North America Roofing Materials Market Size & Outlook
North America roofing materials market, 2018-2030 (US$B)
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North America roofing materials market highlights
- The North America roofing materials market generated a revenue of USD 25.4 billion in 2021.
- The market is expected to grow at a CAGR of 3.6% from 2022 to 2030.
- In terms of segment, asphalt shingles was the largest revenue generating product in 2021.
- Metal Roofs is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, U.S. is expected to register the highest CAGR from 2022 to 2030.
North America data book summary
| Market revenue in 2021 | USD 25.4 billion |
| Market revenue in 2030 | USD 34.9 billion |
| Growth rate | 3.6% (CAGR from 2021 to 2030) |
| Largest segment | Asphalt shingles |
| Fastest growing segment | Metal Roofs |
| Historical data covered | 2018 - 2020 |
| Base year for estimation | 2021 |
| Forecast period covered | 2022 - 2030 |
| Quantitative units | Revenue in USD billion |
| Market segmentation | Asphalt Shingles, Concrete & Clay Tiles, Metal Roofs, Plastics |
| Key market players worldwide | Owens-Corning Inc, Compagnie de Saint-Gobain SA, Johns Manville, Wienerberger AG, Atlas Roofing, Carlisle Companies Inc, TAMKO Building Products, GAF, Crown Building Services, CertainTeed Corporation, CSR |
Other key industry trends
- In terms of revenue, North America region accounted for 21.1% of the global roofing materials market in 2021.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 58.4 billion by 2030.
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Roofing Materials Market Scope
Roofing Materials Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
North America roofing materials market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to roofing materials market will help companies and investors design strategic landscapes.
Asphalt shingles was the largest segment with a revenue share of 33.07% in 2021. Horizon Databook has segmented the North America roofing materials market based on asphalt shingles, concrete & clay tiles, metal roofs, plastics covering the revenue growth of each sub-segment from 2018 to 2030.
The economy of North America is the largest and most influential in the world. It is witnessing significant growth owing to the stable industrial dynamics. North America, along with the world, has been severely affected by the ongoing COVID-19 pandemic, resulting in a slowdown of economic activities.
Moreover, factors such as lockdowns, supply chain bottlenecks, and high raw material costs have contributed to the decline in the growth of the construction industry in the region. According to the World Bank.
The GDP of North America dropped by 3.6% in 2020 owing to the COVID-19 pandemic but is expected to improve in 2021. This is because of the rise in the COVID-19 vaccination rate and the resumption of operations of various construction companies in North America.
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Our clientele includes a mix of roofing materials market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of continent-level data and insights on the North America roofing materials market , including forecasts for subscribers. This continent databook contains high-level insights into North America roofing materials market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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North America roofing materials market size, by country, 2018-2030 (US$B)
North America Roofing Materials Market Outlook Share, 2021 & 2030 (US$B)
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