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    Roofing, Siding & Sheet Metal Contractors Industry Profile

    Report Page Length: 10-12
    Last Quarterly Update: 3/15/2021
    SIC Codes: 1761
    NAICS Codes: 23816, 23817
    Chapters Include:
    Industry Overview Trends & Challenges Industry Forecast
    Quarterly Industry Update Call Prep Questions Website & Media Links
    Business Challenges Financial Information Glossary & Acronyms
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    Excerpt from Roofing, Siding & Sheet Metal Contractors Industry Profile

    Companies in this industry install and repair roofing, siding, and gutters for homes and businesses. Major companies include Baker Roofing, CentiMark, Nations Roof, PetersenDean, and Tecta America (all based in the US), and Flynn Canada (Toronto, Canada).

    Global demand for roofing, siding, and sheet metal contractors is driven by construction activity in specific countries and regions. Global construction output is forecast to reach $24 trillion in 2021, up from $17 trillion in 2017, according to prnewsswire.

    The US roofing and siding industry includes about 27,000 establishments (single-location companies and units of multi-location companies) with combined annual revenue of about $47 billion.

    COMPETITIVE LANDSCAPE

    Demand for roofing services is closely tied to maintenance needs and new construction. Demand for replacement and repair is closely tied to storm activity. Profitability depends on efficient operations and management of raw materials and labor expenses. Large companies have advantages in being able to manage multiple projects simultaneously and to serve customers with multiple locations. Smaller firms can compete by specializing in a specific service such as reroofing or building type.

    Commercial and residential roofing differ significantly, and most companies specialize in one or the other. Some companies offer both commercial and residential services. Because roofs need regular maintenance, roofing provides relatively steady work compared to contracting that depends chiefly on new construction.

    PRODUCTS, OPERATIONS & TECHNOLOGY

    Commercial roofing jobs which includes reroofing, repair, and maintenance, account for the majority of industry revenue. ...

     
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