Through the Roof: Industry revenue will grow in line with business spending

Over the past five years, a boom in construction activity has prompted a number of operators to enter the industry. Specifically, the value of residential construction in Florida from 2012 to 2017 has skyrocketed. Following the recession, residential building construction has expanded considerably due to falling unemployment rates and rising personal income levels. These trends have enabled residential developers and individual investors to increase spending on the construction of new homes, boosting demand for roofing construction services. Additionally, private investment in nonresidential construction has also contributed to demand growth, albeit at a slower pace. In light of heightened demand, a large number of roofing contractors have entered the industry...read more.

Industry Statistics & Market Size
Revenue
$2bn
Annual Growth 12-17
6.9%
Forecast Growth 17-22
Profit
Employment
17,816
Businesses
1,528

Industry Threats & Opportunities

  • A boom in construction activity prompted new operators to enter the industry
  • Demand for roof reconstruction and repair work has surged due to recurring tropical storms
  • Demand is projected to climb as residential structure development expands
  • Industry Report - Starting a New Business Chapter

    There are few significant barriers to entering the Roofing Contractors industry in Florida. Clients, particularly in the commercial sector, tend to favor contractors with formal qualifications obtained through apprenticeship or on-the-job training, but it is not difficult to enter the industry in Florida as a roofing helper with little experience and progress to journeyman status. Licensing is typically required for tiled and metal roofing work, though no formal training or qualification is needed to receive a license. However, without formal certification, new industry entrants are generally unable to work on large-scale commercial contracts and publicly funded projects. Furthermore, they may be excluded from professional indemnity coverage and membership in industry organizations...purchase to read more.

    Additional Insights for the Roofing Contractors in Florida Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Roofing Contractors in Florida 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 in Florida and Value of private nonresidential construction in Florida in the Roofing Contractors in Florida industry impact industry performance..

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    What's in this report

    What is the Roofing Contractors in Florida Industry?

    Industry operators install roofing and roof drainage systems, such as downspouts and gutters. Activities also include treating roofs (e.g. spraying, painting or coating), coppersmithing, tinsmithing, installing skylights, installing metal ceilings, flashing, ductwork and capping. Work performed includes new work, additions, alterations, maintenance and repairs. This report excludes siding and sheet metal work.

    Industry Products
  • New roof installations
  • Roof addition, alteration and reconstruction work
  • Roof maintenance and repair work
  • Industry Activities
  • Installing ceramic or concrete tiles, slate or shingles
  • Installing single-ply, built-up, metal, liquid and modified bitumen roofing systems
  • Installing, repairing and replacing gutters and downpipes
  • 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 in Florida
  • Value of private nonresidential construction in Florida
  • Local and state government expenditure in Florida
  • Home price index in Florida
  • Yield on 10-year Treasury note

  • Current Performance
  • Surging construction activity boosts demand
  • El Nino impact
  • Industry profitability
  • Chart: Revenue Growth

  • Industry Outlook
  • Sustained growth in construction activity
  • Weather pattern outlook
  • Decelerated profit margins
  • Table: Roofing Contractors in Florida Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Roofing Contractors in Florida 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
  • Plastic Products Miscellaneous Manufacturing
  • Property, Casualty and Direct Insurance
  • Wood Paneling Manufacturing

  • Products & Services
  • Roof addition, alteration and reconstruction work
  • Roof maintenance and repair work
  • New roof installations
  • Chart: Roofing Contractors in Florida Industry Products and Services Segmentation

  • Major Markets
  • Residential markets
  • Nonresidential markets
  • Chart: Major Market Segmentation for the Roofing Contractors in Florida Industry

  • Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Purchases
  • Wages
  • Depreciation
  • Marketing
  • Other costs
  • Chart: Cost Structure Benchmarking – Sector vs Roofing Contractors in Florida

  • Basis of Competition
  • Internal competition
  • External competition

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

  • Baker Roofing Company, Centimark Corporation, Latite Roofing and Sheet Metal LLC, Sutter Roofing,
  • Table: Baker Roofing Company - financial performance
  • Table: Centimark Corporation - financial performance
  • Table: Latite Roofing and Sheet Metal LLC - financial performance
  • Table: Sutter Roofing - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Roofing Contractors in Florida 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 in Florida Industry
    Includes:
  • Industry Revenue (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)
  • Value of residential construction (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    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.
  • Shake
  • A wooden shingle that is made from split logs.
  • 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.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Roofing Contractors in Florida Industry Research Report offers insight into the market at the national level. Our analysis highlights macro trends in the overall sector and the micro trends faced by companies that do business in the Roofing Contractors in Florida industry. Our five-year outlook forecasts explain how the market is set to change and the product segments that will drive growth.

    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 in Florida:
    • 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 in Florida 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 in Florida, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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