US Roofing Tile

US Roofing Tile

The US Roofing Tile report covers the market by product, market, and region. It includes sales data for concrete tiles and clay & porcelain tiles, and distinguishes between new roofs and reroofing markets. The sales data is broken down by region, covering the Northeast, Midwest, South, and West. The demand for roofing tiles in the US is projected to grow at an annual rate of 1.9%, reaching 7.3 million squares by 2028. This growth will be driven by new residential construction, the need for protection against severe weather, and the durability of roofing tiles. The past couple of years have been challenging for the US roofing tile market. The market experienced a pullback in 2022 as the market recovered from the above average reroofing activity in 2020 and 2021, and rising interest rates impacted project affordability and curtailed building activity. Despite these declines, the market value of roofing tiles continued to rise due to inflation and supply chain issues. Producers faced challenges in obtaining raw materials and dealing with increased shipping costs due to a shortage of trucks and truckers. In 2023, the residential and commercial markets showed divergent trends. Residential demand declined due to a contraction in single-family housing starts, although this was partially offset by a record high in weather-related reroofing. The commercial market, on the other hand, experienced gains due to increased construction of retail and lodging buildings. Although supply chain issues began to resolve and inflation moderated, market value continued to rise due to increasing raw material costs. In the future new residential applications will see a boost as single-family housing starts return to growth, but demand for residential reroofing will be restrained by the previous year’s high level of weather-related reroofing activity. Market value is expected to decline as prices moderate from the significant increases of the past three years. The report provides a comprehensive analysis of the US roofing tile demand market, including historical data from 2013, 2018, and 2023, and forecasts for 2028 and 2033. It also includes annual historical and forecast data from 2020 to 2027, presented in million squares. Roofing tile, concrete tile, clay tile, porcelain tile,Roof, tile, office, institutional, industrial, reroofing, residential, commercial, construction, concrete, clay, porcelain Show more