by Matt Zielenski
November 27, 2018
After several years of depressed demand following the Great Recession, commercial roofing sales reached a high level in 2017, fueled by reroofing activity in the wake of above average storm activity and gains in commercial construction. While storm-related reroofing activity is projected to taper off once repairs to damaged structures have been made, commercial building construction activity is expected to continue to rise going forward, spurring gains in commercial roofing demand, particularly in the following market segments:
Above average gains in office, lodging, and retail construction spending through 2022 will cause demand for commercial roofing products used in this segment to rise at a solid pace. Key market drivers include:
Commercial building components – including roofing – are used extensively in manufacturing facility construction, and US manufacturing activity is expected to post solid gains going forward, bolstered by:
Increased manufacturing activity will lead to growth in industrial construction expenditures as new manufacturing plants are built. This will support demand for a broad range of commercial roofing materials, especially large standing seam metal roofing panels, which are frequently specified for their:
For more information about the size and growth of the US commercial roofing market, check out Commercial Roofing in the US, a new study from The Freedonia Group.
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