Roofing industry trends 2023. (1) CANADA INDUSTRY (NAICS) REPORT 23816CA / CONSTRUCTION .

Roofing industry trends 2023 It is estimated that the roofing industry will grow from 4% to 6% in 2020. 8% increase from the previous year. The future of the roofing industry: Trends, challenges, and opportunities with an annual growth of 1. According to IBIS research, the roofing contractors industry is projected to generate $56. Today many want a roof that’s both long-lasting and attractive. By Gene Judd. Here’s a breakdown of the key factors shaping 2025 and what you need to … One of the most significant trends expected to shape the roofing industry in 2023 is the growing emphasis on energy efficiency. Feb 23, 2023 · Get priceless insights into the roofing industry for 2023, so you can put your roofing company on the right track. In this article, we’ll explore the top 10 roofing trends provided by professional roofers for 2023 & beyond. We’ll be focused on disruptive roofing trends. The roofing industry is a crucial component of the construction sector, and its growth and development are closely linked to the overall health of the economy. The global roofing market was valued at $92. residential and commercial roofing materials market size was estimated at USD 15. Alex Hernandez, president of Clark Roofing Co. (1) CANADA INDUSTRY (NAICS) REPORT 23816CA / CONSTRUCTION May 23, 2022 · The wage in the roofing industry has experienced a 1. S; $40,088 is the average roofing salary; The average roof repair costs $1,150; The average roof replacement costs $11,500; 70% of roofing companies don’t trust marketers; Green roofs reduce stormwater runoff by up to 65%; Roofing is forecasted to grow at a 6. 7% over the past 6 years. The United States Roofing Market Size is expected to reach USD 42. 7 billion in revenue in 20231. Here are 6 trends we expect for roofing contractors. 26 billion by 2027. They’re designed to look like standard roofing Dec 1, 2023 · As we step into 2023, the commercial roofing industry is witnessing a dynamic shift towards innovative solutions that prioritize sustainability, efficiency, and durability. 29 billion by 2029 from usd 213. 64 billion in 2023 to $277. Jan 9, 2023 · A do-not-miss presentation for roofing contractors, Adams and Reese's Construction Team Co-Leader Trent Cotney, Art Aisner (Roofing Contractor), and Mitch Henderson (BNP Media) will explore the roofing industry's expectations for residential and commercial sales in 2023. Industry Analysis, Trends and Forecasts (2024 Jun 15, 2023 · Looking back at the challenges of 2022, the roofing industry had to grapple with rising costs and inflation, lead-time and inventory management, and labor shortages. 3 billion global construction chemicals industry. The Roofing industry is projected to grow from USD 1. roofing landscape in 2025. Here’s what you need to keep a watch on in 2023. 70% to reach USD 211. Feb 23, 2023 · We’ve found several trends as we look forward to what 2023 holds for roofers. From 2017 – 2022, wages in the roofing industry have experienced a 2% annualized wage growth. After all, a roof protects your home and it can even raise your house’s property value. Roofing Materials Market Trends. Roofing is the process of building a roof on a building. These 2023 roofing trends not only enhance the protection and longevity of our homes but also contribute to a greener and more visually appealing environment. It is 157th place for the largest annual wage on a national scale. Inc. 42 billion in 2024. May 22, 2023 · To get a closer look at this dynamic sector, we’ve gathered intriguing roofing industry statistics and trends that will give you a glimpse into its current landscape. ¹; As of 2023, 253,044 roofing contractors are in the United States. If you’re a contractor, these changes could either sink or elevate your business in the years to come. 25 Billion in 2023. 3 days ago · With 96,474 roofing contractor businesses active across the nation, according to IBISWorld as of 2023, the roofing industry is vast and diverse. This growth can be attributed to growth within construction and real estate, urbanization trends, climate and weather, architectural styles and trends, and the need for maintenance and replacement. This Freedonia industry study analyzes the $79. In other words, these are the trends most likely to shake things up in the roofing industry. . With 96,474 roofing contractor businesses active across the nation, according to IBISWorld as of 2023, the roofing industry is vast and diverse. The roofing industry trends 2023 highlight sustainable, unconventional solutions that serve as more than mere home protection—they reflect your values and progressive mindset. How to implement roofing industry data. 2%, which, in turn, negatively impacts the demand in the Philippine roofing market. global roofing market research report 2020-2029. Here are some roofing trends that I predict will gain popularity in the coming y Jun 15, 2024 · Discover the latest roofing trends in 2023 with Aaron’s Quality Contractors. Aug 24, 2023 · In roofing, performance is one of the most important considerations for consumers. These numbers are according to the NRCA, and the estimates are based on historical data. May 22, 2024 · The roofing industry is undergoing a significant transformation, with new technologies and trends emerging that promise to redefine how we think about roofing. 310625 Billion in 2024 to USD 1. 3% revenue share. stepping up building efforts, remodeling and renovation initiatives, both Expert industry market research on the Roofing Contractors in Canada (2015-2030). Jun 27, 2024 · As of May 2023, the roofing industry employed 135,140 workers in the U. In this article, we’ll outline some of the top trends affecting roofing today. These businesses cater to a wide array of customer needs, offering everything from cutting-edge technological advancements to traditional roofing methods. 7 billion by 2027. Apr 4, 2025 · Discover the latest "Roofing Trends for 2023" that could redefine your home's efficiency and aesthetic. February 22, 2023 Our Pro Council, a group of expert ABC Supply associates throughout the country, is here to tell you about the roofing trends you should know in 2023. The global roofing market is growing at a compound annual growth rate (CAGR) of 3. YTD in 2024, deal count is around Dec 12, 2024 · Roofing Market | Global Industry Report, Size, Share, Growth, Price Analysis, Trends, Outlook and Forecast 2025-2034 The global roofing market stood a value of USD 133. 60 trillion and a significant 17. 2% from 2018 to 2023. Here's a glimpse into the hottest trends shaping the future of commercial roofing 5 days ago · During a presentation on the state of the roofing industry at the 2024 Best of Success conference, National Roofing Contractors Association CEO McKay Daniels addressed this, noting that the term “mental health” often carries a negative reputation in an industry known for its toughness and stoic grit. In 2023, the U. These workers have a mean hourly wage of $26. Photo: Bone Dry Roofing. However, 2023 has brought with it a glimmer of hope, as roofing materials have become more readily available with less dramatic cost swings and standard lead times returning. 9 billion in 2020 and is projected to reach $193. Apr 24, 2023 · What are the roofing industry trends in 2023? Updated 2024. Jan 8, 2024 · Shifting Markets. 3% annual increase, according to a 2021 industry forecast. Roofing Market Size was valued at USD 1. The roofing industry has seen tremendous growth over the past five years. roofing materials market held over 64. Topics include: Market trends related to current and future installation Additionally, home trends in roofing and construction are leaning toward energy-efficient solutions, with solar panels and designer shingles becoming more popular. Dec 28, 2023 · By Lauren White. This represents an annualized decrease of 1. 34 Billion by 2034. Jan 25, 2023 · The UK 2023 Roofing World Is Full Of Issues And New Trends – Industry Update These trends reflect the growing demand for more sustainable, energy-efficient and innovative roofing solutions. The industry employed 212,000 workers, with an annual growth of 1. The global roofing industry experienced significant growth, reaching $102 billion in 2020. The rise in the number of newly constructed buildings and infrastructures, especially in the commercial and industrial sectors, is expected to lead to a steady demand for roofing materials in the U. Whether you’re building a new home or considering a roof replacement, staying informed about the latest roofing trends can help you make design-forward and cost-effective decisions. These panels offer top-notch insulation, a below-average weight, and excellent waterproofing, all while sitting beneath your shingles (read: they won’t ruin your roof’s aesthetic appeal). From top business and retention issues to greatest training and technology needs, see what contractors had to say in the 2023 RCS Trends Report. Roofing materials include ceramic tiles, hypalon, teflon fabric, metals such as zinc and cast iron, and asphalt shingles. 76 billion in 2023, growing at a cagr of 4. This article will explore the commercial roofing industry and market trends from 2023 and anticipated trends for 2024 so you can plan your construction projects accordingly. , Broadview, Ill. •Roofing market is fragmented and top 5 players hold Key Trends Shaping Residential & Commercial Roofing Market M&A only ~5-10% of the market share, fueling strong M&A activity by strategics and PE to gain market share •In Q1 2024 M&A deal volume in the roofing industry has grown ~150% Y-o-Y, showing continual trend of steady Feb 7, 2024 · With the start of 2024 here, exploring the issues and trends that the roofing industry recently experienced is beneficial. Not only are these trends impacted by the preferences of property owners and homeowners but also the rising cost of construction, thanks to material and labor shortages. Roofing Industry However, not all roofing industry shifts are negative, as we also see market trends embrace sustainability and new technologies. As we move forward into 2023 and beyond, several key trends are shaping the future of roofing. Jun 28, 2023 · In this comprehensive overview, we delve into the latest developments in roofing materials, the growing popularity of solar and sustainable roofing solutions, the impact of technology on the industry, current color trends, and the ongoing supply chain and workforce challenges faced by the industry. However, it’s worth noting that trends are not always applicable to every situation, and not all of them will be suitable for every roofing project . ² As we step into 2023, the roofing industry continues to evolve, with new trends shaping the way roofs are designed, installed, and maintained. Let’s explore the key roofing industry trends for 2025 and beyond, helping contractors and homeowners understand what to expect in the coming years. Keep reading to learn more about the latest roofing trends for 2023. 2 days ago · NRCA elects new officers and directors. And by the year 2023, the roofing industry is projected to reach a staggering 12. S. the global roofing market size is expected to reach usd 280. Market Overview. Jan 16, 2024 · The roofing industry has always been at the forefront of innovation, adapting to the changing needs of homeowners and the environment. In this article, we compiled the latest data and figures to paint a comprehensive picture of the U. The roofing industry experienced notable shifts in 2023, particularly in the residential sector, where private equity involvement notably increased. As we move into 2023 and beyond, it’s essential to stay updated with these advancements to ensure that our buildings are not only aesthetically pleasing but also functional Starting our list of roof trends, panels with foam insulation are gaining traction in the roofing industry. 33% during the forecast period (2024 - 2032). over the forecast period. May 22, 2025 · As an integral part of the building sector, the trends and statistics of the roofing industry can offer valuable insights into its current state and future trajectory. The number of roofing M&A deals has increased by 116. Through the use of technology, creative hiring methods and material management tactics, the majority of roofing contractors anticipated 2022 sales to outpace 2021, and even more expect that trend to continue for the next three years. Market Size & Trends. 72 billion in 2023 and is anticipated to grow at a compound annual growth rate (CAGR) of 4. Jan 14, 2024 · We compiled key statistics highlighting growth within the roofing industry and predictions for 2023 trends. Jan 8, 2025 · Top Roofing Statistics (Quick Chart) There are 99,203 roofing companies in the U. It’s equally important to look ahead and prepare for what this year may bring. 2% Table 1: Industry outlook 2023-20281 The roofing contractors industry in Canada is highly date with emerging technologies and trends. 40% of complaints about roofing companies on the BBB were regarding a leak. Whether you specialize in roofing installation or restoration, these trends can guide your business decisions to achieve your new year’s goals. Sustainability and Eco-Friendly Materials Are Non-Negotiable. The roofing industry continues to grow and transform due to market trends, technological advancements, and sustainability concerns. Experienced building architects and property owners have embraced metal roofing as one of the roofing industry's most durable solutions Jan 20, 2023 · If you’re in the market for a new roof, you’re likely curious about current standards and roofing industry trends in 2023. Apr 3, 2023 · A coalition of industry trade associations representing roofing contractors, consultants and manufacturers throughout the United States and Canada is launching the Q1 2023 edition of the Market Index Survey for Reroofing. Here are 6 roofing trends that we anticipate seeing in 2023. It presents historical demand data (2012, 2017, and 2022) and forecasts (2027 and 2032) by product (protective coatings and sealers, caulks and adhesives, cement and concrete additives, polymer flooring, grouts and mortars, asphalt additives, spray U. 6% The roofing contractor industry employs 212,000 workers in the United States from 2018 to 2023 and is expected to grow to 220,989 workers in the next five years. The global roofing market is projected to reach $156 billion by 2030, seeing a 4. 9% increase in 2022 to $4. RoofersCoffeeShop®, the award-winning website where the industry meets for technology, information and everyday business, announces the release of its latest Roofing Industry Trends Report, sponsored by Beacon Building Products. As 2023 comes to a close, we reflect on our successes, areas of improvement and trends! Let’s take a look at what Dec 22, 2022 · From smart roofing systems to sustainable materials, this year is sure to bring a range of innovative ideas to the roofing industry. 40 trillion, driven by substantial government infrastructure investments. The 2023 Trends Report identifies current business issues as well as training and technology needs. So Long, Supply Chain Issues! The shortages and delays experienced since the onset of the COVID-19 pandemic have eased in 2023. Asphalt Shingles Are Most Popular; One of the biggest trends our Pro Council had seen over the last couple of years was an increased demand for synthetic roofing materials. The U. Residential construction accounted for the largest share in the market studied, with a total of 20,178 residential construction in the Philippines during the third quarter of 2020, registering an annual decline rate of 37. The roofing industry currently stands in 16 th place for the highest wage given in construction. 62% during the forecast period. 5% from 2024 to 2030. Aug 7, 2023 · Every year, the roofing industry embraces exciting trends prioritizing functionality, sustainability, and aesthetics. Metal roofing sales are on the rise in commercial construction and residential remodeling. 5% during the forecast period 2023 to 2033. Here are some of the top roofing installation trends to watch as we look toward the end of 2023 and on to 2024. As of 2022, the United States has approximately 109,331 roofing contractor businesses, showing a notable 1. 1% growth between 2021 and 2022. Global Construction Chemicals Industry Reports. Our expert team brings you detailed insights and valuable information about the top trends in the roofing industry, ensuring your home is equipped with the latest and most efficient roofing solutions. 5%. May 22, 2023 · Roofing industry statistics 2023: Key takeaways. 84 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 4. 1. As of 2023, the roofing contractor business in the United States totaled 79,139, a slight decrease from 2022. 7% from $267. , was elected chairman of the board, and Chad Collins, executive vice president of Roofing Corp of America, Atlanta, was elected chairman of the board-elect. Roofing market projected to reach $135. Nov 29, 2023 · Sales Outlook. 51 Billion in 2024 and expected to grow at a CAGR of 4. The growth of the market can be attributed to the flourishing global construction industry owing to increasing public and Residential Construction to Dominate the Market. Feb 22, 2023 · State of the Industry New Trends in Roofing for 2023 . 66 Billion by 2033, at a CAGR of 4. Solar Shingles: Power in Every Pane; Solar shingles are gaining popularity as they enable homes to generate electricity. Roofing sales in the commercial space continued to surge this year as the overall economy picked up steam. Roughly three out of four survey respondents indicated sales increased or remained flat in 2023, and 26% said they projected sales to greatly increase year-over-year. Roofing Contractor Industry Trends Nov 27, 2023 · The 2023 Trends Report identifies current business issues as well as training and technology needs. Oct 20, 2024 · The roofing industry is bracing for a whirlwind of challenges—surging material costs, an unpredictable insurance market, and big money buying up local businesses. 85, or $55,840 annually. 2% over the past five years. As a seasoned roofing contractor, I closely monitor industry trends and advancements to better serve my clients. Make better business decisions, faster with IBISWorld's industry market research reports, statistics, analysis, data, trends and forecasts. Apr 6, 2023 · As we look ahead to the new year, it's natural to wonder what roofing trends we can expect to see in 2023. NRCA has elected its 2025-26 slate of officers and directors:. With the increasing focus on sustainable practices and environmental consciousness, many property owners are opting for energy-efficient roofing solutions. Feb 3, 2023 · Even so, roofing contractors aren’t backing down, as our 2023 State of the Industry survey results show. 5% rise in 2023 to $5. Jan 26, 2025 · The upward US roofing industry trends resumed with a 6. Let’s delve into these trends and explore how they can benefit homeowners and the environment. Jul 28, 2023 · Roofing Trends to Watch Out for in 2023: Trending Roof Colors & Styles The roofing industry is dynamic, with trending roof styles and colors changing from year to year. The roofing industry outlook for 2024 is positive, with continued growth expected in the coming years. In 2023, several roofing trends are shaping the industry, putting a greater emphasis on sustainability, technological advances, and aesthetic appeal. Upcoming 2023 Roofing Trends Include… Flat Roofs Dec 11, 2024 · Top 5 Trends Shaping the Roofing Industry in 2025 1. May 12, 2025 · The metal roofing adds extra insulation to the building, maintaining steady temperatures during the winter and summer. The Size of the U. Sustainability isn’t just a buzzword anymore—it’s becoming a requirement. May 14, 2023 · Roofing trends are constantly evolving, and homeowners have more options than ever when it comes to choosing the perfect roof for their home. Act now for smarter living! Nov 27, 2023 · The 2023 Trends Report identifies current business issues as well as training and technology needs. Mar 31, 2024 · M&A transaction activity in the roofing industry has experienced steady growth since 2018 and has remained over the 6‐year average in 2021, 2022, and 2023. crwkmnoj kbdb hiny fesja hjhfb ztkxrg vcppswamt gwwhxb tyu sdsz