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; it is estimated to register a CAGR of 4.2% from 2023 to 2031.
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.
Several companies are developing rainwater harvesting projects to meet the water demand. For instance, in February 2023, Optima Inc., the real estate development company, developed the largest private rainwater harvesting system in the US. Optima planned to build a project worth US$ 1 billion with sustainable residential areas and the largest private rainwater harvesting system. This project requires rain gutters to supply and save the water into storage tanks. Hence, the rise in investment in rainwater harvesting projects worldwide, combined with a surge in government support and initiatives, drives the market.
The US, Canada, and Mexico are the major nations contributing to the growth of the rain gutter market in North America. Mounting construction activities and the scaling demand for rainwater harvesting technologies in residential and commercial buildings across the region boost the market growth substantially. In addition, the growing popularity of eco-friendly construction techniques is expected to support the rain gutter market growth in North America during the forecast period. An increase in government initiatives to build the smart industrial sector is expected to fuel the demand for rain gutters in this region in the coming years. Moreover, favorable government schemes have positively impacted the US rainwater harvesting projects. According to McGraw Hill Construction and the Canada Green Construction Council, the eco-friendly building market in Canada is gradually rising. As a result, the demand for rain gutters to boost rainwater harvesting in construction projects has increased.
Cornerstone Building Brands, Englert Inc., Alside, and OmniMax International, LLC are contributing to the expansion of the North American rain gutter market. Mergers and acquisitions are among the chosen business strategies for key industry players looking to extend their geographic presence and complete product ranges. The growing realization of rainwater harvesting potential for landscape irrigation is one of the prime drivers for the rain gutter market across North America.
Some of the US states, such as Colorado, Arkansas, Kansas, Oregon, Utah, and Washington, may require a permit before implementing rainwater harvesting. However, the majority of states have no restrictions, while a few states provide additional support for harvesting rainwater by offering incentives. For instance, the City of Healdsburg offers rebates of up to US$ 500 for rain barrels and cisterns at a rate of US$ 0.50 per gallon.
The North America rain gutter market is categorized into material type, application, and country.
Based on material type, the North America 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 North America rain gutter market is segmented into residential, commercial, and industrial. The residential segment held the largest market share in 2023.
By country, the North America rain gutter market is segmented into the US, Canada, and Mexico. The US dominated the North America rain gutter market share in 2023.
Cornerstone Building Brands Inc; RHEINZINK; ENGLERT INC.; OmniMax International, LLC; Gibraltar Building Accessories Division; Spectra Gutter Systems; and Alside are some of the leading companies operating in the North America rain gutter market.
| Report Attribute | Details |
|---|---|
| Market size in 2023 | US$ 3,408.94 Million |
| Market Size by 2031 | US$ 4,733.59 Million |
| CAGR (2023 - 2031) | 4.2% |
| Historical Data | 2021-2022 |
| Forecast period | 2024-2031 |
| Segments Covered |
By Material Type
|
| Regions and Countries Covered |
North America
|
| Market leaders and key company profiles |
|
The North America Rain Gutter Market is valued at US$ 3,408.94 Million in 2023, it is projected to reach US$ 4,733.59 Million by 2031.
As per our report North America Rain Gutter Market, the market size is valued at US$ 3,408.94 Million in 2023, projecting it to reach US$ 4,733.59 Million by 2031. This translates to a CAGR of approximately 4.2% during the forecast period.
The North America 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 North America Rain Gutter Market report:
The North America Rain Gutter Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The North America Rain Gutter Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the North America Rain Gutter Market value chain can benefit from the information contained in a comprehensive market report.
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