Metal Roofing Market Outlook - 2030
The metal roofing market size was valued at $23.8 billion in 2020, and is projected to reach $33.5 billion by 2030, growing at a CAGR of 3.5% from 2020 to 2030.
Metal roofing system is made up of metal or tile components, which are designed to last longer than other roofing materials. Many people choose metal roofing as it is long-lasting and resilient in buildings and homes. Metal roofing is made up of several different types of metals and the durability of metal roofing is determined by the type of metal utilized. Other materials, such as wood, plastic, or glass have their own set of advantages, but metal outperforms them all. Metal is the most durable of all materials, and it is capable of dealing with any challenge. Metal roofing is made to withstand severe winds, snow, rain, and other elements. If metal roofing is properly installed in a home or building, it requires very little maintenance.
The growth of the metal roofing market is primarily driven by increasing construction and infrastructure development across residential, commercial, and industrial sectors. As urbanization accelerates and new building projects emerge, there is a rising demand for durable, cost-effective, and energy-efficient roofing materials. Metal roofing, known for its long lifespan, low maintenance, and resistance to extreme weather conditions, is becoming a preferred choice in both developed and developing regions. As of January 2023, the U.S. construction industry's revenue was valued at around $2.8 trillion, with a 12.8% increase from January 2022. The industry's revenue has risen at an annualized rate of 2.7% from 2016 to 2021.Moreover, as governments and developers prioritize sustainable and green building practices, metal roofing, which can be made from recyclable materials, aligns with environmental goals. This expanding construction activity, coupled with the benefits of metal roofing, is fueling significant market growth across global regions.
High initial installation costs significantly restrain the growth of the metal roofing market. While metal roofing offers long-term durability, energy efficiency, and low maintenance, the upfront investment is notably higher compared to traditional materials like asphalt shingles or tiles. The need for specialized labor and tools for installation further adds to the cost, making it less appealing to budget-conscious consumers or those in price-sensitive markets. Additionally, in residential projects, the high initial expenditure can deter homeowners from choosing metal roofing, despite its long-term benefits, thus slowing market adoption. As a result, cost remains a key barrier to wider acceptance.
The rising popularity of solar-integrated metal roofs presents a key opportunity for the metal roofing market as sustainability and energy efficiency become top priorities for consumers and businesses. Solar panels are increasingly being integrated directly into metal roofs, offering a seamless, durable, and cost-effective solution for harnessing solar energy. Metal roofs are ideal for this integration due to their longevity, strength, and ability to support solar infrastructure. As demand for renewable energy grows, solar-integrated metal roofs are gaining traction, offering property owners the dual benefits of durable roofing and reduced energy costs, while contributing to a lower carbon footprint.
Market Segmentation
The metal roofing market is segmented on the basis of metal type, product type, end-user, and region. By metal type, the market is classified into copper, aluminum, zinc, steel, and others. By product type, it is segmented into panel, corrugated, tile, shingle, and others. By end-user, it is divided into residential, commercial, agricultural, and industrial. On the basis of region, the metal roofing market is studied across North America, Europe, Asia-Pacific, and LAMEA. The metal roofing market analysis covers in-depth information of the major industry participants.
Metal Roofing Market, By Metal Type
By metal type, the steel segment garnered 44.2% share in terms of revenue in 2020 and expected to grow at CAGR of 3.0% during the forecast period. This is attributed to its dominant application in end users such as industrial, commercials, and others. In addition, development of infrastructure in emerging economies with supportive government policies boosts the demand for steel roofing.
By Metal Type
Steel holds a dominant position in 2020 and Zinc is projected as the most lucrative segment.
Metal Roofing Market, By Product Type
By product type, the panel segment garnered 38.2% share in terms of revenue in 2020 and expected to grow at CAGR of 3.0% during the forecast period. Contractor demand for insulated roofing panels for ceilings and walls has surged in recent years because sandwich panels improve thermal insulation, weather protection, and reduce interstitial condensation and cold bridging.
By Product Type
Shingle is projected as the most lucrative segment.
Metal Roofing Market, By End user
By end user, the commercial segment garnered 38.0% share in 2020, in terms of revenue. In addition, residential segment garnered 36.0% share in 2020 this is attributed to the development of infrastructure in the developed and emerging countries, the residential sector, have witnessed significant investments especially in India. Some of the projects were halted in early 2020 owing to outbreak of COVID-19. Moreover, participation of developing countries in the commercial and industrial sector is expected to boost the growth of the metal roofing market during the forecast period.
By End User
Residential is projected as the most lucrative segment.
Metal Roofing Market, By Region
Region-wise, Asia-Pacific is expected to grow at a CAGR of 3.9% during the forecast period. This is attributed to presence of emerging economies such as India, China, South Korea, and Thailand. These emerging economies has rapidly growing consumer base such as agricultural, residential, industrial, commercial, and others. China is one of the major contributors to the market owing to huge consumer base and presence of key players in the metal roofing market.
By Region
Asia-Pacific holds a dominant position in 2020 and expected to register the highest CAGR during the forecast period.
Key benefits for stakeholders
- The report outlines the current metal roofing market trends and future scenario of the metal roofing market from 2020 to 2030 to understand the prevailing opportunities and potential investment pockets.
- The metal roofing market size is provided in terms of revenue.
- The report provides in-depth analysis of the market along with the current and future metal roofing market trends.
- This report highlights the key drivers, opportunities, and restraints of market along with the impact analysis during the forecast period.
- Porter’s five forces analysis helps analyze the potential of buyers & suppliers and the competitive scenario of the industry for strategy building.
- The study provides a comprehensive analysis of the factors that drive and restrain the market growth.
Metal Roofing Market Report Highlights
| Aspects | Details |
 By Metal type |
|
 By Product Type |
|
 By End user |
|
 By Region |
|
 Key Market Players | MBCI, IDEAL ROOFING, LIFETITE METAL PRODUCT LLC, METAL SALES MANUFACTURING CORPORATION, ADITYA PROFILES, LINYI JINHU COLOR COATING ALUMINUM INDUSTRY CO., LTD, BORAL ROOFING, MCELROY METAL, CENTRAL STATES MFG, ATAS INTERNATIONAL, INC. |
Analyst Review
According to insights of CXOs of leading companies, adoption of metal roofing is highest in Asia-Pacific, owing to rise in urban population and industrialization. However, there is availability of alternatives for metal roofs such as bitumen roofing, tile roofing, reinforced cement concrete, and plastics. One of the most popular alternatives are polycarbonate sheets. Polycarbonate sheets are being widely used in many end-use industries. This is attributed to its exceptional physical and chemical properties such as high toughness, high impact strength, chemical & heat resistant, transmittance, and UV resistant. On the contrary, in the coming years, it is expected that the progress of COVID-19 vaccination activities may boost construction activities and boost the construction industry. This might increase demand for metal roofs.
Key factor boosting the market growth are government support for construction projects in numerous countries.
The metal roofing market size was valued at $23.8 billion in 2020, and is projected to reach $33.5 billion by 2030, growing at a CAGR of 3.5% from 2021 to 2030.
Ideal Roofing, MBCI, McElroy Metal, and Centre States MFG Metal are, are some of the major players in the metal roofing market.
Residential sector is projected to increase the demand for metal roofing.
Metal Type ? Copper ? Aluminium ? Zinc ? Steel ? Others o Product Type ? Panel ? Corrugated ? Tile ? Shingle ? Others o End User ? Residential ? Commercial ? Agricultural ? Industrial
Increase in demand for metal roofing, owing to its beneficial properties
The adoption of metal roofing from industrial sector is expected to drive the metal roofing market growth
The COVID-19 pandemic has negatively impacted the metal roofing market growth owing to disturbed construction activities around the globe.
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