By Nick Gilbert
The need for residential roofing is slated to grow by a CAGR of 5% from 2011 to 2014. The total demand will touch about $13.6 billion. The surge will be based on the revival of new constructions and consistent unceasing improvement in the re-roofing market in total.
Principia has unveiled its recent Residential Roofing 2012 edition for multiple customers, a comprehensive market report that divulges vital market information put together for planned marketing and business schemes. Principia had discussions with over 150 experts functioning as construction product manufacturers, wholesalers, retailers, dealers, builders, contractors and installers.
The report recognizes the top-most development opportunities up to 2014, plans for creating value and competitive advantage, as well as the modifications in the supply channels of the residential roofing market. It also gives fine points such as: latest evaluation of the residential roofing market; consumer inputs about recent drivers and trajectories; known channel opportunities; market share data of important producers; and technical know-how of residential roofing growth segments.
The report also offers a special interactive market model and forecasting tool that enables subscribers to create a hypothetical market situation founded on their perceptions of factors like residential construction commencements, timing of new rules, and other factors utilizing the information obtained from the report.
John Calhoon, Principal, stated that in the coming three years, only a miniscule change is expected to be seen in the residential roofing product market. Diminishing cost and enhanced performance will aid the progress of the market for asphalt shingles. Lifetime warranties provided for the asphalt shingles along with low installation cost will maintain the popularity of these products. The actual struggle will be the competition for bigger share gains among asphalt producers.