According to the recent study the siding market is projected to reach an estimated $150.0 billion by 2030 from $119.7 billion in 2023, at a CAGR of 3.0% from 2024 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.
A total of less than 200 pages 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.
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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.
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 To get access of more than 1000 reports at fraction of cost visit Lucintel’s Analytics Dashboard.
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