Green Roof Market Size, Share & Trends Report

Green Roof Market Size, Share & Trends Analysis Report By Type (Extensive, Intensive), By Application (Residential, Commercial, Industrial), By Region (North America, Europe, APAC, MEA), And Segment Forecasts, 2019 - 2025

  • Published Date: Jul, 2019
  • Base Year for Estimate: 2018
  • Report ID: GVR-3-68038-183-2
  • Format: Electronic (PDF)
  • Historical Data: 2015 - 2017
  • Number of Pages: 80

Industry Insights

The global green roof market size was valued at USD 7.2 billion in 2018 and is expected to register a CAGR of 17.1% from 2019 to 2025. The growth of the market is attributed to increasing demand for green roof due to benefits, such as it reduced noise pollution, maintenance and energy costs, and CO2 emissions, extended lifespan of roofs, regulated building temperature, improved employee productivity and health, and increased building value.

The focus on installation of green roof is increasing as cities and governments are setting goals to be more energy-efficient. For instance, San Francisco’s Better Roofs Ordinance, launched in January 2017, made San Francisco the first major U.S. city to mandate living roofs between 15 to 30% for most of the new constructions. Also, Denver approved a green roof initiative for newly built sites of area larger than 25,000 square feet.

Germany green roof market

However, the installation and maintenance costs are posing a challenge for market growth. Thus, several private firms and governments across the globe are offering subsidiaries and schemes to increase product adoption. For example, Counterpointe Sustainable Real Estate (SRE) has started Property Assessed Clean Energy (PACE) financing program for the installation, service, as well as maintenance of green and living roofs.

North America is estimated to witness the fastest CAGR over the forecasted period. Europe is expected to be the largest regional market due to various government initiatives encouraging product installation. For example, Germany and Switzerland have mandated the inclusion of green roof on all flat roofs with area larger than 330 square feet. Moreover, the government of Netherlands has initiated an incentive program that grants direct subsidiary to building owners for product installation.

Type Insights

Based on type, the market is segmented into extensive and intensive roofs. Extensive product segment is estimated to hold the largest market share in future owing to the factors, such as low maintenance cost. Low capital cost per meter square and minimal irrigation and 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.

Intensive product segment is estimated to witness the fastest CAGR of 20.0% from 2019 to 2025. Heavy weight and high maintenance and installation cost associated with intensive roof tends to make up smaller market share of the segment. However, these products are gaining popularity in commercial and industrial applications. These roofs include grasses, shrubs, and even trees due to high depth of planting.

Application Insights

Based on application, the green roof market is segmented into residential, commercial, and industrial. Commercial segment led the global market in 2018 and is estimated to maintain its dominant position throughout the forecast years. It is also projected to expand at the fastest CAGR of 17.8% from 2019 to 2025. In developed regions, such as Europe and North America, green roofs are considered as sustainability factor for commercial buildings.

Global green roof market

Constructors are increasingly using green roof as they receive rental premiums. Tax credits, storm water fee credits, rebates, and development incentives are allotted to the constructors as substantial portion of green infrastructure cost. Residential application is also projected to expand at a decent CAGR from 2019 to 2025.

Regional Insights

Europe was the dominant regional market in 2018 and will maintain its position over the forecast period on account of product benefits, such as reduced storm water flow and energy bills. Various policies and subsidiaries by the regional government that encourage product installation are also boosting the demand. Germany and Switzerland have mandated the inclusion of green roof on all flat roofs that are larger than 330 square feet of area. The green roof laws are backed by scientific evidences and are gaining momentum.

North America is estimated to be the fastest-growing region with a CAGR of 26.5% over the forecasted period. Toronto was the first city in North America to have bylaw for green roof. Under Eco-Roof Incentive program, building owners receive $100 for every square meter of green roof. Under this scheme, 420 new green roof permits were granted.

Green Roof Market Share Insights

Some of the key companies operating in the global market are Optigreen, Green Roof Blocks, Axter, Hannor, Bauder, ZinCo, Soprema, Xero Flor, Bender, Sempergreen and others. These companies focus more on product innovations by using eco-friendly materials in manufacturing to meet the government standards. For instance, Zinco uses mono clay material and humus as a base for rooftop garden system soils.

Report Scope

Attribute

Details

Base year for estimation

2018

Actual estimates/Historical data

2015 - 2017

Forecast period

2019 - 2025

Market representation

Revenue in USD Million and CAGR from 2019 to 2025

Regional scope

North America, Europe, Asia Pacific, Central & South America, and MEA

Country scope

U.S., Germany, U.K., Switzerland, China, Japan, and Brazil

Report coverage

Revenue forecast, company share, competitive landscape, growth factors and trends

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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 the purpose of this study, Grand View Research has segmented the global green roof market report on the basis of 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

    • Asia Pacific

      • China

      • Japan

    • Central & South America

      • Brazil

    • Middle East & Africa

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