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Industry Landscape
The roofing industry is currently experiencing steady growth, driven by factors such as aging infrastructure, increasing demand for new construction, and the need for storm damage repair. Technological advancements in materials and installation techniques are also shaping the market, with a growing emphasis on energy efficiency and sustainability. Competition is robust, especially in storm-prone regions, necessitating strong customer service and diverse service offerings.
Total Assets Under Management (AUM)
Roofing Services Market Size in United States
~Approximately $50 billion in the US (2023 estimate)
(3.5-4.5% CAGR)
- Residential roofing is a significant segment. - Commercial roofing is driven by new construction and maintenance. - Storm damage and extreme weather events contribute significantly to demand.
Total Addressable Market
50 billion USD