Asphalt Shingles Market Will Record an Upsurge in Revenue during 2021-2026

A report on the Asphalt Shingles Market has been recently published by Stratview Research. This Market research report provides in-depth information on trends, dynamics, revenue opportunities, competitive landscape, and recent developments in the global Asphalt Shingles Market. The historic years considered for the study are 2015-2020, the base year is 2021, and the forecast period is 2021-2026.

The study includes an in-depth analysis of type, application, and regional segments. It also includes a Market channel, distribution, and customer analysis, industry cost analysis, Market analysis by application, production, revenue, and price trend analysis by type, production and consumption analysis by region, and various other Market studies.

Market Analysis
Asphalt Shingles market is likely to witness a CAGR of 4.0% during the forecast period.

The Market is segmented by Product Type (Dimensional Shingles, High-Performance Laminated Shingles, and Three-Tab Shingles), by Application Type (Residential {New Residential and Residential Re-Roofing} and Commercial [by Type {New Commercial and Commercial Re-Roofing} by Building Type {Office, Retail & Lodging, Industrial, and Institutional}]), and by Region (North America, Europe, Asia-Pacific, and Rest of the World).

This report also focuses on the short- and long-term implications of the novel Coronavirus pandemic on Asphalt Shingles Market at the global, and regional dimensions. To evaluate the percentage of loss or profit to the industry, the report also compares pre-COVID and post-COVID scenarios.

Report Features
The report delivers a detailed view of the industry based on global Asphalt Shingles Market size, Market growth, and opportunities. The report also analyses Market key aspects such as-
- Market structure: Overview, industry life cycle analysis, supply chain analysis
- Covid-19 Impact analysis.
- Market environment analysis: Growth drivers and constraints, and SWOT analysis.
- Market trend and forecast analysis.
- Market segment trend and forecast.
- Competitive landscape and dynamics: Market share, product launches, etc.
- Attractive Market segments and associated growth opportunities.
- Emerging trends.
- Strategic growth opportunities for the existing and new players.

The research provides in-depth analysis of the important elements that drive Market growth, including growth potential, opportunities, current Market trends, industry-specific obstacles, and dangers.

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Key Segments Asphalt Shingles Market Report Covers:
Based on the product type, the market is segmented as dimensional shingles, high-performance laminated shingles, and three-tab shingles. Dimensional shingles type dominated the market in 2019, and is expected to maintain its position during the forecast period. Increasing construction activities across the globe is the prime factor driving the growth of dimensional shingles.

Based on the application type, the asphalt shingles market is segmented as residential and commercial. The residential segment is expected to remain the larger application of the market owing to rapid urbanization, increasing disposable income of consumers, and significant economic growth in the Asia-Pacific region.

Regional Analysis
In terms of regions, North America is estimated to be the largest market for asphalt shingles during the forecast period. The USA and Canada are the largest consumers of asphalt shingles in the region. Significant investment towards re-roofing and higher penetration rate is the major factor driving the growth of the market in the region. Asia-Pacific is expected to witness the highest growth owing to huge consumer base and significant economic development in the region. Europe, The Middle East & Africa, and Latin America are also expected to witness a healthy demand for asphalt shingles during the forecast period.

According to the report, brands or companies that are leading globally in this Market are –
CertainTeed Corporation, Owens Corning, TAMKO Building Products Inc., IKO Industries Ltd., Atlas Roofing Corporation, Tarco, GAF Materials Corporation, Malarkey Roofing Products, PABCO Roofing Products, Siplast Inc., Henry Company LLC, Polyglass U.S.A., Building Products of Canada Corp., NBP International Inc., and Shibam Ventures.

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This release was published on openPR.