GITNUX MARKETDATA REPORT 2024

Roofing Industry Statistics And Trends in 2024

Statistic 1

"Approximately 30% of roofing contractors reported labor shortages as one of their top challenges in 2021."

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Statistic 2

"Green roofing solutions are seeing a growth of 15% annually due to environmental benefits."

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Statistic 3

"The roofing industry in the United States reached a market size of approximately $51.9 billion in 2021."

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Statistic 4

"New roofing technologies like drones and 3D modeling are being adopted by over 40% of roofing contractors."

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Statistic 5

"Roofing labor costs make up 40-50% of the total cost of a roofing project."

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Statistic 6

"Average annual revenue per roofing company in the U.S. is approximately $700,000."

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Statistic 7

"Roofing material prices have increased by more than 20% from 2020 to 2021 due to supply chain disruptions."

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Statistic 8

"The average lifespan of an asphalt shingle roof is 20-25 years."

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Statistic 9

"The average cost to replace a roof in the U.S. ranges from $5,000 to $10,000 depending on materials and size."

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Statistic 10

"Asphalt shingles account for about 80% of residential roofing market share in the United States."

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Statistic 11

"The commercial roofing sector accounts for about 38% of the total roofing market in the United States."

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Statistic 12

"Metal roofing demand is growing, with a market value expected to surpass $4 billion by 2026."

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Statistic 13

"The top five roofing companies in the U.S. have a combined market share of over 25%."

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Statistic 14

"Storm-related roof damage accounts for over 80% of insurance claims in the roofing sector."

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Statistic 15

"Synthetic roofing underlayment is becoming increasingly popular, with its market share rising to 12% in 2021."

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Statistic 16

"The number of roofing-related permits issued in the U.S. increased by 18% from 2019 to 2020."

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Statistic 17

"There are over 108,000 roofing businesses currently operating in the U.S."

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Statistic 18

"Over 70% of roofing contractors offer some form of financing options to their customers."

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Statistic 19

"The roofing industry is expected to grow at a CAGR of 3.6% from 2021 to 2028."

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Statistic 20

"In 2020, the reroofing segment accounted for more than 65% of the market share in the roofing industry."

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