Global Green Roof Market Size By Green Roof, By Application, By Vegetation Type, By Geographic Scope And Forecast
Published Date: August - 2024 | Publisher: MIR | No of Pages: 320 | Industry: latest updates trending Report | Format: Report available in PDF / Excel Format
Global Green Roof Market Size By Green Roof, By Application, By Vegetation Type, By Geographic Scope And Forecast
Green Roof Market Size And Forecast
Green Roof Market size was valued at USD 11.3 Billion in 2023 and is projected to reach USD 28.1 Billion by 2030, growing at a CAGR of 12.7% during the forecast period 2024-2030.
Global Green Roof Market Drivers
The market drivers for the Green Roof Market can be influenced by various factors. These may include
Urbanization and Sustainable Development In order to lessen the negative environmental effects of urban areas, there is an increasing focus on sustainable development and green infrastructure as a result of the rapid urbanization process. Improved air quality, reduced heat island effect, and stormwater management are just a few of the environmental advantages of green roofs. As cities work to become more resilient and sustainable, there is a growing need for green roofs as a green building option.
Regulatory Support and Incentives To encourage the installation of green roofs, numerous states, local governments, and municipalities offer grants, incentives, and laws. Tax incentives, rebates, and other forms of financial assistance motivate developers and building owners to install green roofs. Green roof integration may also be mandated or encouraged by zoning laws and building rules for new construction and restoration projects, which would propel market expansion.
Environmental Awareness and Climate Change Mitigation The need for sustainable building methods and green infrastructure solutions is driven by growing environmental awareness as well as worries about climate change. Green roofs contribute to efforts to mitigate climate change by reducing energy use, mitigating the urban heat island effect, and sequestering carbon dioxide. The residential, commercial, and institutional sectors are adopting green roofs at an increasing rate as stakeholders place a higher priority on environmental sustainability.
Stormwater Management and Flood Prevention By absorbing and holding onto rainwater, green roofs help to control stormwater, which lessens the strain on drainage systems and lowers the risk of flooding. Green roofs provide a natural way to control rainfall, stop soil erosion, and enhance water quality as stormwater runoff and flooding become more of a problem for metropolitan areas. The market is growing in areas that frequently experience heavy rainfall and urban flooding due to the desire for green roofs as part of integrated water management measures.
Energy Efficiency and Building Performance By offering insulation, minimizing solar heat gain, and bringing down cooling expenses in structures, green roofs help buildings operate more efficiently. Green roofs assist building owners in reaching sustainability objectives and energy savings by improving building efficiency and lowering the requirement for mechanical cooling. Green roof usage is accelerating in both new construction and retrofit projects because to the increased emphasis on energy-efficient building design and green building certifications, such as LEED (Leadership in Energy and Environmental Design).
Aesthetic Appeal and Wellness Benefits In addition to bringing green spaces into urban settings and enhancing building aesthetics, green roofs also increase tenant quality of life. Numerous health and wellness advantages, such as reduced stress, enhanced mental health, and heightened productivity, have been associated with the availability of green spaces and biophilic design components. There is an increasing need for green roofs with recreational features and enhanced biodiversity as stakeholders place a higher priority on tenant well-being and urban greening activities.
Global Green Roof Market Restraints
Several factors can act as restraints or challenges for the Green Roof Market. These may include
High Initial Cost Compared to typical roofing systems, green roof installation and maintenance can be much more expensive, which puts off some prospective buyers.
Limited Awareness The expansion of the market may be hampered by customers’ and developers’ ignorance of the advantages of green roofs. It’s possible that many people are unaware of the idea or its long-term benefits.
Structural Limitations Green roofing alternatives may need to be completely excluded or require expensive changes if existing buildings are unable to handle the added weight of a green roof.
Regulatory Barriers It may be challenging for developers to incorporate green roofs into their buildings in some areas due to building codes and regulations that do not support their use.
Climate Restrictions The viability of green roofs in some regions may be limited by factors such as climate, which can make them difficult to install and maintain.
Maintenance Requirements To maintain the health and lifespan of green roofs, frequent maintenance is necessary. Some potential clients might be turned off by the continuing upkeep expenses and efforts.
Risk Perception Because of worries about leaks, plant survival, or other possible problems, certain stakeholders may view green roofs as hazardous investments and be reluctant to use this technology.
Longer ROI Period Compared to typical roofing systems, green roofs may take longer to realize a return on investment (ROI), which may put off prospective buyers seeking for faster returns.
Market Fragmentation There may be a lack of standardized products and processes in the green roof business, leading to ambiguity and reluctance among developers and users.
Competing Alternatives Green roofs may receive less attention and funding from alternative sustainable roofing technologies or solutions that promise comparable advantages at less prices.
Global Green Roof Market Segmentation Analysis
The Global Green Roof Market is Segmented on the basis of Type of Green Roof, Application, Vegetation Type, and Geography.
Green Roof Market, By Type of Green Roof
Extensive Green Roofs These are lightweight, low-maintenance green roofs typically featuring shallow soil depths and drought-tolerant vegetation. They are commonly used on residential and commercial buildings.
Intensive Green Roofs These are more elaborate green roofs with deeper soil profiles, allowing for a wider variety of plantings including trees and shrubs. Intensive green roofs require more maintenance and are often found on institutional or high-end residential buildings.
Green Roof Market, By Application
Residential Green roofs installed on single-family homes or multi-family residential buildings.
Commercial Green roofs implemented on commercial buildings such as offices, shopping centers, and hotels.
Industrial Green roofs installed on industrial facilities like factories and warehouses.
Green Roof Market, By Vegetation Type
Sedum & Succulents Green roofs featuring low-maintenance, drought-tolerant sedum and succulent plants, suitable for extensive green roof systems.
Native Grasses & Wildflowers Green roofs incorporating indigenous grasses and wildflowers to promote biodiversity and habitat creation.
Vegetable & Herb Gardens Intensive green roofs designed for food production, featuring vegetable gardens and herb beds.
Green Roof Market, By Geography
North AmericaMarket conditions and demand in the United States, Canada, and Mexico.
EuropeAnalysis of the GREEN ROOF MARKET in European countries.
Asia-PacificFocusing on countries like China, India, Japan, South Korea, and others.
Middle East and AfricaExamining market dynamics in the Middle East and African regions.
Latin AmericaCovering market trends and developments in countries across Latin America.
Key Players
The major players in the Green Roof Market are
Carlisle Corporation
Firestone Building Products (part of Bridgestone Americas)
Sika AG
CertainTeed (part of Saint-Gobain)
Johns Manville
ZinCo GmbH & Co. KG
Vegetal Roof Systems International Ltd.
SOPREMA Group
American Hydrotech
LiveRoof LLC
American Greenwall
Stone Environmental
Tremco Roofing and Building Maintenance
Grodan (part of Rockwool International A/S)
Terraponic
Report Scope
REPORT ATTRIBUTES
DETAILS
STUDY PERIOD
2020-2030
BASE YEAR
2023
FORECAST PERIOD
2024-2030
HISTORICAL PERIOD
2020-2022
UNIT
Value (USD Billion)
KEY COMPANIES PROFILED
Carlisle Corporation, Firestone Building Products (part of Bridgestone Americas), Sika AG, CertainTeed (part of Saint-Gobain), Johns Manville, Vegetal Roof Systems International Ltd., SOPREMA Group, American Hydrotech, LiveRoof LLC, Stone Environmental.
SEGMENTS COVERED
By Green Roof, By Application, By Vegetation Type, And By Geography.
CUSTOMIZATION SCOPE
Free report customization (equivalent to up to 4 analyst’s working days) with purchase. Addition or alteration to country, regional & segment scope.
Green Roof Market Infographic
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