Need a report that reflects how COVID-19 has impacted this market and its growth?
The COVID-19 epidemic had a net beneficial effect on the gutter guard business in the North America. In 2020, demand soared, owing in large part to a boom in house renovation activity in the second half of the year. Because gutter guards are most typically purchased for house improvement and repair applications – which accounted for 85% of total demand in 2020 – the surge in home upgrades boosted gutter guard demand.
Gutter and downspout product demand is expected to reach USD 6.0 billion in 2022, driven by healthy growth in construction activity. While linear foot gains are expected to slow due to a slowing in residential improvement and repair activity, gutter suppliers and contractors can increase their competitiveness by expanding their product lines to include new colours and styles.
Gutter guards demand is heavily influenced by improvement and repair activity, particularly in residential buildings in North America. Increased reroofing activity drove strong sales growth from 2012 to 2017. As the economy recovered following the recession, homeowners began to undertake more reroofing projects, which frequently included gutter replacement.
In North America, the market for steel and aluminum gutter guards products is highly price competitive, so higher prices may become a issue for contractor’s competitive advantage.
Scope of the Report
The scope of the study is currenty focused on the North America Gutter Guard Market. An understanding of the North America Gutter Guard Market, regulatory environment, and their business models, along with detailed market segmentaion, product types, current market trends, and growth opportunities. In-depth analysis of the market size and forecast for the various segments. The North America Gutter Guards is segmented based on the By Product Type (Meshes and Screens, Hoods and Covers, Plastics Foams and Bristles), by End User (Residential, and Commercial) and by Geography (United States, and Canada).
|Meshes and Screens|
|Hoods and Covers|
|Plastic Frames and Bristles|
Key Market Trends
Hip Roofs slope will drive the market
Hip Roofs or Hipped Roofs are the second most popular or commonly used style of roof in North America. A hipped roof is characterized by the fact that it slopes down from all four sides to the walls and has no vertical sides. A hipped roof is suitable for longevity because it is one of the most aerodynamic styles and can withstand hurricanes and hail better than flat roofs. Hip style roofs slope on all four sides of the home and typically require gutters along each slope, whereas a gable roof only requires gutters on two sides of the home.
As a result, more newly built homes will require greater lengths of gutter and downspout products than their predecessors, boosting new sales and expanding the consumer base for replacement sales going forward.
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Home Renovations in North America
In 2020, 52% of homeowners who renovated their home. Home renovation is when homeowners choose to remodel their home. These changes can be exterior or interior, as well as property improvements. Renovating a home can also include adding amenities or fixing what is already there. Home maintenance is a vital aspect of being a homeowner, so the home remains safe to live in. However, there are also aesthetic purposes to home renovations. Home rennovations in North America is driving the Gutter Guard Market
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The report includes an overview of Gutter Guards comapnies operating across North America. We wish to present detailed profiling of a few major companies which cover product offerings, regulations governing them, their headquarters, and financial performance. Currently some of the amjor players dominating the market are listed below
- In 2021, Gutterglove started DIY gutter guards, which was made available at low prices and pro-installed gutter guards. This new trend of DIY gutter guards can withstand 150 inches of rain per hour and also has 40 years limited parts of warranty.
Table of Contents
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.3 Market Restraints
4.4 Value Chain/Supply Chain Analyisis
4.5 Porters 5 Force Analysis
4.5.1 Threat of New Entrants
4.5.2 Bargaining Power of Buyers/Consumers
4.5.3 Bargaining Power of Suppliers
4.5.4 Threat of Substitute Products
4.5.5 Intensity of Competitive Rivalry
4.6 Insights on Technological Trends and Consumer Preferences
4.7 Insights on Government Regulations
4.8 Impact of COVID-19 on the Market
5. MARKET SEGMENTATION
5.1 By Product
5.1.1 Meshes and Screens
5.1.2 Hoods and Covers
5.1.3 Plastic Frames and Bristles
5.2 By Market
5.3 By Geography
5.3.1 United States
6. COMPETITIVE LANDSCAPE
*List Not Exhaustive
6.1 Market Competition Overview (Market Concentration And M&A Deals)
6.2 Company Profiles
6.2.1 Gutter guards America
6.2.2 Leafless in Seattle
6.2.6 Homecraft Gutter Protection
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
8. DISCLAIMER AND ABOUT US
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Frequently Asked Questions
What is the study period of this market?
The North America Gutter Guards Market market is studied from 2018 - 2027.
What is the growth rate of North America Gutter Guards Market?
The North America Gutter Guards Market is growing at a CAGR of >3% over the next 5 years.
Who are the key players in North America Gutter Guards Market?
Gutter Guards America, Leafless in Seattle, Waterlock, LeafFilter, Gutterglove are the major companies operating in North America Gutter Guards Market.