|Last Quarterly Update:||4/18/2016|
|NAICS Codes:||23816, 23817|
|Industry Overview||Trends & Challenges||Industry Forecast|
|Quarterly Industry Update||Call Prep Questions||Website & Media Links|
|Business Challenges||Financial Information||Glossary & Acronyms|
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.
Global demand for roofing, siding, and sheet metal contractors is driven by construction activity in specific countries and regions. Global construction is expected to grow nearly 4% per year through 2030, which outpaces predicted global average GDP growth of about 3%, according to a report by Global Construction Perspectives and Oxford Economics sponsored by PwC.
The US roofing and siding industry includes about 24,000 establishments (single-location companies and units of multi-location companies) with combined annual revenue of about $34 billion. Key growth drivers include increased construction and renovation activity.
Demand for roofing services is closely tied to maintenance needs and new construction. Demand for replacement and repair is closely tied to storm activity. Profitability depends on efficient operations and management of raw materials and labor expenses. Large companies have advantages in being able to manage multiple projects simultaneously and to serve customers with multiple locations. Smaller firms can compete by specializing in a specific service such as reroofing or building type.
Commercial and residential roofing differ significantly, and most companies specialize in one or the other. Some companies offer both commercial and residential services. Because roofs need regular maintenance, roofing provides relatively steady work compared to contracting that depends chiefly on new construction.
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