Roofing & Exteriors is part of the Informa Markets Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

Report: Roofing Market Worth $136.9 Billion by 2027

Increase your sales
The market was valued at $97.2 billion in 2020, according to Market Research Future.

The roofing market is projected to be worth $136.9 billion by 2027, according to Market Research Future's “Roofing Market Research Report, by Roofing, Application and Region - Forecast till [sic] 2027.” 

The market is forecast to register a compound annual growth rate of 4.85% between 2021-27, according to the report. It was valued at $97.2 billion in 2020, the report said.

Rising infrastructure development is a key driver for the roofing industry, according to MRF.

The construction of a modern building has a favorable effect on the roofing industry, MRF said in the report. 

The report goes on to say that a modern, elegant, and efficient roof can improve the overall appearance of the building and rising infrastructure development will continue to boost the need for modern roofing systems.

Another important market driver, per MRF, is the rising usage of synthetic roofing. 

Synthetic roofing is a type of artificial roofing that can be used to complete the look of a building's interior, MRF noted. 

 

Hide comments
account-default-image

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Publish