Global Roofing Market 2016-2020
The global roofing market is witnessing healthy growth owing to an increase in investment in the construction industry. Increased investment in the real estate segment is a major factor spurring the demand in the roofing industry.
Solar roofs are now replacing conventional roofing both in developed and developing countries. Due to the rising awareness of the increase in carbon footprints in buildings, construction companies and building owners are increasingly using solar roof panels.
Technavio’s analysts forecast the global roofing market to grow at a CAGR of 6.96% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global roofing market for the period 2015-2020. To calculate the market size, the report considers the revenue generated from the sales of roofing.
The market is divided into the following segments based on product type:
Technavio Announces the Publication of its Research Report – Global Roofing Market 2016-2020
Technavio recognizes the following companies as the key players in the Global Roofing Market: Brass Monier, Etex, Owens Corning, Saint-Gobain and Wienerberger
Other Prominent Vendors in the market are: Atlas Roofing, American Hydrotech, Beacon Roofing Supply, CertainTeed, Eagle Roofing Products, IKO Industries, Johns Manville, GAF, Multicolor Steels, and Stramit.
Commenting on the report, an analyst from Technavio’s team said: “Due to the rising concern over the increase in carbon footprints in buildings, the demand for sustainable buildings is growing at a high rate. This in turn is creating huge demand for green roofing globally.”
According to the report, increased investment in new commercial buildings, specifically in the new hotels and shopping mall segments, is propelling the demand for roofing globally. In addition, the major demand for roofing can be seen in the green roofing segment in commercial buildings.
Further, the report states that the construction industry provides a large number of employment opportunities but lacks skilled labor.
Brass Monier, Etex, Owens Corning, Saint-Gobain, Wienerberger, Atlas Roofing, American Hydrotech, Beacon Roofing Supply, CertainTeed, Eagle Roofing Products, IKO Industries, Johns Manville, GAF, Multicolor Steels, Stramit.