Industry Analysis & Industry Trends
Over the past five years, suppressed housing start levels and lower residential renovation expenditures hindered demand from the residential construction market. However, violent storms over the period helped boost demand for roof contractor services and increase industry revenue. In addition, greater use of sustainable materials has been supported by government initiatives and consumer trends. In the coming years, growth in most downstream building markets will help boost demand for the industry's services... purchase to read more
Industry Report - Industry Analysis Chapter
The Roofing Contractors industry primarily performs new roofing and reroofing services for its customers in the commercial and residential markets. Despite a setback in 2009, demand for the industry's services has increased over the past five years. Consequently, revenue is expected to grow at an average annual rate of 2.8% to reach $7.3 billion during this period.
Following a slowdown in 2009, demand quickly rebounded, largely due to federal and provincial regulations mandating that certain materials be used in new and remodelling construction projects. Additionally, in response to rising prices for green and sustainable roofing materials, roof contractors have passed on these higher costs to consumers, which has further increased industry revenue during the period... purchase to read more