The North America Steel Roofing Market size is expected to reach USD 3.53 billion by 2025, according to a new report by Grand View Research, Inc. It is projected to expand at a CAGR of 4.5% during the forecast period. Increasing awareness regarding green buildings coupled with favorable government regulations concerning the use of durable and energy-efficient materials in the construction sector is expected to drive the product demand.
The construction industry in North America has a notable impact on the demand for steel roofing as they are extensively utilized in residential, commercial, and industrial buildings. Steel roofs are long-lasting and durable building materials that provide significant energy saving to end-use applications, which is the major factor driving the market.
The demand is directly influenced by the rising population and the need for sustainable buildings along with product penetration in the market. Furthermore, adoption of energy codes and solar power in roofing systems across all end-use applications is projected to augment the growth in demand for steel roofing over the forecast period.
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Market players are focused on adopting expansion strategies for increasing their market share. They engage in merger and acquisition activities for maintaining market leadership. However, fluctuation in the steel prices on global scale is anticipated to hamper the product demand in the fortchomign years.
Further key findings from the report suggest:
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Key Topics Covered
Chapter 1. Methodology and Scope
1.1. Research Methodology
1.2. Research Scope & Assumption
1.3. Information Procurement
1.3.1. Purchased Database
1.3.2. GVR’s Internal Database
1.3.3. Secondary Sources & Third-Party Perspectives
1.3.4. Primary Research
1.4. Information Analysis
1.4.1. Data Analysis Models
1.5. Market Formulation & Data Visualization
1.6. Data Validation & Publishing
Chapter 2. Executive Summary
2.1. Market Outlook
2.2. Segmental Outlook
2.3. Competitive Insights
Chapter 3. North America Steel Roofing Market Variables, Trends & Scope
3.1. Market Lineage Outlook
3.1.1. Global Roofing Materials Market Outlook
3.2. North America Steel Roofing Market – Market Segmentation
3.3. Market Definitions
3.4. Penetration and Growth Prospect Mapping
3.5. North America Steel Roofing – Value Chain Analysis
3.6. Technology Overview
3.7. Regulatory Framework
3.8. North America Steel Roofing – Market Dynamics
3.8.1. Market Driver Analysis
3.8.1.1. Growth of construction industry in North America
3.8.1.2. Increasing awareness regarding green buildings
3.8.2. Market Restraint Analysis
3.8.2.1. Volatile steel prices
3.8.3. Industry Challenges
3.9. Business Environment Analysis: North America Steel Roofing Market
3.9.1. Porter’s Analysis
3.9.1.1. Supplier Power
3.9.1.2. Buyer Power
3.9.1.3. Threat of Substitute
3.9.1.4. Threat of New Entrants
3.9.1.5. Competitive Rivalry
3.9.2. PESTEL Analysis
3.9.2.1. Political Landscape
3.9.2.2. Environmental Landscape
3.9.2.3. Technological Landscape
3.9.2.4. Economic Landscape
3.9.2.5. Legal Landscape
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About Grand View Research
Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.
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