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The U.S. roofing market revenue surpassed US$ 28.18 billion in 2024 and is predicted to attain around US$ 43.12 billion by 2033, growing at a CAGR of 4.84% during the forecast period from 2025 to 2033.
The roofing material market is positioned for substantial growth, primarily fueled by an uptick in construction activities across the United States. Rising demand for energy-efficient roofing solutions is expected to further bolster this growth, with innovations such as advanced composite materials transforming the current market landscape.
In 2022, the roofing contracting industry in the U.S. was ranked as the 17th largest construction industry based on market size, and it stood as the 213th largest overall in the country. This ranking underscores the importance of roofing within the broader construction sector. Given the significant number of homes and businesses in the U.S. that have roofs approaching or exceeding their life expectancies, age-related reroofing emerges as the most prominent driver of roofing demand in the nation. As these structures require replacement or upgrades, the market is set to experience robust activity in the coming years.
United States Roofing Market Key Takeaways
Market Overview
Roofing is the process of constructing a building's top covering using various materials, including drain, slate, copper, ridge cap, plastic cement, and base ply and sheet. This essential construction activity enhances the value of structures, increases their longevity, and protects them from adverse environmental conditions. In recent years, several manufacturers have begun offering sophisticated roofing solutions that incorporate unique elements designed to extend the overall lifespan of buildings.
Between 2018 and 2023, U.S. residential construction spending experienced significant fluctuations, particularly within the roofing industry. According to the U.S. Census Bureau, residential spending decreased by 2.0% from 2018 to 2019 due to rising material costs and increasing interest rates. However, the market rebounded in 2020, with a notable increase of 16.5%, bringing total spending to $7.73 trillion. This upward trend continued into 2021, where spending surged by 25.5% to reach $9.71 trillion, largely driven by pandemic-related demand for additional living space. In 2022, spending grew further by 15.3%, hitting $11.19 trillion, before experiencing a decline of 6.0% in 2023, which brought the total down to $10.52 trillion.
The U.S. roofing market is expected to continue its growth trajectory. This expansion is fueled by the entry of more companies into the market and ongoing technological advancements that improve the quality of roofing materials. The roofing sector has been steadily growing over the years, thanks to its increasing applications across various industries. Notably, the automotive and construction sectors have played a significant role in driving the growth of the roofing market, highlighting its importance in the broader economic landscape.
United States Roofing Market Growth Factors
Driver
Growing Homeowner Interest in Bold Aesthetics: In recent years, there has been a noticeable shift in homeowner preferences toward bold aesthetics in home design. This trend is significantly influencing the choices available for material customization, particularly in roofing and exterior finishes. Homeowners are increasingly looking for ways to express their styles while enhancing the overall visual appeal of their properties.
Rapid Home Improvement Financing Solutions: The home improvement market is witnessing a surge in investment driven by rapid financing solutions that make it easier for homeowners to undertake significant renovations, including roofing replacements. This trend is reshaping how homeowners approach property upgrades and maintenance.
Restraint
Material Supply Chain Volatility: The construction industry is currently facing significant challenges due to material supply chain volatility, which is impacting the timely delivery of essential materials for large development projects. This unpredictability not only delays construction timelines but also affects overall project budgets and efficiency.
Unpredictable Weather Outcomes: In addition to supply chain issues, unpredictable weather outcomes are increasingly disrupting seasonal schedules and maintenance intervals in the construction industry. As weather patterns become more erratic, construction timelines and project planning face additional challenges.
Top Trends
High-Value Composite Shingles: High-value composite shingles are increasingly becoming popular in premium suburban developments across the nation. These shingles are designed to mimic the aesthetic of traditional roofing materials, such as wood or slate while offering superior durability and performance. As more developers and homeowners prioritize quality and sustainability, the demand for high-value composite shingles continues to rise, solidifying their place in the market for premium suburban housing.
Adoption of Self-Adhering Membranes: Self-adhering membranes are increasingly gaining popularity in the construction and roofing industries, particularly for retrofit projects. Their ability to provide a reliable, efficient, and precise installation process makes them an attractive choice for contractors and project managers alike.
Recent Developments
Top Players in the US Roofing Market
Markey Segmentation Overview
By Roof Type
By Material Type
By Services
By End-Users
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