Global Roofing Shingles Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Type;

3-Tab, Dimensional and Premium.

By Substrate;

Wood, Slate, Flagstone, Metal, Plastic, Composite materials, Fibre Cement, Asphalt and Unconventional (Solar).

By Application;

Interior, Residential, Commercial, Industrial, Exterior, Residential, Commercial and Industrial.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn212871779 Published Date: March, 2025 Updated Date: April, 2025

Introduction

Global Roofing Shingles Market (USD Million), 2021 - 2031

In the year 2024, the Global Roofing Shingles Market was valued at USD 133,798.00 million. The size of this market is expected to increase to USD 171,383.06 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 3.6%.

The global roofing shingles market represents a critical segment within the broader construction materials industry, driven by the demand for durable, aesthetically pleasing roofing solutions across residential, commercial, and industrial sectors worldwide. Roofing shingles, known for their versatility, ease of installation, and ability to withstand various weather conditions, play a significant role in enhancing the curb appeal and longevity of buildings. This market encompasses a diverse range of shingle types, including asphalt, fiberglass, and architectural shingles, each offering distinct advantages in terms of cost-effectiveness, durability, and aesthetic customization.

Key drivers of the global roofing shingles market include robust construction activities in emerging economies, urbanization trends, and increasing renovation and remodeling projects in mature markets. The residential sector is a major consumer of roofing shingles, particularly in North America where asphalt shingles dominate due to their affordability and adaptability to different architectural styles. Additionally, technological advancements in shingle manufacturing processes, such as improved durability and energy efficiency features, are contributing to market growth as consumers seek sustainable and high-performance roofing solutions.

The market exhibits varying dynamics across regions influenced by local climate conditions, regulatory frameworks, and economic factors. While North America remains a dominant market for roofing shingles, regions like Europe and Asia-Pacific are witnessing rapid growth driven by urban expansion and infrastructure development. The global roofing shingles market is characterized by innovation, competitive pricing strategies, and strategic partnerships among manufacturers to meet evolving consumer preferences and regulatory requirements, positioning it as a key sector within the construction materials industry poised for continued growth and development.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Type
    2. Market Snapshot, By Substrate
    3. Market Snapshot, By Application
    4. Market Snapshot, By Region
  4. Global Roofing Shingles Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Urbanization and population growth
        2. Increasing construction activities
        3. Rising disposable incomes
        4. Demand for energy-efficient roofing solutions
        5. Technological advancements in shingle manufacturing
      2. Restraints
        1. Fluctuating raw material prices
        2. High initial installation costs
        3. Environmental concerns related to manufacturing and disposal
        4. Market saturation in developed regions
        5. Intense competition among manufacturers
      3. Opportunities
        1. Renovation and remodeling activities
        2. Expansion in emerging markets
        3. Development of sustainable and eco-friendly shingles
        4. Integration of smart technologies in roofing solutions
        5. Strategic alliances and partnerships
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Roofing Shingles Market, By Type, 2021 - 2031 (USD Million)
      1. 3-Tab
      2. Dimensional
      3. Premium
    2. Global Roofing Shingles Market, By Substrate, 2021 - 2031 (USD Million)
      1. Wood
      2. Slate
      3. Flagstone
      4. Metal
      5. Plastic
      6. Composite materials
      7. Fibre Cement
      8. Asphalt
      9. Unconventional (Solar)
    3. Global Roofing Shingles Market, By Application, 2021 - 2031 (USD Million)
      1. Interior
      2. Residential
      3. Commercial
      4. Industrial
      5. Exterior
      6. Residential
      7. Commercial
      8. Industrial
    4. Global Roofing Shingles Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia/New Zealand
        5. South Korea
        6. ASEAN
        7. Rest of Asia Pacific
      4. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
      5. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
  6. Competitive Landscape
    1. Company Profiles
      1. Owens Corning
      2. CertainTeed Corporation (Saint-Gobain)
      3. IKO Industries Ltd.
      4. GAF Materials Corporation (Standard Industries)
      5. TAMKO Building Products LLC
      6. Atlas Roofing Corporation
      7. Malarkey Roofing Products
  7. Analyst Views
  8. Future Outlook of the Market