According to the report published by Allied Market Research, the global metal roofing market generated $23.8 billion in 2020, and is estimated to reach $33.5 billion by 2030, witnessing a CAGR of 3.5% from 2021 to 2030. The report offers a detailed analysis of changing market trends, top segments, key investment pockets, value chain, regional landscape, and competitive scenario.
Increase in demand for metal roofing with its benefits in different industries and support from governments for construction projects drive the growth of the global metal roofing market. However, availability of alternatives restrains the market growth. On the other hand, growth of the construction industry in developing countries presents new opportunities in the coming years.
The report offers detailed segmentation of the global metal roofing market based on metal type, product type, end-user, and region.
Based on metal type, the steel segment accounted for the largest share in 2020, contributing to more than two-fifths of the total share, and is estimated to maintain its lead position during the forecast period. However, the zinc segment is expected to witness the highest CAGR of 4.4% from 2021 to 2030.
Based on end-user, the commercial segment contributed to the largest share in 2020, accounting for nearly two-fifths of the total share of the global metal roofing market, and is projected to continue its dominance during the forecast period. However, the residential segment is estimated to manifest the highest CAGR of 4.2% from 2021 to 2030.
Based on region, Asia-Pacific held the highest share in 2020, contributing to nearly two-fifths of the total market share, and is estimated to continue its leadership status by 2030. Moreover, this region is projected to register the fastest CAGR of 3.9% during the forecast period.
Leading players of the global metal roofing market analyzed in the research include Metal Sales Manufacturing Corporation, Ideal Roofing Co. Ltd., Jinhu Color Aluminum Group, Central States Mfg, Boral Roofing, MBCI, Lifetite Metal Products LLC, ATAS International, Inc., McElroy Metal, and Aditya Profiles.