U.S. Roofing Services Market - Focused Insights 2024-2029

U.S. ROOFING SERVICES MARKET SIZE

The U.S. roofing services market was valued at USD 23.20 billion in 2023 and is projected to reach USD 33.57 billion by 2029, growing at a CAGR of 6.35% during the forecast period. The growth of the market is supported by the rising interest in energy-efficient roofing, increasing demand for waterproofing solutions, growing popularity of modern architecture, rising demand for solar roofing supported by government incentives & building codes, growing popularity of smart roofs, increasing demand for green roofs, growing hospitality industry, growth of the real estate sector, and rise in home improvement projects.

The U.S. Roofing services market thrives, driven by increased travel, a desire for unique experiences, a strong economy, and post-pandemic resurgence. Renovations, especially in rooftop dining, are common. Industrial roofing demand rises with manufacturing growth, warehouse expansion, and e-commerce. Home improvement projects surge post-pandemic, fuelled by increased disposable income and weather-related concerns, boosting the demand for roofing services. The U.S. roofing services market is growing significantly due to rising interest in energy-efficient roofing, increasing demand for waterproofing solutions, growing popularity of modern architecture, rising demand for solar roofing supported by government incentives & building codes, growing popularity of smart roofs, increasing demand for green roofs, growing hospitality industry, growth of the real estate sector, and rise in home improvement projects.

U.S. ROOFING SERVICES MARKET DEFINITION

Roofing services encompass various services related to installing, inspecting, repairing, maintaining, replacing, and restoring structures. Roofing is a material used for covering or making a roof. Roofing services prevent serious damage to buildings or houses with regular roof repair & maintenance. Roofing services have three segmentations, including services, end-user, and application. The services segmentation includes roof installation, roof inspections, repairs & maintenance services, roof replacement, and roof restoration. The end-user segmentation comprises commercial, residential, and industrial.

U.S. ROOFING SERVICES MARKET DRIVERS

Growing Hospitality Industry

The hospitality industry in the U.S. is growing significantly for various reasons, including increasing travel activities, a growing demand for unique experiences, a strong economy, and a rising demand for recreational activities. Due to the rising income of people in the U.S. and the increasing trend of spending time on leisure activities, the demand for the hospitality industry is rising. Post-pandemic visitors have increased in the U.S. Many people prefer rooftop dining hotels and restaurants. The hospitality industry is continuously renovating its spaces in the U.S. It drives the demand for roofing services in the U.S. during the forecast period.

Growth of Industrial Projects

The demand for industrial roofing has increased due to a manufacturing resurgence, warehouse boom, logistics infrastructure, and rising demand for energy-efficient buildings. The rising e-commerce platform has fueled the demand for large warehouses nationwide, which require an efficient and durable roofing system. Due to chemical exposures or harsh weather conditions, the frequent repair & maintenance of roofing is necessary for industries. This will drive the demand for roofing services in the U.S. during the forecast period.

U.S. ROOFING SERVICES MARKET SEGMENT INSIGHTS

• By Service: With 38% of the U.S. roofing services market, the roof installation type dominates the services segment. It includes the installation of new roofs for structures under construction. The roof installation demand is growing significantly in the U.S. due to various factors, including weather events, building codes, and technological advancements. Hailstorms and other weather conditions can damage roofs, increasing the demand for the repair & installation of new roofs.
• By End-User: The commercial segment in end-users is growing at a CAGR of 6.48%. The demand for roofing services for office buildings is growing significantly, driven by new construction, renovation, and sustainability initiatives. It focuses on aesthetics, energy efficiency, and ease of maintenance. The demand for roofing services from retail spaces is influenced by rebranding projects, weather-related, and repair store expansions.
• By Application: The U.S. roofing services market by application is segmented into existing and new. The new application segment is projected to grow steadily in the market, and the multi-family and single-family homes propel its growth. Post-pandemic housing units have increased in the U.S., requiring new roofs, which drives the demand for services in the U.S. roofing market.

U.S. ROOFING SERVICES MARKET VENDOR LANDSCAPE

The U.S. Roofing Services Market report contains exclusive data on 42 vendors. The U.S. roofing services market is highly fragmented. Most companies in this market have less than 50 employees, as established local players have strong customer relationships in their communities. Baker Roofing, Centimark Corporation, Crane Group, Flynn Group, Nations Roofing, and Tecta America Corporation are the leading players with strong market penetration.