Key Market Insights
Government promoting green roof for lowering global warming
The popularity and implementation of the green-roof concept is gaining traction around the globe as it helps in lowering the temperature on roofs, thereby decreasing the ambient temperature. This is achieved by growing plants on rooftops that help absorb the radiation from the sun and reduce the urban heat island effect. It has not only helping to reduce room temperature but the consumption of electricity is also lowering in the metros. This, in turn, helping to slow the climate change process. As a result, various governments are introducing supportive policies such as subsidy, financial aid, and special investment summits to encourage the adoption of green roofs. Thus, the reduction in global warming due to green roofs is expected to drive market growth during the forecast period.The rising construction of industrial, commercial as well as residential buildings is expected to increase the environmental heat, which in turn is expected to fuel the growth of green roof market. With the growing economic development and rising population, people are migrating towards cities. This has impacted the increasing construction of residential and commercial spaces across every region of the world. More buildings have negatively impacted the environment by reducing green cover and deforestation. To counter such a situation, many governments are adopting .green roof concepts that are a sustainable and eco-friendly way.
Overall, the global green roof market was US$ 10.6 Bn in 2021 and expected to reach US$ 43.1 Bn by 2030, growing at a CAGR of 16.8% from 2022 to 2030.
Roof Type Segment Analysis
Extensive segment dominating the market
Based on roof type, the global green roof market is segmented into extensive and intensive roofs. The extensive roof segment captured the largest market share in 2021. Factors such as low maintenance cost are driving the market growth. Moreover, the low capital costs per meter square and minimal irrigation and the nutrient requirement are likely to drive the product demand further. These roofs are used mainly in single residential buildings as they don’t need a pre-defined roof designed for gardening.The intensive product segment is estimated to witness the fastest CAGR during the forecast period. Heavyweight and high maintenance and installation cost associated with intensive roof tends to make up a smaller market share of the segment in 2021. However, increasing the adoption of these products from commercial and industrial applications is expected to increase the market share in the near future. These roofs include grasses, shrubs, and even trees due to the high depth of planting.
Regional Analysis
Europe dominating the global market by region
Europe was the dominant regional market in 2021 accounting for a major share in the global market. During the forecast period, the region expected to maintain its leading position. Government policies and subsidiaries by the regional government are encouraging the adoption rate of more number of houses and commercial buildings. Countries like Germany and Switzerland have mandated the inclusion of green roofs on all flat roofs that are larger than 330 square feet of area. The green roof laws are backed by scientific evidence and are gaining momentum.North America is estimated to be the fastest-growing region with a CAGR of 20.4% over the forecasted period. The Canadian city, Toronto was the first city in North America inked a law to have a green roof. This has influenced the demand for a green roof in the region. Under the Eco-Roof Incentive program, building owners receive $100 for every square meter of a green roof. Under this scheme, 420 new green roof permits were granted.
Growing partnerships is keeping the market competitive
The global green roof market is competitive. Prominent players operating in the green roof market are adopting strategies such as a partnership with other companies, acquisition of smaller players to increase their production capacity and geographical reach. Following is the list of players included in the published reports.List of Companies Covered:
- Optigreen
- Green Roof Blocks
- Axter
- Hannor
- Bauder
- ZinCo
- Soprema
- Xero Flor
- Bender
- Sempergreen
- Others
Key Industry Development:
- In March 2020, Green Roof Blocks has introduced a newly re-designed Green Paks modular green roof system. Green Paks are filled to four inches thick with our proprietary growth media. Each has integrated carrying handholds and wind uplift ties like their predecessor. The top face of the new Green Paks is made of biodegradable burlap. The new Green Paks and pre-grown sedum mats are the perfect combinations for fast and efficient green roof installation delivering instant lush green coverage from day one.
Historical & Forecast Period
This study report represents analysis of each segment from 2020 to 2030 considering 2021 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2022 to 2030.The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.
Research Methodology
The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Green Roof market are as follows:- Research and development budgets of manufacturers and government spending
- Revenues of key companies in the market segment
- Number of end users and consumption volume, price and value.
- Geographical revenues generate by countries considered in the report
- Micro and macro environment factors that are currently influencing the Green Roof market and their expected impact during the forecast period.
Market Segmentation
Roof Type
- Extensive Roof
- Intensive Roof
End-user
- Residential
- Commercial
- Industrial
Key questions answered in this report
- What are the key micro and macro environmental factors that are impacting the growth of Green Roof market?
- What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
- Estimated forecast and market projections up to 2030.
- Which segment accounts for the fastest CAGR during the forecast period?
- Which market segment holds a larger market share and why?
- Are low and middle-income economies investing in the Green Roof market?
- Which is the largest regional market for Green Roof market?
- What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
- Which are the key trends driving Green Roof market growth?
- Who are the key competitors and what are their key strategies to enhance their market presence in the Green Roof market worldwide?
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Table of Contents
1. Preface1.1. Report Description
1.1.1. Purpose of the Report
1.1.2. Target Audience
1.1.3. Key Offerings
1.2. Market Segmentation
1.3. Research Methodology
1.3.1. Phase I - Secondary Research
1.3.2. Phase II - Primary Research
1.3.3. Phase III - Expert Panel Review
1.3.4. Assumptions
1.3.5. Approach Adopted
2. Executive Summary
2.1. Market Snapshot: Global Green Roof Market
2.2. Global Green Roof Market, By Roof Type , 2021 (US$ Billion)
2.3. Global Green Roof Market, By End-user , 2021 (US$ Billion)
2.4. Global Green Roof Market, By Geography, 2021 (US$ Billion)
2.5. Attractive Investment Proposition by Geography, 2021
3. Green Roof Market: Competitive Analysis
3.1. Market Positioning of Key Green Roof Market Vendors
3.2. Strategies Adopted by Green Roof Market Vendors
3.3. Key Industry Strategies
3.4. Tier Analysis 2021 Versus 2030
4. Green Roof Market: Macro Analysis & Market Dynamics
4.1. Introduction
4.2. Global Green Roof Market Value, 2020 - 2030, (US$ Billion)
4.3. Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Key Challenges
4.3.4. Key Opportunities
4.4. Impact Analysis of Drivers and Restraints
4.5. See-Saw Analysis
5. Green Roof Market: By Roof Type , 2020-2030, USD (Billion)
5.1. Market Overview
5.2. Growth & Revenue Analysis: 2021 Versus 2030
5.3. Market Segmentation
5.3.1. Extensive Roof
5.3.2. Intensive Roof
6. Green Roof Market: By End-user , 2020-2030, USD (Billion)
6.1. Market Overview
6.2. Growth & Revenue Analysis: 2021 Versus 2030
6.3. Market Segmentation
6.3.1. Residential
6.3.2. Commercial
6.3.3. Industrial
7. North America Green Roof Market, 2020-2030, USD (Billion)
7.1. Market Overview
7.2. Green Roof Market: By Roof Type , 2020-2030, USD (Billion)
7.3. Green Roof Market: By End-user , 2020-2030, USD (Billion)
7.4.Green Roof Market: By Region, 2020-2030, USD (Billion)
7.4.1.North America
7.4.1.1. U.S.
7.4.1.1.1. Green Roof Market: By Roof Type , 2020-2030, USD (Billion)
7.4.1.1.1. Green Roof Market: By End-user , 2020-2030, USD (Billion)
7.4.1.2. Canada
7.4.1.2.1. Green Roof Market: By Roof Type , 2020-2030, USD (Billion)
7.4.1.2.1. Green Roof Market: By End-user , 2020-2030, USD (Billion)
7.4.1.3. Rest of North America
7.4.1.3.1. Green Roof Market: By Roof Type , 2020-2030, USD (Billion)
7.4.1.3.1. Green Roof Market: By End-user , 2020-2030, USD (Billion)
8. UK and European Union Green Roof Market, 2020-2030, USD (Billion)
8.1. Market Overview
8.2. Green Roof Market: By Roof Type , 2020-2030, USD (Billion)
8.3. Green Roof Market: By End-user , 2020-2030, USD (Billion)
8.4.Green Roof Market: By Region, 2020-2030, USD (Billion)
8.4.1.UK and European Union
8.4.1.1. UK
8.4.1.1.1. Green Roof Market: By Roof Type , 2020-2030, USD (Billion)
8.4.1.1.1. Green Roof Market: By End-user , 2020-2030, USD (Billion)
8.4.1.2. Germany
8.4.1.2.1. Green Roof Market: By Roof Type , 2020-2030, USD (Billion)
8.4.1.2.1. Green Roof Market: By End-user , 2020-2030, USD (Billion)
8.4.1.3. Spain
8.4.1.3.1. Green Roof Market: By Roof Type , 2020-2030, USD (Billion)
8.4.1.3.1. Green Roof Market: By End-user , 2020-2030, USD (Billion)
8.4.1.4. Italy
8.4.1.4.1. Green Roof Market: By Roof Type , 2020-2030, USD (Billion)
8.4.1.4.1. Green Roof Market: By End-user , 2020-2030, USD (Billion)
8.4.1.5. France
8.4.1.5.1. Green Roof Market: By Roof Type , 2020-2030, USD (Billion)
8.4.1.5.1. Green Roof Market: By End-user , 2020-2030, USD (Billion)
8.4.1.6. Rest of Europe
8.4.1.6.1. Green Roof Market: By Roof Type , 2020-2030, USD (Billion)
8.4.1.6.1. Green Roof Market: By End-user , 2020-2030, USD (Billion)
9. Asia Pacific Green Roof Market, 2020-2030, USD (Billion)
9.1. Market Overview
9.2. Green Roof Market: By Roof Type , 2020-2030, USD (Billion)
9.3. Green Roof Market: By End-user , 2020-2030, USD (Billion)
9.4.Green Roof Market: By Region, 2020-2030, USD (Billion)
9.4.1.Asia Pacific
9.4.1.1. China
9.4.1.1.1. Green Roof Market: By Roof Type , 2020-2030, USD (Billion)
9.4.1.1.1. Green Roof Market: By End-user , 2020-2030, USD (Billion)
9.4.1.2. Japan
9.4.1.2.1. Green Roof Market: By Roof Type , 2020-2030, USD (Billion)
9.4.1.2.1. Green Roof Market: By End-user , 2020-2030, USD (Billion)
9.4.1.3. India
9.4.1.3.1. Green Roof Market: By Roof Type , 2020-2030, USD (Billion)
9.4.1.3.1. Green Roof Market: By End-user , 2020-2030, USD (Billion)
9.4.1.4. Australia
9.4.1.4.1. Green Roof Market: By Roof Type , 2020-2030, USD (Billion)
9.4.1.4.1. Green Roof Market: By End-user , 2020-2030, USD (Billion)
9.4.1.5. South Korea
9.4.1.5.1. Green Roof Market: By Roof Type , 2020-2030, USD (Billion)
9.4.1.5.1. Green Roof Market: By End-user , 2020-2030, USD (Billion)
9.4.1.6. Rest of Asia Pacific
9.4.1.6.1. Green Roof Market: By Roof Type , 2020-2030, USD (Billion)
9.4.1.6.1. Green Roof Market: By End-user , 2020-2030, USD (Billion)
10. Latin America Green Roof Market, 2020-2030, USD (Billion)
10.1. Market Overview
10.2. Green Roof Market: By Roof Type , 2020-2030, USD (Billion)
10.3. Green Roof Market: By End-user , 2020-2030, USD (Billion)
10.4.Green Roof Market: By Region, 2020-2030, USD (Billion)
10.4.1.Latin America
10.4.1.1. Brazil
10.4.1.1.1. Green Roof Market: By Roof Type , 2020-2030, USD (Billion)
10.4.1.1.1. Green Roof Market: By End-user , 2020-2030, USD (Billion)
10.4.1.2. Mexico
10.4.1.2.1. Green Roof Market: By Roof Type , 2020-2030, USD (Billion)
10.4.1.2.1. Green Roof Market: By End-user , 2020-2030, USD (Billion)
10.4.1.3. Rest of Latin America
10.4.1.3.1. Green Roof Market: By Roof Type , 2020-2030, USD (Billion)
10.4.1.3.1. Green Roof Market: By End-user , 2020-2030, USD (Billion)
11. Middle East and Africa Green Roof Market, 2020-2030, USD (Billion)
11.1. Market Overview
11.2. Green Roof Market: By Roof Type , 2020-2030, USD (Billion)
11.3. Green Roof Market: By End-user , 2020-2030, USD (Billion)
11.4.Green Roof Market: By Region, 2020-2030, USD (Billion)
11.4.1.Middle East and Africa
11.4.1.1. GCC
11.4.1.1.1. Green Roof Market: By Roof Type , 2020-2030, USD (Billion)
11.4.1.1.1. Green Roof Market: By End-user , 2020-2030, USD (Billion)
11.4.1.2. Africa
11.4.1.2.1. Green Roof Market: By Roof Type , 2020-2030, USD (Billion)
11.4.1.2.1. Green Roof Market: By End-user , 2020-2030, USD (Billion)
11.4.1.3. Rest of Middle East and Africa
11.4.1.3.1. Green Roof Market: By Roof Type , 2020-2030, USD (Billion)
11.4.1.3.1. Green Roof Market: By End-user , 2020-2030, USD (Billion)
12. Company Profile
12.1. AIQ Optigreen
12.1.1. Company Overview
12.1.2. Financial Performance
12.1.3. Product Portfolio
12.1.4. Strategic Initiatives
12.2. Green Roof Blocks
12.2.1. Company Overview
12.2.2. Financial Performance
12.2.3. Product Portfolio
12.2.4. Strategic Initiatives
12.3. Axter
12.3.1. Company Overview
12.3.2. Financial Performance
12.3.3. Product Portfolio
12.3.4. Strategic Initiatives
12.4. Hannor
12.4.1. Company Overview
12.4.2. Financial Performance
12.4.3. Product Portfolio
12.4.4. Strategic Initiatives
12.5. Bauder
12.5.1. Company Overview
12.5.2. Financial Performance
12.5.3. Product Portfolio
12.5.4. Strategic Initiatives
12.6. ZinCo
12.6.1. Company Overview
12.6.2. Financial Performance
12.6.3. Product Portfolio
12.6.4. Strategic Initiatives
12.7. Soprema
12.7.1. Company Overview
12.7.2. Financial Performance
12.7.3. Product Portfolio
12.7.4. Strategic Initiatives
12.8. Xero Flor
12.8.1. Company Overview
12.8.2. Financial Performance
12.8.3. Product Portfolio
12.8.4. Strategic Initiatives
12.9. Bender
12.9.1. Company Overview
12.9.2. Financial Performance
12.9.3. Product Portfolio
12.9.4. Strategic Initiatives
12.10. Sempergreen
12.10.1. Company Overview
12.10.2. Financial Performance
12.10.3. Product Portfolio
12.10.4. Strategic Initiatives
List of Figures
Figure 1 Global Green Roof Market: Market Coverage
Figure 2 Research Methodology and Data Sources
Figure 3 Market Size Estimation - Top Down & Bottom-Up Approach
Figure 4 Global Green Roof Market: Quality Assurance
Figure 5 Global Green Roof Market, By Roof Type , 2021
Figure 6 Global Green Roof Market, By End-user , 2021
Figure 7 Global Green Roof Market, By Geography, 2021
Figure 8 Market Geographical Opportunity Matrix - Global Green Roof Market, 2021
Figure 9 Market Positioning of Key Green Roof Market Players, 2021
Figure 10 Global Green Roof Market - Tier Analysis - Percentage of Revenues by Tier Level, 2021 Versus 2030
Figure 11 Global Green Roof Market, By Roof Type , 2021 Vs 2030, %
Figure 12 Global Green Roof Market, By End-user , 2021 Vs 2030, %
Figure 13 U.S. Green Roof Market (US$ Billion), 2020 - 2030
Figure 14 Canada Green Roof Market (US$ Billion), 2020 - 2030
Figure 15 Rest of North America Green Roof Market (US$ Billion), 2020 - 2030
Figure 16 UK Green Roof Market (US$ Billion), 2020 - 2030
Figure 17 Germany Green Roof Market (US$ Billion), 2020 - 2030
Figure 18 Spain Green Roof Market (US$ Billion), 2020 - 2030
Figure 19 Italy Green Roof Market (US$ Billion), 2020 - 2030
Figure 20 France Green Roof Market (US$ Billion), 2020 - 2030
Figure 21 Rest of Europe Green Roof Market (US$ Billion), 2020 - 2030
Figure 22 China Green Roof Market (US$ Billion), 2020 - 2030
Figure 23 Japan Green Roof Market (US$ Billion), 2020 - 2030
Figure 24 India Green Roof Market (US$ Billion), 2020 - 2030
Figure 25 Australia Green Roof Market (US$ Billion), 2020 - 2030
Figure 26 South Korea Green Roof Market (US$ Billion), 2020 - 2030
Figure 27 Rest of Asia Green Roof Market (US$ Billion), 2020 - 2030
Figure 28 Brazil Green Roof Market (US$ Billion), 2020 - 2030
Figure 29 Mexico Green Roof Market (US$ Billion), 2020 - 2030
Figure 30 Rest of Latin America Green Roof Market (US$ Billion), 2020 - 2030
Figure 31 GCC Green Roof Market (US$ Billion), 2020 - 2030
Figure 32 Africa Green Roof Market (US$ Billion), 2020 - 2030
Figure 33 Rest of Middle East and Africa Green Roof Market (US$ Billion), 2020 - 2030
List of Tables
Table 1 Global Green Roof Market By Roof Type , 2020-2030, USD (Billion)
Table 2 Global Green Roof Market By End-user , 2020-2030, USD (Billion)
Table 3 North America Green Roof Market By Roof Type , 2020-2030, USD (Billion)
Table 4 North America Green Roof Market By End-user , 2020-2030, USD (Billion)
Table 5 U.S. Green Roof Market By Roof Type , 2020-2030, USD (Billion)
Table 6 U.S. Green Roof Market By End-user , 2020-2030, USD (Billion)
Table 7 Canada Green Roof Market By Roof Type , 2020-2030, USD (Billion)
Table 8 Canada Green Roof Market By End-user , 2020-2030, USD (Billion)
Table 9 Rest of North America Green Roof Market By Roof Type , 2020-2030, USD (Billion)
Table 10 Rest of North America Green Roof Market By End-user , 2020-2030, USD (Billion)
Table 11 UK and European Union Green Roof Market By Roof Type , 2020-2030, USD (Billion)
Table 12 UK and European Union Green Roof Market By End-user , 2020-2030, USD (Billion)
Table 13 UK Green Roof Market By Roof Type , 2020-2030, USD (Billion)
Table 14 UK Green Roof Market By End-user , 2020-2030, USD (Billion)
Table 15 Germany Green Roof Market By Roof Type , 2020-2030, USD (Billion)
Table 16 Germany Green Roof Market By End-user , 2020-2030, USD (Billion)
Table 17 Spain Green Roof Market By Roof Type , 2020-2030, USD (Billion)
Table 18 Spain Green Roof Market By End-user , 2020-2030, USD (Billion)
Table 19 Italy Green Roof Market By Roof Type , 2020-2030, USD (Billion)
Table 20 Italy Green Roof Market By End-user , 2020-2030, USD (Billion)
Table 21 France Green Roof Market By Roof Type , 2020-2030, USD (Billion)
Table 22 France Green Roof Market By End-user , 2020-2030, USD (Billion)
Table 23 Rest of Europe Green Roof Market By Roof Type , 2020-2030, USD (Billion)
Table 24 Rest of Europe Green Roof Market By End-user , 2020-2030, USD (Billion)
Table 25 Asia Green Roof Market By Roof Type , 2020-2030, USD (Billion)
Table 26 Asia Green Roof Market By End-user , 2020-2030, USD (Billion)
Table 27 China Green Roof Market By Roof Type , 2020-2030, USD (Billion)
Table 28 China Green Roof Market By End-user , 2020-2030, USD (Billion)
Table 29 Japan Green Roof Market By Roof Type , 2020-2030, USD (Billion)
Table 30 Japan Green Roof Market By End-user , 2020-2030, USD (Billion)
Table 31 India Green Roof Market By Roof Type , 2020-2030, USD (Billion)
Table 32 India Green Roof Market By End-user , 2020-2030, USD (Billion)
Table 33 Australia Green Roof Market By Roof Type , 2020-2030, USD (Billion)
Table 34 Australia Green Roof Market By End-user , 2020-2030, USD (Billion)
Table 35 South Korea Green Roof Market By Roof Type , 2020-2030, USD (Billion)
Table 36 South Korea Green Roof Market By End-user , 2020-2030, USD (Billion)
Table 37 Latin America Green Roof Market By Roof Type , 2020-2030, USD (Billion)
Table 38 Latin America Green Roof Market By End-user , 2020-2030, USD (Billion)
Table 39 Brazil Green Roof Market By Roof Type , 2020-2030, USD (Billion)
Table 40 Brazil Green Roof Market By End-user , 2020-2030, USD (Billion)
Table 41 Mexico Green Roof Market By Roof Type , 2020-2030, USD (Billion)
Table 42 Mexico Green Roof Market By End-user , 2020-2030, USD (Billion)
Table 43 Rest of Latin America Green Roof Market By Roof Type , 2020-2030, USD (Billion)
Table 44 Rest of Latin America Green Roof Market By End-user , 2020-2030, USD (Billion)
Table 45 Middle East and Africa Green Roof Market By Roof Type , 2020-2030, USD (Billion)
Table 46 Middle East and Africa Green Roof Market By End-user , 2020-2030, USD (Billion)
Table 47 GCC Green Roof Market By Roof Type , 2020-2030, USD (Billion)
Table 48 GCC Green Roof Market By End-user , 2020-2030, USD (Billion)
Table 49 Africa Green Roof Market By Roof Type , 2020-2030, USD (Billion)
Table 50 Africa Green Roof Market By End-user , 2020-2030, USD (Billion)
Table 51 Rest of Middle East and Africa Green Roof Market By Roof Type , 2020-2030, USD (Billion)
Table 52 Rest of Middle East and Africa Green Roof Market By End-user , 2020-2030, USD (Billion)
Companies Mentioned
- Optigreen
- Green Roof Blocks
- Axter
- Hannor
- Bauder
- ZinCo
- Soprema
- Xero Flor
- Bender
- Sempergreen.
