The roofing industry plays a vital role in the construction and maintenance of both residential and commercial buildings. As an integral part of the building sector, the trends and statistics of the roofing industry can offer valuable insights into its current state and future trajectory.
In this article, we compiled the latest data and figures to paint a comprehensive picture of the U.S. roofing landscape in 2023.
The Size of the U.S. Roofing Industry
- In 2023, the U.S. roofing industry was valued at $23.35 billion and is projected to increase at a compound annual growth rate (CAGR) of around 6.6% from 2024 to 2032, potentially reaching an estimated $41.50 billion by 2032.
- Residential roofing demand in value terms is expected to climb at a rapid 8.2% annually, reaching $15 billion in 2025.
- The roofing contractors industry in the U.S. was the 17th-ranked construction industry sector by market size and the 213th largest in the U.S. in 2022.
- The market size of the roofing contractors industry declined by 7.2% in 2022.
- The residential roof repair services sector is projected to experience a significant CAGR of 5% between 2023 and 2030.
- The projected demand for green roofing systems in the U.S. is expected to increase by 5.1% annually, reaching $207 million by 2025.
- The demand for metal shake, shingle, and tile roofing is projected to grow steadily at an average annual rate of 1.8%, reaching 5.83 million squares by 2026.
Roofing Business Trends
- North Dakota is the best-paying state for roofers, while Texas has the lowest median salary for roofers at $27,791, which is less than half the median salary in North Dakota ($55,877).
- There are a total of 79,139 roofing contractor businesses in the United States as of 2023, representing a slight decrease of 0.3% from 2022.
- The states with the highest number of roofing contractor businesses in the United States are California, which has 9,303 businesses, followed by Texas with 6,561 businesses, and Florida with 6,398 businesses.
- The roofing contractors industry employed 212,000 workers between 2018 and 2023, and is projected to employ 220,989 workers over the next five years.
- The annual mean wage for residential roofers increased by 12% from 2018 to 2022.
(BLS - comparison of 2019 and 2022 statistics)
- The roofing industry's fatality rate stands at 29.9 per 100,000 full-time workers, with 34% of fatal incidents resulting from falls off the edges of roofs and 31% occurring during truss installation.
Residential Roofing Costs 2023
- In 2023, the average cost for a roof replacement ranges from $17,750 to $33,037, with the majority of homeowners spending close to $25,000.
- For an average-sized home, a 6.14 kW solar roof currently costs approximately $51,000.
- The cost to repair a roof currently averages from $400 to $2,000. Most homeowners pay $900 for replacing and repairing shingles after a severe storm on a gently sloped roof.
- On average, homeowners can expect to spend anywhere from $307 to $571 for a roof inspection in 2023, with the majority paying approximately $426.
Irena Martincevic is an industry analyst at Fixr.com. She analyzes and looks for visual ways to simplify data. She has been researching and writing about home improvement and personal finance since 2018. At Fixr.com, she is constantly looking to give homeowners the best advice on how to invest in their homes.