A Look at the Metal Roofing Market 2018-2025
Sep 07, 2018The metal roofing industry continues to grow – and with good reason. More people are learning about the eco-friendly advantages and are trading in traditional roofing materials for metal. Let’s take a look at how metal roofing continues to be a return on investment in today’s market.
Market Research
All the research points to a growth in the metal roofing business. In 2017, the industry reached over $3 billion in revenue, mostly from light commercial buildings and residential homes. Most homeowners agreed the bigger upfront cost was offset by the lifespan of the roof. The region with the biggest increase in metal roofing is the East South Central region (Alabama, Kentucky, Mississippi and Tennessee), with 30% of homes re-roofing with metal.
Steady Growth
Growth in the industry is not a fad. It has been gathering speed over time. More homeowners are discovering the advantages and signing up for the long-term benefits. Predictions show that through 2021, the value demand of metal roofing will continue to increase by 2%, reaching $3.5 billion.
Popularity
Metal roofing is growing in popularity. While shopping centers and commercial buildings have been using metal roofing, residential homeowners are now picking up on the advantages as well. As time goes on, more options are available for decorative choices and color options, making it easier to match the character of a residential home.
Not Just in the US
Metal roofing is gaining popularity all over the world. The latest statistics show growth in areas such as South America, Asia-Pacific, East Africa, Europe and North America. The global interest in metal roofing materials shows the idea is expanding and leading experts agree on the benefits. As countries adopt new laws and rules for eco-friendly practices, metal roofing is gaining popularity. The U.S. is following suit as homeowners learn about the exciting possibilities of metal roofing systems.
On-Site Production
On-site production for metal roofing is expanding options even further. Portable technology is growing, allowing manufacturers of metal roofing to assemble custom roofing products on site. No longer are parts ordered, made and then delivered. Companies can work together to create a custom solution for any roofing project. From large commercial buildings to unique residential homes, the possibilities are endless and expanding.
If you’re on the fence about investing in a metal roof, let popular demand help guide your choice. Analyses of the metal roofing market up to 2025 projects steady growth in demand – growth that’s been building for the past few years. If you’re ready for a new metal roof, Erie Metal Roofs is ready to help you install a metal roofing system on your home to enjoy the benefits homeowners are talking about. It’s time to consider making the switch to metal.
