Roofing Statistics, Trends And Facts 2023

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.

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

1. Asphalt shingles are the most popular roofing material, accounting for 80% of residential roofing installations.
2. Metal roofing is the fastest growing segment of the roofing market, with a CAGR of 6.5% from 2021 to 2026.
3. Clay and concrete tiles are the second most popular roofing material, accounting for 10% of residential roofing installations.
4. 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

1. The average cost of roofing labor in the United States is $45 to $75 per hour.
2. The cost of roofing labor varies depending on the type of roofing material and the complexity of the installation.
3. 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

1. The average cost of roofing repair and maintenance is $300 to $1,000 per year.
2. The cost of roofing repair and maintenance varies depending on the size of the roof and the type of roofing material.
3. 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

1. The use of fall protection systems, such as guardrails and personal fall arrest systems, is mandatory for roofing workers.
2. The use of safety harnesses and other personal protective equipment is mandatory for roofing workers.
3. 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.