Commercial Roofing Market Size, Share, Trends, Growth 2032

Commercial Roofing Industry Prospective:

The global commercial roofing market size was worth around USD 45.38 billion in 2023 and is predicted to grow to around USD 81.34 billion by 2032 with a compound annual growth rate (CAGR) of roughly 6.70% between 2024 and 2032.

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Commercial Roofing Market: Overview

Commercial roofing deals with the installation of roofs over commercial complexes such as warehouses, businesses, and other business centers. The roofing solution is designed to protect the goods and people inside the center from external and environmental elements such as rain, snow, thunderstorms, and excess heat. The demand for sound commercial roofing is on the rise since structural issues such as minor leaks can lead to expensive repairs and affect the overall business operations.

Commercial roofing is significantly different from industrial or residential roofing. The most commonly used materials for roofing activities in commercial spaces include concrete, simple-ply, built-up roofing system (BUR), modified bitumen, gravel, and tar. Most commercial roofs are built over sheet metal decking while a significant segment of commercial roofs may employ wood decking.

Furthermore, commercial roofs tend to be larger in size as compared to residential roofs and are often flat. The demand for commercial roofing is expected to grow due to the rising construction of new hotels and accommodation facilities worldwide. Additionally, the retail sector and e-commerce industries will generate high demand for commercial roofs in the coming years. The concerns associated with disruptions in the supply chain of roofing materials may limit the overall growth trends in the industry.

Key Insights:

• As per the analysis shared by our research analyst, the global commercial roofing market is estimated to grow annually at a CAGR of around 6.70% over the forecast period (2024-2032)
• In terms of revenue, the global commercial roofing market size was valued at around USD 45.38 billion in 2023 and is projected to reach USD 81.34 billion by 2032.
• The market is projected to grow at a significant rate due to the rising construction of new accommodation facilities worldwide.
• Based on the roof type, the low-sloped roofs segment is growing at a high rate and will continue to dominate the global market as per industry projections.
• Based on the end-users, the shopping malls segment is anticipated to command the largest market share.
• Based on region, Asia-Pacific is projected to dominate the global market during the forecast period.

Commercial Roofing Market: Growth Drivers

Rising construction of new accommodation facilities worldwide to drive market demand rate

The global commercial roofing market is projected to grow due to the rising number of new hotels and accommodation facilities worldwide. Since the pandemic restrictions have been lifted, the global travel & tourism industry has witnessed a steady growth rate. The increasing number of domestic and international travelers worldwide is an indication of the boom in the tourism industry.

Furthermore, business and leisure travel has registered significant demand in 2023 according to industry research. Companies operating in the hospitality industry are seeking ways to leverage the increased rate of travelers by developing and offering state-of-the-art accommodation facilities.

For instance, in November 2024, SOL Properties, a leading real-estate developer in the United Arab Emirates (UAE), announced the launch of an exclusive triple-sky mansion in Downtown Dubai. The new facility spans across 20,000-square-foot featuring 5 luxurious bedrooms.

Furthermore, Shamal Holding plans to develop Baccarat Hotel & Residences by 2027 in Dubai. Once the facilities are operational, the company plans to redefine the city’s ultra-luxury hospitality sector. Commercial roofing for such massive structures requires special attention since the roofing must provide effective shelter to the elements stored within the complex.

Growth in retail & e-commerce industries to create higher demand in the industry

The global commercial roofing industry is projected to be further impacted by the growing demand in the retail & e-commerce industries. The ongoing construction of new warehouses built on large areas of land has helped create revenue for commercial roofing solution providers.

In July 2024, LPP, a leading Polish clothing brand, announced the construction of a new e-commerce warehouse in Southern Europe encouraged by the growing demand for its products in the region. The facility being built in Romania will be spread across 40,000 sqm and will assist in the processing of more than 400,000 orders per day.

Commercial Roofing Market: Restraints

Supply chain disruption limits the overall revenue in the market

The global industry for commercial roofing is projected to be restricted due to the disruptions in the supply chain of raw materials required for efficient commercial-grade roofs. Some of the common ingredients used for developing roofing materials include metals, insulation elements, polymer-based components, and bitumen.

However, increasing production cost of raw materials, limited availability, and significant gaps in the demand and supply of raw ingredients created disruptions in the smooth supply chain. In addition to this, the changing international partnerships and trading relationships will further impact overall revenue in the industry.

Commercial Roofing Market: Opportunities

Advancements in roofing technology to generate growth opportunities

The global commercial roofing market is projected to generate growth opportunities due to growing technology-driven advancements in the industry. For instance, the growing use of self-healing shingles and coatings has assisted in prolonging the life of commercial roofs.

Furthermore, they also aid reduction of maintenance costs and improvements in protection against environmental factors. Rapidly changing climate conditions including extreme rain, thunderstorms, and heat along with rising concerns of frequent floods and snow storms have created demand for roofing technologies that can withstand the changing weather.

In addition to this, the adoption of 3-dimensional printing for developing extremely precise and accurate roofs has helped the industry generate higher revenue in the last few years. The development of advanced 3D printers such as the ones offering continuous and high-speed printing along with a surge in demand for metal-based materials for printing in 3 dimensions will be critical to the surge in revenue for commercial roofing providers.

Commercial Roofing Market: Challenges

Rising costs and economic volatility will challenge the market expansion rate in the future

The global industry for commercial roofing faces challenges due to the growing inflation rate worldwide. Costs of resources used for commercial roofing including that of raw materials and labor are increasing every year. In addition to this, the global economy is highly volatile at present during ongoing wars and changing geopolitical scenarios which may further impact the overall growth rate in the market.

Commercial Roofing Market: Report Scope

Commercial Roofing Market: Segmentation

The global commercial roofing market is segmented based on roof type, material type, end-users, and region.

Based on the roof type, the global market segments are pitched roofs, flat roofs, and low-sloped roofs. In 2023, the highest growth was listed in the low-sloped roofs. This type of roofing solution is cost-effective and safe to work on. Furthermore, they offer improved functional attributes and easier maintenance. The growing focus on maximum space utilization among commercial roofing developers is fueling the segmental demand rate. According to market analysis, over 79% of commercial spaces have low-sloped roofs.

Based on material type, global commercial roofing is divided into polyvinyl chloride, ethylene propylene diene monomer, and single-ply membrane roofing.

Based on the end-users, the global market segments are shopping malls, airports, banks & financial institutions, hotels & restaurants, hospitals & healthcare, education facilities, and others. In 2023, the highest revenue was listed in the shopping malls segment. The surge in the number of supermarkets and hypermarkets along with larger retail centers housing multiple brands under one roof is promoting higher segmental revenue. According to market research, the US has more than 62,000 supermarkets & grocery stores.

Commercial Roofing Market: Regional Analysis

Asia-Pacific to register the highest growth during the projection period

The global commercial roofing market will be led by Asia-Pacific during the forecast period. Countries such as Japan, India, China, Singapore, South Korea, and others will contribute to the regional market growth rate. One of the key factors fueling revenue in Asia-Pacific is the growth in infrastructure development projects including commercial centers. Changing consumer lifestyles, favorable government policies, and an increased influx of foreign investments will be critical to the regional market growth trajectory in the future.

In June 2024, the Chinese government announced the launch of new guidelines that will promote the construction of new warehouses in international regions. The guidelines provided detailed explanations of available financial assistance and services to globalize China’s e-commerce industry. In addition to this, the surge in the development of new retail outlets including smaller brands and globally-renowned luxury items will further create demand for specialized commercial roofing.

Furthermore, the presence of a massive manufacturing industry across Asia-Pacific along with the dominant chemicals & metals sector allows greater access to elements required for commercial roofing thus diluting the impact of supply chain disruptions.

Commercial Roofing Market: Competitive Analysis

The global commercial roofing market is led by players like:

• Nations Roof
• Benton Roofing
• Tecta America
• Empire Roofing
• Infinity Roofing & Siding
• Baker Roofing Company
• Crawford Roofing
• Centimark
• Kalkreuth Roofing & Sheet Metal
• Eberhard Roofing
• Flynn Group of Companies
• Aderhold Roofing
• KPost Roofing & Waterproofing
• Kirberg Company
• Kidd Roofing.

The global commercial roofing market is segmented as follows:

By Roof Type

• Pitched Roofs
• Flat Roofs
• Low-Sloped Roofs

By Material Type

• Polyvinyl Chloride
• Ethylene Propylene Diene Monomer
• Single-Ply Membrane Roofing

By End-Users

• Shopping Malls
• Airports
• Banks & Financial Institutions
• Hotels & Restaurants
• Hospitals & Healthcare
• Education Facilities
• Others

By Roof Type

• Pitched Roofs
• Flat Roofs
• Low-Sloped Roofs

By Material Type

• Polyvinyl Chloride
• Ethylene Propylene Diene Monomer
• Single-Ply Membrane Roofing

By End-Users

• Shopping Malls
• Airports
• Banks & Financial Institutions
• Hotels & Restaurants
• Hospitals & Healthcare
• Education Facilities
• Others

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France 
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa