Green Roof Market At a CAGR of 15.6% by 2027

A green roof, also known as a vegetated or living roof, consists of a layer of vegetation planted atop a waterproofing system on a flat or slightly sloped roof. Found in both residential and commercial areas, green roofs serve to absorb rainwater and stormwater, providing ecological benefits while enhancing the surrounding environment. By offering shade and reducing heat, they effectively lower both the roof's surface temperature and the ambient air temperature. Particularly in urban settings where greenery is scarce, green roofs play a vital role in mitigating the heat island effect, especially during peak daylight hours.

The increasing prevalence of green roofs can be attributed to several factors. Firstly, the expansion of the residential construction sector, driven by population growth and improved living standards, contributes to greater adoption of these eco-friendly solutions. Additionally, the rapid industrialization in regions like Asia Pacific fuels demand for green roofs as a means to combat air pollution, further bolstering market growth prospects in the foreseeable future.

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Market Statics:
The global green roof market size accounted for $1.45 billion in 2019, and is expected to reach $4.19 billion by 2027, registering a CAGR of 15.6% from 2020 to 2027. In 2019, Europe region dominated the global market, in terms of revenue, accounting for about 39.5% share of the global market, followed by Asia-Pacific and North America.

The Environmental Imperative
The rise in greenhouse gas emissions and the resulting global warming phenomenon have necessitated urgent action to combat climate change. Green roofs, characterized by their lush vegetation and plant life, have emerged as a crucial tool in this battle. These roofs absorb carbon dioxide and release oxygen, effectively acting as natural air purifiers. By doing so, they help mitigate the greenhouse effect, contributing to a healthier planet.

Economic Progress and Quality of Life
Developing economies have witnessed significant growth in disposable income and a simultaneous improvement in the standard of living. This increase in affluence has paved the way for the expansion of the green roof market. People are increasingly investing in sustainable solutions that not only benefit the environment but also enhance their quality of life.

Residential Adoption
The adoption of green roof systems is not limited to commercial sectors alone. Countries like the Netherlands, Belgium, and Russia are planning to implement green roof systems in residential buildings. For instance, Rotterdam Zuid, a commercial complex in the Netherlands, installed green roof systems covering approximately 7,600 square meters of greenery in March 2020. This expansion into residential spaces signifies a growing awareness of the benefits of green roofs among homeowners and developers alike.

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The report analyzes the market based on type, distribution channel, application, and region. Depending on type, the market is bifurcated into extensive green roof and intensive green roof. The extensive segment generated the highest revenue in 2019. Based on distribution channel, it is classifies into online and offline. The offline segment generated the highest revenue in 2019. On the basis of application, the green roofs market is divided into residential, commercial, and industrial. The commercial segment generated the highest revenue in 2019.

Regional Analysis:
Region-wise, the global green roof market analysis is conducted across North America (the U.S., Canada, and Mexico), Europe (the UK, France, Germany, Italy, and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, and Rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa).

Top Players:
The key players profiled in the global green roof market report include Axter Limited, Bauder Ltd, Green Roof Blocks, Optigrun International AG, Sempergreen Group, American Hydrotech Inc, Barrett Company, ArchiGreen Roof Ltd, Onduline Group SAS, and XeroFlor North America.

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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Wilmington, DE. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

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