Roofing Statistics Us

Commercial roofing contractors that can find train and retain workers should continue to flourish as the u s.

Roofing statistics us.

Bureau of labor statistics occupational employment statistics the median annual wage for roofers was 42 100 in may 2019. Banks consultants sales marketing teams accountants and students all find value in ibisworld. 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.

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. That s 13 growth which is classified as being faster than average. 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. We have unparalleled experience installing maintaining inspecting and repairing every type of roofing and waterproofing system.

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. In 2020 the federal government spent a total of 322 461 076 on roofing contractors. 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. Roofing industry outlook for 2018 and beyond.

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. It has awarded 565 contracts to 340 companies with an average value of 948 415 per company. Most of the demand for roofers will stem from roof replacement needs and high job turnover. 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.

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. Not to mention federal studies suggest that the deaths of roofers have reached a 5 year all time high in the u s. Roofing offers protection from heat rain and other atmospheric conditions. Find industry analysis statistics trends data and forecasts on roofing contractors in the us from ibisworld.

That is a difference of about twice as much. Get up to speed on any industry with comprehensive intelligence that is easy to read. By sarah schmidt on october 1 2018.