As the housing and commercial construction markets continue to grow, many developers are looking into green construction solutions to maximize energy efficiency, take advantage of government incentives and upcoming policies, and reduce construction costs. These trends make green construction franchises a hot investment for 2022 and beyond.
According to Allied Market Research, the global green building materials market size is expected to reach US$377,029 million by 2022, a CAGR of 11.9% in the last five years. The key market drivers for this growth are developers looking to reduce costs of construction combined with government incentives and policies to reduce the environmental impact of conventional fabrication, processing, installation, transportation, and disposal of building materials. These green practices will reduce waste of materials, conserve natural resources, reduce pollution, and provide low operational maintenance costs for homeowners and business owners.
A study by Business Wire found that the global construction industry is expected to reach an estimated $10.5 trillion by 2023, growing at a CAGR of 4.2%. The key market drivers for this growth are increasing urbanization and a growing population of homebuyers. An additional study by Business Wire found that the commercial construction industry faces a pressure to shift toward green construction techniques because of the continued price decline of green materials combined with the rise in costs of non-sustainable materials. Crude oil prices, a key ingredient of asphalt, recently increased by 49%
These trends indicate that green construction franchises are well-positioned for a coming boom. Check out these three franchises ready for investment:
Impresa Modular
Founded in 2008, Impressa Modular has grown nationwide as a licensed, certified, and registered pre-fabricated home builder in more than 40 states. Offering energy efficient, sustainable, home design plans and construction, the franchise combine in-factory home manufacturing with onsite foundation work to create modular structures that are built to last up to 50% longer than conventional construction. Startup costs for franchisees looking to open an Impressa Modular unit begin at $50,000. For more information on beginning a franchise opportunity with Impressa Modular, click here.
Solatube International, Inc
Established in 1989, SolaTube International, Inc. designs and builds commercial and residential skylights, ventilation systems, and other products that help buildings conserve energy through natural light and cooling solutions. Initial costs for a SolaTube International, Inc begin at $108,000. To get started on a franchise opportunity with Solatube International, Inc, click here.
SuperGreen Solutions
Founded in 2010 and franchising since 2012, SuperGreen Solutions has grown to 30 green construction consultant locations. The franchise provides energy audits and recommended improvements with installation of solar solutions, EV charging stations, and air purification in both residential and commercial spaces. SuperGreen has been recognized by Entrepreneur’s Top 100 New Franchises, Top 200 Global Franchises, Military Times Best for Vets, and received special recognition from the Global Franchise Awards. Opening a SuperGreen Solutions location has an initial startup cost of $39,000. To learn more about a franchise opportunity with SuperGreen Solutions, click here.
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