Roofing Statistics Us

That is a difference of about twice as much.

Roofing statistics us.

Commercial roofing contractors that can find train and retain workers should continue to flourish as the u s. United states roofing company is the primary source for all your roofing needs. Banks consultants sales marketing teams accountants and students all find value in ibisworld. We have unparalleled experience installing maintaining inspecting and repairing every type of roofing and waterproofing system.

Demand for commercial roofing is expected to grow 1 6 percent per year over the next several years which experts say could be valued as high as 8 billion. Not to mention federal studies suggest that the deaths of roofers have reached a 5 year all time high in the u s. Roofing market outlook 2027 the global roofing market size was valued at 92 942 3 million in 2019 and is projected to reach 132 775 6 million by 2027 registering a cagr of 4 6 from 2020 to 2027. There are currently over 50 000 establishments engaged in the installation roofing siding and sheet metal work valued at a total of 31 4 billion.

Studies show there are 29 9 roofing deaths per 100 000 full time workers compared to 15 2 deaths per 100 000 full time workers for all construction. The median wage is the wage at which half the workers in an occupation earned more than that amount and half earned less. From small local roof projects to some of the largest roofing. That s 13 growth which is classified as being faster than average.

By sarah schmidt on october 1 2018. Roofing offers protection from heat rain and other atmospheric conditions. Us demand for residential roofing products is forecast to advance 4 0 percent per year to 147 million squares in 2020 valued at 10 4 billion. Through 2024 the bls estimates that there will be 15 800 open positions within the us roofing industry paying an average of 17 65 per hour.

Boosted by an increase in single family housing starts and the rising need for storm resistant products the demand for roofing in the u s. In 2020 the federal government spent a total of 322 461 076 on roofing contractors. Is expected to grow at a compound annual growth rate cagr of 4 9 to reach 19 9 billion in 2021 according to a new white paper by the freedonia group a leading international business research company. Bureau of labor statistics occupational employment statistics the median annual wage for roofers was 42 100 in may 2019.

Find industry analysis statistics trends data and forecasts on roofing contractors in the us from ibisworld. It has awarded 565 contracts to 340 companies with an average value of 948 415 per company. Get up to speed on any industry with comprehensive intelligence that is easy to read.