$51.3bn
$X.Xbn
253k
99,203
$XX.Xbn
The roofing contractors industry has experienced significant fluctuations. The sector began the period on a high note, experiencing strong demand from existing residential buildings and new construction projects. However, the onset of the COVID-19 pandemic brought about considerable disruption. After the initial fallout, demand from the residential market surged because homeowners were spending more time at home and taking advantage of accommodative financing options to renovate their dwellings. However, rising mortgage rates and inflationary pressures have since stalled housing starts, diminishing the need for roofing contractors. Also, the number of nonresidential construction projects has suffered over the past several years as workplaces shifted to remote operations, causing a slowdown in roofing work from this sector. Overall, revenue has decreased at a CAGR of 3.0% to $51.3 billion through the end of 2024, despite an anticipated climb of 1.3% in 2024 alone.
Industry revenue has declined at a CAGR of 3.0 % over the past five years, to reach an estimated $51.3bn in 2024.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2024 | Revenue ($m)
2024 | Profit ($m)
2024 | Profit Margin (%)
2024 |
---|---|---|---|---|
Tecta America Corp. | 960.2 | 64.3 | 6.7 | |
CentiMark Corporation | 777.7 | 52.5 | 6.8 | |
Baker Roofing Company | 294.8 | 15.9 | 5.4 |
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Industry revenue is measured across several distinct product and services lines, including Asphalt roofing, Single-ply roofing and Sheet metal roofing. Asphalt roofing is the largest segment of the Roofing Contractors in the US.
General roofing services are the industry's bread and butter
Operators in the roofing contractor industry install roofing and skylights and perform treatments on roofs (e.g., coating, painting, spraying). Work performed includes new work, additions, alterations, maintenance and repairs.
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NAICS 23816 - Roofing Contractors in the US
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
High interest rates and inflation have restricted industry performance. Housing starts have stalled and contractors have had to increasingly rely on repairs and consumer loya...
Learn about an industry's products and services, markets and trends in international trade.
A recent increase in demand for energy-efficient roofs stands to alter the industry landscape. Materials that reflect heat instead of absorbing it have become less costly and...
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Roofing contractors congregate in states affected by volatile climate conditions. Damage to homes caused by floods, storms, earthquakes and fires often translates to increase...
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
The industry is highly fragmented by nature. Contractors operate on a regional basis and compete with each other for local jobs.
Learn about the performance of the top companies in the industry.
The industry does not have major companies but small, regional operations. The three largest contracting companies have less than 5.0% market share combined and favor commerc...
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
An expansion in housing starts and residential construction value ferried the industry through the worst of the pandemic. Urban flight-fueled housing starts in less densely p...
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Industry profitability has fallen recently as the pandemic shifted demand from corporate contracts to piecemeal residential ones. While this trend will reverse in the coming ...
Including values and annual change:
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Key data sources in the US include:
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These sources include:
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The market size of the Roofing Contractors in the US industry in United States is $51.3bn in 2024.
There are 99,203 businesses in the Roofing Contractors in the US industry in United States, which has grown at a CAGR of 3.1 % between 2019 and 2024.
The market size of the Roofing Contractors in the US industry in United States has been declining at a CAGR of 3.0 % between 2019 and 2024.
Over the next five years, the Roofing Contractors in the US industry in United States is expected to grow.
The biggest companies operating in the Roofing Contractors market in United States are Tecta America Corp., CentiMark Corporation and Baker Roofing Company
Installing ceramic or concrete tiles, slate or shingles and Installing single-ply, built-up, metal, liquid and modified bitumen roofing systems are part of the Roofing Contractors in the US industry.
The company holding the most market share in United States is Tecta America Corp..
The level of competition is high and steady in the Roofing Contractors in the US industry in United States.