North America Steel Roofing Market Size, Share & Trends Analysis Report By Application (Residential, Commercial, Industrial), By Country, And Segment Forecasts, 2023 - 2030
North America Steel Roofing Market Growth & Trends
The North America steel roofing market size is expected to reach USD 4.17 billion by 2030, according to a new report by Grand View Research, Inc. It is projected to expand at a CAGR of 3.9% from 2023 to 2030. Increasing awareness regarding green buildings coupled with favorable government regulations concerning the use of durable and energy-efficient materials in the construction sector is expected to drive the product demand.
The construction industry in North America has a notable impact on the demand for steel roofing as they are extensively utilized in residential, commercial, and industrial buildings. Steel roofs are long-lasting and durable building materials that provide significant energy saving to end-use applications, which is the major factor driving the market.
The demand is directly influenced by the rising population and the need for sustainable buildings along with product penetration in the market. Furthermore, adoption of energy codes and solar power in roofing systems across all end-use applications is projected to augment the growth in demand for steel roofing over the forecast period.
Market players are focused on adopting expansion strategies for increasing their market share. They engage in merger and acquisition activities for maintaining market leadership. However, fluctuation in the steel prices on global scale is anticipated to hamper the product demand in the fortchomign years.
North America Steel Roofing Market Report Highlights
- Commercial building application segment is projected to witness a CAGR of 4.2% in terms of revenue, from 2023 to 2030 owing to the ability of the product to reduce the heat flow, thereby decreasing the overall energy requirement
- Industrial application segment accounted for 39.3% of the regional share in terms of revenue in 2022, owing to the increasing investments in manufacturing industry coupled with favorable government policies for the industrial sector
- U.S. accounted for 81.0% of the regional market share in terms of revenue in 2022 due to the growing demand among business and homeowners for the installation of durable roofing materials resistant to damages caused by hailstorms and high winds
- Mexico is expected to grow at the fastest CAGR of 4.7% during the forecast period, owing to the continuous growth in the industrial sector, and factories.
- Major players in the North America steel roofing market are offering a wide range of products with various designs, surface finishes, and specifications, which aid the companies in obtaining a competitive edge
- Chapter 1. Methodology and Scope
- 1.1. Market Segmentation & Scope
- 1.1.1. Application
- 1.1.2. Regional scope
- 1.1.3. Estimates and forecast timeline
- 1.2. Research Methodology
- 1.3. Information Procurement
- 1.3.1. Purchased database
- 1.3.2. GVR’s internal database
- 1.3.3. Secondary sources
- 1.3.4. Primary research
- 1.3.5. Details of primary research
- 1.4. Information or Data Analysis
- 1.5. Market Formulation & Validation
- 1.6. Model Details
- 1.7. List of Secondary Sources
- 1.8. List of Primary Sources
- 1.9. Objectives
- Chapter 2. Executive Summary
- 2.1. Market Outlook
- 2.2. Segment Outlook
- 2.2.1. Application outlook
- 2.2.2. Regional outlook
- 2.3. Competitive Insights
- Chapter 3. North America Steel Roofing Market Variables, Trends & Scope
- 3.1. Market Lineage Outlook
- 3.2. Penetration & Growth Prospect Mapping
- 3.3. Value Chain Analysis
- 3.4. Regulatory Framework
- 3.5. Market Dynamics
- 3.5.1. Market driver analysis
- 3.5.2. Market restraint analysis
- 3.5.3. Industry opportunities & challenges
- 3.6. North America Steel Roofing Market Analysis Tools
- 3.6.1. Industry analysis - Porter’s
- 3.6.1.1. Supplier power
- 3.6.1.2. Buyer power
- 3.6.1.3. Substitution threat
- 3.6.1.4. Threat of new entrant
- 3.6.1.5. Competitive rivalry
- 3.6.2. PESTEL Analysis
- 3.6.2.1. Political landscape
- 3.6.2.2. Technological landscape
- 3.6.2.3. Economic landscape
- 3.6.2.4. Social landscape
- 3.6.2.5. Environmental landscape
- 3.6.2.6. Legal landscape
- Chapter 4. Supplier Portfolio Analysis
- 4.1. List of Suppliers
- 4.2. Kraljic Matrix
- 4.3. Sourcing Best Practices
- 4.4. Negotiation Strategies
- Chapter 5. North America Steel Roofing Market: Application Estimates & Trend Analysis
- 5.1. North America Steel Roofing Market: Key Takeaways
- 5.2. North America Steel Roofing Market: Movement & Market Share Analysis, 2022 & 2030
- 5.3. Residential
- 5.3.1. Residential market estimates and forecasts, 2018 to 2030, (Million Square Meters, USD Million)
- 5.4. Commercial
- 5.4.1. Commercial market estimates and forecasts, 2018 to 2030, (Million Square Meters, USD Million)
- 5.5. Industrial
- 5.5.1. Industrial market estimates and forecasts, 2018 to 2030, (Million Square Meters, USD Million)
- Chapter 6. North America Steel Roofing Market: Regional Estimates & Trend Analysis
- 6.1. Regional Outlook
- 6.2. North America Steel Roofing Market by Region: Key Takeaway
- 6.3. North America
- 6.3.1. Market estimates and forecasts, 2018 - 2030 (Volume, Million Square Meters; Revenue, USD Million)
- 6.3.2. U.S.
- 6.3.2.1. Market estimates and forecasts, 2018 - 2030 (Volume, Million Square Meters; Revenue, USD Million)
- 6.3.3. Canada
- 6.3.3.1. Market estimates and forecasts, 2018 - 2030 (Volume, Million Square Meters; Revenue, USD Million)
- 6.3.4. Mexico
- 6.3.4.1. Market estimates and forecasts, 2018 - 2030 (Volume, Million Square Meters; Revenue, USD Million)
- Chapter 7. Competitive Landscape
- 7.1. Recent Developments & Impact Analysis, by Key Market Participants
- 7.2. Market Participant Categorization
- 7.2.1. Metal Sales Manufacturing Corporation
- 7.2.1.1. Company overview
- 7.2.1.2. Financial performance
- 7.2.1.3. Product benchmarking
- 7.2.1.4. Strategic initiatives
- 7.2.2. Reed's Metals
- 7.2.2.1. Company overview
- 7.2.2.2. Financial performance
- 7.2.2.3. Product benchmarking
- 7.2.2.4. Strategic initiatives
- 7.2.3. Ideal Roofing
- 7.2.3.1. Company overview
- 7.2.3.2. Financial performance
- 7.2.3.3. Product benchmarking
- 7.2.3.4. Strategic initiatives
- 7.2.4. ATAS International, Inc.
- 7.2.4.1. Company overview
- 7.2.4.2. Financial performance
- 7.2.4.3. Product benchmarking
- 7.2.4.4. Strategic initiatives
- 7.2.5. CertainTeed
- 7.2.5.1. Company overview
- 7.2.5.2. Financial performance
- 7.2.5.3. Product benchmarking
- 7.2.5.4. Strategic initiatives
- 7.2.6. Owens Corning
- 7.2.6.1. Company overview
- 7.2.6.2. Financial performance
- 7.2.6.3. Product benchmarking
- 7.2.6.4. Strategic initiatives
- 7.2.7. TAMKO Building Products LLC
- 7.2.7.1. Company overview
- 7.2.7.2. Financial performance
- 7.2.7.3. Product benchmarking
- 7.2.7.4. Strategic initiatives
- 7.2.8. American Buildings Co.
- 7.2.8.1. Company overview
- 7.2.8.2. Financial performance
- 7.2.8.3. Product benchmarking
- 7.2.8.4. Strategic initiatives
- 7.2.9. BlueScope
- 7.2.9.1. Company overview
- 7.2.9.2. Financial performance
- 7.2.9.3. Product benchmarking
- 7.2.9.4. Strategic initiatives
- 7.2.10. DECRA Roofing Systems, Inc.
- 7.2.10.1. Company overview
- 7.2.10.2. Financial performance
- 7.2.10.3. Product benchmarking
- 7.2.10.4. Strategic initiatives
- 7.2.11. OmniMax International, Inc.
- 7.2.11.1. Company overview
- 7.2.11.2. Financial performance
- 7.2.11.3. Product benchmarking
- 7.2.11.4. Strategic initiatives
- 7.2.12. Sunlast Metal
- 7.2.12.1. Company overview
- 7.2.12.2. Financial performance
- 7.2.12.3. Product benchmarking
- 7.2.12.4. Strategic initiatives
- 7.2.13. Coastal Metal Service
- 7.2.13.1. Company overview
- 7.2.13.2. Financial performance
- 7.2.13.3. Product benchmarking
- 7.2.13.4. Strategic initiatives
- 7.2.14. Worthouse
- 7.2.14.1. Company overview
- 7.2.14.2. Financial performance
- 7.2.14.3. Product benchmarking
- 7.2.14.4. Strategic initiatives
- 7.2.15. Boral North America
- 7.2.15.1. Company overview
- 7.2.15.2. Financial performance
- 7.2.15.3. Product benchmarking
- 7.2.15.4. Strategic initiatives
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