Global Information would like to present a market research report, "ROOFING (US industry forecasts for 2014 & 2019)" by .
The market for residential reroofing remains as the largest overall share of roofing demand in 2014. On the other hand, demand for roofing in the nonresidential building construction market is expected to stay constant through 2014. Many industrial sites will shut down because the US economy is transitioning to a service-based economy, meaning there will be less demand for roofing materials in that area. However, the rise of institutional and other nonresidential building construction roofing demands will prevent declines as a result of construction growth in schools, government, and hospital buildings.
Driven by rebounding housing starts, the demand for asphalt shingles is anticipated to grow at an above average rate through the year 2014. Because asphalt shingles are popular and already dominate the large residential roofing market, they will continue to be the most popular roofing product. Meanwhile, roofing tile along with other roofing products are expected to see the most rapid demand gains through 2014. These products will also be driven by the rebound in housing starts, in addition to increasing populations in the Western and Southern regions of the region, where roofing tile most common. As increasing awareness and interest over environmentally friendly roofing products that also help reduce building utility costs continue to expand and gain in popularity, the roofing market is expected to see gains at above average paces in composite shingles, photovoltaic roofing, and green roof systems through 2014.
