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The green-roofs market size is forecast to increase by USD 8.57 billion at a CAGR of 11.1% between 2024 and 2029.
The green-roofs industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD million" for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.
The residential segment is estimated to witness significant growth during the forecast period. Green-roofs, comprised of vegetation, substrates, and membranes, are increasingly adopted in both residential and commercial buildings for their environmental and functional benefits. These systems improve air quality by absorbing pollutants and releasing oxygen, while also enhancing roof safety and reducing stormwater runoff through effective drainage. Green-roofs can be installed on small to medium-sized residential properties, although they require higher initial investments compared to conventional roofs. However, their low maintenance costs and extended lifespan, which is often twice that of traditional roofs, make up for the initial expense. Residential buildings benefit from energy savings on air conditioning due to the cooling effect of green-roofs.
The process of evapotranspiration from plants and soil medium keeps the roof surface cooler than conventional roofs. In the commercial sector, green-roofs contribute to sustainable design and LEED certification, aligning with green building standards. They also offer additional advantages, such as biodiversity enhancement, urban farming, and public spaces. Green-roofs are not only aesthetically pleasing but also contribute to the building envelope, improving insulation and acoustics. Green infrastructure, such as green roofs, is gaining popularity due to its role in enhancing eco-friendly construction and reducing the carbon footprint of buildings. Green roof technology has evolved to include various substrates, membranes, and irrigation systems, catering to different roof types, such as extensive and intensive green roofs. The market is experiencing significant growth due to key drivers such as increasing government support for renewable energy and the push for decarbonization by companies.
Green roofs provide numerous benefits for industrial facilities, including stormwater management, temperature regulation, and noise reduction. Green roof education and consulting services are essential for ensuring proper installation, maintenance, and certification of these systems. Green roof grants and incentives are available from various organizations and governments to encourage the adoption of green roofs. In summary, green-roofs are a valuable investment for both residential and commercial buildings, offering environmental, functional, and financial benefits. They contribute to sustainable design, energy efficiency, and eco-friendly construction, making them an integral component of modern green infrastructure.
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The Residential segment was valued at USD 6.13 billion in 2019 and showed a gradual increase during the forecast period.
North America is estimated to contribute 36% to the growth of the global market during the forecast period. Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
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In North America, major cities like Chicago, Los Angeles, New York City, Mexico City, and the Washington-Baltimore metropolitan area face challenges such as the urban heat island effect and escalating stormwater runoffs. Green roofs have emerged as a solution to mitigate these issues. For instance, Mexico City has experienced the urban heat island effect since the 1970s, and New York City offers tax rebates to building owners for green roof installation to lower surface temperatures and reduce energy consumption. Toronto estimates that greening rooftops could decrease urban temperatures by 0.5-2 degrees Celsius, leading to substantial energy savings.
Notable installations of green roofs in the region include the California Academy of Sciences in San Francisco and Chicago City Hall. Green roofs are integral components of sustainable design, providing benefits such as air quality improvement, stormwater management, and biodiversity enhancement. They also contribute to energy efficiency, green roof ROI, and eco-friendly construction. Green roof technology encompasses various elements, including green roof substrates, irrigation systems, and membranes. Green roofs come in different types, such as intensive, extensive, and living roofs, catering to diverse applications, from residential buildings to industrial facilities and municipal projects. Urban farming, public spaces, and green roof incentives further fuel the adoption of green roofs. Green infrastructure and green roof design play a crucial role in creating a sustainable building envelope.
Our researchers analyzed the data with 2024 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
The green-roofs market forecasting report includes the adoption lifecycle of the market, covering from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the green-roofs market report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape
Companies are implementing various strategies, such as strategic alliances, green-roofs market forecast, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the industry.
Apex Green Roofs Inc. - The company specializes in designing and implementing eco-friendly roofing systems, including vegetative roofs, for both commercial and residential projects.
The industry research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key industry players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The green roofs market continues to gain momentum as businesses and governments recognize the numerous benefits these systems offer. Green roofs, also known as vegetative roofs or living roofs, provide a range of advantages, including air quality improvement, stormwater management, and energy efficiency. These systems can be implemented in various types of buildings, from residential to commercial, industrial, and municipal projects. One crucial aspect of green roofs is their installation. Proper green roof installation is essential for ensuring the longevity and effectiveness of the system. Green roof installation involves the use of specialized substrates, drainage systems, and insulation to create a suitable environment for vegetation growth. Tandem solar cells, bifacial solar panels, and transparent solar cells are emerging technologies.
Green roof plants, which can include a wide range of species, are carefully selected based on climate conditions and the specific goals of the project. Safety is another critical consideration in green roof design and installation. Green roof safety measures include ensuring proper accessibility for maintenance and installation, as well as the use of appropriate safety equipment. Green roof software and modules can aid in the planning and implementation of these systems, providing valuable insights into design, installation, and maintenance. Green roof certification programs, such as LEED certification, help to standardize the industry and promote best practices. These programs evaluate various aspects of green roof design and implementation, including sustainability, energy efficiency, and water management.
Green building standards, which often require the use of green roofs, further incentivize the adoption of these systems. Green roof technology continues to evolve, with advancements in areas such as irrigation, membranes, and acoustics. For example, green roof irrigation systems help to ensure adequate water supply for vegetation growth, while green roof membranes protect against leaks and water damage. Green roof materials, including those used for substrates and drainage systems, are also becoming more eco-friendly and sustainable. Green roofs offer numerous benefits, including improved air quality, stormwater management, energy efficiency, and biodiversity enhancement. These systems can also contribute to urban farming, public spaces, and industrial facilities, as well as serve as a valuable tool for green infrastructure and eco-friendly construction.
Green roof grants and incentives can help to offset the initial investment in these systems, making them an increasingly attractive option for businesses and governments. Green roof maintenance is essential for ensuring the long-term success of these systems. Regular maintenance, including irrigation, pruning, and pest control, can help to keep the vegetation healthy and thriving. Green roof consulting services can provide valuable expertise and guidance in the design, implementation, and maintenance of these systems. The green roof market is experiencing significant growth as businesses and governments recognize the numerous benefits these systems offer. Green roofs provide a range of advantages, including air quality improvement, stormwater management, and energy efficiency.
Proper design, installation, and maintenance are essential for ensuring the longevity and effectiveness of these systems. Green roof technology continues to evolve, with advancements in areas such as irrigation, membranes, and acoustics. Green roof certification programs and incentives further incentivize the adoption of these systems, making them an attractive option for businesses and governments seeking to reduce their environmental footprint and improve sustainability.
Market Scope |
|
Report Coverage |
Details |
Page number |
213 |
Base year |
2024 |
Historic period |
2019-2023 |
Forecast period |
2025-2029 |
Growth momentum & CAGR |
Accelerate at a CAGR of 11.1% |
Market growth 2025-2029 |
USD 8.57 billion |
Market structure |
Fragmented |
YoY growth 2024-2025(%) |
9.7 |
Key countries |
US, Germany, Canada, Japan, UK, Singapore, China, France, Mexico, and India |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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1 Executive Summary
2 Technavio Analysis
3 Market Landscape
4 Market Sizing
5 Historic Market Size
6 Qualitative Analysis
7 Five Forces Analysis
8 Market Segmentation by Application
9 Market Segmentation by Product
10 Market Segmentation by Type
11 Customer Landscape
12 Geographic Landscape
13 Drivers, Challenges, and Opportunity/Restraints
14 Competitive Landscape
15 Competitive Analysis
16 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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