Global Roofing Systems Market 2017-2021
About Roofing Systems
Roofing systems are structures that are either pre-fabricated or manufactured onsite for forming the roof of buildings. Roof materials and systems are typically classified into two generic divisions, namely, low slope and steep slope. The low slope roofing system includes weatherproof and water impermeable types of roof membranes, which are installed on slopes less than or equal to the ratio of 3:12 (14 degrees). Steep slope roofing includes water shedding types of roof coverings installed on slopes exceeding the ratio of 3:12 (14 degrees).
Technavio’s analysts forecast the global roofing systems market to grow at a CAGR of 3.06% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global roofing systems market for 2017-2021. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Roofing Systems Market 2017-2021
Technavio recognizes the following companies as the key players in the global roofing systems market: Braas Monier Building Group, Boral, Etex, Owens Corning, and Saint-Gobain.
Other Prominent Vendors in the market are: Wienerberger, Atlas Roofing, American Hydrotech, Beacon Roofing Supply, Eagle Roofing, IKO Industries, Johns Manville, GAF, Multicolor Steels, Stramit, Carlisle Companies, Siam City Cement Company, CSR Roofing Contractors, Berkshire Hathaway, and Firestone Building Products Company.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is increased focus on efficiency and maintenance. Vendors are continuously upgrading and improving their offerings to remain competitive in the market. The increasing cost of compliance, intense competition, and aftermarket challenges have urged many vendors to improve their offerings. Vendors are focused on improving the efficiency of materials and reducing the total cost of ownership.”
According to the report, one driver in the market is increasing number of smart cities. The primary characteristic of a smart city is the proper integration of communication, information, and technology for daily operations of the city. These operations or functional areas are safety, security, telecommunication, governance, energy efficiency, and sustainability. The number of smart cities is on the rise in the world, especially in emerging economies. Developing nations are aided by private investors who collaborate with the government to develop smart cities. Currently, EMEA holds the world record for the highest number of smart cities.
Further, the report states that one challenge in the market is fluctuations in raw material prices. From 2011 to 2016, the construction industry has been supported by inexpensive metal input costs. The prices of aluminum and steel per tonne remained considerably low, owing to the Chinese oversupply. Manufacturers, in order to secure stable profit margins, offered aluminum and steel to buyers at competitive prices. The construction industry is anticipated to continue growing during the forecast period, driven by increasing residential and commercial construction activities and the growing preference toward metal roofs.
Braas Monier Building Group, Boral, Etex, Owens Corning, Saint-Gobain, Wienerberger, Atlas Roofing, American Hydrotech, Beacon Roofing Supply, Eagle Roofing, IKO Industries, Johns Manville, GAF, Multicolor Steels, Stramit, Carlisle Companies, Siam City Cement Company, CSR Roofing Contractors, Berkshire Hathaway, and Firestone Building Products Company.
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