Press release
Green Roof Market Research Analysis 2024-2033 | Growth, Size, Demand, Analysis, Insights
Green Roof Market
Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the industry. This report market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.
Market Sizing:
The green roof market size has grown rapidly in recent years. It will grow from $1.8 billion in 2023 to $2.11 billion in 2024 at a compound annual growth rate (CAGR) of 17.4%. The growth in the historic period can be attributed to environmental awareness:, regulatory support, urbanization trends, building codes and standards, energy efficiency concerns.
The green roof market size is expected to see rapid growth in the next few years. It will grow to $3.9 billion in 2028 at a compound annual growth rate (CAGR) of 16.5%. The growth in the forecast period can be attributed to climate change mitigation, urban planning policies, rising energy costs, health and wellness trends, global sustainability goals. Major trends in the forecast period include technological advancements, biodiversity and habitat creation, energy efficiency and insulation, collaboration in the industry, government incentives and regulations.
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Key Market Players:
Major companies operating in the green roof market report are Sika AG, ArchiGreen Roof Ltd., Axter Ltd., Barrett Company LLC, Columbia Green Technologies, Bauder Flat Roofs Limited, Optigreen International AG, Green Roof Blocks LLC, Sempergreen BV, XeroFlor North America LLC, ZinCo GmbH, Soprema SAS, Onduline Group, Geo Green Power Limited, Q-BOT Ltd., Open Utility Ltd., Sunvigo GmbH, Dow Chemicals International Private Limited, Plant-e BV, ICAX Ltd., Bürgerwerke eG, Alchemy Geopolymer Solutions, Optigrun International, Green Roof Outfitters, Tremco Inc., Bioroof Systems Inc., Vitaroofs, Tajima Industries Ltd., Liveroof LLC, Roofing Superstore Inc., Eco Green Roofs Ltd., Christian Mahlstedt BA
Market Drivers:
An increase in the construction of industrial, commercial, and residential buildings is expected to propel the growth of the green roof market going forward. The construction of industrial, commercial, and residential buildings refers to a business that is engaged in the design, development, and construction of buildings using construction materials. Rising construction can promote heat generation and air pollution, which can be controlled by the installation of green roofs on top. For instance, in June 2021, according to a report published by Canada's national statistical agency, the investment in building construction increased from $14294 million in April 2019 to $19273 million in 2020. Furthermore, in the 2022 U.S. Construction Cost Trends report, in the U.S., there is a rise in residential construction which will continue to drive up demand for materials and labor, escalating competition and cost pressures. In the U.S., total construction spending has increased by 16% since the pandemic's onset. Therefore, increasing demand for construction & infrastructure developments will drive the green roof market.
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https://www.thebusinessresearchcompany.com/report/green-roof-global-market-report
The green roof market covered in this report is segmented -
1) By Type: Extensive, Intensive
2) By Distribution Channel: Online, Offline
3) By Application: Residential, Commercial, Industrial
The report answers the following questions:
What are the primary factors propelling the market during the projected period?
In which region is the most substantial growth expected?
Which trend will take center stage in the upcoming period?
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