by Corinne Gangloff
March 30, 2022
Cleveland OH, March 30, 2022 – A new Freedonia Group analysis forecasts roofing demand in value terms to rise at an average annual pace of 8.2% through 2025, significantly outperforming area market gains:
In area terms, market growth will be minimal, restricted by an anticipated decline in housing starts following a significant increase in 2021 from a high 2020 base, as well as the large amount of storm-related reroofing activity that took place in 2020; these roofs will generally not require additional work in the near term.
Asphalt shingles will continue to account for the largest share of residential roofing demand in value terms. Consumers will keep specifying asphalt shingles due to their:
However, some smaller volume products will register more rapid gains in value terms in residential roofing demand. In particular, bituminous roofing will see rising use, supported by:
Solar roofing will also post strong advances as homeowners and homebuilders (especially in California) install these materials because of their ability to cogenerate electricity.
Want to Learn More?
Residential Roofing, now available from The Freedonia Group, analyzes US residential roofing demand by product, application (new vs. reroofing), slope (steep-slope vs. low-slope), and US geographic region. Demand is provided in both area terms (squares) and value terms (US dollars).
Roofing product demand is segmented by the following product types:
Demand for roofing is also analyzed by housing type:
Provide the following details to subscribe.