Green-Roofs Market Analysis by Share, Segments, Trends, Growth, and Geography- Analysis, and Forecast 2023-2027
The green-roofs market share will post incremental growth of USD 8,106.69 million, progressing at a CAGR of 12.18% during the forecast period. The reduction in global warming due to green roofs will offer immense growth opportunities to market vendors. The market is fragmented, and the vendors are deploying growth strategies such as low-pricing strategies and strengthening the local customer base to compete in the market.
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The green roofs market is segmented by application (residential, commercial, and industrial), product (extensive and intensive), and geography (Europe, North America, APAC, South America, and Middle East and Africa).
The growth of the green roofs market size in the residential segment will be significant during the forecast period. North America is estimated to contribute 33% to the growth of the global market during the forecast period.
The reduction in global warming due to green roofs will directly influence the sales of the green-roofs. In addition, the integration of green-roof and solar photovoltaic systems is one of the major green-roofs market trends that will positively impact the market growth. However, factors such as the increased initial costs and long payback periods will hamper the green-roofs market growth.
The market is fragmented due to the presence of several players. Some of the major green-roofs market vendors are Apex Green Roofs Inc., Axter Ltd., Bauder Ltd., Bender GmbH and Co. KG, Columbia Green Technologies, ecospaces 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.
To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions.
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Precise market size estimation during the forecast period 2023-2027.
CAGR of the green-roofs market forecast during 2023-2027.
Market-level data on units, average selling prices, and values of the green-roofs market share.
Prediction of the upcoming trends, drivers, and factors that challenge the growth of the green-roofs market.
Green-roofs market industry growth across Europe, North America, APAC, South America, and Middle East and Africa.