Roofing Market Size, Share, Trends & Growth Forecast | 2034

Insight Pro Analytic
Jun 25
5 min read

roofing-market-size-share-trends-growth-forecast-2034

Roofing Market Outlook

According to the report by Expert Market Research (EMR), the global roofing market attained a value of USD 133.51 billion in 2024, driven by robust demand across the residential, commercial, and industrial construction sectors. As infrastructure development accelerates globally, particularly in emerging economies, the demand for durable, energy-efficient, and sustainable roofing materials is rising significantly. The market is projected to grow at a CAGR of 4.70% during the forecast period of 2025 to 2034, reaching an estimated value of USD 211.34 billion by 2034.

Roofing systems are critical components in any building structure, serving functional and aesthetic roles by offering protection against weather conditions, enhancing energy efficiency, and improving the architectural appeal. With growing urbanisation, rising disposable incomes, and increasing investments in infrastructure and smart city projects, the roofing market is poised for consistent expansion in the coming years.

Roofing Market Size

The global roofing market’s size reflects its indispensable role in the global construction ecosystem. Valued at USD 133.51 billion in 2024, the market size is underpinned by a surge in residential construction, renovation projects, and the adoption of advanced roofing systems in commercial establishments. The residential sector, in particular, holds a significant share of the roofing market, owing to the rising number of single-family housing units, urban housing projects, and repair and refurbishment activities across developed and developing regions.

The commercial and industrial sectors are also contributing to the market size, supported by rapid construction of office complexes, warehouses, factories, and shopping centres. Government investments in public infrastructure, such as schools, hospitals, transportation facilities, and utilities, further elevate the market's expansion prospects.

Roofing Market Share

As of 2024, Asia Pacific holds the largest share of the global roofing market, led by countries like China, India, and Southeast Asian nations. The region benefits from high levels of construction activity, increasing urbanisation, and supportive government policies aimed at boosting infrastructure development. China remains a dominant force due to its extensive residential and commercial real estate sectors.

North America and Europe also account for significant shares, driven by advancements in roofing materials, stringent energy-efficiency regulations, and a mature construction industry. In these regions, there is a growing emphasis on sustainable and recyclable roofing products, contributing to market share shifts toward eco-friendly solutions. Additionally, Latin America and the Middle East & Africa are emerging markets, where rising population and infrastructure gaps present lucrative growth opportunities.

Download a free sample report, complete with the Table of Contents - https://www.expertmarketresearch.com/reports/roofing-market/requestsample

Roofing Market Trends

The global roofing market is witnessing several transformational trends:

Green and Cool Roofing Solutions: Eco-friendly roofing, including green roofs and cool roofs, is gaining momentum in response to climate change concerns. These systems help reduce the urban heat island effect and enhance energy efficiency.

Rising Use of Metal Roofing: Metal roofing systems, known for their durability, fire resistance, and recyclability, are becoming increasingly popular in both residential and industrial segments.

Technological Integration: Smart roofing technologies such as solar-integrated roofs and sensors for leak detection are increasingly being adopted, particularly in developed economies.

Innovative Roofing Materials: The demand for advanced materials like thermoplastic polyolefin (TPO), ethylene propylene diene terpolymer (EPDM), and modified bitumen is increasing due to their long life, UV resistance, and low maintenance requirements.

Focus on Energy Efficiency: With stricter building energy codes, there is a shift towards roofing systems that enhance insulation, reduce energy consumption, and support renewable energy generation.

Drivers of Growth

Several factors are fueling the growth of the global roofing market:

Construction Sector Expansion: The primary driver is the booming construction industry worldwide, especially in developing nations investing heavily in infrastructure, housing, and commercial developments.

Urbanisation and Population Growth: Rising global population and the subsequent increase in urban housing demand are contributing to increased roofing installations and replacements.

Climate Change and Environmental Concerns: The emphasis on sustainable building practices and materials is encouraging the adoption of environmentally friendly and energy-efficient roofing systems.

Technological Advancements: Innovations in roofing materials and installation technologies are making modern roofing systems more durable, cost-effective, and versatile.

Government Initiatives: Public infrastructure development initiatives and supportive regulatory frameworks promoting energy conservation are further propelling the demand for advanced roofing solutions.

Technology and Advancements

The roofing industry is undergoing technological evolution aimed at improving efficiency, sustainability, and performance. Significant advancements include:

Solar Roofing: Integrated photovoltaic systems are gaining traction as governments incentivize solar energy adoption. Solar roofs not only provide shelter but also contribute to power generation, particularly in residential and commercial buildings.

Cool Roof Technology: Reflective roofing materials that reduce heat absorption are being adopted to reduce cooling costs and combat urban heat effects.

3D Printing and Prefabrication: Advanced manufacturing methods like 3D printing are being explored to produce customised roofing components more efficiently.

Drones and AI for Inspection: In commercial and industrial settings, drones are being used to survey roofs for maintenance and inspection, while AI-driven software supports predictive analytics for lifecycle management.

These technologies are enhancing the performance of roofing systems and improving their lifecycle cost, which is expected to drive further adoption.

Roofing Market Segmentation

The market can be divided based on type, application, roof type, and region.

Breakup by Type

Asphalt Shingles
Metal
Tiles
Wood Shingles
Green Roofs
Others

Breakup by Application

Residential
Commercial

Installation Cost by Roof Type

Asphalt Shingles
Metal
Tiles

Breakup by Region

North America
Europe
Asia Pacific
Latin America
Middle East and Africa

Competitive Landscape

Some of the major players explored in the report by Expert Market Research are as follows:

Carlisle Companies
Owens Corning
BMI Group
Saint Gobain
Wienerberger AG
Beacon Roofing Supply, Inc.
Duro-Last, Inc.
Atlas Roofing Corporation
Sika AG
GAF Materials LLC
Others

Challenges and Opportunities

Despite the optimistic outlook, the global roofing market faces several challenges:

Fluctuations in Raw Material Prices: Volatility in prices of materials like asphalt, metal, and polymers can affect profit margins and project costs.

Labour Shortages: The construction industry, including roofing, is experiencing skilled labour shortages in several regions, affecting timelines and quality of installations.

Environmental Regulations: Compliance with changing environmental standards requires continuous adaptation and investment in sustainable technologies.

Nonetheless, the market presents numerous opportunities:

Emerging Markets: Africa, Southeast Asia, and Latin America offer significant growth potential due to underdeveloped infrastructure and increasing investments in housing.

Retrofit and Refurbishment Projects: Ageing infrastructure in North America and Europe is driving demand for roof repair and replacement, contributing to market growth.

Smart Cities and Green Building Norms: As cities invest in smart and sustainable infrastructure, demand for technologically advanced roofing systems is expected to surge.

Roofing Market Forecast

Looking ahead, the global roofing market is projected to maintain steady growth, supported by macroeconomic stability, growing awareness of sustainable building practices, and technological integration. The market is expected to grow at a CAGR of 4.70% from 2025 to 2034, reaching approximately USD 211.34 billion by 2034.

The focus on energy-efficient and resilient infrastructure, particularly in climate-sensitive regions, will continue to influence product innovation and adoption. Manufacturers and stakeholders in the roofing industry are likely to prioritise materials and systems that offer long-term value, reduced environmental footprint, and compliance with global green building certifications.