Green Roof Market Expected To Grow With 16.8% Upto 2027

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The latest market report published by Acute Market Reports “Global Green Roof Market: Growth, Future Prospects, and Competitive Analysis, 2019 – 2027” the global green roof market was US$ 7.1 Bn in 2018 and expected to progress with CAGR of 16.8% from 2019 to 2027, reaching US$ 28.7 Bn in 2027.

Market Insights

Government promotion for a green roof, driving the market growth

Rooftops covered with grass, vegetable gardens, and lush foliage are now a common sight in many cities around the world. More and more private companies and city authorities are investing in green roofs, drawn to their wide-ranging benefits, which include savings on energy costs, mitigating the risk from floods, creating habitats for urban wildlife, tackling air pollution and urban heat, and even producing food. 

An eco-friendly green roof primarily consists of a vegetation layer, which includes trees, plants, and shrubs. The major benefits of an eco-friendly green roof is reducing energy, greenhouse gas emissions, enhancing stormwater management, and decreasing heat by regulating the temperature for the roof and the surrounding areas.

Furthermore, there are growing infrastructure development activities in China, India, and other ASEAN countries such as Singapore. In addition, these Asian countries showing tremendous growth in the expansion of their manufacturing sector. Also, strong support from the government of these countries offering significant opportunities to manufacturers of eco-friendly green roofs. Companies across the globe are investing considerably in eco-friendly green roof technology, due to stringent rules and regulations enacted by governments for the reduction of greenhouse gasses. 

Browse the full report at https://www.acutemarketreports.com/report/green-roof-market

The overall green Roof market is competitive in nature and it is growing at a moderate rate. The market players are adopting strategies such as launching innovative & new products, agreements, partnership & collaboration, and investment in R&D to stay competitive in the market.

Industrial Developments

• In September 2019, Sempergreen introduced a green roof for bus stops. The Dutch city of Wageningen has chosen to make the entire bus station more sustainable. The combination of green roofs with solar panels and a new LED screen ensures that the bus station is now fully self-sufficient.

Key Market Movements:

• Based on the roof type, an extensive segment captured the largest share in 2018. However, intensive green roof expected to show good growth during the forecasted period.

• Based on the end-user, the commercial segment expected to show strong growth from 2019 to 2027.

• Based on region, Europe was the largest regional green roof market in 2018. On the other hand, North America expected to drive market growth with the highest CAGR of 20.4% from 2019 to 2027.

List of Companies Covered:

• Optigreen
• 3Green Roof Blocks
• Axter
• Hannor
• Bauder
• ZinCo
• Soprema
• Xero Flor
• Bender
• Sempergreen
• Others

The Global Green Roof Market is Segmented into:

ATTRIBUTE DETAILS
Research Period  2017-2027
Base Year 2018
Forecast Period  2019-2027
Historical Year  2017
Unit  US$ Billion
Segmentation

 Roof Type Segment (2017-2027; US$ Bn)

 End-user Segment (2017-2027; US$ Bn)

 Geography Segment (2017–2027; US$ Bn)

*Complete segmentation list is on the report page

 

Key questions answered in this report

  • What are the current market trends and dynamics in the green roof research market and valuable opportunities for emerging players?
  • Estimated forecast and market projections up to 2029
  • Which segment accounts for the fastest CAGR during the forecast period?
  • Which is the largest regional market for green roof research?
  • What is the market trend and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
  • The worldwide market value of the green roof research market in 2019 and 2020
  • Which are the key trends driving the global green roof research market growth?
  • Who are the leading service providers in the green roof research market worldwide?

About Acute Market Reports

Acute Market Reports is a worldwide market research and counseling firm that serves driving organizations, governments, non-legislative associations, and not-for-benefits. We offer our customers some assistance with making enduring enhancements to their execution and understand their most imperative objectives.

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