UK Roofing Market is expected to reach US$ 9.47 Billion by 2031


PRESS RELEASE BY The Insight Partners 13 Aug 2024

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Rising Residential and Commercial Construction Propels UK Roofing Market Growth

According to the latest market study on “UK Roofing Market Forecast to 2031 – Trend and Growth Opportunity Analysis – by Material, Type, and End Use,” the market was valued at US$ 6.67 billion in 2023 and is projected to reach US$ 9.47 billion by 2031; it is anticipated to record a CAGR of 4.5% from 2023 to 2031. The report highlights key factors contributing to the growing UK roofing market size and prominent players along with their developments in the market.

The increasing demand for housing, driven by population growth and urbanization, spurs the development of new residential projects in the UK. The government is also taking initiatives to address the housing shortage and promote affordable homes. The rising residential construction across the country boosts the demand for roofing. Slate and clay tiles are considered ideal for residential roofing applications in the UK due to their ability to resist various weather conditions. According to the Office for National Statistics (ONS), the construction output of the UK increased by 12.7% in 2021 compared to 2020. Further, as per the Construction Output and Employment report released by the ONS in 2023, the construction output for total private new housing increased from US$ 42,315.8 million (£ 33,319 million) in 2020 to US$ 63,991 million (£ 50,386 million) in 2022. Thus, the growing construction output in the country is driving the demand for roofing materials and services.

UK Roofing Market Breakdown – by Country

UK Roofing Market Breakdown – by Country


UK Roofing Market Report, Analysis, Opportunities by 2031

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UK Roofing Market Size and Forecast (2021 - 2031), Country Share, Trend, and Growth Opportunity Analysis Report Coverage: By Material (Asphalt, Metal, Clay, Concrete, Plastic, and Others), Type (Shingles, Tiles, and Sheets), and End Use (Residential, Commercial, Industrial, Institutional, and Others)

Asphalt roofing materials, primarily in the form of roof shingles, have been a popular choice for both residential and commercial buildings. These materials are valued for their ability to withstand various weather conditions, including extreme temperatures, wind, and precipitation, making them particularly suitable for regions facing diverse climatic conditions. The manufacturing process of asphalt-based roofing involves the impregnation of fiberglass or organic base mats with asphalt and the application of mineral granules on the surface, which enhance their strength, waterproofing capabilities, and aesthetic appeal. Asphalt roofing shingles provide an economical solution without compromising performance or longevity. Additionally, the ease of installation and repair further contributes to the popularity of these roofing structures among homeowners and contractors. The availability of a wide range of styles, colors, and textures allows for customization, enabling property owners to achieve the desired look and complement the architectural style of their buildings. Thus, the growing demand for asphalt roofing from the residential sector bolsters the UK roofing market growth.       

Composite roofing is made by combining two or more different components to create a stronger and more durable material. The rising demand for composite roofing is a key factor driving the UK roofing market, reflecting broader trends in construction, sustainability, and technological advancements. Composite roofing, which typically consists of materials such as fiberglass, recycled plastics, and polymers, offers a range of benefits to homeowners and builders. Unlike traditional roofing materials such as asphalt shingles or wooden shakes, composite roofing can withstand extreme weather, including heavy rain, strong winds, and temperature fluctuations. This resilience reduces the need for frequent repairs or replacements, making it a cost-effective option in the long term. As homeowners seek durable roofing solutions that minimize maintenance costs and disruptions, the demand for composite roofing continues to grow, driving market expansion. Additionally, composite roofing is highly valued for its aesthetic versatility. It can imitate the appearance of more expensive materials such as slate, tile, or wood, providing homeowners with the desired look without the associated high costs and maintenance challenges. This ability to replicate various styles makes composite roofing attractive for diverse architectural designs and personal preferences, further fueling its demand. As a result, manufacturers are continuously innovating to offer a wide range of composite roofing products that cater to the evolving tastes and requirements of the market. In addition, the growing usage of tiles of various materials, such as plastic, metal, and composites, helps in boosting the UK roofing market share.

The UK roofing market trends include the growing demand for green buildings. The emphasis on sustainability and environmental consciousness is on the rise in the UK. As a result, there is a growing preference for green buildings that are energy-efficient, resource-efficient, and environmentally friendly. This trend is fueled by increasing awareness of environmental issues, stricter regulatory standards, and a strong market preference for energy-efficient and sustainable construction practices. In recent years, there has been a growing demand for green buildings. According to environmental studies experts, nearly 40% of the greenhouse gases and wastes come from the construction industry. The construction industry is resource-intensive, and constructing a building consumes many natural resources. Green buildings cause a negligible impact on the natural environment of the project site. As a result, there is a growing demand for green buildings. With this, the construction industry accelerates the adoption of roofing products. Moreover, government regulations and incentives aimed at promoting sustainability are accelerating the adoption of green roofing practices. The UK government has implemented various policies and programs to encourage energy-efficient building designs and reduce greenhouse gas emissions. These include financial incentives for installing energy-efficient roofing systems and grants for green building projects. Compliance with these regulations often necessitates the use of sustainable roofing materials and technologies. Major players operating in the construction industry also pay high attention to Building Research Establishment Environmental Assessment Method (BREEAM) Green Building Certification, ratings, green points, and sustainable buildings. Green building initiatives emphasize using sustainable materials and energy-efficient technologies.

The UK roofing market analysis is carried out by identifying and evaluating key players in the market. Russell Building Products Ltd, Wienerberger AG, Breedon Group Plc, William Blyth, Ibstock Plc, Metrotile UK Ltd, Britmet Lightweight Roofing Ltd, Euroclad Group Ltd, CS Coelho da Silva SA, and PREFA UK Ltd. are among the key players profiled in the UK roofing market report.

The segmentation of the UK roofing market report is as follows:

The UK roofing market is segmented on the basis of material, type, and end use. Based on material, the market is segmented into asphalt, metal, clay, concrete, plastic, and others. In terms of type, the market is categorized into shingles, tiles, and sheets. Based on end use, the market is segmented into residential, commercial, industrial, institutional, and others. The residential segment held the largest UK roofing market share in 2023. The growth of the residential sector is driven by factors such as population growth and urbanization, coupled with the increasing emphasis on home improvement and aesthetic appeal. Homeowners prioritize roofing materials that offer durability, energy efficiency, and visual appeal, leading to a diverse range of roofing products tailored to meet these demands. This segment encompasses new constructions, renovations, and replacements, reflecting the ongoing need for quality roofing solutions in the housing market. Economic conditions play a significant role in the progress of the housing market; during periods of economic growth, more homes are built, and homeowners are more likely to invest in roof repairs or replacements. Additionally, weather patterns and climate change impact the market as extreme weather events can cause damage that necessitates roofing services.    

 

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