Smaller New Roofing Section Will Account for the Greater Share of Residential Roofing Market place Gains As a result of 2025

Smaller New Roofing Section Will Account for the Greater Share of Residential Roofing Market place Gains As a result of 2025

CLEVELAND, March 31, 2022 /PRNewswire/ — A new Freedonia Group evaluation finds that advancement in the US residential roofing current market will be driven by the lesser new housing segment via 2025. When both equally new and reroofing desire will gradual significantly from charges of the 2015-2020 period of time, the analysis finds that new roofing – significantly design of solitary-family members households – will account for about twice as quite a few gains as reroofing:

  • Housing commences rose sharply in 2021 from an currently superior 2020 base as builders took gain of people’s motivation to escape city cores seriously affected by COVID-19 and increased development of households in suburban and exurban regions.
  • Even though housing starts off will retreat from their significant 2021 stage by 2025, in general new housing action will remain elevated, sustaining new roofing desire.

Reroofing Industry Development Stalls Pursuing Pandemic-Pushed Surge

The reroofing industry will carry on to account for virtually 80% of the demand from customers complete, but development as a result of 2025 will be confined by the large variety of more mature or worn roofs that ended up repaired or changed in 2020 because of to:

  • the sizable amount of money of dwelling advancement exercise that occurred that yr owing to the COVID-19 pandemic
  • a number of intense weather conditions situations in the 2nd 50 percent of 2020 (particularly in the South) that brought about widespread roof problems

These residences that underwent roof maintenance or substitute in 2020 will frequently not require additional perform in the in the vicinity of term, which will restrain growth chances likely ahead.

Want to Learn More?

Household Roofing, now offered from The Freedonia Group, analyzes US household roofing demand by solution, software (new vs. reroofing), slope (steep-slope vs. small-slope), and US geographic area. Need is offered in each place phrases (squares) and value phrases (US pounds).

Roofing merchandise demand is segmented by the pursuing products styles:

  • asphalt shingles
  • steel roofing
  • bituminous roofing
  • roofing tile
  • wooden shingles and shakes
  • other little quantity roofing solutions (e.g., pure slate composite (polymer)/artificial shingles, shakes, and tiles solar roofing vegetative or green roofing)

Demand from customers for roofing is also analyzed by housing sort:

  • solitary-relatives housing
  • multifamily housing
  • produced housing

About the Freedonia Team – The Freedonia Group, a division of MarketResearch.com, is the premier international industrial exploration enterprise, providing our clientele with solution analyses, market place forecasts, marketplace trends, and market place share details. From just one-individual consulting firms to international conglomerates, our analysts offer corporations with impartial, trustworthy business current market study and analysis to aid them make essential company choices. With above 100 research released each year, we assist over 90% of the industrial Fortune 500 firms. Uncover off-the-shelf experiments at https://www.freedoniagroup.com/ or get hold of us for tailor made analysis: +1 440.842.2400.

Press Get in touch with:
Corinne Gangloff
+1 440.842.2400
[email protected]

Resource The Freedonia Group