Study Shows Residential/Commercial Roofing Not Sagging, Growth Expected
April 23rd, 2008 — Roofing Contractor Info
A study that was conducted by Principia Partners shows that Residential and Commercial Roofing is not in a slump. Principia expects demand to Grow 5% Annually by 2012.
Principia Partners is an international strategy consulting firm with experience in building products and construction materials. The firm has closely monitored these markets over the past 10 years through various research efforts.
Going forward over the next five years, Principia projects that overall demand will increase from 216 million squares valued at $8.6 billion in 2007 to 250 million squares valued at $10.7 billion by 2012, or 5% compounded average annual growth over this time period.
Breakdown by Roof Type
Asphalt shingles will continue to be the dominant type of roofing product, although the share for 3-tab shingles will decline by 2%.
Metal roofing will grow by $333 million, or 3% annually in value.
Built-up roofs will continue their slow decline as systems requiring less skilled labor and generating lower fumes gain favor.
TPO will continue to slowly gain share from other single-ply membranes, including EPDM and PVC.
Building-integrated photovoltaic (BIPV), green/garden roof systems and reflective roofs will all double in size, or come close to doing so, as home and building owners seek energy savings, and environmentally-friendly construction practices and products gain widespread acceptance and use.
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