Latest News- Residential Roofing Market: Reroofing is expected to lead the Type segment during 2025-2029

The Residential Roofing Market is being driven by Increasing residential construction

The Residential Roofing Market is expected to grow at a CAGR of 5.6% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 27.6 million. The global residential roofing market is experiencing a noteworthy trend towards strategic partnerships, with an increasing emphasis on expanded services and market growth. Notable in this regard is the recent alliance between River Sea Network and Pearl Street Capital Partners, two leading private equity firms focusing on the services sector. In March 2024, they established Aligned Exteriors Group (AEG), a new platform dedicated to residential roofing and related exterior services. AEG's strategy centers around forging alliances with elite roofing companies and entrepreneurs who align with its core values of honesty, integrity, accountability, social responsibility, and a robust work ethic. This strategy positions AEG as the preferred partner for founders and management teams within the broader exterior services industry. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Type
  • Reroofing
  • New construction
• Product
  • Asphalt shingles
  • Metal roofing
  • Clay and concrete tiles
  • Solar tile
  • Others
• Geography
  • North America
    • Canada
    • US
  • APAC
    • China
    • India
    • Japan
  • Europe
    • Germany
    • UK
    • France
  • South America
    • Brazil
  • Middle East and Africa

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Increasing residential construction
• Rapid urbanization
• Government initiatives

However, the market also witnesses some limitations, which are as follows:

• High prices of raw materials
• Regulatory hurdles
• Shortage of labor

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Market Scope in Residential Roofing Market Research Report

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Research Analysis Overview

The residential roofing market encompasses various roofing solutions for single-family housing, including fire-resistant options like metal roofing. Roofing materials, such as asphalt shingles and composite shingles, face challenges from UV radiation and climate change. Building rehabilitation projects may involve hard coating, reroofing, or new construction roofing using materials like BUR and smart roofing systems. Aesthetic appeal and housing infrastructure are also considerations, with green construction gaining popularity. Installation of roofing systems, whether metal, asphalt, or solar tiles, requires maintenance to prevent leaks. Construction projects, remodeling, and new buildings all contribute to the dynamic roofing market.

Market Research Overview

The residential roofing sector, a segment of the broader building products market, is experiencing significant growth due to several factors. The increasing demand for fire-resistant and metal roofing materials, driven by concerns over climate change and UV radiation, is a key trend. Additionally, the market is benefiting from the growth of the construction sector, particularly in developing economies where there is a pressing need to address urbanization and healthcare infrastructure through building rehabilitation and the use of advanced roofing technologies such as hard coating to prevent leaks. Technavio projects that the global building products market, which includes manufacturers of roofing and gutter materials, will continue to expand, fueled by these and other factors.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
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UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/