Charts & Stats

Canada Roofing Market by Region, 2016-2023

By Region, the market is segmented into Asphalt, Tiles, Metal, Concrete, Others, Commercial, Residential, and Industrial (2016-2023)

Author: Wantstats Research TeamSource: Wantstats Repository
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Canada Roofing Market by Region, 2016-2023 — full underlying data
LabelAsphaltTilesMetalConcreteOthersCommercialResidentialIndustrial
2016879 USD Mn956.6 USD Mn923.1 USD Mn914.1 USD Mn629.6 USD Mn1416.9 USD Mn1657.9 USD Mn1227.7 USD Mn
2017902.6 USD Mn986.8 USD Mn950.5 USD Mn939.4 USD Mn644.5 USD Mn1456 USD Mn1708.7 USD Mn1259.1 USD Mn
2018928.7 USD Mn1020.2 USD Mn980.7 USD Mn967.5 USD Mn661.1 USD Mn1499.4 USD Mn1764.7 USD Mn1294.1 USD Mn
2019957.4 USD Mn1056.7 USD Mn1013.8 USD Mn998.3 USD Mn679.5 USD Mn1547 USD Mn1826.1 USD Mn1332.6 USD Mn
2020987.8 USD Mn1095.5 USD Mn1049 USD Mn1031 USD Mn698.9 USD Mn1597.5 USD Mn1891.3 USD Mn1373.5 USD Mn
20211023.7 USD Mn1140.8 USD Mn1090.2 USD Mn1069.6 USD Mn722.1 USD Mn1657 USD Mn1967.5 USD Mn1421.9 USD Mn
20221061 USD Mn1188.1 USD Mn1133.2 USD Mn1109.7 USD Mn746.2 USD Mn1718.9 USD Mn2047.1 USD Mn1472.2 USD Mn
20231099.7 USD Mn1237.5 USD Mn1178.1 USD Mn1151.5 USD Mn771.2 USD Mn1783.3 USD Mn2130.2 USD Mn1524.5 USD Mn

Data Source: Wantstats Repository

Wantstats

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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