Roofing, Siding & Sheet Metal Contractors Industry Profile

Report Page Length: 10-12
Last Quarterly Update: 3/31/2014
SIC Codes: 1761
NAICS Codes: 23816, 23817
Chapters Include:
Industry Overview Trends & Challenges Industry Forecast
Quarterly Industry Update Call Prep Questions Website & Media Links
Business Challenges Financial Information Glossary & Acronyms
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Excerpt from Roofing, Siding & Sheet Metal Contractors Industry Profile

Companies in this industry install and repair roofing, siding, and gutters for homes and businesses. Major US companies include CentiMark, D C Taylor, and Tecta America.

The US roofing and siding industry includes about 20,000 companies with combined annual revenue of about $30 billion. Key growth drivers include increased construction and renovation activity.

COMPETITIVE LANDSCAPE

Demand for roofing services is closely tied to maintenance needs and new construction. Profitability depends on efficient operations. Large companies have advantages in being able to manage multiple projects simultaneously and to serve customers with multiple locations. Companies compete based mainly on price. Most companies in the industry are small.

Commercial and residential roofing differ significantly, and most companies specialize in one or the other. Because roofs need regular maintenance, roofing provides relatively steady work compared to contracting that depends chiefly on new construction.

PRODUCTS, OPERATIONS & TECHNOLOGY

Commercial roofing jobs account for the majority of industry revenue. Revenue from reroofing, repair, and maintenance accounts for 65 percent, while 35 percent is from new construction. The average useful life of a commercial roof is about seven years. Reroofing, maintenance, and repairs are often more profitable than new construction, as companies often negotiate these contracts rather than soliciting bids from several competitors. Roof repair involves simple tasks like caulking, fixing leaks, and re-coating. Roof restorations are bigger jobs, involving resurfacing and major repairs. Reroofing costs twice as much as restoring, and involves replacing ...

 
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