Roofing Market Industry Analysis and Opportunity and Forecast To 2029
COVID-19 impacted various manufacturing industries in the year 2020-2021 as it led to the closure of workplaces, disruption of supply chains, and restrictions on transportation. Several countries such as China, India, Brazil and many more imposed lockdown in this face which led to the shutdown of production and manufacturing facilities. The same applies to the roofing market. Supply chain of numerous manufacturing units was adversely affected in this period leading to a major drop in the revenues and profits. There is a huge hit to the market owing to the delay in manufacturing and production of roofing products which are utilized in residential and commercial spaces. However, with the increasing relaxations, a rise in import and export is significantly expected. Respective governing authorities are beginning to lift these enforced lockdowns which is a positive sign for the market.
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