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A recent study by FMI Corporation, a leading consultant to the construction industry, determined that the metal construction industry has been gaining market share, on a square foot basis, since 2004. Way to grow, metal!
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| Commercial Buildings Are Showing Their Metal |
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Between 2009 and 2014, commercial metal roofing had a 9.7% gain in market share, and commercial metal wall panels had a 8.7% gain in market share, according to the recent Consolidated Construction Industry Study by FMI.
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| More And More People Are At Home With Metal |
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The use of metal roofing for residential buildings is increasing too, according to the study. Since 2004, new construction metal roofing has experienced a 7.1% gain in market share, and home improvement metal roofing has experienced a 4.1% gain in market share
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| A Bigger Piece Of The Pie |
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In total, the metal construction industry has achieved an annual growth rate in share percentage of approximately 4%, according to FMI's study.
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| Taking the High Road Pays Off |
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Even during the tough times of the past 10 years, the metal industry promoted metal construction products as premium materials at reasonable prices. Even though building owners and specifiers were especially cost-conscious during this period, this premium message hit home, resulting in a 4% annual growth rate over the past five years.
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| No Wonder Designers Are Choosing Metal |
Within the design community, metal provides a clear value proposition for roof and wall products. Key reasons to select metal products over competitive materials include:
• Energy efficiency and performance
• LEED certification/green building
• Aesthetic appeal
• Life cycle cost
• Durability
• Speed of construction
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