Raise the roof: Increasing housing starts will drive industry demand

The Roofing Contractors industry has grown over the five years to 2018, as a result of broad economic improvements in the United States. In recent years, industry profit margins have widened as an abundance of new projects have relieved price-based competition. Alongside profit margin expansion, industry operators have increased the scope of their businesses to meet growing demand stemming from the housing recovery, causing employee and operator numbers to increase. IBISWorld expects moderate growth in industry revenue over the next five years to 2023, underpinned by increased investment in housing and commercial building. Housing starts will continue to drive industry demand upward...purchase to read more.

Industry Statistics & Market Size
Revenue
$42bn
Annual Growth 13-18
3.5%
Forecast Growth 18-23
Profit
Employment
260,921
Businesses
100,367
Market Share of Companies
There are no companies with a dominant market share in this industry

Industry Threats & Opportunities

  • Increasing home valuations and higher per capita disposable income are expected to boost consumer spending
  • While many smaller operators were forced to close shop, many employees that were let go by larger companies remained in the industry
  • Though interest rates are widely expected to approach their historical average during the period, they are expected to grow only gradually
  • Industry Report - Industry Key Buyers Chapter

    The Roofing Contractors industry has a low level of market share concentration, with the top four enterprises accounting for less than 5.0% of total industry revenue. The two largest companies in the industry, CentiMark Corporation and Tecta America Corporation, both have a market share of less than 2.0%. More than three-quarters of industry companies are nonemployers, and of those that do have employees, nearly 80.0% have fewer than 10 workers. IBISWorld estimates that the industry has become more fragmented during the past five years. As the growth in construction activities attracts a large number of nonemployers and individual workmen, the number of enterprises over the five years to 2018 is expected to increase at an annualized rate of 1.0% reaching 99,696 operators...purchase to read more.

    Additional Insights for the Roofing Contractors Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Roofing Contractors Industry are

  • Having contacts within key markets
  • Having a good reputation
  • Ability to expand and curtail operations rapidly in line with market demand
  • IBISWorld analysts also discuss how external factors such as Value of residential construction and Value of private nonresidential construction in the Roofing Contractors industry impact industry performance..

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    What's in this report

    What is the Roofing Contractors Industry?

    Industry operators install roofing and skylights, as well as perform treatments on roofs (e.g. coating, painting, spraying). Work performed includes new work, additions, alterations, maintenance and repairs.

    Industry Products
  • Asphalt Roofing
  • Single-Ply Roofing
  • Sheet-Metal Roofing
  • Industry Activities
  • Installing ceramic or concrete tiles, slate or shingles
  • Installing single-ply, built-up, metal, liquid and modified bitumen roofing systems
  • Installing sheet metal
  • Replacing broken tiles and shingles
  • Repairing capping in cement or acrylic mortar
  • Applying roof sealer compounds and cleaning existing roof materials
  • Installing soffit under easement fascias
  • Securing flashings and cappings and repairing leaks
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Value of residential construction
  • Value of private nonresidential construction
  • Private spending on home improvements
  • Yield on 10-year Treasury note
  • Demand from municipal building construction
  • Housing starts

  • Current Performance
  • Construction markets recover
  • Commercial demand
  • Improving profitability
  • The green movement
  • Chart: Revenue Growth

  • Industry Outlook
  • Housing market expansion
  • Nonresidential demand accelerates
  • Greener pastures
  • Table: Roofing Contractors Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Roofing Contractors Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Home Builders
  • Apartment & Condominium Construction
  • Industrial Building Construction
  • Real Estate and Rental and Leasing
  • Educational Services
  • Commercial Building Construction
  • Consumers

  • Key Selling Industries
  • Aluminum Manufacturing
  • Asphalt Manufacturing
  • Construction & Mining Equipment Wholesaling
  • Property, Casualty and Direct Insurance

  • Products & Services
  • Asphalt Roofing
  • Single-Ply Roofing
  • Other
  • Sheet-Metal Roofing
  • Chart: Roofing Contractors Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Existing nonresidential building market
  • Existing residential building market
  • New nonresidential building construction market
  • New residential construction market
  • Chart: Major Market Segmentation for the Roofing Contractors Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Wages
  • Purchases
  • Rent and utilities
  • Other
  • Chart: Cost Structure Benchmarking – Sector vs Roofing Contractors

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Roofing Contractors Industry

  • Industry Globalization
    There are no major players in this industry. This report includes analysis of other companies.
    Capital Intensity
  • Chart: Level of Capital Intensity for the Roofing Contractors Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Roofing Contractors Industry
    Includes:
  • Industry Revenue (2009-2023)
  • Industry Gross Product (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (2009-2023)
  • Wages (2009-2023)
  • Value of residential construction (2009-2023)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Table: Industry Financial Ratios
    Building Envelope
  • A physical separator between the conditioned and unconditioned environment of a building.
  • Leadership In Energy And Environmental Design
  • An environmental building certificate program that was established under the US Green Building Council and certifies buildings that meet energy-efficiency and green requirements.
  • Shingle
  • A thin oblong piece of material (usually wood, slate or asphalt) used in overlapping rows to cover the roof or sides of a building.
  • Siding
  • Products for surfacing or cladding the exterior walls of buildings (e.g. timber, vinyl sheeting or shingles).
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s industry research report on Roofing Contractors provides up-to-date sales and market data, allowing you to identify the product and customer segments driving revenue growth. The report identifies the leading companies in the industry, and offers strategic analysis of the key factors influencing the market. Our data forecasts are accompanied by full analysis to illustrate how the market is responding to dominant and emerging trends.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Roofing Contractors:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Roofing Contractors market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Roofing Contractors, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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