APAC to Spearhead Steel Roofing Market Size
Market Analysis
The global Steel Roofing Market Size in
2018 was valued at 1,500 million and is predicted to grow at a 6.2% CAGR
between 2018- 2025, states the recent Market Research Future (MRFR) analysis.
Steel roofing, simply put, is a roofing system that is made of steel. Standing
seam, stone-coated steel tiles, steel shingles and shakes, and corrugated steel
panels are its different types that have wide non-residential and residential
applications.
Various factors are propelling the
global Steel Roofing Market Size share. According to the recent MRFR report,
such factors include the booming construction industry, rising consumer
awareness about the multiple benefits of installing steel roofing, an increase
in remodeling and reconstruction of houses for change in consumers' preference,
rapid urbanization, and development of new technology and products. Additional
factors adding market growth include favorable investments by the government,
various benefits of steel roofing such as high durability, easy installation,
and long lifespan, increase in commercial projects worldwide such as schools,
hospitals, and hotels, and alluring features such as the reduction in cost
incurred for AC, improved air quality, and noise reduction.
On the contrary, high installation
cost, high capital cost, and the on-going COVID-19 pandemic
may impede the global Steel Roofing Market Size growth over the forecast
period. Besides, steel roofs are not an ideal choice in snowy areas as the snow
slips as well as falls on the pedestrian or property, which also impacts market
growth.
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Market Segmentation
The MRFR report highlights an
inclusive segmental analysis of the global roofing market based on application
and type.
By type, the global Steel Roofing
Market Size is segmented into the standing seam, stone-coated steel tiles,
steel shingles and shakes, and corrugated steel panels. Of these, the
corrugated steel panels will lead the market over the forecast period as it is
the best choice to install on slopes to get away with water quickly.
By application, the global steel roofing industry size is segmented into non-residential and
residential. Of these, the non-residential segment will dominate the market
over the forecast period for the increasing investments in the construction
industry, especially for the construction of schools, hospitals, and other infrastructure.
Regional Analysis
Based on the region, the global Steel
Roofing Market Size report covers the recent trends and growth opportunities
across the Asia Pacific (APAC), North America, Europe, & the Middle East
and Africa (MEA). Of these, the APAC region is predicted to spearhead the
market over the forecast period. The booming construction industry, rising
number of construction projects, growing infrastructural development in the
industrial and commercial sector in China & India, and migration of
population to urban areas from rural areas are adding to the global Steel
Roofing Market Size growth in the region.
The global Steel Roofing Market Size in
North America is predicted to have healthy growth over the forecast period. The
developing construction industry, due to increased renovation and improvement
projects, is adding to the global Steel Roofing Market Size growth in the
region. The US holds the utmost share in the market.
The global Steel Roofing Market Size in
Europe is predicted to have significant growth over the forecast period. High
living standards resulting in more and more renovation of building projects are
adding to the global Steel Roofing Market Size growth in the region.
The global Steel Roofing Market Size in
the MEA is predicted to have steady growth over the forecast period for
manufacturers making long term contacts with that of customers.
Key Players
Eminent contenders profiled in the
global Steel Roofing Market Size report include McElroy Metal (US), EDCO
Products (US), ATAS International, Inc. (US), Safal Group (South Africa), Ideal
Roofing (Canada), Bilka (Romania), CHIEF INDUSTRIES, INC. (US), Certainteed
(US), Tata Steel Europe Limited (UK), Kingspan Group (Ireland), Fletcher Steel
Limited (New Zealand), Blachy Pruszyński (Poland), Nucor Building Systems (US),
Cornerstone Building Brands (US), and Fabral (US).
Key Questions
Addressed by the Report
- What was the historic market size?
- Which segmentation (Product/
Capacity) is driving market?
- What will be the growth rate?
- How are the key players in this
market?
- What are the strategies adopted by
key players?
TABLE OF
CONTENTS
1 EXECUTIVE
SUMMARY
2 SCOPE OF
THE REPORT
2.1 MARKET DEFINITION
2.2 SCOPE OF THE STUDY
2.2.1 DEFINITION
2.2.2 RESEARCH OBJECTIVE
2.2.3 ASSUMPTIONS
2.2.4 LIMITATIONS
2.3 RESEARCH PROCESS
2.3.1 PRIMARY RESEARCH
2.3.2 SECONDARY RESEARCH
2.4 MARKET SIZE ESTIMATION
2.5 FORECAST MODEL
3 MARKET
LANDSCAPE
3.1.1 THREAT OF NEW ENTRANTS
3.1.2 BARGAINING POWER OF BUYERS
3.1.3 THREAT OF SUBSTITUTES
3.1.4 SEGMENT RIVALRY
3.1.5 BARGAINING POWER OF BUYERS
3.2 VALUE CHAIN/SUPPLY CHAIN
ANALYSIS
4 MARKET
DYNAMICS
4.1 INTRODUCTION
4.2 MARKET DRIVERS
4.3 MARKET RESTRAINTS
4.4 MARKET OPPORTUNITIES
4.5 MARKET TRENDS
About Market Research Future:
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 Edibles.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.
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