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; it is estimated to register a CAGR of 4.4% from 2023 to 2031.
Growing Adoption of Do-it-Yourself Rain Gutter Systems Boosts Asia Pacific Rain Gutter Market
The do-it-yourself (DIY) trend is growing rapidly across industries; the rain gutter industry is one of them. Rising inflation and growing awareness of the DIY concept among Gen Z and Millennials are contributing to the growing DIY trend. As per the survey conducted by Today's Homeowner Media in 2023, approximately 71% of the respondents stated that the adoption of DIY projects was due to increased inflation. In addition, owing to increased exposure of consumers to DIY and how-to-videos, the preferences for DIY projects have increased, ultimately driving the demand for DIY rain gutters. Apart from the growth in overall DIY preferences, the use of lighter materials such as vinyl and PVC is further leading to the growing adoption of the DIY concept globally. In addition, continuous growth in home improvement and DIY tools in emerging countries such as India and China are currently driving the demand for DIY rain gutters. For instance, as per the data published by Forbes Global Properties in September 2023, China is leading the home improvement and DIY tools. Consumers in China spent approximately US$ 711 million on DIY tools.
The expenditure on DIY tools and home improvement has also increased in India, owing to strong growth in the economy. Increased spending on DIY tools indicates increased preferences for DIY projects. Such growth in the DIY trends owing to increased awareness along with preferences for experiential projects the demand for DIY projects is growing. PVC rain gutter is low priced, and lightweight compared to all other materials thus, becoming preferred material for the DIY projects. Thus, many key players in the market are focusing on developing the new materials for the consumers. For instance, in April 2024, the CNP Plastic Industry Company Limited that produces vinyl rain gutters and roof sheets announced product development activities for the development of innovative products made up of vinyl. Such growing DIY spending and preferences along with presence of vinyl rain gutters, the demand for rain gutters is projected to increase in the coming years.
Asia Pacific Rain Gutter Market Overview
The rain gutter market in Asia Pacific is segmented into China, India, Australia, Japan, South Korea, and the Rest of Asia Pacific. A strong focus on the development of the construction sector is demonstrated in countries of Asia Pacific. With rising rainwater harvesting projects, many developed and developing countries are adopting sustainable water reserve practices, including the usage of rain gutters. In Asia Pacific, China has one of the enormous shares in the fabrication of rain gutters for the residential and commercial sectors.
Asia Pacific is witnessing the fastest-growing demand for rain gutters in the residential sector. China has demonstrated its importance as both a consumer and producer of rain gutters. The country is witnessing an upsurge in high-quality rain gutters, ensuring that they are functional, durable, and aesthetically pleasing. A few other rapidly growing economies, such as India, Indonesia, and Vietnam, in Asia Pacific also contribute to rain gutter demand growth, which is anticipated to bolster the rain gutter market in the region.
Asia Pacific Rain Gutter Market Revenue and Forecast to 2031 (US$ Million)
Asia Pacific Rain Gutter Market Segmentation
The Asia Pacific rain gutter market is categorized into material type, application, and country.
Based on material type, the Asia Pacific rain gutter market is segmented into aluminum, steel, vinyl, and others. the aluminum segment held the largest market share in 2023.
In terms of application, the Asia Pacific rain gutter market is segmented into residential, commercial, and industrial. The residential segment held the largest market share in 2023.
By country, the Asia Pacific rain gutter market is segmented into Australia, China, India, Japan, South Korea, and the Rest of Asia Pacific. China dominated the Asia Pacific rain gutter market share in 2023.
RHEINZINK; Euro Guard Hysquare; OmniMax International, LLC; and Gibraltar Building Accessories Division are some of the leading companies operating in the Asia Pacific rain gutter market.
| Report Attribute | Details |
|---|---|
| Market size in 2023 | US$ 1,212.44 Million |
| Market Size by 2031 | US$ 1,710.55 Million |
| CAGR (2023 - 2031) | 4.4% |
| Historical Data | 2021-2022 |
| Forecast period | 2024-2031 |
| Segments Covered |
By Material Type
|
| Regions and Countries Covered |
Asia Pacific
|
| Market leaders and key company profiles |
|
The Asia Pacific Rain Gutter Market is valued at US$ 1,212.44 Million in 2023, it is projected to reach US$ 1,710.55 Million by 2031.
As per our report Asia Pacific Rain Gutter Market, the market size is valued at US$ 1,212.44 Million in 2023, projecting it to reach US$ 1,710.55 Million by 2031. This translates to a CAGR of approximately 4.4% during the forecast period.
The Asia Pacific Rain Gutter Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Asia Pacific Rain Gutter Market report:
The Asia Pacific Rain Gutter Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Asia Pacific Rain Gutter Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Asia Pacific Rain Gutter Market value chain can benefit from the information contained in a comprehensive market report.
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