At 4.2% CAGR, North America Rain Gutter Market is Projected to be Worth US$ 4,733.59 Million by 2031, says Business Market Insights

According to Business Market Insights' research, the North America rain gutter market was valued at US$ 3,408.94 million in 2023 and is expected to reach US$ 4,733.59 million by 2031, registering a CAGR of 4.2% from 2023 to 2031. Growing investment in the house renovation activities and increasing demand for rainwater harvesting worldwide are among the critical factors attributed to drive the North America rain gutter market growth. 

The increase in unpredictable weather conditions has been putting pressure on rain gutters and other home maintenance systems across North American and European countries. Hence, there is a surge in demand for repair and maintenance. Moreover, there is an increase in house renovation and construction activities across the globe. Further, North Americans consumers spent significant amount in home renovations in 2023. In 2023, the average median spending on home renovations in the US totaled US$ 24,000, increased by 60% compared to 2020. According to the Forbes Report, house renovation spending was valued US$ $481 billion in 2023 increased from US$ 371 billion in 2021. The increase in house renovation, repair, and maintenance activities is propelling the North America rain gutter market growth globally.

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

Based on material type, the North America rain gutter market is segmented into aluminum, steel, vinyl, and others. The blasting segment held 42.3% market share in 2023, amassing US$ 1,441.93 million. It is projected to garner US$ 1,965.35 million by 2031 to register 3.9% CAGR during 2023-2031.

In terms of application, the North America rain gutter market is segmented into residential, commercial, and industrial. The residential segment held 58.1% share of North America rain gutter market in 2023, amassing US$ 1,993.77 million. It is anticipated to garner US$ 2,759.92 million by 2031 to expand at 4.1% CAGR during 2023-2031.

By country, the North America rain gutter market is segmented into US, Canada, and Mexico. Our regional analysis states that the US captured 75.4% share of North America rain gutter market in 2023. It was assessed at US$ 2,569.32 million in 2023 and is likely to hit US$ 3,590.43 million by 2031, registering a CAGR of 4.3% during 2023-2031.

Key players operating in the North America rain gutter market are Cornerstone Building Brands Inc; RHEINZINK; ENGLERT INC.; OmniMax International, LLC; Gibraltar Building Accessories Division; Spectra Gutter Systems; and Alside, among others.

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