Roofing Industry Statistics

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Roofing industry statistics.

Industry market research reports statistics analysis data trends and forecasts. That s 13 growth which is classified as being faster than average. Most of the demand for roofers will stem from roof replacement needs and high job turnover. Other roofing industry statistics roofing industry in the coming years 1 the roofing industry is expected to grow at a compound annual growth rate cagr of 4 9.

The global roofing market size was valued at 92 942 3 million in 2019 and is projected to reach 132 775 6 million by 2027 registering a cagr of 4 6 from 2020 to 2027. While it has been around for a while metal roofing may have something of a rebirth in 2020. Find industry analysis statistics trends data and forecasts on roofing contractors in the us from ibisworld. Industry statistics cover all companies in the united states both public and private ranging in size from small businesses to market leaders in addition to revenue the industry market analysis shows information on employees companies and average firm size.

17 roofing industry statistics and trends roofing industry statistics and trends. Industry market size for roofing contractors. There are currently over 50 000 establishments engaged in the installation roofing siding and sheet. The vast majority of respondents 88 percent said their company is involved with single ply roofing followed by metal 82 percent and then coatings 67 percent.

Seventy four percent of roofers surveyed said that they spent more on labor costs in 2018 about 13 more. Roofing offers protection from heat rain and other atmospheric conditions. Who knows you may get an idea for updating your own home. It is no longer something reserved for barns or industrial buildings now coming in a wide array of styles and colors.

The national roofing contractors association estimates that there are 40 000 unfilled positions in the roofing industry. Adding to that struggle is increased labor costs and regulation. Bureau of labor statistics occupational employment statistics the median annual wage for roofers was 42 100 in may 2019. The roofing industry is expected to grow to 5 3 billion over the next several.

Market size industry statistics. Here are eight roofing industry trends to watch for in 2020.