Roofing Industry Statistics

That s 13 growth which is classified as being faster than average.

Roofing industry statistics.

There are currently over 50 000 establishments engaged in the installation roofing siding and sheet. The global roofing market size was valued at 92 942 3 million in 2019 and is projected to reach 132 775 6 million by 2027 registering a cagr of 4 6 from 2020 to 2027. Get up to speed on any industry with comprehensive intelligence that is easy to read. Bureau of labor statistics occupational employment statistics the median annual wage for roofers was 42 100 in may 2019.

Who knows you may get an idea for updating your own home. The median wage is the wage at which half the workers in an occupation earned more than that amount and half earned less. Adding to that struggle is increased labor costs and regulation. Find industry analysis statistics trends data and forecasts on roofing contractors in the us from ibisworld.

On average 42 percent of overall sales revenue is generated by single ply roofing while metal and coatings together account for a quarter of overall sales revenue. Market size industry statistics. It is no longer something reserved for barns or industrial buildings now coming in a wide array of styles and colors. Roofing offers protection from heat rain and other atmospheric conditions.

The roofing industry is expected to grow to 5 3 billion over the next several. The national roofing contractors association estimates that there are 40 000 unfilled positions in the roofing industry. Industry market research reports statistics analysis data trends and forecasts. Seventy four percent of roofers surveyed said that they spent more on labor costs in 2018 about 13 more.

While it has been around for a while metal roofing may have something of a rebirth in 2020. Most of the demand for roofers will stem from roof replacement needs and high job turnover. Other roofing industry statistics roofing industry in the coming years 1 the roofing industry is expected to grow at a compound annual growth rate cagr of 4 9. Through 2024 the bls estimates that there will be 15 800 open positions within the us roofing industry paying an average of 17 65 per hour.

The vast majority of respondents 88 percent said their company is involved with single ply roofing followed by metal 82 percent and then coatings 67 percent. 17 roofing industry statistics and trends roofing industry statistics and trends.