Global Commercial Roofing Market: Overview
Commercial roofing encompasses a plethora of roofing solutions applied on a building’s exterior structure. These solutions are usually made from diverse materials such as rubber, asphalt, stone slabs, woods, and asbestos. Besides these, roofing products made from rubber shingle, asphalt shingle, and wood shingle are also manufactured. They find use in hotels, malls, offices, and medical centers.
The report presents a comprehensive overview of the global commercial roofing market, covering the various growth drivers, major restraints, and key threats and opportunities. It conducts manufacture cost structure analysis and supply chain analysis, to gauge the prospects for the leading players in the global commercial roofing market. The report also includes plentiful information gauging the opportunities for the new players. For instance, it includes the results of investment feasibility analysis, helping the newer companies understand the prevailing market dynamics better.
Global Commercial Roofing Market: Trends and Opportunities
The commercial roofing market is a crucial part of the construction industry, despite being among the most affected segments during the economic downturn. Overall the market witnessed positive opportunities in the last few years, however, it is currently witnessing challenges in meeting recent energy conservation guidelines. The implementation of stringent building codes across the leading economies also threatened the market’s expansion to an extent. In order to meet the property owner expectation, manufacturers are focusing on developed high-performance commercial roofing materials with better reflectivity and insulation features.
The market is forecast to gain considerably from the expanding construction industry. The rising disposable income of consumers and increasing commercialization are other factors foretold to complement growth of the global commercial roofing market. Despite witnessing an overall positive trajectory, fluctuating prices of certain sources of energy used during the manufacturing process could limit the market’s growth scope. For instance, the volatile crude oil prices are identified as key restraints for the market.
Nevertheless, the increasing use of roofing products in the construction of green building holds immense opportunities for the market. Advanced commercial roofing products are demanded at an increasing rate because they are thought to have comparatively lower environmental impact, and are therefore are the chief drivers of the recent changes in the process of designing buildings. Other restraints and opportunities besides the ones aforementioned and those projected to have a profound impact on the global commercial roofing market is studied in detail.
Global Commercial Roofing Market: Regional Outlook
Regionally, Asia Pacific, North America, Europe, and Rest of the World comprise the key market segments. Among these regions, the market in North America is expected to witness the highest demand for commercial roofing, trailed by Europe. However, the expanding construction market in emerging nations such as India and China, has resulted into a higher market penetration in Asia Pacific.
The report studies in detail, the various factors contributing towards the market’s expansion across the aforementioned regions. Besides this, the impact of their respective laws on the commercial roofing market is determined as well. Based on in-depth research, the most lucrative markets as well as the emerging ones are identified. In order to present a refined outlook, the report also analyzes the prevailing market restraints.
Global Commercial Roofing Market: Vendor Landscape
In order to study the market’s vendor landscape, the report includes profiles of some of the leading companies operating therein. It also conducts SWOT analysis on them to gauge the strengths and weaknesses of the companies profiled. The analysis also provides a round-up of the opportunities and threats that these companies are likely to witness over the course of the report’s forecast period.
Some of the most prominent enterprises operating in the global commercial roofing market are CertainTeed Corporation, Roofscapes Inc., Atlas Roofing, Weston Solutions Inc., Genflex Roofing Sytems, and Building Products of Canada.
Geographies analyzed under this research report include
- North America
- Asia Pacific
- Rest of the World
This report gives you access to decisive data such as:
- Market growth drivers
- Factors limiting market growth
- Current market trends
- Market structure
- Market projections for the coming years
Key highlights of this report
- Overview of key market forces propelling and restraining market growth
- Up-to-date analyses of market trends and technological improvements
- Pin-point analyses of market competition dynamics to offer you a competitive edge
- An analysis of strategies of major competitors
- An array of graphics and SWOT analysis of major industry segments
- Detailed analyses of industry trends
- A well-defined technological growth map with an impact-analysis
- Offers a clear understanding of the competitive landscape and key product segments
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.