The new report by Expert Market Research titled, 'Global Green Roof Market Size, Share, Price, Trends, Report and Forecast 2020-2025′, gives an in-depth analysis of the global green roof market, assessing the market based on its segments like types, applications, and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analyzing the market based on the SWOT and Porter's Five Forces models.
Note 1: For a snapshot of the primary and secondary data of the market (2015-2025), along with business strategies and detailed market segmentation, please click on the request sample report. The sample report shall be delivered to you within 24 hours.
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The key highlights of the report include:
Market Overview (2015-2025)
- Historical Green Roof and Wall Market Size (2019): USD 8 billion
- Global Green Roof and Wall Market Forecast CAGR (2020-2025): 9.7%
- Global Green Roof and Wall Market Forecast Market Size (2025): USD 13.7 billion
With increased environmental awareness, there has been a surge in demand for greener methods and resources, which, in turn, is driving the global green roof market forward. The rising population levels have resulted in the deterioration of the environment due to the greenhouse effect. The bad air quality has forced several initiates on the part of governments of various countries to shift towards environment-friendly technologies, thus, aiding the global green roof market growth. The lump-sum grants provided by the government are expected to provide an impetus to the market growth. These factors have been driving the growth of the product and is likely to boost the market growth further.
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Industry Definition and Major Segments
A green roof refers to a continuous layer of vegetation and soil, covering the surface of a roof. The major components required to construct the product are waterproofing, soil, and plants. They have been instrumental in increasing the energy performance of buildings and in improving the health of urban watersheds and air quality.
By type, the market is divided as follows:
The extensive segment leads the market.
By applications, the industry is segmented into:
The commercial applications sector holds a majority market share.
The regional markets for the product are:
- Asia Pacific
- North America
- Latin America
- Middle East and Africa
Europe is the leading regional market for green roof.
Globally, several initiatives have been taken by governments as well as individuals, to reduce environmental degradation. Europe and the United States have councils that offer significant financial incentives to developers installing green roofs. Moreover, several private companies have brought in some of Europe's newest green roof designs, providing impetus to other regional markets. North America and the Asia Pacific are the fastest-growing markets in the industry. The gradual acceptance of green roofs in these regions have propelled the market growth. Moreover, the rising disposable incomes and increasing environmentally-friendly technologies are expected to drive the global green roof market forward.
Key Market Players
The major players in the market are Axter Limited, American Hydrotech, Inc., Columbia Green Technologies, Barrett Company (NASDAQ: BBSI), Bauder Ltd, ArchiGreen, and ZinCo Canada Inc., among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments, and mergers and acquisitions, among other latest developments of these market players.
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Note 2: As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.
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