Global Green Roof Market is valued approximately at USD 7.0 billion in 2018 and is anticipated to grow with a healthy growth rate of more than 17.13% over the forecast period 2019-2026.
A green roof also known as living roof, is a roof of a building that is completely or partially enclosed with vegetation and a growing medium, planted over a waterproofing membrane. A green roof may also contain additional layers such as a root barrier & drainage and irrigation systems. Green roofs offer numerous purposes for a building such as creating a habitat for wildlife, absorbing rainwater, increasing benevolence, providing insulation and many more. These roofs help in reducing global warming by lowering the temperature of the roof of the buildings, diminishing ambient temperature, and the emissions of greenhouse gases from air conditioning.
All these benefits of green-roofs are also observed by several governments which resulting in the development of accommodating policies for its adoption. Favorable governments support towards the adoption of green roofs and increasing construction of green buildings are few factor that is responsible for high CAGR of the market across the globe. For instance, in January 2017, San Francisco’s Better Roofs Ordinance, made San Francisco the first major U.S. city to support living roofs between 15% to 30% for most of the new constructions. Also, Denver supported a green roof initiative for newly built sites of area larger than 25,000 square feet. Moreover, increasing global warming is one of the major factor that would provide an opportunity for the growth of the market in the near future. However, high installation & maintenance cost is one of the major factors anticipated to hamper the growth of global Green Roof market during the forecast period.
The regional analysis of global Green Roof market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. Europe is the leading/significant region in terms of revenue and market share owing to presence of several policies and subsidiaries enforced by the regional government towards the installation of green roofs across the region. However, North America is expected to exhibit at high growth rate / CAGR over the forecast period of 2019-2026.
Major market player included in this report are:
- Green Roof Blocks
- Xero Flor
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
- Extensive Roofs
- Intensive Roofs
- North America
- Asia Pacific
- Latin America
- Rest of the World
Furthermore, years considered for the study are as follows:
- Historical year – 2016, 2017
- Base year – 2018
- Forecast period – 2019 to 2026
Target Audience of the Global Green Roof Market in Market Study:
- Key Consulting Companies & Advisors
- Large, medium-sized, and small enterprises
- Venture capitalists
- Value-Added Resellers (VARs)
- Third-party knowledge providers
- Investment bankers