Global Prefabricated Roof Curb Market - 2023-2030

Overview

Global Prefabricated Roof Curb Market reached US$ 5.6 billion in 2022 and is expected to reach US$ 7.8 billion by 2030, growing with a CAGR of 6.8% during the forecast period 2023-2030.

The primary driving factors boosting market expansion include increased demand for off-site building and rising demand for prefabricted roofing in energy-efficient prefabricated homes. Furthermore, favourable government incentives and laws encouraging energy-efficient building construction are encouraging project contractors to use panelized building systems into new and rehabilitation builds.

Over the next seven years, India is expected to invest over US$ 1.3 trillion in housing. It is expected that 60 million new dwellings would be built. In 2024, the availability of affordable housing is expected to increase by almost 70%. The Indian government's 'Housing for All by 2022' initiative is major driver for the market. The plan, which sought to create more than 20 million cheap homes for the urban poor by 2022, is being extended until 2024, with a target of 29.5 million pucca housings delivered.

In 2022, Asia-Pacific is expected to be the fastest growing region holding more than 1/3rd of the global prefabricated roof curb market. China drives the region's growth due to the transition from large-scale infrastructure projects and towards more localised ones. Projects encouraging the growth of small and medium-sized cities are all in line with the 13th Five-Year Plan.

Dynamics

Growing Prefabricated Construction Demand

The growing adoption of prefabricated building is driving the market. In 2023, California was the state with the most people. The western parts of U.S. are the most urbanised, with the majority of cities and urban areas. In 2023, the population of U.S. was approximately 339.96 million people. It is still growing and is now the third most populated in the world, after China and India.

In 2023, cities and urban areas have house around 83.1% of the total U.S. population. As the country's urbanisation grows, so does the demand for structures for residential and commercial use. Prefabricated buildings are benefiting from increased demand. Rapid urban housing growth necessitates more accurate planning timeframes and lower prices.

An Increase in Government Initiatives in Construction Industry

The building and construction business is thriving in nations such as India and Singapore, where governments are investing extensively in growing the industry. Singapore's government spends at least US$ 2 billion every month on public infrastructure, as per the Australian Trade and Investment Commission. Furthermore, the Government-wide Circular Economy Programme, which aims to build a circular economy in Netherlands by 2050, is driving the country's construction sector.

Additionally, building and construction activities are expanding as a result of different government efforts such as Foreign Direct Investment. Prefabricated building systems provide various advantages, including eco-friendliness, flexibility, decreased site interruption and cost savings and are therefore widely employed in the construction of residential and non-residential buildings.

High Costs and Design Restrictions

Prefabrication provides efficiency and cost benefits in some circumstances but the initial costs for manufacturing facilities and prefabricated component development might be significant. Certain project sizes and types can benefit from prefabrication. Traditional building methods are still be used for large-scale or complex projects, restricting the market penetration of prefabricated roof curbs.

Prefabricated solutions have design flexibility limits at times. Design standardisation is necessary for mass production, which is not appropriate for highly customised unique products. The materials used in prefabricated roof curbs must meet strict durability and performance specifications. Material shortages or scarcity have an impact on the market.

Segment Analysis

The global prefabricated roof curb market is segmented based on type, material, roof, installation, application, end-user and region.

High Security Level of Hybrid Roof

Residential is expected to be the fastest growing segment with less than 1/4th of the market during the forecast period 2023-2030. The key application for the global prefabricated roof curb market is the residential industry. The systems provide design freedom and precision in construction while controlling costs and reducing construction time. The growing number of migrants in U.S. and Europe has put strain on existing residential infrastructure.

As a result, the countries having advanced infrastructure and real estate areas, are gradually taking the lead in reconstruction and refurbishment projects, as well as new residential constructions. In 2022, U.S. government announced plans to invest US$ 3.16 billion to convert about 450,000 low-income dwellings into energy-efficient constructions to reduce the country's power bills.

Geographical Penetration

Growing Residential Construction in North America

North America is the dominant region in the global prefabricated roof curb market covering about 25% of the market. Strong demand for greater living areas and new home construction, home renovation is an important part of residential construction. The annual value of residential building renovation in U.S. is estimated to top US$ 205 billion by 2023. More than 330,000 new rental units are expected to be built across the country, which is equal to the preceding four years of a development boom.

Despite the pandemic's challenges, eight metros are likely to achieve five-year highs in new flat deliveries. The continuous expansion of the new home market means that new homes are still being built, although largely in hot markets. In March 2021, the average home selling price in Canada raised by 31.6% year on year, marking a new high. The demand for prefabricated homes in smaller areas was risen up by record-low leasing rates and the demand for more space.

Competitive Landscape

The major global players in the market include: Waldron of Maryland, Inc. (engineeringair POS), Duravent Group (Roof Products and Systems (RPS)), Roof Products, Inc., Johnson Control, Thybar Corporation, Greenheck Fan Corporation, Holcim Solutions and Products US, LLC (Duro-Last), LMCurbs, O'Dell Associates and Lloyd Industries.

COVID-19 Impact Analysis:

Global transportation and manufacturing operations restrictions have caused delays in raw material production and delivery, affecting the supply chain for roof curb producers. Many contractors were unable to obtain basic supplies such as sand, cement and bricks during the early months of the epidemic due to labor shortages. For example, in UK, a nationwide scarcity of plaster resulted in dramatically higher prices at one point.

Workplace changes, such as greater remote work, may have influenced demand for commercial and industrial buildings. Manufacturers may have observed fluctuations in demand depending on the sort of roof curbs manufactured. Economic uncertainty during the epidemic could have harmed the financial health of roof curb firms. Companies in the roof curb market have explored digital solutions for sales, marketing and operations in order to adapt to changing business settings.

AI Impact

AI algorithms help architects and designers to create optimized roofing designs by taking structural integrity, energy efficiency and aesthetic preferences into account. AI-powered simulations assist in predicting how various roofing materials and designs would function under various conditions, enabling better planning and decision-making. It is linked into smart roofing systems to manage temperature, enhance insulation and improve overall energy efficiency.

Building modelling is a type of 3D model-based method that enables architects, engineers and construction professionals to plan, design and manage buildings & infrastructure more efficiently. To plan and design a project's construction, 3D models consider the architecture, engineering, mechanical, electrical & plumbing plans and the sequence of activities of the relevant teams.

Russia-Ukraine War Impact

The conflict with Ukraine has further disrupted supply networks that were already reeling from a global epidemic, driving up costs, causing material shortages and prolonging project timetables, sometimes dramatically. Transportation channels and international cooperation can be affected, resulting in additional supply chain ripples. The impact of the Russia-Ukraine war on construction was most visible in the building materials sector.

Uncertainties caused by geopolitical events have an effect on construction activity and, as a result, demand for roofing materials. Metal prices increased in the final days of February 2022, reaching all-time highs in the weeks after the start of the conflict. Aluminum prices have risen after the start of Russia-Ukraine conflict. The roofing sector is linked to the construction industry, hence impacting the roof curbs market.

By Type

• Hinged
• Non-Hinged

By Material

• Steel
• Aluminum
• Others

By Roof

• Flat Roof
• Sloped Roof

By Installation

• New Construction
• Renovation and Retrofit

By Application

• Residential
• Commercial
• Industrial
• Others

By End-User

• HVAC Systems
• Roof Top Equipment
• Others

By Region

• North America
  • U.S.
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Russia
  • Rest of Europe
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Asia-Pacific
  • China
  • India
  • Japan
  • Australia
  • Rest of Asia-Pacific
• Middle East and Africa

Key Developments

• In 2021, Kinetics Noise Control Inc., reported that the Vibration Isolation Roof-Curb Model ESR has been granted High Velocity Hurricane Zone approval by Miami-Dade County Product Control Section, NOA No. 21-0809.01. Kinetics ESR is a heavy-duty, full vibration isolation roof curb and rail for packed rooftop equipment weighing more than 20 Tons.
• In November 2021, At the SEMA trade exhibition, Haartz Corporation debuted its new Tonsau roof cover products, including the twill-embossed CoverallTM product first seen on Fox Products. Razor Top, a brand of truck covers that can be lifted and lowered.

Why Purchase the Report?

• To visualize the global prefabricated roof curb market segmentation based on type, material, roof, installation, application, end-user and region, as well as understand key commercial assets and players.
• Identify commercial opportunities by analyzing trends and co-development.
• Excel data sheet with numerous data points of prefabricated roof curb market-level with all segments.
• PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
• Product mapping available as excel consisting of key products of all the major players.

The global prefabricated roof curb market report would provide approximately 86 tables, 82 figures and 227 pages.

Target Audience 2023

• Manufacturers/ Buyers
• Industry Investors/Investment Bankers
• Research Professionals
• Emerging Companies