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Asphalt Shingle Market Trends and Forecast

The future of the global asphalt shingle market looks promising with opportunities in the residential and commercial sectors. The global asphalt shingle market is expected to reach an estimated $7.7 billion by 2028 with a CAGR of 3% from 2023 to 2028. The major drivers for this market are increasing demand of roofing materials along with affordable price and environment friendly properties and supportive government initiative towards building of smart cities.
Asphalt Shingle Market by Product, and Application

A more than 150-page report is developed to help in your business decisions.  Sample figures with some insights are shown below.
Asphalt Shingle Market by Segments
 

Asphalt Shingle Market by Segment

The study includes a forecast for the global asphalt shingle market by product, application, and region, as follows:

Asphalt Shingle Market by Product [Value ($B) Shipment Analysis from 2017 to 2028]:

  • High-Performance Laminated
  • Laminated
  • Three-Tab

Asphalt Shingle Market by Application [Value ($B) Shipment Analysis from 2017 to 2028]:

  • Residential
  • Commercial

Asphalt Shingle Market by Region [Value ($B) Shipment Analysis from 2017 to 2028]:

  • North America
  • Europe
  • Asia Pacific
  • The Rest of the World

List of Asphalt Shingle Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies asphalt shingle companies cater to increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the asphalt shingle companies profiled in this report include. 

Asphalt Shingle Market Insights

  • Lucintel forecasts that laminated will remain the largest segment over the forecast period because it is an improved version of the standard 3-tab shingle that has an additional layer under its lower half, which makes it stronger and more advanced.
  • Residential is expected to remain the largest segment due to rapid urbanization, growing disposable income of consumer and increasing construction of residential apartments, complexes, and small houses.
  • North America will remain the largest region due to the continuous growth n residential sector and supportive government funding for development of social infrastructure in the region.

Features of the Asphalt Shingle Market

  • Market Size Estimates: Asphalt shingle market size estimation in terms of value ($B)
  • Trend And Forecast Analysis: Market trends (2017-2022) and forecast (2023-2028) by various segments and regions.
  • Segmentation Analysis: Asphalt shingle market size by various segments, such as by product, application, and region
  • Regional Analysis: Asphalt shingle market breakdown by North America, Europe, Asia Pacific, and the Rest of the World.
  • Growth Opportunities: Analysis on growth opportunities in different by product, application, and regions for the asphalt shingle market.
  • Strategic Analysis: This includes M&A, new product development, and competitive landscape for the asphalt shingle market.
  • Analysis of competitive intensity of the industry based on Porter’s Five Forces model.

FAQ

Q1. What is the asphalt shingle market size?
Answer: The global asphalt shingle market is expected to reach an estimated $7.7 billion by 2028.
Q2. What is the growth forecast for asphalt shingle market?
Answer: The global asphalt shingle market is expected to grow with a CAGR of 3% from 2023 to 2028.
Q3. What are the major drivers influencing the growth of the asphalt shingle market?
Answer: The major drivers for this market are increasing demand of roofing materials along with affordable price and environmental friendly properties and supportive government initiative towards building of smart cities.
Q4. What are the major segments for asphalt shingle market?
Answer: The future of the asphalt shingle market looks promising with opportunities in the residential and commercial sectors.
Q5. Who are the key asphalt shingle companies?
Answer: Some of the key asphalt shingle companies are as follows:
  • GAF Materials
  • Owens Corning
  • CertainTeed
  • Atlas Roofing
  • IKO Group
Q6. Which asphalt shingle segment will be the largest in future?
Answer: Lucintel forecasts that laminated will remain the largest segment over the forecast period because it is an improved version of the standard 3-tab shingle that has an additional layer under its lower half, which makes it stronger and more advanced.
Q7. In asphalt shingle market, which region is expected to be the largest in next 5 years?
Answer: North America will remain the largest region due to the continuous growth n residential sector and supportive government funding for development of social infrastructure in the region.
Q8. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% Customization Without any Additional Cost.

This report answers following 11 key questions

Q.1. What are some of the most promising, high-growth opportunities for the asphalt shingle market by product (high-performance laminated, laminated, and three-tab), application (residential and commercial), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?

For any questions related to asphalt shingle market or related to asphalt shingle companies, asphalt shingle market size, asphalt shingle market share, asphalt shingle analysis, asphalt shingle market growth, asphalt shingle market research, write Lucintel analyst at email: helpdesk@lucintel.com we will be glad to get back to you soon.
Table of Contents
 
1. Executive Summary
 
2. Global Asphalt Shingle Market: Market Dynamics
2.1: Introduction, Background, and Classifications
2.2: Supply Chain
2.3: Industry Drivers and Challenges
 
3. Market Trends and Forecast Analysis from 2017 to 2028
3.1: Macroeconomic Trends (2017-2022) and Forecast (2023-2028)
3.2: Global Asphalt Shingle Market Trends (2017-2022) and Forecast (2023-2028)
3.3: Global Asphalt Shingle Market by Product
3.3.1: High-performance laminated
3.3.2: Laminated
3.3.3: Three-tab 
3.4: Global Asphalt Shingle Market by Application
3.4.1: Residential
3.4.2: Commercial  
 
4. Market Trends and Forecast Analysis by Region from 2017 to 2028
4.1: Global Asphalt Shingle Market by Region
4.2: North American Asphalt Shingle Market
4.2.1: North American Asphalt Shingle Market by Product: High-Performance Laminated, Laminated, and Three-Tab
4.2.2: North American Asphalt Shingle Market by Application: Residential and Commercial
4.3: European Asphalt Shingle Market
4.3.1: European Asphalt Shingle Market by Product: High-Performance Laminated, Laminated, and Three-Tab
4.3.2: European Asphalt Shingle Market by Application: Residential and Commercial
4.4: APAC Asphalt Shingle Market 
4.4.1: APAC Asphalt Shingle Market by Product: High-Performance Laminated, Laminated, and Three-Tab
4.4.2: APAC Asphalt Shingle Market by Application: Residential and Commercial
4.5: ROW Asphalt Shingle Market 
4.5.1: ROW Asphalt Shingle Market by Product: High-Performance Laminated, Laminated, and Three-Tab
4.5.2: ROW Asphalt Shingle Market by Application: Residential and Commercial
 
5. Competitor Analysis
5.1: Product Portfolio Analysis
5.2: Operational Integration
5.3: Porter’s Five Forces Analysis
 
6. Growth Opportunities and Strategic Analysis
6.1: Growth Opportunity Analysis
6.1.1: Growth Opportunities for the Global Asphalt Shingle Market by Product
6.1.2: Growth Opportunities for the Global Asphalt Shingle Market by Application
6.1.3: Growth Opportunities for the Global Asphalt Shingle Market by Region
6.2: Emerging Trends in the Global Asphalt Shingle Market 
6.3: Strategic Analysis
6.3.1: New Product Development
6.3.2: Capacity Expansion of the Global Asphalt Shingle Market 
6.3.3: Mergers, Acquisitions, and Joint Ventures in the Global Asphalt Shingle Market 
6.3.4: Certification and Licensing
 
7. Company Profiles of Leading Players
7.1: GAF Materials
7.2: Owens Corning
7.3: CertainTeed
7.4: Atlas Roofing 
7:5: IKO Group
 
.

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Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
  • In-depth interviews of the major players in this market
  • Detailed secondary research from competitors’ financial statements and published data 
  • Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
  • A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
 
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process. 
 

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