Residential Roofing

Residential Roofing

US demand for residential roofing products is anticipated to see annual growth of 4.0 percent through 2020. Gains will come from strong growth in new housing activity and the efforts of homeowners to replace older or worn roofs with new products that are not only more durable, but also enhance the exterior appearance of a residence.

Asphalt Shingles Will Remain Leading Residential Roofing Product
Residential Roofing products covered by the study include:
Asphalt Shingles
Metal Roofing
Roofing Tiles
Wood Shingles and Shakes
Other Products (polymer, slate, and other products)
Low-Slope Products

Asphalt shingles accounted for the largest share of residential roofing demand in 2015 and will remain the leading residential roofing product in 2020. Demand will be supported by continuing consumer interest in laminated, or architectural, shingles that create a textured appearance seen as aesthetically pleasing. However, metal roofing and roofing tiles will see faster growth. These products are highly resistant to storm damage and can be used as cool roofing materials, boosting their use in the populous South region of the US.

Reroofing Activities Dominate Demand
Markets analyzed in this study include:
Residential (New & Reroofing) by Building Type:
Single-Family Housing
Multifamily Housing
Manufactured Housing

Reroofing activity dominated residential roofing demand in 2015 and will continue to do so going forward. Everyday wear and tear and exposure to the elements can cause damage and degradation to roofing materials. Furthermore, severe weather conditions can necessitate the partial, if not full, replacement of residential roofs. Such events as hurricanes and are accompanied by high winds, hail, and heavy rainfalls that can cause roofing materials to become damaged or torn away altogether.

Asphalt Shingle Manufacturers Hold Commanding Market Shares
Firms playing an important part in the industry include Atlas Roofing, Boral Roofing, CertainTeed, Eagle Roofing, GAF Materials, IKO Group, Malarkey Roofing Products, Owens Corning, and TAMKO.

Scope of the Report
This report covers the scope, size, and growth of the US residential roofing market including key trends in product usage and regional market analysis. Historical data is provided for 2005, 2010, and 2015 with forecasts for 2020 and 2025 with year by year historical market volatility also addressed. Demand is broken out by US region and sub-region. Data is provided in value and area terms. The study also includes an analysis of the industry key players and their market shares.