The threat of a real estate bubble, coupled with high levels of household debt subdued demand for new homes in Canada. Over the five years to 2016, the number of housing starts is expected to fall, restraining demand for the Roofing Contractors industry. However, increased residential renovation expenditure, government support and, up until recently, a resilient nonresidential construction market are projected to prevent the industry from shrinking overall. Amid projections of lacklustre per capita income growth and high levels of household debt, the number of housing starts is expected to contract over the five years to 2021. Despite continued reduction, the industry is expected to grow over the period. Rising corporate profit is expected to encourage business expansion, which will bolster the value of nonresidential construction and, therefore, industry demand.
The Roofing Contractors industry installs roofing, siding, sheet metal and roof drainage systems, such as downspouts and gutters. Activities also include treating roofs (e.g. spraying, painting or coating), coppersmithing, tinsmithing, installing skylights, installing metal ceilings, flashing, ductwork and capping. Duties performed include new work, additions, alterations, maintenance and repairs.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.