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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.
Roofing Market Analysis
Rapid urbanisation and increasing standards of living in the emerging economies are the key roofing market trends fuelling the market growth. There has been a rising demand for new energy-efficient roofing products like green roofing which reduce electricity waste by decreasing air conditioning usage in the long run as well as improving the air quality and increasing the life span of the roof. These green roofs are especially in high demand in the developed nations of North America and Europe in green building constructions, which are the emerging trends in roofing industry. In addition to this, initiatives focussing on energy-efficient projects, such as renovating old buildings wherein old roofs are replaced by new ones, are also invigorating the roofing market growth. In well-established economies such as the United States, exceptional roofing services to cater to the demand of sporting stadiums and commercial construction projects, which is expected to expand the roofing market size, as well as US commercial roofing market size in the forecast period. Moreover, in the United States, the local demand for roofing to elude from weather disturbances, such as heavy rains, snow, and heat, is likely to contribute to the expansion of roofing market size US, leading to an augmented growth of North America roofing market. Meanwhile, the increasing roofing repair demands in Europe is anticipated to fuel the roofing market Europe in the coming years.
Construction of commercial buildings like multiplexes and shopping complexes due to changing lifestyles and increasing urbanisation in the developing countries of Asia Pacific, Latin America and Africa have aided the market growth. Asia Pacific is the leading market with growing construction activities in both the residential and commercial sectors, especially in countries like India, China, Indonesia and Vietnam. The Middle East is also a leading roofing market as the governments in the UAE and Qatar have increased their expenditure in commercial and industrial construction projects driving the growth of the roofing market.
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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