Commercial Roofing Market Size and Growth Rate:
As per the latest reports published by Research Cosmos, Commercial Roofing Market was valued at USD xx billion in 2017 and projected to reach USD xx million by 2023 growing at a CAGR of xx% during the forecast period 2018 to 2023.
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Commercial Roofing Market Growth Drivers and Restraints:
The commercial roof market is a crucial element of the construction sector, despite being one of the most affected segments of the economic slowdown. In general, the market has presented positive opportunities in recent years. However, it is currently difficult to comply with the recent energy conservation guidelines. The application of strict building codes in major economies has also threatened to some extent the development of the market. To meet the expectations of the owners, manufacturers focus on high performance commercial roofing materials developed with better reflectivity and insulation characteristics.
The market is expected to benefit considerably from the expansion of the construction sector. The increase in consumer disposable income and the increase in commercialization are other factors announced to complement the growth of the global market. Despite a generally positive trend, the fluctuation in the prices of certain energy sources used during the manufacturing process could limit the prospects for market growth. For example, volatility in crude oil prices is identified as a major restriction for the market.
However, the increasing use of roofing products in the construction of green buildings offers immense market opportunities. Advanced commercial roofing products are increasingly in demand because they would have a relatively low environmental impact and, therefore, are the main factors of recent changes in the building design process. Other limitations and opportunities are explored in detail than those mentioned above and those that are expected to have a profound impact on the global market for commercial roofs.
Geographical Analysis of Commercial Roofing Market:
At the regional level, the main market segments are Asia-Pacific, North America, Europe and the rest of the world. Among these regions, the North American market is expected to experience the greatest demand for commercial roofs, followed by Europe. However, the expansion of the construction market in emerging countries such as India and China has resulted in greater penetration in the Asia-Pacific market.
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Key Players of Commercial Roofing Market:
Some of the most prominent enterprises operating in the global commercial roofing market are CertainTeed Corporation, Roofscapes Inc., Atlas Roofing, Weston Solutions Inc., Genflex Roofing Sytems, and Building Products of Canada.
Commercial Roofing Market Segmentation:
By Building Type:
· Low slopped roofing
· Steep slopped roofing
By Material Type:
· Modified bitumen materials
· Spray polyurethane foam
· Built up roofing
· North America
· South America
· Asia Pacific
· Middle East and Africa
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