50 Roofing Statistics, Trends and Insights [2023 Outlook]

Nothing is more essential to your home than the roof over your head. To maintain the safety and condition of your property, a properly sealed and structurally sound roof is a vital feature; because of this, the roofing industry continues to grow. Despite the ever-lasting necessity of a quality roof, the market for roofing services does tend to fluctuate and see trends come and go.

We have compiled some of the most significant recent statistics and trends that the roofing industry has seen as of 2022, touching on the industry outlook, accidents in the field, and much, much more.

Table of Contents

Industry Outlook

The roofing industry has remained large both in terms of workers and growth rates in 2022. While roofing services are mainly staffed by roofing mechanics who handle on-site repairs and installations, there are also professionals who handle things like cost estimation and administrative work. With this in mind, we’ve collected relevant data to display an overview of the roofing industry in 2022.

There are approximately 109,331 roofing contractor businesses in the USA as of 2022, showing a 1.8% increase from 2021.
There are currently 283,203 workers employed in the roofing industry, meaning that roofing contractor businesses contain an average of 2.6 employees per business.
Roofing businesses in the USA have experienced a 1.2% growth in 2022.
Employment in the roofing industry has also displayed a 1.2% increase in 2022.
Since 2017, roofing contractor businesses have reported an annual business growth of 1.8%, showing that the industry has continued to grow throughout the pandemic.
The roofing industry’s employment rates have also grown since 2017, with an annual employment growth of 2.2% as of 2022.
The state with the highest amount of roofing contractor businesses in 2022 is California.
In 2022, the roofing industry was ranked 13^th among the top construction industries based on employment in the USA. It ranks 130^th as the largest employment industry in the country.

Demographics

As of 2022, the roofing industry is composed of 90.8% male workers and 9.2% female workers.
The majority of workers — about 72% — in the roofing contractor business are above 40 years old. 24% of workers are between 30 – 40 years old, while 4% are between 20 – 30.
In terms of educational attainment, the majority of workers in the roofing industry hold degrees. Only 31% of workers in 2022 have only obtained their high school diploma, while a combined 51% have also obtained an associate’s degree and/or a bachelor’s degree.
The vast majority of employees in the roofing industry are employed in private companies, taking up a whopping 92% of the workforce. 5% of employees work for public roofing contractor businesses, while 3% work for government companies.
Construction companies require the most roofing services out of all industries. In fact, 32% of roofing companies hire roofing contractor businesses to meet their needs.
As of 2022, about 30% of employees in the roofing industry will work in the industry for only one to two years.

Financial Statistics

The roofing industry has paid a total of $12.4 billion to its employees in 2022.
The wage in the roofing industry has experienced a 1.1% growth between 2021 and 2022.
From 2017 – 2022, wages in the roofing industry have experienced a 2% annualized wage growth.
The roofing industry currently stands in 16^th place for the highest wage given in construction. It is 157th place for the largest annual wage on a national scale.
Men are still paid higher compared to women in the roofing industry. Women make a total of ¢92 for every $1 a male employee makes.
The average income for a male worker in the roofing industry is $65,509.
The average income for a female worker in the roofing industry is $60,180.
In terms of educational attainment, roofing contractor business employees with a master’s degree receive the highest annual wage, with an average of $73,460.
Employees with only a high school diploma earn the least in terms of educational attainment in the roofing industry. On average, high school graduates earn about $65,509 in the roofing industry.
The revenue for businesses in the roofing industry has steadily increased over the past five years.
The employment rate in the roofing industry has increased over the past five years.

Accidents and Injuries

If you’re interested in joining the roofing industry, you may want to take a look at these statistics. Being mindful of risks may help you prepare and stay safe in the long run.

The roofing industry is ranked fifth with the highest number of fatalities in the construction industry. Even though it’s not at the very top, the fatality rate for employees in the roofing industry is double the average rate for the construction industry as a whole.
As of 2022, there are 29.9 deaths per 100,000 workers in the roofing contractor businesses.
As of 2022, the highest proposed fine for on-site safety violations filed against a roofing company was a $1.2 million fine in January of 2020 against the roofing company Allways Roofing. They were fined for six willful, six serious, and two repeat-general violations.
34% of deaths in the construction industry are caused by falls. Approximately 300 people per year die from falls during construction.
The construction industry has the third-highest rate of injuries reported among all business industries. Out of every 100,000 workers in the construction industry, 10.2 suffer from injuries.
The cost of work-related injuries covered by businesses in the construction industry amount to $170 billion per year.
Safety violations fines from OSHA (The Occupational Safety and Health Administration) often cost between $14,502 – $145,027, depending on severity and amount of repetitions.

Market Statistics

We’ve compiled relevant statistics to display how the roofing industry is performing in the 2022 market.

Roofing contractors spend the most on purchases. Purchases for materials make up 46.7% of the total costs in roofing businesses, 23.6% is spent on wages for their employees, and 1.7% is spent on utilities.
Based on revenue, the market size of the roofing industry is currently at $52.2 billion.
In 2022, roofing contractor businesses exhibited a 0.6% market size growth.
The annual market growth for the roofing industry from 2017 to 2022 amounts to 1%.
The roofing industry is currently in 16^th place for the largest market size in the construction industry. It is the 207^th largest in the USA overall.

Commercial Statistics

Commercial roofing has always played a vital role in the industry. We’ve listed down some of the latest data about commercial roofing in 2022.

Thanks to positive trends in roofing contractor businesses, 85% of roofers have experienced an increase in sales in 2022.
Many commercial roofing businesses have begun using advanced technology in their line of work. 64% of roofing employees have stated that they use special software programs for estimation and enterprise. 50% of employees use programs for accounting and 41% use project management programs to streamline the project management and communication.
Commercial roofing businesses have begun using drones in their work. 31% of workers said that they plan on integrating drone use in 2022.
Sustainability and environmentally friendly means for roofing have become more popular in 2022.
There has been a 56% increase in sales for roof coatings for cool, heat-absorbent roofs.

Residential Statistics

The roof is an important part of every home, which is why many homeowners seek roofing services to maintain them. Here are some residential roofing trends and statistics in 2022.

Because there were so many roofing sales in 2021, they are expected to decline from 2022 to 2025.
The demand value for residential roofing is expected to increase by 8.2% each year, with an expected total of $15 billion by 2025.
Despite their comparatively higher prices, homeowners prefer using materials like metal roofing, solar roofing, or laminated asphalt because of their high level of quality and aesthetics.

Challenges

The roofing industry had its own share of challenges in 2022, mainly in terms of its growth.

Compared to other industries on the market, the roofing industry has exhibited a significantly slower growth rate.
The biggest reasons that contribute to the lack of growth in the industry are low barriers to entry and high competition among businesses.
The roofing industry is still suffering from the effects of the COVID-19 pandemic. Due to a shortage in materials, the cost of construction materials is steadily increasing.
Construction materials have exhibited a 24.4% price growth in 2022.
More companies have moved into digital advertising. Due to this, the average roofing company pays over $20 per click on Google.

Conclusion

If you’re planning to join the roofing industry or employ a roofing contractor in the near future, keeping these statistics in mind will give you the context to properly evaluate the risk factors that are likely to impact you. Staying informed is the best way to make wise financial decisions.

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50 Roofing Statistics and Trends