Industry Analysis & Industry Trends
Residential renovation expenditures, strong government support and a resilient nonresidential construction market kept revenue growth for the Roofing Contractors industry at healthy levels. Additionally, violent storms over the past five years helped boost demand for roof contractor services. In the next five years, sustained growth in most downstream building markets will mirror an increased demand for industry services. Demand for roof construction is also set to expand as a result of higher residential renovation expenditure. Consequently, revenue is forecast to increase, along with industry employment... purchase to read more
Industry Report - Starting a New Business Chapter
The barriers to entry for roofing contractors are relatively low. New entrants may have difficulty competing with established operators who have achieved a reputation for quality work in either general or specialized areas. This lack of a proven track record with demonstrated capabilities may also restrict new entrants from securing public-sector contracts. Additionally, there may be concerns among material suppliers and building developers about the ability of new operators to meet financial commitments, completion dates or required standards of quality.
Initial capital outlays are low and are limited to roof materials, power tools and equipment, tile elevators, scaffolding and harnessing equipment, and transportation, which is often limited to a single truck or van... purchase to read more