(PRWEB) February 22, 2015
The Roofing, Siding and Insulation industry primarily sells building materials to professional contractors and developers who use them to construct, renovate or repair residential and commercial buildings. Over the past five years, revitalized demand from both residential and nonresidential construction markets has helped accelerate industry growth after three consecutive years of poor performance prior to 2010. Consequently, IBISWorld expects revenue to grow in the five years to 2015. Industry revenue is expected to grow in 2015, driven primarily by a spike in demand from the residential new construction market, with housing starts expected to jump up during the year.
The industry's reliance on the remodeling market, which is significantly less cyclical than the new construction market, has helped industry sales recover quickly during the past five years, says IBISWorld Economic Analyst Ibrahim Yucel in the updated report. A variety of factors bolster remodeling expenditure, including housing trends such as rising property values and the steadily aging US housing stock, economic trends such as improving disposable income levels and climatic factors such as the frequency of major hurricanes, blizzards and hail storms. For example, rising property values encourage homeowners to enhance the exterior appearance of their homes, boosting demand for vinyl siding products. Likewise, major storm events such as Hurricane Sandy forced homeowners and businesses to repair damaged roofs and exterior walls, bolstering demand for asphalt shingles and fiberglass insulation from both the residential and nonresidential markets.
Over the next five years, the industry will continue to benefit from expanding remodeling activity and stabilizing new construction markets. In particular, private spending on home improvements is expected to rise during the next five years, while the value of nonresidential construction is forecast to grow during the same period. Furthermore, the frequency and intensity of major storms such as hurricanes are expected to continue increasing over the next few years, according to the National Oceanic and Atmospheric Administration, Yucel says in the updated report. Accordingly, IBISWorld expects revenue to increase over the five years to 2020. Despite aggressive acquisition activity among the major players, the highly fragmented industry will likely remain dominated by small businesses that operate locally.
For more information, visit IBISWorlds Roofing, Siding & Insulation Wholesaling in the US industry report page.
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IBISWorld industry Report Key Topics
This industry wholesales nonwood roofing, siding and insulation material, including asphalt shingles, metal roofing, tarred felt and vinyl siding. These products are primarily used for residential and nonresidential remodeling and renovation. This industry does not wholesale wood roofing or wood siding material.
Industry Performance Executive Summary Key External Drivers Current Performance Industry Outlook Industry Life Cycle Products & Markets Supply Chain Products & Services Major Markets Globalization & Trade Business Locations Competitive Landscape Market Share Concentration Key Success Factors Cost Structure Benchmarks Barriers to Entry Major Companies Operating Conditions Capital Intensity Key Statistics Industry Data Annual Change Key Ratios
About IBISWorld Inc. Recognized as the nations most trusted independent source of industry and market research, IBISWorld offers a comprehensive database of unique information and analysis on every US industry. With an extensive online portfolio, valued for its depth and scope, the company equips clients with the insight necessary to make better business decisions. Headquartered in Los Angeles, IBISWorld serves a range of business, professional service and government organizations through more than 10 locations worldwide. For more information, visit http://www.ibisworld.com
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Roofing, Siding & Insulation Wholesaling in the US Industry Market Research Report from IBISWorld Has Been Updated
- 2024 Commercial Contractor of the Year: Coryell Roofing - Roofing Contractor - December 10th, 2024 [December 10th, 2024]
- DC ROOFING WEATHER FORECAST: Mostly Sunny, High Near 75 Sunday on the Space Coast - SpaceCoastDaily.com - December 10th, 2024 [December 10th, 2024]
- Ill. Roofing Co. Racks Up 8th OSHA Violation Since 20 - Roofing Contractor - December 10th, 2024 [December 10th, 2024]
- DC ROOFING WEATHER FORECAST: Mostly Sunny, Windy, High Near 71 Saturday on the Space Coast - SpaceCoastDaily.com - December 10th, 2024 [December 10th, 2024]
- 2024 Residential Contractor of the Year: Victors Home Solutions - Roofing Contractor - December 10th, 2024 [December 10th, 2024]
- DC ROOFING WEATHER FORECAST: Mostly Sunny, Windy, High Near 70 Friday on the Space Coast - SpaceCoastDaily.com - December 10th, 2024 [December 10th, 2024]
- KISD board OKs design services for Eastern Hills roofing project - The Killeen Daily Herald - December 10th, 2024 [December 10th, 2024]
- 'Blatant disregard for its employees': Lake Zurich roofing contractor accused of repeatedly exposing workers to falls - Lake and McHenry County... - December 10th, 2024 [December 10th, 2024]
- Weather Shield Roofing Reinvents its Headquarters - Roofing Contractor - December 10th, 2024 [December 10th, 2024]
- Opinion | A Michigan roofers smart plan to end the housing crisis - The Washington Post - December 10th, 2024 [December 10th, 2024]
- Cornett Roofing to expand with $1.6M investment - Daily Journal - December 10th, 2024 [December 10th, 2024]
- DC ROOFING WEATHER FORECAST: Mostly Sunny, High Near 74 Thursday on the Space Coast - SpaceCoastDaily.com - December 10th, 2024 [December 10th, 2024]
- Best Choice Roofing Expands Service Offerings in Williamsburg, Elevating Local Roofing Solutions - openPR - December 10th, 2024 [December 10th, 2024]
- Coryell Roofing Named 2024 Commercial Roofing Contractor of the Year - EIN News - December 10th, 2024 [December 10th, 2024]
- Roofer North London Launches to Deliver Reliable Roofing Services Across the Region - openPR - December 10th, 2024 [December 10th, 2024]
- Eyeing Huge Gains? Dive into Beacon Roofings Hidden Opportunity! - Jomfruland.net - December 10th, 2024 [December 10th, 2024]
- DC ROOFING WEATHER FORECAST: Mostly Sunny, High Near 70 Wednesday on the Space Coast - SpaceCoastDaily.com - December 10th, 2024 [December 10th, 2024]
- The Local Experts in Roofing and Solar Installation Offering 24/7 Emergency Repairs - openPR - December 10th, 2024 [December 10th, 2024]
- In aftermath of August's massive hailstorm, councillor pitches return of roofing rebate program - Calgary Herald - December 10th, 2024 [December 10th, 2024]
- UNESCO gives heritage status to Paris' zinc roofs - but is that actually a good thing? - The Local France - December 10th, 2024 [December 10th, 2024]
- Reid Ribble Returns to Roofing for IRE 2025 Keynote - Roofing Contractor - November 12th, 2024 [November 12th, 2024]
- Winter is here Signature Roofings $2,000 savings wont last long! - ABC4.com - November 12th, 2024 [November 12th, 2024]
- Local roofing company donates roof to The Shepherd's House - WFFT FOX 55 Fort Wayne | Indiana News & Weather - November 12th, 2024 [November 12th, 2024]
- Cape Coral roofing business owes $2M to IRS after guilty plea - Wink News - November 12th, 2024 [November 12th, 2024]
- Midcoast-based Horch Roofing expands Downeast with Hancock acquisition - Mainebiz - November 12th, 2024 [November 12th, 2024]
- Cape Coral roofing company owner and administrator plead guilty for failure to pay payroll taxes on $21M - NBC2 News - November 12th, 2024 [November 12th, 2024]
- Roofing company owner and accountant plead guilty in $2.5 million IRS fraud - Nasdaq - November 12th, 2024 [November 12th, 2024]
- With CAGR of 4.5%, Roofing Market Size to Reach $379.33 Billion By 2031 | The Insight Partners - PR Newswire - November 12th, 2024 [November 12th, 2024]
- Exploring the Demand Surge for Specialized Roofing: A Key Focus on Expanding Commercial and Industrial Facilities - openPR - November 12th, 2024 [November 12th, 2024]
- Proper Roofing tops Chronicle ranking of Top Workplaces for small companies - Houston Chronicle - November 12th, 2024 [November 12th, 2024]
- Progressive Roofing Joins the Roofing Alliance as New Governor Member - Roofing Contractor - November 12th, 2024 [November 12th, 2024]
- Eskola Roofing Expands Its Commercial Operations Across the Southeast and Southwest with Strategic Acquisitions - PR Newswire - November 12th, 2024 [November 12th, 2024]
- Gulfstream Roofing Honored with Craftsmanship Award at 66th Annual CASF Awards - Roofing Contractor - November 12th, 2024 [November 12th, 2024]
- Recovering from Helene & Milton: Tips on Selecting the Right Roofer with Strategic Roofing - ABC Action News Tampa Bay - November 12th, 2024 [November 12th, 2024]
- Local roofing companies continue working around the clock, as rainfall comes for first time since Helene - WJBF-TV - November 12th, 2024 [November 12th, 2024]
- Gallants Last Act in Office: Approved Roofing Cave of the Patriarchs Yard in Hebron - The Jewish Press - JewishPress.com - November 12th, 2024 [November 12th, 2024]
- Gallant approves roofing project for Cave of the Patriarchs in last day as Defense Min. - Arutz Sheva - November 12th, 2024 [November 12th, 2024]
- Key Takeaways From Beacon Roofing Supply Analyst Ratings - Benzinga - October 17th, 2024 [October 17th, 2024]
- CertainTeed Partners with Susan G. Komen to Battle Breast Cancer - Roofing Contractor - October 17th, 2024 [October 17th, 2024]
- VIDEO: 3 Tips for Talking Technology with Customers - Roofing Contractor - October 17th, 2024 [October 17th, 2024]
- Sky Quarry Partners with Atlas Roofing Corp. to Explore Asphalt Shingle Recycling - StockTitan - October 17th, 2024 [October 17th, 2024]
- Social Impact Collective partners with Bostons Mayor to add green roofs atop bus shelters - The Architect's Newspaper - October 17th, 2024 [October 17th, 2024]
- Beacon Roofing Supply (NASDAQ:BECN) Is Doing The Right Things To Multiply Its Share Price - Yahoo Finance - October 17th, 2024 [October 17th, 2024]
- A. Stewart Roofing & Waterproofing Celebrates 50 Years of Excellence in New York - Vancity Buzz - October 17th, 2024 [October 17th, 2024]
- River City Roofing in Peoria makes history by having the largest flat roof American Flag - 25 News Now - October 17th, 2024 [October 17th, 2024]
- Renosimplicity Expands Roofing Services Across North and South Carolina - openPR - October 17th, 2024 [October 17th, 2024]
- All Storm Roofing: What you need to know about re-roofing your home with tiles - ABC15 Arizona in Phoenix - October 17th, 2024 [October 17th, 2024]
- A roof stronger than asphalt - The Seattle Times - October 17th, 2024 [October 17th, 2024]
- Operation Blue Roof offers temporary sheeting for damaged roofs. FEMA help available in Polk - The Ledger - October 17th, 2024 [October 17th, 2024]
- Old Spokane Roofing Co. building demolished - Spokane Journal of Business - October 17th, 2024 [October 17th, 2024]
- USD 252 Southern Lyon County planning significant updates to building roofs over next two years per superintendent - KVOE - October 17th, 2024 [October 17th, 2024]
- Metal Roofing Market Business Strategy, Top Manufactures And Forecast 2031 - openPR - October 17th, 2024 [October 17th, 2024]
- Swordsmen Roofing: Helping Volusia County homeowners navigate insurance nonrenewals with flexible financing - The West Volusia Beacon - October 9th, 2024 [October 9th, 2024]
- Texas Roofing Contractor Named 2024 International Torch Awards for Ethics Winner - Roofing Contractor - October 9th, 2024 [October 9th, 2024]
- Is There Now An Opportunity In Beacon Roofing Supply, Inc. (NASDAQ:BECN)? - Simply Wall St - October 9th, 2024 [October 9th, 2024]
- Associated Builders and Contractors Releases AI Construction Technology Report - Roofing Contractor - October 9th, 2024 [October 9th, 2024]
- Elderly widower ripped off by 'ruthless' roofers who scammed her out of $27,000 - Daily Mail - October 9th, 2024 [October 9th, 2024]
- LocalProBook Revolutionizes Roofing Industry with Launch of lpbRoofing App - EIN News - October 9th, 2024 [October 9th, 2024]
- Monday Thoughts, sponsored by 4L Roofing - Rivals.com - TAMU - October 9th, 2024 [October 9th, 2024]
- Roofing Ranked as Least Desired Job in West Virginia: Survey Highlights High-Risk Occupations - WV News - October 9th, 2024 [October 9th, 2024]
- Steel Roofing Global Market Growth, Size, And Overview By 2024-2033 - WhaTech - October 9th, 2024 [October 9th, 2024]
- Roofing contractor fatally injured in 30-foot fall at Pa. high school - PennLive - September 7th, 2024 [September 7th, 2024]
- GORILLA ROOFING WEATHER REPORT: NWS Calls for Chance of Thunderstorm, High Near 91 on Thursday in Brevard County - SpaceCoastDaily.com - September 7th, 2024 [September 7th, 2024]
- Tim McGraw: 'Signing Autographs is Better Than Roofing - Roofing Contractor - September 7th, 2024 [September 7th, 2024]
- Dear Anna: What are the ABCs of Roofing Marketing? - Roofing Contractor - September 7th, 2024 [September 7th, 2024]
- S-5! Presents Industry Education and Training at METALCON - Roofing Contractor - September 7th, 2024 [September 7th, 2024]
- Louisville Roofers by Best Choice Roofing Offer Premium Roofing - openPR - September 7th, 2024 [September 7th, 2024]
- Best Choice Roofing Expands Roofing Services in Williamsburg, VA - openPR - September 7th, 2024 [September 7th, 2024]
- Metal Roofing Market Trend Shows a Rapid Growth, Competitive Analysis, Future Prospects And Forecast 2031 - openPR - September 7th, 2024 [September 7th, 2024]
- TaperedPlus partners with Alt Labs to revolutionise roofing sector with Augmented Reality system - BDC Magazine - September 7th, 2024 [September 7th, 2024]
- Shamrock Roofing and Construction Honors Local Veteran with New Roof Donation - EIN News - September 7th, 2024 [September 7th, 2024]
- Roofing Market Size Hits $255.75 Billion in 2023, Set to Surge to $415.86 Billion by 2032 - openPR - September 7th, 2024 [September 7th, 2024]
- Nampak, Fibre Circle and Infinite Industries create animal shelter roofing from recycled cartons - Packaging Europe - September 7th, 2024 [September 7th, 2024]
- Gamechanger as Augmented Reality enters roofing industry - Prolific North - September 7th, 2024 [September 7th, 2024]
- Grants for fortified roofs will be awarded to some La. residents - American Press - September 7th, 2024 [September 7th, 2024]
- Medford Roofing Company Fined Over $100K For Repeated OSHA Violations - Ashland Daily Tidings - August 25th, 2024 [August 25th, 2024]
- Omnia Exterior Solutions Expands Ohio and Colorado Market Coverage with the Addition of Great Roofing and Restoration - PR Newswire - August 25th, 2024 [August 25th, 2024]
- Medford roofing company fined over $100K for failure to safeguard workers - KOBI-TV NBC5 / KOTI-TV NBC2 - August 25th, 2024 [August 25th, 2024]
- NYPD: Beware of new door-to-door roofing scam on Staten Island - SILive.com - August 25th, 2024 [August 25th, 2024]
- Rogers Roofing dedicated to top-quality service, products - The Beverly Review - August 25th, 2024 [August 25th, 2024]