Green Roof Market Analysis Report By Type, By Application, By Region And Segment Forecasts From 2019 To 2025

Industry Insights

The global green roof market size was worth USD 7.2 billion in the year 2018 and is predicted to grow at a CAGR of 17.1% for the period 2019 to 2025. The demand for the green roof has risen to owe to its advantages which include CO2 emissions, reduced noise pollution, increased lifetime of roofs, improved employee health, and productivity, higher building value, and monitored building temperature.

There is a high emphasis on installing green roofs due to the goals set up by the government and cities to be energy efficient. For example, Better Roofs Ordinance, which was introduced in 2017, made San Francisco the first U.S. city to allocate living roofs in its 15 to 30% of new constructions. In addition, Denver’s approved a green roof program for freshly constructed sites with areas of more than 25000 square feet.

The maintenance and installation costs are viewed as a hindrance to the market. Therefore, the government and private firms worldwide are providing schemes and subsidiaries to increase the adoption of the product. For instance, Counterpoint Sustainable Real Estate (SRE) introduced Property Assessed Clean Energy (PACE) which is a financing scheme for the service, maintenance, and installation of green roofs.

North America is predicted to register the fastest CAGR over the period. Europe held the largest market share, in 2018, owing to the favorable government initiatives. For instance, Switzerland and Germany have commissioned to incorporate green roofs on flat roofs of area size more than 330 square feet. Furthermore, the Netherlands has also initiated a program to grant a direct subsidiary for installation to owners of the building.

Type Insights

By type, the green roof market is divided into intensive and extensive roofs where extensive product division held the highest market share in 2018 due to its low maintenance cost. Minimal irrigation requirements and low capital cost per meter square coupled with nutrient requirements are some of the favorable factors attributing to the market growth. These roofs do not require a pre-defined structure for gardening and are, therefore, mainly suitable for single residential buildings.

Intensive product division is predicted to grow at a CAGR of 20.0% over the forecast period. High installation and maintenance costs along with heavyweight result in a comparatively smaller share for this segment. However, these products are gaining traction in industrial and commercial applications. The intensive roofs include grass and shrubs along with trees.

Application Insights

By Application, the green roofs market is divided into commercial, industrial, and residential. Commercial division is predicted to hold the dominant position, growing with a CAGR of 17.8% over the forecast period. Green roofs are regarded as a sustainable option for commercial buildings in regions like North America and Europe.

Constructors are focusing on the extensive use of green roofs for receiving rental premiums. Development incentives, tax credits, rebates, and stormwater fee credits are provided to the manufacturers as a part of green infrastructure expenses. Furthermore, residential application is expected to grow at a fair pace over the years.

Regional Insights

Europe was the largest market in 2018 and is expected to continue its lead over the years owing to the product benefits like energy bills and reduced stormwater. Favorable policies and subsidiaries by the government are expected to drive the market further. For example, the installation of the green roof on flat roofs of an area size of more than 330 square feet is mandated by Switzerland and Germany. The green roof bylaws have been supported by scientific proof leading to their growth.

North America is expected to grow at a CAGR of 26.5%, thus, becoming the fastest expanding region over the forecast period. Toronto, in North America, became the first city to approve a law for the green roof. In the Eco-Roof Incentive program, 420 newly established green roof permits were approved and owners of the building were granted $100 for every square meter of the green roof.

Green Roof Market Share Insights

The key players include Optigreen, Axter, Green Roof Blocks, Hannor, ZinCo, Bauder, Xero Flor, Sempergreen, Bender, and others. The companies are focusing on creating new and eco-friendly products to match the government standards. For example, ZinCo uses hummus and mono clay is used as standard material used in rooftop garden system soils.

Report Scope

Segments Covered in the Report

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2015 to 2025. For this study, Million Insights has segmented the global green roof market report based on Type, Application, and region:

• Type Outlook (Revenue, USD Million, 2015 - 2025)
    • Extensive
    • Intensive

• Application Outlook (Revenue, USD Million, 2015 - 2025)
    • Residential
    • Commercial
    • Industrial

• Regional Outlook (Revenue, USD Million, 2015 - 2025)
    • North America
        • U.S.
    • Europe
        • Germany
        • U.K.
        • Switzerland
    • the Asia Pacific
        • China
        • Japan
    • Central & South America
        • Brazil
    • Middle East & Africa