Market Highlights
The Global Steel Roofing Market is expected to witness sustainable growth during the forecast period owing to the growth of the construction industry and the rising consumers awareness towards the benefits of steel roofing. Moreover, an increase in reconstruction and remodeling of houses, due to change in the preference of consumers because of growing awareness about the benefits of steel roofing are the other factors that drive the market for steel roofing. Steel roofing is strong, attractive, eco-friendly, and energy efficient. Thus, homeowners and roofing contractors are inclined toward the installation of such roofing in any structure and building. Furthermore, it is fire-resistant and does not crack or shrink with the effects of humidity, sunlight, or other weather condition. Such benefits make customers use steel roofing in their buildings.
Get free sample pdf @ https://www.marketresearchfuture.com/sample_request/8313
Asia-Pacific is expected to witness moderate growth in the global steel roofing market during the forecast period: MRFR
On the basis of region, the global steel roofing market is segmented into North America, Europe, Asia-Pacific, Middle East & Africa, and South America. Asia-Pacific accounted for the largest market share, followed by North America, and Europe, it is expected to have a high growth rate during the forecast period. This can primarily be attributed to the growth of the building & construction industry, mainly in China and India. The construction industry in Asia-Pacific is also growing due to the rise in the number of construction projects, which drive the steel roofing market in the region.
Moreover, North America has witnessed significant growth in the construction industry, owing to the increased home improvement and renovation projects in the region. According to the US Census Bureau, the total annual value of construction in the US was USD 1,293,982 million in 2018, USD 747,809 million of which was for non-residential construction. The high growth in the construction industry in the North America, drives the growth of the steel roofing market in North America during the forecast period.
The Global Steel Roofing Market was valued at ~USD 1,500 million in 2018 and is expected to witness ~6.2% CAGR during the forecast period.
The corrugated steel panels segment is set to occupy a large share of the global steel roofing market: MRFR
On the basis of type, the global market has been segmented as corrugated steel panels, steel shingles and shakes, stone-coated steel tiles, and standing seam. The corrugated steel panels segment is expected to witness high growth during the forecast period. The corrugated steel panels are best to install on a slope in order to get rid of water quickly.
On the basis of application, the global steel roofing market is segmented as residential and non-residential. The residential and non-residential segments are further segmented as new construction and remodeling & refurbishment. The non-residential segment is expected to witness moderate growth rate during the forecast period. This is primarily attributed to the high investment inflow in the construction industry, mainly for the construction of hospitals, schools, and other infrastructure.
Global Steel Roofing Market, 2018–2025 (USD Million)
Source: MRFR Analysis
Browse complete report @ https://www.marketresearchfuture.com/press-release/steel-roofing-market
Scope of the Report
This study provides an overview of the global steel roofing market, tracking two market segments across five geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume, and share for North America, Europe, Asia-Pacific, Middle East & Africa and South America. The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global steel roofing market by type, application, and region.
- By Type
- Corrugated Steel Panels
- Steel Shingles and Shakes
- Stone-coated Steel Tiles
- Standing Seam
- By Application
- Residential
- New Construction
- Remodeling & Refurbishment
- Non-Residential
- New Construction
- Remodeling & Refurbishment
- By Region
- North America
- Asia-Pacific
- Europe
- Middle East & Africa
- South America
Key Players
The prominent players in the global steel roofing market are Fabral (US), Cornerstone Building Brands (US), Nucor Building Systems (US), Blachy Pruszyński (Poland), Fletcher Steel Limited (New Zealand), Kingspan Group (Ireland), Tata Steel Europe Limited (UK), and Certainteed (US).
CHIEF INDUSTRIES, INC. (US), Bilka (Romania), Ideal Roofing (Canada), Safal Group (South Africa), ATAS International, Inc. (US), EDCO Products (US), and McElroy Metal (US) are some other key players operating in the global steel roofing market.
About Us:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research Consulting Services.
Media Contact
Company Name: Market Research Future
Email: sales@marketresearchfuture.com
Phone: +1 646 845 9312
Address: Market Research Future Office No. 528, Amanora Chambers Magarpatta Road, Hadapsar
City: Pune
State: Maharashtra
Country: India
Website: https://www.marketresearchfuture.com
