Roofing Statistics 2023
– Everything You Need to Know

Last Updated on by | Reviewed by Editorial Stuff

Roofing Statistics 2023: Facts about Roofing are important because they give you more context about what’s going on in the World in terms of Roofing.

LLCBuddy editorial team scanned the web and collected all important Roofing Statistics on this page. We proofread the data to make these as accurate as possible. We believe you don’t need to check any other resource on the web for Roofing Facts; All are here only 🙂

Are you planning to form an LLC? Thus you need to know more about Roofing? Maybe for study projects or business research or personal curiosity only, whatever it is – it’s always a good idea to know more about the most important Roofing Statistics of 2023.

How much of an impact will Roofing Statistics have on your day-to-day? or the day-to-day of your LLC Business? How much does it matter directly or indirectly? You should get answers to all your Roofing related questions here.

Please read the page carefully and don’t miss any words.

On this page, you’ll learn about the following:

Top Roofing Statistics 2023

☰ Use “CTRL+F” to quickly find statistics. There are total 49 Roofing Statistics on this page 🙂

Roofing “Latest” Statistics

  • Metal roofing currently accounts for 14% of the residential market, according to Metal Construction News.[1]
  • According to a report from Grandview Research, the demand for green roofing is projected to grow 17% every year from 2020 to 2027.[1]
  • 49% of residential roofers are worried with increases in building material costs, according to Acculynx.[2]
  • The National Roofing Contractor’s Association reports that the construction sector has generated 237,000 net employment last May 2020.[1]
  • The majority of contractors, 73%, said that finding skilled workers via recommendations from their own staff members was the most effective strategy.[1]
  • A significant percentage of roofers are dealing with other types of delays, such as delays with inspections (56%), and local governments refusing to issue fresh permits (36%).[1]
  • According to a research by Roofing Contractors, 22% of roofers said they use drones in their regular job.[1]
  • Only 3% of respondents claimed to have reduced their labor costs in 2018 compared to prior years.[1]
  • Commercial roofers, of whom 72% concurred, faced difficulty with somewhat more urgency than residential roofers, of whom 62% concurred.[1]
  • The NRCA discovered that the COVID-19 epidemic and quarantine had an effect on 52% of roofing contractors.[1]
  • Water infiltration is the cause of 40% of all building related issues and more than 70% of construction disputes involves some kind of water intrusion.[3]
  • According to Kingdom Roofing, 57% of commercial roofing contractors believe that national training and certification programs will help benefit the industry.[4]
  • 78% of roofing experts predict that commercial roofing sales will continue to expand until 2021.[4]
  • To perform the bulk of their tasks, around 70% used full time staff, whereas 20% often used subcontractors.[4]
  • Over the last two years, labor expenses have increased by 10% for almost 80% of roofing specialists.[4]
  • According to the 2019 US Bureau of Labor Statistics, there were 197,390 roofing contractors employed.[4]
  • Distribution of the Roofing Workforce – 55% Roofers, 4.9% Helpers, 3.9% Construction Laborers, 3.7% Sheet Metal Workers, and 1.4% Carpenters.[4]
  • 57% of roofing specialists employ estimation software, while 43% use aerial measurement.[4]
  • Polymer/synthetics, slate, concrete tile, and wood shakes are all between 14-19% of those expecting future growth.[4]
  • According to BCC Research, roof replacements dominate the market in North America and is over 90% of the market in both volume (94%) and value (91%) as existing buildings continue to age and the need to replace roofs continues to grow.[4]
  • Over 40% of total sales income each year comes from single ply roofing, while 25% comes from metal and coatings combined.[4]
  • Over 65% of the category value and 70% of the volume in the roofing sector are made up by the six major product categories.[4]
  • The roofing sector is predicted to expand by more than 4% annually and reach 19.9 billion by 2021.[4]
  • US Bureau of Labor Statistics predicted that the employment rate in the roofing industry would grow by 11% by 2026.[4]
  • According to a report released by United States Bureau of Labor Statistics (BLS) in December of 2020, the number of roofing deaths recorded in 2019 increased by 15% from 2018.[5]
  • The number of deaths in the private construction sector increased by 5% from 2017 to 2018, making it the highest amount since 2007.[5]
  • According to indicators, demand for roofing will grow at a rate of 4% annually, bringing its net value to above $10 billion.[6]
  • More than 50% of survey respondents who worked in the roofing industry predicted a rise in roofing related jobs and consumer expenditure.[6]
  • In 2021, the U.S roofing contractors’ industry growth rate was 3.8%.[6]
  • Between 2022 and 2027, these roofing industry figures are projected to increase by roughly 3.50%.[6]
  • A significant 65% of roofers claimed to have seen increases in both sales and income.[7]
  • Roofing insights would like a closer 50-50 balance, but 57% of roofing contractors agree that national certification schemes are good for the sector.[7]
  • 65% of roofers are at least considering investing in augmented and virtual reality, despite the fact that it may not appear like roofing firms need to be inventive since their services are often uncomplicated, according to Kingdom Roofing.[7]
  • About 60% of roofers employ estimating software, and another 43% use an aerial measuring instrument.[7]
  • In North American roofing projects, roofing replacements account for 94% of the overall volume and 91% of the value.[7]
  • The median pay of roofers is the wage estimate at the 50th percentile, meaning that 50% of employees earn less than the median and 50% of workers earn more than the median.[8]
  • According to the U.S Bureau of Labor and Statistics, the employment rate for roofers is estimated to have at least 129,890.[8]
  • There are 108,069 roofing contractors businesses in the US as of 2021, an increase of 1.6% from 2020.[9]
  • The market size, measured by revenue, of the Roofing Contractors industry is $56.7 Billion in 2022.[10]
  • According to Verisk’s 2021 report, The Hail Hazard and Its Impact on Property Insurance, 6.2 million properties in the United States experienced one or more damaging hail events in 2020, about a million fewer than in 2019, reflecting the frequency fluctuations noted over the past 10 years.[11]
  • Some real estate gurus believe that a new roof might recover 85% of its cost when a property is sold, according to newlookroofs.com.[12]
  • Fall related accidents accounted for over 40% of all deaths in the construction sector in 2014.[13]
  • Over the next ten years, employment in the roofing industry is anticipated to expand by 5% less than the average for all industries, according to the U.S. Bureau of Labor Statistics.[14]
  • The rise of 15% in residential investment in 2012 is another positive for the roofing sector.[15]
  • Consumer spending will increase by less than 2%, according to the U.S. Bureau of Economic Analysis, not even offsetting the 2% CPI increase anticipated in 2014.[15]
  • Studies on audience segmentation and MRA research show that 47% of all households are prepared to choose metal roofing.[15]
  • New home construction is expected to represent a mere 12% of the roofing segment, leaving 88% to re-roofing.[15]
  • 69% of homeowners are willing to spend extra for an item that saves energy, so contractors who can show this skill may gain an advantage.[15]
  • Commercial and residential building owners spend around $12 Billion on roofing repairs & replacements every year.[15]

Also Read

Reference

  1. frontofficesolutions – https://frontofficesolutions.net/roofing-industry-statistics-where-is-the-industry-going/
  2. acculynx – https://acculynx.com/roofing-statistics/
  3. garlandco – https://gartalk.garlandco.com/2018/05/15/5-roofing-statistics-thatll-make-you-cringe/
  4. hookagency – https://hookagency.com/blog/roofing-statistics/
  5. iibec – https://iibec.org/roofing-fatalities-up-15-in-2019/
  6. morrisseyconstructionllc – https://morrisseyconstructionllc.com/2022/03/08/all-of-the-roofing-statistics-you-need-to-know/
  7. roofinginsights – https://roofinginsights.com/roofing-industry-statistics/
  8. bls – https://www.bls.gov/oes/current/oes472181.htm
  9. getonedesk – https://www.getonedesk.com/roofing-statistics
  10. ibisworld – https://www.ibisworld.com/industry-statistics/market-size/roofing-contractors-united-states/
  11. iii – https://www.iii.org/fact-statistic/facts-statistics-hail
  12. newlookroofs – https://www.newlookroofs.com/new-look-roof-blog/four-roofing-statistics-that-are-worth-remembering
  13. phpsd – https://www.phpsd.com/blog/8-shocking-roof-safety-statistics-you-won-t-believe
  14. roofersguild – https://www.roofersguild.com/roofing-statistics/
  15. roofingcontractor – https://www.roofingcontractor.com/articles/89280-state-of-the-industry-report

Leave a Comment