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Canada Asphalt Shingles Market Size

  • Report ID: GMI5071
  • Published Date: Jul 2021
  • Report Format: PDF

Canada Asphalt Shingles Market Size

Canada Asphalt Shingles Market size exceeded USD 1.35 billion in 2020 and is estimated to grow at over 3.7% CAGR between 2021 and 2027. Increasing consumer demand for aesthetic and environment friendly roofing materials is one of the primary reasons that attributing to industry growth. The recycling of asphalt shingles is convenient and economically viable and saves valuable resources from being wasted in landfills. Growing consumer awareness related to the positive environmental contribution of asphalt shingles even after the end-of-life is a major factor impacting the product demand.

These shingles are available in a wide range of colors and varieties to offer improved aesthetics to customers along with their performance characteristics and cost-effectiveness, thereby driving market growth.

Canada office, retail, and lodging segment from dimensional shingles product type valued at over USD 60 million at 2020. Increasing demand for, retail, and lodging spaces is boosting the demand for various types of architectural shingles owing to its compatibility with various types of architectures is fueling the market revenue.  Rapid economic growth, expansion of business activities and growing tourism have led to increase requirement for offices and lodging area, which will stimulate the market share for asphalt shingles. Its compatibility with respect to design, color, and various architectural styles such as minimalistic, modern, and baroque is augmenting the market share.


Authors: Kunal Ahuja, Sarita Bayas

Frequently Asked Questions (FAQ) :

Canada asphalt shingles market size reached USD 1.35 billion in 2020 and could expand at a CAGR of over 3.7% through 2027.

The market for dimensional asphalt shingles in Canada could surpass USD 1,240 million by 2027 due to the demand for aesthetic roofing solutions in luxury homes.

Canada asphalt shingles market share from residential sector could grow at a 3.5% CAGR owing to increasing investments in private properties and luxurious houses.

Canada asphalt shingles industry size from commercial reroofing applications could surpass USD 350 million by 2027.

The market for asphalt shingles in Ontario could garner more than 780 million by the end of 2027.

Canada Asphalt Shingles Market Scope

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Premium Report Details

  • Base Year: 2020
  • Companies covered: 14
  • Tables & Figures: 533
  • Countries covered: 10
  • Pages: 390
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