The global roofing systems market is expected to grow at a CAGR of more than 3% during the forecast period, according to Technavio's latest market research.
This press release features multimedia. View the full release here: http://www.businesswire.com/news/home/20171030006143/en/
Technavio has published a new report on the global roofing systems market from 2017-2021. (Graphic: Business Wire)
In this market research report, Technaviocovers the market outlook and growth prospects of the global roofing systems marketfor 2017-2021. The market is further categorized into two end-user segments, comprising of non-residential and residential users, of which the non-residential segment accounted for more than 58% in 2016.
"The global roofing systems market is expected to grow at a steady pace post 2017. This growth is expected to be driven by the increasing demand for roofing systems in the globalconstruction sector. Increasing investments in urban infrastructure and growth of smart cities will boost residential and commercial construction segments and thereby drive the sales of roofing systems globally during the forecast period," says Gaurav Mohindru, a lead construction research expert from Technavio.
Technavio's research analysts segment the global roofing systems market into the following regions:
- EMEA
- Americas
- APAC
Looking for more information on this market? Request a free sample report
Technavio's sample reports are free of charge and contain multiple sections of the report including the market size and forecast, drivers, challenges, trends, and more.
Roofing systems market in EMEA
EMEA accounted for the largest share of around 39% of the global roofing systems market in 2016. The revival of residential construction in Europe has increased the demand for roofing systems in the region. The increasing number of older people in Europe is expected to boost the demand for hospitals and healthcare services. The increasing life expectancy, population growth, high instances of lifestyle-related chronic diseases, and rising consumer expectations are driving the demand for hospitals and healthcare services throughout the Middle East.
Countries across the Middle East are expanding their healthcare system expenditures for their citizens. For instance, in the UAE, education, healthcare, and social services are the key priorities in the federal budget. The construction of healthcare facilities and educational institutions across this region is expected to drive the demand for roofing systems during the forecast period.
This report is available at a USD 1,000 discount for a limited time only: View market snapshot before purchasing
Buy 1 Technavio report and get the second for 50% off. Buy 2 Technavio reports and get the third for free.
Roofing systems market in Americas
Investments in residential construction are driving the growth of the roofing systems market in this region. Strong growth in the residential construction segment in this region with the increasing number of new housing projects in the US.
The roofing systems market is expected to benefit from the large-scale investments in the manufacturing infrastructure in the Americas. Mexico's manufacturing output is increasing exponentially, driven by the automotive sector and its ancillary industries. With the development and progress of new technology and innovation in the manufacturing sector, older sites and technologies will become obsolete, demanding new manufacturing facilities. This, in turn, will boost the roofing systems market in the region during the forecast period.
Roofing systems market in APAC
The increasing construction of residential buildings is expected to boost the adoption of roofing systems in the region. The urban population in APAC was higher than the global urban population from 2008 to 2015.
"This rapid urbanization in major developing nations of the region and the increase in disposable incomes are expected to boost the residential and commercial construction activities in the region. Thus, in turn, will contribute to the growth of the roofing systems market in the region during the forecast period," says Gaurav.
The top vendors in the global roofing systems market as highlighted in this market research analysis are:
- Braas Monier Building Group
- Boral
- Etex
- Owens Corning
- Saint-Gobain
Browse Related Reports:
- Global Mobile Crushers and Screeners Market 2017-2021
- Global Mobile Homes Market 2017-2021
- Global Concrete and Road Construction Equipment Market 2017-2021
About Technavio
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio's report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
If you are interested in more information, please contact our media team at media@technavio.com.
View source version on businesswire.com: http://www.businesswire.com/news/home/20171030006143/en/
Contacts:
Technavio Research
Jesse Maida
Media Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
www.technavio.com