Green Roof Market by Roof Type (Intensive, Semi-Intensive, and Extensive), Application (Residential, Commercial, and Industrial), and Region - Market Perspective, Market Intelligence, Comprehensive Analysis, Historical Data, and Forecast for 2023 - 2030
Market Perspective
The global Green Roof Market was valued at around USD 1,652.80 Million in 2022 and is projected to reach a valuation of USD 5,704.47 Million by 2030 at a CAGR of roughly 16.93% between 2023 and 2030.
Green roofs offer sustainable solutions to reduce energy consumption and carbon emissions. Governments and municipalities are increasingly recognizing the benefits of green roofs and are implementing regulations to encourage their adoption. In the US and many European countries, for example, regulations are being developed to promote the installation of green or garden roofs and photovoltaic panels on conventional roofs.
Apart from this, photovoltaic panels on conventional roofs are being developed in the US and across several European countries. Compliance with these regulations is likely to fuel the expansion of the green roof market. Increased construction activity in both residential and commercial buildings due to population growth has led to rising demand for green roof systems. Nonetheless, the lack of adequate guidelines may impede market growth to some extent.
Key Insights
- Based on roof type, the extensive segment held the largest market share
- Based on application, the residential segment generated the highest revenue
- On the basis of region, Europe dominates the market
Growing Focus on Sustainable Solution Driving Market Growth
Green roofs offer several environmental advantages, including natural cooling, the ability to grow small plants, and rainwater harvesting, which all contribute to reduced energy consumption and carbon emissions. Different types of green roof systems provide various benefits, such as roof gardens, farming, and other utilities. Intensive green roofs, with their deeper growing media, can harvest several crops, making them particularly useful for farming. Many European countries use green roofs for agricultural purposes. The increasing demand for sustainable solutions is expected to drive the green roof market growth.
Topographical Variations will Challenge Global Growth
Green roofs are most suitable for regions located in or around the tropical belt of the world. Countries with extreme weather conditions, such as heavy rainfall and storms, extreme cold, or extreme heat may face difficulties in setting up green roofs. These topographical variations may pose a challenge to the market's growth. Nonetheless, with proper planning and design, green roofs can still be implemented in such regions, helping to address the challenges of climate change and urbanization.
Recent Developments
In September 2022: Furbish, a company offering sustainable solutions in the deployment of green roofs was acquired by SOPREMA USA. SOPREMA USA is amongst the biggest green roof solution companies. The acquisition aimed at expanding its business reach.
In February 2020: Novum Capital sold its majority stake in VulkaTec Riebensahm, one of the biggest roof plantation manufacturers. Bauder Ltd., acquired VulkaTec Riebensahm in 2020. Bauder is Germany’s top manufacturer of roof systems. Post this acquisition, Bauder Ltd., completed its portfolio by being able to provide a complete value chain.
Segmentation Analysis
Based on roof type, the market is further categorized into intensive, semi-intensive, and extensive types of roofs. Extensive green roof systems dominated the market by contributing over 42% of revenue to the market. Extensive green roofs, which cover larger areas but are shallow in depth, are a convenient and easy-to-install option compared to other systems. They are commonly used in residential buildings, city centers, adjoining structures, and sheds, but can be utilized in a variety of settings.
For example, Stuttgart, Germany has installed thirty miles of extensive green roofs that vary in depth from 2.0 to 6.9 inches. These roofs do not require any special structure for installation. While intensive roof systems with depths ranging from 8.0 to 48.0 inches are growing in popularity for roof farming, extensive green roofs are still a viable option for cultivating some crops. The increasing awareness and importance of green roofs are expected to drive the growth of both extensive and intensive systems in the coming years.
Based on application, the market is further categorized into residential, commercial, and industrial applications of green roofs. In 2022, commercial applications of green roofs dominated the global market. Intensive roof systems are majorly installed on the roofs of commercial buildings such as government buildings, corporate office buildings, schools, and malls are the type of commercial building that provides scope for green roofs. On the other hand, residential applications are anticipated to gain momentum in coming years owing to increasing demand and development of residential buildings.
Europe to Dominate the Market Owing to Green Commission Policies by European Union
Europe holds the dominant share of the global market revenue, accounting for more than 34%. This is largely due to the stringent regulations set by the European Union and the European Commission in protecting the environment and reducing carbon emissions, which has spurred the adoption of green infrastructure in the region. Notably, Germany and the U.K. are the most significant contributors to the revenues.
The European Union and the European Commission have implemented various strategies to promote the inclusion of green infrastructure, such as the proposed Nature Restoration Law. Switzerland's Basel boasts the highest number of green roofs globally, while Germany has approximately 10% of total roofs covered in green. The coverage is projected to increase further due to the regulations set by the EU, which encourage the adoption of green roofs and the numerous benefits they offer.
North America Leads the Green Roof Market with Urbanized Infrastructure
North America has emerged as a prominent region in the global green roof infrastructure market. The availability of appropriate urbanized infrastructure, capital expenditure, and increased awareness among individuals and commercial entities regarding the advantages of green roofs have contributed to exponential growth in the region. The United States has been the most significant contributor to recent growth and revenues, with Chicago boasting the largest area covered under green roofs in the entire region.
Innovations in green roofing systems are expected to further drive market size. A new concept called the "purple roof" has hit the market, comprising additional layers structured like honeycombs that enhance water holding capacity, allowing the system to hold more stormwater. As the region continues to invest in green infrastructure, the future looks bright for the North American green roof market.
Asia Pacific Set to Lead Green Roof Market Growth with Rapidly Expanding Construction Industry
The Asia Pacific region is expected to record the highest growth in the green roof market throughout the forecast period. This is largely attributed to the increasing activities and developments in the construction industry, with prominent countries such as India, Japan, Australia, and China contributing significantly to the market's growth and revenues.
India, in particular, has witnessed immense infrastructural developments, and the trend towards urbanization and the deployment of smart and sustainable solutions such as green roofs are expected to accelerate the market further. Increasing awareness of sustainable solutions in the construction industry is anticipated to guide the growth of the market in the region.
With the Asia Pacific region rapidly expanding and investing in green infrastructure, the future looks bright for the green roof market.
Competitive Landscape
- ARCHIGREEN ZöldtetÅ‘ Kft.
- Bauder Ltd.
- BARRETT COMPANY
- Ecogreen Landscape Technologies India Private Limited
- Green Roof Blocks
- NATURA INDIA
- OPTIGRÜN INTERNATIONAL AG
- SEMPERGREEN
- SOPREMA USA
- XeroFlor systems
- ZinCo GmbH
The global Green Roof market is segmented as follows:
Roof Type
- Intensive
- Semi-Intensive
- Extensive
By Application
- Residential
- Commercial
- Industrial
By Region
- North America
- The U.S.
- Canada
- Mexico
- Europe
- France
- The UK
- Spain
- Germany
- Italy
- Nordic countries
- Denmark
- Finland
- Iceland
- Sweden
- Norway
- Benelux Reunion
- Belgium
- The Netherlands
- Luxembourg
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- New Zealand
- Australia
- South Korea
- Southeast Asia
- Indonesia
- Thailand
- Malaysia
- Singapore
- Rest of Southeast Asia
- Rest of Asia Pacific
- The Middle East & Africa
- Saudi Arabia
- UAE
- Egypt
- Kuwait
- South Africa
- Rest of the Middle East & Africa
- Latin America
- Brazil
- Argentina
- Rest of Latin America
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Green Roof Market by Roof Type
- March-2023
- 148
- Global
- machinery-equipment
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