A steep slope roofing is defined as roofing that are suitable for roofs possessing slopes of 3:12 or greater. This translates into for every 12 horizontal inches, the rise of the roof is 3 inches or more. Steep slope roofs are preferred by both the customers and architects since they add aesthetic appeal to the building and even offer a long-term performance. In other words, steep slope roofs are attractive and even affordable. The steep slope roofs possess the characteristics of greater aesthetic appeal, long service life, resistance to wind and low maintenance requirements. Also, they can be transformed into wide variety of shapes, giving a vast scope to creativity and new design techniques. In addition, another main advantage of building a steep slope roof is that they accelerate the water run-off rate, due to which water doesn’t tend to accumulate on the roof and the build-up of debris and mold is avoided. The demand of steep slope roofing materials is tied to the growth in the construction industry. Increasing disposable income also plays a major part in the growth of steep slope roofing materials market. Besides, macro-economic factors like a growing population and improvement in the overall economy growth rate also play their part in the growth of this market. However, an economic slowdown in some regions of the world has adversely affected the growth of the construction industry, thereby adversely impacting the demand for steep slope roofing materials.
According to the assessment of Persistence Market Research, the global steep slope roofing materials market is forecasted to reach a figure of about US$ 14,630 Mn in 2022 and is poised to exhibit a sluggish CAGR in the period of assessment.
North America Market Set to Dominate the Global Steep Slope Roofing Materials Market in Terms of Revenue
The market in North America is set to dominate the global steep slope roofing materials market in terms of value and this trend is projected to sustain itself throughout the assessment period. North America steep slope roofing materials market is the most attractive market, growing at a sluggish CAGR over the forecast period.
Asphalt Shingle Segment Slated to Touch a Value of Nearly US$ 9,200 Mn in 2022
According to the projections of Persistence Market Research, the asphalt shingle segment is expected to reach a value of about US$ 9,200 Mn in the year 2022. This signifies a sluggish CAGR during the forecast period of 2017-2022. The asphalt shingle segment is estimated to account for nearly two-thirds of the revenue share of the material type segment by the end of the year 2017 and is expected to gain in market share by 2022 over 2017.
New Construction Segment to Exhibit a CAGR of Nearly 3% During the Assessment Period
According to the assessment of Persistence Market Research, the new construction segment is poised to touch a figure of about US$ 3,800 Mn in the year 2022. This signifies a CAGR of nearly 3% during the assessment period from 2017 till the year 2022. The new construction segment is estimated to account for more than one-fourth of the revenue share of the end-market segment by the end of the year 2017 and is projected to lose market share by 2022 over 2017.
The report also profiles companies that are expected to remain active in the expansion of global steep slope roofing materials market through 2022, which include Owens Corning, CertainTeed Corporation, Henry Company LLC, Malarkey Roofing Products, IKO Industries, Ltd., Siplast, Inc., TAMKO Building Products, Inc., Tarco, Inc., Polyglass U.S.A., Inc. and Atlas Roofing Corporation.
Note: The insights mentioned here are of the respective analysts, and do not reflect the position of Persistence Market Research
Persistence Market Research delivers yet another unbiased, comprehensive and insightful report titled ‘Steep Slope Roofing Materials Market: Global Industry Analysis (2012-2016) and Forecast (2017-2022)’. In this report, the global steep slope roofing materials market is explored in great detail, and the market dynamics of the global steep slope roofing materials market has been covered comprehensively, explaining to the report readers the drivers, restraints and trends operating in this highly competitive market. Also, analysis of the data over different parameters has been done in order to arrive at market numbers concerning the global steep slope roofing materials market. Besides, competition landscape of the global steep slope roofing materials market is also covered in this report, giving information about the key companies operating in the global steep slope roofing materials market.
In the first part of the report, the executive summary and the introduction are given. The executive summary gives a summary of the global steep slope roofing materials market and gives the pertinent market numbers that are most significant, which include the historical CAGR growth from 2012 till 2016 and the forecasted CAGR from the year 2017 till the end of the forecast period in the year 2022. Information about lucrative markets from the point of view of leading revenue share and highest CAGR are also given in the executive summary.
In the introduction section, the steep slope roofing materials market is defined in detail so that the report readers are clear about the scope of this market.
The next section of the report gives information on the key dynamics of the steep slope roofing materials market. Key points covered in this section include the global economy, fiscal stimulus and bottom line of enterprises.
In the subsequent section of the report, information is given on the cost structure analysis and pricing analysis of the global steep slope roofing materials market. An analysis on the market presence of key participants (intensity map) is also offered in this section.
The next part of the report consists of the global steep slope roofing materials market analysis and forecast by material type, end market, form and region. This section of the report contains important market numbers in the form of year-on-year growth comparison, market share comparison and revenue comparison. The global steep slope roofing materials market is also analyzed across key regions- North America, Latin America, Europe, Japan, APEJ and MEA.
The last section of the report contains the competition landscape, where leading market players operating in the global steep slope roofing materials market are profiled in detail. This information is in the form of company overview, product overview, key financials and key developments pertaining to that particular company. The competition landscape also features the SWOT analysis of the selected companies, which gives the report readers information about the strengths, weaknesses, opportunities and the threats that such companies operating in the global steep slope roofing materials market are facing. The competition landscape is an invaluable part of the report as it contains all the necessary information to study the leading companies operating in the global steep slope roofing materials market and how they implement their strategies and vision to stay in the pole position in this highly competitive market.
Persistence Market Research leverages a proven and tested research methodology to determine the revenue estimations of the global steep slope roofing materials market. In-depth secondary research is used to arrive at the overall market size and top industry players. A list of industry players (manufacturers), distributors, retailers, and industry experts is developed along with a comprehensive discussion guide for detailed and exhaustive primary interviews. Data thus obtained is validated using the triangulation method, where primary and secondary research along with Persistence Market Research analysis contribute to the final data. This data is then scrutinized using advanced tools to glean pertinent insights into the global steep slope roofing materials market.