Covid-19 Impact on Asphalt Shingles Market to See Strong Expansion Through 2026

The Asphalt Shingles research report published by Stratview Research, is an in-depth analysis of the latest developments, market size, future technologies, market drivers, upcoming challenges, with key company profiles. The research study provides market overview, opportunities in the market, sales and revenue by region and much more business intel.

This research analyses niche markets, potential threats, and competitive strategy in various segments based on the Asphalt Shingles Market competitive landscape and development model in various parts of the world. This research throws light on the business strategies of the key players that might help in the growth of other companies during the pandemic era.

Impact of COVID-19 on Asphalt Shingles Market

As the world grapples with one of its greatest health pandemic, the economic and social disruption has affected millions of enterprises. The revenues have gone down in the year 2020 and may resume an uptrend gradually from 2021. Companies optimizing their operation and strategy will sustain and beat the competition. Stratview Research throws light on in-depth insights related to rapid alterations in the key players in each industry, growth and decline due to COVID-19, etc. The researchers at Stratview Research are regularly connecting with the clients and other key players of almost all the industries, regarding the impact of COVID-19 on their businesses.

Key Players:

• CertainTeed Corporation
• Owens Corning
• TAMKO Building Products Inc.
• IKO Industries Ltd.
• Atlas Roofing Corporation
• Tarco
• GAF Materials Corporation
• Malarkey Roofing Products
• PABCO Roofing Products
• Siplast Inc.
• Henry Company LLC
• Polyglass U.S.A.
• Building Products of Canada Corp.
• NBP International Inc.
• Shibam Ventures.

Growth drivers and Market Value:

This report, from Stratview Research Asphalt Shingles Market value and growth drivers over the trend period of 2021-26. According to the report -

Asphalt Shingles market is likely to witness a CAGR of 4.0% during the forecast period. The prime factors that are driving the asphalt shingles market are the expanding application range, technological advancements, and surge in demand from the Asia-Pacific region.

Segment Analysis:

By Application Type

Based on the application type, the asphalt shingles market is segmented as residential and commercial. The residential segment is expected to remain the larger application of the market owing to rapid urbanization, increasing disposable income of consumers, and significant economic growth in the Asia-Pacific region.

By Region

In terms of regions, North America is estimated to be the largest market for asphalt shingles during the forecast period. The USA and Canada are the largest consumers of asphalt shingles in the region. Significant investment towards re-roofing and higher penetration rate is the major factor driving the growth of the market in the region. Asia-Pacific is expected to witness the highest growth owing to huge consumer base and significant economic development in the region. Europe, The Middle East & Africa, and Latin America are also expected to witness a healthy demand for asphalt shingles during the forecast period.

Competitive Analysis: Understanding your rivalry is critical to your success. This section includes an analysis of your key competitors, their products/services, their differentiators, and market shares, etc.

Target Market and Audience: Identifying and prioritizing specific target markets is another key part of any industry, where research is crucial. Stratview Research’s report will help you find more about the demographics and buying behaviours of your potential customers.

Key Considerations for Market Forecast:

• Impact of lockdown, supply chain disruptions.
• Pre and post-COVID-19 market estimates
• Geographical Breakdown: Regional level analysis of the market, currently covering North America, Europe, China & Japan

Impact of COVID-19 on the Global Market

The Asphalt Shingles report compiled by Stratview Research offers in-depth study of market opportunities and market impact that are stirred due to the COVID-19 pandemic. The detailed research report focuses upon the direct and indirect impact of COVID-19 with new product launches, M&As, supply chain overview, government regulations, strategies adopted by related market, etc.

Sneak peek into the Report:

The report provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market. The following are the key features of the report:

• Market structure: Overview, industry life cycle analysis, supply chain analysis
• Market forecast analysis
• Competitive landscape and dynamics: Market share, product launches, etc.
• Attractive market segments and associated growth opportunities
• Emerging trends & Key success factors

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