10 Essential Metal Roofing Statistics: A Comprehensive Analysis

Explore the compelling world of metal roofing as we delve into its intriguing statistics, revealing the increasing popularity and benefits that this durable material offers in today’s construction industry.

Metal roofing has become a popular choice for homeowners and businesses alike, due to its durability, energy efficiency, and sustainability.

In the United States, metal roofing has seen a significant increase, capturing about 14% of the residential re-roofing market and 10% of the new construction market.

It’s a trend that shows no sign of slowing down, with the global metal roofing market projected to reach $20.39 billion by 2025, growing at a CAGR of 4.6% from 2020.

This article will delve into these statistics and more, providing a comprehensive look at the current state of the metal roofing industry, its growth potential, and what it means for consumers and businesses.

Stay with us as we explore these insights in detail.

Metal roofing is forecast to grow at an annual average rate of 0.7% to 38.07 million squares in 2026.

Revealing trends in the industry showcase a promising growth trajectory for metal roofing. The annual expansion rate is inferred at 0.7%, hinting at a robust future. By 2026, the market is estimated to equate to a remarkable 38.07 million squares. This rise signifies the increasing preference and reliance on metal roofing, marking it a substantial player in the building sector.

The particular time frame gives businesses an opportunity to strategize and prepare for the anticipated lucrative future. This growth echoes not just an escalating demand, but also an intentional shift towards durability, sustainability, and greater lifecycle value that metal roofs offer.

Metal roofing has risen from 12% in 2019 to 17% in 2021.

The upward trajectory in the adoption of metal roofing represents a shift in homeowner preferences and industry trends. In a compact timeframe – 2019 to 2021 – there has been a substantial leap of 5%. Previously accounting for a mere 12% of the market in 2019, metal roofing has since grown to constitute 17% in 2021. This surge points to a mounting recognition of the long-term benefits of metal roofs, including durability, energy efficiency, and sustainability. The robust growth trend also suggests a promising future for this segment within the roofing industry.

Metal roofing products compete with asphalt shingle roofing and plastic-ply roofing.

When choosing a roofing material, several options exist. Amongst these are asphalt shingles, plastic-ply, and, of course, metal. Each type holds its own unique set of benefits and drawbacks.

Asphalt shingles – the traditional choice for most homeowners – offer affordability and a wide range of aesthetic options. Despite their relatively short lifespan (usually around 20 years), they continue to be popular due to the low cost and ease of installation.

On the other hand, plastic-ply roofing, although less common, provides a lightweight and durable solution. Known for its effective insulation against heat and cold, this material is often used in locations with extreme weather conditions.

The real competition, however, is with metal roofing. Renowned for its durability, metal roofing can last up to 70 years – significantly longer than its counterparts. Not only is it incredibly resistant to wind, fire, and impact, but it is also energy-efficient, reflecting heat from the sun to keep homes cooler in hot weather. That said, the initial expense can be higher, which may deter some homeowners.

Therefore, the choice of roofing material often comes down to priorities: longevity and durability versus initial cost. This competition continues to shape the dynamics within the roofing industry.

There are 79,139 roofing contractor businesses in the US as of 2023, a decline of -0.3% from 2022.

A slight drop of 0.3% from the previous year brought the total number of roofing contractor establishments in the U.S to 79,139 in 2023.

This dip continued a trend of marginal declines in the number of businesses operating in the sector, a reflection of the changing dynamics and consolidation within the industry.

California, Texas, and Florida have the most roofing businesses in the US.

These three powerhouse states lead in the number of roofing businesses. California, with its massive population and propensity for both residential and commercial construction projects, understandably stands at the forefront. Texas follows, boasting a vast construction landscape impacted by both new development and continuous repair needs due to frequent extreme weather conditions. Florida rounds out the trio, its humid climate and risk of hurricanes creating a high demand for reliable roofing services.

The concentration of industry businesses within these states underlines the correlating demand trends and conditions unique to each region.

The metal roofing market was valued at $17.13 billion in 2021 and is projected to reach $26.70 billion by 2029.

Reflecting a significant increase in market value, the progression from $17.13 billion in 2021 indicates a robust industry trajectory. This upward trend is expected to heighten even further into 2029, where contemporary estimates propose a value of nearly $26.70 billion.

Such persistent growth is conclusive evidence of a booming demand for metal roofing solutions. Various factors drive this escalation, such as durability, aesthetics, and energy-efficiency, making this industry a stringent component of the global construction landscape.

Continued industry innovation is envisaged to foster this market’s expansion, solidifying its market stance in the years to come.

Dominating the metal roofing market, the steel segment held an impressive 44.2% revenue share. This prominence can be attributed to steel’s superior durability, high recyclability, and excellent performance under extreme weather conditions, making it a popular choice in roofing applications.

Even more notably, the steel segment is projected not to lose its leading position anytime soon. As per industry data, this segment is anticipated to continue its ascent, with a steady compound annual growth rate (CAGR) of 3.0%. This growth signifies an expanding preference for steel as a roofing material among homeowners and contractors alike.

Consequently, steel’s significant contribution to the metal roofing industry is expected to prevail in the years to come.

Metalk roofs are 2-3x more expensive than traditional roofing materials.

Premium pricing is a fundamental characteristic of this material. Comparative to traditional options, homeowners and contractors having installations done could expect to invest around two to three times more in initial outlay.

This can be attributed to several factors including the advanced technical process involved in manufacturing and the high strength-to-weight ratio of metals.

Despite the upfront cost, potential for long-term savings piques the interest of consumers, making metal roofing garner a higher market share.

Potential savings stem from durability, energy efficiency, and reduced maintenance requirements which typically offset the initial investment over the lifespan of the roof.

There are over 919,000 construction establishments in the US in the 1st quarter of 2023.

In the initial months of 2023, the United States saw the existence of over 919,000 construction-related facilities. This broad range stretches across all types: from small-scale contractors to large-scale manufacturing industries.

The noticeable increase highlights the construction industry’s significant role in driving economic growth. In particular, the metal construction business forms a crucial part of this vast network. Its impact is substantial, taking into account its efficiency, recyclability, and durability factors which are intrinsic to metal constructions and particularly to metal roofing.

These factors contribute to its holistic growth within the multitude of American construction establishments.

The metal roofing industry has over 7.9 million employees.

Employment in the metal roofing industry is a significant contributor to the US economy. With a workforce exceeding 7.9 million, it illustrates the tremendous scale and broad reach of this sector.

Jobs range from manufacture to installation, sales to services, and vary from entry-level roles to specialized positions requiring years of training and expertise. This sector is a critical employment source, underlining the metal roofing industry’s pivotal role in providing livelihoods and fueling economic growth.

References:

https://www.buildusingsteel.org/
https://www.freedoniagroup.com/
https://www.ibisworld.com/

https://www.alliedmarketresearch.com/
https://www.globenewswire.com/
https://www.agc.org/

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