Rain Gutter Market by Application (Residential, Commercial), Material Type (Aluminum, Steel, Vinyl, Fiberglass, Others), and Region (North America, Europe, Asia Pacific, MEA, South America) - Global Forecast to 2025
“Growing need for rainwater harvesting and increasing repair and maintenance activities due to worst weather are set to drive the rain gutter market.”
The global rain gutter market size is estimated to be USD 7.0 billion in 2020 and projected to reach USD 7.9 billion by 2025, at a CAGR of 2.5%. The market has observed stagnant growth and expected to grow at same growth rate as the parent construction industry growth is stagnant. However, increasing need for rain water harvesting, health and safety related issue because of excess rainfall, increased hurricane and other natural calamities causing damage to the existing infrastructure are the factors expected to drive market demand for rain gutters.
“Fiberglass Material: The fastest-growing segment of the rain gutter market, by material type.”
Fiberglass rain gutters are the fastest-growing segment of the rain gutter market, by material type. The fastest growth of fiberglass material is attributed to its various advantages over other materials such as high durability and negligible maintenance costs. The aluminium and steel materials are estimated to have the largest market share by value. Growth of this segment can be attributed to less/competitive pricing and durability.
“Residential application: The largest application segment of the rain gutter market.”
The residential segment is expected to have the largest market share by value. This higher share is attributed to increasing housing construction and high demand for rainwater harvesting from residential application. Higher need of housing construction and a greater number of individual houses built every year is expected to result in the residential segment occupying majority of the rain gutter market share.
“Asia Pacific: The fastest-growing region in the rain gutter market.”
The Asia Pacific region is estimated to dominate the rain gutter market and is projected to grow at the highest CAGR during the forecast period. The market growth in this region can be attributed to the improving socio-economic conditions in emerging economies such as China and India. The increasing construction activities in developing Asia Pacific countries such as, India, Indonesia, Thailand etc. Increasing hurricanes, high rainfalls and worst weather conditions are other factors driving demand for rain gutters in the region.
Breakdown of primaries
The study contains insights from various industry experts, ranging from raw material suppliers to Tier 1 companies and OEMs. The break-up of the primaries is as follows:
By Company Type– Tier 1- 40%, Tier 2- 35% Tier 3 - 25%
By Designation— C level - 25%, Managers & Other Level - 75%
By Region— North America - 30%, Europe - 25%, Asia Pacific - 25%, South America 15%, and Middle East & Africa 5%
The rain gutter market is dominated by the regional players and fragmented market at regional level. A few established players such as Lindab (Sweden), Gibraltar Industries Inc (US), KMEW Co. Ltd (Japan), Braas Monier Building Group (UK), Senox corporation (US) are the key players Research Coverage:
The report segments the rain gutter market and forecasts its size, by value, based on region (Asia Pacific, Europe, North America, Middle East & Africa, and South America) , Material type (Aluminum, Steel, Fiberglass, Vinyl, Others), applications (residential and commercial).
The report also provides a comprehensive review of market drivers, restraints, opportunities, and challenges in the rain gutter market. The report also covers qualitative aspects in addition to the quantitative aspects of these markets.
Key Benefits of Buying the Report:
The report will help the leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall market and the sub-segments. This report will help stakeholders understand the competitive landscape and gain more insights to better position their businesses and plan suitable go-to-market strategies. The report also helps stakeholders understand the pulse of the rain gutter market and provides them information on key market drivers, restraints, challenges, and opportunities
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