Freedonia Us Roofing

Thus age related reroofing is the most significant driver of roofing demand in the us.

Freedonia us roofing.

Demand is provided in both area terms squares and value terms us dollars. The freedonia group is tracking recent developments and analyzing their impact in an easy to follow economic impact tracker. Shingles shakes and tiles. This freedonia industry study analyzes the 92 billion global roofing market.

It presents historical demand data 2007 2012 and 2017 and forecasts for 2022 and 2027 by market and application new residential residential reroofing new nonresidential and nonresidential reroofing and product bituminous tile rubber plastic fiber cement metal and other. This report forecasts to 2023 us metal roofing demand in squares one square equals 100 square feet. And corrugated panels and other metal products. Us roofing distributors sales are forecast to rise 5 4 per year to 20 billion in 2021.

Total demand is also segmented by market as follows. New commercial commercial reroofing new residential and residential reroofing to illustrate. The us has a significant number of homes and businesses with roofs that are at or near the end of their expected lifespans. It presents historical sales and demand data 2007 2012 and 2017 and forecasts for2022 and 2027 by product asphalt shingles metal roofing roofing tile wood shingles and shakes and other products market new construction and reroofing housing.

The south region of the us experienced a variety of severe weather events in 2016 causing widespread roofing damage. Total demand is segmented by product in terms of. The residential market which amounted to the larger share of roofing distributors sales will register rapid sales growth through 2021.