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What Will Be the Growth Trajectory of the Green Roof Market from 2024 to 2033?

In the past few years, the market size for green roofs has experienced rapid expansion. The market is projected to increase from $1.8 billion in 2023 to $2.11 billion in 2024, with a compound annual growth rate (CAGR) of 17.4%. This substantial growth during the historical period can be attributed to factors such as environmental consciousness, regulatory aid, the progression of urbanization, establishment of building codes and standards, coupled with concerns regarding energy efficiency.

In the coming years, the green roof market is anticipated to experience significant expansion, reaching a worth of $3.9 billion by 2028 with a 16.5% compound annual growth rate (CAGR). This progression throughout the projected period can be credited to a range of factors, such as actions taken to combat climate change, urban development strategies, escalating energy prices, health and wellness influences, and global targets for sustainability. Key factors expected to shape the market during this period include technological innovation, the establishment of biodiversity and habitats, advancements in energy efficiency and insulation, cross-industry collaborations, and governmental incentives and regulations.

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What Are the Primary Growth Drivers for the green roof Market?

The anticipated surge in the establishment of industrial, commercial, and residential properties is predicted to boost the green roof market’s expansion. The phrase ‘construction of industrial, commercial and residential buildings’ relates to an enterprise involved in the planning, creation, and erection of structures using building materials. Increased construction activities may cause heat production and air pollution which can be mitigated by setting up green roofs. For example, in June 2021, a report by Canada’s national statistics agency indicated that the expenditure on building construction escalated from $14294 million in April 2019 to $19273 million in 2020. Additionally, the 2022 U.S. Construction Cost Trends report reveals a surge in residential construction in the U.S., sparking a rise in the demand for construction material and labor, thereby increasing competition and financial pressures. In the U.S., the total outlay on construction activities grew by 16% ever since the start of the pandemic. Hence, the growing requirement for construction and infrastructure growth will fuel the green roof market.

What Are the Defining Segments of the Green Roof Market?

1) By Type: Extensive, Intensive

2) By Distribution Channel: Online, Offline

3) By Application: Residential, Commercial, Industrial

What Trends Are Revolutionizing Standards in the Green Roof Market?

The trend of crafting innovative and intelligent green roofs is garnering momentum in the green roof market. Key market participants are focusing their resources on the development of novel green roof systems to maintain their market stance. For example, Knauf Insulation and Sempergreen BV, a company from the Netherlands specializing in direct-green solutions for green roofs and living walls, as well as ground cover, unveiled a detention roof in July 2020. This new green roof concept was thoroughly examined for its efficacy. During heavy rain events, the roof helps in storing surplus rainwater and slowing down its runoff, thus allowing the detention roof to comply with regulatory water policies.

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Europe was the largest region in the green roof market share in 2023. The regions covered in the green roof market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The Green Roof Global Market Report 2024 offers a comprehensive overview of the audio equipment market, covering historical data from 2010 to 2021 and providing a ten-year forecast from 2023 to 2032. This report examines the size of the green roof market, its market share, and analyzes key competitors along with their market positions.

The Table Of Content For The Green Roof Market Include

1. Green Roof Market Executive Summary

2. Green Roof Market Segments

3. Green Roof Market Size And Template Market Growth Rate

4. Key Green Roof Market Trends

5. Major Green Roof Market Drivers

……

25. Key Mergers And Acquisitions In The Green Roof Market

26. Top Green Roof Companies

27. Green Roof Market Opportunities And Strategies

28. Green Roof Market, Conclusions And Recommendations

29. Appendix

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