The metal roofing market research is expected to grow by $2.67 billion from 2021 to 2026 at a 4.24% CAGR, according to Technavio.
The metal roofing market is driven by increasing investments in the construction of residential buildings, according to Technavio.
However, the factors such as the multiple benefits of green roofs may impede the market growth, Technavio said.
Metal roofing is known for its durability, long-lasting performance and reliability, according to Rob Haddock, CEO and founder of S-5!.
The exceptional performance of metal roofing in high-wind conditions is due in part to its attachment methods and interlocking installation where roof panels are overlapped and attached to the structure of the building, reducing the ability of wind to disrupt the panels, Haddock wrote in a piece for Roofing & Exteriors.
Metal is the second most preferred type of roofing material and is quickly gaining in popularity, according to a study of U.S. homeowners conducted by the Metal Roofing Alliance (MRA).
Residential metal roofing systems have grown in demand, as consumers look to find a more durable option for protecting their homes, according to Scott Lowe, metal roofing sales manager at ProVia.
While metal roofing has been used for centuries, in recent years it has jumped to second in popularity only to asphalt shingles, Lowe noted.
Metal roofing pieces (panels or shingles) were the top product purchased by respondents of "The International Roofing Expo Brand Use Study," conducted by the Farnsworth Group.
View Technavio's report here.