Lucintel Forecasts Siding Market To Reach $150 Billion By 2030

By Author: Lucintel LLC
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According to the recent study the siding market is projected to reach an estimated $150 billion by 2030 from $120 billion in 2023 at a CAGR of 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.
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.
Download sample by clicking on siding market
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.
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.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. +1-972-636-5056
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