The roofing industry has a market size of $51.9 billion in 2021.
Keep reading to find new roofing statistics related to:
- U.S. roofing market size
- How many roofing companies are in the U.S?
- How much do roofers make?
- Is the roofing industry growing?
- A whole lot more
Let’s see some stats.
Key Roofing Statistics and Trends:
- The roofing industry's market size, measured by revenue, is $51.9 billion in 2021.
- The U.S. roofing contractors industry growth rate is 3.8% in 2021.
- There are 108,069 roofing contractors businesses in the US as of 2021, an increase of 1.6% from 2020.
- As the age of housing increases in the U.S., so will the demand for roofing projects.
- Roofing in the United Kingdom employs tens of thousands of people, and many of the employees within the industry are optimistic about future growth.
- Roofers in the United Kingdom earn an average of 50,000 pounds every year and the number could see an increase in the years to come.
- Green roofing's popularity has increased and is a provable method for combatting persistent flooding.
- Roofing that's with the implementation of solar panels has leveled off in popularity but could increase in the upcoming years.
U.S. Roofing Statistics
Overview Of The Roofing Industry
How big is the roofing industry in the U.S?
The roofing industry's market size, measured by revenue, is $51.9 billion in 2021.
There has always been a strong demand for roofing in the United States.
Building enterprises have an extensive network of contacts with real estate organizations, state, and federal entities.
The roofing industry's size maintains steady growth, totaling over five billion dollars in increased earnings in the years to come. This applies to both industrial roofing and smaller commercial projects.
How competitive is the roofing industry?
Competition within the roofing industry remains strong. With every occupied building that's made, maintenance to the roof must be done at some point.
Although sometimes listed as a drawback, competition can be beneficial to consumers in the roofing industry or enterprises that add to its market share.
Competition has altered the growth rate in the industry. Another is the ease of employers to find roofers that are seeking out employment.
Competition isn't expected to decrease anytime soon given that real estate and infrastructure projects are likely to increase over the next ten years.
What is the U.S. roofing industry growth rate?
The U.S. roofing contractors industry growth rate is 3.8% in 2021.
As of right now, there are 108,069 roofing contractors businesses in the US as of 2021, an increase of 1.6% from 2020.
An overall estimate of its growth rate factors in new housing projects within the real estate market, and commercial developments. As of right now, the entire industry is worth $51.9 billion.
How much do roofers in the U.S. make?
Most businesses in construction and maintenance of housing in the United States provide employees a good salary, both at entry-level and for experienced roofers.
Surveys conducted with roofers in the last three years show that over half maintained a salary increase. But on average, roofers earn about $20 per hour.
Overtime accounts for an additional $6000 every year. Not surprisingly, benefits include health insurance, 401(k), life insurance, and paid sick or travel leave.
Many roofers are provided more benefits than these and may even receive reimbursements for travel and communication expenses.
How many roofs are replaced each year in the U.S?
Since there's no shortage of infrastructure in the U.S, it's not surprising that replacements for roofs are consistently sought out by businesses and individual residences. Shingles don't last forever, and most should be replaced near the end of their warranty.
As housing ages, shingle replacement and maintenance remain steady. The roofing market is made up mostly of replacement projects.
Upwards of 90% of the market is from replacement alone. The total value of replacements is about the same, slightly above 90%.
Are roofers in the U.S. in demand?
Much of the housing in the United State averages about 36 years in age, based on studies conducted in the last decade.
Since the warranty of roofs is shorter than this number, replacements are needed by businesses far and wide.
And with the high number of severe weather events throughout the country, some regions see more activity in the business than others.
But in all, indicators show that roofing demands will increase at a rate of four percent every year, to the tune of over 10 billion dollars in total worth.
How many roofers are there in the U.S?
The United States has a vast network of roofers spread in different fields, but many work as contractors. Taking a look at their entire figures, roofers make up about 54 percent of the entire market.
Since 2018, the population of people employed as roofers has increased to over 15 percent.
Currently, about 220,000 people are actively employed by roofing businesses. This is an increase of about 30,000 workers in three years alone.
If rates continue at this pace, the US could see exponential growth in ease of employment for roofers at the entry-level.
U.K. Roofing Statistics
How big is the U.K. roofing industry?
The United Kingdom has a sizable roofing industry. On its own, the amount of revenue generated in the field in 2021 totals nearly four billion pounds.
Aside from this market size, roofing is extensively done in the country, with residential and commercial projects involving roofers commonplace in all countries within the Kingdom and Northern Ireland.
Many U.K. roofers, similar to the US, work as independent contractors and with larger organizations. Large urban centers tend to be the primary area of activity for roofers, though the countryside maintains its share of roofing activity.
What is the U.K. roofing industry growth rate?
The U.K's roofing growth involves the number of people that conduct business with roofing businesses. It also pertains to expected consumers in the industry. As a whole, the U.K. market has declined 25 percent since the beginning of the year.
The factors contributing to this decrease are the ongoing Covid-19 pandemic and the recession that came with it.
The device has been expected since the beginning of the pandemic but forecasters predict the roofing industry's growth rate to expand as the country goes further into the recovery stage of the ongoing recession.
How much do roofers in the U.K. make?
Salary-wise, the average roofer in the United Kings earns about 15.50 pounds on an hourly basis.
Of course, the pay can change based on the experience of the roofer, the type of work being conducted, and the amount of money provided by the contractor.
For independent contractors, annual pay is close to 50,000 pounds.
Employees working in urban areas can earn slightly more, though most maintain about the same figures in every country within the U.K.
How many roofs are replaced each year in the U.K?
Roof replacements are needed anywhere there has been construction. Most roof materials involve metal, asphalt, or a hybrid of various substances.
Unfortunately, these materials don't last forever and must be properly serviced or replaced, usually every 20-30 years.
If the roof is built well, maintenance might not be required upward of 50 years.
Around seven percent of U.K. residences receive roofing work every year. Again the percentage could be higher depending on the region in question.
Are roofers in the U.K. in demand?
The demand for roofers is steady, even with a slow business growth rate. About five million buildings and homes in the Kingdom are serviced or installed yearly.
Many roofers in the country are highly experienced and the demand for their work continues to grow.
Right now, fewer people qualify as roofers than the rate of people looking for work in the field.
As a result, the demand for roofing employees, both contractors and company workers, is high. The annual salary of roofers could increase if this trend continues into the decade.
How many roofers are there in the U.K?
With a total population of over 66 million people, the United Kingdom is a highly developed and compact nation with many large cities in every country within it. It's not surprising that the number of roofers is high.
Currently, more than 63,000 people work in the field, the number of employers growing slowly but steadily in the last ten years. Although the pandemic could slow the growth rate down slightly, few numbers are indicating a significant decrease in the total populace of roofing employees.
Roofing Industry Trends
10 Most Important Trends In The Roofing Industry
- The annual growth expectancy of the roofing industry in its entirety is anticipated to increase upwards of five percent in the next year. If demand increases with this, the yearly percentage could be even higher.
- Roofing is a profitable business and this isn't expected to change anytime soon. Many roofing businesses have seen increased profit margins, in commercial and residential contracts. Most economists tracking the industry predict it to surpass 19 billion dollars at the end of 2021.
- Many of the roofers that have participated in surveys have signaled increases in both total revenue and sales, particularly in the last three years. Over 50 percent of them anticipate increased employment, jobs, business, and consumer spending on roofing projects.
- The mood of experienced roofers regarding their profession ranges from enthusiastic to optimistic. All signs point to increases in the number of commercial roofing contacts. Nearly 80 percent of the respondents in a recent study expect boosts in 2021 that should continue into the next year. This entails roofers working as contractors and with larger businesses.
- People are increasingly seeking out roofers and roofing companies that specialize in alternative roofing styles. Metal roofing is especially popular, along with singly ply roofing techniques. Over the past year, both of these styles have grown. Spending on these and other alternative roofing methods should grow as people look for building materials that have long warranties and life expectancies.
- Solar panel roofing styles are at an all-time high. However, sources from people keeping track of roofing trends show that the majority of businesses expect slow growth in the use of solar panels. This could change in the next ten years as the costs associated with installing solar panels becomes cheaper for builders. The price of materials to carry out the work should also be lowered, which could drive up demand.
- Increases in concrete roofing will be seen, as will more roofing projects done with synthetic materials. Other materials such as wood shakes and polymers will also become more commonplace, especially with roofing for newer building projects. About 19 percent of roofers expect there to be increased interest and projects involving the use of these materials in their work.
- Contractors in the roofing industry are seeking out new ways to carry out their roofing work, technology playing a large part in this. Technological increases in the entire field of construction aren't expected to significantly reduce the number of employees in roofing, at least in the following years to come.
- Product segmentation could become more popular with roofing organizations. For example, roofs that are made with tile and aluminum are part of a product segment. For now, the largest product segment in the industry is built-up roofs, a combination of various layers of materials such as bitumen, plywood, and asphalt.
- Overall, the largest product segment in the roofing industry accounts for 65 percent of the value in roofing sales. Volume is slightly higher and may increase with demand. Other product segments within roofing are steady but have seen no significant increases.
5 Roof Color & Style Trends
Green Styled Roofs
More consumers than ever are looking for an easy way to make their homes and businesses more environmentally conscious.
Green roofing is one way for a home's building materials to move along with this trend.
By implementing color, a home's roof could beautify the area and last longer before cleanup is necessary.
Green roofs are also great for people with gardens since they blend better than the sometimes bland color of unpainted roof materials.
A green roof can also provide great protection for people with homes in regions with a consistency of inclement weather.
They're solid and the plants that rest on the roof can take in and remove water at an equal or better rate than standard gutters can.
Hybrid Roof Designs
A hybrid roof is a mixture of different materials. When more than one material is used in roofing, the roof itself can last for a longer time, under a longer warranty.
As an example, a roof that's made with at least four or more materials is considered to be a hybrid. It could be a combination of plywood, metal, asphalt, and additional materials.
Shingles are still standard, but roofers expect there to be higher consumer demand for shingles built with additional metals in particular.
Hybrid roofs have also become popular for the design aesthetic. Homes featuring roofs in this style appear modern and sleek, attracting clientele that is inclined to the look.
Metal Roofing Designs
Metal is still a very popular roofing material. It saw a decrease in the past several decades, with our roofing contractors looking for ways to cut back on the spending costs associated with installing the metal. But today, metal roofing has come back as a sustainable building material.
It should come as no surprise that metal roofing has undergone a revival since the style is often associated with modernity and state-of-the-art design concepts.
In 2021, many roofing organizations have begun to install roofs with the material, and more are currently not likely to follow, given that competition is at an all-time high in the field.
Asphalt Shingle Designs
Shingles have been relied on as a roofing material for a long time. Asphalt shingles are especially popular. In fact, they're conspicuous just about anywhere there is housing.
Almost every area where there is a building will have at least one home or commercial establishment with a roof incorporating asphalt shingles. They're very strong and easy to produce.
The costs associated with obtaining asphalt shingles are low. Prices may also lower in the coming years as alternative roofing designs drop to lower costs for contractors and consumers.
Asphalt shingles are also great for nearly any environment. They withstand the harshness of cold weather, snow, ice, and rainy conditions.
In warmer climates, they're resistant to heat and allow homes to retain their coolness, acting as a natural insulator.
More roofers have begun working on designs with asphalt that's colored, an appealing look that could become a highly sought-after style with asphalt shingles.
Reflective Coating Designs
A roof is in constant sunlight, average about 12 hours of the day in many regions of the world.
Because of this, the material they're made of must be strong, resistant to fading, and able to block out harmful ultraviolet rays. Reflective coatings can do this.
They're made of reflective materials of varied colors. However, they all have the same technique which is to direct heat away from a home.
This results in a cooler home overall, allowing the occupants to potentially save on energy costs associated with air conditioning in the spring and summer months.
Conclusion
The roofing industry is in a position to be beneficial for both consumers and business, with little to indicate downward trends that could hamper development in the field.
So long as there is a need for infrastructure, so will there be roofers with a plethora of new and anticipating contracts for work.
Moving on to the next year, sales and market growth will reach levels of broadening demands for roofing styles of all kinds.
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