Market Introduction
High-quality steel rain gutter systems are suitable for residential and commercial projects as steel confers corrosion-resistance, easy cleaning, and superior aesthetics. Steel rain gutters undergo non-negligible thermal expansion and contraction cycles with temperature change, unlike concrete or wood; not making the necessary provisions for these changes during installation might lead to potential gutter deforms, which may lead to improper drainage of the gutter systems. Steel gutters are heavy and expensive, and they provide a modern touch to any residential and commercial building. It can be painted and may last for 5–10 years.
Market Overview and Dynamics
The Europe rain gutter market was valued at US$ 642.71 million in 2019 and is projected to reach US$ 766.87 million by 2027; it is expected to grow at a CAGR of 2.3% during the forecast period from 2020 to 2027. As per the European Commission, Germany has the highest rainwater reprocessing and recycling rate. A huge volume of rainwater from households and public facilities is discharged into nearby sewage treatment plants for processing. Private households and industries in the country save ~5 billion cubic meters of rainwater through harvesting annually. In addition to the notable precipitation in Germany, the high technical standards and a range of voluntary measures by the water sector contribute to natural resources protection. The number of new home construction projects is expected to grow just below 0.5% per year in the next two years due to slowing demographic growth and rising interest rates of housing in France and Germany. On the other hand, countries such as Ireland, Portugal, Spain, Poland, and the Czech Republic are focusing on expanding their residential construction markets.
Key Market Segments
Roofing material is durable in nature and provides good heat reflectivity for the installed rain gutter products that encourages the growth of the market. The demand for the advanced roofing systems is increasing with surging consumer preference for ecological and sustainable construction methods. Hence, the vinyl material based rain gutter products are expected to witness the fastest CAGR growth rate during the forecast period 2020 to 2027.
Major Sources and Companies Listed
A few of the key market players profiled in this report on the Europe rain water market are Almesco Ltd, Alumasc Water Management Solutions, ALU-REX INC, Areco, FIRST Corporation, S.r.l., Lindab, Marley Deutschland GmbH, Plastmo A/S, RHEINZINK, and Sekisui Eslon B.V. To sustain the market competitive, these players are focusing on strategies such as mergers and acquisitions, and partnerships. For example, in 2018, Alumasc PLC acquired Wade, a manufacturer and provider of drainage products.
Reasons to buy report
- To understand the Europe rain gutter market landscape and identify market segments that are most likely to guarantee a strong return
- To stay ahead of the race by comprehending the ever-changing competitive landscape for the Europe rain gutter market
- To efficiently plan M&A and partnership deals in the Europe rain gutter market by identifying market segments with the most promising probable sales
- To help take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segments of the Europe rain gutter market
- To obtain revenue forecast for market by various segments from 2020 to 2027 in the Europe
EUROPE RAIN GUTTER MARKET SEGMENTATION
Europe Rain Gutter Market – by Material Type
- Aluminum
- Steel
- Vinyl
- Others
Europe Rain Gutter Market – by Application
- Residential
- Commercial
Company Profiles
- Almesco Ltd
- Alumasc Water Management Solutions
- ALU-REX INC
- Areco
- FIRST Corporation, S.r.l.
- Lindab
- Marley Deutschland GmbH
- Plastmo A/S
- RHEINZINK
- Sekisui Eslon B.V.