According to the recent study the siding market is projected to reach an estimated $127.7 billion by 2028 from $101.7 billion in 2022, at a CAGR of 3.9% from 2023 to 2028. 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).
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“Vinyl market is expected to remain the largest segment during the forecast period.”
Based on material, the siding market is segmented into fiber cement, vinyl, metal, stucco, concrete and stone, brick, wood, and others. Lucintel forecasts that the vinyl market is expected to remain the largest segment due to low material and maintenance cost and availability of wide variety of colors.
“Within the siding market, the non-residential segment is expected to remain the largest end use”
Based on end use the non-residential segment is expected to witness the highest growth over the forecast period due to growth in retail and office buildings.
“Asia pacific will dominate the siding market in near future”
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.
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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 click on this link https://www.lucintel.com/siding-market.aspx or [email protected]