North America Steel Roofing Market Incredible Growth By Leading Key Players: CertainTeed, American Building Co. and BlueScope

October 18 13:40 2019
North America Steel Roofing Market Incredible Growth By Leading Key Players: CertainTeed, American Building Co. and BlueScope

Grand View Research, Inc. – Market Research And Consulting.
According to report published by Grand View Research, 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.

The North America Steel Roofing Market size is expected to reach USD 3.53 billion by 2025, according to a new report by Grand View Research, Inc. It is projected to expand at a CAGR of 4.5% during the forecast period. Increasing awareness regarding green buildings coupled with favorable government regulations concerning the use of durable and energy-efficient materials in the construction sector is expected to drive the product demand.

The construction industry in North America has a notable impact on the demand for steel roofing as they are extensively utilized in residential, commercial, and industrial buildings. Steel roofs are long-lasting and durable building materials that provide significant energy saving to end-use applications, which is the major factor driving the market.

The demand is directly influenced by the rising population and the need for sustainable buildings along with product penetration in the market. Furthermore, adoption of energy codes and solar power in roofing systems across all end-use applications is projected to augment the growth in demand for steel roofing over the forecast period.

Read Informative Content @ https://www.grandviewresearch.com/industry-analysis/north-america-steel-roofing-market

Market players are focused on adopting expansion strategies for increasing their market share. They engage in merger and acquisition activities for maintaining market leadership. However, fluctuation in the steel prices on global scale is anticipated to hamper the product demand in the fortchomign years.

U.S. steel roofing market size, by application, 2014 - 2025 (USD Billion)

Further key findings from the report suggest:

  • Commercial building application segment is projected to witness a CAGR of 4.8% in terms of revenue, from 2019 to 2025 owing to the ability of the product to reduce the heat flow, thereby decreasing the overall energy requirement
  • Industrial application segment accounted for 39.6% of the regional share in terms of revenue in 2018, owing to the increasing investments in manufacturing industry coupled with favorable government policies for the industrial sector
  • U.S. accounted for 81.2% of the regional market share in terms of revenue in 2018 due to the growing demand among business and homeowners for the installation of durable roofing materials resistant to damages caused by hailstorms and high winds
  • Canada is projected to witness a CAGR of 4.6% in terms of volume from 2019 to 2025 on account of the rising awareness regarding the usage of environment-friendly roofing materials to reduce energy consumption in the country
  • Major players in the North America steel roofing market are offering a wide range of products with various designs, surface finishes, and specifications, which aid the companies in obtaining a competitive edge

North America steel roofing market share, by application, 2018 (%)           


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https://www.grandviewresearch.com/industry-analysis/north-america-steel-roofing-market/request/rs1

Key Topics Covered

 Chapter 1. Methodology and Scope

                     1.1. Research Methodology

                     1.2. Research Scope & Assumption

                     1.3. Information Procurement

                          1.3.1. Purchased Database

                          1.3.2. GVR’s Internal Database

                          1.3.3. Secondary Sources & Third-Party Perspectives

                          1.3.4. Primary Research

                     1.4. Information Analysis

                          1.4.1. Data Analysis Models

                     1.5. Market Formulation & Data Visualization

                     1.6. Data Validation & Publishing

Chapter 2. Executive Summary

                     2.1. Market Outlook

                     2.2. Segmental Outlook

                     2.3. Competitive Insights

Chapter 3. North America Steel Roofing Market Variables, Trends & Scope

                     3.1. Market Lineage Outlook

                          3.1.1. Global Roofing Materials Market Outlook

                     3.2. North America Steel Roofing Market – Market Segmentation

                     3.3. Market Definitions

                     3.4. Penetration and Growth Prospect Mapping

                     3.5. North America Steel Roofing – Value Chain Analysis

                     3.6. Technology Overview

                     3.7. Regulatory Framework

                     3.8. North America Steel Roofing – Market Dynamics

                          3.8.1. Market Driver Analysis

                               3.8.1.1. Growth of construction industry in North America

                               3.8.1.2. Increasing awareness regarding green buildings

                          3.8.2. Market Restraint Analysis

                               3.8.2.1. Volatile steel prices

                          3.8.3. Industry Challenges

                     3.9. Business Environment Analysis: North America Steel Roofing Market

                          3.9.1. Porter’s Analysis

                               3.9.1.1. Supplier Power

                               3.9.1.2. Buyer Power

                               3.9.1.3. Threat of Substitute

                               3.9.1.4. Threat of New Entrants

                               3.9.1.5. Competitive Rivalry

                          3.9.2. PESTEL Analysis

                               3.9.2.1. Political Landscape

                               3.9.2.2. Environmental Landscape

                               3.9.2.3. Technological Landscape

                               3.9.2.4. Economic Landscape

                               3.9.2.5. Legal Landscape


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About Grand View Research

Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.

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