Market Size by Product Type, by Composition, by Pricing, by Installation, by End Use, by Distribution Channel Analysis, Share, Growth Forecast.
Report ID: GMI3390
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Published Date: December 2024
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Report Format: PDF
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Asphalt Shingles Market Size
The global asphalt shingles market was valued at USD 8.8 billion in 2024 and is estimated to grow at a CAGR of over 4% from 2025 to 2034. The global rise in residential construction, particularly in emerging economies, and the continued growth in North American markets, is one of the primary drivers for the market growth. As urbanization continues and more homes are being built or renovated, the demand for affordable and durable roofing materials like asphalt shingles remains high.
Asphalt shingles are particularly favored in new residential homes due to their cost-effectiveness and easy installation, offering a reliable roofing solution for builders and homeowners. In particular, replacing old or damaged roofing materials with asphalt shingles is a common and cost-effective choice for roof upgrades. The relatively low cost compared to alternatives like metal, slate, or clay tiles makes asphalt shingles an attractive choice for homeowners who are looking for a balance between performance, aesthetics, and affordability.
Asphalt Shingles Market Trends
A significant trend in the asphalt shingles industry is the increasing focus on sustainability and environmental impact reduction. As consumers and governments push for more sustainable building materials, manufacturers are responding by producing asphalt shingles that are made with recycled content and are themselves recyclable at the end of their lifespan. The push towards “green” building practices is driving innovations in asphalt shingle production, with many brands now offering shingles with a higher percentage of recycled materials, such as post-consumer recycled asphalt, rubber, and other components.
Asphalt Shingles Market Analysis
The durability and performance characteristics of asphalt shingles have made them a preferred choice for roofing, particularly in regions that experience varied weather conditions. Asphalt shingles are designed to withstand a wide range of climates, from hot and humid conditions to freezing temperatures. They are durable, can resist high winds, and are effective in protecting homes from rain, snow, and hail. This level of weather resistance makes asphalt shingles especially popular in areas prone to severe weather events like hurricanes, snowstorms, and heavy rainfall.
Based on product type, the architectural asphalt shingles segment accounted for revenue of around USD 4 billion in 2024 and is estimated to grow at a CAGR of around 4.4% from 2025 to 2034. Architectural shingles offer a more sophisticated, textured appearance, mimicking the look of high-end roofing materials such as wood shake, slate, or tile. Their enhanced curb appeal makes them especially popular among homeowners looking to improve the aesthetic value of their homes. These shingles are thicker and more durable than traditional shingles, offering superior resistance to harsh weather conditions such as high winds, heavy rain, and extreme temperatures.
Based on the composition, the fiberglass segment held around 61% share of the asphalt shingles market in 2024 and is anticipated to grow at a CAGR of 4.3% during 2025 to 2034. Fiberglass shingles are lightweight yet strong, providing excellent protection against high winds and extreme weather conditions. They are less prone to curling and warping over time compared to organic shingles. This makes them highly attractive for consumers in regions that experience severe weather such as hurricanes, storms, and high winds. Many fiberglass shingles come with reflective coatings that help reduce heat absorption, contributing to better energy efficiency in homes. This is a growing trend, especially in regions with hot climates.
U.S. region dominated around 82% share of the North America Asphalt Shingles market in 2024. North America is experiencing significant growth in both residential construction and infrastructure development. In the northern regions of North America, particularly in Canada and the northern United States, asphalt shingles are favored for their ability to withstand cold temperatures and snow loads. Organic asphalt shingles, with their flexibility, are particularly suitable for these cold climates, where the roofing material must endure freezing temperatures and heavy snowfall.
Asphalt Shingles Market Share
In 2024, key companies like GAF Materials Corporation, IKO Industries, Johns Manville, Malarkey Roofing Products, Owens Corning, Owosso Motor Company, Pabco Roofing Products and Saint-Gobain held a combined market share of 5%-10%. These companies are actively engaging in mergers, acquisitions, facility expansions, and collaborations to enhance their product portfolios, reach more customers, and strengthen their market positions.
Resellers that consistently deliver high-quality products and reliable performance often secure a competitive advantage. Upholding stringent testing and refurbishment standards is crucial for earning customer trust. Introducing warranties or return policies can distinguish resellers in the market. By offering customer support and repair services, resellers bolster buyer confidence, rendering them more appealing. A robust online presence, characterized by user-friendly websites and active social media engagement, enables resellers to connect with a wider audience. Strategic marketing initiatives can further differentiate them from their competitors.
Asphalt Shingles Market Companies
Major players operating in the asphalt shingles industry are:
Atlas Roofing Corporation
Boral Limited
Bridgestone
Duro-Last Roofing
GAF Materials Corporation
IKO Industries
Johns Manville
Malarkey Roofing Products
Owens Corning
Owosso Motor Company
Pabco Roofing Products
Saint-Gobain
Soprema
Tamko Building Products
Asphalt Shingles Industry News
In 2023, GAF Materials Corporation, based in the U.S., launched a new range of energy-efficient shingles. These shingles come with a heat-reflecting coating, leading to significant energy cost reductions.
In 2023, Owens Corning, also from the U.S., opened a new manufacturing facility in Mexico, focusing on asphalt shingle production.
In 2023, CertainTeed Corporation, another U.S. company, unveiled a new series of durable asphalt shingles. These shingles are made with a unique resin, boosting their resistance to hail and other weather-related damages.
In 2023, Malarkey Roofing Products, hailing from the U.S., rolled out a new range of eco-friendly shingles. These are crafted from recycled materials and produced through a process that minimizes emissions.
In 2023, Tamko Building Products, headquartered in the U.S., debuted a new line of budget-friendly shingles. While utilizing a more economical resin, they ensured the quality matches that of premium asphalt shingles.
This Asphalt Shingles market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue (USD Billion) & volume (Thousand Tons) from 2021 to 2034, for the following segments:
Market, By Product Type
Architectural asphalt shingles
Three-tab asphalt shingles
Strip shingles
Luxury shingles
Others (laminated shingles, etc.)
Market, By Composition
Fiberglass
Organic
Others (bitumen, etc.)
Market, By Pricing
Economy
Luxury/premium
Market, By Installation
New construction
Retrofit
Market, End Use
Residential
Single-family homes
Multi-family housing
Townhouses
Commercial
Office buildings
Retail spaces
Institutional structures
Others (hospital, etc.)
Industrial
Market, Distribution Channel
Direct
Indirect
The above information is provided for the following regions and countries:
The companies listed in this report are a curated selection - not the full competitive universe.
Our market revenue calculations use a bottom-up methodology that accounts for all players across all regions - including manufacturers, distributors, and specialists not individually profiled. The profiles section spotlights strategically significant players; it does not define the scope of our market sizing.
Your competitive landscape may also include
Regional or domestic-only leaders not in the global top tier
Distributors and channel partners who control market access
Emerging disruptors, startups, or adjacent-industry entrants
Niche players focused on a specific application or end-use
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Authors: Avinash Singh, Sunita Singh
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Premium Report Details
Base Year: 2024
Companies Profiled: 15
Tables and Figures: 180
Countries covered: 19
Pages: 220
Download Free PDF
Premium Report Details
Base Year: 2024
Companies Profiled: 15
Tables and Figures: 180
Countries covered: 19
Pages: 220
Download Free PDF
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Avinash Singh. 2024, December. Asphalt Shingles Market Size - By Product Type, By Composition, By Pricing, By Installation, By End Use, By Distribution Channel Analysis, Share, Growth Forecast, 2025 - 2034 (Report ID: GMI3390). Global Market Insights Inc. Retrieved June 5, 2026, from https://www.gminsights.com/toc/details/asphalt-shingles-market
Asphalt Shingles Market
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Asphalt Shingles Market Size
The global asphalt shingles market was valued at USD 8.8 billion in 2024 and is estimated to grow at a CAGR of over 4% from 2025 to 2034. The global rise in residential construction, particularly in emerging economies, and the continued growth in North American markets, is one of the primary drivers for the market growth. As urbanization continues and more homes are being built or renovated, the demand for affordable and durable roofing materials like asphalt shingles remains high.
Asphalt shingles are particularly favored in new residential homes due to their cost-effectiveness and easy installation, offering a reliable roofing solution for builders and homeowners. In particular, replacing old or damaged roofing materials with asphalt shingles is a common and cost-effective choice for roof upgrades. The relatively low cost compared to alternatives like metal, slate, or clay tiles makes asphalt shingles an attractive choice for homeowners who are looking for a balance between performance, aesthetics, and affordability.
Asphalt Shingles Market Trends
A significant trend in the asphalt shingles industry is the increasing focus on sustainability and environmental impact reduction. As consumers and governments push for more sustainable building materials, manufacturers are responding by producing asphalt shingles that are made with recycled content and are themselves recyclable at the end of their lifespan. The push towards “green” building practices is driving innovations in asphalt shingle production, with many brands now offering shingles with a higher percentage of recycled materials, such as post-consumer recycled asphalt, rubber, and other components.
Asphalt Shingles Market Analysis
The durability and performance characteristics of asphalt shingles have made them a preferred choice for roofing, particularly in regions that experience varied weather conditions. Asphalt shingles are designed to withstand a wide range of climates, from hot and humid conditions to freezing temperatures. They are durable, can resist high winds, and are effective in protecting homes from rain, snow, and hail. This level of weather resistance makes asphalt shingles especially popular in areas prone to severe weather events like hurricanes, snowstorms, and heavy rainfall.
Based on product type, the architectural asphalt shingles segment accounted for revenue of around USD 4 billion in 2024 and is estimated to grow at a CAGR of around 4.4% from 2025 to 2034. Architectural shingles offer a more sophisticated, textured appearance, mimicking the look of high-end roofing materials such as wood shake, slate, or tile. Their enhanced curb appeal makes them especially popular among homeowners looking to improve the aesthetic value of their homes. These shingles are thicker and more durable than traditional shingles, offering superior resistance to harsh weather conditions such as high winds, heavy rain, and extreme temperatures.
Based on the composition, the fiberglass segment held around 61% share of the asphalt shingles market in 2024 and is anticipated to grow at a CAGR of 4.3% during 2025 to 2034. Fiberglass shingles are lightweight yet strong, providing excellent protection against high winds and extreme weather conditions. They are less prone to curling and warping over time compared to organic shingles. This makes them highly attractive for consumers in regions that experience severe weather such as hurricanes, storms, and high winds. Many fiberglass shingles come with reflective coatings that help reduce heat absorption, contributing to better energy efficiency in homes. This is a growing trend, especially in regions with hot climates.
U.S. region dominated around 82% share of the North America Asphalt Shingles market in 2024. North America is experiencing significant growth in both residential construction and infrastructure development. In the northern regions of North America, particularly in Canada and the northern United States, asphalt shingles are favored for their ability to withstand cold temperatures and snow loads. Organic asphalt shingles, with their flexibility, are particularly suitable for these cold climates, where the roofing material must endure freezing temperatures and heavy snowfall.
Asphalt Shingles Market Share
In 2024, key companies like GAF Materials Corporation, IKO Industries, Johns Manville, Malarkey Roofing Products, Owens Corning, Owosso Motor Company, Pabco Roofing Products and Saint-Gobain held a combined market share of 5%-10%. These companies are actively engaging in mergers, acquisitions, facility expansions, and collaborations to enhance their product portfolios, reach more customers, and strengthen their market positions.
Resellers that consistently deliver high-quality products and reliable performance often secure a competitive advantage. Upholding stringent testing and refurbishment standards is crucial for earning customer trust. Introducing warranties or return policies can distinguish resellers in the market. By offering customer support and repair services, resellers bolster buyer confidence, rendering them more appealing. A robust online presence, characterized by user-friendly websites and active social media engagement, enables resellers to connect with a wider audience. Strategic marketing initiatives can further differentiate them from their competitors.
Asphalt Shingles Market Companies
Major players operating in the asphalt shingles industry are:
Asphalt Shingles Industry News
This Asphalt Shingles market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue (USD Billion) & volume (Thousand Tons) from 2021 to 2034, for the following segments:
Market, By Product Type
Market, By Composition
Market, By Pricing
Market, By Installation
Market, End Use
Market, Distribution Channel
The above information is provided for the following regions and countries: