Green-Roofs Market by Application, Product, and Geography - Forecast and Analysis 2023-2027

Green-Roofs Market Forecast 2023-2027

The green-roofs market is estimated to grow by USD 8.10 billion at a CAGR of 12.18% between 2022 and 2027. Market expansion is contingent on various factors, notably the mitigation of global warming through green roofs, enhanced management of rainwater runoff, and supportive policy frameworks. Green roofs, by absorbing and reducing heat absorption, play a crucial role in combating climate change. They also aid in managing rainwater runoff, mitigating urban flooding, and enhancing water quality. Furthermore, supportive policies and regulations promote the adoption of green roof technologies, driving market growth. As urbanization intensifies and environmental concerns escalate, the demand is expected to rise. This presents opportunities for innovation and investment in green infrastructure, fostering sustainable urban development and environmental stewardship. 

It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report consists of historic market data from 2017 to 2021.

What will be the size of the Market During the Forecast Period?

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Market Segmentation

This report extensively covers market segmentation by application (residential, commercial, and industrial), product (extensive and intensive), and geography (Europe, North America, APAC, South America, and Middle East and Africa).

By Application

The market share growth by the residential segment will be significant during the forecast period. Living roofs, also known as green roofs or vegetated roofs, are increasingly being adopted in the residential sector, particularly for small to medium-sized properties. These systems consist of a protective layer, a planting medium, and vegetation, often including local authorities' encouragement due to their numerous benefits. Living roofs offer low maintenance facilities, as they require minimal upkeep compared to traditional roofs.

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The residential segment was valued at USD 5.21 billion in 2017. Their lifespan is typically twice that of conventional roofs, reducing repair and replacement costs. Moreover, they act as natural insulators, leading to energy savings on air conditioning. Modular systems and recycled materials are often used in living roofs, contributing to operational efficiency and environmental sustainability. Rainwater collection and stormwater management are additional advantages, especially in urban areas experiencing rapid urbanization. Regulatory support and strategic initiatives from urban planners play a crucial role in product adoption.

Training sessions for professional maintenance are essential to ensure the longevity and optimal performance of living roofs. Living roofs can be found on various structures, including residential buildings, schools, shopping malls, and even rooftop farms. They provide noise pollution reduction, contribute to urban planning, and can even serve as parks or urban farms. Technological advancements in roofing membranes, solar photovoltaic systems, and vegetated roof technology continue to enhance their benefits. In summary, living roofs offer numerous advantages, including low maintenance, extended lifespan, energy savings, and environmental benefits. Their adoption is driven by regulatory support, strategic initiatives, and technological advancements, making them an attractive option for various structures in urban areas. Thus, such mandating of these in the residential segment in some developed countries will spur the growth of the global market through the residential segment during the forecast period.

By Region

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North America is estimated to contribute 33% to the growth of the global market during the forecast period. Another region offering significant growth opportunities to companies is Europe. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

The European market for living roofs and living roof systems is the largest in the global industry, driven by local authorities' initiatives to address urban challenges such as the urban heat island effect, stormwater runoff, and noise pollution in megacities like Moscow, London, Paris, Berlin, and the Rhine-Ruhr metropolitan area. These cities are adoptingthese as natural insulators and low-maintenance facilities to enhance operational efficiency in residential buildings, schools, shopping malls, and complexes. Living roofs, made up of a planting medium, protective layer, and roofing membranes, offer numerous benefits, including acting as rainwater collectors, reducing stormwater runoff, and providing a protective layer against extreme weather conditions. Rapid urbanization and the need for sustainable solutions have led to the adoption of modular systems and technological advancements in the industry. Regulatory support and strategic initiatives from urban planners and professionals are crucial for the market's growth. They can include vegetated roofs, urban farms, rooftop farms, and even solar photovoltaic systems, offer a solution to traditional green spaces, and contribute to improving the standard of living in densely populated areas. Training sessions and the use of recycled materials are also essential aspects of the industry's development.

Market Dynamics and Customer Landscape

In the residential construction sector, the adoption of green roofs, specifically living roof systems, has gained significant traction due to the increasing population and the standard of living. These systems, which include a waterproofing membrane and protective layer, offer numerous benefits. Solar photovoltaic systems integrated into these provide energy efficiency, reducing reliance on traditional power sources. In densely populated cities, they address environmental concerns by mitigating climate change effects, reducing heat island temperatures, and managing rainwater and stormwater. Local authorities encourage sustainable urban development through green building practices and technological advancements, such as modular systems and improved waterproofing. They also contribute to employee health by reducing noise pollution. Overall, the green roof market continues to grow, driven by the need for energy-efficient, eco-friendly solutions in the face of industrialization and urbanization. Our researchers analyzed the data with 2022 as the base year and the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.

Key Market Driver

The reduction in global warming due to green roofs is notably driving market growth. The market, which involve the cultivation of vegetation atop structures, has gained significant traction due to their ability to mitigate urban heat islands. These roofs function by reducing temperatures on buildings and subsequently decreasing ambient temperatures. This temperature control effect contributes to the reduction of greenhouse gas emissions from air conditioning. They consist of a waterproofing membrane to ensure proper insulation and support the growth of vegetation. Zoning regulations in various urban areas mandate the implementation of these in new constructions to promote energy efficiency and sustainability. Hence, these factors will boost the global market growth during the forecast period.

Significant Market Trend

The integration of green-roof and solar photovoltaic systems is an emerging trend in the market growth. The Green-Roofs market encompasses the integration of vegetation and solar photovoltaic arrays. This innovative approach combines the benefits of waterproofing membranes, supporting vegetation growth, and renewable energy production. Zoning regulations often encourage such sustainable building practices, which minimize greenhouse gas emissions and promote sustainable development. The vegetation layer not only enhances aesthetics but also provides cooling and shading effects. Solar photovoltaic systems, integrated into these roofs, protect the vegetation from excessive sunlight and ensure water retention. In turn, the vegetation contributes to the efficiency of the photovoltaic panels by reducing their temperature and increasing their lifespan. Thus, such factors will spur the growth of the market during the forecast period.

Major Market Challenge

The increased initial costs and long payback periods are major challenges impeding market growth. The green roof market involves the installation of vegetation atop buildings, replacing traditional roofs. While the initial investment is typically three times higher due to the waterproofing membrane and vegetation layer, long-term savings are realized through energy efficiency and extended roof lifespan. However, economies of scale have yet to be achieved in some regions, leading to high installation costs. Zoning regulations may also impact the decision to invest, as the payback period is estimated to be approximately 40 years. Thus, such factors are likely to impede the growth of the global market during the forecast period.

Key Market Customer Landscape

The 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 report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.

Global Market Customer Landscape

Who are the Major Green-Roofs Market Companies?

Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

Apex Green Roofs Inc. -The company focuses on providing roofing, siding, and sheet metal services and installation. The key offerings of the company include green roof solutions. 

The report also includes detailed analyses of the competitive landscape of the market and information about 15 market companies, including:

• Axter Ltd.
• Bauder Ltd.
• Bender GmbH and Co. KG
• Columbia Green Technologies
• Intrinsic Landscaping Inc.
• LiveRoof LLC
• Onduline Group SAS
• Optigrun international AG
• RENOLIT SE
• Sempergreen BV
• Sika AG
• Sky Garden Ltd.
• Skyland USA
• SKYSPACE Green Roofs
• SOPREMA SAS

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 market 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, robust, tentative, and weak.

Segment Overview

The report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027. 

• Application Outlook 
  • Residential
  • Commercial
  • Industrial

• Product Outlook 
  • Extensive
  • Intensive

• Region Outlook
  • North America
    • The U.S.
    • Canada
  • Europe
    • The U.K.
    • Germany
    • France
    • Rest of Europe
  • APAC
    • China
    • India
  • Middle East & Africa
    • Saudi Arabia
    • South Africa
    • Rest of the Middle East & Africa
  • South America
    • Chile
    • Brazil
    • Argentina

Market Analyst Overview

In the contemporary built environment, the concept of green roofs has gained significant traction as a sustainable solution for urban development. They are also known as vegetated roofs, are an essential component of Architecture, and are increasingly being adopted in Cities like Boston, Roofs, and Carbon. These structures are composed of various layers, including a waterproof membrane, drainage system, growing medium, and vegetation. The Green-Roofs market is driven by several factors, including the need for energy efficiency, stormwater management, and urban heat island mitigation.

Their use in commercial and residential buildings can lead to substantial energy savings, as they help regulate indoor temperatures and reduce the need for air conditioning. Moreover, they contribute to the reduction of carbon footprint by absorbing carbon dioxide and releasing oxygen. The market is expected to grow significantly in the coming years, with key players focusing on innovation and product development. The use of advanced technologies, such as modular green roof systems and green roof membranes, is expected to drive the growth of the market.

Additionally, the increasing awareness of the environmental benefits and government incentives for their adoption is expected to further fuel market growth. In conclusion, the Green-Roofs market is a dynamic and growing industry, driven by the need for sustainable urban development and the desire to mitigate the negative impacts of urbanization. Their use offers numerous benefits, including energy efficiency, stormwater management, and urban heat island mitigation, making them an essential component of modern architecture.

Market Scope
Report Coverage	Details
Page number	159
Base year	2022
Historic period	2017-2021
Forecast period	2023-2027
Growth momentum & CAGR	Accelerate at a CAGR of 12.18%
Market growth 2023-2027	USD 8.10 billion
Market structure	Fragmented
YoY growth 2022-2023(%)	8.67
Regional analysis	Europe, North America, APAC, South America, and Middle East and Africa
Performing market contribution	North America at 33%
Key countries	US, Canada, Japan, Singapore, and Germany
Competitive landscape	Leading companies, Market Positioning of companies, Competitive Strategies, and Industry Risks
Key companies profiled	Apex Green Roofs Inc., Axter Ltd., Bauder Ltd., Bender GmbH and Co. KG, Columbia Green Technologies, ecospaces LLC, Intrinsic Landscaping Inc., LiveRoof LLC, Onduline Group SAS, Optigrun international AG, RENOLIT SE, Sempergreen BV, Sika AG, Sky Garden Ltd., Skyland USA, SKYSPACE Green Roofs, SOPREMA SAS, Vegetal i.D. Inc., Vitaroofs International Inc., and ZinCo GmbH
Market dynamics	Parent market analysis, Market Forecasting, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period.
Customization purview	If our market report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Market Research Report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the market growth and forecasting of the market between 2023 and 2027
• Precise estimation of the size of the market size and its contribution to the parent market
• Accurate predictions about upcoming market trends and analysis and changes in consumer behavior
• Growth of the market industry across Europe, North America, APAC, South America, and Middle East and Africa
• Thorough market growth analysis of the market’s competitive landscape and detailed information about companies
• Comprehensive market analysis and report on the factors that will challenge the market research and growth of market companies

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