USD 1.9 billion
Green Roof Market Size, Share, Growth Analysis, By Application(Commercial, residential), By Type(Extensive, Semi-Intensive) - Industry Forecast 2024-2031
Report ID:
SQMIG25G2007 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|
Tables:
63 |
Figures:
75
Green Roof Market Insights
Green Roof Market size was valued at USD 1.9 billion in 2022 and is poised to grow from USD 2.19 billion in 2023 to USD 5.89 billion by 2030, at a CAGR of 15.2% during the forecast period (2023-2030).
The global green roof market has witnessed steady growth due to increasing awareness of sustainability and urban greening. Green roofs, comprising vegetation and soil on building tops, offer benefits such as energy efficiency, stormwater management, and aesthetic enhancement.
Cities are adopting green roofs for environmental resilience and improved air quality. The market expansion is fueled by government incentives, eco-friendly construction trends, and the drive toward sustainable urban development.
As a result, industries related to green roof materials, installation, and maintenance are experiencing heightened demand and innovation to meet the evolving needs of urban landscapes.
US Green Roof Market is poised to grow at a sustainable CAGR for the next forecast year.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
Commercial
Fastest Growth
Commercial
Growth Rate
15.2% CAGR
Global Green roof market by region
Country Share for Europe (%)
Global Green roof market by application
Global Green roof market by application
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Green Roof Market Segmental Analysis
The global green roof market is segmented by type, application, and region. In terms of type, extensive green roofs, known for their low maintenance, dominate the market. Application-wise, commercial, residential, and industrial sectors are major adopters, driven by environmental benefits and energy efficiency. Geographically, North America and Europe lead due to supportive regulations, while Asia-Pacific showcases rapid growth.
Green Roof Market Analysis by Application
The commercial segment is often one of the largest in the green roof market due to the increasing number of commercial buildings being constructed or retrofitted with green roof systems. This is particularly prevalent in urban areas where companies are seeking to demonstrate their commitment to sustainability and environmental responsibility. Commercial properties often have larger rooftops, making them well-suited for green roof installations.
The residential segment has been witnessing rapid growth as homeowners become more environmentally conscious and seek ways to reduce their carbon footprint. Green roofs offer an appealing option for eco-friendly living in urban and suburban settings. As more homeowners embrace sustainable practices, the residential green roof market has been expanding steadily.
Green Roof Market Analysis by Type
Extensive Green roofs were likely the largest segment due to their relatively lower cost of installation and maintenance, along with their suitability for a wide range of buildings. They are particularly popular in urban areas where space and resources are limited. The emphasis on sustainability and stormwater management in urban planning has contributed to the growth of extensive green roofs.
While intensive green roofs require more investment, they offer unique benefits like larger plant diversity, recreational spaces, and potential for urban agriculture. As urban dwellers seek more green spaces and cities prioritize sustainability, the demand for intensive and semi-intensive green roofs may have been growing rapidly. These roofs can contribute to improving air quality, reducing the urban heat island effect, and providing spaces for relaxation.
Global Green roof market by application, 2023 (%)
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Green Roof Market Regional Insights
Germany has historically been one of the largest green roof markets, with extensive green roof installations across its cities. In North America, cities like Toronto and Chicago have taken the lead. China's rapid urbanization has also driven significant growth in the Asian green roof market.
China has been experiencing one of the fastest growth rates in the green roof market. The Chinese government's focus on sustainable urban development, coupled with rapid urbanization, has led to a surge in green roof installations. In North America, cities like Toronto and New York have been aggressively promoting green roofs through incentives and regulations, leading to notable growth. Additionally, some emerging markets in Southeast Asia have started to show interest in green roofs as they grapple with urbanization and environmental challenges.
Global Green roof market by geography, 2024-2031
- Largest
- Fastest
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Green Roof Market Dynamics
Green Roof Market Drivers
Rise of Urbanization
- Increasing environmental awareness and urbanization are propelling the global green roof market, as these systems enhance energy efficiency, air quality, and aesthetics while mitigating the urban heat island effect.
Green Roof Market Restraints
High Cost of Maintenance
- High installation and maintenance costs, coupled with structural limitations of existing buildings, can hinder the widespread adoption of green roofs, limiting their growth in the global market.
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Green Roof Market Competitive Landscape
The global green roof market features intense competition among key players vying for market share. Industry leaders such as Xero Flor America, Optigreen, Green Roof Blocks, and Sempergreen drive innovation through sustainable roofing solutions. Diverse product portfolios, eco-friendly technologies, and a focus on energy efficiency are central to their strategies. New entrants, driven by environmental concerns, are challenging the status quo. Market dynamics are further shaped by regulatory support for green infrastructure and urban sustainability. As urbanization accelerates, competition in the green roof market is poised to remain robust, fostering advancements in ecological construction practices and fostering sustainable urban development.
Green Roof Market Top Player’s Company Profiles
- Optigreen (Germany)
- ZinCo (Germany)
- Sempergreen (Netherlands)
- Green Roof Blocks (USA)
- LiveRoof (USA)
- Tournesol Siteworks (USA)
- Xero Flor America (USA)
- Bauder (UK)
- Soprema (France)
- Vegetal i.D. (France)
- Roofmeadow (USA)
- American Hydrotech (USA)
- Carlisle Construction Materials (USA)
- Bonar (Netherlands)
- Extensive Lightweight Roofs (UK)
- Rooflite (USA)
- GAF (USA)
- Firestone Building Products (USA)
- Vitaroofs (Germany)
- Elmich (Singapore)
Green Roof Market Recent Developments
- In March 2020, Green Roof Blocks manufactured roof garden modules and peaks providing simple solutions for green roof systems.
Green Roof Key Market Trends
- In recent years, the global green roof market has witnessed significant developments driven by increasing environmental awareness and urbanization challenges. Innovative technologies and design approaches have led to improved green roof systems, enhancing energy efficiency, reducing urban heat island effect, and promoting biodiversity in urban areas. Collaborative efforts between governments, architects, and construction firms have led to favorable policies and incentives, further boosting market growth. Additionally, integration of smart irrigation systems and modular designs has facilitated easier installation and maintenance. As a result, the green roof market continues to expand, offering sustainable solutions for urban landscapes worldwide.
Green Roof Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Product types team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to our analysis, the global green roof market is poised for substantial growth as urbanization intensifies and environmental concerns rise. Green roofs, with their energy efficiency, stormwater management, and aesthetic benefits, align with sustainable development goals. Technological advancements, increased awareness of ecological benefits, and supportive policies are likely to drive adoption. Additionally, their role in reducing urban heat island effects and enhancing biodiversity amplifies their appeal. As cities prioritize eco-friendly infrastructure, the green roof market holds promise for expansion, attracting investments, innovation, and widespread implementation for a greener, more resilient urban future.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 1.9 billion |
| Market size value in 2031 | USD 5.89 billion |
| Growth Rate | 15.2% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Green Roof Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Green Roof Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Green Roof Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Green Roof Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Green Roof Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Green Roof Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Green Roof Market Report Snapshots
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