PUBLISHER: SkyQuest | PRODUCT CODE: 1481469
PUBLISHER: SkyQuest | PRODUCT CODE: 1481469
Global Vertical Garden Construction Market size was valued at USD 1.08 billion in 2022 and is poised to grow from USD 1.17 billion in 2023 to USD 2.27 billion by 2031, growing at a CAGR of 8.6% in the forecast period (2024-2031).
Urbanization, the growing appeal of sustainable design, and growing awareness of the advantages for the environment have all contributed to the explosive growth of the vertical garden building industry in recent years. Nowadays, as vertical gardens have grown in popularity across the world, towns are preparing to incorporate these living walls into their urban environments. It's interesting to note that demand for vertical gardens is skyrocketing across all building industry market sectors, including commercial, residential, and institutional ones. Incorporating flora into urban areas, improving building insulation, and space efficiency are further drivers propelling the industry forward. The trend toward using cutting-edge materials and technology to create vertical gardens, which is a result of larger worries about environmental sustainability, is another factor supporting this sector.
Top-down and bottom-up approaches were used to estimate and validate the size of the Global Vertical Garden Construction Market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.
Global Vertical Garden Construction Market Segmental Analysis
The global Vertical Garden Construction market is segmented into four major segments i.e. by Type of Vertical Garden, Construction Material, End-Use Applications, and region. Based on Type, it is divided into Indoor Vertical Gardens, Outdoor Vertical Gardens. Based on Construction Material, it is bifurcated as Modular Green Wall Systems, Living Wall Systems, Green Facade Systems. Based on End-Use Applications it is segregated into, Residential, Commercial (Office Buildings, Retail Spaces), Institutional (Schools, Hospitals), Industrial. Based on region, the market is segmented into North America, Europe, Asia-Pacific, Latin America, Middle East and Africa.
Drivers of the Global Vertical Garden Construction Market
worldwide tendencies toward environmentally friendly and sustainable building. Height and fashion sense The growing awareness of green space in cities appears to be keeping up with the desire for vertical gardens, which offer both aesthetic and environmental advantages. stimulates the urbanization process Technological innovation encourages new approaches for urban residents to include nature into their daily lives.
Restraints in the Global Vertical Garden Construction Market
The design of vertical gardens is a complex process that involves high costs of execution, which are two major obstacles to market expansion. But, a large financial investment like this might also scare off some potential customers-especially if they operate in sectors or industries where money is tight. Vertical gardens also require particular maintenance. Additional funding could be needed for ongoing maintenance, and the gardener will still need to have plant expertise.
Market Trends of the Global Vertical Garden Construction Market
Growing Integration of Smart Technologies for Monitoring: Smart technologies are also being added to vertical gardens for upkeep and monitoring, which increases sustainability and efficiency. Additionally in style is the use of recyclable and sustainable materials, which goes hand in hand with the overall trend in the building sector toward environmental consciousness. Demand for vertical gardens has been seen at both commercial and residential locations, driven by biophilic design trends that bring natural elements into urban environments.