 Billion.
The market is expected to grow at a CAGR of 4.70% between 2025 and 2034.
The market is estimated to witness a healthy growth in the forecast period of 2025-2034 to reach USD 211.34 Billion by 2034.
The major drivers of the market include growing urbanisation, rising demand for houses, increasing population, rising construction activities particularly in the developing regions, favourable government initiatives, and growing technological advancements.
The key market trends guiding the growth of the roofing market include the rise in green building projects and increasing demand for green roofing.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The tiles segment represents the leading roofing type in the market.
Roofing finds wide applications in commercial and residential sectors.
Strong and durable materials such as asphalt shingles, metal, or tiles, among others, are used in roofing.
The other word for roofing is awning or covering.
Water leakage is one of the most common problems faced during roofing.
The major players in the roofing market are Carlisle Companies, Owens Corning, BMI Group, Saint Gobain, Wienerberger AG, Beacon Roofing Supply, Inc., Duro-Last, Inc., Atlas Roofing Corporation, Sika AG, and GAF Materials LLC, among others.
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