Global Roofing Materials Market: Snapshot
The global roofing materials market is all set to show stupendous graph of revenues during the forecast period of 2020 to 2030. One of the key reasons driving market growth is rapid urbanization and growing worldwide population. There are different types of roofing materials such as concrete and clay tiles, asphalt shingles, plastics, metal roofs, and others available in the market.
An upcoming research report from TMR on the global roofing materials market provides comprehensive study of key factors including drivers, restraints, opportunities, and challenges in this market. Apart from this, the report offers dependable data on volume, shares, revenues, and probable growth avenues in the market for roofing materials. Thus, the report works as a valuable guide of the roofing materials market for the forecast period of 2020 to 2030.
The global roofing materials market is segmented on the basis of various key factors such as product, application, and region. Based on application, the market for roofing materials is classified into residential and non-residential.
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Global Roofing Materials Market: Growth Dynamics
In recent period, the world is witnessing remarkable investments in redevelopment and renovation of residential as well as commercial buildings. As a result, there is tremendous growth in demand for roofing materials. Many government bodies in emerging economies are offering financial support for the development of housing infrastructure. Apart from this, the global roofing materials market is growing on the back of growing population in the world.
Rising per capita income of major worldwide population is working as a driver for the global roofing materials market. Many companies engaged in construction sector from all across the world are inclined toward the incorporation of advanced technologies. For instance, many enterprises are using drones to perform the survey the roofs. In addition to this, increasing use of 3D technology to produce diverse structural components of the roofing systems is expected to positively impact on the growth of the global roofing materials market.
Global Roofing Materials Market: Competitive Analysis
The global roofing materials market is fairly fragmented in nature. Presence of many active players makes the competitive landscape of the market for roofing materials extremely intense. Vendors working in this market are focused on the development of durable as well as easy-to-install products. Apart from this, growing efforts of major players to offer cost-effective and superior quality products is expected to fuel the growth of the global roofing materials market in the forthcoming years. Some of the trending strategies among key vendors in the market for roofing material today are partnerships, mergers, acquisitions, and collaborations.
The list of key players in the global roofing materials market includes:
- Atlas Roofing Corporation
- GAF Materials Corporation
- Braas Monier Building Group
- Owens Corning
- Boral Ltd.
- Carlisle Companies Inc.
- Johns Manville
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Global Roofing Materials Market: Regional Assessment
The global roofing materials market is spread across five key regions, namely, Asia Pacific, North America, Europe, Middle East & Africa, and Central & South America. Of them, Asia Pacific is one of the lucrative regions in the market for roofing materials. One of the key reasons boosting the growth of market for roofing materials is thriving construction sector in this region. Remarkable growth in new construction as well as renovation activities, growth in industrial operations, specifically in India and China, and growing population are some of the key drivers for the roofing materials market in Asia Pacific.
This intelligence report by TMR is the outcome of intense study and rigorous assessment of various dynamics shaping the growth of the market. TMR nurtures a close-knit team of analysts, strategists, and industry experts who offer clients tools, methodologies, and frameworks to make smarter decisions. Our objective, insights, and actionable analytics provide CXOs and executives to advance their mission-critical priorities with confidence.
The scrutiny of the various forces impacting the dynamics of the market, and key and associated industries, guides enterprises in understanding various consumer propositions. Our clients leverage these insights and perspectives to enhance customer experience in the fast-paced business environment.
All our insights and perspectives are broadly based on 4 Pillars or Stages: ASBC-S, which offer an elaborate and customizable framework for the success of an organization. The essence and the roles of these in organizational successes are highlighted below:
- Agenda for CXOs: TMR, through the study, sets the tone for agendas that are pertinent to CEOs, CFOs, CIOs, and other CXO executives of businesses operating in the market. The perspectives help our clients to bridge the gap between agenda and action plan. TMR strives to offer guidance to CXOs to undertake mission-critical activities empowered by various business analysis tools, and boost the performance of the organizations. The perspectives guide you to decide on your own marketing mix that align well with the policies, visions, and mission.
- Strategic Frameworks: The study offers how organizations are setting both short-term and long-term strategic plans. Our team of experts collaborate and communicate with you to understand these to make your organizations sustainable and resilient during tough times. The insights help them decide sustainable competitive advantage for each business units.
- Benchmarking for Deciding Target Markets and Brand Positioning: The assessments in the study provides a scrutiny of marketing channels and marketing mix. Our various teams work synergistically with you to help identify your actual and potential direct, indirect, and budget competition areas. Additionally, the study helps you decide most effective budgets for various processes and promotional activities. Furthermore, the study guides you to set benchmarks for integrating people and processes with the 4Ps of marketing. Eventually, this will empower you to find out unique propositioning strategies and niches.
- Business Composability for Sustainability (C-S): Constant strategy planning for sustainability characterizing our C-S framework in the report has become more relevant than before in the face of disruptions caused by pandemics, recessions, boom and bust cycles, and changing geopolitical scenario. The TMR study offers a high level of customization to help you achieve business composability. Composable enterprises are increasingly gaining the attention of CXOs in order to help them combat market volatility. Our analysts and industry experts help you wade through such uncertainties and guide you to become a smart sustainable business in entirety.
The study presents scrutiny of region-specific consumer and technology trends, including the most recent industry dynamics. These broadly cover but not limited to
- North America, South America, and the Americas
- Asia Pacific and Japan
- Latin America
- Middle East and Africa
The study offers data-driven insights and guidance of several aspects. Some of the more notable questions are:
- What are the major recent trends that can influence the product life cycle and the RoI?
- Which regulatory trends shape corporate-level, business-level, and functional-level strategies?
- Which micromarketing initiatives of leading players will bring in investments?
- What can be the best framework and tools for PESTLE analysis?
- Which regions will witness rise in new opportunities?
- Which are the game-changing technologies being used to capture new revenue streams in the near future?
- Which operational and tactical frameworks are being adopted by various players in gaining customer loyalty?
- What is the current and expected intensity of competition the market in the near future?
Disclaimer: This market research study is an ongoing effort and extreme care has been taken to maintain the highest levels of accuracy at all stages. However, in the light of the rapidly evolving business dynamics, some region-specific or other segment-specific changes may take time to be part of the study.