Rapid growth in the infrastructure & construction activities and gaining economic stability in Asia Pacific region.
Roofing Systems Market
Global Roofing Systems Market: Overview
During the construction of any building, it is most important for a roofing contractor, building owner, and design professional to choose right commercial roofing system. This right choice of roofing system will protect the investments for decades; however, wrong roofing system may cause early tear-off, costly repairs, re-roofing and damage to the building and its contents. The roofing system is used to cover buildings and tanks. It is designed to prevent leaks and move water off from the roof surface. It is most commonly used in the residential and commercial applications.
Global Roofing Systems Market: Growth Factors
The growth of the market is mainly due to grow constructional activities. Increasing government concerns regarding green roofing and zero energy building codes provide immense growth opportunities to the roofing systems. Exponential growth in the population and rapid urbanization is expected to boost the demand in the near future. The rise in the global commercial, constructional and residential projects anticipate augmenting the global roofing systems market growth. New constructions and remodeling are positively impacting the growth of the global market.
Global Roofing Systems Market: Segmentation
The global roofing systems market is categorized based on products such as tiles, shakes, sheets and shingles & plates. Of these, shingles & plates are the leading segment and are widely preferred owing to its low cost and easy installation techniques. It is the most durable product and can last up to 30 to 40 years. Based on end-user, the global market is classified as non-residential and residential. Of these, the residential sector is dominating among others. The non-residential sector includes commercial, industrial and other applications. Furthermore, the global market is segmented on the basis of materials which include plastic, concrete, clay, asphalt and metal. Geographically, the global market is segmented as North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.
Global Roofing Systems Market: Regional Analysis
Asia-Pacific region emerged as the most attractive market for the roofing systems. Rapid growth in the infrastructure & construction activities and gaining economic stability are major reasons responsible for the market growth in this region. Developing countries such as India, China, and Japan show a potential growth due to increase in the government projects and infrastructure activities. Asia-Pacific is expected to see new constructions and infrastructure developments in the near future. North America is following the same trend, increasing preference of consumers for luxurious buildings anticipate to boost the global roofing systems market growth. Increasing disposal income and spending power of the customers in this region augment the global market growth. Latin America is another region which is contributing its share towards the market growth.
Global Roofing Systems Market: Competitive Players
Some of the key players in the global roofing systems market include Atlas Roofing Corporation, CSR Limited, Carlisle Companies Incorporated, Berkshire Hathaway, Inc., The Siam Cement Public Company Limited and Owens Corning. Other key players influencing the global market are Boral Limited, Compagnie de Saint Gobain SA, Braas Monier Building Group SA and Etex Group NV.
Global Roofing Systems Market: Regional Segment Analysis
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