Roofing Market Outlook
According to the report by Expert Market Research (EMR), the global roofing market size attained a value of USD 133.51 Billion in 2024. Supported by the growing construction sector, rising demand for energy-efficient roofing solutions, and the increasing focus on sustainability, the market is projected to grow at a compound annual growth rate (CAGR) of 4.70% from 2025 to 2034, reaching a value of USD 211.34 Billion by 2034.
Roofing materials and systems are essential components in both residential and commercial construction, providing protection from the elements while contributing to energy efficiency, aesthetics, and overall structural integrity. Over the past few years, the Roofing Market has witnessed considerable growth due to an increase in infrastructure development, particularly in emerging economies, as well as rising awareness regarding sustainable building practices. The market is expected to maintain this growth trajectory, driven by various technological innovations in roofing materials, regulatory frameworks promoting energy efficiency, and the ongoing need for roof replacements and upgrades in aging buildings.
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Key Drivers of Market Growth
Urbanisation and Infrastructure Development: The rapid urbanisation in developing economies, particularly in regions like Asia Pacific, Latin America, and Africa, is a key factor propelling the global Roofing Market. As more people migrate to urban centers, the demand for both residential and commercial buildings is surging. With new buildings being constructed and older buildings undergoing renovations, there is an increasing need for high-quality roofing materials to ensure durability, safety, and energy efficiency. This demand is further driven by the rise of multi-story buildings, where the need for effective and long-lasting roofing solutions is critical.
In developed markets, particularly in North America and Europe, a significant portion of the Roofing Market growth is driven by renovations and roof replacements. Many commercial and residential buildings in these regions are decades old, necessitating the replacement of outdated roofing systems to meet modern standards of energy efficiency, durability, and aesthetic appeal.
Energy Efficiency and Sustainable Roofing Solutions: Increased environmental awareness and the growing emphasis on reducing carbon footprints have led to rising demand for energy-efficient roofing solutions. Many building owners are seeking roofing systems that help reduce energy consumption by enhancing insulation, minimizing heat absorption, and improving overall thermal performance. This trend is largely driven by global sustainability goals and government regulations aimed at reducing energy use and promoting green building practices.
Cool roofing systems, which reflect more sunlight and absorb less heat, are gaining popularity, particularly in regions with hot climates. These systems help lower cooling costs by reducing the amount of heat absorbed by the roof, making buildings more energy-efficient and lowering their environmental impact. Additionally, the demand for solar roofing solutions, including photovoltaic solar panels integrated directly into Roofing Market systems, is on the rise as more consumers and businesses seek to reduce their reliance on traditional energy sources.
The adoption of green roofs, which involve the installation of vegetation on building rooftops, is also growing. Green roofs offer benefits such as insulation, stormwater management, and improved air quality, all of which align with the sustainability goals of cities and organizations globally.
Technological Advancements in Roofing Materials: Innovation within the roofing materials sector has been another key driver of the market. Manufacturers are increasingly focusing on producing materials that are not only durable and energy-efficient but also aesthetically pleasing and easy to install. The development of lightweight, high-performance roofing materials, such as synthetic rubber roofing, advanced bitumen products, and reflective coatings, has enabled the creation of more efficient and long-lasting roofing systems.
In addition to this, roofing manufacturers are investing in the development of sustainable materials such as recycled asphalt shingles, metal roofing made from recycled steel, and bio-based Roofing Market products. These innovations contribute to both cost savings and environmental benefits, further driving consumer interest and market growth.
Government Regulations and Incentives: Government regulations and incentives play a significant role in shaping the roofing market. Many governments across the globe are implementing building codes and regulations that require higher energy efficiency standards in buildings, including roofing systems. These regulations are encouraging the adoption of advanced, energy-efficient materials and roofing solutions.
In addition, various regions are introducing incentives, such as tax credits, rebates, and subsidies, to promote the installation of sustainable and energy-efficient roofing systems. For example, in the United States, the federal government provides tax incentives for installing solar roofing systems, encouraging homeowners and businesses to adopt renewable energy solutions.
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Roofing Market Segmentation
The market can be divided based on the type, application, installation cost by roof type, and region.
Market Breakup by Type
- Asphalt Shingles
- Metal
- Tiles
- Wood Shingles
- Green Roofs
- Others
Market Breakup by Application
- Residential
- Commercial
Market Breakup by Installation Cost by Roof Type
- Asphalt Shingles
- Metal
- Tiles
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Competitive Landscape
Some of the major key players explored in the report by Expert Market Research are as follows:
- Carlisle Companies
- Owens Corning
- BMI Group
- Saint Gobain
- Wienerberger AG
- Beacon Roofing Supply, Inc.
- Duro-Last, Inc.
- Atlas Roofing Corporation
- Sika AG
- GAF Materials LLC
- Others
Regional Insights
The global roofing market is distributed across key regions, including North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. North America holds a significant share of the market, particularly in the United States, where both residential and commercial roofing are seeing a shift toward energy-efficient and sustainable solutions. Europe is also witnessing steady growth, with green roofing and solar energy applications becoming more common in countries like Germany and the UK.
Asia Pacific, driven by rapid urbanisation and infrastructure development in countries like China and India, is expected to see the highest growth rate in the coming years. Latin America and the Middle East are also experiencing increased demand for roofing solutions as urban development accelerates.
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