The Roofing Contractors industry largely depends on demand from building construction activity in residential and nonresidential markets, both of which have been rising over the past five years. Alongside profit margin expansion, industry operators have increased the scope of their operations to meet accelerating demand due to the housing recovery, causing employee and operator numbers to increase. IBISWorld expects solid growth in industry revenue over the next five years, underpinned by increased investment in housing and commercial building. Increasing home valuations and higher per capita disposable income are also expected to boost consumer spending on home improvements.
Industry operators install 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. Work performed includes 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.