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The metal roofing market share is expected to increase by USD 2.67 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 4.24%.
This metal roofing market research report provides valuable insights on the post-COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentation by end-user (residential and non-residential) and geography (North America, Europe, APAC, South America, and MEA). The metal roofing market report also offers information on several market vendors, including ABC Supply Co. Inc., ATAS International Inc., Atlas Roofing Corp., BHP Group plc, Compagnie de Saint-Gobain SA, DECRA Roofing Systems Inc., EDCO Products Inc., GAF Materials LLC, Sika AG, and Tata Steel Ltd., among others.
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The advantages of metal roofing systems are notably driving the metal roofing market's growth, although factors such as multiple benefits of green roofs may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic's impact on the metal roofing industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Metal Roofing Market Driver
Metal roofing offers several advantages and material choices, such as steel, aluminum, copper, zinc, and tin. It also provides several advantages such as longevity, durability, safety, energy efficiency, and is environmentally friendly. Metal roofing has a better life expectancy than traditional asphalt roofing materials. Metal roofing is more durable as compared to other roofing such as asphalt. Metal roofs are safe and will not spark and ignite into flames during a wildfire or lightning strike. Metal roofs reflect the ultraviolet (UV) and infrared light rays that contribute to the roof surface reducing cooling costs. They are considered one of the most energy-efficient roofing materials and can save homeowners substantial energy costs. Metal roofs, depending on the material used, are also completely recyclable at the end of their life as a roof. Thus, the advantages of metal roofing systems will drive the metal roofing market growth during the forecast period.
Key Metal Roofing Market Challenge
Materials used to construct buildings such as concrete and steel absorb solar energy to dissipate it as heat. Green roofs on top of building materials have the inherent characteristics of absorbing solar energy. Thus, green roofs cause a cooling effect, which requires less energy spent on air conditioning, implying cost savings for buildings with green roofs. Green roofs are installed on a waterproof membrane. This waterproofing membrane helps in protecting the roof from elements of the weather. Therefore, the lifespan of green roofs is significantly more. Green roofs can improve air quality as they can remove carbon dioxide, carbon monoxide, and suspended particulate matter from the air. Thus, green roofs may act as a substitute for metal roofing and hinder the metal roofing market growth during the forecast period.
This metal roofing market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
This statistical study of the metal roofing market encompasses successful business strategies deployed by the key vendors. The metal roofing market is fragmented, and the vendors are deploying several organic and inorganic growth strategies to compete in the market.
To make the most of the opportunities and recover from the post-COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments while maintaining their positions in the slow-growing segments.
The metal roofing market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Executive Summary
Market Landscape
Market Sizing
Five Forces Analysis
Market Segmentation by End-user
Customer landscape
Geographic Landscape
Vendor Landscape
Vendor Analysis
Appendix
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