| Label | Asphalt | Tiles | Metal | Concrete | Others | Commercial | Residential | Industrial |
|---|---|---|---|---|---|---|---|---|
| 2016 | 670 USD Mn | 807.1 USD Mn | 779.1 USD Mn | 722.8 USD Mn | 462.9 USD Mn | 1113.8 USD Mn | 1333.6 USD Mn | 994.6 USD Mn |
| 2017 | 686.6 USD Mn | 830.8 USD Mn | 800.4 USD Mn | 741.3 USD Mn | 473 USD Mn | 1142.6 USD Mn | 1371.5 USD Mn | 1018.1 USD Mn |
| 2018 | 705 USD Mn | 857 USD Mn | 824.1 USD Mn | 762 USD Mn | 484.3 USD Mn | 1174.7 USD Mn | 1413.4 USD Mn | 1044.4 USD Mn |
| 2019 | 725.4 USD Mn | 885.7 USD Mn | 850.2 USD Mn | 784.7 USD Mn | 496.9 USD Mn | 1210 USD Mn | 1459.4 USD Mn | 1073.5 USD Mn |
| 2020 | 746.9 USD Mn | 916.2 USD Mn | 877.9 USD Mn | 808.8 USD Mn | 510.2 USD Mn | 1247.4 USD Mn | 1508.3 USD Mn | 1104.3 USD Mn |
| 2021 | 772.5 USD Mn | 951.9 USD Mn | 910.4 USD Mn | 837.3 USD Mn | 526.2 USD Mn | 1291.7 USD Mn | 1565.6 USD Mn | 1141 USD Mn |
| 2022 | 799 USD Mn | 989.2 USD Mn | 944.3 USD Mn | 867 USD Mn | 542.8 USD Mn | 1337.7 USD Mn | 1625.4 USD Mn | 1179.2 USD Mn |
| 2023 | 826.5 USD Mn | 1028.1 USD Mn | 979.6 USD Mn | 897.8 USD Mn | 560 USD Mn | 1385.6 USD Mn | 1687.8 USD Mn | 1218.7 USD Mn |
Data Source: Wantstats Repository
Market Dynamics
In recent years, the demand for roofing in Mexico has continued to increase due to the country's growing population and thriving construction industry. However, the demand for roofing varies significantly across different regions in Mexico, as each region has its own unique set of economic, cultural, and geographical factors that influence the roofing market. One of the main regions driving the demand for roofing in Mexico is the Northern region, which includes cities such as Monterrey, Hermosillo, and Chihuahua. This region is known for its industrial and commercial development, with a strong emphasis on metal roofing materials. The extreme heat and dry conditions in this region also make metal roofing a popular choice due to its durability and resistance to heat. Additionally, the Northern region has experienced a significant increase in urbanization, leading to a higher demand for both commercial and residential roofing. Central Mexico, which includes Mexico City, Guadalajara, and Puebla, is another major region driving the demand for roofing. This region is known for its dense population and rapid urbanization, resulting in a high demand for residential roofing materials.
The increasing focus on sustainable and eco-friendly construction has also led to a rise in demand for green roofing options such as green roofs, cool roofs, and solar panels. Moreover, the hot and humid climate in this region makes ceramic tile roofing a popular choice due to its ability to regulate temperature and withstand extreme weather conditions. The Southern region, which includes cities such as Oaxaca, Chiapas, and Cancun, has a different demand for roofing compared to other regions. The high levels of rainfall and tropical climate make waterproof and durable roofing materials crucial in this region. As a result, roofing materials such as thatch, clay tiles, and asphalt shingles are commonly used in this region. Additionally, the Southern region is known for its eclectic and vibrant culture, resulting in a preference for colorful and decorative roofing styles. In contrast, the Baja California region, which includes cities like Tijuana and Ensenada, has a lower demand for roofing due to its arid climate and low population density. The majority of residential and commercial buildings in this region use simple and cost-effective roofing materials such as corrugated metal or asphalt shingles.
In conclusion, the demand for roofing in Mexico varies significantly by region due to the country's diverse geography, climate, culture, and economic factors. As the construction industry continues to grow and evolve, the demand for different types of roofing materials is likely to increase, creating new opportunities for the roofing market in each region.
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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