North America Steel Roofing Market To Reach $4.17 Billion By 2030

North America Steel Roofing Market Growth & Trends

The North America steel roofing market size is expected to reach USD 4.17 billion by 2030, according to a new report by Grand View Research, Inc. It is projected to expand at a CAGR of 3.9% from 2023 to 2030. Increasing awareness regarding green buildings coupled with favorable government regulations concerning the use of durable and energy-efficient materials in the construction sector is expected to drive the product demand.

The construction industry in North America has a notable impact on the demand for steel roofing as they are extensively utilized in residential, commercial, and industrial buildings. Steel roofs are long-lasting and durable building materials that provide significant energy saving to end-use applications, which is the major factor driving the market.

The demand is directly influenced by the rising population and the need for sustainable buildings along with product penetration in the market. Furthermore, adoption of energy codes and solar power in roofing systems across all end-use applications is projected to augment the growth in demand for steel roofing over the forecast period.

Market players are focused on adopting expansion strategies for increasing their market share. They engage in merger and acquisition activities for maintaining market leadership. However, fluctuation in the steel prices on global scale is anticipated to hamper the product demand in the fortchomign years.

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North America Steel Roofing Market Report Highlights

• Commercial building application segment is projected to witness a CAGR of 4.2% in terms of revenue, from 2023 to 2030 owing to the ability of the product to reduce the heat flow, thereby decreasing the overall energy requirement

• Industrial application segment accounted for 39.3% of the regional share in terms of revenue in 2022, owing to the increasing investments in manufacturing industry coupled with favorable government policies for the industrial sector

• U.S. accounted for 81.0% of the regional market share in terms of revenue in 2022 due to the growing demand among business and homeowners for the installation of durable roofing materials resistant to damages caused by hailstorms and high winds

• Mexico is expected to grow at the fastest CAGR of 4.7% during the forecast period, owing to the continuous growth in the industrial sector, and factories.

• Major players in the North America steel roofing market are offering a wide range of products with various designs, surface finishes, and specifications, which aid the companies in obtaining a competitive edge

North America Steel Roofing Market Segmentation

Grand View Research has segmented the North America steel roofing market based on application, and country

North America Steel Roofing Application Outlook (Volume in Million Square Meters & Revenue in USD Million, 2018 - 2030)

• Residential

• Commercial

• Industrial

North America Steel Roofing Country Outlook (Volume in Million Square Meters & Revenue in USD Million, 2018 - 2030)

• North America

  • U.S.

  • Canada

  • Mexico

List of Key Players of North America Steel Roofing Market

• Metal Sales Manufacturing Corporation

• Reed's Metals

• Ideal Roofing

• ATAS International, Inc.

• CertainTeed

• Owens Corning

• TAMKO Building Products LLC

• American Buildings Co.

• BlueScope

• DECRA Roofing Systems, Inc.

• OmniMax International, Inc.

• Sunlast Metal

• Coastal Metal Service

• Worthouse

• Boral North America