Roofing Industry Statistics

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

Roofing industry statistics.

Industry market size for roofing contractors. While it has been around for a while metal roofing may have something of a rebirth in 2020. 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.

Seventy four percent of roofers surveyed said that they spent more on labor costs in 2018 about 13 more. Adding to that struggle is increased labor costs and regulation. It is no longer something reserved for barns or industrial buildings now coming in a wide array of styles and colors. There are currently over 50 000 establishments engaged in the installation roofing siding and sheet.

Here are eight roofing industry trends to watch for in 2020. Industry market research reports statistics analysis data trends and forecasts. The roofing industry is expected to grow to 5 3 billion over the next several. 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. Find industry analysis statistics trends data and forecasts on roofing contractors in the us from ibisworld. The national roofing contractors association estimates that there are 40 000 unfilled positions in the roofing industry. Bureau of labor statistics occupational employment statistics the median annual wage for roofers was 42 100 in may 2019.

Roofing offers protection from heat rain and other atmospheric conditions. Industry statistics cover all companies in the united states both public and private ranging in size from small businesses to market leaders in addition to revenue the industry market analysis shows information on employees companies and average firm size. Most of the demand for roofers will stem from roof replacement needs and high job turnover. Market size industry statistics.

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. The median wage is the wage at which half the workers in an occupation earned more than that amount and half earned less.