The Steel Roofing Alliance (MRA) not too long ago launched new market analysis showcasing U.S. metallic roofing tendencies for 2023.
Based mostly on knowledge from two impartial analysis sources—FMI and Freedonia—the share of residential metallic roofing in america continues to achieve floor. Whereas shipments dipped barely in 2023 on account of a slower housing market, the business is now capturing roughly 18 p.c of the full residential roofing market. In response to the information, the re-roofing market is robust for metallic roofing, which can even be because of the rising frequency of weather-related disasters, which is rising demand for extra resilient, longer-lasting constructing supplies.
In response to a information launch, MRA officers imagine their efforts to advertise metallic roofing amongst householders are efficient, because the residential metallic roofing market now accounts for 84 p.c of the full sq. footage of metallic roofs offered within the nation.
In response to Freedonia analysis, the residential metallic roofing market is predominately made up of metal, which captures roughly 82 p.c of the U.S. market. For type, standing seam ranked among the many hottest, with metallic roofing shingles and through-fastened roofs additionally capturing a portion of the market. Freedonia analysis revealed that newer applied sciences and types—together with stone-coated metallic roofing—are additionally gaining floor.
Buy components
In response to this yr’s findings from FMI, components that almost all affect the kind of materials chosen by householders embrace lifespan or longevity, private preferences, look, value, and architectural specs.
Analysis additionally demonstrates that weather-related components could also be driving curiosity in metallic roofing. In evaluating the rise of climate-related disasters with the rise in householders selecting metallic roofing for restore and alternative, the MRA states Freedonia analysis signifies a correlation between the 2, with the demand for metallic roofing rising with the rise in local weather disasters from 2015 to 2022. Steel roofing has been confirmed to assist shield in opposition to hurricanes, excessive wind extremes, hail and extreme storm injury, heavy snow, and ice, and might earn a Class A score in opposition to wildfire risks (the very best score attainable).
“It is smart that householders who’ve lived by means of devastating local weather disasters and have skilled pricey repairs or the necessity to re-roof utterly would select stronger, longer lasting, and extra sturdy supplies designed to higher face up to extreme climate extremes,” says Renee Ramey, MRA government director. “We’re seeing this confirmed out in numerous market analysis research protecting the U.S. and Canada.”
Forecasts for U.S. residential metallic roofing
FMI analysis forecasts metallic roofing is anticipated to achieve greater than 446 billion m2 (4.8 billion sf) in 2028 primarily based on historic and forecasted shipments (sq. footage). These forecasts additionally level to a 19 p.c improve in development for residential metallic roofing from 2024 to 2028, with re-roofing and alternative driving a lot of the market.
Within the information launch, Ramey says the residential market is experiencing elevated consciousness and rising curiosity in constructing practices that handle the wants of a altering local weather and a concentrate on improved sustainability and predicts this can have a optimistic impression on the business total.
For instance, whereas residential rooftop photo voltaic programs could have been a distinct segment market previously, they’re now turning into a normal follow for brand spanking new builds and re-roofing tasks. A majority of these programs require supplies comparable to metallic that enable for ease of set up.
“Training, consciousness, and improved constructing strategies within the U.S. will assist drive higher, longer-lasting options,” says Ramey. “That naturally results in an elevated desire for high quality metallic roofing as a greater and extra sustainable alternative.”
