Green Roof Market Statics 2027
The green roof market size was valued at $1,451.3 million in 2019 and is expected to reach $4,192.0 million by 2027, registering a CAGR of 15.6% from 2020 to 2027. A green roof is a layer of plants planted in a waterproofing system that is installed on a flat or sloped roof. It is an effective solution to cut down excessive heat produced during the day time in summers.
Extensive and an intensive are two types of green roofs. Green roof is used in residential, commercial, as well as industrial areas. Increasing awareness about green roofing systems across various end users, such as residential and industrial, drives the growth of the market.
Increase in residential construction and rapid urbanization in developing countries are some of the factors leading to the growth of the market. For instance, urbanization in India grew by 0.98% from 2018-2019. In addition, employment opportunities provided for educated and skilled individuals who can efficiently manufacture green roofs is another factor, which fuels the growth of the market.
Moreover, the green roof market is projected to register a significant growth, owing to rising global warming, which in turn, leads to rise in demand for effective natural methods to reduce heat in the atmosphere. In addition, government initiatives to attract organizations or individuals for adopting a green roof product fuel the growth of the market. For instance, in September 2019, the Hamburg government gave a subsidy of 30-60% on installation cost of green roof systems; thereby providing a lucrative opportunity for the green roof market growth. Increase in construction of industrial, commercial, and residential buildings is expected to escalate the demand for green roof systems to regulate temperature of roof and surrounding areas. Further, government support to eliminate toxic greenhouse gases and reduce global warming is anticipated to create lucrative opportunities for the market during the forecast period.
However, lack of proper designing layout and guidelines for the installation of a green roofing is expected to hinder the growth of the market. Moreover, benefits of tax offered by governments to private companies are projected to provide lucrative opportunities for the growth of the green roof market.
The novel coronavirus impacted various industries in several countries and regions. It originated as a crisis to human health, but now poses significant threats to worldwide trade, economy, and finance. In addition, packaging, raw material supply chains, and manufacturing activities have been halted on a global scale to retain quick transmission of the virus. In addition, the COVID-19 pandemic has shut-down the production of various sizes of green roof systems, owing to lockdown in major countries such as the UK, China, the U.S., India, Japan, and Germany. This has hampered the growth of the market significantly in the past few months, which is likely to continue during 2020.
By Type
Extensive segment is projected to grow at a significant CAGR
The global market is segmented based on type, distribution channel, application, and region. Based on type, the market is divided into extensive and intensive. The extensive segment generated the highest revenue in 2019. Based on distribution channel, the market is bifurcated into online and offline. The offline segment generated the highest revenue in 2019. Based on application, the market is classified into residential, commercial, and industrial. The commercial segment generated the highest revenue in 2019.
Region-wise, the market analysis is conducted across North America (the U.S., Canada, and Mexico), Europe (the UK, France, Germany, Italy, and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, and Rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa). In 2019, Europe was the highest contributor to the green roof market share.
By Application
Commercial segment holds dominant position in 2019
Competition Analysis
The key players profiled in the global green roof industry report include Axter Limited, Bauder Ltd, Green Roof Blocks, Optigrun International AG, Sempergreen Group, American Hydrotech Inc, Barrett Company, ArchiGreen Roof Ltd, Onduline Group SAS, and XeroFlor North America.
Major players in the green roof market adopted product launch, partnership, and acquisition as their key developmental strategies to expand their service portfolio. For instance, in August 2019, Barrett Company was acquired by Keen Family of Companies based in the U.S. The acquisition aimed to improve the portfolio of green roof and roofing system in the U.S.
By Region
Europe holds a dominant position in 2019 and Asia-Pacific is expected to grow at a highest rate during the forecast period.
Key Benefits For Stakeholders
- The report provides an extensive analysis of the current and emerging global green roof market trends and dynamics.
- In-depth green roof market analysis is conducted by market estimations for the key segments between 2019 and 2027.
- Extensive analysis of the market is conducted by following key product positioning and monitoring of top competitors within the market framework.
- A comprehensive analysis of all the countries is also provided in the green roof market report.
- The global green roof market forecast analysis from 2020 to 2027 is included in the report.
- The key market players within the green roof market are profiled in this report and their strategies are analyzed thoroughly, which help understand the competitive outlook of the industry.
Green Roof Market Report Highlights
| Aspects | Details |
 By OUTLOOK |
|
 By DISTRIBUTION CHANNEL |
|
 By APPLICATION |
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 By Region |
|
 Key Market Players | ARCHIGREEN ROOF LTD, BARRETT COMPANY, AMERICAN HYDROTECH INC, GREEN ROOF BLOCKS, ONDULINE GROUP SAS, XERO FLOR NORTH AMERICA, SEMPERGREEN GROUP, BAUDER LTD., OPTIGRUN INTERNATIONAL AG, AXTER LIMITED |
Analyst Review
Rising awareness about green roof systems globally is expected to fuel the growth of the green roof market. An increase in the residential & commercial construction sector is projected to drive the growth of the green roof market. Moreover, tax benefits offered by governments to private companies of green roof and wide adoption of green roof materials are anticipated to drive the market growth during the forecast period. For instance, the U.S. government provides $100 per square meter for building owners for installing green roof systems. Furthermore, increase in government spending on green roof systems is anticipated to cater to the growth of the green roof market. For instance, in September 2019, the Mexican government invested $1 million on installing green roof systems in Rwanda. However, lack of designing a layout and guidelines for installing green roof systems is anticipated to hinder the growth of the green roof market.
The key trending markets based on the application, in the global green roof market, the commercial segment.
The report for global green roof market doesn’t provides Value Chain Analysis, but if there is a requirement for the same, it could be added as an additional customization.
To get latest version of green roof market report can be obtained on demand from the website.
The global green roof market size was $1,451.3 million in 2019 and is projected to reach $4,192.0 million in 2027, growing at a CAGR of 15.6% from 2020 to 2027.
The forecast period considered for the green roof market is 2020 to 2027, wherein, 2019 is the base year, 2020 is the estimated year, and 2027 is the forecast year.
The top ten market players are selected based on two key attributes - competitive strength and market positioning
The base year considered in the global green roof market is 2019.
Based on the type in 2019, the extensive segment generated the highest revenue, accounting for 79.5% of the market, and is projected to grow at a CAGR of 15.3% from 2020 to 2027.
The report contains an exclusive company profile section, where leading 10 companies in the market are profiled. These profiles typically cover company overview, geographical presence, and market dominance (in terms of revenue and volume sales).
An increase in awareness about green roof systems among the European population and growth in standard of living is anticipated to drives the growth of the green roof market. Moreover, the government norms and regulations for installing a green roof system is expected to propel the growth of the green roof industry.
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