Due to the expanding construction sector, as well as rising urbanisation and industrialization, the metal roofing market is anticipated to have considerable expansion during the forecast period. 68.0% of the world's population is predicted to live in urban areas by the end of 2050, up from 55.0% in 2018, according to publications from the UN Department of Economic and Social Affairs. Over the projected period, demand for metal roofing is also anticipated to rise due to a number of benefits including durability, fireproofing, and wind resistance. Over the course of the forecast period, however, it is anticipated that high installation costs and prompt maintenance related to its strong corrosive characteristic will significantly impede the growth of the worldwide metal roofing market. Due to the rising population, continuous urbanisation, and expansion of the building industry in the region, Asia Pacific is anticipated to have considerable growth in the metal roofing market during the course of the projected period.
According to Coherent Market Insights, The market for Metal Roofing was estimated at $23.8 billion in 2020, and it is anticipated to expand to $33.5 billion by 2030, with a CAGR of 3.5%.
Leading Companies in the Metal Roofing Industry:
1. NCI Building Systems, Inc.
The company was founded in 1984 and has its main office in Houston, Texas. One of the biggest integrated producers of metal products for the nonresidential building sector in North America is NCI Building Systems, Inc. One of the biggest integrated producers of metal products for the nonresidential building sector in North America is NCI Building Systems, Inc.
2. Ideal Roofing
The firm was started in 1929 and is based in Ontario, Canada. The main commercial, industrial, and domestic projects that Ideal Roofing installs metal roof systems on all have metal roofs. Manufacturing sheet metalwork goods is one of the company's main divisions.
3. DECRA Roofing Systems, Inc.
The company was established in 1957 and is located in California, United States. Steel roofing systems are produced by Decra Roofing Systems, Inc. The business provides installation services as well as tile, shake, and shingle products. Stone coated steel roofing systems are produced and supplied by DECRA Roofing Systems, a manufacturing company.
4. Saint-Gobain S.A.
The company was started in 1665 and has its main office in Courbevoie, France. The company creates insulation systems, water supply systems, solar solutions, and building materials for distribution in addition to designing, manufacturing, and distributing construction materials abroad. Saint-Gobain finalised the sale of all of its merchanting brands in the United Kingdom in March 2023. Saint-Gobain signed a significant renewable electricity supply agreement in Spain in November 2022.
5. Firestone
The firm was founded in 1988 and has its main office in Tennessee, United States. The company offers tyres for use in motorcycle, kart, light truck, bus, construction, mining, and agricultural industries. The company distributes its goods across the Americas through a network of independent dealers, warehouse clubs, discount retailers, and company-owned stores.
6. Carlisle Companies Incorporated
The company was started in 1917 and is based in Arizona, United States. Along with commercial roofing, energy, agriculture, lawn and garden, mining and construction equipment, aerospace and electronics, dining and food delivery, and healthcare, the company designs, manufactures, and provides to clients globally a wide variety of items that satisfy a large variety of specialised markets.
7. Kingspan Group plc
The business was started in 1966 and has its main office in Kings Court, Ireland. High performance insulation and building envelope technologies are fields in which Kingspan Group PLC competes on a global scale. The business is divided into six divisions: Data & Flooring, Insulated Panels, Insulation, Lighting & air, Water & Energy, and Roof & Waterproofing.
*Definition: Buildings with residential and commercial roofs can be covered with a metal roofing system, which uses metals including steel, aluminium, and copper. When compared to wood or other types of roofing, metal roofing is more lightweight and durable.
