| Label | Asphalt | Tiles | Metal | Concrete | Others | Commercial | Residential | Industrial |
|---|---|---|---|---|---|---|---|---|
| 2016 | 879 USD Mn | 956.6 USD Mn | 923.1 USD Mn | 914.1 USD Mn | 629.6 USD Mn | 1416.9 USD Mn | 1657.9 USD Mn | 1227.7 USD Mn |
| 2017 | 902.6 USD Mn | 986.8 USD Mn | 950.5 USD Mn | 939.4 USD Mn | 644.5 USD Mn | 1456 USD Mn | 1708.7 USD Mn | 1259.1 USD Mn |
| 2018 | 928.7 USD Mn | 1020.2 USD Mn | 980.7 USD Mn | 967.5 USD Mn | 661.1 USD Mn | 1499.4 USD Mn | 1764.7 USD Mn | 1294.1 USD Mn |
| 2019 | 957.4 USD Mn | 1056.7 USD Mn | 1013.8 USD Mn | 998.3 USD Mn | 679.5 USD Mn | 1547 USD Mn | 1826.1 USD Mn | 1332.6 USD Mn |
| 2020 | 987.8 USD Mn | 1095.5 USD Mn | 1049 USD Mn | 1031 USD Mn | 698.9 USD Mn | 1597.5 USD Mn | 1891.3 USD Mn | 1373.5 USD Mn |
| 2021 | 1023.7 USD Mn | 1140.8 USD Mn | 1090.2 USD Mn | 1069.6 USD Mn | 722.1 USD Mn | 1657 USD Mn | 1967.5 USD Mn | 1421.9 USD Mn |
| 2022 | 1061 USD Mn | 1188.1 USD Mn | 1133.2 USD Mn | 1109.7 USD Mn | 746.2 USD Mn | 1718.9 USD Mn | 2047.1 USD Mn | 1472.2 USD Mn |
| 2023 | 1099.7 USD Mn | 1237.5 USD Mn | 1178.1 USD Mn | 1151.5 USD Mn | 771.2 USD Mn | 1783.3 USD Mn | 2130.2 USD Mn | 1524.5 USD Mn |
Data Source: Wantstats Repository
Market Dynamics
The roofing industry in Canada is a vital part of the country's construction sector and has grown significantly in recent years. As urbanization and population growth continue to drive demand for housing and commercial buildings, the roofing market is expected to expand even further. The market is divided into several regions, each with its own unique characteristics and opportunities. One of the prominent regions in Canada's roofing market is Ontario. It is the most populous province in the country, and it is also one of the wealthiest. This region has a high demand for roofing materials due to its large population and strong economy. The major cities in Ontario, such as Toronto and Ottawa, have a large number of residential and commercial buildings that require roofing services. The province also experiences harsh winter conditions, which creates a need for durable and high-quality roofing materials. As a result, there is a high demand for shingles and metal roofing in this region. Another significant region in the Canadian roofing market is Western Canada, including the provinces of British Columbia, Alberta, Saskatchewan, and Manitoba. The region has a thriving construction industry due to the presence of major cities like Vancouver, Calgary, and Edmonton.
These cities have seen a boom in the real estate market, leading to a high demand for roofing services. Additionally, the region's climate includes heavy snowfall and strong winds, making roofing materials such as asphalt shingles and metal roofs popular choices. Eastern Canada, comprised of the provinces of Quebec, New Brunswick, Nova Scotia, Prince Edward Island, and Newfoundland, is another key region in the Canadian roofing market. The region has a diverse climate, with harsh winters and hot summers, creating a demand for a variety of roofing materials. The region also has a large number of aging homes that require renovations, driving the demand for roofing materials. Finally, the Northern Canada region, which includes the three territories of Yukon, Northwest Territories, and Nunavut, has a small but growing roofing market. The region has a harsh climate, with long and cold winters, making durability and insulation crucial factors in selecting roofing materials. As the region experiences economic growth and development, the demand for roofing services is also expected to increase. In conclusion, the Canadian roofing market is expected to witness steady growth in the coming years, driven by factors such as population growth, urbanization, and economic development.
The regions of Ontario, Western Canada, Eastern Canada, and Northern Canada all present unique opportunities for roofing companies, and it is crucial for businesses to understand the characteristics and demands of each region to succeed in this market.
Research Methodology
Figures reflect Wantstats’ original market research and forecasting models, compiled as part of the Wantstats research archive and published in 2024.
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