Logiq Inc. (NEO:LGIQ.AQN, OTCQX:LGIQ) has announced its entry into the roofing market to expand its presence in the home improvement vertical.
The provider of digital consumer acquisition solutions said there are presently more than 100,000 roofing companies in the US, which represents a sizeable market opportunity for Logiq.
"I am thrilled about our roofing industry expansion, as our team has worked hard to develop and add this vertical to our home improvement offering," Logiq CEO Brent Suen said in a statement.
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"We're excited about the growth potential in this market and are always looking at new opportunities to serve our clients that will also be beneficial to our revenue and margin growth, thereby building shareholder value," he added.
Roofing is the 16th largest vertical in the construction industry, Logiq said, citing information from IBIS World, the global database for industry reports.
According to professional roofing contractor Morrissey Construction, the segment is worth $102 billion in the Americas and is forecast to grow to $156 billion by 2030, the company noted.
The search term “roof repair” reached its highest volume ever last year, reaching more than 200% of the 15-year average preceding 2021.
Logiq is a US-based provider of eCommerce and digital customer acquisition solutions. By simplifying digital advertising, it provides data-driven, end-to-end marketing through its results solution or providing software to access data by activating campaigns across multiple channels.
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