Roofing, Siding and Insulation Wholesaling in Canada Industry Market Research Report from IBISWorld Has Been Updated
New York, NY (PRWEB) February 05, 2015 -- The Roofing, Siding and Insulation Wholesaling industry distributes roofing, siding and insulation products that are used to construct and renovate structures. While fluctuating demand from downstream construction markets following the recession forced industry revenue to contract over 2011, economic recovery and government incentives have boosted construction activity and increased demand for industry products in subsequent years. Overall, industry revenue is expected to increase in the five years to 2015.
According to IBISWorld Industry Analyst, Britanny Carter, “during the recession, the federal government established Canada's Economic Action Plan to stimulate construction, encourage home ownership and increase investments in energy efficiency.” As a result, there has been considerable growth in residential and nonresidential construction. Furthermore, recent eco-friendly tax incentives in provinces such as Quebec have increased demand for industry products, such as insulation, that reduce heating and cooling costs. Additionally, residential renovation expenditures are expected to increase in 2015, boosting industry revenue during the year. Nonetheless, housing starts have decreased slightly over the past five years and a drop during 2015 will subdue growth.
Volatile demand conditions amid a saturated market challenged industry players, leading many participants to consolidate operations, accept acquisition or exit the industry amid the recession. “However, improving demand conditions in the five years to 2015 are expected to increase the number of industry operators per year,” says Carter. While new companies are entering the industry due to low barriers to entry and growing demand from construction, acquisition activity has continued through 2015 and moderated growth.
As the economy continues to recover, higher residential and private investment will increase demand for new construction and existing structure renovations that use industry products. In the five years to 2020, residential construction will increase. Furthermore, the growing trend of green living is expected to boost demand for price-premium sustainable roofing, siding and insulation materials, improving profit margins. Overall, revenue is forecast to grow during the period.
For more information, visit IBISWorld’s Roofing, Siding and Insulation Wholesaling in Canada industry report page.
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IBISWorld industry Report Key Topics
The Roofing, Siding and Insulation Wholesaling industry wholesales nonwood roofing, siding and insulation materials. These products are typically sold directly to building contractors, large hardware chains and independent hardware stores.
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.com or call 1-800-330-3772.
Gavin Smith, IBISWorld Inc., http://www.ibisworld.com, +1 (310) 866-5042, [email protected]
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