Roofing Contractors in Canada Industry Market Research Report Now Available from IBISWorld

Violent storms have helped boost demand for roof contractor services, and sustained growth in most downstream building markets will boost demand for the industry's services in the coming years. For these reasons, industry research firm IBISWorld has added a report on the Roofing Contractors industry to its growing industry report collection.

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Sustained growth in most building markets will boost demand for industry services

Los Angeles, CA (PRWEB) February 20, 2013

Recent environmental concerns have helped shed light on the importance of utilizing green and sustainable materials in roof construction projects. As such, many provinces have tightened building codes to promote the use of sustainable materials, thereby driving growth for the Roofing Contractors industry, says IBISWorld industry analyst Deonta Smith. Tax subsidies and operating cost savings have also supported this trend; for example, many roofing contractors have implemented cost-reduction strategies that include prefabrication, mechanization and task elimination through less labour-intensive systems. Additionally, the promotion of LEED-certified buildings has benefited the industry. LEED buildings are evaluated on the materials used during construction, with an emphasis on sustainable products. Over the past five years, the suppressed levels of housing starts and residential renovation expenditures hindered demand from the residential construction market. The recession negatively impacted these segments, leading to a significant reduction in home construction expenditures. Additionally, many reroofing projects were suspended or postponed during this period.
In 2013, roofing repairs on existing structures account for the majority of the industry's revenue. Over the past five years, violent storms helped boost demand for roof contractor services. As a result, industry revenue has risen at an annualized rate of 3.1% to $7.4 billion over the five years to 2013, including a 1.2% jump in 2013 alone. Concentration in the Roofing Contractors industry is low. There are numerous operators in the industry. Most contractors operate locally and provide services to a small segment of the population. Nonetheless, market share has increased over the past five years because a number of companies exited the industry during the recession. Larger companies are looking to expand their footprint in nearby areas, where they can add value and turn once-struggling operations into profitable ventures, says Smith.
Sustained growth in most downstream building markets will boost demand for the industry's services, resulting in increasing revenue. Demand for roof construction is also set to get a boost from increased residential renovation expenditure. Over the next five years, industry employment is forecast to remain relatively constant as roofing contractors increase their use of construction materials that increase efficiency and require less labour. For more information, visit IBISWorld’s Roofing Contractors in Canada industry report page.

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IBISWorld industry Report Key Topics

This industry installs roofing, siding, sheet metal and roof drainage systems, such as downspouts and gutters. Activities also include treating roofs (e.g. spraying, painting or coating), coppersmithing, tinsmithing, installing skylights, installing metal ceilings, flashing, ductwork and capping. Work performed includes new work, additions, alterations, maintenance and repairs.

Industry Performance
Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle
Products & Markets
Supply Chain
Products & Services
Major Markets
Globalization & Trade
Business Locations
Competitive Landscape
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Barriers to Entry
Major Companies
Operating Conditions
Capital Intensity
Key Statistics
Industry Data
Annual Change
Key Ratios

About IBISWorld Inc.
Recognized as the nation’s most trusted independent source of industry and market research, IBISWorld offers a comprehensive database of unique information and analysis on every US and Canadian industry. With an extensive online portfolio, valued for its depth and scope, the company equips clients with the insight necessary to make better business decisions. Headquartered in Los Angeles, IBISWorld serves a range of business, professional service and government organizations through more than 10 locations worldwide. For more information, visit http://www.ibisworld.ca or call 1-800-330-3772.


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