Residential Roofing Industry
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On the basis of end use residential roofing can be segmented as reroofing and new construction roofing.
Residential roofing industry. The freedonia group is tracking recent developments and analyzing their impact in an easy to follow economic impact tracker. Roofing offers protection from heat rain and other atmospheric conditions. Us demand for residential roofing products is forecast to advance 4 0 percent per year to 147 million squares in 2020 valued at 10 4 billion. Fortunately the roofing industry as a whole has been developing education and training initiatives to address the situation ever since the great recession.
Historically reroofing dominated the global residential roofing market and the trend is expected to continue. The market share consumption rate and estimated growth rate of each application fragment are mentioned. Residential roofing product demand is segmented by the following product types. As per the report the application landscape of the residential roofing industry market is bifurcated into asphalt shingles roofing metal roofing elastomeric roofing built up roofing modified bitumen roofing andothers.
Bitumen ceramic coated granules clay sand fiberglass concrete and polycarbonate are used for the construction of roofs in residential and commercial buildings such as offices hotels and educational institutes. For now the most important thing that you can do as a homeowner is to be informed and aware of all the factors outlined in this article. Residential roofing market global industry analysis size share growth trends and forecast 2013 2019.
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