United States Asphalt Roofing Shingles Market was valued at USD 4.0 Billion in 2022 and is projected to reach USD 6.0 Billion by 2030, growing at a CAGR of 6.0% from 2024 to 2030.
The US Asphalt Roofing Shingles Market is a vital part of the construction industry, especially as it pertains to residential and commercial roofing solutions. With a growing demand for durable and cost-effective roofing materials, asphalt shingles remain the go-to choice for many contractors and homeowners. The market is characterized by a variety of types, each catering to different industry requirements and customer needs. From traditional three-tab shingles to architectural and premium designer options, these roofing materials offer diverse solutions in terms of aesthetics, durability, and performance.
In the United States, asphalt roofing shingles are required in both residential and commercial applications. The demand for these materials is largely driven by the need for cost-efficient, reliable, and easy-to-install roofing solutions. For residential projects, three-tab shingles are often the most common choice due to their affordability and ease of installation. On the other hand, architectural shingles, which offer better durability and a more upscale appearance, are becoming increasingly popular for both residential and commercial buildings. Their resistance to harsh weather conditions, such as wind and rain, makes them suitable for a variety of climates across the country.
Industries, including construction, real estate development, and even the insurance sector, require asphalt shingles due to their performance and affordability. Roofing contractors prefer these materials because of their cost-effectiveness and availability. Furthermore, the ability to offer warranties on these shingles is a significant factor that appeals to homeowners and business owners alike. With roofing installations being a major investment, customers want assurances of long-term protection and reliability.
Asphalt roofing shingles are also favored by the insurance industry as they provide a robust solution that minimizes the risk of damage and leaks, leading to fewer claims. With the rising trend of energy-efficient buildings, manufacturers are also responding by creating shingles that offer better insulation, contributing to lower energy bills and improved environmental sustainability.
In conclusion, the US Asphalt Roofing Shingles Market is continually evolving to meet the ever-changing demands of industries, offering products that balance performance, aesthetics, and cost-effectiveness. The market’s expansion is a testament to the ongoing need for dependable and versatile roofing solutions across various sectors.
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GAF Materials
Owens Corning
CertainTeed
Atlas Roofing
IKO Group
Malarkey Roofing
PABCO
TAMKO Building Products
Polyglass USA
Tarco
Siplast
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the US Asphalt Roofing Shingles Market
Fiberglass Asphalt Shingles
Organic Asphalt Shingles
3-Tab Shingles
Architectural Shingles
Luxury Shingles
Residential
Commercial
New Construction
Re-roofing
Standard Durability
High Durability
Premium Durability
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the US Asphalt Roofing Shingles Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. US Asphalt Roofing Shingles Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. US Asphalt Roofing Shingles Market, By Type
6. US Asphalt Roofing Shingles Market, By Application
7. US Asphalt Roofing Shingles Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. US Asphalt Roofing Shingles Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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