Le Lézard
Classified in: Business
Subjects: SVY, ECO

Roofing Tile Demand to Grow 5.4% Annually Through 2021


CLEVELAND, Oct. 12, 2017 /PRNewswire/ -- Roofing tile demand in the US is projected to advance 5.4% per year to just under 5.0 million squares in 2021. Roofing tile demand plummeted during the Great Recession as housing starts fell precipitously in those parts of the US where roofing tiles are often specified, such as southern California; Las Vegas, Nevada; Phoenix, Arizona; and many parts of Florida. Because roofing tile is more often installed on newly built homes, the recovery in new housing activity during the 2011-2016 period supported demand for roofing tile. These and other trends are presented in Roofing: US Forecasts, 15th Edition, a new study from The Freedonia Group, a Cleveland-based industry research firm.

Freedonia Group logo

New construction applications accounted for the larger share of roofing tile demand in 2016 and will continue to do so going forward, totaling 80% of the market in 2021. While most of the gains in new roofing tile demand will be due to rising new housing starts in the South and West, the market segment will see organic growth as builders in other parts of the US increasingly use roofing tiles. Some builders will specify roofing tiles for their durability and some others ? particularly those serving high-end consumers ? will choose roofing tiles to create structures with a more European appearance.

In terms of material type, concrete accounted for the large majority of roofing tile demand in 2016 and will continue to do so through 2021. According to analyst Matt Zielenski, "Concrete roofing tiles dominate demand due to their lower cost and heavier weight compared to clay tiles."

Related studies include:

About The Freedonia Group, a division of MarketResearch.com ? The Freedonia Group is a leading international industrial research company publishing more than 100 studies annually. Since 1985, we have provided research to customers ranging in size from global conglomerates to one-person consulting firms. More than 90% of the industrial companies in the Fortune 500 use Freedonia Group research to help with their strategic planning. Additional Construction & Building Products studies can be purchased at www.freedoniagroup.com, www.marketresearch.com and www.profound.com.

Press Contact:
Corinne Gangloff
+1 440.684.9600
[email protected]

 

SOURCE The Freedonia Group


These press releases may also interest you

at 07:05
Syngenta Group today announced financial results for the fourth quarter and full year 2023. Syngenta Group sales for full year 2023 were $32.2 billion, down $1.2 billion or 4 percent year-on-year (-1% CER). Full year EBITDA decreased 18 percent...

at 07:00
Scrum Ventures, a San Francisco and Tokyo-based early-stage venture capital firm, announced that NBA Champion and entrepreneur Kyle Kuzma, will join the fund as an advisor....

at 07:00
Operation HOPE announced today that "FINANCIAL LITERACY FOR ALL," the latest book by its Founder and CEO John Hope Bryant, has reached #1 on Amazon for Economics, prior to its April 16, 2024 release. From the best-selling author of "Up from Nothing,"...

at 06:37
According to a Department of Justice press release, a South Carolina man was recently sentenced to serve time in federal prison after a criminal tax conviction. This story should serve as a reminder that the consequences of intentionally dodging tax...

at 06:17
NEI Global Relocation's latest whitepaper, "2024 Relocation Trends | Manufacturing," provides a compelling look into how innovative relocation strategies are crucial for the manufacturing sector's talent acquisition and retention efforts. This comes...

at 06:13
JinkoSolar Holding Co., Ltd. ("JinkoSolar" or the "Company") , one of the largest and most innovative solar module manufacturers in the world, today announced that since March 20, 2024, the Company has repurchased 788,178 American depositary shares...



News published on and distributed by: