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 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).

Metal is the strongest and most durable material compared to other materials like wood, plastic, or glass. A metal roof is designed to withstand strong winds, debris (such as leaves and sticks), rain, snow, hail, mold, mildew, rodents, and other animals. If the roof is installed correctly, it must be inspected. Metal roofs are environmentally friendly because they can reflect infrared and UV rays from the sun, which contribute to radiant heat on the roof surface. They last longer, are more durable and are easier to install. However, the increasing investment and capital associated with this roofing technique may hinder the growth of the industry to some extent.

Most metals are easily recyclable and can be recycled into new products. Metal coils and sheets are two types of metal roofing components, such as panels, which are roll-formed sections of metal coils that can be bent to meet any profile. A seam is formed by joining two metal plates to one side rib. Metal panels are shaped in profiles and the technology used to create the shapes using coils is called roll-forming equipment. Metal roofing includes steel roofing, copper roofing and aluminum roofing. Copper roofing is a popular choice for roofing. Because each material has advantages and limitations, they are used according to the wishes of the consumer. The constantly rising urbanization and construction sector around the world is a primary driver of the Metal Roofing Market. Building technological developments and expanded material diversity are boosting demand for Metal Roofing for buildings. Furthermore, people's changing lifestyles and increased disposable income have resulted in building renovations, which is driving the market forward.

Also, increasing demand and low-lifecycle cost of green building materials, as well as the growing construction sector and government initiatives for green building materials, are key drivers fueling the growth of the metal roofing market. Additionally, the use of solar panels and energy codes are influencing the metal roofing market. As metal roofing offers huge energy savings, increasing the use of metal roofing in commercial and residential structures is driving the metal roofing market. However, metal roofing is more expensive than metal roofing, which is estimated to hinder the growth of the metal roofing industry. Long-term durability, environmental friendliness, and high energy efficiency of metal roofing are still expected to be positive factors in the market.

US Metal Roofing Market is poised to grow at a sustainable CAGR for the next forecast year.