Report : Europe Rain Gutter Market Forecast to 2027 - COVID-19 Impact and Regional Analysis by Type Material Type (Aluminum, Steel, Vinyl, and Others) and Application (Residential and Commercial)
Aluminum Segment to Continue toDominate Rain Gutter Marketin Europe during Forecast Period
According to our latest market study on “Europe Rain Gutter MarketForecastto 2027 – COVID-19 Impact and Analysis–by Type Material Type (Aluminum, Steel, Vinyl, and Others) and Application (Residential and Commercial),” the market was valued at US$ 642.71 million in 2019 and is projected to reach US$ 766.87 million by 2027; it is expected to grow at a CAGR of 2.3% from 2020 to 2027.The report highlightskey factors driving the market growthand prominent players withtheir developmentsin the market.
Rain gutters are widelyused in commercial buildings such as schools, healthcare facilities, offices, restaurants, shopping complexes, and malls. Legal or building code requirements for commercial buildings vary according to the regulationsset bycity or county. For the residential application, mainly K-style or U-shapedcopper rain gutters are used.TheK-style gutter installations look similar to crown molding.
High-quality steel rain gutter systems are suitable for residential and commercial projects as steel confers corrosion-resistance, easy cleaning, and superior aesthetics. Steel rain gutters undergo non-negligible thermal expansion and contraction cycles with temperature change,unlike concrete or wood; not making the necessary provisions for these changes during installation might lead to potential gutter deforms, which may lead to improper drainage of the gutter systems..Steel guttersareheavy and expensive, and they provide a modern touch to anyresidential and commercial building. It can be painted andmay last for 5–10 years. .Besides, the rain gutters made from galvanized steel are rust-resistant, and they last for 10–15 years. While leaf guards help extend the life of any rain gutter, galvanized steel gutters are more effective as fallen leaves speed up the onset of rust.
Impact of COVID-19 Pandemicon Europe Rain Gutter Market
The ongoing COVID-19pandemichas disruptedseveral industries, such as manufacturing, construction, and materials, due to the nationwide lockdown and social distancing mandates; this has also hindered the rain gutter market. . According to data accessed from the European Commission, the construction industry witnessed a sharp decline of 25.8% between February and April this year; however, the business activities resumed steadily through April to June, registering 27.4% growth inthe construction goods production. Hence, the market is projected to offer steady business growth opportunity across the overall construction activities in the region, and subsequently in the Europe rain gutter market.
The report segments theEurope rain gutter market as follows:
By Material Type