Steep Slope Roofing Material Market
Steep Slope Roofing Material Market Study By Asphalt Shingles, Tiles, Metal, Concrete, Slate, and Wood for New Construction and Re-roofing from 2024 to 2034
Analysis of Steep Slope Roofing Material Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Steep Slope Roofing Material Market Outlook (2024 to 2034)
The global steep slope roofing material market size is set to reach a valuation of US$ 15.12 billion in 2024. As per this latest industry analysis by Fact.MR, the market has been projected to expand at a CAGR of 3.3% to end up at US$ 20.92 billion by 2034.
When individuals consider designing or renovating a home, their focus is on the selection of a stylish house design with versatile functionality. One crucial aspect of this process is the choice of roofing materials, which play a vital role in constructing effective and efficient roofs. Increasing demand for steep slope roofs provides producers with insights into regional preferences and material requirements, thus driving steep slope roofing material market growth. Various roofing materials are available in the market, such as tiles, metal roofing, slate, concrete, and others. Each material possesses unique characteristics that appeal to varying consumer preferences across regions.
- The market in South Korea is projected to expand at a CAGR of 6.1% from 2024 to 2034.
A few of the key advantages of steel roofs include fire resistance, extended lifespan, and sustainability. Customers adore these qualities and actively prefer such roofing materials over other materials, paving the way for suppliers in the market to adapt to this demand and increase the supply of steel slope roofing materials.
Clay tile roofs are preferred due to their aesthetic looks; they also are proven to withstand threats such as wind, sun, snow, and hail, providing cost-effective solutions. Incorporated with these clay tiles allows houses to be cool during hot weather and warm during cold weather. This quality has made clay tiles popular in several countries where people are looking to regulate the temperature of houses during different seasons.
Other advantages of clay tiles are that they generally last 100 or more years with proper installation and maintenance. This makes them a preferred choice for consumers worldwide, thus contributing to the expansion of the steel slope roofing material market size.
Steep slope roofs also provide additional storage space in homes and allow homeowners to store items and create a more spacious and tidy living environment. These factors have directly influenced manufacturers of steep slope roofing materials by prompting them to better understand customer preferences and market demand for various materials.
| Report Attributes | Details |
|---|---|
| Steep Slope Roofing Material Market Size (2024E) | US$ 15.12 Billion |
| Forecasted Market Value (2034F) | US$ 20.92 Billion |
| Global Market Growth Rate (2024 to 2034) | 3.3% CAGR |
| Canada Market Growth Rate (2024 to 2034) | 2.5% CAGR |
| China Market Value (2034F) | US$ 4.04 Billion |
| North America Market Share (2024E) | 25.8% |
| East Asia Market Share (2034F) | 33.7% |
| Key Companies Profiled |
|
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What is Contributing to Steep Slope Roofing Material Market Expansion?
“Increasing Focus on Trendy Aesthetics for Homes”
Unlike a flat or a low steep roof, high steep slopes can escalate the building design by making it eye-catching for strangers passing by. Several roofing designs are available in the market such as terra-cotta and ceramic roofs, concrete tiles, slab roofs, EPDM roofing membranes, and metal roofs. These roofs have their characteristics and features that attract consumers seeking efficient roofing materials.
“Low Maintenance and Ease of Installation Associated with Fiber Shingles”
Steep slope roofs are designed for various functional purposes like shedding water, managing energy, providing storage space, ensuring spaciousness, and enhancing durability. Engineers focus on these factors to create versatile rooftops that serve multiple purposes.
Fiber-cement shingles are favored for their low maintenance, easy installation, durability, and resistance to pests. Engineers recognize these materials as highly beneficial for overall roof structure and cost-effectiveness. Additionally, materials like polymer/composite and slate are chosen by homeowners seeking alternatives.
Why is Demand for Steel Slope Roofing Materials Not Increasing as Fast as Expected?
“High Cost of Steep Slope Roofing Materials and Complex Maintenance Requirements”
Materials commonly used in steep slope roofing, such as slate, steel, and metals, offer versatile characteristics for various purposes. However, their high cost often limits the customer base to affluent individuals or the upper-middle class. Homeowners must frequently maintain these materials, which can be time-consuming.
For middle- and low-income households, use of such materials becomes prohibitive, thus limiting market growth. Another challenge faced by homeowners with steep roofs is the potential for runoff blockage caused by heavy equipment mounted on the roof, leading to clogged gutters due to debris.
Engineers in the industry are actively addressing these challenges and exploring innovative solutions to pave the way for market growth and profitability. They are focusing on providing customers with steep slope rooftops that are not only aesthetically pleasing but also weather resistant.
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Country-wise Evaluation
According to Fact.MR, the market in Japan is projected to expand at a CAGR of 4.3% from 2024 to 2034.
What is the Demand Outlook for Steep Slope Roofing Materials in the United States?
“Preference for Efficient Roofing Materials Capable of Addressing Snow-Related Issues”
| Attribute | United States |
|---|---|
| Market Value (2024E) | US$ 2.66 Billion |
| Growth Rate (2024 to 2034) | 4.2% CAGR |
| Projected Value (2034F) | US$ 4 Billion |
Demand for steep slope roofing materials in the United States has significantly risen over the years, driven by their versatile applications and the growing willingness among the population to install and maintain them. Due to the relatively cold climate in the United States, where snow accumulation is common, many customers prefer weather-resistant and easy-to-maintain steep slope roofing materials to address snow-related issues. These materials have gained dominance in the market for their year-round usability, thus benefiting suppliers.
Why is China Set to Offer Lucrative Opportunities to Market Players?
“Increasing Demand for Metal Shingles for Aesthetic and Traditional Appeal”
| Attribute | China |
|---|---|
| Market Value (2024E) | US$ 2.76 Billion |
| Growth Rate (2024 to 2034) | 3.9% CAGR |
| Projected Value (2034F) | US$ 4.04 Billion |
China is known for its rich cultural heritage and inclination towards the preservation of its traditions amidst modernization. Chinese manufacturers of steep slope roofing materials embrace this cultural legacy by incorporating traditional elements into rooftop designs to resonate with Chinese customers.
Metal shingles, favored for their aesthetic appeal, are highly sought after by Chinese consumers. Some opt for wooden roofing materials, reminiscent of ancient Chinese temples. With suppliers studying evolving customer preferences, the market is poised for further growth.
Category-wise Insights
Why Do Steel Slop Roofing Materials Find Extensive Use in New Constructions?
“Focus of Homeowners on Aligning Rooftop Design with Overall Aesthetics of House”
| Attribute | New Construction |
|---|---|
| Segment Value (2024E) | US$ 9.54 Billion |
| Growth Rate (2024 to 2034) | 3.4% CAGR |
| Projected Value (2034F) | US$ 13.26 Billion |
Homeowners worldwide prefer steep slope roofing materials for new construction projects, as they focus on aligning the rooftop design with the overall aesthetic of the house. However, these materials are less suitable for renovation of older homes. Customers opt for various laminates, including strips and heavy-weight options, to ensure moisture resistance and style. Therefore, new constructions occupy a leading steep slope roofing material market share.
Preference for stylish and unique rooftop designs in new constructions drives the demand for steep slope roofing materials. Suppliers have capitalized on this trend and shifted their focus towards new construction projects to target customers.
Know thy Competitors
Competitive landscape highlights only certain players
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Market Landscape
Key players in the steep slope roofing material market such as Tata BlueScope Steel, Dion Incorporation, and Bansal Roofing Products are following pivotal strategies such as product development, acquisitions, and mergers and collaborating with other regional players in consolidating their market position and surviving in the market.
They are investing in understanding the evolving steep slope roofing material market trends to advance their techniques and change their way of working according to the market preferences.
Key Segments of Steep Slope Roofing Material Market Research
-
By Material :
- Asphalt Shingles
- Tiles
- Metal
- Concrete
- Slate
- Wood
-
By End Use :
- New Construction
- Re-roofing
-
By Form :
- Strips
- Laminates
- Heavy-Weight Laminates
-
By Region :
- North America
- Latin America
- Europe
- East Asia
- South Asia & Oceania
- Middle East & Africa
- FAQs -
How big is the steep slope roofing material market size in 2024?
The global market for steep slope roofing materials stands at US$ 15.12 billion in 2024.
What is the projected revenue from steep slope roofing material sales for 2034?
By 2034, worldwide revenue from steep slope roofing material sales is projected to reach US$ 20.92 billion.
How fast are steep slope roofing material sales projected to increase?
Steep slope roofing material sales are forecasted to increase at 3.3% CAGR through 2034.
What is the sales forecast for the market in North America?
The market in North America is forecasted to increase at 3.5% CAGR from 2024 to 2034.
At what rate is the market projected to expand in East Asia?
The market in East Asia is projected to expand at a CAGR of 4.2% from 2024 to 2034.
At what rate are product sales forecasted to rise in Japan?
The market in Japan has been forecasted to rise at a CAGR of 4.3% from 2024 to 2034.
Steep Slope Roofing Material Market
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