Global Roofing Systems Market Growing at 3.06% CAGR to Hit $157.56Bn by 2021

Growing construction industry is to drive the market for roofing systems which is projected to grow from USD 109.72 billion in 2016 to reach USD 157.56 billion by 2021, at an estimated CAGR of 3.06% from 2016 to 2021.

Pune, India - August 16, 2016 /MarketersMedia/ —

The global market for roofing systems is projected to grow from USD 109.72 billion in 2016 to reach USD 157.56 billion by 2021, at an estimated CAGR of 3.06% from 2016 to 2021. Growth in the construction industry throughout the world as well as government regulations regarding zero energy building codes and green roofing have played a huge role in providing the necessary momentum to the roofing systems market, after the economic slowdown between 2007 and 2009.

Shingles & plates held the largest market share because of their low cost and easy installation techniques. They are the most preferred roofing products for residential buildings, as they are durable and can last for up to 30 to 40 years. Also, growing construction projects, both residential and commercial, have driven the market in this segment. Other roofing products include tiles, sheets, and shakes.

Complete report on roofing systems market spread across 201 pages, profiling 10 companies and supported with 216 tables and 57 figures is now available at http://www.rnrmarketresearch.com/roofing-systems-market-by-material-asphalt-metal-plastic-clay-concrete-product-shingles-plates-tiles-construction-type-new-construction-reform-construction-end-use-sector-residential-non-residen-st-to-2021-market-report.html .

Asphalt is projected to be the fastest-growing materials used for roofing systems in the next five years. Asphalt roofing is durable and aesthetically pleasing. It is also eco-friendly and can be fully recycled and used again for roofing. Asphalt roofing is largely used in residential buildings.

Primary interviews were conducted with a number of industry experts, in order to collect data related to different aspects of roofing systems. The distribution of primary interviews is as follows:

By Company Type: Tier 1 – 56%, Tier 2 – 33%, and Tier 3 – 11%

By Designation: Director level – 59%, C level – 28%, and Others – 13%

By Region: North America – 43%, Asia-Pacific –29%, Europe – 21%, and RoW – 7%

The various suppliers of roofing systems and related products in this report such as Compagnie de Saint Gobain SA,Etex Group NV, Boral Limited, Braas Monier Building Group SA, Owens Corning, Carlisle Companies Incorporated, The Siam Cement Public Company Limited, CSR Limited, Berkshire Hathaway, Inc. and Atlas Roofing Corporation. Discount inquire on Roofing Systems Market by Material (Asphalt, Metal, Plastic, Clay, Concrete), Product (Shingles & Plates, Tiles), Construction Type (New Construction & Reform Construction), End-Use Sector (Residential & Non-Residential) - Global Forecast to 2021 research report at http://www.rnrmarketresearch.com/contacts/discount?rname=663697 .

The market for roofing systems is also segmented based on region, which includes North America, Europe, Asia-Pacific, and Rest of the World. North America accounted for the largest share of the total demand generated by the global roofing systems market in 2015 because of the willingness of companies in the region to take up capital-intensive projects, along with the availability of technical expertise. The Asia-Pacific region is projected to be the fastest-growing market for roofing systems, during the forecast period, owing to the rising economy and the rapid growth in the infrastructure sector.

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Source: http://marketersmedia.com/global-roofing-systems-market-growing-at-3-06-cagr-to-hit-157-56bn-by-2021/128145

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