Sheet-Metal Roofing Manufacturing in the US - Market Research Report (2013-2028)
New York, United States
Last Updated: September 2023
NAICS OD5824Revenue
$2.2bn
Past 5-Year Growth
Profit
$XXX.Xm
Employees
8,972
Businesses
317
Wages
$XXX.Xm
Sheet-Metal Roofing Manufacturing in the US industry analysis
The Sheet-Metal Roofing Manufacturing industry fabricates roofs made from thin, flat pieces of metal, typically steel or aluminum. Sheet-metal roofs have long been popular for use in garages, industrial buildings and commercial buildings. However, metal roofs are also gaining traction in the residential market because they are highly durable (able to endure several decades with relatively little maintenance), do not burn, can resist damage from severe weather, are environmentally friendly and are easy to install and repair. Due to sustained demand from the construction markets and resilient corporate profit levels, industry revenue is expected to have grown at a CAGR of 3.9% to reach $2.2 billion in 2023, when revenue is set to fall 9.0% as input prices fall.In recent years, prices of steel and aluminum have experienced periods of growth and have provided a boost to industry revenue. Low interest rates led to heightened levels of construction activity and increased demand levels experienced by industry operators, particularly in 2021. However, operational hurdles, amid the COVID-19 pandemic have hindered industry profit, which remains at 5.2% of revenue in 2023. The industry benefits from limited international trade in metal roofing, which is heavy, bulky and costly to transport. Imports fulfill an estimated 4.4% of domestic demand and pose little threat to industry operators.The industry is expected to experience a slight decline in the coming years, as still elevated interest rates cause commercial and residential construction activity to slow in the near term. Meanwhile the price of metal is expected to fall, which will contribute to limited industry revenue growth moving forward. Despite declines, industry operators could benefit from green initiatives, which emphasizes the importance of metal roofing. Overall, however, IBISWorld expects revenue to decrease at a CAGR of 1.5% to reach $2.0 billion in 2028.
Trends and Insights
- As an input to construction, demand for sheet-metal roofing will fluctuate with the broader construction market. More specifically, sheet-metal roofing is more often used in commercial constructions.
- Steel roofing leads the industry. Steel roofing is relatively cheap and durable.
- Population centers draw manufacturers. The high volume of construction projects in major cities makes them ideal places for manufacturing facilities.
- Competition is centered around quality and convenience. Manufacturers that can deliver high-quality products quickly to construction projects in the area enjoy the most success.
Industry Overview
Market size and recent performance (2013-2028)
Industry revenue has grown at a CAGR of 3.9 % over the past five years, to reach an estimated $2.2bn in 2023.
Trends and Insights
The volatile construction sector hampers manufacturers
- During the height of the COVID-19 pandemic, commercial construction was largely put on hold, significantly cutting into manufacturers' revenue.
- Additional trends and insights available with purchase
Source: IBISWorld
Industry outlook (2024-2029)
Market size is projected to decline over the next five years.
Trends and Insights
High inflation, high interest rates
- As an input to construction, demand for sheet-metal roofing will fluctuate with the broader construction market.
Biggest companies in the Sheet-Metal Roofing Manufacturing in the US
| Company | Market Share (%)
2023 | Revenue ($m)
2023 | Profit ($m)
2023 | Profit Margin (%)
2023 |
|---|---|---|---|---|
Cornerstone Building Brands, Inc. | 274.5 | 3.1 | 1.1 | |
Omnimax International, Inc. | 65.5 | 3.9 | 6.0 |
To view the market share and analysis for all 2 top companies in this industry, view purchase options.
Products & Services Segmentation
Source: IBISWorld
Industry revenue is measured across several distinct product and services lines, including Galvanized steel roofing, Mixed-metal steel roofing and Aluminum roofing. Galvanized steel roofing is the largest segment of the Sheet-Metal Roofing Manufacturing in the US.
Trends and Insights
Steel roofing leads the industry
- Accounted for in this segment, steel roofing is the most preferred material used in the Sheet-Metal Roofing Manufacturing industry. Of the steel roofing products, corrugated galvanized steel remains the most widely used, consisting of hot-dip galvanized steel, which is cooled and then rolled to produce a corrugated pattern and coated with zinc to prevent corrosion.
- More insights available in the full report
Widen you competitive advantage with related industries
Competitors
- There are no industries to display.
Complementors
- Roofing Contractors in the US
- Structural Metal Product Manufacturing in the US
- Sheet Metal, Window & Door Manufacturing in the US
International industries
- Sheet Metal, Window & Door Manufacturing in Canada
- Structural Metal Product Manufacturing in Australia
- Architectural Aluminium Product Manufacturing in New Zealand
- Metal Door & Window Manufacturing in the UK
- Structural Metal Product Manufacturing in Ireland
Table of Contents
About this industry
Industry definition
This industry fabricates sheet-metal roofing products, including aluminum, steel, copper and zinc roofing. However, the industry does not manufacture sheet-metal roofing drainage. It also does not install or repair roofs, which are activities that are accounted for in the Roofing Contractors industry (IBISWorld report 23816).
What's included in this industry?
Manufacturing aluminum metal roofingManufacturing steel metal roofingManufacturing other metal roofingCompanies
Cornerstone Building Brands, Inc.Omnimax International, Inc.Purchase this report to view all 2 major companies in this industry.
Related Terms
CLASS A, B AND CGALVANIZED STEELCOOL ROOFINGROLLINGEXTRUSIONIndustry Code
NAICS 33232 - Sheet-Metal Roofing Manufacturing in the US
Performance
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Analyst insights
As an input to construction, demand for sheet-metal roofing will fluctuate with the broader construction market. More specifically, sheet-metal roofing is more often used in ...
In this chapter (4)
- Current Performance
- Outlook
- Volatility
- Life Cycle
Key metrics
- Annual Revenue, Recent Growth, Forecast, Revenue Volatility
- Number of Employees, Recent Growth, Forecast, Employees per Business, Revenue per Employee
- Number of Businesses, Recent Growth, Forecast, Employees per Business, Revenue per Business
- Total Profit, Profit Margin, Profit per Business
Charts
- Revenue, including historical (2013-2022) and forecast (2023-2028)
- Employees, including historical (2013-2022) and forecast (2023-2028)
- Businesses, including historical (2013-2022) and forecast (2023-2028)
- Profit, including historical (2013-2023)
- Industry Volatility vs. Revenue Growth
- Industry Life Cycle
Detailed analysis
- Trends in supply, demand and current events that are driving current industry performance
- Expected trends, economic factors and ongoing events that drive the industry's outlook
- Key success factors for businesses to overcome volatility
- How contribution to GDP, industry saturation, innovation, consolidation, and technology and systems influence the industry's life cycle phase.
Products and Markets
Learn about an industry's products and services, markets and trends in international trade.
Analyst insight
Steel roofing leads the industry. Steel roofing is relatively cheap and durable.
In this chapter
- Products & Services
- Major Markets
- International Trade
Key metrics
- Largest market segment and value in 2023
- Product innovation level
- Total imports, level and trend
- Total exports, level and trend
- Trade Balance
Charts
- Products & services segmentation in 2023
- Major market segmentation in 2023
- International trade, including imports by country and exports by country
Detailed analysis
- Trends impacting the recent performance of the industry's various segments
- Innovations in the industry's product or service offering, specialization or delivery method
- Key factors that successful businesses consider in their offerings
- Buying segments and key trends influencing demand for industry products and services
- Recent trends in import and export volumes, country of origin or destination, and expected future trends
Geographic Breakdown
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Analyst insights
Population centers draw manufacturers. The high volume of construction projects in major cities makes them ideal places for manufacturing facilities.
In this chapter (1)
- Business Locations
Charts
- Share of revenue, establishment, wages and employment in each state
- Share of population compared to establishments in each region in 2023
Tables
- Number and share of establishments in each state in 2023
- Number and share of revenue each state accounts for in 2023
- Number and share of wages each state accounts for in 2023
- Number and share of employees in each state in 2023
Detailed analysis
- Geographic spread of the industry across North America, and trends associated with changes in the business landscape
- Key success factors for businesses to use location to their advantage
Competitive Forces
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Analyst insights
Competition is centered around quality and convenience. Manufacturers that can deliver high-quality products quickly to construction projects in the area enjoy the most succe...
In this chapter (4)
- Concentration
- Barriers to Entry
- Substitutes
- Buyer & Supplier Analysis
Key metrics
- Industry concentration level
- Industry competition level and trend
- Barriers to entry level and trend
- Substitutes level and trend
- Buyer power level and trend
- Supplier power level and trend
Charts
- Market share concentration among the top 4 suppliers from 2018-2023
- Supply chain including upstream supplying industries and downstream buying industries, flow chart
Detailed analysis
- Factors impacting the industry’s level of concentration, such as business distribution, new entrants, or merger and acquisition activity.
- Key success factors for businesses to manage the competitive environment of the industry.
- Challenges that potential industry entrants face such as legal, start-up costs, differentiation, labor/capital intensity and capital expenses.
- Key success factors for potential entrants to overcome barriers to entry.
- Competitive threats from potential substitutes for the industry’s own products and services.
- Key success factors for how successful businesses can compete with substitutes.
- Advantages that buyers have to keep favorable purchasing conditions.
- Advantages that suppliers have to maintain favorable selling conditions.
- Key success factors for how businesses can navigate buyer and supplier power.
Companies
Learn about the performance of the top companies in the industry.
Analyst insights
The industry is led by Cornerstone Building Brands. The company produces a range of sheet metal and exterior building products.
In this chapter
- Market Share Concentration
- Companies
- Company Spotlights
Charts
- Industry market share by company in 2019 through 2023
- Major companies in the industry, including market share, revenue, profit and profit margin in 2023
- Overview of Cornerstone Building Brands, Inc.'s performance by revenue, market share and profit margin from 2017 through 2023
- Overview of Omnimax International, Inc.'s performance by revenue, market share and profit margin from 2017 through 2023
Detailed analysis
- Description and key data for Cornerstone Building Brands, Inc., and factors influencing its performance in the industry
- Description and key data for Omnimax International, Inc., and factors influencing its performance in the industry
External Environment
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Analyst insights
The value of construction drives success. As the value of construction increases, the value of the products needed for construction rises as well, boosting this industry.
In this chapter
- External Drivers
- Regulation & Policy
- Assistance
Key metrics
- Regulation & policy level and trend
- Assistance level and trend
Charts
- Regulation & Policy historical data and forecast (2013-2028)
- Assistance historical data and forecast (2013-2028)
Detailed analysis
- Demographic and macroeconomic factors influencing the industry, including Regulation & Policy and Assistance
- Major types of regulations, regulatory bodies, industry standards or specific regulations impacting requirements for industry operators
- Key governmental and non-governmental groups or policies that may provide some relief for industry operators.
Financial Benchmarks
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Analyst insights
Fluctuating input costs and construction activity have pressured profit. Steady metal prices have helped profit stabilize, but the value of construction is on the decline as ...
In this chapter
- Cost Structure
- Financial Ratios
- Key Ratios
Key metrics
- Profit margin, and how it compares to the sector-wide margin
- Average wages, and how it compares to the sector-wide average wage
- Largest cost component as a percentage of revenue
- Industry average ratios for days' receivables, industry coverage and debt-to-net-worth ratio
Charts
- Average industry operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2023
- Average sector operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2023
- Investment vs. share of economy
Data tables
- Industry Multiples (2016-2021)
- Industry Tax Structure (2016-2021)
- Income Statement (2016-2021)
- Balance Sheet (2016-2021)
- Liquidity Ratios (2016-2021)
- Coverage Ratios (2016-2021)
- Leverage Ratios (2016-2021)
- Operating Ratios (2016-2021)
- Cash Flow & Debt Service Ratios (2013-2028)
- Revenue per Employee (2013-2028)
- Revenue per Enterprise (2013-2028)
- Employees per Establishment (2013-2028)
- Employees per Enterprise (2013-2028)
- Average Wage (2013-2028)
- Wages/Revenue (2013-2028)
- Establishments per Enterprise (2013-2028)
- IVA/Revenue (2013-2028)
- Imports/Demand (2013-2028)
- Exports/Revenue (2013-2028)
Detailed analysis
- Trends in the cost component for industry operators and their impact on industry costs and profitability
Key Statistics
Industry Data
Data Tables
Including values and annual change:
- Revenue (2013-2028)
- IVA (2013-2028)
- Establishments (2013-2028)
- Enterprises (2013-2028)
- Employment (2013-2028)
- Exports (2013-2028)
- Imports (2013-2028)
- Wages (2013-2028)
Methodology
How are IBISWorld reports created?
IBISWorld has been a leading provider of trusted industry research for over 50 years to the most successful companies worldwide. With offices in Australia, the United States, the United Kingdom, Germany and China, we are proud to have local teams of analysts that conduct research, data analysis and forecasting to produce data-driven industry reports.
Our analysts start with official, verified and publicly available sources of data to build the most accurate picture of each industry. Analysts then leverage their expertise and knowledge of the local markets to synthesize trends into digestible content for IBISWorld readers. Finally, each report is reviewed by one of IBISWorld’s editors, who provide quality assurance to ensure accuracy and readability.
IBISWorld relies on human-verified data and human-written analysis to compile each standard industry report. We do not use generative AI tools to write insights, although members can choose to leverage AI-based tools within the platform to generate additional analysis formats.
What data sources do IBISWorld analysts use?
Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and our own proprietary database of statistics and analysis to provide balanced, independent and accurate insights.
Key data sources in the US include:
- US Census Bureau
- US Bureau of Labor Statistics
- US International Trade Commission
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
- Industry and trade associations
- Industry federations or regulators
- Major industry players annual or quarterly filings
Finally, IBISWorld’s global data scientists maintain a proprietary database of macroeconomic and demand drivers, which our analysts use to help inform industry data and trends. They also maintain a database of statistics and analysis on thousands of industries, which has been built over our more than 50-year history and offers comprehensive insights into long-term trends.
How does IBISWorld forecast its data?
IBISWorld’s analysts and data scientists use the sources above to create forecasts for our proprietary datasets and industry statistics. Depending on the dataset, they may use regression analysis, multivariate analysis, time-series analysis or exponential smoothing techniques to project future data for the industry or driver. Additionally, analysts will leverage their local knowledge of industry operating and regulatory conditions to impart their best judgment on the forecast model.
IBISWorld prides itself on being a trusted, independent source of data, with over 50 years of experience building and maintaining rich datasets and forecasting tools. We are proud to be the keystone source of industry information for thousands of companies across the world.
Learn more about our methodology and data sourcing on the Help Center.
Frequently Asked Questions
Unlock comprehensive answers and precise data upon purchase. View purchase options.
What is the market size of the Sheet-Metal Roofing Manufacturing in the US industry in United States in 2024?
The market size of the Sheet-Metal Roofing Manufacturing in the US industry in United States is $2.2bn in 2024.
How many businesses are there in the Sheet-Metal Roofing Manufacturing in the US industry in 2023?
There are 317 businesses in the Sheet-Metal Roofing Manufacturing in the US industry in United States, which has grown at a CAGR of 5.7 % between 2018 and 2023.
Has the Sheet-Metal Roofing Manufacturing in the US industry in United States grown or declined over the past 5 years?
The market size of the Sheet-Metal Roofing Manufacturing in the US industry in United States has been growing at a CAGR of 3.9 % between 2018 and 2023.
What is the forecast growth of the Sheet-Metal Roofing Manufacturing in the US industry in United States over the next 5 years?
Over the next five years, the Sheet-Metal Roofing Manufacturing in the US industry in United States is expected to decline.
What are the biggest companies in the Sheet-Metal Roofing Manufacturing in the US market in United States?
The biggest companies operating in the Sheet-Metal Roofing Manufacturing market in United States are Cornerstone Building Brands, Inc. and Omnimax International, Inc.
What does the Sheet-Metal Roofing Manufacturing in the US in United States include?
Manufacturing aluminum metal roofing and Manufacturing steel metal roofing are part of the Sheet-Metal Roofing Manufacturing in the US industry.
Which companies have the highest market share in the Sheet-Metal Roofing Manufacturing in the US in United States?
The company holding the most market share in United States is Cornerstone Building Brands, Inc..
How competitive is the Sheet-Metal Roofing Manufacturing in the US industry in United States?
The level of competition is moderate and steady in the Sheet-Metal Roofing Manufacturing in the US industry in United States.
