Steel Roofing Market

Global Steel Roofing Market By Product Type (Corrugated Steel Panels, Steel Shingles and Shakes, Stone-coated Steel Tiles, and Standing Seam), By Application (Commercial, Industrial, and Residential) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa)

  • Report ID: CM-85
  • Author: Growth Market Reports
  • Rating: 4.8
  • Total Reviews: 25
  • No. Of Pages: 144
  • Format:
  • Pub. Date: 2020-07-14
  • Share:

Market Outlook:

The global steel roofing market was valued at USD 7,644.5 Million in 2019 and has been projected to reach USD 11,079.0 Million by 2027, expanding at a CAGR of 4.8% during the forecast period. Roofing is made from different materials such as concrete, brass, stainless steel, copper, and zinc alloys. Each of these has varying longevity, size, and appearance. Steel and aluminum are widely used metals for roofing materials. Steel roofing solutions are becoming increasingly popular as architects, designers, and homeowners want sleek and innovative alternatives for conventional work. Steel Roofing are lightweight, cost-effective, easy to install, requires low maintenance, and is reliable.

Global Steel Roofing Market Summary

Market Dynamics
Drivers

Factor driving the global steel roofing market include the growth of the construction industry in emerging economies due to urbanization and growing demand for energy-efficient and eco-friendly roofing systems. In roofing systems, the adoption of the solar power and energy code affect the metal roofing market as it requires steel roofing. Steel roof panels are more energy efficient than other common roofing materials, including asphalt panels. Furthermore, several other benefits of steel roofing include the clean, architectural look, and vivid colors. Therefore, the popularity of steel roofing among homeowners has been increasing.

Steel roofing are considered to be fire-resistant which make them safe and majorly popular in industrial buildings. Steel roofing recommended in hail-prone areas owing to its impact resistance attribute, in hurricane areas due to its wind-resistance, and in areas prone to forest fires attributed to its fire resistance. Moreover, steel roofs are resistant to mildew, insects, heat, snow, and rot which make its maintenance less costly. This is expected to drive the global steel roofing market.

It is relatively easy to build steel roofs or install over existing the roof. Additionally, steel roofs are useful in times of raw weather and in areas that frequently experience hurricanes and cyclones. Light weight of steel saves engineering and construction time required for the supporting framework, which in turn drives market growth.

Opportunity
Recent technological developments and rise in R&D spending in the construction industry are creating lucrative opportunities for key players in the market.
 

Segmental Outlook

In terms of types, the steel roofing market has been segregated into corrugated steel panels, steel shingles and shakes, stone-coated steel tiles, and standing seam. Corrugated steel panels segment has been anticipated to expand at a CAGR of 4.7% during the forecast period due to rising preference towards lightweight sheets and ease of installation. The steel shingles and shakes segment has been estimated to hold 19.0% share of the market in 2020 owing to its ability to be durable as well as less corrosive from harsh weather conditions.

Global Steel Roofing Market By Type

Based on applications, the market is segmented into industrial, residential, and commercial. The industrial segment is projected to hold a major share of the market being valued at USD 3,842.4 Million in 2019 and growing at a significant CAGR during the forecast period. The growth of the segment is attributed to effective insulation attributes provided by steel roofing. The commercial segment is expected to expand at a CAGR of 4.9% due to developments and improvements in infrastructure technology for commercial applications.

Global Steel Roofing Market By Application

Regional Outlook

In terms of regions, the market is fragmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific is a promising region for the market. The region accounted for 39.5% share of the market in 2019. The market in the region is projected to expand at a CAGR of 4.4% during the forecast period. Increasing population and urbanization in the region and high demand for low-maintenance roofs are driving the steel roofing market in Asia Pacific. The market in North America is projected to expand at a CAGR of 3.9% owing to implementation of environment friendly regulations by the government in the construction sector. The market in Middle East & Africa is expected to grow at a sluggish pace due to the lack of awareness and acceptance of steel roofing.

Global Steel Roofing Market By Region

Competitive Landscape

  • Key players in the market include CertainTeed, Cornerstone Building Brands, DECRA Roofing Systems, Inc., Fletcher Steel Limited (Dimond Roofing), Lindab, Metal Sales Manufacturing Corporation, Rautaruukki Corporation, Tata Bluescope Steel, The OmniMax International, and Tata Steel. These companies are considered manufacturers of Steel Roofing based on their revenue, research development (R&D) activities, regional presence, and supply chain management system.
  • The players are adopting key strategies such as acquisition, and geographical expansion where potential opportunity for the Steel Roofing extraction is added in the company’s capacity.
  • For instance, In March 2020, Cornerstone Building Brands, announced the acquisition of Kleary Masonry, Inc., a leading Northern California manufacturer of stone veneer installer; thereby expanding the Cornerstone Building Brands company's turnkey stone veneer offering.
  • In April 2019, CertainTeed confirmed the acquisition of the wood ceilings business of Norton Industries. The latter company has a wide collection of fine wood ceilings and wall designs that are used in various major projects in North America.

Global Steel Roofing Market By Key Players

Key Benefits for Industry Participants & Stakeholders

  • In-depth Analysis of the Global Steel Roofing Market
  • Historical, Current and Projected Market Size in terms of Value
  • Potential & Niche Segments and Regions Exhibiting Promising Growth Covered
  • Industry Drivers, Restraints and Opportunities Covered in the Study
  • Recent Industry Trends and Developments
  • Competitive Landscape & Strategies of Key Players
  • Neutral Perspective on Global Steel Roofing Market Performance

Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Steel Roofing Market Overview
   4.1 Introduction
      4.1.1 Market Taxonomy
      4.1.2 Market Definition
      4.1.3 Macro-Economic Factors Impacting the Market Growth
   4.2 Steel Roofing Market Dynamics
      4.2.1 Market Drivers
      4.2.2 Market Restraints
      4.2.3 Market Opportunity
   4.3 Steel Roofing Market - Supply Chain Analysis
      4.3.1 List of Key Suppliers
      4.3.2 List of Key Distributors
      4.3.3 List of Key Consumers
   4.4 Key Forces Shaping the Steel Roofing Market
      4.4.1 Bargaining Power of Suppliers
      4.4.2 Bargaining Power of Buyers
      4.4.3 Threat of Substitution
      4.4.4 Threat of New Entrants
      4.4.5 Competitive Rivalry
   4.5 Global Steel Roofing Market Size & Forecast, 2017-2027
      4.5.1 Steel Roofing Market Size and Y-o-Y Growth
      4.5.2 Steel Roofing Market Absolute $ Opportunity
Chapter 5 Global Steel Roofing Market Analysis and Forecast By Product Type
   5.1 Introduction
      5.1.1 Key Market Trends & Growth Opportunities By Product Type
      5.1.2 Basis Point Share (BPS) Analysis By Product Type
      5.1.3 Absolute $ Opportunity Assessment By Product Type
   5.2 Steel Roofing Market Size Forecast By Product Type
      5.2.1 Corrugated Steel Panels
      5.2.2 Steel Shingles and Shakes
      5.2.3 Stone-coated Steel Tiles
      5.2.4 Standing Seam
   5.3 Market Attractiveness Analysis By Product Type
Chapter 6 Global Steel Roofing Market Analysis and Forecast By Application
   6.1 Introduction
      6.1.1 Key Market Trends & Growth Opportunities By Application
      6.1.2 Basis Point Share (BPS) Analysis By Application
      6.1.3 Absolute $ Opportunity Assessment By Application
   6.2 Steel Roofing Market Size Forecast By Application
      6.2.1 Commercial
      6.2.2 Industrial
      6.2.3 Residential
   6.3 Market Attractiveness Analysis By Application
Chapter 7 Global Steel Roofing Market Analysis and Forecast by Region
   7.1 Introduction
      7.1.1 Key Market Trends & Growth Opportunities by Region
      7.1.2 Basis Point Share (BPS) Analysis by Region
      7.1.3 Absolute $ Opportunity Assessment by Region
   7.2 Steel Roofing Market Size Forecast by Region
      7.2.1 North America
      7.2.2 Europe
      7.2.3 Asia Pacific
      7.2.4 Latin America
      7.2.5 Middle East & Africa (MEA)
   7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
   8.1 Introduction
   8.2 Current & Future Impact Analysis
   8.3 Economic Impact Analysis
   8.4 Government Policies
   8.5 Investment Scenario
Chapter 9 North America Steel Roofing Analysis and Forecast
   9.1 Introduction
   9.2 North America Steel Roofing Market Size Forecast by Country
      9.2.1 U.S.
      9.2.2 Canada
   9.3 Basis Point Share (BPS) Analysis by Country
   9.4 Absolute $ Opportunity Assessment by Country
   9.5 Market Attractiveness Analysis by Country
   9.6 North America Steel Roofing Market Size Forecast By Product Type
      9.6.1 Corrugated Steel Panels
      9.6.2 Steel Shingles and Shakes
      9.6.3 Stone-coated Steel Tiles
      9.6.4 Standing Seam
   9.7 Basis Point Share (BPS) Analysis By Product Type
   9.8 Absolute $ Opportunity Assessment By Product Type
   9.9 Market Attractiveness Analysis By Product Type
   9.10 North America Steel Roofing Market Size Forecast By Application
      9.10.1 Commercial
      9.10.2 Industrial
      9.10.3 Residential
   9.11 Basis Point Share (BPS) Analysis By Application
   9.12 Absolute $ Opportunity Assessment By Application
   9.13 Market Attractiveness Analysis By Application
Chapter 10 Europe Steel Roofing Analysis and Forecast
   10.1 Introduction
   10.2 Europe Steel Roofing Market Size Forecast by Country
      10.2.1 Germany
      10.2.2 France
      10.2.3 Italy
      10.2.4 U.K.
      10.2.5 Spain
      10.2.6 Russia
      10.2.7 Rest of Europe
   10.3 Basis Point Share (BPS) Analysis by Country
   10.4 Absolute $ Opportunity Assessment by Country
   10.5 Market Attractiveness Analysis by Country
   10.6 Europe Steel Roofing Market Size Forecast By Product Type
      10.6.1 Corrugated Steel Panels
      10.6.2 Steel Shingles and Shakes
      10.6.3 Stone-coated Steel Tiles
      10.6.4 Standing Seam
   10.7 Basis Point Share (BPS) Analysis By Product Type
   10.8 Absolute $ Opportunity Assessment By Product Type
   10.9 Market Attractiveness Analysis By Product Type
   10.10 Europe Steel Roofing Market Size Forecast By Application
      10.10.1 Commercial
      10.10.2 Industrial
      10.10.3 Residential
   10.11 Basis Point Share (BPS) Analysis By Application
   10.12 Absolute $ Opportunity Assessment By Application
   10.13 Market Attractiveness Analysis By Application
Chapter 11 Asia Pacific Steel Roofing Analysis and Forecast
   11.1 Introduction
   11.2 Asia Pacific Steel Roofing Market Size Forecast by Country
      11.2.1 China
      11.2.2 Japan
      11.2.3 South Korea
      11.2.4 India
      11.2.5 Australia
      11.2.6 South East Asia (SEA)
      11.2.7 Rest of Asia Pacific (APAC)
   11.3 Basis Point Share (BPS) Analysis by Country
   11.4 Absolute $ Opportunity Assessment by Country
   11.5 Market Attractiveness Analysis by Country
   11.6 Asia Pacific Steel Roofing Market Size Forecast By Product Type
      11.6.1 Corrugated Steel Panels
      11.6.2 Steel Shingles and Shakes
      11.6.3 Stone-coated Steel Tiles
      11.6.4 Standing Seam
   11.7 Basis Point Share (BPS) Analysis By Product Type
   11.8 Absolute $ Opportunity Assessment By Product Type
   11.9 Market Attractiveness Analysis By Product Type
   11.10 Asia Pacific Steel Roofing Market Size Forecast By Application
      11.10.1 Commercial
      11.10.2 Industrial
      11.10.3 Residential
   11.11 Basis Point Share (BPS) Analysis By Application
   11.12 Absolute $ Opportunity Assessment By Application
   11.13 Market Attractiveness Analysis By Application
Chapter 12 Latin America Steel Roofing Analysis and Forecast
   12.1 Introduction
   12.2 Latin America Steel Roofing Market Size Forecast by Country
      12.2.1 Brazil
      12.2.2 Mexico
      12.2.3 Rest of Latin America (LATAM)
   12.3 Basis Point Share (BPS) Analysis by Country
   12.4 Absolute $ Opportunity Assessment by Country
   12.5 Market Attractiveness Analysis by Country
   12.6 Latin America Steel Roofing Market Size Forecast By Product Type
      12.6.1 Corrugated Steel Panels
      12.6.2 Steel Shingles and Shakes
      12.6.3 Stone-coated Steel Tiles
      12.6.4 Standing Seam
   12.7 Basis Point Share (BPS) Analysis By Product Type
   12.8 Absolute $ Opportunity Assessment By Product Type
   12.9 Market Attractiveness Analysis By Product Type
   12.10 Latin America Steel Roofing Market Size Forecast By Application
      12.10.1 Commercial
      12.10.2 Industrial
      12.10.3 Residential
   12.11 Basis Point Share (BPS) Analysis By Application
   12.12 Absolute $ Opportunity Assessment By Application
   12.13 Market Attractiveness Analysis By Application
Chapter 13 Middle East & Africa (MEA) Steel Roofing Analysis and Forecast
   13.1 Introduction
   13.2 Middle East & Africa (MEA) Steel Roofing Market Size Forecast by Country
      13.2.1 Saudi Arabia
      13.2.2 South Africa
      13.2.3 UAE
      13.2.4 Rest of Middle East & Africa (MEA)
   13.3 Basis Point Share (BPS) Analysis by Country
   13.4 Absolute $ Opportunity Assessment by Country
   13.5 Market Attractiveness Analysis by Country
   13.6 Middle East & Africa (MEA) Steel Roofing Market Size Forecast By Product Type
      13.6.1 Corrugated Steel Panels
      13.6.2 Steel Shingles and Shakes
      13.6.3 Stone-coated Steel Tiles
      13.6.4 Standing Seam
   13.7 Basis Point Share (BPS) Analysis By Product Type
   13.8 Absolute $ Opportunity Assessment By Product Type
   13.9 Market Attractiveness Analysis By Product Type
   13.10 Middle East & Africa (MEA) Steel Roofing Market Size Forecast By Application
      13.10.1 Commercial
      13.10.2 Industrial
      13.10.3 Residential
   13.11 Basis Point Share (BPS) Analysis By Application
   13.12 Absolute $ Opportunity Assessment By Application
   13.13 Market Attractiveness Analysis By Application
Chapter 14 Competition Landscape
   14.1 Steel Roofing Market: Competitive Dashboard
   14.2 Global Steel Roofing Market: Market Share Analysis, 2019
   14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
      14.3.1 CertainTeed
      14.3.2 Cornerstone Building Brands
      14.3.3 DECRA Roofing Systems, Inc.
      14.3.4 Fletcher Steel Limited (Dimond Roofing)
      14.3.5 Lindab
      14.3.6 Metal Sales Manufacturing Corporation
      14.3.7 Rautaruukki Corporation
      14.3.8 Tata Bluescope Steel
      14.3.9 The OmniMax International
      14.3.10 Tata Steel

Key Segments Covered
By Product Types
  • Corrugated Steel Panels
  • Steel Shingles and Shakes
  • Stone-coated Steel Tiles
  • Standing Seam
By Applications
  • Commercial
  • Industrial
  • Residential
By Regions
  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • France
    • Italy
    • U.K.
    • Spain
    • Russia
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • South Korea
    • India
    • Australia
    • South East Asia (SEA)
    • Rest of Asia Pacific (APAC)
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America (LATAM)
  • Middle East & Africa (MEA)
    • Saudi Arabia
    • South Africa
    • UAE
    • Rest of Middle East & Africa (MEA)
Key Market Players Profiled in the Report
  • CertainTeed
  • Cornerstone Building Brands
  • DECRA Roofing Systems, Inc.
  • Fletcher Steel Limited (Dimond Roofing)
  • Lindab
  • Metal Sales Manufacturing Corporation
  • Rautaruukki Corporation
  • Tata Bluescope Steel
  • The OmniMax International
  • Tata Steel

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FAQ Section

Some frequently asked quetions about this report!

Additional company profiles can be provided on request.

Yes, the report covers product specific information such as trends and developments etc.

According to this Growth Market Reports report, the market from steel roofing is likely to register a CAGR of 4.8% during forecast period 2020-2027, with an anticipated valuation of USD 11,079.0 million by the end of the 2027.

In addition to market size (in USD Million) and Company Market Share (in % for base year 2019), other data such as short term and long-term outlook for steel Roofing market is available in final report.

Several attributes related to steel roofing such as fire-resistance benefits, resistant to mildew, insects, heat, snow, and rot are key the factors expected to drive the market growth during forecast period.

Commercial, industrial, and residential uses are the key application that are driving the steel roofing market.

Factors such as competitive strength and market positioning are key areas considered while selecting top companies to be profiled.

The market is expected to witness increment of over 2.5% between 2019 and 2020 owing to the positive impact of COVID-19 pandemic on the steel roofing market. The ongoing research of MMR for COVID-19 string is expected to grow the production Steel Roofing.

The base year considered for the global Steel Roofing market report is 2019. The complete analysis period is 2017 to 2027, wherein, 2017 & 2018 are the historic years and the forecast is provided from 2020 to 2027.

Major manufactures include CertainTeed, Cornerstone Building Brands, DECRA Roofing Systems, Inc., Fletcher Steel Limited (Dimond Roofing), Lindab, Metal Sales Manufacturing Corporation, Rautaruukki Corporation, Tata Bluescope Steel, The OmniMax International, and Tata Steel.