Growing Investment in House Renovation Activities Boosting Rain Gutter Market Growth
According to our latest study on "Rain Gutter Market Analysis and Forecast to 2031 – by Material Type and Application," the market is expected to grow from US$ 7,663.99 million in 2023 to US$ 10,758.15 million by 2031; it is anticipated to record a CAGR of 4.33% from 2023 to 2031. The report includes growth prospects owing to the current rain gutter market trends and their foreseeable impact during the forecast period.
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. For example, in European countries, the annual average production in construction activities in 2023 increased by 0.2% compared with 2022. According to the Recovery and Resilience Facility by the European Commission, the European Council agreed to invest US$ 732.78 billion to support construction renovation investment and energy-related efficiency across the European State Members. Further, consumers in North America spent a significant amount on 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 at US$ $481 billion in 2023, increasing from US$ 371 billion in 2021. The increase in house renovation, repair, and maintenance activities is contributing to the growing rain gutter market size.
Rain Gutter Market Share — by Region, 2023
Rain Gutter Market Size and Forecast (2021 - 2031), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Material Type (Aluminum, Steel, Vinyl, and Others), Application (Residential, Commercial, and Industrial), and Geography
Rain Gutter Market Key Findings, Size, and Share by 2031
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Source: The Insight Partners Analysis
The global rain gutter market is segmented based on material type and application. Based on material type, the market is segmented into aluminum, steel, vinyl, and others. The aluminum segment led the rain gutter market in 2023. Aluminum rain gutters are easy to install, which is boosting their demand. The steel segment is anticipated to register the highest CAGR during the forecast period. Based on application, the market is segmented into residential and commercial.
Key market players profiled in the rain gutter market report include key players such as Lindab AB; Cornerstone Building Brands Inc.; Seamless Aluminium Group; RHEINZINK; Plastmo A/S; and more. The market players are focusing on merger and acquisition and partnership activities to sustain in the competitive environment. In June 2024, Great Day Improvements LLC, a national direct-to-consumer re-modeling firm, acquired Leafguard and Englert. With this acquisition, the company invested in the home improvement business with products such as rain gutter systems and metal roofing of the Great Day's existing product portfolio. This strategic acquisition allows Great Day Improvement LLC to expand its footprint and grow its product portfolio.
The scope of the rain gutter market report focuses on North America (the US, Canada, and Mexico), Europe (Spain, the UK, Germany, France, Italy, and the Rest of Europe), Asia Pacific (South Korea, China, India, Japan, Australia, and the Rest of Asia Pacific), the Middle East & Africa (South Africa, Saudi Arabia, the UAE, and the Rest of Middle East & Africa), and South & Central America (Brazil, Argentina, and the Rest of South & Central America). APAC held the largest rain gutter market share in 2023 and is projected to maintain its dominance during the forecast period. North America is the second-largest contributor to the global rain gutter market, followed by Europe.
In terms of revenue, North America, Europe, and Asia Pacific are major regions in the rain gutter market. The high presence of rain gutter manufacturers and suppliers in North America—including Cornerstone Building Brands, Englert Inc., Alside, and OmniMax International, LLC—propels the market. Additionally, the increase in advancements and developments in the commercial and residential construction sectors fuels the growth of the global rain gutter market size.
Growing demand for water in the agriculture and industrial sectors and rising number of new construction projects boost the growth of the rain gutter market globally. The demand for rain gutters is continuously growing due to the rising water scarcity concerns. The growing crisis of water consumption owing to high population growth and industrialization is propelling the need for rainwater harvesting in various countries. Rainwater harvesting is being contemplated as a potential measure to cope with the expanding water demand.
Growing number of rainwater harvesting projects and increasing government focus on strengthening water security are prime drivers for the rain gutter market in Europe. Germany and the UK are among the major countries operating in the market in Europe. The development of the construction sector and the rise in demand for water in rural areas across different countries in Asia Pacific, such as China, India, Australia, South Korea, and Japan, propel the demand for rain gutters across the region.
The expanding demand for water in different end-use sectors, such as construction and agriculture, bolsters the application of rain gutters in the Middle East & Africa. The rise in construction activities boosts the utilization of rain gutters in the region, as the application of rain gutters is crucial for rainwater harvesting.
The expanding production of advanced rain gutters such as vinyl, aluminum, steel, and copper rain gutters boost the rain gutter market growth in South American countries such as Brazil, Argentina, and Chile. Population growth and urbanization, which fuel the development of residential and commercial infrastructure, foster the application of rain gutters, driving the rain gutter market growth in South America. The rain gutter market was valued at US$ 7,663.99 million in 2023 and is projected to reach US$ 10,758.15 million by 2031; it is expected to register a CAGR of 4.33% during 2023–2031.
Lindab AB; Cornerstone Building Brands Inc.; Seamless Aluminium Group; RHEINZINK; Plastmo A/S; Marley Deutschland GmbH; Areco; Guttercrest LTD; Englert Inc; Euro Guard Hysquare; Alside; OmniMax International, LLC; Gibraltar Building Accessories Division; Spectra Gutter Systems; and Schluter-Systems KG are among the key players profiled in the rain gutter market report. Companies in the rain gutter market mainly focus on product and service enhancements by integrating advanced features and technologies into their offerings.
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