Global Steep Slope Roofing Materials Market to Reach a Value of US$ 14.63 Bn by 2022

Published on : Dec 13, 2017

Albany, New York, December 13, 2017: According to the comprehensive study titled “Steep Slope Roofing Materials Market: Global Industry Analysis (2012-2016) and Forecast (2017-2022)” added recently into the repository of Market Research Hub (MRH), the steep slope roofing materials market is estimated to generate a revenue of US$ 14,630 Mn by 2022 during the forecast period from 2017 to 2022. The informatory report is focused on overall steep slope roofing materials market analyzing its past trends and future prospects during 2017 to 2022. The report helps new entrants and existing players with an in-depth analysis in order to make strategic decisions.

The study begins with an executive summary providing key details on steep slope roofing materials market such as CAGR and market share. It’s another section of market overview contains basic introduction, market definition and market taxonomy of steep slope roofing materials market. This section also covers market size and forecast from 2012 to 2022, year-on-year growth, market dynamics, global housing stock, installation cost benchmark to mention a few. The market dynamics section of the report discusses factors driving the market as well as restraints to the growth of the market.

Steep slope roofs are a choice of customers and architects both since they come with numerous advantages. Steep slope roofs add artistic appeal, affordable, long service life, resistance to wind, low maintenance requirements, can be transformed into variety of shapes, increase the water run-off rate. According to the report, the demand of steep slope roofing materials with so many benefits, is dependent with the growth in the construction industry. Also, increasing disposable income, growing population and development of overall economy growth rate are also some of the factors driving the steep slope roofing materials market.

For detailed analysis, the report has segmented steep slope roofing materials market into material type, end market, form and region. The material type segment is further sub-segmented into asphalt single, tiles, metal, concrete, slate and wood.  The end market is divided into new construction and re-roofing. The report analysis predicts that the new construction segment is expected to exhibit close to 3% CAGR during the forecast period. The form segment is categorized into strips, laminates and heavy weight laminates. Geographically, the key regions considered for detailed analysis are North America, Europe, Latin America, Asia Pacific Excluding Japan, Japan and Middle East and Africa. According to the study, North America region is expected to dominate the global steep slope roofing materials market in terms of value.

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