How the Rise in Worldwide Construction is Affecting the Roofing Industry

Global Construction, Energy Conservation Emphasis Aids to Roofing Companies

Impact of The Global Contruction Boom On Roofing Industry

Many industries were heavily impacted by the economic recession, including the housing construction market and, by direct association, the roofing materials and roof installation trades.  With fewer new housing starts and less roof renovation work, there was simply a reduced need for such materials and the skills of those who install them.

However, after several years of adverse recessionary impact, both the non-residential and residential construction markets are experiencing a rebound worldwide.  In fact, it is predicted/estimated that the global roofing industry will experience a 6.3 % compound annual growth rate between the years 2014 and 2020.

Several factors have contributed to this worldwide resurgence for roofing companies:

  • Increases in non-residential construction – hotels, offices, educational facilities
  • Heightened awareness of energy conservationroofing upgrades, solar panels
  • Emphasis on resource conservation/recycling – use of longer-lasting materials
  • Availability of government subsidies or rebates (energy conservation initiatives)
  • Reduction in the price of crude oil – lower production costs for asphalt shingles
  • Overall growth of the construction industry in emerging economies (Asia Pacific)
  • Rebounds specifically in the U.S. housing industry (a substantial consumer base)
  • Green roof initiatives: environmental protection, energy savings, and rebates

The economy is certainly the common thread that runs through these influential factors. This is from both a direct/cash flow perspective and that of investing in the short-term with an eye on long-term savings i.e.: reductions in energy consumption/costs over time and in extending the replacement cycle for roofing materials.

As a result of these ecological and economical considerations, roofing companies are being called upon more often to install new or replacement roofs with materials other than traditional asphalt shingles (residential) and tar-and-gravel (commercial flat roofs).  Options gaining in popularity include:

  • Sheet metal – galvanized, stainless, or stone-coated steel, aluminum, copper,
  • Tile roofing – clay, slate, or concrete (with availability in a variety of colours)
  • Intensive green roofs – rooftop gardens or parks with easy pedestrian access
  • Extensive green roofs – primarily low maintenance/self-sustaining vegetation

These types of roofing materials will be more expensive than traditional asphalt shingles or tar-and-gravel applications.  Therefore, their installation will require considerable skill and knowledge with respect to such aspects as:

  • General handling techniques
  • Weight-bearing requirements
  • Irrigation and/or waterproofing
  • Sensitivities to weather conditions
  • Post-installation care/maintenance

All of these requirements and more are provided by the roofing experts from Triumph Roofing.  The technicians at Triumph Roofing have the roofing industry experience needed to work skillfully with all types of materials/concepts from the perspectives of:

  • Installation
  • Replacement
  • Repair/Restoration

For all roofing needs from conventional residential roofs to commercial green space, call the teams at Triumph Roofing today at 403-452-4114 (Calgary) or 416-534-8877 (Toronto) to arrange a consultation on the services that will best meet your specific requirements.

Post a Reply