Roofing Industry Outlook 2018

Demand for roofing expected to grow one percent annually through 2021 1.

Roofing industry outlook 2018.

Industry statistics cover all companies in the united states both public and private ranging in size from small businesses to market leaders in addition to revenue the industry market analysis shows information on employees companies and average firm size. Buttressed by new home construction and storm related damage repairs u s. X x lock purchase this report or a membership to unlock the average company profit margin for this industry. Is expected to grow at a compound annual growth rate cagr of 4 9 to reach 19 9 billion in 2021 according to a new white paper by the freedonia group a leading international business research company.

A few groups including the united union of roofers waterproofers allied workers and some contractor associations sponsor apprenticeship programs for roofers. Roofing industry outlook for 2018 and beyond boosted by an increase in single family housing starts and the rising need for storm resistant products the demand for roofing in the u s. By sarah schmidt on october 1 2018. The 2018 report includes information from roofing contractor s exclusive survey of residential and commercial contractors that focused on sales marketing trends and identifying key problems facing the roofing industry.

Is expected to grow at a compound annual growth rate cagr of 4 9 to reach 19 9 billion in 2021 according to a new white paper by the freedonia group a leading international business research company. Boosted by an increase in single family housing starts and the rising need for storm resistant products the demand for roofing in the u s. As we look ahead to 2018 amid a strengthening economy demand for roofing materials remains steady with u s. Market size industry statistics.

Roofing contractors are now in their fourth consecutive year of improved profitability and double digit increases in. The consumption of roofing market is highest in the asia pacific region due to rise in urban population and industrialization. Aging homes a more favorable lending environment and increases in housing starts will help buoy that demand. Roofing contractors in the us industry trends 2015 2020 roofing contractors in the us industry outlook 2020 2025 poll average industry growth 2020 2025.

Roofing industry outlook for 2018 and beyond. The utilization of roofing systems is on a rise owing to increase in focus on energy efficient construction and the ever increasing demographic shift toward urbanization. What are the estimated growth trends and market forecast 2019 2025. What will be the cagr of roofing system market during the.

Roofing contractor s annual state of the industry report will explore key trends in the residential and commercial roofing markets review highlights from 2017 and provide a comprehensive outlook for the year ahead.