According to the recent study the siding market is projected to reach an estimated $153 billion by 2030 from $122 billion in 2023 at a CAGR of 3.3% from 2023 to 2030. Growth in this market is primarily driven by increasing construction activities, growing repair and maintenance of building exteriors, and a rise in the hospitality industry.
Browse 129 figures/charts
and 102 tables in this 187-page report to understand trends, opportunities and
forecast in siding market by material (fiber cement, vinyl, metal, stucco,
concrete and stone, brick, wood, and others), end use (residential and non
residential), application (new construction and repair and maintenance), and
region (North America, Europe, Asia Pacific, and the Rest of the World).
Lucintel forecasts that
vinyl will remain the largest material type segment over the forecast period
due low material and maintenance cost and availability of wide variety of
colors.
Within the global siding
market, non-residential will remain the largest end use segment during the
forecast period due to growth in retail and office buildings. Residential
construction is expected to witness the highest growth during the forecast
period due to increasing adoption of energy efficient homes.
Asia Pacific is expected
to remain the largest market and witness the highest growth over the forecast
period, supported by increasing urbanization and building construction
activities.
Major players of siding
market are adopting various growth strategies like new product launches, expansions,
merger and acquisitions, partnerships, agreements, and collaborations to expand
their presence in this market. Valmont Industries, Kingspan, James Hardie,
Nichiha, Ply Gem, Louisiana Pacific, Georgia Pacific Vinyl Siding, Revere
Building Products, and Lixil Group Corporation are among the major siding
providers.
This unique research
report will enable you to make confident business decisions in this globally
competitive marketplace. For a detailed table of contents, contact Lucintel at
+1-972-636-5056 or write us at helpdesk@lucintel.com.
About Lucintel
At Lucintel,
we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor
for 1,000+ clients for over 20 years. We are quoted in several publications
like the Wall Street Journal, ZACKS, and the Financial Times.
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. +1 972.636.5056
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