The roofing industry is a vital component of construction and building maintenance. From residential homes to commercial buildings, roofs provide crucial protection from the elements and contribute to the overall aesthetic of a structure.
In this blog post, we will explore statistics about the roofing industry to provide a better understanding of the current state of the market and its future trends.
Key Roofing Statistics – MY Choice
- Roof replacements dominate the market in North America and is over 90 percent of the market in both volume (94%) and value (91%).
- The US roofing industry saw a 3.8% growth in 2021, with over 100,000 contractors and a market size of over $50 billion.
- The roofing market earned over $5 billion in total, and increasing housing age will lead to more roofing demand.
- Green roofing has helped combat persistent flooding, and a 4% yearly increase in demand could bring the net worth of the industry to over $10 billion.
- In 2018, a survey found that 65% of roofers reported growth in sales and revenue, and from 2015 to 2020, the industry grew an average of 2.7% yearly (Sources: Kingdom Roofing, IBIS).
Roofing Stats
Statistic | Data |
---|---|
Expected roofing industry revenue in 2021 | Nearly $20 billion (Market Research) |
Average annual growth rate of the roofing industry from 2015 to 2020 | 2.7% (IBIS) |
Percentage of roofers reporting growth in sales and revenue in 2018 | 65% (Kingdom Roofing) |
Percentage of roofers looking into augmented and virtual reality solutions | 65% (Kingdom Roofing) |
Percentage of roofing business owners experiencing a 10% increase in labor costs over the past couple of years | Roughly 80% (Kingdom Roofing) |
Percentage of respondents indicating employee referrals as the best way to find needed workers | 78% (Kingdom Roofing) |
Percentage of industry professionals expecting solar-related sales to remain consistent | 68% (Kingdom Roofing) |
Percentage of the North American roofing market volume and value represented by roofing replacements | Over 90% (BCC Research) |
Average hourly wage for roofers | $20.57 (CSCE) |
Percentage of roofing professionals using estimation software | 57% (Kingdom Roofing) |
Percentage of roofing professionals using accounting software | 43% (Kingdom Roofing) |
Roofing Market Size and Growth
Roofing is a multi-billion dollar industry, with the global roofing market expected to reach $180 billion by 2026, growing at a CAGR of 5.3% from 2021 to 2026. The growth of the roofing market can be attributed to the increasing demand for roofing materials, rising population and urbanization, and increasing construction activities.
No. | Data |
---|---|
1 | CAGR of roofing industry growth is 4.9% |
2 | Expected value of roofing industry is $19.9 billion in 2021 |
3 | Over 65% respondents reported growth in sales and revenue in 2018 |
4 | 78% of roofing professionals believe commercial roofing sales will continue to increase into 2021 |
5 | Single-ply and metal roofing have increased in sales over the last 12 months and are expected to continue increasing |
6 | 68% of industry professionals expect solar-related sales to remain consistent; 25% expect green option to experience significant growth |
7 | Polymer/synthetics, slate, concrete tile, and wood shakes are all between 14-19% of those expecting future growth |
8 | 65% of respondents looking into augmented and virtual reality programs, 67% researching robots, 57% looking into 3-D printing, and 55% said artificial intelligence and predictive analytics could be a part of their business in the future |
Roofing Materials
- Asphalt shingles are the most popular roofing material, accounting for 80% of residential roofing installations.
- Metal roofing is the fastest growing segment of the roofing market, with a CAGR of 6.5% from 2021 to 2026.
- Clay and concrete tiles are the second most popular roofing material, accounting for 10% of residential roofing installations.
- The use of green roofing materials, such as vegetative roof systems and solar roofing, is increasing due to their environmental benefits.
Roofing Industry Employment
The roofing industry provides employment opportunities for a large number of people, with the industry employing over 500,000 people in the United States alone. The roofing industry is expected to see job growth of 4% from 2019 to 2029, with a large number of job openings expected in the near future.
Roofing Industry Markets
No. | Data |
---|---|
9 | Roof replacements dominate the market in North America and are over 90% of the market |
in both volume (94%) and value (91%) | |
10 | Largest product segment in roofing industry is BUR (built up roofs) and is valued at $700 million |
11 | Six largest product segments in the roofing industry represent over 65% of the category value and 70% of the volume |
12 | 88% of respondents’ companies sell single-ply roofing, 82% sell commercial metal roofing, and 67% are in roof coatings |
13 | Single-ply roofing is responsible for over 40% of overall sales revenue annually, while metal and coatings combined represent about 25% of sales |
14 | 67% of respondents expect consistent revenue from sales in steep slope asphalt shingles, compared to the 60% stating the same through metal roofing |
Roofing Industry Employment and Demographics
No. | Data |
---|---|
15 | Largest workforce group in roofing industry is in the construction and extraction occupations |
16 | Between the years 2015 and 2020, the market size of the roofing contractors industry has grown an average of 2.7% |
17 | The Roofing Contractors industry in the US is the 18th ranked Construction industry by market size and the 221st largest in the US |
18 | About 80% of roofing professionals have experienced a 10% increase in labor costs over the last 2 years |
19 | About 70% employed full-time employees to complete the majority of their projects, while about 20% hired subcontractors on a regular basis |
20 | 78% of respondents indicated that employee referrals were the best way to find needed workers |
63% looked to family and friends for potential employees | |
49% use online job postings and 43% use social media platforms | |
21 | CSCE analysis shows that there are 17,730 roofing contracting establishments in the United States with an average of 9.8 employees per establishment |
22 | The average hourly wage of roofers is $20.57 with a yearly |
Roofing Labor Costs
- The average cost of roofing labor in the United States is $45 to $75 per hour.
- The cost of roofing labor varies depending on the type of roofing material and the complexity of the installation.
- The cost of roofing labor accounts for 35% to 55% of the total cost of a roofing project.
Roofing Repair and Maintenance
Roofing repair and maintenance is an important aspect of building maintenance, with the average lifespan of a roof ranging from 15 to 30 years. The cost of roofing repair and maintenance varies depending on the type of roofing material, with metal roofs requiring less maintenance compared to other roofing materials.
Roofing Repair and Maintenance Costs
- The average cost of roofing repair and maintenance is $300 to $1,000 per year.
- The cost of roofing repair and maintenance varies depending on the size of the roof and the type of roofing material.
- Regular roofing inspections and maintenance can extend the lifespan of a roof and prevent costly repairs in the future.
Roofing Safety
Roofing is a dangerous and physically demanding job, with roofing workers exposed to a number of potential hazards, including falls, electrical shock, and cuts. The roofing industry is taking steps to improve safety and reduce the number of accidents and injuries in the workplace.
Roofing Safety Measures
- The use of fall protection systems, such as guardrails and personal fall arrest systems, is mandatory for roofing workers.
- The use of safety harnesses and other personal protective equipment is mandatory for roofing workers.
- Regular safety training and safety inspections are conducted to ensure compliance with safety regulations and reduce the number of accidents and injuries in the workplace.