North America Steel Roofing Market Size, Share & Trends Report

North America Steel Roofing Market Size, Share & Trends Analysis Report By Application (Residential, Commercial, Industrial), By Country (U.S., Canada, Mexico), And Segment Forecasts, 2019 - 2025

  • Published Date: Jul, 2019
  • Base Year for Estimate: 2018
  • Report ID: GVR-3-68038-201-3
  • Format: Electronic (PDF)
  • Historical Data: 2014 - 2017
  • Number of Pages: 78

Industry Insights 

The North America steel roofing market size was estimated at USD 2.58 billion in 2018 and is expected to register a CAGR of 4.5% over the forecast period. Increasing awareness regarding green building products in construction industry is anticipated to positively impact the growth.

Steel roofs are long-lasting and durable building materials that provide significant energy saving to end-use applications. In addition, they are made from a high percentage of recycled steel, which, in turn, plays a significant role in attaining sustainable roofing. Increased consumption of flexible, lightweight, and recyclable roofing materials is expected to fuel the demand for steel roofs in North America.

U.S. steel roofing market

Increased growth rate of the industrial sector in U.S. is likely to augment the demand for steel roofs over the forecast period. Furthermore, the product demand is expected to witness rapid growth owing to rising focus on improving energy efficiency in the residential and commercial sectors.

Increasing GDP coupled with the trend of single-family houses in North American countries is expected to propel construction activities, thus, positively influencing the demand for steel roofing. Rising demand for high-tech office buildings and sophisticated housing systems is expected to drive renovation activities in Canada, thereby, impacting the product demand significantly.

North America construction industry is anticipated to witness rapid growth on account of the rising number of people migrating from developing regions to North America. In addition, increasing construction spending in Mexico owing to population expansion and strong economic and industrial developments is expected to boost the product demand in North America.

The factors hampering market growth include fluctuating steel prices globally as well as the susceptibility of structures to corrosion and low thermal resistivity. Furthermore, the unavailability of skilled labor and advanced technologies are projected to restrict market growth over the forecast period.

Application Insights

The demand for steel roofing in North America is anticipated to witness significant growth in the industrial construction sector on account of high strength of the product. In addition, increasing number of manufacturing facilities in Mexico is expected to boost product demand in the forthcoming years.

Recovering residential construction industry is likely to support new residential roofing projects and re-roofing activities, thus, boosting the regional product demand. The residential construction segment is anticipated to witness high product penetration owing to increasing awareness on energy-efficient construction, government regulations for green building materials, and the requirement for the renovation of old buildings.

North America steel roofing market

Commercial constructions require a large number of roofing products for thermal insulation and to enhance aesthetic appeal of the building. These buildings require durable materials to tackle extreme weather conditions, and hence, steel roofing is extensively used owing to its properties such as lightweight, durability, and flexibility.

The growing e-commerce industry has resulted in an increased demand for storage, which has resulted in boosting the number of warehouses in the region. This, in turn, is expected to augment the product demand for industrial buildings at a CAGR of 4.3% in terms of revenue from 2019 to 2025.

Regional Insights

Improved energy efficiency of buildings coupled with the increasing penetration in commercial and residential sectors in North America is anticipated to augment market growth. Furthermore, development of the construction sector and increased government spending on industrial and commercial sectors are expected to boost the product demand over the forecast period.

Factors such as changing lifestyle and growing demand for high-rise luxury buildings and hotels to develop the tourism sector are expected to continue supporting construction spending in Mexico. The market revenue in the country is expected to reach USD 148.7 million owing to an increasing construction market due to a growing labor pool, ample energy reserves, and sizeable access to energy reserves.

Rising middle-class population in Mexico is expected to drive the requirement for offices, shops, factories, and homes, thereby, augmenting construction industry growth in industrial, residential, as well as commercial sectors. Furthermore, upcoming construction projects near the Mexico-U.S. border are anticipated to boost the product demand.

The growth in Canada is attributed to the increased construction activities in the country, due to urbanization, rising population, and growing immigration rate. However, the uncertainty surrounding Canada’s trading relationship with U.S. is expected to have a negative impact on the country’s economic growth over the forecast period.

North America Steel Roofing Market Share Insights

The market is characterized by the presence of small- and large-scale vendors, resulting in a moderate level of concentration. The companies tend to offer products using innovative and advanced methods to cope up with the demands from residential, commercial, and industrial building applications.

New entrants or emerging players such as Sunlast Metal, Worthouse, and Ideal Roofing are likely to gain opportunities for acquiring market share by implementing differentiation strategies, wherein they offer a wide range of innovative steel roofing products such as exposed fastened panels with acrylic coated galvalume surface finish and stone coated steel roofs.

Major steel roofing manufacturers in North America include CertainTeed; American Building Co.; ATAS International, Inc.; and BlueScope. These companies are continuously engaged in R&D activities and use novel technologies and designs to manufacture the product using different grades and specifications of steel to serve various application demands from end users.

Report Scope

Attribute

Details

Base year for estimation

2018

Actual estimates/Historical data

2014 - 2017

Forecast period

2019 - 2025

Market representation

Volume in million square meters, revenue in USD million and CAGR from 2019 to 2025

Regional scope

North America

Country scope

U.S., Canada, Mexico

Report coverage

Volume forecast, revenue forecast, competitive landscape, growth factors and trends

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Segments Covered in the Report

This report forecasts revenue growth at regional and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2014 to 2025. For the purpose of this study, Grand View Research has segmented the North America steel roofing market report on the basis of application and country:

  • Application Outlook (Volume, Million Square Meters; Revenue, USD Million; 2014 - 2025)

    • Residential

    • Commercial

    • Industrial

  • Regional Outlook (Volume, Million Square Meters; Revenue, USD Million; 2014 - 2025)

    • North America

      • U.S.

      • Canada

      • Mexico

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