At 4.4% CAGR, Asia Pacific Rain Gutter Market is Projected to be Worth US$ 1,710.55 Million by 2031, says Business Market Insights

According to Business Market Insights’ research, the Asia Pacific rain gutter market was valued at US$ 1,212.44 million in 2023 and is expected to reach US$ 1,710.55 million by 2031, registering a CAGR of 4.4% from 2023 to 2031. Increased preferences for sustainable materials and rise in adoption of seamless rain gutters and growing adoption of do-it-yourself rain gutter systems are among the critical factors attributed to drive the Asia Pacific rain gutter market growth.

In recent years, consumers have become environmentally conscious and prefer eco-friendly and sustainable materials, owing to increased awareness of carbon footprint. As a result, the manufacturers are using sustainable materials such as aluminum and steel to develop rain gutters. In July 2023, MTL Holding expanded its product line by launching the GT-1 XL Gutter. This is the largest 14-inch rain gutter made of heavy aluminum. Increased preference for sustainable materials and product development activities of the players operating in the market are projected to create lucrative opportunities for the rain gutters market in the coming years.

The demand for seamless rain gutters is growing rapidly owing to their greater working efficiency than regular rain gutters. Seamless rain gutters have low maintenance requirements and less chance of water leakage issues than regular rain gutters as they are manufactured from a single piece of raw material and do not have any sections. Further, seamless rain gutters have a higher lifespan and great aesthetic looks compared to regular rain gutters. Thus, the demand for seamless rain gutters is increasing. Rise in adoption and strong supply side of the seamless rain gutters are projected to create lucrative opportunities during the forecast period.

On the contrary, high competition and difficulties in getting qualified workers hamper the growth of Asia Pacific rain gutter market.

Based on material type, the Asia Pacific rain gutter market is segmented into aluminum, steel, vinyl, and others. The aluminum segment held 42.7% market share in 2023, amassing US$ 518.15 million. It is projected to garner US$ 720.49 million by 2031 to register 4.2% CAGR during 2023–2031.

In terms of application, the Asia Pacific rain gutter market is segmented into residential, commercial, and industrial. The residential segment held 58.1% share of Asia Pacific rain gutter market in 2023, amassing US$ 704.62 million. It is anticipated to garner US$ 990.99 million by 2031 to expand at 4.4% CAGR during 2023–2031.

By country, the Asia Pacific rain gutter market is segmented into Australia, China, India, Japan, South Korea, and the Rest of Asia Pacific. Our regional analysis states that China captured 32.6% share of Asia Pacific rain gutter market in 2023. It was assessed at US$ 394.77 million in 2023 and is likely to hit US$ 572.01 million by 2031, registering a CAGR of 4.7% during 2023–2031.

Key players operating in the Asia Pacific rain gutter market are RHEINZINK; Euro Guard Hysquare; OmniMax International, LLC; and Gibraltar Building Accessories Division, among others.

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