Temporary Roofing Market Size, Share, Growth, And Industry Analysis By Type (Metal, Plastic, Others), By Application (Residence, Commercial Building, Others), Regional Insights and Forecast to 2031

Updated On: 22 April 2024

Temporary Roofing Market Report Overview

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The global temporary roofing market size was USD 517.81 million in 2022. As per our research, the market is expected to reach USD 731.63 million by 2028, exhibiting a CAGR of 5.93% during the forecast period. The COVID-19 pandemic has been unprecedented and staggering, with the temporary roofing market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden rise in CAGR is attributable to the market’s growth and demand returning to pre-pandemic levels.

Temporary roofing systems are designed to temporarily protect an area from weather, dust, etc. It can stand on the ground or on top of a building, or be an extension of the scaffolding around the building. It can have fully covered walls and ceiling or just a roof or hip roof. Roofing material is the material used on the top floor of the roof of a residential, commercial or industrial building. Concrete and clay tiles, bitumen, elastomers, metal and plastic are some of the many materials used in the process. The material benefits the structure in many ways, including temperature regulation and water resistance. Rising disposable income, better affordability and ease of access to financing have encouraged homeowners to spend more on home renovations and maintenance.

The global roofing market has thrived due to the booming construction industry and the ongoing revival of existing buildings in several countries. The growing need for modern hospitals, medical facilities and senior living complexes to meet the demands of an aging population and growing industrial sector is also expected to boost market growth.

COVID-19 Impact: Decline of Building And Construction Industry due to COVID-19 impede Market Growth

COVID-19 was one such deadly disease that affected the entire world and all industries. The ceiling industry has also fallen victim to the pandemic. Many restrictions and closures have been imposed during COVID-19. This was one of the main reasons for the decline in market share.  The product depends directly on the construction industry. The collapse of this industry during the pandemic reduced market share. The main reason for the collapse of the market was also the disruption of the supply chain and the lack of raw materials. However, after the pandemic, the market quickly recovered and good growth is expected in the coming years.

Latest Trends

"Smart Roofing Leading Market Extension"

The global roofing market is seeing a significant trend towards increasing demand for smart roofing solutions. A smart roof is one that performs independent functions controlled by an algorithm. It constantly monitors its condition, detects and solves problems quickly without periodic checks.  Users are notified when preset limits, such as humidity levels, are exceeded. This technology optimizes building ventilation to prevent moisture damage. These smart roofs can be connected to new buildings or renovations, and in this case only the addition of smart devices such as sensors and a control unit is required. This growing trend is capable of fueling the growth of the global roofing market during the forecast period.

Temporary Roofing Market Segmentation

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• By Type Analysis

According to type, the market can be segmented into Metal, Plastic, Others. Metal is anticipated to be the leading segment.

• By Application Analysis

Based on application, the market can be divided into Residence, Commercial Building, Others. Residence will be dominating segment.

Driving Factors

"Rising Technological Development fuel the Market Growth"

The increasing technological development of production technology further increases the increase in market value. The increase in technological developments aimed at minimizing production costs and waste and the increase in industrialization has increased the use of roofing materials to maintain the efficiency of machines, which ensures a bright future for the market. Adoption of advanced technologies improves aesthetics, which is expected to drive the temporary roofing market growth. The impact of new technologies is currently minimal, but is likely to increase in the future as the use of roofs increases in both residential and non-residential buildings. Governments have made significant investments in infrastructure development, increasing the demand for roofing in the U.S. Thanks to the popularity of environmentally friendly roofing technologies and increasing investment in real estate, the housing class is expected to grow.

"Increase In Construction Activity Had A Positive Effect On The Growth Of The Market "

Building a modern structure has a positive impact on the roofing industry. The ceiling system is better known for its modular and advanced structure with interior design idea. A modern, stylish and efficient roof can improve the overall appearance of a building. The demand for new roofing systems continues to grow as infrastructure advances. The increase in the speed of infrastructure development expands the growth opportunities of the market. The increase in demand for various industrial applications of metals such as aluminum, steel and other metals is directly influencing the temporary roofing market growth. The growth and expansion of the construction sector and construction industry also directly affects the growth rate of the market.

Restraining Factors

"Fluctuating Prices And Norms, Standards And Regulations Can Hinder Market Growth "

Fluctuation or variation in prices of raw material and machinery poses a major threat to market growth. Moreover, uneven availability of raw materials at a particular location weakens the market growth. Stringent regulations imposed by the government for many industrial applications further slowdown the market growth. The lack of standard standards further worsens the market situation.

Temporary Roofing Market Regional Insights

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"Asia Pacific Accounts for the Highest Turnover in the Roofing Market due to rise in Industrial Activity"

The Asia-Pacific temporary roofing market share is expected to have the highest revenue CAGR during the forecast period. Demand for the product is growing in the Asia-Pacific region as the construction industry expands, including new construction and renovation activity. Growth in industrial activity, particularly in China and India, coupled with population growth and rising disposable incomes has increased demand for building and construction activities, which has contributed to the region's revenue growth. Residential construction is the most important part of the construction industry in India. This dominance is due to strong profitable regional growth. In addition, the presence of various product manufacturers and the huge population of the region will accelerate the growth of the product. Rising disposable income and a growing domestic sector in Indonesia, China, India and South Korea are driving industrial growth.

Key Industry Players

"Key Players Focus on Partnerships to Gain a Competitive Advantage "

Prominent market players are making collaborative efforts by partnering with other companies to stay ahead of the competition. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolios. Key industry players in the antacid tablet market have a significant impact on market dynamics. These companies are at the forefront of research and development, consistently introducing innovative formulations and product variations. Their focus on convenience and effectiveness sets industry standards and influences market growth.

List of Market Players Profiled

• Tobler AG (Switzerland)
• Apollo Scaffold Services (U.K.)
• Layher (Germany)
• SafeSmart Access (U.S.)
• HAKI (Sweden)
• SSP GLOBAL (U.K.)
• Altrad Group (France)
• BMI Group (U.K.)
• ALFIX systems (Germany)
• Tubesca Comabi (France)
• MILOS (U.S.)

Report Coverage

The study encompasses a comprehensive SWOT analysis and provides insights into future developments within the market. It examines various factors that contribute to the growth of the market, exploring a wide range of market categories and potential applications that may impact its trajectory in the coming years. The analysis takes into account both current trends and historical turning points, providing a holistic understanding of the market's components and identifying potential areas for growth.

The research report delves into market segmentation, utilizing both qualitative and quantitative research methods to provide a thorough analysis. It also evaluates the impact of financial and strategic perspectives on the market. Furthermore, the report presents national and regional assessments, considering the dominant forces of supply and demand that influence market growth. The competitive landscape is meticulously detailed, including market shares of significant competitors. The report incorporates novel research methodologies and player strategies tailored for the anticipated timeframe. Overall, it offers valuable and comprehensive insights into the market dynamics in a formal and easily understandable manner.