Global Green Roof Market Report and Forecast 2024-2032

Global Green Roof Market Outlook

The global green roof market attained a value of about USD 2.10 billion in 2023. The market is further expected to grow in the forecast period of 2024-2032 at a CAGR of 15% to reach nearly USD 7.42 billion by 2032.

Increasing Green Infrastructure in Urban Region Bolstering the Market Growth of Green Roof

The rapid development of green infrastructure in urban regions owing to rising pollution levels is augmenting the market growth. As various governments are increasingly promoting sustainability by the utilisation of biodegradable resources to combat rapid climate change, the demand for green roofs is surging, which is invigorating the market growth. For instance, the Indian government announced in December 2020 that it is planning to develop green cities in every state.

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The development of innovative and smart green roofs with automated maintenance and monitoring systems is anticipated to aid the market growth. The growing deployment of such roofs to enable efficient storm roofs management is also projected to propel the growth of the industry. Furthermore, the increasing research and development activities (R&D) to integrate photovoltaic cells in green roofs is estimated to contribute towards the market growth significantly. The rising trend of urban agriculture to increase the accessibility to organic and fresh products is also escalating the deployment of green roofs to utilise them for cultivation, which is projected to invigorate the market growth.

Green Roof: Market Segmentation

A green roof, variously known as a living roof, is a roof that is covered with vegetation to enhance the environmental friendliness of roofing. It also provides insulating properties to buildings while absorbing rainwater and managing storm roofs. The deployment of green roofing in buildings boosts energy-efficiency and thermal insulation to significantly reduce building temperature.

The major outlooks of green roofs are:

• Extensive
• Intensive

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The market can be broadly categorised on the basis of its distribution channels into:

• Online
• Offline

Based on application, the market is divided into:

• Residential
• Commercial
• Industrial

The EMR report looks into the regional markets of green roof like North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Rising Demand for Green and Sustainable Alternatives to Traditional Roofing to Invigorate the Industry Growth

The market for green roof is being aided by the growing awareness regarding rapid climate change, which is increasing the demand for greener and sustainable alternatives to traditional roofing. As green roofs enhance biodiversity while creating an optimal habitat for organisations, they are increasingly deployed in public buildings, hence bolstering the market growth. Moreover, the deployment of green roofs is increasing the energy-efficiency of buildings to boost sustainability.

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The insulating properties of green roofs make them ideal for lowering the temperature in enclosed spaces, thus propelling the market growth. In addition, they also contribute to lowering utility bills while reducing maintenance costs. This, in turn, is increasing its deployment in commercial buildings to enhance their durability, which is expected to drive the market growth. Furthermore, green roofs boost the aesthetic appeal of roofing, due to which they are increasingly preferred in buildings and spaces, thereby propelling the market growth.

Key Industry Players in the Global Green Roof Market

The report presents a detailed analysis of the following key players in the global green roof market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:

• Axter Limited
• Bauder Ltd.
• Green Roof Blocks LLC
• Optigrün international AG
• Sempergreen BV
• American Hydrotech, Inc.
• Archigreen Roof Ltd
• Others

The comprehensive report looks into the macro and micro aspects of the industry. The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.

Key Highlights of the Report

Green Roof Market Report Snapshots

Green Roof Market Size

Green Roof Market Growth

Green Roof Companies