At 4.7% CAGR, Europe Rain Gutter Market is Projected to be Worth US$ 3,603.98 Million by 2031, says Business Market Insights

According to Business Market Insights’ research, the Europe rain gutter market was valued at US$ 2,487.73 million in 2023 and is expected to reach US$ 3,603.98 million by 2031, registering a CAGR of 4.7% from 2023 to 2031. Increasing demand for rainwater harvesting worldwide and growing investment in the house renovation activities are among the critical factors attributed to drive the Europe rain gutter market growth.

Rainwater harvesting is widely adopted globally as it allows the collection of large amounts of water and mitigates the current water scarcity problems in various countries. Rainwater harvesting is adopted by most of the residential and commercial construction companies and contractors in order to solve the water scarcity problems. Most rooftops have the necessary platforms and rain gutter systems for collecting rainwater. Rainwater is freely available and can be utilized for various household purposes. The annual investment in rainwater harvesting is increasing rapidly due to a surge in demand for water conservation and an increase in government support and initiatives. More than 1.8 million German households and businesses collect rainwater from their roofs in tanks for later reuse. It is the largest market for rain harvesting in Europe. The German rainwater tax is a community levy that amounts to more than one hundred euros per year. Households are charged for water that drains into the public sewer system and damages the residents, their property, and the environment.

Several companies are developing rainwater harvesting projects to meet the water demand. Hence, the rise in investment in rainwater harvesting projects worldwide, combined with a surge in government support and initiatives, drives the market.

On the contrary, high competition and difficulties in getting qualified workers hampers the growth of Europe rain gutter market.

Based on material type, the Europe rain gutter market is segmented into aluminum, steel, vinyl, and others. The aluminum segment held 41.8% market share in 2023, amassing US$ 1,039.75 million. It is projected to garner US$ 1,491.20 million by 2031 to register 4.6% CAGR during 2023–2031.

In terms of application, the Europe rain gutter market is segmented into residential, commercial, and industrial. The residential segment held 58.0% share of Europe rain gutter market in 2023, amassing US$ 1,441.99 million. It is anticipated to garner US$ 2,083.08 million by 2031 to expand at 4.7% CAGR during 2023–2031.

By country, the Europe rain gutter market is segmented into Germany, France, Italy, the UK, Russia, and the Rest of Europe. Our regional analysis states that Germany captured 23.2% share of Europe rain gutter market in 2023. It was assessed at US$ 578.30 million in 2023 and is likely to hit US$ 848.74 million by 2031, registering a CAGR of 4.9% during 2023–2031.

Key players operating in the Europe rain gutter market are Lindab AB; Seamless Aluminium Group; RHEINZINK; Plastmo A/S; Marley Deutschland GmbH; Areco; Guttercrest LTD.; OmniMax International, LLC; Gibraltar Building Accessories Division; and Schlüter-Systems KG, among others.

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