The roofing industry in the United States is prominent, with an estimated market size of over $25 billion annually, which covers various segments such as residential, commercial, and industrial roofing. Owing to its core function to protect structures from the exterior environment, roofing can be prone to damage by weather (e.g., storms) and other exterior environmental factors. For example, hailstorms in the United States result in an average of about $1 billion in damages to crops and property annually. In Canada, in 2020 alone, hailstorms caused $1.3 billion in insured damage to homes, cars, and commercial properties.
Please see full publication below for more information.