What is the global market size of Metal Roofing Market?

Global Metal Roofing Market size was valued at USD 24.58 billion in 2021 and is poised to grow from USD 25.44 billion in 2022 to USD 33.5 billion by 2030, growing at a CAGR of 3.5% in the forecast period (2023-2030).

Metal Roofing Market Size, Share, Growth Analysis, By Product Type(Steel Roofing, Copper Roofing, Aluminium Roofing, and Others), By Application(Residential, Commercial, and Industrial), By Region - Industry Forecast 2024-2031

Q: Who are the key vendors in the Global Metal Roofing Market?

The global Metal Roofing Market is fragmented and highly competitive. Key industry players are focused on product developments, new product launches, and geographical expansions to gain a significant amount of market share. 'ATAS International Inc.', 'BlueScope Steel Limited', 'CertainTeed Corporation', 'Englert Inc.', 'Ideal Roofing Co. Ltd.', 'Kingspan Group plc', 'McElroy Metal Inc.', 'Metal Sales Manufacturing Corporation', 'NCI Building Systems Inc.', 'Nucor Corporation', 'Owens Corning', 'Saint-Gobain S.A.', 'Tata Steel Limited', 'The Garland Company Inc.', 'The OmniMax International Inc.', 'Union Corrugating Company', 'Vicwest Inc.', 'Westform Metals Inc.', 'Zappone Manufacturing LLC', 'Zamil Steel Holding Company Limited'.

Report ID: SQMIG25G2004 | Region: Global | Published Date: February, 2024
Pages: 242 | Tables: 64 | Figures: 75

Metal Roofing Market Dynamics

Metal Roofing Market Drivers

Increase in Residential Construction

Metal roofs are commonly used in homes because they can withstand any type of weather, are more durable, and metals like galvanized steel are fireproof and won't burn in the event of a fire. The increasing number of housing projects has favorably affected the demand for metal roofing.

A growing number of infrastructure projects

Emerging economies, rapid urbanization, and technical breakthroughs have resulted in increased infrastructure development in countries, which has influenced the use of metals in roofing applications positively.

Metal Roofing Market Restraints

High cost of metal roofs

Compared to other roofing systems, metal roofing installation requires special training, knowledge, tools, and equipment. As a result of such stringent requirements, the installation cost of metal roofs is two to three times that of other roofing materials such as asphalt, clay and concrete. As a result, some consumers, especially in the residential market, find metal roofs less affordable. The high cost of metal roofing encourages the use of low-cost alternatives, which may hamper the growth of the metal roofing market.

Metal Roofing Market Report Snapshots

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Metal Roofing Market size was valued at USD 24.58 billion in 2019 and is poised to grow from USD 25.44 billion in 2023 to USD 33.5 billion by 2031, growing at a CAGR of 3.5% in the forecast period (2024-2031).

The Metal Roofing Market is fragmented and highly competitive. Key industry players are focused on product developments, new product launches, and geographical expansions to gain a significant amount of market share. 'ATAS International Inc.', 'BlueScope Steel Limited', 'CertainTeed Corporation', 'Englert Inc.', 'Ideal Roofing Co. Ltd.', 'Kingspan Group plc', 'McElroy Metal Inc.', 'Metal Sales Manufacturing Corporation', 'NCI Building Systems Inc.', 'Nucor Corporation', 'Owens Corning', 'Saint-Gobain S.A.', 'Tata Steel Limited', 'The Garland Company Inc.', 'The OmniMax International Inc.', 'Union Corrugating Company', 'Vicwest Inc.', 'Westform Metals Inc.', 'Zappone Manufacturing LLC', 'Zamil Steel Holding Company Limited'

Metal roofs are commonly used in homes because they can withstand any type of weather, are more durable, and metals like galvanized steel are fireproof and won't burn in the event of a fire. The increasing number of housing projects has favorably affected the demand for metal roofing.

The metal roofing market will benefit from the growing demand for green building materials. The use of solar panels in large and small industries as well as at home will significantly impact the metal roofing industry. Metal roofing offers significant energy savings, so its use in residential buildings will create market potential. Furthermore, the growing preference for metal roofing over conventional methods will present a significant opportunity for the market throughout the forecast period. Eco-friendliness and superior energy efficiency of metal roofing is predicted to open up new opportunities for the industry.

The Asia Pacific region is expected to hold the largest market share. This is because of the expansion of infrastructure in the industrial and commercial sectors, particularly in developing economies such as China and India. Also, the expanding urbanization of the region is driving the metal roofing market. Due to the high standard of living in the region supporting building renovations,

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Metal Roofing Market Size, Share, Growth Analysis, By Product Type(Steel Roofing, Copper Roofing, Aluminium Roofing, and Others), By Application(Residential, Commercial, and Industrial), By Region - Industry Forecast 2024-2031

Metal Roofing Market Dynamics

Metal Roofing Market Report Snapshots

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What is the market size of Metal Roofing Market?

Who are the key vendors in the Metal Roofing Market?

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