The Business Research Company’s Asphalt Shingles Global Market Report 2024is the most detailed report available on the market, including broad forecast periods and multiple geographies. The reportcovers the historic period – 2010-2021, and the forecast period – 2023-2032. The Asphalt Shingles Global Market Report 2023evaluates asphalt shingles market size, growth rate, drivers, trends, and major companies.
The report provides a global perspective by covering 60 geographies and focusing on major economies in each region – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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The global asphalt shingles market is expected to grow from$7.01 billion in 2023 to $7.31 billion in 2024 at a compound annual growth rate (CAGR) of 4.3%. The growth in the historic period can be attributed to housing construction boom, suburbanization trends, durability and cost-effectiveness, renovation and replacement.The asphalt shingles market size is expected to see steady growth in the next few years. It will grow to $8.46 billion in 2028 at a compound annual growth rate (CAGR) of 3.7%.
The increasing demand for construction activities is expected to propel the growth of the asphalt shingles market going forward. Construction activities refer to the processes involved in assembling buildings or infrastructure. Asphalt shingles are commonly used roofing materials in construction activities of buildings, providing new appearance, textures and qualities to infrastructures. For instance, in October 2021, according to a report published by Oxford Economics, a UK-based economic information services company, the global construction output was $10.7 trillion in 2020 and between 2020 and 2030, it is expected to increase by 42%, or $4.5 trillion, to reach $15.2 trillion. Therefore, the increasing demand for construction activities is driving the growth of the asphalt shingles market.
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The asphalt shingles market segments in the report are:
1) By Product Type: Dimensional Shingles, High-Performance Laminated Shingles, Three-Tab Shingles
2) By Composition: Organic Asphalt Shingles, Fiberglass Asphalt Shingles
3) By Application: Residential, Commercial
The table of contents in TBRC’s asphalt shingles market report includes:
1. Executive Summary
2. Asphalt Shingles Market Characteristics
3. Asphalt Shingles Market Trends And Strategies
4. Asphalt Shingles Market – Macro Economic Scenario
5. Impact Of High Inflation On Market
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32. Global Asphalt Shingles Market Competitive Benchmarking
33. Global Asphalt Shingles Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Asphalt Shingles Market
35. Asphalt Shingles Market Future Outlook and Potential Analysis
36. Appendix
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