Philippines Roofing Market Size (2024 - 2029)

Philippines Roofing Market Analysis

The Philippine roofing market size was estimated at 21,853 thousand square meters in 2020, and the market is projected to register a CAGR of over 5% during the forecast period (2021-2026).

The market was negatively impacted by COVID-19 in 2020. Owing to the pandemic scenario, the construction works were on temporary halt, which led to a decrease in the demand in the roofing market during the government-imposed lockdown. However, the construction industry is picking up the pace in the post-COVID scenario, and it is estimated to grow in the forecast period, which is likely to enhance the demand in the Philippine roofing market in the coming years.

• Over the medium term, the growth in the construction of residential and non-residential buildings and the trend of adopting green buildings in the Philippines are expected to drive the market.
• The residential sector dominated the roofing market in the Philippines, and it is expected to grow during the forecast period, owing to the growing construction activities in the country.
• Unfavorable conditions arising due to the impact of COVID-19 can act as a barrier to the growth of the market studied.
• Ongoing and upcoming infrastructure projects and growing prominence for solar rooftop installations are likely to act as opportunities in the future.

Philippines Roofing Industry Segmentation

The three most common types of roofing for traditional residential houses in the Philippines are asphalt, wood (cedar), and metal. The Philippine roofing market is segmented by product type and end-user industry. By product type, the market is segmented into asphalt shingles, tile roofing, metal roofing, and other product types. By end-user industry, the market is segmented into residential and non-residential. For each segment, the market sizing and forecasts have been done on the basis of volume (thousand square meters).