Green-Roofs Market to grow by USD 8,106.69 million from 2022 to 2027|Reduction in global warming due to green roofs drives the market - Technavio

NEW YORK, July 19, 2023 /PRNewswire/ -- The green-roofs market is estimated to grow by USD 8,106.69 million from 2022 to 2027, growing at a CAGR of 12.18%. North America is estimated to contribute 33% of the global market during the forecast period. Europe, being the largest geographical segment of the global market in 2022, is expected to maintain its leading position throughout the forecast period. The region boasts four megacities, namely Moscow, London, Paris, and Berlin, along with the Rhine-Ruhr metropolitan area. These urban centers face challenges related to the urban heat island effect and stormwater runoffs, which can be addressed by implementing green roofs. Green roofs have shown effectiveness in reducing pollution in Tirana, Albania. In Germany, green roofs are prevalent due to the presence of institutions and guidelines for their installation. An example is the formation of the Bundesverband GebaudeGrun (BuGG), a federal-level organization dedicated to green building development, through the merger of DDV and Fachvereinigung Bauwerksbegrunung (FBB) in 2018. These factors contribute to the growth potential of the regional market in the forecast period. For Comprehensive details on the market size of historic period(2017 to 2021) and forecast period (2023-2027) - View the Sample report

Key Developments:

• Rapid advances in technology, intense competition, and changing dynamics in the market are the key factors for the intense competition among vendors.
• With the rising competition, the market will see consolidation. However, manufacturing complexities and high production costs pose significant risk factors for vendors in the market.

Market Dynamics

Major Drivers & Challenges-

The reduction in global warming due to green roofs is a significant factor driving green roofs market growth. Green roofs, also known as rooftop gardens, contribute to temperature control by reducing heat buildup on roofs and mitigating the urban heat island effect. By adding vegetation to rooftops, green roofs absorb solar radiation, which helps lower ambient temperatures and reduces the need for air conditioning, consequently reducing greenhouse gas emissions. The lack of lakes and trees in urban areas contributes to higher temperatures, making the implementation of green roofs crucial for combating this effect. Governments recognize these benefits and have implemented supportive policies to encourage the adoption of green roofs in both commercial and residential buildings. As a result, the demand for green roofs is increasing, driving the growth of the global market during the forecast period.

The increased initial costs and long payback periods are major challenges hindering market growth. Although green roofs offer long-term cost savings, the initial installation costs can be significantly higher compared to conventional roofs, often reaching up to three times the cost. This upfront expense may deter some builders and result in decreased demand for green roofs in certain countries, limiting economies of scale for vendors. The payback period for green roofs is estimated to be as long as 40 years, posing a significant disadvantage for builders seeking a shorter return on investment. In some cases, tenants bear the costs through increased rents, which can reduce occupancy rates and hinder building utilization. Mandating green roofs in cities focused on affordable housing can also lead to higher rents, impeding the achievement of housing affordability goals set by municipal corporations. Consequently, these factors may act as barriers to the growth of the global market during the forecast period.

Key Trends-

The integration of green-roof and solar photovoltaic systems is an emerging trend supporting market growth. The integration of green roofs and solar photovoltaic systems aims to promote sustainability and reduce greenhouse gas emissions in buildings. This integration offers enhanced functions and effectiveness by providing cooling and shading effects. Photovoltaic panels offer protection to plants from excessive sunlight and minimize water evaporation, promoting plant growth. Additionally, the evapotranspiration of green-roof plants helps in cooling, thereby increasing the efficiency of photovoltaic panels. European countries such as Germany, Switzerland, and Austria have already begun implementing these integrated roofs. Although the installation process can be complex, vendors like ZinCo and Bauder offer green roofs with integrated solar photovoltaic systems. As a result, these factors will drive the growth of the global eco-friendly green roofs market during the forecast period.

Technavio has identified key trends, drivers, and challenges in the market, which will help clients improve their strategies to stay ahead of their competitors. - View Sample Report

Vendor Landscape
The green-roofs market is fragmented; the vendors are competing with competitors and are trying to get greater market share. The market is growing, and the chances of new entrants cannot be overlooked. The major vendors have well-established economies of scale and market presence and generally rely on positioning technological advances, and the price of the products -The report provides a full list of key vendors, their strategies, and the latest developments. Buy Now
Company Profiles

The green-roofs market report includes information on the product launches, sustainability, and prospects of leading vendors including Apex Green Roofs Inc., Axter Ltd., Bauder Ltd., Bender GmbH and Co. KG, Columbia Green Technologies, eco spaces 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.

Competitive Analysis

The report includes competitive analysis, a proprietary tool to analyze and evaluate the position of companies based on their industry position score and market performance score. The competitive scenario categorizes companies based on various performance indicators. Some of the factors considered include the financial performance of companies over the past few years, growth strategies, product innovations, new product launches, investments, and growth in market share, among others.

 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 the Middle East and Africa). 

• The market share growth by the residential segment will be significant during the forecast period. Green roofs are increasingly being adopted in residential buildings due to their low maintenance costs and extended lifespan compared to conventional roofs. These roofs facilitate evapotranspiration, which helps in maintaining cooler roof surfaces. Additionally, green roofs offer energy savings on air conditioning, making them an attractive option for residential buildings. While there may be limited incentives for individuals to invest in green roofs, builders and construction companies can provide them as an appealing feature to residents who are willing to invest in their properties. The mandate of green roofs in the residential segment in certain developed countries will drive the growth of the global market in the residential segment throughout the forecast period.

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Table of contents 

1 Executive Summary

• 1.1 Market overview 
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Application
• Exhibit 06: Executive Summary – Chart on Market Segmentation by Product
• Exhibit 07: Executive Summary – Chart on Incremental Growth
• Exhibit 08: Executive Summary – Data Table on Incremental Growth
• Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem 
• Exhibit 10: Parent market
• Exhibit 11: Market Characteristics

3 Market Sizing

• 3.1 Market definition 
• Exhibit 12: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 13: Market segments

• 3.3 Market size 2022 

• 3.4 Market outlook: Forecast for 2022-2027
• Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
• Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

• 4.1 Global green-roofs market 2017 - 2021
• Exhibit 18: Historic Market Size – Data Table on Global green-roofs market 2017 - 2021 ($ million)

• 4.2 Applicaton Segment Analysis 2017 - 2021
• Exhibit 19: Historic Market Size – Applicaton Segment 2017 - 2021 ($ million)

• 4.3 Product Segment Analysis 2017 - 2021
• Exhibit 20: Historic Market Size – Product Segment 2017 - 2021 ($ million)

• 4.4 Geography Segment Analysis 2017 - 2021
• Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)

• 4.5 Country Segment Analysis 2017 - 2021
• Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)

5 Five Forces Analysis

• 5.1 Five forces summary 
• Exhibit 23: Five forces analysis - Comparison between 2022 and 2027

• 5.2 Bargaining power of buyers 
• Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

• 5.3 Bargaining power of suppliers 
• Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

• 5.4 Threat of new entrants 
• Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027

• 5.5 Threat of substitutes 
• Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027

• 5.6 Threat of rivalry 
• Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027

• 5.7 Market condition 
• Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by Application

• 6.1 Market segments 
• Exhibit 30: Chart on Application - Market share 2022-2027 (%)
• Exhibit 31: Data Table on Application - Market share 2022-2027 (%)

• 6.2 Comparison by Application 
• Exhibit 32: Chart on Comparison by Application
• Exhibit 33: Data Table on Comparison by Application

• 6.3 Residential - Market size and forecast 2022-2027
• Exhibit 34: Chart on Residential - Market size and forecast 2022-2027 ($ million)
• Exhibit 35: Data Table on Residential - Market size and forecast 2022-2027 ($ million)
• Exhibit 36: Chart on Residential - Year-over-year growth 2022-2027 (%)
• Exhibit 37: Data Table on Residential - Year-over-year growth 2022-2027 (%)

• 6.4 Commercial - Market size and forecast 2022-2027
• Exhibit 38: Chart on Commercial - Market size and forecast 2022-2027 ($ million)
• Exhibit 39: Data Table on Commercial - Market size and forecast 2022-2027 ($ million)
• Exhibit 40: Chart on Commercial - Year-over-year growth 2022-2027 (%)
• Exhibit 41: Data Table on Commercial - Year-over-year growth 2022-2027 (%)

• 6.5 Industrial - Market size and forecast 2022-2027
• Exhibit 42: Chart on Industrial - Market size and forecast 2022-2027 ($ million)
• Exhibit 43: Data Table on Industrial - Market size and forecast 2022-2027 ($ million)
• Exhibit 44: Chart on Industrial - Year-over-year growth 2022-2027 (%)
• Exhibit 45: Data Table on Industrial - Year-over-year growth 2022-2027 (%)

• 6.6 Market opportunity by Application 
• Exhibit 46: Market opportunity by Application ($ million)

7 Market Segmentation by Product

• 7.1 Market segments 
• Exhibit 47: Chart on Product - Market share 2022-2027 (%)
• Exhibit 48: Data Table on Product - Market share 2022-2027 (%)

• 7.2 Comparison by Product 
• Exhibit 49: Chart on Comparison by Product
• Exhibit 50: Data Table on Comparison by Product

• 7.3 Extensive - Market size and forecast 2022-2027
• Exhibit 51: Chart on Extensive - Market size and forecast 2022-2027 ($ million)
• Exhibit 52: Data Table on Extensive - Market size and forecast 2022-2027 ($ million)
• Exhibit 53: Chart on Extensive - Year-over-year growth 2022-2027 (%)
• Exhibit 54: Data Table on Extensive - Year-over-year growth 2022-2027 (%)

• 7.4 Intensive - Market size and forecast 2022-2027
• Exhibit 55: Chart on Intensive - Market size and forecast 2022-2027 ($ million)
• Exhibit 56: Data Table on Intensive - Market size and forecast 2022-2027 ($ million)
• Exhibit 57: Chart on Intensive - Year-over-year growth 2022-2027 (%)
• Exhibit 58: Data Table on Intensive - Year-over-year growth 2022-2027 (%)

• 7.5 Market opportunity by Product 
• Exhibit 59: Market opportunity by Product ($ million)

8 Customer Landscape

• 8.1 Customer landscape overview 
• Exhibit 60: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

• 9.1 Geographic segmentation 
• Exhibit 61: Chart on Market share by geography 2022-2027 (%)
• Exhibit 62: Data Table on Market share by geography 2022-2027 (%)

• 9.2 Geographic comparison 
• Exhibit 63: Chart on Geographic comparison
• Exhibit 64: Data Table on Geographic comparison

• 9.3 Europe - Market size and forecast 2022-2027
• Exhibit 65: Chart on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 66: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 67: Chart on Europe - Year-over-year growth 2022-2027 (%)
• Exhibit 68: Data Table on Europe - Year-over-year growth 2022-2027 (%)

• 9.4 North America - Market size and forecast 2022-2027
• Exhibit 69: Chart on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 70: Data Table on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 71: Chart on North America - Year-over-year growth 2022-2027 (%)
• Exhibit 72: Data Table on North America - Year-over-year growth 2022-2027 (%)

• 9.5 APAC - Market size and forecast 2022-2027
• Exhibit 73: Chart on APAC - Market size and forecast 2022-2027 ($ million)
• Exhibit 74: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
• Exhibit 75: Chart on APAC - Year-over-year growth 2022-2027 (%)
• Exhibit 76: Data Table on APAC - Year-over-year growth 2022-2027 (%)

• 9.6 South America - Market size and forecast 2022-2027
• Exhibit 77: Chart on South America - Market size and forecast 2022-2027 ($ million)
• Exhibit 78: Data Table on South America - Market size and forecast 2022-2027 ($ million)
• Exhibit 79: Chart on South America - Year-over-year growth 2022-2027 (%)
• Exhibit 80: Data Table on South America - Year-over-year growth 2022-2027 (%)

• 9.7 Middle East and Africa - Market size and forecast 2022-2027 
• Exhibit 81: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
• Exhibit 82: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
• Exhibit 83: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
• Exhibit 84: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)

• 9.8 Germany - Market size and forecast 2022-2027
• Exhibit 85: Chart on Germany - Market size and forecast 2022-2027 ($ million)
• Exhibit 86: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
• Exhibit 87: Chart on Germany - Year-over-year growth 2022-2027 (%)
• Exhibit 88: Data Table on Germany - Year-over-year growth 2022-2027 (%)

• 9.9 US - Market size and forecast 2022-2027
• Exhibit 89: Chart on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 90: Data Table on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 91: Chart on US - Year-over-year growth 2022-2027 (%)
• Exhibit 92: Data Table on US - Year-over-year growth 2022-2027 (%)

• 9.10 Japan - Market size and forecast 2022-2027
• Exhibit 93: Chart on Japan - Market size and forecast 2022-2027 ($ million)
• Exhibit 94: Data Table on Japan - Market size and forecast 2022-2027 ($ million)
• Exhibit 95: Chart on Japan - Year-over-year growth 2022-2027 (%)
• Exhibit 96: Data Table on Japan - Year-over-year growth 2022-2027 (%)

• 9.11 Canada - Market size and forecast 2022-2027
• Exhibit 97: Chart on Canada - Market size and forecast 2022-2027 ($ million)
• Exhibit 98: Data Table on Canada - Market size and forecast 2022-2027 ($ million)
• Exhibit 99: Chart on Canada - Year-over-year growth 2022-2027 (%)
• Exhibit 100: Data Table on Canada - Year-over-year growth 2022-2027 (%)

• 9.12 Singapore - Market size and forecast 2022-2027
• Exhibit 101: Chart on Singapore - Market size and forecast 2022-2027 ($ million)
• Exhibit 102: Data Table on Singapore - Market size and forecast 2022-2027 ($ million)
• Exhibit 103: Chart on Singapore - Year-over-year growth 2022-2027 (%)
• Exhibit 104: Data Table on Singapore - Year-over-year growth 2022-2027 (%)

• 9.13 Market opportunity by geography 
• Exhibit 105: Market opportunity by geography ($ million)

10 Drivers, Challenges, and Trends

• 10.1 Market drivers 

• 10.2 Market challenges 

• 10.3 Impact of drivers and challenges 
• Exhibit 106: Impact of drivers and challenges in 2022 and 2027

• 10.4 Market trends 

11 Vendor Landscape

• 11.1 Overview 

• 11.2 Vendor landscape 
• Exhibit 107: Overview on Criticality of inputs and Factors of differentiation

• 11.3 Landscape disruption 
• Exhibit 108: Overview on factors of disruption

• 11.4 Industry risks 
• Exhibit 109: Impact of key risks on business

12 Vendor Analysis

• 12.1 Vendors covered 
• Exhibit 110: Vendors covered

• 12.2 Market positioning of vendors 
• Exhibit 111: Matrix on vendor position and classification

• 12.3 Apex Green Roofs Inc. 
• Exhibit 112: Apex Green Roofs Inc. - Overview
• Exhibit 113: Apex Green Roofs Inc. - Product / Service
• Exhibit 114: Apex Green Roofs Inc. - Key offerings

• 12.4 Axter Ltd. 
• Exhibit 115: Axter Ltd. - Overview
• Exhibit 116: Axter Ltd. - Product / Service
• Exhibit 117: Axter Ltd. - Key offerings

• 12.5 Bauder Ltd. 
• Exhibit 118: Bauder Ltd. - Overview
• Exhibit 119: Bauder Ltd. - Product / Service
• Exhibit 120: Bauder Ltd. - Key offerings

• 12.6 Bender GmbH and Co. KG 
• Exhibit 121: Bender GmbH and Co. KG - Overview
• Exhibit 122: Bender GmbH and Co. KG - Product / Service
• Exhibit 123: Bender GmbH and Co. KG - Key offerings

• 12.7 Columbia Green Technologies 
• Exhibit 124: Columbia Green Technologies - Overview
• Exhibit 125: Columbia Green Technologies - Product / Service
• Exhibit 126: Columbia Green Technologies - Key offerings

• 12.8 ecospaces LLC 
• Exhibit 127: ecospaces LLC - Overview
• Exhibit 128: ecospaces LLC - Product / Service
• Exhibit 129: ecospaces LLC - Key offerings

• 12.9 Intrinsic Landscaping Inc. 
• Exhibit 130: Intrinsic Landscaping Inc. - Overview
• Exhibit 131: Intrinsic Landscaping Inc. - Product / Service
• Exhibit 132: Intrinsic Landscaping Inc. - Key offerings

• 12.10 LiveRoof LLC 
• Exhibit 133: LiveRoof LLC - Overview
• Exhibit 134: LiveRoof LLC - Product / Service
• Exhibit 135: LiveRoof LLC - Key offerings

• 12.11 Onduline Group SAS 
• Exhibit 136: Onduline Group SAS - Overview
• Exhibit 137: Onduline Group SAS - Product / Service
• Exhibit 138: Onduline Group SAS - Key offerings

• 12.12 Optigrun international AG 
• Exhibit 139: Optigrun international AG - Overview
• Exhibit 140: Optigrun international AG - Product / Service
• Exhibit 141: Optigrun international AG - Key offerings

• 12.13 RENOLIT SE 
• Exhibit 142: RENOLIT SE - Overview
• Exhibit 143: RENOLIT SE - Product / Service
• Exhibit 144: RENOLIT SE - Key offerings

• 12.14 Sempergreen BV 
• Exhibit 145: Sempergreen BV - Overview
• Exhibit 146: Sempergreen BV - Product / Service
• Exhibit 147: Sempergreen BV - Key offerings

• 12.15 Sika AG 
• Exhibit 148: Sika AG - Overview
• Exhibit 149: Sika AG - Business segments
• Exhibit 150: Sika AG - Key news
• Exhibit 151: Sika AG - Key offerings
• Exhibit 152: Sika AG - Segment focus

• 12.16 Sky Garden Ltd. 
• Exhibit 153: Sky Garden Ltd. - Overview
• Exhibit 154: Sky Garden Ltd. - Product / Service
• Exhibit 155: Sky Garden Ltd. - Key offerings

• 12.17 Skyland USA 
• Exhibit 156: Skyland USA - Overview
• Exhibit 157: Skyland USA - Product / Service
• Exhibit 158: Skyland USA - Key offerings

13 Appendix

• 13.1 Scope of the report 

• 13.2 Inclusions and exclusions checklist
• Exhibit 159: Inclusions checklist
• Exhibit 160: Exclusions checklist

• 13.3 Currency conversion rates for US$ 
• Exhibit 161: Currency conversion rates for US$

• 13.4 Research methodology 
• Exhibit 162: Research methodology
• Exhibit 163: Validation techniques employed for market sizing
• Exhibit 164: Information sources

• 13.5 List of abbreviations 
• Exhibit 165: List of abbreviations

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