DUBLIN, May 25, 2022--(BUSINESS WIRE)--The "Global Flat Roofing Systems Market: Analysis By Material Type, By Application, By Technology, By Construction Type, By Region Size and Trends with Impact of COVID-19 and Forecast up to 2026" report has been added to ResearchAndMarkets.com's offering.
The global flat roofing systems market in 2021 was valued at US$52.50 billion. The market is expected to reach US$62.72 billion by 2026. Flat roofs are mostly used in arid climates and allow the roof space to be used as a living space.
There has been a significant shift in the designs of modern buildings. Especially in the past few decades, flat roofing design has become extremely popular in business hubs. The main reason for such rapid adoption is its numerous benefits. Unlike the sloped roof design, the flat roof is more durable and aesthetically pleasing. It eliminates the problem of space issues on the top floors of the buildings, and the rooftop can be utilized for the activities. Therefore, the flat roofing systems market is expected to flourish in the coming years, at a CAGR of 3.62% during the forecast period of 2022-2026.
Global Flat Roofing Systems Market Dynamics:
Growth Drivers: One of the most important factors impacting flat roofing systems market dynamics is the increasing construction activities. Significant expansion in the construction sector and technological advancements have boosted the adoption of flat roofing systems. Furthermore, the market has been growing over the past few years, due to factors such as growing urbanization, increasing disposable income, increasing number of warehouses, increasing climate change, increasing adoption of flat roofing in the commercial building, etc.
Challenges: The market has been confronted with some challenges specifically, volatility in raw material prices, lack of skilled labor, design consideration, etc.
Trends: The market is projected to grow at a fast pace during the forecast period, due to various latest trends such as increasing housing age, growing demand for green roofing, increasing use of self-adhesive roofing membranes, etc. Green roofs are easier to install and maintain on a flat roof surface. They can be installed on low-sloping roofs surfaces without the need for stabilization. Whereas, the surfaces with a steep slope require an additional reinforcing system such as a tray planting or terracing system to hold soil in place. Therefore, as green roofing is accepted widely, the demand for flat roofing systems is expected to increase simultaneously in the coming years.
Key Topics Covered:
1. Executive Summary
2.1 Flat Roofing Systems: An Overview
2.2 Flat Roofing Systems Segmentation: An Overview
3. Global Market Analysis
3.1 Global Flat Roofing Systems Market: An Analysis
3.2 Global Flat Roofing Systems Market: Material Type Analysis
3.3 Global Flat Roofing Systems Market: Technology Analysis
3.4 Global Flat Roofing Systems Market: Construction Type Analysis
3.5 Global Flat Roofing Systems Market: Application Analysis
4. Regional Market Analysis
4.1 Asia Pacific Flat Roofing Systems Market: An Analysis
4.2 North America Flat Roofing Systems Market: An Analysis
4.3 Europe Flat Roofing Systems Market: An Analysis
4.4 Latin America Flat Roofing Systems Market: An Analysis
4.5 Middle East & Africa Flat Roofing Systems Market: An Analysis
5. Impact of COVID-19
5.1 Impact of COVID on Flat Roofing Market
5.2 Impact of COVID-19 on Construction Activities
5.3 Post Pandemic Impact
6. Market Dynamics
6.1 Growth Drivers
6.1.1 Growing Construction Industry
6.1.2 Growing Urbanization
6.1.3 Increasing Disposable Income
6.1.4 Increasing Number of Warehouses
6.1.5 Climate Change
6.1.6 Increasing Adoption of Flat Roofing in Commercial Buildings
6.2.1 Volatility in Raw Material Prices
6.2.2 Lack of Skilled labor
6.2.3 Design Consideration
6.3 Market Trends
6.3.1 Increasing Housing Age
6.3.2 Growing Demand For Green Roofing
6.3.3 Increasing Use of Self-Adhesive Roofing Membranes
7. Competitive Landscape
7.1 Global Flat Roofing Systems Market Players: Key Comparison
8. Company Profiles
Hood Companies Inc.
MKO Building Products LLC
For more information about this report visit https://www.researchandmarkets.com/r/supw4a
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