Global Asphalt Shingles Market Research Report Covers Historical Market Trends, Current Market Dynamics, Market Valuation by Segmentation as Well as Region, Country-level Analysis for Every Segment, Key Player’s Market Share Analysis, Competitive Landscape and Supply Chain Analysis.
Global Asphalt Shingles Market is expected to grow with the CAGR of approximately 5.8% from 2018 to 2023.
Key players include Owens Corning (US), Certain Teed Corporation (US), IKO Industries, Ltd. (Canada), TAMKO Building Products, Inc. (US), Tarco, Inc. (US), Siplast, Inc. (US), Henry Company LLC (US), Malarkey Roofing Products (Portland), Polyglass U.S.A., Inc. (US), and Atlas Roofing Corporation (US). The global asphalt shingles market is highly competitive with many players, across the globe. The players adopted various strategies to expand their global presence and increase their market shares. Some of the key strategies adopted by the players include new product developments in terms of advanced material, mergers, and acquisitions, along with strategic partnerships, and collaborations.
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The global asphalt shingles market has witnessed a positive surge since the past few years. This is attributed to its properties such as environment friendly, cost-effectiveness, durability, and the increased focus on the aesthetic appeal in construction. The increasing investment in private construction across the globe, along with swift urbanization resulting in growing number of residential construction projects have led to the increased demand for asphalt shingles on a global scale.
Asphalt roof shingles are the most preferred roofing material used in residential repair and remodeling projects across the developed regions. The extreme weather conditions and emphasis on the eco-friendly roofing systems in the region has fueled the demand for asphalt shingles in the region.
Furthermore, there is seen an increase in the global foreign direct investment (FDI) inflows. The rise in FDI inflows was more prominent in developed economies. However, the Asia-Pacific region continued to receive a significant amount of FDI inflows. The FDI inflows in construction in the region has led to increased construction projects and real-estate development of both new construction and remodeling. This has induced the demand for Asphalt Shingles in the region.
North America region, anticipated to exhibit maximum growth rate in the global asphalt shingles market
Geographically, the global Asphalt Shingles Market has been divided into four major regions namely North America, Europe, Asia-Pacific, and the Rest of the world (RoW). North America, accounted for the largest market share in 2017, and is expected to witness a similar growth over the forecast period. The region is marked with extreme climate conditions where in efficient roofing systems is always preferred during the new construction as well as the remodeling projects. This is backed by the requirement and emphasis on cost-efficient, durable as environment friendly roofing systems. The region has also seen increasing investment inflow in the infrastructure upgradation which has fueled the demand for asphalt shingles market in the countries of North America, and Europe. In North America, US is projected to be the largest consumer of asphalt shingles for their building and construction projects and thus accounted for the largest market share in terms of both value and volume among all countries in the North American region.
On the other hand, Asia-Pacific is anticipated to witness highest growth rate over the forecast period, owing to the growing number of residential projects owing to the rapid urbanization, coupled with technological advancements in the construction industry. China and India have proved to the leading markets for asphalt shingles. The countries have emerged as lucrative destinations for foreign investment, and hub for leading multinationals with supportive policies, and framework which among other factors have been instrumental in attracting lot of demand for asphalt shingles.
- Raw Material Suppliers
- End Users
- Product Manufacturers
- Traders & Distributors
- Regulatory Bodies
- Market Research and Consulting Firms
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List of Tables
Table 1 Global Asphalt Shingles Market: by Region, 2018-2023
Table 2 North America Asphalt Shingles Market: by Country, 2018-2023
Table 3 Europe Asphalt Shingles Market: by Country, 2018-2023
Table 4 Asia-pacific Asphalt Shingles Market: by Country, 2018-2023
Table 5 Row Asphalt Shingles Market: by Country, 2018-2023
Table 6 Global Asphalt Shingles Market, by Material, by Regions, 2018-2023
Table 7 North America Asphalt Shingles Market, by Material, by Country, 2018-2023
Table 8 Europe Asphalt Shingles Market, by Material, by Country, 2018-2023
Table 9 Asia-pacific Asphalt Shingles Market, by Material, by Country, 2018-2023
Table 10 Row Asphalt Shingles Market, by Material, by Country, 2018-2023
List of Figures
Figure 1 Research Process of Mrfr
Figure 2 Top Down & Bottom Up Approach
Figure 3 Market Dynamics
Figure 4 Impact Analysis: Market Drivers
Figure 5 Impact Analysis: Market Restraints
Figure 6 Porter’s Five Forces Analysis
Figure 7 Value Chain Analysis
Figure 8 Global Asphalt Shingles Market Share, by Material, 2016 (%)
Figure 9 Global Asphalt Shingles Market, by Material, 2015-2023 (Usd Million)
Figure 10 Global Asphalt Shingles Market Share, by Type, 2016 (%)
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