Latest News- Roofing Market in North America: Residential is expected to lead the Application segment during 2025-2029

The Roofing Market in North America is being driven by High demand for bitumen coating

The Roofing Market in North America is expected to grow at a CAGR of 2.7% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 3810.1 million. The North American roofing market is undergoing a transformative trend, with a growing emphasis on sustainable and eco-friendly solutions. This shift is fueled by mounting environmental concerns, regulatory mandates, and consumer preferences for green alternatives. Recycled materials, such as asphalt shingles, rubber, and plastics, are being repurposed into robust roofing products through advanced recycling technologies. For instance, GAF's RoofCycle initiative repurposes post-consumer waste to manufacture new shingles, aiming to divert one million tons of shingles from landfills by 2030. Likewise, Malarkey Roofing Products integrates upcycled rubber and plastic into their shingles, contributing significantly to waste reduction efforts within the industry. This trend reflects a broader commitment to circular economy practices and waste minimization in the construction sector. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Application
  • Residential
  • Non-residential
• Material
  • Asphalt shingles
  • Metal roofing
  • Clay and concrete
  • Tiles wood shingles and shakes
  • Synthetic roofing products
• Type
  • Flat roofs
  • Sloped roofs
• Geography
  • North America
    • US
    • Canada
    • Mexico

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

• High demand for bitumen coating
• Government initiatives aimed at infrastructure development
• Rising residential and commercial construction activities

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

• Skilled labor shortage
• High fixed cost of roofing equipment and installation
• Challenges in urban and high-rise installations

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Market Scope in Roofing Market in North America Research Report

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Research Analysis Overview

The roofing industry encompasses various types of roofing systems, including built-up roofing, modified bitumen, single-ply, spray polyurethane foam, and felt. Roofing components consist of gravel, drains, skylights, chimneys, vents, snow guards, and ice dams. Roofing challenges involve leaks, moisture, condensation, and ventilation systems. Insulation types, membrane varieties, and installation methods ensure performance and safety. Roofing contracts entail lifecycle costs, warranty terms, certifications, and software features for estimating and design.

Market Research Overview

In the North American roofing market, key product categories include asphalt shingles, metal roofing, slate roofing, tile roofing, wood shakes, and roofing felt. The global building products market, encompassing manufacturers of building components and home improvement products and equipment, is projected to experience significant growth. This expansion is attributed to the thriving construction sector, particularly in developed and emerging economies, where there is a pressing demand for infrastructure development in areas such as residential and healthcare facilities to accommodate urbanization and population growth. The building products market size is determined by the consolidated revenue generated by these manufacturers. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
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