Rain Barrels Market Analysis

The increasing scarcity of water in various regions across the globe is supporting the demand for rain barrels. Rain barrels help in reducing peak water demands generally during the summer. Apart from dealing with water scarcity problem, the rain barrels assist in controlling local flood problems by collecting water. The high volume holding capacity of rain barrels helps in collecting lots of water with less number of units. These factors are projected to drive the growth of the global rain barrels market during the forecast period. Incidentally, installing rain barrels also protects streams and rivers from erosion and prevents loss of soil. Rain barrels prevent pollutants from roads and paved areas from entering into the water bodies.

Moreover, installing rainwater is an easy technique to save water and reduce costs spent on the water bill and other related utilities. Also, rain barrels are highly durable as they can last for up to 20 years if maintained properly. These factors are supposed to drive the demand for rain barrels during the forecast period. The cost of rain barrels is quite high. This might hamper the growth of the global rain barrels market. Though some of the watershed associations are offering rain barrels at reduced prices, it helps in compensating the price barrier for rain barrels. Overall, the outlook for the global rain barrels market is expected to be positive during the forecast period.

Rain Barrels Market: Segmentation

Globally, the rain barrels market has been segmented on the basis of material type, capacity and region.

Regional Outlook

The U.S. is projected to witness high growth in the global rain barrels market. It is attributed to the growing consequences of floods and to prevent storm water runoff. In 2012, many areas in the U.S. were affected by drought. The practice of using rain barrels helps in minimizing the risk during droughts. Similar trends are expected to follow in countries such as Germany, France, and other such European countries. MEA and some parts of Asia Pacific regions are expected to witness high demand for rain barrels during the forecast period. Countries of MEA including Nigeria, Saudi Arabia, and other GCC countries witness low rainfall during the year, rain barrels can be a vital solution for rainwater harvesting. These factors are expected to drive the growth of the global rain barrels market during the forecast period.

Rain Barrels Market: Key Players

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macroeconomic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

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