25May
Roofing Statistics
By staying informed about the roofing industry’s trends and statistics, roofers can better understand the market and anticipate customer needs to adapt their service to be even more exceptional and meet current industry standards. Keeping up to date with the latest reports and developments in the roofing industry can provide valuable insights and is key to remaining successful within this competitive space.
Roofing Industry Research
- By 2030, the global roofing market is projected to reach $156 billion based on a 4.3% annual increase, according to this 2021 industry forecast.
- The UK market size for 2024 to 2029 is estimated to reach an estimated £6.1bn in 2023.
- During the first quarter of 2023, roofing contractors’ workload grew by 43% on the previous quarter, which reported a 21% decline.
- Further, 4% of firms increased their direct headcount, with 11% of firms growing their use of sub-contracted labour during the quarter.
- Some firms found it difficult to employ and fill roles for roof slaters and tilers among the two most frequently mentioned, with 45% of firms reporting recruitment problems. The report also noticed a widespread shortage of slaters, tilers, built-up felt roofers and lead workers.
- Across the UK, roofers were found to be the highest earners with an average turnover of £65,213 compared to other trades like electricians taking home an average of £47,385.
- With a 70% rise in new roofing businesses, 2,300 new roofing industry firms launched in 2022, according to figures from Companies House, which only saw 1,341 in 2021 by comparison.
- Revenue throughout the roofing industry grew 3.7% per year on average from 2018 to 2023.
- 40,176 people were employed in the roofing industry in 2023.
- 70% of firms reported that their material costs rose during the first quarter of 2023 (up from 64%) the previous quarter.
- 58% of firms saw wage costs rise during the first quarter, and this increase in contractors’ costs fed through to tender prices, with 51% of firms raising their prices during this time. Source.
- Public non-residential RM&I is expected to be the fastest growing sector with a balance of 30 per cent firms anticipating that their sector workload will increase during 2023.
- Roofing firms operating particularly in the South West, London and Southern Counties expect the strongest growth in workloads this year.
- 40% of nationwide firms reported to providing solar installation services, with only 22% of firms reporting the implementation of zero VAT installations created more business for their services.
- Since 2016, the market for flat roofs has grown largely due to improvements in new builds and refurbishment output across schools, universities, warehouses, infrastructure buildings and apartments.
- AMA Research predicts over the medium term to 2025, growth rates for flat roof waterproofing will increase.
- Results in 2017 showed a surprising annual market growth rate of 17.1% for green roofs in the UK.
- London installs an estimated 42% of all green roofs in the UK due to a specific green roof planning policy driving the market.
- 33% of homeowners replace their roofs due to leaking, 33% due to storm damage and 3% want to improve the appearance of their home.
Sources
- https://www.thisoldhouse.com/roofing/reviews/roofing-facts-and-statistics#source
- https://www.ibisworld.com/united-kingdom/market-research-reports/roofing-activities-industry/#IndustryStatisticsAndTrends
- https://www.nfrc.co.uk/article/2024/01/04/state-of-the-roofing-industry-survey-q3-2023
- https://www.nfrc.co.uk/docs/default-source/members_bulletin_content/state-of-the-uk-roofing-industry—q1-2023.pdf?sfvrsn=c80aaa4c_2
- https://www.simplybusiness.co.uk/knowledge/articles/2019/01/roofers-earn-the-most-says-new-data/
- https://www.the-page.co.uk/blog/the-number-of-roofers-in-the-uk/
- amaresearch.co.uk
- https://livingroofs.org/wp-content/uploads/2017/08/AUG_FINAL_GREEN-ROOF-MARKET-REPORT.pdf
- https://www.rubyhome.com/blog/roofing-stats/
