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Global Green Roof Market to Grow at a CAGR of 15.1% During 2021-2026, Aided by the Increasing Trend of Sustainable Living

According to a new report by EMR titled, ‘Global Green Roof Market Report and Forecast 2021-2026’, the global market for green roof attained a value of about USD 1.38 billion in 2020. The industry is further expected to grow at a CAGR of 15.1% in the forecast period of 2021-2026 to reach a value of approximately USD 3.20 billion by 2026.

Europe holds a significant share of the green roof industry owing to the trend of sustainable living in the region. The development of organisations to accelerate the adoption of green roofs while raising awareness regarding the benefits of green roofs is augmenting the market growth. For instance, the European Federation of Green Roofing Living and Wall Associates aims to promote the deployment of green façade and roofs throughout Europe in order to enhance the quality of life is invigorating the growth of the market.

Moreover, the extensive use of green roofs in Scandinavian countries such as Denmark and Norway in large buildings to combat climate change is significantly contributing to the market growth. The cost-effectiveness of green roofs makes them ideal for deployment in the residential, commercial, and industrial sectors, which is also invigorating the market growth. Furthermore, the growing demand for modular green roofs to enable easy removal of the roof is expected to drive the market growth.

Some of the leading companies in the market are Sika AG (SWX: SIKA) and Optigrün international AG. The latter introduced its latest products, Optigrün Solar WRB and FKD, solar support systems in December 2020. The systems enable penetration-free roof mounting of photovoltaic modules in existing green roof systems. The solutions can also be utilised as a part of soft-landscaped blue roofs to provide discharge delay and storm management. They can be mounted in versatile solar modules and can be attached both vertically and horizontally. The development of such innovative products is increasing the deployment of green roofs, which is augmenting the market growth.

Market Analysis by Outlook, Distribution Channel, Application, and Region:

  • The market, on the basis of outlook, can be divided into intensive and extensive.
  • Based on distribution channel, the industry can be divided into online and offline.
  • The applications of green roof include industrial, commercial, and residential.
  • The regional markets for green roof include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

  • The rising concerns regarding rapid climate change are increasing the development of green infrastructure in urban areas, hence augmenting the market for green roof.
  • The development of smart green roofs that enables automated monitoring and maintenance of roofs while reducing maintenance costs is aiding the market growth.
  • The industry is being driven by the increasing research and development (R&D) activities to integrate solar panels into green roofs.
  • The growing demand for sustainable and green alternatives to traditional roofs to minimise greenhouse gas emissions owing to the rising concerns regarding rapid climate change is driving the growth of the green roof industry.
  • The increasing use of green roofs to enhance the energy-efficiency as well as the visual appeal of buildings is providing impetus to the market growth.

Key Offerings of the Report:

  • The EMR report gives an overview of the global market for green roof for the periods (2016-2020) and (2021-2026).
  • The report also offers the historical (2016-2020) and forecast (2021-2026) markets for the outlooks, distribution channels, applications, and major regions of green roof.
  • The report analyses the market dynamics, covering the key demand and price indicators in the market, along with an assessment of the SWOT and Porter’s Five Forces models.

The major players in the global green roof market are Axter Limited, Bauder Ltd., Green Roof Blocks LLC, Optigrün international AG, Sempergreen BV, American Hydrotech, Inc., and Archigreen Roof Ltd, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.

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