Table of Contents
Historical Data, Premium Insights, Market Dynamic, Analysis and Projection, By Product, Analysis and Projection, By Application, Analysis and Projection, By End-Use, Analysis and Projection, By Regional Analysis, Competitive Landscape, Company Profiles, Market Revenue, Sale & Price Analysis
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According to a research report published by Spherical Insights & Consulting, The Global Steel Roofing Market Size is Expected to Grow from USD 12.45 Billion in 2023 to USD 19.44 Billion by 2033, at a CAGR of 4.56% during the forecast period 2023-2033.
Browse key industry insights spread across 210 pages with 110 Market data tables and figures & charts from the report on the Global Steel Roofing Market Size, Share, and COVID-19 Impact Analysis, By Type (Corrugated Sheet Panels, Steel Shingles & Shakes, Stone-Coated Steel Tiles, and Standing Seam), By Application (Non-Residential and Residential), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033.
Steel is the primary material used in steel roofing systems. Steel roofs are offered in a broad variety of coatings and paints to accommodate the various requirements of particular homes. The steel roof is an important component of building architecture in addition to its practical use of shielding the structure from deterioration. Simply using steel material as the primary roofing component in the form of panels or sheets is known as steel roof implementation. Steel roofing is frequently used in commercial, residential, and industrial constructions because of its well-known capacity to withstand decades of use, withstand the effects of severe weather, and maintain structural integrity all at once. Therefore, it is usual practice to apply corrosion protection coatings on steel to increase its durability against rotting and other chemical reactions. The durability that was previously unachievable is something that they are designed to have, and they can withstand rain, hail, and even the greatest gales. The global demand for steel roofing in building remodeling and retrofitting is expected to drive the market in the coming years. Retrofitting adds features to existing structures, such as insulation, double glazing, and roofing. Steel retrofitting is affordable, durable, energy-efficient, and fast, and can reduce energy demand and costs. As existing buildings make up most of the built environment, these retrofits are essential. However, steel roofing market growth in building remodeling and retrofitting is expected due to its affordability, durability, and energy efficiency.
The standing seam segment is predicted to hold the highest market share through the forecast period.
Based on the type, the steel roofing market is classified into corrugated sheet panels, steel shingles & shakes, stone-coated steel tiles, and standing seam. Among these, the standing seam segment is predicted to hold the highest market share through the forecast period. Standing seam roof systems are hidden fixed roof systems with flat areas between vertical ribs, providing excellent water resistance and a seamless appearance. They are suitable for wide temperature ranges and allow for expansion and contraction without gaps, ensuring weather tightness under various conditions.
The non-residential segment is anticipated to hold the greatest market share during the projected timeframe.
Based on the application, the steel roofing market is divided into non-residential and residential. Among these, the non-residential segment is anticipated to hold the greatest market share during the projected timeframe. Steel metal roofing systems are widely employed in non-residential construction because of their strength and resistance to fire. These roofing systems are perfect for commercial use because they require less upkeep. Steel roofs are also used on a variety of industrial buildings because they can reflect UV and infrared rays from the sun, potentially reducing cooling expenses by 10% to 20%.
Asia-Pacific is estimated to hold the largest share of the steel roofing market over the forecast period.
Asia-Pacific is estimated to hold the largest share of the steel roofing market over the forecast period. The Asia-Pacific steel roofing market is expected to grow due to the growth of developing nations like Thailand, South Korea, China, and India. These countries have a growing consumer base in various sectors, including agriculture, residential, and commercial. The construction of infrastructure in these regions, particularly in India and China, is expected to drive high growth in the steel roofing market.
Europe is predicted to have the fastest CAGR growth in the steel roofing market over the forecast period. The market for steel roofing is expected to grow quickly in the upcoming years as a result of the good quality of life and the resurgence of construction projects. Growing investments in the building sector in Europe's top economies have given the area a dominant position in the market.
Company Profiling
Major key players in the steel roofing market include Cornerstone Building Brands Inc. (MBCI), Ideal Roofing, Lifetite Metal Product LLC, Metal Sales Manufacturing Corporation, Linyi Jinhu Color Coating Aluminum Industry Co., Ltd, Central States Mfg, ATAS International, Inc., Tata BlueScope Steel, Bansal Roofing Products, and Stellar Buildtech, and Others.
Recent Development
Key Target Audience
Market Segment
This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the steel roofing market based on the below-mentioned segments:
Global Steel Roofing Market, By Type
Global Steel Roofing Market, By Application
Global Steel Roofing Market, By Regional Analysis
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