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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
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.
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 Report Snapshots
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
In 2023, the market attained a value of approximately USD 2.10 billion.
The market is projected to grow at a CAGR of 15% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach about USD 7.42 billion by 2032.
The market is being aided by the development of green infrastructure in urban areas and the growing popularity of urban agriculture.
The key trends in the market are the growing awareness regarding rapid climate change, the increasing use of green roofs to enhance biodiversity, and the rising deployment of green roofs to boost the aesthetics of buildings.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The major outlooks of green roof in the market are extensive and intensive.
The significant distribution channels in the global green roof market are online and offline.
The various applications of green roof are residential, commercial, and industrial.
The major players in the market are Axter Limited, Bauder Ltd., Green Roof Blocks LLC, Optigrün international AG, Sempergreen BV, American Hydrotech, Inc., and Archigreen Roof Ltd, among others.
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