According to a new market report published by Lucintel, the siding market looks promising with opportunities in non-residential and residential construction. The siding market is expected to reach an estimated $107,871.4 million by 2024 with a CAGR of 4.3% from 2019 to 2024. The major growth drivers for this market are increasing construction activities, growing repair and maintenance of building exteriors, and a rise in the hospitality industry.
Browse 111 market data tables and 148 figures spread through 205 pages and in-depth TOC on “Siding Market"
To download report brochure, please go to https://www.lucintel.com/siding-market.aspx and click "report brochure" tab from the menu.
In this market, different types of siding such as fiber cement, vinyl, metal, stucco, concrete and stone, brick, wood, and others are used as material. Lucintel forecasts that the vinyl will remain the largest material type over the forecast period due low material and maintenance cost and availability of wide variety of colors. Lucintel predicts that fiber cement will witness the highest growth during the forecast period due to its eco-friendly nature and fire-resistant property.
Within the siding market, non-residential will remain the largest end use market 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.
Emerging trends which have a direct impact on the dynamics of the siding market include increasing adoption of fiber cement siding and increasing use of sidings with good insulation to reduce energy consumption through air conditioners and heaters. Kingspan, James Hardie, Nichiha, Ply Gem, Louisiana Pacific, Georgia Pacific Vinyl Siding, Revere Building Products, and Lixil Group Corporation and others are among the major siding manufacturers.
Lucintel, a leading global strategic consulting and market research firm, has analyzed the siding market by material, end use, application, and region and has come up with a comprehensive research report entitled “Growth Opportunities in the Siding Market 2019-2024: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy as it provides a comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the siding market by material, end use, application, and region as follows:
By Material [Value ($ Million) and Volume (Million Square Feet) from 2013 to 2024]:
Fiber Cement
Vinyl
Metal
Stucco
Concrete and Stone
Brick
Wood
Other
By End Use [Value ($ Million) and Volume (Million Square Feet) from 2013 to 2024]:
Residential
Non Residential
Healthcare
Education
Hospitality
Retail
Office
Others
By Application [Value ($ Million) for 2019 and 2024]:
New Construction
Repair and Maintenance
By Region [$M shipment analysis for 2013 to 2024]:
North America
United States
Canada
Mexico
Europe
Asia Pacific
The Rest of the World
This 205-page 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 helpdesk@lucintel.com.
About Lucintel
Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.