Cambridge Roofers
Cambridge Roofers

As we move into 2024, the roofing market in Cambridge is poised for significant transformation. Understanding these trends is crucial for homeowners and contractors to make informed decisions and stay ahead in this competitive industry.

Roofing Market Trends in Cambridge for 2024

Key Takeaways

Aspect Details
Market Growth Rate 8%
Expected Market Value £12.5 million
Popular Roofing Material Asphalt Shingles (55%)
Installation Trends Flat roofs (60%), Pitched roofs (40%)
Average Installation Cost £5,000 to £12,000
Energy Efficiency 20% of installations incorporate energy-efficient features
Sustainability 15% of market comprises recycled/recyclable materials
Labour Cost Increase 5%
Market Competition 50% small businesses, 30% medium, 20% large corporations

Market Growth and Value

The roofing market in Cambridge is expected to grow by 8%, reaching a substantial value of £12.5 million by the end of the year. This steady growth highlights the increasing demand and the many opportunities for businesses in this sector.

Projected Growth

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Material Demand

Asphalt shingles remain the most popular roofing material in Cambridge, capturing 55% of the market share. Clay tiles and metal roofing follow, holding 20% and 15% of the market, respectively.

Material Demand

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Installation Trends

Flat roofs continue to dominate the Cambridge market, accounting for 60% of all new installations. Pitched roofs, favoured for their aesthetic and drainage benefits, represent 40% of installations.

Installation Trends
Caption

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Average Cost of Roofing

The average cost of roofing installations in Cambridge is estimated to be around £8,500. Depending on the material choice and complexity of the design, costs can range from £5,000 to £12,000.

Cost Analysis

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Energy Efficiency and Sustainability

There's a growing interest in energy-efficient roofing solutions such as solar panels and green roofs, with 20% of new installations adopting these features. Additionally, 15% of the market share is dedicated to sustainable, eco-friendly materials, reflecting a shift towards environmental responsibility.

Sustainable Roofing

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Labor Costs and Market Competition

Labour costs for roofing contractors in Cambridge are predicted to rise by 5% in 2024. The market consists of 50% small businesses, 30% medium-sized businesses, and 20% large corporations, indicating a highly competitive landscape.

Market Competition

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Conclusion

In summary, the roofing market in Cambridge for 2024 shows promising growth, with significant trends in material preferences, installation styles, and sustainability. Staying abreast of these trends is essential for making informed decisions and ensuring a competitive edge.

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Staying updated with industry trends is vital in this ever-evolving market. Let us guide you through the latest insights to keep your roofing projects on the cutting edge.