Stone Coated Steel Roofing Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | > 8.00 % |
| Fastest Growing Market | North America |
| Largest Market | North America |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Stone Coated Steel Roofing Market Analysis
The global stone coated steel roofing market is expected to grow at a CAGR of over 8% during the forecast period. Stone coated steel roofing materials are lightweight and combine the superior performance of steel while adding to the beauty and style of any building. They are known for their durability, longevity, and versatility and are emerging as alternatives to traditional tile products, such as those made of clay or concrete.
- The growing usage in the residential sector, primarily in countries of North America, along with New Zealand, and Australia, is expected to be a major driving factor in the market.
- The continuous competition from asphalt shingles and their expensive nature are factors that are likely to hinder the market growth.
- The growing adoption of stone coated steel roofing in various countries of the Middle East is likely to provide an opportunity for the market to grow through the years to come.
Stone Coated Steel Roofing Market Trends
This section covers the major market trends shaping the Stone Coated Steel Roofing Market according to our research experts:
Growing Usage in Residential Application
- In terms of revenue, the residential sector witnessed the largest share of more than 70% in the global market.
- Stone coated steel roofing is a lightweight material and has an aesthetic value. It has properties, such as UV protection, corrosion resistant, sound absorbent, high strength, and durability in order to provide optimal roofing solutions. Hence, due to such factors, it is majorly used in the residential sector, including homes, villas, row houses, and apartment roofs.
- Additionally, it can survive harsh conditions, due to which it is highly preferred in countries, like the United States, the United Kingdom, France, Poland, Belgium, Russia, Hungary, and Germany.
- Homeowners and installers presently are opting for tile, shake, and shingle profiles instead of concrete, cement or asphalt roofs owing to weight restrictions in the residential sector. Also, insurance companies are pressuring people to opt for more durable roofs, which too is significantly increasing the demand for stone coated steel roofing.
- According to Metal Roofing Alliance (MRA), the metal roofing market in the residential sector has increased from 3.7% in 1998 to reach almost 20% through 2020. Growing awareness among homeowners and roofing contractors about the benefits of metal roofing, is driving the metal roofing market, which in turn is providing stone coated steel roofing market immense opportunity to grow over the years.
North America to Dominate the Market
- Thestone coated steel roofing has its origins in New Zealand, however, in recent years its usage has spread all across the world, especially in North American countries.This is due to their distinct looks andversatile styles, durability, long time warranty, energy efficiency, and various other features.
- In North America, the United States accounted for the largest market for stone coated steel roofing. This is majorly owing to the increase in the number of housing projects in the past few years.
- Residential construction for single families has witnessed a growth in the states of Florida, Georgia, North Carolina, Washington, Utah, Tennessee, Ohio, California, Idaho, and South Carolina.
- This has led to a significant increase in demand for stone coated steel roofing in the country and also in general across the North America region.
Stone Coated Steel Roofing Industry Overview
The stone coated steel roofing market is consolidated in nature. Some of the major players operating in the market studied include, Decra Roofing Systems Inc., Ross Roof Group, Boral Steel, Tilcor Roofing Systems, and Roser Roofing Systems, amongst others.
Stone Coated Steel Roofing Market Leaders
Decra Roofing Systems Inc.
Ross Roof Group
Boral Steel
Roser Roofing Systems
*Disclaimer: Major Players sorted in no particular order
Stone Coated Steel Roofing Market Report - Table of Contents
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1. INTRODUCTION
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1.1 Study Assumptions
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1.2 Scope of the Study
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2. RESEARCH METHODOLOGY
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3. EXECUTIVE SUMMARY
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4. MARKET DYNAMICS
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4.1 Drivers
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4.1.1 Features, such as Extended Warranty, Low Maintenance, Less Teardown Costs, etc.
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4.1.2 Growing Usage in Residential Sector Primarily in Countries of North America, and in NewZealand and Australia
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4.2 Restraints
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4.2.1 More Expensive than Traditional Counterparts
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4.2.2 Continuous Competition from Asphalt Shingles
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4.3 Industry Value-Chain Analysis
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4.4 Porter's Five Forces Analysis
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4.4.1 Bargaining Power of Suppliers
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4.4.2 Bargaining Power of Consumers
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4.4.3 Threat of New Entrants
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4.4.4 Threat of Substitute Products and Services
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4.4.5 Degree of Competition
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5. MARKET SEGMENTATION
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5.1 Type
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5.1.1 Classic Tile (Stone Coated Steel Tile)
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5.1.2 Stone Coated Steel Shake
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5.1.3 Stone Coated Steel Shingle
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5.1.4 Barrel Vault Tile
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5.2 Application
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5.2.1 Residential
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5.2.2 Commercial
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5.2.3 Institutional (Schools, Churches, etc.)
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5.3 Geography
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5.3.1 Asia-Pacific
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5.3.1.1 China
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5.3.1.2 India
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5.3.1.3 Japan
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5.3.1.4 Australia & New Zealand
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5.3.1.5 Rest of Asia-Pacific
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5.3.2 North America
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5.3.2.1 United States
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5.3.2.2 Canada
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5.3.2.3 Mexico
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5.3.2.4 Rest of North America
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5.3.3 Europe
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5.3.3.1 Germany
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5.3.3.2 United Kingdom
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5.3.3.3 France
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5.3.3.4 Italy
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5.3.3.5 Poland
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5.3.3.6 Russia
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5.3.3.7 Netherlands
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5.3.3.8 Rest of Europe
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5.3.4 Rest of the World
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5.3.4.1 South America
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5.3.4.2 Middle-East and Africa
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6. COMPETITIVE LANDSCAPE
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6.1 Mergers & Acquisitions, Joint Ventures, Collaborations, and Agreements
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6.2 Market Ranking Analysis
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6.3 Strategies Adopted by Leading Players
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6.4 Company Profiles
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6.4.1 Bjorkstrand Metal Roofing
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6.4.2 Boral
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6.4.3 DECRA Roofing Systems, Inc.
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6.4.4 Gerard
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6.4.5 HARTMAN ROOFING
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6.4.6 Hedrick Construction Inc.
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6.4.7 LASTIME EXTERIORS
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6.4.8 MWL Roofing LLC
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6.4.9 Petra Roofing Company
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6.4.10 Roofing Southwest
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6.4.11 ROSER CO., LTD
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6.4.12 Ross Roof Group
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6.4.13 Terrabella (Alucom LLC)
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- *List Not Exhaustive
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7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Stone Coated Steel Roofing Industry Segmentation
The global stone coated steel roofing market includes:
| Type | |
| Classic Tile (Stone Coated Steel Tile) | |
| Stone Coated Steel Shake | |
| Stone Coated Steel Shingle | |
| Barrel Vault Tile |
| Application | |
| Residential | |
| Commercial | |
| Institutional (Schools, Churches, etc.) |
| Geography | ||||||||||
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Stone Coated Steel Roofing Market Research FAQs
What is the current Stone Coated Steel Roofing Market size?
The Stone Coated Steel Roofing Market is projected to register a CAGR of greater than 8% during the forecast period (2024-2029)
Who are the key players in Stone Coated Steel Roofing Market?
Decra Roofing Systems Inc., Ross Roof Group, Boral Steel and Roser Roofing Systems are the major companies operating in the Stone Coated Steel Roofing Market.
Which is the fastest growing region in Stone Coated Steel Roofing Market?
North America is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Stone Coated Steel Roofing Market?
In 2024, the North America accounts for the largest market share in Stone Coated Steel Roofing Market.
What years does this Stone Coated Steel Roofing Market cover?
The report covers the Stone Coated Steel Roofing Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Stone Coated Steel Roofing Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Stone Coated Steel Roofing Industry Report
Statistics for the 2024 Stone Coated Steel Roofing market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Stone Coated Steel Roofing analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
