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Roofing Market Detailed Qualitative Analysis, Factors Details for Business Development, Top Companies, Trends and Forecast 2024

Roofing Market is the process of conveying a good quality service to customers. focuses on identifying hidden needs or requirements of customers. Report defines the scope of the Roofing market, identifying potential of the Roofing markets and determining optimal pricing for the market, it encouraging potential customers to purchase, and finding the best distribution methods for delivering to customers.

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Market Overview:

  • The roofing market in the Philippines is expected to register a CAGR of 7.21%, during the forecast period (2019-2024). Major factor driving the market studied is the huge growth in the construction of government and private residential building. Moreover, the growth in private, non-residential construction is also expected to contribute to the growth of the market studied. The trend of adopting green buildings is likely to accelerate the growth of the roofing market in the country.
  • – The residential sector dominated the roofing market in the Philippines, in 2018, and is expected to grow during the forecast period, owing to the growing construction activities in the country.
  • – Ongoing and upcoming infrastructure projects and growing prominence for solar rooftop installations are likely to act as opportunities in the future.<

    Key Market Trends:

    Metal Roofing to Dominate the Market

    – Metal roofing is the most popular option for residential roofs in the Philippines. The largest metal roofing sheet is the most consolidated type of metal roofing, while the smallest wedge panels have been developed in the recent decades, to simulate the appearance of tiles and slates.
    – Metal roofing’s life expectancy is more than thrice the durability of asphalt shingles, and warranties vary widely. However, the most companies back their products for 20 to 50 years.
    – Metal roofing is also highly customizable. There are varieties of metal roofing designs, along with various lengths, widths, and thicknesses, which can contribute to the uniqueness of the house. Apart from these advantages of metal roof, it is also energy-efficient and affordable.
    – Most of the metal roofing materials can be installed on gently pitched roofs without leaking, where minimum roof pitch typically is 3-in-12 (the roof rises 3 inches for each horizontal foot).
    – Therefore, the metal roofing market in the Philippines is expected to grow at a high rate, during the forecast period.

    Residential Construction to Dominate the Market

    – Residential construction accounted for the largest share in the market studied, in 2018. The three most common types of roofing for traditional residential houses in the Philippines are asphalt, wood (cedar), and metal.
    – In the residential segment, single-type houses contributed a major share, with 84.6% or 25,254, out of all the residential constructions.
    – Single-type and duplex/quadruple-type houses are almostthe only consumers for roofing materials, while apartments with penthouses can be of very least significance in creating the demand for roofing materials.
    – These growth trends are anticipated to boost the roofing market in the Philippines, over the forecast period.

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    Major Key Players are as Follows

  • Alpha Pro Steel Makers
  • BP Canada
  • Colorsteel Systems Corporation
  • DN Steel
  • FEROOF Co. Ltd
  • Fletcher Building Roof Tile Group
  • Jacinto Color Steel Inc.
  • Marusugi Co. Ltd
  • Metalink
  • Onduline
  • Philsteel Holdings Corporation
  • Puyat Steel Corporation
  • Sanlex Roofmaster Center Co. Inc.
  • Sheehan Inc.
  • Terral
  • Union Galvasteel Corporation
  • Wienerberger AG

    Scope of the Report:

  • This report studies the global Roofing market size, industry status and forecast, competition landscape and growth opportunity.

    Geographical Regions:

    .

    Topics such as sales and sales revenue overview, production market share by product type, capacity and production overview, import, export, and consumption are covered under the development trend section of the Roofing market report.

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    Reasons to Purchase Roofing Market Report Covered:

    • The report examines how Roofing market will develop in the future.
    • Studying various views of the Roofing market with the help of Porter’s five forces analysis.
    • Analyzing the product type that is probable to control the market and regions that are likely to witness the fastest development during the forecast period
    • Identify the new developments, Roofing market shares and strategies employed by the key market players.
    • Competitive landscape including the market share of major players along with the key strategies accepted for growth in the past five years
    • Complete company profiles covering the product offerings, key financial information, current developments, SWOT analysis and strategies employed by the major Roofing market players

    Detailed TOC of Roofing Market – Growth, Trends, and Forecast (2019 – 2024)

    1 INTRODUCTION
    1.1 Study Deliverables
    1.2 Study Assumptions
    1.3 Scope of the Study

    2 RESEARCH METHODOLOGY

    3 EXECUTIVE SUMMARY

    4 MARKET DYNAMICS
    4.1 Drivers
    4.1.1 Huge Growth in Construction Activities
    4.1.2 Gain in the Trend of Green Buildings
    4.2 Restraints
    4.3 Industry Value Chain Analysis
    4.4 Porters Five Forces Analysis
    4.4.1 Bargaining Power of Suppliers
    4.4.2 Bargaining Power of Consumers
    4.4.3 Threat of New Entrants
    4.4.4 Threat of Substitute Products and Services
    4.4.5 Degree of Competition

    5 MARKET SEGMENTATION
    5.1 Product Type
    5.1.1 Asphalt Shingles
    5.1.2 Tile Roofing
    5.1.3 Metal Roofing
    5.1.4 Other Product Types
    5.2 End-user Industry
    5.2.1 Residential
    5.2.2 Non-residential

    6 COMPETITIVE LANDSCAPE
    6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
    6.2 Market Share Analysis**
    6.3 Strategies Adopted by Leading Players
    6.4 Company Profiles
    6.4.1 Alpha Pro Steel Makers
    6.4.2 BP Canada
    6.4.3 Colorsteel Systems Corporation
    6.4.4 DN Steel
    6.4.5 FEROOF Co. Ltd
    6.4.6 Fletcher Building Roof Tile Group
    6.4.7 Jacinto Color Steel Inc.
    6.4.8 Marusugi Co. Ltd
    6.4.9 Metalink
    6.4.10 Onduline
    6.4.11 Philsteel Holdings Corporation
    6.4.12 Puyat Steel Corporation
    6.4.13 Sanlex Roofmaster Center Co. Inc.
    6.4.14 Sheehan Inc.
    6.4.15 Terral
    6.4.16 Union Galvasteel Corporation
    6.4.17 Wienerberger AG

    7 MARKET OPPORTUNITIES AND FUTURE TRENDS
    7.1 Major Ongoing and Upcoming Infrastructure Projects
    7.2 Growing Prominence of Solar Rooftop Installations

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    Contact Info:

    Name: Ajay More

    Email: [email protected] 

    Organization: Absolute Reports

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