ResearchMoz include new market research report “Commercial Roofing Materials: The North American Market” to its huge collection of research reports.
North American commercial roofing market reached nearly $4.3 billion in 2015. This market is expected to increase from nearly $4.5 billion in 2016 to $5.9 billion in 2021 at a compound annual growth rate (CAGR) of 5.5% for 2016-2021.
Hot BUR market is expected to grow from $694.5 million in 2016 to $766.4 million in 2021 at a CAGR of 2.0% from 2016 through 2021.
Green roof market is expected to grow from $74.3 million in 2016 to $128.4 million in 2021 at a CAGR of 11.6% from 2016 through 2021.
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The total value of the North American commercial roofing market is estimated at over $3.2 billion in 2009. This figure is expected to grow at a compound annual growth rate (CAGR) of 12.7% to reach $5.9 billion in 2014.
Hot BUR and green roofing products are expected to have the highest compound annual growth rates (CAGRs) of 24.5% each. Hot BUR will increase in value from $189 million in 2009 to $564 million in 2014. Green roofing will increase from $28 million in 2009 to $83 million in 2014.
SPF roofing will have the highest value of nearly $1.1 billion in 2014, from $420 million in 2009, a compound annual growth rate (CAGR) of 20.6%.
Commercial roofing is a $3.2 billion industry in North America that defines the livelihood of more than 28,000 roofing contractors, thousands of manufacturer employees that produce the products and the distributors that carry these products. Although it was hard hit by the recent economic downturn, the roofing industry remains a vital part of the economy.
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This BCC study is a comprehensive reference work that defines and describes the industry. In preparation of this document, we have read, analyzed and condensed information from industry sources, trade literature, producer and distributor websites and other reference material. The industry is diverse, creative and dynamic. The range of products currently on the market is very broad, far exceeding the ability of any sole distributor to stock and wider than most industry observers may be aware of. There are many smaller producers today that have the capability of growing into major brands tomorrow. Some of these future success stories will ride the wave of demand for new products such as building-integrated photo-voltaic (BIPV) roofing products that are increasingly finding their way into the mainstream of roofing alternatives.
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