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Roofing plays a vital role in providing protection and shelter for buildings against the elements, making it an essential component of any structure, be it residential, commercial, or industrial. As the demand for durable, energy-efficient, and environmentally conscious roofing solutions continues to rise, understanding the latest roofing industry statistics becomes paramount for stakeholders seeking to make informed decisions and thrive in this ever-evolving landscape.
In this overview, we will explore key aspects of the roofing industry, including market size, material costs, workforce distribution, sustainability trends, and safety statistics. By delving into these critical factors, we gain valuable insights into the current state of the industry, its growth trajectory, and the challenges it faces.
Whether you're a roofing professional, business owner, or someone with an interest in this dynamic field, this compilation of roofing statistics will empower you with knowledge to navigate the industry landscape and make strategic choices for a prosperous future.
Roofing industry statistics 2023: Key takeaways
The global roofing industry experienced significant growth, reaching $102 billion in 2020.
As of 2022, the United States has approximately 109,331 roofing contractor businesses, showing a notable 1.8% increase from the previous year.
During the first quarter of 2023, the roofing industry faced a challenge with a 70% increase in material costs.
The roofing industry comprises a diverse workforce, with roofers accounting for 55%, followed by roofing helpers/assistants (3.9%), sheet metal workers (3.7%), and carpenters (1.4%).
The roofing industry is projected to continue growing, with its market size estimated to reach $156.0 billion by 2030, reflecting a strong CAGR of 4.3% from 2021 to 2030.
Roofing contractors industry workforce grows at 0.6% annual rate (2018-2023).
The largest product segment in the roofing industry is BUR (Built-Up Roofs), valued at $700 million.
Roofing company profit margins typically range between 20% and 40%.
In 2022, commercial roofing experienced a significant 71% increase in solar installations, driven by growing emphasis on sustainability, advancements in solar technology, and government incentives.
Metal roofs offer up to 40% energy cost savings annually, thanks to their superior reflectivity and thermal resistance.
Nearly 100% recyclable and with 25% recycled material, metal roofs exemplify eco-friendly options, promoting a circular economy and responsible resource management.
Green roofs reduce roof surface temperatures by up to 68 degrees Fahrenheit in the summer.
630,000 tons of recycled asphalt shingles used in roofing materials.
The 2022 report on the roofing industry revealed a concerning work injury rate of 59 deaths per 100,000 full-time equivalent workers in 2021, highlighting the need for enhanced safety measures.
In 2021, roofing contractors sustained a total of 6,900 injury cases, marking a notable rise of nearly 17% from the previous year.
Falls from roofs account for a staggering one-third of all fall-related fatalities within the construction industry, emphasizing the critical importance of comprehensive fall protection strategies and thorough safety training for workers engaged in roofing tasks.
In 2020, over 350 U.S. construction workers died from fatal falls.
Electrocutions account for approximately 11% of roofing-related deaths.
Cost of work-related injuries in the construction industry is around $170 billion per year.
Asphalt shingles have a lifespan of 15 to 30 years, while metal roofs can last up to 70 years or more.
Average roof repair cost in the United States is $985, where most homeowners spend between $376 and $1,649.
The average cost of replacing an asphalt roof is $10,053.
Metal roof replacement costs an average of $17,762 in 2023.
In the US, approximately 7% of the 75 million single-family homes undergo re-roofing each year, resulting in over 5 million new roofs installed annually.
23 roofing industry trends & statistics you need to know in 2023
Acquainting yourself with these important statistics is crucial for gaining valuable insights into the roofing industry's current landscape and roofing industry trends. By being aware of these key data points, roofing professionals, business owners, and stakeholders can make informed decisions and develop effective strategies to navigate the ever-evolving market.
General Roofing Industry Statistics
The general roofing industry encompasses a wide range of activities related to the installation, maintenance, and repair of roofs for residential, commercial, and industrial structures. As an integral part of the construction sector, it plays a crucial role in providing shelter and protection for buildings against weather elements, such as rain, snow, wind, and sunlight.
The industry encompasses various roofing materials, including asphalt shingles, metal, tiles, and flat roofs, each with its own advantages and applications. Roofing professionals, such as roofers, contractors, and consultants, work together to ensure the safety, durability, and energy efficiency of roofs.
Roofing Market Size
In 2020, the roofing industry experienced significant growth on a global scale, with the market size reaching an impressive $102 billion (Allied Market Research). This substantial figure reflects the total value of roofing products, services, and related technologies traded worldwide during that year.
The expansion was primarily fueled by increased construction activities, both in residential and commercial sectors, as well as a growing emphasis on sustainable and eco-friendly roofing solutions.
The rise in construction and renovation projects, particularly in emerging economies, contributed to the surge in demand for roofing materials and services. Homeowners sought durable and aesthetically appealing roofing solutions to enhance the value and energy efficiency of their properties.
Additionally, the industry's adoption of technological advancements, such as augmented reality tools and smart roofing systems, streamlined installation processes and improved roof performance. The growing awareness of environmental concerns also played a significant role, leading to an increased preference for eco-friendly roofing options.
Government initiatives and incentives aimed at promoting energy-efficient construction further supported the industry's growth. Looking ahead, the roofing industry is expected to continue evolving and innovating as it responds to changing consumer preferences and the need for sustainable practices.
Roofing Contractor Businesses in the USA
As of 2022, the roofing industry in the United States boasts a vibrant landscape with approximately 109,331 roofing contractor businesses. This impressive figure represents a significant 1.8% increase from the previous year, highlighting the industry's resilience and expansion despite various challenges (Attics and more).
Effective marketing for roofing contractors is essential to reach potential clients, showcase their services, and build a strong brand presence in the industry.
Labor and Material Cost Changes
During the first quarter of 2023, the roofing industry faced a notable challenge as 70% of firms reported an increase in material costs. This represented a significant uptick from the previous quarter's figure of 64% (nfrc). The rise in material costs posed a considerable concern for roofing companies, impacting their profitability and pricing strategies.
The sharp increase in material costs can be attributed to various factors, including fluctuations in raw material prices, supply chain disruptions, and global economic conditions. As the roofing industry grappled with higher expenses, businesses had to reassess their budgets and make adjustments to accommodate the rising costs. Many roofing contractors faced the challenge of striking a balance between maintaining competitive pricing for customers while still ensuring their profitability.
Roofing Workforce Distribution
The roofing workforce exhibited a diverse distribution across different roles. In the industry, roofers accounted for the largest proportion, comprising 55% of the total workforce (CSCE). Roofers are the skilled professionals responsible for installing and repairing various roofing materials.
Following roofers, roofing helpers/assistants constituted 3.9% of the workforce (CSCE). These individuals provide essential support to roofers, assisting in tasks such as material handling, equipment setup, and cleanup.
Sheet metal workers accounted for 3.7% of the roofing industry's workforce (CSCE). These skilled craftsmen specialize in fabricating and installing metal roofing components, such as flashings and gutters, to ensure proper water drainage and durability.
Carpenters represented 1.4% of the roofing workforce (CSCE). While not specific to roofing, carpenters play a crucial role in constructing roof structures and frameworks that form the foundation for roofing installations.
This distribution highlights the collaborative efforts of various professionals involved in the roofing industry, each contributing their expertise to ensure the successful completion of roofing projects. The diverse skill sets and roles within the roofing workforce demonstrate the complexity and specialization required to meet the demands of modern roofing installations and repairs.
Projected Growth Rate
The roofing industry is poised for substantial growth in the coming decade, as US roofing industry statistics indicate its market size will reach an impressive $156.0 billion by 2030, with a strong CAGR of 4.3% from 2021 to 2030 (Allied Market Research). This optimistic forecast reflects the industry's resilience and potential for expansion, driven by various factors.
Roofing companies that embrace innovation, focus on sustainability, and adapt to changing market dynamics are well-positioned to thrive in this flourishing industry and capitalize on the abundant opportunities that lie ahead.
The Growing Employment Landscape
Over the period from 2018 to 2023, the roofing contractors industry has experienced a steady growth in its workforce, with the number of employees expanding at an average annual rate of 0.6% (ibis). This indicates a positive trend in the industry's employment landscape, reflecting its resilience and ability to adapt to changing market conditions and demands. The rise in the number of employees signifies an increased demand for roofing services, driven by factors such as population growth, urbanization, and an upswing in construction activities.
The growth in the roofing workforce also aligns with the broader economic trends, as a flourishing construction sector creates opportunities for skilled professionals in roofing-related roles.
Furthermore, the consistent growth signifies a positive roofing industry outlook for the sector in the coming years. As construction and renovation projects continue to surge, the demand for roofing services is likely to remain robust, ensuring a stable and thriving job market for roofing professionals. As the industry embraces advancements in materials, techniques, and technology, it further enhances its competitive edge and strengthens the foundation for continued growth and development in the future.
Dominating the Roofing Industry
The roofing industry landscape is dominated by the Built-Up Roofs (BUR) product segment, standing tall as the largest and most significant player in the market. With a staggering valuation of $700 million, BUR holds a commanding position, reflecting its widespread adoption and enduring popularity among builders, contractors, and property owners (bccresearch).
Built-Up Roofs, also known as multiple-ply roofs, have earned their prominence due to their exceptional durability, longevity, and weather-resistant properties. These robust roofing systems are composed of multiple layers of asphalt or coal tar felt, alternating with bitumen and topped with a protective surface of gravel or mineral granules. This construction methodology creates a formidable shield against harsh weather elements, making BURs an ideal choice for both commercial and residential applications.
Roofing Company Profitability
How much do roofing companies make per roof ? Roofing company profit margins typically range between 20% and 40% (hookagency). When working out what is average asphalt roof job profit, it may vary depending on factors such as the size and complexity of the project, the market conditions, and the efficiency of the roofing company's operations.
Key Takeaways for General Roofing Industry Statistics
The global roofing industry experienced significant growth, reaching $102 billion in 2020.
As of 2022, the United States has approximately 109,331 roofing contractor businesses, showing a notable 1.8% increase from the previous year.
During the first quarter of 2023, the roofing industry faced a challenge with a 70% increase in material costs, impacting profitability and pricing strategies.
The roofing industry comprises a diverse workforce, with roofers accounting for 55%, followed by roofing helpers/assistants (3.9%), sheet metal workers (3.7%), and carpenters (1.4%).
The roofing industry is projected to continue growing, with its market size estimated to reach $156.0 billion by 2030, reflecting a strong CAGR of 4.3% from 2021 to 2030.
Roofing contractors industry workforce grows at 0.6% annual rate (2018-2023).
The largest product segment in the roofing industry is BUR (Built-Up Roofs), valued at $700 million.
Roofing company profit margins typically range between 20% and 40%.
Roofing Sustainability and Energy Efficiency
Roofing sustainability and energy efficiency have become crucial considerations in the modern roofing industry. Professionals and homeowners prioritize eco-friendly solutions, using materials like metal, cool roofs, and green roofs to reduce waste and optimize energy consumption.
Technological advancements, such as smart roofing systems and solar integration, further drive the industry towards greener practices. As environmental consciousness grows, roofing sustainability and energy efficiency continue to shape the industry's future, fostering a more environmentally responsible approach to roofing.
Roofing consultant industry statistics reveal valuable insights into the trends and developments within the roofing consulting sector.
Surging Solar Sales
In 2022, the commercial roofing industry experienced a significant upswing in solar sales, with an impressive 71% increase in solar installations (roofing contractor). This surge in demand can be attributed to several influential factors driving the adoption of solar technologies in the commercial sector.
The growing emphasis on sustainability and environmental responsibility has prompted businesses and organizations to seek renewable energy solutions to power their operations. Solar energy, being a clean and economically viable option, has emerged as an attractive choice for commercial establishments looking to reduce their carbon footprint. Advancements in solar technology have further contributed to the rise in solar sales, as improved solar panel efficiency and reduced installation costs have made commercial solar projects more financially feasible for businesses.
Moreover, government incentives and tax benefits aimed at promoting renewable energy adoption have provided additional motivation for commercial building owners to invest in solar installations. As more corporations commit to sustainability goals, integrating solar energy into their roofs aligns with their environmentally conscious initiatives and enhances their public image. Furthermore, the long-term energy cost savings offered by solar installations provide an added incentive for businesses to reduce their reliance on traditional grid-based power.
Metal Roofing
Metal roofing shines as one of the most energy-efficient materials, where metal roofing industry statistics suggest that they have potential savings of up to 40% in energy costs annually (metal roofing). Its superior reflectivity and emissivity properties allow metal roofs to effectively deflect solar radiation, keeping indoor spaces cooler during hot seasons and reducing the need for air conditioning.
Additionally, metal roofing's inherent thermal resistance ensures better insulation during colder months, minimizing heat loss and optimizing energy efficiency year-round. These advantages make metal roofing a smart and sustainable investment, not only providing substantial cost savings for property owners but also contributing to environmental efforts by reducing greenhouse gas emissions associated with energy production.
By choosing metal roofing, individuals and businesses can embrace energy-efficient practices and demonstrate their commitment to a greener future.
Eco-Friendly Metal Roofs
Metal roofs stand out as highly eco-friendly options due to their nearly 100% recyclability and use of at least 25%recycled material during production (metal roofing). Their recyclability ensures that at the end of their long lifespan, metal roofs can be repurposed, minimizing waste and promoting a circular economy. Incorporating recycled content in their production also reduces the need for virgin materials, curbing energy consumption and greenhouse gas emissions during manufacturing.
With a lifespan of 50 to 70 years or more, metal roofs further reduce waste generation and environmental impact over time. Choosing metal roofing not only offers economic benefits but also demonstrates a commitment to sustainability and responsible resource management, making them a sound choice for environmentally conscious homeowners and businesses.
Green Roofing
Green roofs, featuring lush vegetation, emerge as remarkable champions of temperature regulation, showcasing their ability to lower roof surface temperatures significantly during scorching summers. Studies indicate that these eco-friendly rooftops can effectively reduce roof surface temperatures by up to a staggering 68 degrees Fahrenheit (sciencedirect).
This cooling effect stems from the ingenious combination of plant life and soil layers, which work in tandem to absorb solar radiation and evaporate water through transpiration. As a result, green roofs act as natural insulators, shielding buildings from excessive heat and mitigating the urban heat island effect prevalent in densely populated areas.
The cooling benefits of green roofs extend beyond merely lowering roof temperatures. By regulating the heat absorbed by buildings, green roofs aid in reducing the demand for air conditioning, thus alleviating energy consumption and associated greenhouse gas emissions. Consequently, property owners can enjoy substantial energy cost savings while contributing to environmental conservation efforts.
Additionally, the presence of vegetation enhances air quality, capturing pollutants and filtering out harmful substances, thus improving overall well-being and fostering healthier urban environments.
Incorporating Recycled Asphalt Shingles
The roofing industry has taken significant strides in promoting sustainability and eco-friendly practices, and one notable innovation contributing to this movement is the use of recycled asphalt shingles. As of the latest data, an impressive 630,000 tons of recycled asphalt shingles have been integrated into roofing materials, revolutionizing the way roofs are constructed and offering numerous benefits for both the environment and homeowners (asphalt pavement).
Recycling asphalt shingles from old roofs not only diverts waste from landfills but also reduces the demand for virgin materials, effectively conserving natural resources. By incorporating recycled shingles into roofing materials, manufacturers and contractors contribute to a circular economy, where materials are reused and repurposed, promoting a more sustainable and responsible approach to roofing. This green initiative not only minimizes the environmental impact but also helps lower the overall carbon footprint of the roofing industry.
Furthermore, incorporating recycled asphalt shingles in roofing materials enhances the performance and durability of roofs. These recycled materials retain their properties, providing excellent weather resistance, protection against UV rays, and improved insulation, making roofs more energy-efficient. Additionally, utilizing recycled asphalt shingles often results in cost savings, making sustainable roofing options more accessible to homeowners and businesses alike.
Key Takeaways for Roofing Sustainability and Energy Efficiency
In 2022, commercial roofing experienced a significant 71% increase in solar installations, driven by growing emphasis on sustainability, advancements in solar technology, and government incentives.
Metal roofs offer up to 40% energy cost savings annually, thanks to their superior reflectivity and thermal resistance.
Nearly 100% recyclable and with 25% recycled material, metal roofs exemplify eco-friendly options, promoting a circular economy and responsible resource management.
Green roofs reduce roof surface temperatures by up to 68 degrees Fahrenheit in the summer.
630,000 tons of recycled asphalt shingles used in roofing materials.
Roofing Accidents Statistics
Roofing accidents pose considerable challenges in the roofing industry, arising from hazards related to elevated work, material handling, and exposure to diverse weather conditions. Mitigating these risks requires the implementation of rigorous safety protocols, comprehensive training, the use of suitable personal protective equipment and a clear understanding of roofing accidents statistics .
Collaborative efforts among industry stakeholders are crucial to enhance accident prevention measures, ensuring the safety and well-being of roofing professionals and minimizing the occurrence of such incidents.
Annual Roofing-Related Fatalities
When observing how many roofers die a year, the 2022 report on the roofing industry revealed a concerning work injury rate of 59 deaths per 100,000 full-time equivalent workers in 2021 (bls.gov). This statistic underscores the significant risks faced by roofing professionals and the urgent need for enhanced safety measures.
Hazards related to working at heights, handling heavy materials, and exposure to various weather conditions contribute to accidents and injuries in the industry. To address this issue, it is important to observe how many roofing companies in the US prioritize safety training, provide appropriate personal protective equipment, and conduct regular safety inspections.
Non-Fatal Roofing Accidents
The data from the latest report reveals a concerning trend in roofing contractor injuries, with a significant increase in the number of cases reported. In 2021, roofing contractors sustained a total of 6,900 injury cases, marking a notable rise of nearly 17% from the previous year (roofing contractor). This surge in injuries highlights the need for heightened attention to safety protocols and measures within the roofing industry to protect the well-being of workers.
The report further indicates that in 2020, roofing industry workers endured approximately 5,900 nonfatal injuries. The year-on-year comparison demonstrates a substantial uptick in the incidence of nonfatal injuries, signaling potential areas of concern in workplace safety and accident prevention.
Common Accident Causes
The construction industry is no stranger to workplace hazards, and when it comes to fall-related fatalities, falls from roofs stand out as a significant concern. Shockingly, within the construction industry as a whole, falls from roofs account for a staggering one-third of all fall-related fatalities (alohaconstructioninc). This alarming statistic highlights the critical importance of addressing roof safety comprehensively and implementing effective measures to safeguard workers at height.
Roof-related falls present a unique set of risks due to the elevation involved and the potential for severe injuries or fatalities. Workers engaged in roofing tasks often find themselves exposed to various hazards, such as unstable footing, slippery surfaces, and unprotected edges. Factors like weather conditions and the presence of debris can exacerbate the dangers, making falls from roofs a major safety challenge in the construction sector.
To mitigate this grave issue, employers and contractors must prioritize comprehensive fall protection strategies. The utilization of appropriate safety equipment, such as harnesses, guardrails, and safety nets, is crucial in preventing falls and minimizing the severity of injuries if an accident were to occur.
Furthermore, thorough training on safety procedures, hazard identification, and emergency response protocols is essential for all workers engaged in roofing tasks.
Fall-Related Deaths
In 2020, the U.S. construction industry faced a sobering reality as more than 350 workers tragically lost their lives due to fatal falls (cdc.gov). This distressing statistic highlights the urgent need for enhanced safety measures and increased awareness to protect the well-being of construction workers across the nation.
Fatal falls continue to be a significant concern in the construction sector, posing a severe risk to workers engaged in various tasks at heights. Whether it be from rooftops, ladders, scaffolding, or elevated platforms, construction sites present numerous potential hazards that demand stringent safety protocols and diligent adherence to guidelines.
Roofing Electrocutions
Electrocutions constitute a significant and concerning aspect of roofing-related fatalities, accounting for approximately 11% of all such deaths (eLCOSH). This alarming statistic highlights the inherent dangers and risks that roofing professionals face when working in close proximity to electrical sources or power lines. Electrocutions can occur when roofers accidentally come into contact with live electrical wires or equipment, leading to severe injuries or fatal consequences.
To mitigate the risk of electrocutions and enhance safety on roofing sites, strict adherence to electrical safety protocols is paramount. Roofing companies and workers must receive comprehensive training on identifying and avoiding electrical hazards, using appropriate personal protective equipment (PPE), and following proper lockout/tagout procedures when working with electrical systems.
Cost of Work-Related Injuries
The cost of work-related injuries in the construction industry represents a substantial financial burden for businesses, amounting to a staggering $170 billion per year (attics and more). This significant figure encompasses various expenses, including medical treatment, rehabilitation, lost wages, disability benefits, and legal fees. Work-related injuries in construction can range from minor incidents to severe accidents, leading to disabilities, fatalities, or long-term health issues for workers.
Key Takeaways for Roofing Accidents Statistics
Work injury rate of 59 deaths per 100,000 full-time equivalent workers in 2021.
6,900 injury cases in 2021, up nearly 17% from the previous year's reported cases of 5,900 nonfatal injuries in 2020.
Falls from roofs account for one-third of all fall-related fatalities in the construction industry.
In 2020, over 350 U.S. construction workers died from fatal falls.
Electrocutions account for approximately 11% of roofing-related deaths.
Cost of work-related injuries in the construction industry is around $170 billion per year.
Roofing Life-Span and Maintenance Statistics
Regular roof maintenance is essential to ensure the safety and integrity of homes and buildings. This includes conducting regular roof inspections, even when no issues are apparent, to identify potential problems early on. By addressing minor damages promptly, property owners can avoid costly repairs and premature roof replacement.
Roofing Repair Costs
In the United States, the cost of roof repair is a crucial consideration for homeowners seeking to maintain the integrity and longevity of their roofs. On average, roof repairs come with a price tag of approximately $985 (homeadvisor). However, the actual expenses can vary significantly based on several factors, leading most homeowners to spend between $376 and $1,649 for their repair projects.
Several key factors contribute to the variability in roof repair costs. The extent and nature of the damage play a significant role, as minor repairs, such as fixing a few shingles or addressing a small leak, tend to be more budget-friendly. Conversely, extensive damage, such as significant leaks, damaged decking, or structural issues, will likely incur higher expenses.
Roofing Material Durability
When considering roofing options, the durability and lifespan of the materials are critical factors to take into account. Residential asphalt shingles, a popular choice for many homeowners, typically offer a reasonable lifespan of about 15 to 30 years (roofcalc). However, this duration can vary depending on factors such as climate, installation quality, and maintenance practices. While asphalt shingles are a cost-effective choice, their shorter lifespan means that homeowners may need to plan for replacement or repairs within a couple of decades.
On the other hand, metal roofing stands out as a long-lasting and durable option, with an impressive lifespan that can extend up to 70 years or more. Metal roofs are built to withstand the harshest weather conditions, including heavy rains, snow, hail, and high winds. The exceptional longevity of metal roofing makes it an attractive investment, particularly for those seeking a low-maintenance and reliable roofing solution.
The significant difference in lifespan between asphalt shingles and metal roofing underscores the value of choosing a durable and long-lasting material for a home's roof. While asphalt shingles may be initially more affordable, the extended lifespan and minimal maintenance requirements of metal roofing make it a cost-effective choice in the long run.
Average Cost of Asphalt Roof Replacement
A recent study conducted in 2023 revealed that the average cost of replacing an asphalt roof is estimated to be $10,053 (todayshomeowner). This cost includes all the necessary expenses involved in the roof replacement process, such as materials, labor, and any additional fees or permits required for the project. The figure may vary based on several factors, including the size and complexity of the roof, the quality and type of asphalt shingles chosen, and the region's prevailing labor rates and market conditions.
One of the primary cost considerations in asphalt roof replacement is the type of shingles selected. Homeowners can choose from various options, ranging from basic three-tab asphalt shingles to more premium architectural or designer shingles. Each type of shingle comes with its own price point, affecting the overall cost of the project.
Additionally, factors like the removal and disposal of the old roofing material, underlayment installation, and any necessary repairs to the roof deck can influence the final cost.
Metal Roof Replacement Costs
In 2023, the average cost of a metal roof replacement was approximately $17,762 (todayshomeowner). While the initial expense may be higher compared to other roofing materials, the long-term benefits of metal roofs make them a compelling and sustainable investment.
For homeowners considering a metal roof replacement, seeking advice from reputable roofing contractors is essential to obtain accurate quotes tailored to their specific needs and property requirements. Understanding the substantial advantages and potential cost savings associated with metal roofing enables homeowners to make well-informed decisions, ensuring they secure a durable, low-maintenance, and energy-efficient roofing solution that enhances the longevity and value of their homes for decades ahead.
Frequency of Replacement
In the United States, the vast residential landscape comprises approximately 75 million single-family homes. On average, about 7% of these homes undergo re-roofing each year, necessitating a substantial number of roof replacements each year. When observing how many roofs are replaced each year, this equates to over 5 million, reflecting the significant demand for roofing services (roofingcontractor).
As a result, the roofing industry has emerged as a thriving sector, with numerous players vying for prominence, including some of the largest roofing contractors in the US and largest roofing companies in the US. Amidst this competition, companies must effectively manage overhead costs, maintain skilled labor, and accurately estimate project costs to remain profitable.
Key Takeaways for Roofing Life-Span and Maintenance Statistics
Asphalt shingles have a lifespan of 15 to 30 years, while metal roofs can last up to 70 years or more.
Average roof repair cost in the United States is $985, where most homeowners spend between $376 and $1,649.
The average cost of replacing an asphalt roof is $10,053.
Metal roof replacement costs an average of $17,762 in 2023.
In the US, approximately 7% of the 75 million single-family homes undergo re-roofing each year, resulting in over 5 million new roofs installed annually.
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