By Joel Scanlon
Commercial roofing requirements in North America are predicted to increase by $480 million during the coming three years, from 2011 to 2014.
The demand increased to 6 million sq. ft. worth $4.8 billion in 2011 and is projected to increase to 6.6 million sq. ft. worth $5.3 billion in 2014. The hike in requirements for commercial roofing will be driven by the liquid-applied roofing and single-ply roofing sectors.
Principia has brought to light its multiple-customer edition on Commercial Roofing 2012, a thorough market report that provides vital market information put together for well-planned marketing and business strategies. Principia had direct discussions with about 500 experts functioning as construction product manufacturers, suppliers, dealers, wholesalers, builders, contractors and installers.
According to John Calhoon, Principal at Principia, the industry if faced with the arduous task of developing products and systems to abide by more rigid building regulations, at the same time had to satisfy customer needs regarding performance. Hence, products and systems are being produced to meet the high levels of improved performance, reflectivity and enhanced insulation so that there will be consistent gains from saving power.
The report recognizes the top-most growth opportunities through 2014, plans for value creation, and competitive benefits as well as the alterations in the supply system catering to the commercial roofing market. It also proffers business insights on:
- The latest assessment of the commercial roofing market
- Feedback from clients regarding vital trends and drivers
- Recognized channel opportunities
- Market share analysis for prominent producers and
- Important knowledge about commercial roofing growth segments