Reportlinker.com has declared the addition of its latest market research report titled, ‘US Roofing Market,’ to its list of offerings.
This new report offers in-depth details on the current and future markets for roofing by covering regional level analysis, various market segments and research on leading companies existing in the market.
Demand for roofing in the US is predicted to increase 5.7% annually to 263 million squares in 2015 and it is estimated at $24.4 billion. The annual demand in the new residential market will rise more than 20% through 2015 as home construction begins to climb from their low 2010 levels. But, the residential re-roofing market will witness more roofing requirement growing in 2015. The new construction section, which is predicted to witness annual gains of 7.5% through 2015, is driving the roofing requirement in the nonresidential market. Requirement for roofing materials will be promoted by the increasing demand for different structures such as office buildings, retail sites and health care and educational facilities.
Roofing demand will be promoted by consumer interest in eco-friendly products, including metal roofs, membranes, roofing produced from recycled materials, light-colored roofing, integrated photovoltaic roofing and vegetative roofing, in both the nonresidential and residential markets. These roofing materials will be installed by consumers to reduce urban heat-island effects and minimize energy costs.
Asphalt shingles are the most sought-after roofing materials and they dominate the residential market. The research report also reveals that as expenditures of residential building construction rebound, requirement for asphalt shingles will increase around 7% annually through 2015. Demand for laminated asphalt shingles is expected to reach 85% in 2015. Roofing tiles will also witness the fastest gains through 2015 among other products.
The new research report includes data for the previous years from 2000, 2005 and 2010 and provides forecasts for the years 2015 and 2020 with anticipated growth rates by product, market and the US region.
Source: http://www.reportlinker.com