RESIDENTIAL ROOFING. Industry Study #3881 September 2020

(1)

RESIDENTIAL ROOFING

Industry Study #3881 | September 2020

This Freedonia industry study analyzes the 127.78

million squares US residential roofing industry. It

presents historical demand data (2009, 2014, and

2019) and forecasts (2024 and 2029) by product

(asphalt shingles, metal, bituminous, roofing tile,

wood shingles and shakes, and other), by application

(new and reroofing) and US geographic subregion.

The study also evaluates company market share and

competitive analysis on industry competitors.

Report Link: https://hubs.ly/H0v-gw-0

Learn More About This Report

(2)

List of Tables

2. Overview

Table 2-1 | Residential Roofing Demand by Product, 2009 – 2029 (million squares) 21 Table 2-2 | Residential Roofing Demand by Product, 2009 – 2029 (million dollars) 23 Table 2-3 | Residential Roofing Supply & Demand, 2009 – 2029 (million dollars) 25

3. Factors Impacting Residential Roofing Demand

Table 3-1 | Residential Roofing Demand by Roof Slope, 2009 – 2029 (million squares) 31 Table 3-2 | Residential Roofing Average Prices by Product, 2009 – 2029

(dollars per square) 33

Table 3-3 | Selected Residential Roofing Installation Costs, 2009 – 2029

(dollars per square) 35

4. Asphalt Shingles

Table 4-1 | Residential Asphalt Shingle Demand by Product, 2009 – 2029

(million squares & million dollars) 47 Table 4-2 | Residential Standard Laminated Asphalt Shingle Demand, 2009 – 2029

(million squares & million dollars) 50 Table 4-3 | Residential High-Performance Laminated Asphalt Shingle Demand, 2009 –

2029 (million squares & million dollars) 52 Table 4-4 | Residential Three-Tab Asphalt Shingle Demand, 2009 – 2029 (million squares

& million dollars) 54

Table 4-5 | Residential Asphalt Shingle Demand by Application & Housing Type, 2009 –

2029 (million squares) 56

Table 4-6 | Residential Asphalt Shingle Demand by Region & Subregion, 2009 – 2029

(million squares) 58

5. Metal Roofing

Table 5-1 | Low- & Steep-Slope Metal Roofing: Product Differences 62 Table 5-2 | Residential Metal Roofing Demand by Product & Roof Slope, 2009 – 2029

(million squares & million dollars) 64 Table 5-3 | Residential Standing Seam Metal Roofing Demand, 2009 – 2029

(million squares & million dollars) 66 Table 5-4 | Other Metal Residential Roofing Demand, 2009 – 2029 (million squares &

million dollars) 68

Table 5-5 | Residential Metal Roofing Demand by Application & Housing Type, 2009 –

Table 5-6 | Residential Metal Roofing Demand by Region & Subregion, 2009 – 2029

(8)

List of Tables (continued)

6. Bituminous Roofing

Table 6-1 | Residential Bituminous Roofing Demand by System Type, 2009 – 2029

Table 6-2 | Built-Up Roofing: Advantages & Disadvantages 81 Table 6-3 | Modified Bitumen Systems: Advantages & Disadvantages 82 Table 6-4 | Residential Bituminous Roofing Consumption by Product, 2009 – 2029

(million squares & million dollars) 84 Table 6-5 | Residential Standard Roofing Felt Consumption, 2009 – 2029

(million squares & million dollars) 85 Table 6-6 | Residential Polymer-Modified Bitumen Membrane Consumption by Type,

2009 – 2029 (million squares & million dollars) 87 Table 6-7 | Residential Bituminous Roofing Consumption by Backing Material, 2009 –

Table 6-8 | Residential Bituminous Roofing Consumption by Surface Type, 2009 – 2029

Table 6-9 | Residential Bituminous Roofing Demand by Application & Housing Type,

2009 – 2029 (million squares) 94

Table 6-10 | Residential Bituminous Roofing Demand by Region & Subregion, 2009 –

7. Roofing Tile

Table 7-1 | Residential Roofing Tile Demand by Product, 2009 – 2029 (million squares &

million dollars) 102

Table 7-2 | Residential Concrete Roofing Tile Demand, 2009 – 2029 (million squares &

Table 7-3 | Residential Clay Roofing Tile Demand, 2009 – 2029 (million squares &

Table 7-4 | Residential Roofing Tile Demand by Application & Housing Type, 2009 –

Table 7-5 | Residential Roofing Tile Demand by Region & Subregion, 2009 – 2029

8. Wood Shingles & Shakes

Table 8-1 | Residential Wood Shingle & Shake Roofing Demand by Product, 2009 – 2029

(million squares & million dollars) 116 Table 8-2 | Residential Wood Shingles Roofing Demand, 2009 – 2029 (million squares &

Table 8-3 | Residential Wood Shake Roofing Demand, 2009 – 2029 (million squares &

Table 8-4 | Residential Wood Shingle & Shake Roofing Demand by Application &

(9)

List of Tables (continued) Table 8-5 | Residential Wood Shingle & Shake Demand by Region & Subregion, 2009 –

9. Other Roofing Products

Table 9-1 | Other Residential Roofing Demand by Product, 2009 – 2029 (million squares

Table 9-2 | Other Residential Roofing Product Demand by Application & Housing Type,

Table 9-3 | Other Residential Roofing Product Demand by Region & Subregion, 2009 –

10.Applications

Table 10-1 | Residential Roofing Demand by Application, 2009 – 2029 (million squares) 137 Table 10-2 | New Residential Roofing Demand by Product, 2009 – 2029 (million squares

Table 10-3 | New Residential Roofing Demand by Region & Subregion, 2009 – 2029

Table 10-4 | Residential Reroofing Demand by Product, 2009 – 2029 (million squares &

Table 10-5 | Residential Reroofing Demand by Region & Subregion, 2009 – 2029

Table 10-6 | Residential Roofing Demand by Housing Type, 2009 – 2029

Table 10-7 | Single-Family Housing Roofing Demand by Application & Product, 2009 –

Table 10-8 | Multifamily Housing Roofing Demand by Application & Product, 2009 –

Table 10-9 | Manufactured Housing Roofing Demand by Application & Product, 2009 –

11.Regions

Table 11-1 | Residential Roofing Demand by Region, 2009 – 2029 (million squares) 155 Table 11-2 | Northeast Residential Roofing Demand by Subregion, 2009 – 2029

Table 11-3 | New England Residential Roofing Demand by Application & Product, 2009 –

Table 11-4 | Middle Atlantic Residential Roofing Demand by Application & Product,

Table 11-5 | Midwest Residential Roofing Demand by Subregion, 2009 – 2029

(10)

List of Tables (continued) Table 11-6 | East North Central Residential Roofing Demand by Application & Product,

Table 11-7 | West North Central Residential Roofing Demand by Application & Product,

Table 11-8 | South Residential Roofing Demand by Subregion, 2009 – 2029

Table 11-9 | South Atlantic Residential Roofing Demand by Application & Product, 2009

– 2029 (million squares) 166

Table 11-10 | East South Central Residential Roofing Demand by Application & Product,

Table 11-11 | West South Central Residential Roofing Demand by Application & Product,

Table 11-12 | West Residential Roofing Demand by Subregion, 2009 – 2029

Table 11-13 | Mountain Residential Roofing Demand by Application & Product, 2009 –

Table 11-14 | Pacific Residential Roofing Demand by Application & Product, 2009 – 2029

12.Industry Structure

Table 12-1 | US Residential Roofing Sales by Company, 2019 (million dollars) 177 Table 12-2 | Selected Mergers & Acquisitions 188 Table 12-3 | Selected Cooperative Agreements 189 Table 12-4 | Selected Industry Participants 192

13.Appendix

Table 13-1 | Study Scope: US Geographic Regions & Subregions 196

Table 13-2 | Relevant Industry Codes 197

Table 13-3 | Relevant HS Codes 197

Table 13-4 | Abbreviations & Acronyms Used in Study 203 Table 13-5 | Macroeconomic Indicators, 2009 – 2029 (billion 2012 dollars) 226 Table 13-6 | Population & Households, 2009 – 2029 (millions) 228 Table 13-7 | Personal Consumption Expenditures, 2009 – 2029 (billion dollars) 230 Table 13-8 | Consumer Financing Environment, 2009 – 2019 232 Table 13-9 | Building Construction Expenditures, 2009 – 2029 ((billion 2012 dollars &

billion dollars) 233

Table 13-10 | Residential Building Construction Expenditures, 2009 – 2029

(billion 2012 dollars & billion dollars) 235 Table 13-11 | Residential Improvement & Repair Expenditures, 2009 – 2029

(billion 2012 dollars & billion dollars) 236 Table 13-12 | New Housing Indicators, 2009 – 2029 238

(11)

List of Tables (continued) Table 13-13 | Housing Stock by Type, 2009 – 2029 (million units) 240

(12)

List of Figures

1. Executive Summary

Figure 1-1 | US Residential Roofing Market 15

2. Overview

Figure 2-1 | Key Trends in the Residential Roofing Market 16 Figure 2-2 | Residential Roofing Demand by Application, 2000 – 2019 (million squares) 18

3. Factors Impacting Residential Roofing Demand

Figure 3-1 | Storm-Related Reroofing: Share of Weather-Related Residential Reroofing

Demand, 2007 – 2019 (squares) 29

4. Asphalt Shingles

Figure 4-1 | Residential Asphalt Shingle Roofing Market Key Findings 44 Figure 4-2 | Residential Asphalt Shingle Demand by Product, 2009 – 2029

Figure 4-3 | Asphalt Shingles: Product Characteristics 48 Figure 4-4 | High-Performance Laminated Asphalt Shingles: Product Characteristics 53 Figure 4-5 | Residential Asphalt Shingle Demand by Housing Type, 2009 – 2029

Figure 4-6 | Asphalt Shingle Roofing Demand by Region, 2009 – 2029 (million squares) 58 Figure 4-7 | Residential Asphalt Shingle Market Share by Company, 2019 (billion dollars) 59

5. Metal Roofing

Figure 5-1 | US Residential Metal Roofing Market Key Findings 60 Figure 5-2 | Metal Roofing: Advantages & Disadvantages 64 Figure 5-3 | Standing Seam Metal Roofing: Advantages & Disadvantages 66 Figure 5-4 | Metal Shingles, Shakes, & Tiles & Corrugated Panel Roofing: Product

Characteristics 68

Figure 5-5 |Residential Metal Roofing Demand by Housing Type, 2009 – 2029

Figure 5-6 | Residential Metal Roofing Demand by Region, 2009 – 2029 (million squares) 74 Figure 5-7 | US Residential Metal Roofing Market Share by Company, 2019

(billion dollars) 76

6. Bituminous Roofing

Figure 6-1 | Residential Bituminous Roofing Market Key Findings 77 Figure 6-2 | Polymer-Modified Membranes & Standard Roofing Felts: Product

(13)

List of Figures (continued) Figure 6-3 | SBS & APP Bituminous Membranes: Product Characteristics 88 Figure 6-4 | Residential Bituminous Roofing Demand by Housing Type, 2009 – 2029

Figure 6-5 | Residential Bituminous Roofing Demand by Region, 2009 – 2029

Figure 6-6 | Residential Bituminous Roofing Market Share by Company, 2019

(million dollars) 98

7. Roofing Tile

Figure 7-1 | US Residential Tile Roofing Market Key Trends 99 Figure 7-2 | Roofing Tile: Advantages & Disadvantages 102 Figure 7-3 | Concrete Roofing Tile: Advantages & Disadvantages 104 Figure 7-4 | Clay Roofing Tile: Advantages & Disadvantages 105 Figure 7-5 | Residential Roofing Tile Demand by Housing Type, 2009 – 2029

Figure 7-6 | Residential Roofing Tile Demand by Region, 2009 – 2029 (million squares) 111 Figure 7-7 | Residential Roofing Tile Market Share by Company, 2019 (million dollars) 112

8. Wood Shingles & Shakes

Figure 8-1 | US Residential Wood Shingle & Shake Roofing Market Key Trends 113 Figure 8-2 | Wood Shingle & Shake Roofing: Advantages & Disadvantages 116 Figure 8-3 | Residential Wood Shingle & Shake Roofing Demand by Housing Type, 2009

– 2029 (million squares) 120

Figure 8-4 | Residential Wood Shingle & Shake Demand by Region, 2009 – 2029

9. Other Roofing Products

Figure 9-1 | Other Residential Roofing Products Market Key Trends 125 Figure 9-2 | Slate, Composite, & Solar Roofing: Product Characteristics 128 Figure 9-3 | Other Residential Roofing Product Demand by Housing Type, 2009 – 2029

Figure 9-4 | Other Residential Roofing Product Demand by Region, 2009 – 2029

10.Applications

Figure 10-1 | Key Trends in US Residential Roofing Applications 134 Figure 10-2 | New Residential Roofing Demand, 2009 – 2029 (million squares) 139 Figure 10-3 | Age-Related Residential Reroofing Demand, 2009 – 2029 (million squares) 144 Figure 10-4 | Residential Reroofing Demand by Reason for Replacement, 2009 – 2024

(14)

List of Figures (continued)

11.Regions

Figure 11-1 | US Regional Residential Roofing Markets 154 Figure 11-2 | New England Residential Roofing Market 158 Figure 11-3 | Middle Atlantic Residential Roofing Market 159 Figure 11-4 | East North Central Residential Roofing Market 162 Figure 11-5 | West North Central Residential Roofing Market 163 Figure 11-6 | South Atlantic Residential Roofing Market 167 Figure 11-7 | East South Central Residential Roofing Market 168 Figure 11-8 | West South Central Residential Roofing Market 170 Figure 11-9 | Mountain Residential Roofing Market 173 Figure 11-10 | Pacific Residential Roofing Market 175

12.Industry Structure

Figure 12-1 | US Residential Roofing Market Share by Company, 2019 (billion dollars) 178 Figure 12-2 |US Residential Roofing Market: Leading Supplier, 2019 179 Figure 12-3 | US Residential Roofing Market: Second Leading Supplier, 2019 180 Figure 12-4 | US Residential Roofing Market: Third Leading Supplier, 2019 181

13.Appendix

Figure 13-1 | Annual Growth in Real GDP, 2000 – 2019, Compared to 1980 – 2005

Average (percent) 227

Figure 13-2 | Annual Population Growth, 2004 – 2019 (percent) 229 Figure 13-3 | New Housing Square Footage by Housing Type, 2004 – 2019 239 Figure 13-4 | Housing Stock by Year of Construction, 2019 (percent) 240

(15)

(16)

(17)

(18)

(19)

(20)

(21)

(22)

(23)

RESIDENTIAL ROOFING. Industry Study #3881 September 2020