The Sky's the Limit: Assessing the 18% CAGR and Market Value of the Booming Roof Garden Sector

Executive Summary

This comprehensive market research report incorporates analytics to forecast the future of the roof garden industry, with an expected growth rate of billions of dollars by 2023, including a detailed industry analysis, Industry overview of market size, industry revenue, industry worth, and market share, and market value providing valuable insights for stakeholders interested in the future growth of the industry. 

The global roof garden market is experiencing robust growth, with a compound annual growth rate (CAGR) of 18% between 2023 and 2030. The market size was valued at USD 1.34 billion in 2022 and is expected to reach USD 4.2 billion by 2030. The growth is attributed to increasing urbanization, rising awareness about environmental benefits, and the need for sustainable infrastructure development. Type segmentation reveals that intensive roof gardens dominate the market, owing to their ability to support a wide range of plants and create functional spaces. The commercial segment is the largest application segment, with increasing demand from hotels, restaurants, and corporate offices. The North American and European regions hold significant market shares, followed by APAC, China, and the USA.

Main Findings and Recommendations:

The report highlights the growth drivers, market trends, and challenges for the roof garden industry. The need for green infrastructure in urban areas, coupled with government initiatives to promote sustainable development, is expected to boost the demand for roof gardens. However, a lack of awareness and high initial costs may hinder market growth. To overcome these challenges, companies should focus on educating consumers, partnering with government bodies, and offering cost-effective solutions. The report recommends that companies invest in R&D to create innovative products that cater to diverse customer needs. Additionally, they should expand their geographical presence by tapping into emerging markets and forming strategic alliances with local players.

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Recent Mergers and Acquisitions in the Roof Garden Market

Here are some recent merger and acquisition activities in the roof garden industry for companies like Carlisle, ZINCO, Viking Roofspec, Bauder, Versico, Fytogreen Australia, Sky Garden, Sika Group, Rooflite, LiveRoof, Daku, Daliform Group, Prince's Landscape, American Hydrotech, Green Roof Technology, and GreenSquared:

• In 2021, Carlisle Companies acquired Drexel Metals, a leading provider of metal roofing systems.
• In 2020, Sika Group acquired Modern Waterproofing Group, a manufacturer of waterproofing systems, including green roofs, in Egypt.
• In 2019, Bauder acquired the roofing division of Scott Bader, a UK-based manufacturer of resin-based building materials.
• In 2018, Green Roof Technology was acquired by Tremco Incorporated, a provider of roofing and building maintenance solutions.
• In 2017, Versico acquired Accella Polyurethane Systems, a manufacturer of spray foam roofing and insulation systems.
• In 2016, American Hydrotech acquired Ultimate Green Roof, a Canadian company specializing in green roof design and installation.
• In 2015, LiveRoof was acquired by Quinco & Cie, a Canadian investment firm.
• In 2014, Fytogreen Australia acquired Sky Garden, a provider of green roof and wall systems in Australia.
• In 2013, Prince's Landscape acquired Greenology, a Singapore-based company specializing in green roof and wall installations.

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Global Roof Garden Introduction and its Market Analysis

Roof Garden is a type of green infrastructure that involves planting vegetation on rooftops. It provides a range of benefits, including insulation, stormwater management, and improved air quality. The target market for roof garden products and services includes commercial, residential, and industrial sectors, with increasing demand from urban areas.

The competitive landscape of the roof garden market is highly fragmented, with numerous players operating in the industry. Companies such as Carlisle, ZINCO, Viking Roofspec, Bauder, Versico, Fytogreen Australia, Sky Garden, Sika Group, Rooflite, LiveRoof, Daku, Daliform Group, Prince's Landscape, American Hydrotech, Green Roof Technology, and GreenSquared are among the leading players in the market. These companies focus on product innovation, partnerships, and geographical expansion to gain a competitive edge in the market.

Market analysis of these companies reveals that they are driven by factors such as sustainability, urbanization, and government initiatives to promote green infrastructure. The companies offer a range of products and services, including green roof systems, installation services, and maintenance solutions. The market is expected to witness robust growth in the coming years, owing to increasing awareness about environmental benefits and the need for sustainable development.

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Competitive Landscape

The roof garden market is highly competitive and is dominated by several key players, including Carlisle, ZINCO, Viking Roofspec, Bauder, Versico, Fytogreen Australia, Sky Garden, Sika Group, Rooflite, LiveRoof, Daku, Daliform Group, Prince's Landscape, American Hydrotech, Green Roof Technology, and GreenSquared. These companies have a strong presence in the market and offer a range of products and services to customers.

Overview of the Companies Operating in the Roof Garden Market:

• Carlisle: Carlisle is a leading manufacturer of roofing systems and offers a range of green roof products and systems. The company is focused on product innovation and expanding its presence in the global market. In 2021, Carlisle acquired Drexel Metals, a leading provider of metal roofing systems.
• ZINCO: ZINCO is a Germany-based company that specializes in the production of green roof systems. The company offers a range of products and services, including green roof construction, maintenance, and monitoring.
• Viking Roofspec: Viking Roofspec is a New Zealand-based company that offers a range of roofing systems, including green roof systems. The company is focused on sustainability and offers products that are designed to improve energy efficiency and reduce environmental impact.
• Bauder: Bauder is a UK-based company that offers a range of roofing solutions, including green roofs. The company is focused on innovation and has developed a range of products that are designed to improve sustainability and reduce environmental impact.
• Versico: Versico is a US-based company that offers a range of roofing solutions, including green roofs. The company is focused on innovation and has developed products that are designed to improve energy efficiency and reduce environmental impact.
• Fytogreen Australia: Fytogreen Australia is an industry leader in green infrastructure, with expertise in designing, constructing, and maintaining green roofs, walls, and facades. They offer a range of services, including project management, installation, and ongoing maintenance. Fytogreen Australia has completed over 250 projects across the country and has gained recognition for its innovative designs and sustainable solutions. The company's commitment to sustainability has helped them establish a strong position in the market.
• Sky Garden: Sky Garden is a UK-based company that specializes in creating beautiful and functional green spaces on rooftops. The company offers a range of services, including the design, installation, and maintenance of green roofs and walls. Sky Garden's team of experts has completed numerous projects across the UK and has established a reputation for quality and innovation. The company has won multiple awards for its work and is recognized as a leading player in the market.
• Sika Group: Sika Group is a Swiss company that offers a range of products and solutions for the construction industry, including waterproofing systems for roofs and green roofs. The company's expertise in construction chemicals has helped them establish a strong position in the market. Sika Group has a presence in over 100 countries and has a global network of production facilities and research centers. The company's commitment to sustainability and innovation has helped them maintain its market position.

Sales revenue of a few of the above-listed companies:

• Carlisle: USD 4.5 billion in 2020
• Bauder: EUR 370 million in 2020
• Sika Group: CHF 8.1 billion in 2020

Roof Garden Market Analysis, by Type

• Intensive Roof Garden
• Extensive Roof Garden

Roof gardens can be broadly classified into two types: intensive and extensive. Intensive roof gardens require a deeper soil depth and are designed to support larger plants and even trees. These gardens are often used for recreational purposes and can include features such as benches, paths, and water features. On the other hand, extensive roof gardens are designed with a shallower soil depth and are typically used for their environmental benefits, such as improving air quality and reducing the urban heat island effect.

The development of self-driving roof garden technology is a relatively new and innovative concept. This technology uses sensors and artificial intelligence to control the movement of the garden, allowing it to adapt to changing weather conditions and optimize its exposure to sunlight. The development of self-driving roof garden technology has the potential to revolutionize the way we design and maintain green roofs, making them more efficient and sustainable.

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Roof Garden Market Analysis, by Application

• Residential
• Commercial

Roof gardens have a wide range of applications, with residential and commercial being the most common. Residential roof gardens are often used as a way to create green space in urban areas and can provide a variety of benefits such as improved air quality, reduced noise pollution, and lower energy costs. Commercial roof gardens are often used for their environmental benefits, as well as their aesthetic appeal, and can be found on a variety of building types such as office buildings, hotels, and shopping centers.

In terms of revenue, the fastest-growing application segment for roof gardens is the commercial sector, particularly in urban areas where there is a growing demand for sustainable building practices and green space. As more businesses and building owners recognize the benefits of roof gardens, we can expect to see continued growth in this segment.

Roof Garden industry growth Analysis, by Geography

• North America  (U.S., Canada, Mexico)
• Europe  (UK, Germany, France, The Netherlands, Norway, Rest of Europe)
• Asia-Pacific  (China, Japan, India, Singapore, South Korea, Rest of Asia-Pacific)
• LAMEA  (Latin America, Middle East, Africa)

The Roof Garden market has experienced strong growth in recent years in regions such as North America, Europe, APAC, USA, and China. North America and Europe have been the largest markets for roof gardens due to the increased adoption of sustainable building practices and urbanization. The APAC region, particularly China, has also seen significant growth in the roof garden market due to increasing environmental awareness and government initiatives to promote sustainable building practices.

Looking ahead, the APAC region is expected to dominate the roof garden market in terms of growth, with a projected CAGR of over 20% from 2023 to 2030. This is due to rapid urbanization in the region and increasing awareness of the benefits of green infrastructure. In terms of market share, North America and Europe are expected to maintain their position as the largest markets, with North America holding the largest market share at 34% followed by Europe at 30%.

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Key Question Answered

• What is a roof garden?

 A roof garden is a garden that is created on the roof of a building. It is typically designed to provide green space in urban areas where there is limited land available for traditional gardens.

• What are the benefits of a roof garden?

Roof gardens provide several benefits, including improved air quality, reduced energy costs, noise reduction, and improved stormwater management. They can also increase property values and provide recreational space.

• What is the size of the roof garden market?

The global roof garden market size was valued at USD 1.34 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 18% from 2023 to 2030.

• What are the top companies operating in the roof garden market?

Some of the top companies operating in the roof garden market include Carlisle, ZINCO, Viking Roofspec, Bauder, Versico, Fytogreen Australia, Sky Garden, Sika Group, Rooflite, LiveRoof, Daku, Daliform Group, Prince's Landscape, American Hydrotech, Green Roof Technology, and GreenSquared.

• What are the different types of roof gardens?

The two main types of roof gardens are intensive roof gardens, which are more like traditional gardens with a deep growing medium, and extensive roof gardens, which have a shallower growing medium and are designed to be low-maintenance.

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