Global Commercial Roofing Market Expected To Reach XX Billion by 2025
According to a new report published by Reports Monitor titled, “Commercial Roofing Market by Type, and Application: Global Opportunity Analysis and Industry Forecast, 2017–2025,” the commercial roofing market was valued at XX million in 2016, and is projected to reach at XX million by 2025, growing at a CAGR of XX% from 2017 to 2025. Asia-Pacific is expected to hold the massive market share leading the commercial roofing market and is anticipated to maintain this trend throughout the forecast period.
In the last couple of years, commercial roofing market has been experiencing way to far progression and advancement globally. Commercial roofings are kind of impervious material that is meant to safeguard roofs of the commercial structure so as to protect the valuable assets from natural disasters. Various factors such as size of the commercial business, geographical location, physical characteristic of the roof, construction material and applicability determines which kind of roofing system is most appropriate. These roofing solutions are made from diverse range of materials that includes wood, asphalt, rubber, stone slabs and asbestos.
Rapidly growing industrialization and urbanization primarily leads the growth of commercial roofing market. Increased need for energy efficient, environment friendly roofing system and increased adoption of it particularly for safety purpose further drives the market growth. Furthermore rising applicability of single ply roofing system, increasing re-roofing activities, innovation in technology, rising disposable income and high capital investment in business forces market development. Besides, building and construction industry is growing at a peak demanding for commercial roofing material and chemicals. Also eco-friendly business by adopting solar roofing panels of commercial level can gain extra benefits. Nevertheless, hefty installation and manufacturing cost and variable product lifespan might affect market growth.
Emerging market being high revenue pockets for manufacturer of roofing products, rise in government expenditure in infrastructure sector and technological advancement in roofing material and chemicals incorporates high opportunities to market key players. Notwithstanding poor market infiltration and economic slowdown of China and Europe lowers the demand in this region for roofing products creating new challenge for the market.
Key Questions Answered: • What will the market growth rate, Overview and Analysis of Global commercial roofing Market over the forecast period from 2017 to 2025? • What are the key factors driving the growth of the market, Analysis by Applications and Countries engaged in Global commercial roofing Market? • What are the Opportunities, trends, Risk and threats Faced by the vendors in Global commercial roofing Market? • What are the challenges to encounter by key vendors in the global commercial roofing market growth? • Deep analysis of top key players in the market and what are their strategies to expand commercial roofing market globally? • What is the trending factors influencing the market shares of the Americas, APAC, and EMEA? • Macroeconomic factors affecting the growth of the commercial roofing market and what are the key outcomes of the five forces analysis of the global commercial roofing market?
Major key market players included in the report are: GAF, TAMKO Building TYPEs, Inc., CertainTeed Corporation, Owens Corning Corporation, Firestone Building TYPEs Company, Duro-Last Inc., Johns Manville Corporation, Carlisle Companies Incorporated, Atlas Roofing Corporation and IKO Industries Ltd.
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