Europe Roofing Market - Focused Insights 2023-2028

EUROPE ROOFING MARKET SIZE

The Europe roofing market was valued at USD 81.15 billion in 2022 and is projected to reach USD 105.68 billion by 2028, growing at a CAGR of 4.50% during the forecast period. The region's roofing demand is driven by the growing demand for roof replacements and repairs since several buildings in the region are aging and require renovation and remodeling. Thus, this increases demand for roofing materials that offer better durability, insulation, and aesthetic appeal.

The Europe roofing market witnessed shipments of 695.46 million square in 2022. This report provides complete information regarding consumer purchasing behavior and the adoption of roofing in Europe. Increasing applications among sectors with a high expectancy of standards and manufacturing in the roofing market must meet regulatory standards and provide robust solutions. The residential sector dominates the roofing market. The demand is characterized by different climatic conditions, necessitating several types of roofing equipment. 

EUROPE ROOFING MARKET TRENDS & DRIVERS

Growing Adoption of Green Roofs

Green roofs help to minimize building energy usage by cooling roofs and delivering shading, thermal mass, and insulation. In addition, green roofs offer a new urban habitat for birds and insects, thereby increasing biodiversity. Furthermore, they enhance air and water quality and reduce heat build-up in the environment. Moreover, they also mitigate the heat island effect and decrease soil runoff. Therefore, such factors are accelerating the growth of green rooftops across Europe, thus offering growth opportunities for green roofs.

Advancements in Roofing Materials

Rapid advancements in roofing technology have resulted in the development of exclusive synthetic compound materials that are lightweight, robust, and exceptionally long-lasting. Due to its unconventional properties, synthetic roofing material has significantly grown in popularity. Mostly, synthetic roofing materials are used in the commercial sector, while silicon roof solutions are also witnessing growth in the residential segments. Furthermore, Europeans are more concerned with energy savings, and since roofs play a significant role in determining a home’s energy efficiency, many homeowners are considering cool roofing materials.

Rise in Remodeling and Renovation Projects

There has been a rise in remodeling and renovation projects in recent years, driven by several factors, such as aging housing stock, changing lifestyles, and a growing focus on sustainability and energy efficiency. In Europe, a significant portion of their housing stock is more than 50 years old and in need of renovation. Furthermore, with a growing focus on sustainability and reducing energy consumption, several homeowners are investing in remodeling projects that enhance the energy efficiency of their homes. Such factors are anticipated to surge the demand for remolding and renovation projects in the region, thereby witnessing substantial growth during the forecast period.

EUROPE ROOFING MARKET SEGMENTATION ANALYSIS

• By Product Type: The tile roofing segment accounted for the largest Europe roofing market share of over 34%. A tile roof is made of ceramic, clay, slate or concrete materials. Each tile is secured to the roof by nails. Roof tiles are mostly designed to keep out the rain. Traditionally, they were made from locally available materials such as slate or terracotta. Furthermore, when installed correctly, a concrete tile roof can withstand hail stones as large as two inches. Roof tiles can last for hundreds of years and can easily outlast every other residential roofing material. In addition, they are one of the inexpensive roofing materials, as they have the potential to last long. Furthermore, concrete and clay tiles generally carry a class-A rating, which is the highest fire rating. Ceramic, clay, and concrete tiles can be easily recyclable. A tile roof is naturally better insulated and ventilated, providing a cooler house in the summer and a warmer house in the winter. In Europe, tile roofing is the popular choice than other roofing systems, as it is the most affordable and attractive residential roofing option. Despite such factors, high installation costs and heavy weight are anticipated to hinder the demand for tile roofing.
• By Application: New construction segment shows the highest growth of 5.26% during the forecast period. In 2021, according to European Construction Industry Federation (FIEC), the construction industry witnessed growth. Furthermore, the construction sector accounted for nearly 9% of the European Union’s GDP and employed around 18 million people. This is estimated to push the demand for future repair and remodeling services. Though the construction of new homes also contributed to material shortages. The completion of residential constructions makes up a small part of all the roofing projects each year. The residential construction sector is anticipated to experience growth during the forecast period. Furthermore, the sector varied significantly across countries, as some countries, such as Hungary, Poland, and Sweden, have experienced strong growth. Other countries such as the UK, Italy, and France are facing challenges like high land prices and a shortage of skilled labor. Commercial roofing demand is anticipated to grow owing to the existing commercial properties, which are getting old and require extensive maintenance and replacement.
• By Roof Type: Based on roof type, the slope roof market dominates and holds the largest Europe roofing market share. The roof slope is the incline of the roof. Generally, residential roofs have been constructed with a slope between 20 and 60 degrees. Roofs at the lower end of the range are comparatively easy to walk and work on. Sloped roofs are more stable and effective during heavy rain and snowfall as they help to divert water away from the house. Also, it prevents waterlogging. The tiles on a sloping roof can endure heavy rainfall and storms. The pitch ensures that the snow load is equally scattered across the roof. People living in areas with heavy rainfall and snow prefer sloped roofs over flat roofs as they can handle heavy storms and extreme weather. This type of roof design allows the installation and maintenance of mechanical systems. Solar and photovoltaic installations can be incorporated into the roof’s surface area. In addition, both frame and frameless solar panel modules could be mounted on a sloped roof to generate an additional source of power.
• By End-User: The residential segment accounted for the largest Europe roofing market share. In Europe, residential roofs can vary in design and material based on factors such as local building codes, climate, and architectural styles. The most common type of roofs are pitched roofs or sloped roofs. These are common in traditional European architecture. The selection of residential roof design and materials in the region is influenced by a range of factors, such as durability, aesthetics, and energy efficiency. Furthermore, tile roofing is a popular choice for pitched roofs in southern parts of Europe, whereas slate is commonly used for roofs in Northern Europe. Metal roofing, including copper, zinc, and steel, is also a popular choice used in residential roof construction in the region due to its durability and energy efficiency. Energy efficiency is progressively a significant consideration for residential roofs in the region, predominantly in the context of efforts to lessen greenhouse gas emissions and combat climate change.

EUROPE ROOFING MARKET GEOGRAPHICAL INSIGHTS

Germany dominates and holds the largest Europe roofing market share of over 31%. The major types of roofing materials used in the country consist of metal, concrete, bituminous, and tile. The government of the country has introduced regulations and initiatives to promote sustainable and energy-efficient roofing systems in the country. For instance, the country has introduced regulations requiring new buildings to meet specific energy efficiency standards, which is driving the demand for enhanced roofing materials for energy-efficient buildings. The roofing style in Germany reflects the country’s architectural history and the diverse range of construction materials available in the region. Pitched roofs are the most common type of roof in the country. These are generally made of materials such as slate, tiles, or metals.

EUROPE ROOFING MARKET VENDOR LANDSCAPE

The competitive scenario in the Europe roofing market is currently intensifying with global and domestic players offering a diverse range of products. In terms of market share, a few major players are currently dominating the market. The companies that are currently dominating the market are BMI Group, Etex Group, Wienerberger, and IKO. The major players are focusing on strategic agreements, acquisitions, and collaborations with emerging players to enter the Europe roofing market and to gain access to commercially launched products.