PORTLAND, Ore., Feb. 2, 2021 /PRNewswire/ -- Allied Market Research recently published a report, titled, "Green Roof Market by Outlook (Extensive and Intensive), Distribution Channel (Online and Offline), and Application (Residential, Commercial, and Industrial): Global Opportunity Analysis and Industry Forecast, 2020–2027". As per the report, the global green roof industry generated $1.45 billion in 2019, and is projected to reach $4.19 billion by 2027, growing at a CAGR of 15.6% from 2020 to 2027.
Drivers, restraints, and opportunities
Increase in awareness regarding green roof systems, rise in the greenhouse effect, and growth in the residential construction sector drive the growth of the global green roof market. However, presence of substitutes and unfavorable climate conditions hamper the market growth. On the contrary, tax benefits offered by the government to private industries to install green roofs are expected to open lucrative opportunities for the market players in the future.
Download Sample PDF: https://www.alliedmarketresearch.com/request-sample/9147
- Due to the COVID-19 pandemic, government declared shut down of the production of various sizes of green roof systems to curb the spread of the infection.
- The halt in international trade, ceased construction projects, and disruption in the supply chain hampered the demand for green roof systems.
The intensive segment to manifest the highest CAGR through 2027
By type, the intensive segment is expected to register the highest CAGR of 17.0% during the forecast period, owing to rapid urbanization, increase in population, and rise in disposable income. However, the extensive segment held the lion's share in 2019, accounting for nearly four-fifths of the global green roof market, due to increase in commercial construction activities that led to high investments.
The commercial segment held the lion's share
By application, the commercial segment dominated the market in 2019, contributing to nearly two-thirds of the global green roof market, due to rise in commercial construction activities and increase in awareness about green roof systems. However, the industrial segment is projected to register the highest CAGR of 17.1% during the forecast period, owing to expansion of the manufacturing sector in emerging countries such as India, China, and Singapore.
Get detailed COVID-19 impact analysis on the Green Roof Market: https://www.alliedmarketresearch.com/request-for-customization/9147?reqfor=covid
Asia-Pacific to register the highest CAGR; North America would gain momentum
By region, the market across Asia-Pacific is anticipated to manifest the highest CAGR of 18.3% during the forecast period, due to rise in urbanization & industrialization in emerging countries such as India, Japan, and others. However, the global green roof market across Europe held the largest share in 2019, accounting for nearly two-fifths of the total revenue of the market, owing to increase in awareness about green roof systems among the European population and growth in standard of living. In addition, North America is expected to register a CAGR of 15.0% from 2020 to 2027.
Key market players
- Axter Limited
- Green Roof Blocks
- Bauder Ltd
- Sempergreen Group
- Optigrun International AG
- Barrett Company
- American Hydrotech Inc
- Onduline Group SAS
- ArchiGreen Roof Ltd
- XeroFlor North America
Interested in Procure Data? Visit: https://www.alliedmarketresearch.com/purchase-enquiry/9147
Access AVENUE- A Subscription-Based Library (Premium on-demand, subscription-based pricing model) at: https://www.alliedmarketresearch.com/library-access
Avenue is a user-based library of global market report database, provides comprehensive reports pertaining to the world's largest emerging markets. It further offers e-access to all the available industry reports just in a jiffy. By offering core business insights on the varied industries, economies, and end users worldwide, Avenue ensures that the registered members get an easy as well as single gateway to their all-inclusive requirements.
Avenue Library Subscription | Request for 14 days free trial of before buying:
Similar Reports We have:
Translucent Concrete Market: Global translucent concrete market is expected to reach $21,022.8 thousand in 2027, growing at a CAGR of 39.9% from 2020 to 2027
Roofing Market: Global roofing market is projected to reach $132,775.6 million by 2027, growing at a CAGR of 4.6% from 2020 to 2027.
Pre-Engineered Buildings Market: Global pre-engineered buildings market is expected to reach $37,807.3 million by 2026, growing at a CAGR of 14.5% from 2019 to 2026.
Smart Home Market and Smart Building Market: Global smart homes and buildings is projected to grow up to $35.3 billion by 2020, growing at a CAGR of 29.5% between 2013 and 2020.
Home Automation Market: Global Home Automation Market is significantly reach at $81,645 million by 2023, growing at a CAGR of 11.2% from 2017 to 2023.
Rooftop Solar Photovoltaic (PV) Installation Market: Gloabal Rooftop Solar Photovoltaic (PV) Installation Market expected to reach $64,671 million by 2023, registering a CAGR of 11.2% from 2017 to 2023.
Pre-Book Now with 10% Discount:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
5933 NE Win Sivers Drive
#205, Portland, OR 97220
Toll Free: 1-800-792-5285
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Follow us on: LinkedIn Twitter
SOURCE Allied Market Research