The green-roofs market research report examines the key questions around the implications of COVID-19 and provides a recovery analysis and outlook for the market in focus. Although the market has witnessed a negative impact due to the COVID-19 situation, the research analysts at Technavio expects the green-roofs market to recover and grow by USD 8.82 billion during the forecast period, accelerating at a CAGR of almost 14%.
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Technavio has announced its latest market research report titled Global Green-Roofs Market 2020-2024 (Graphic: Business Wire)
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Green-Roofs Market Segmentation Analysis by Product
Extensive green-roofs segment accounted for the highest market share in 2019 and is likely to grow faster than the intensive green-roofs segment during the forecast period. Initial costs and maintenance costs for extensive green-roofs are comparatively lower than that for intensive green-roofs. This report provides an accurate prediction of the contribution of all the segments to the growth of the green-roofs market size.
Green-roofs Market Regional Analysis
The report covers regional analysis for APAC (India, China, Japan, and South Korea), Europe (Germany, France, UK, Italy), North America (US, Canada, Mexico), South America (Brazil, Argentina, Columbia), and MEA ( UAE, Saudi Arabia, Iran).
37% of the growth will originate from the North American region.
The US and Canada are the key markets for green-roofs in North America.
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Green-roofs Market: Key Market Drivers
Green-roofs market is expected to be driven by the reduction in global warming due to green roofs. The popularity and implementation of 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. As a result, various governments are introducing supportive policies 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.
Integration of Green-roof and Solar Photovoltaic Systems will be a Key Market Trend
Green-roofs integrated with solar photovoltaic arrays are known as biosolar roofs. These roofs help in minimizing the emissions of greenhouse gases and ensure the sustainable development of buildings. The integration of green-roofs and solar photovoltaic systems ensures enhanced functions and effectiveness through cooling and shading effects. Thus, the integration of green-roof and solar photovoltaic systems is expected to drive the growth of the market.
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Green-roofs Market 2020-2024 : Key Highlights
CAGR of the market during the forecast period 2020-2024
Detailed information on factors that will assist green-roofs market growth during the next five years
Estimation of the green-roofs market size and its contribution to the parent market
Predictions on upcoming trends and changes in consumer behavior
The growth of the green-roofs market
Analysis of the market’s competitive landscape and detailed information on vendors
Comprehensive details of factors that will challenge the growth of green-roofs market vendors
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Value chain analysis
Market segment analysis
Market size 2019
Market outlook: Forecast for 2019 – 2024
Five Forces Analysis
Five forces summary
Bargaining power of buyers
Bargaining power of suppliers
Threat of new entrants
Threat of substitutes
Threat of rivalry
Market Segmentation by Product
Comparison by Product
Extensive - Market size and forecast 2019-2024
Intensive - Market size and forecast 2019-2024
Market opportunity by Product
Market Segmentation by Application
Europe - Market size and forecast 2019-2024
North America - Market size and forecast 2019-2024
APAC - Market size and forecast 2019-2024
South America - Market size and forecast 2019-2024
MEA - Market size and forecast 2019-2024
Key leading countries
Market opportunity by geography
Market positioning of vendors
Bender GmbH & Co. KG
Optigreen international AG
Sky Garden Ltd.
Vegetal i.D. Inc.
Scope of the report
Currency conversion rates for US$
List of abbreviations
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