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Siding Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

June 2023 | 144 pages | ID: S7584A240710EN
IMARC Group

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Market Overview:

The global siding market size reached US$ 97.2 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 123.8 Billion by 2028, exhibiting a growth rate (CAGR) of 3.2% during 2023-2028. The increasing construction projects, rising number of remodeling activities, and the growing instances of natural disasters represent some of the key factors driving the market.

Siding refers to the exterior cladding or covering of a building made from materials, such as vinyl, wood, fiber cement, or aluminum. Its installation involves several steps, including preparing the exterior of the building, installing the siding panels, and adding finishing touches like trim and caulking. It is applied to the roof and walls in different shapes and styles like clapboard, shingles, shakes, verticals, and panels, depending on the requirements of the user. It assists in providing a protective layer on the exterior of a building and shielding it from wind, rain, snow, and weather conditions to prevent damage to the structure and interior of the building. It also enhances the curb appeal of the building, adding visual interest and style. It improves the energy efficiency of a building by providing additional insulation, reducing heating and cooling costs and making the building more comfortable.

Siding Market Trends:

Increasing construction projects in residential areas on account of rapid urbanization and inflating income levels represent one of the major factors driving the demand for siding around the world. Moreover, rising renovation and remodeling in homes, hotels, restaurants, airports, offices, shopping malls, cafes, and educational institutions is catalyzing the demand for siding to improve the appearance and energy efficiency of the place. In addition, the growing instances of natural disasters, such as hurricanes, tornadoes, and wildfires, that can cause damage to homes are influencing the demand for siding. Apart from this, key players are extensively investing in research and development (R&D) activities to introduce new siding materials and technologies that are more energy efficient, durable, and cost effective. Furthermore, due to increasing environmental concerns, governing agencies of numerous countries are undertaking initiatives to promote the adoption of green siding materials and reduce carbon emissions. These materials do not contain harmful chemicals or toxins that can emit gas into indoor air and help reduce indoor moisture levels. Besides this, there is a rise in the number of boutique hotels, which are relatively smaller than traditional hotels but offer ultra-luxury services. This, coupled with significant growth in the travel and tourism industry and the growing investments in the construction of hotels, is creating a positive outlook for the market.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global siding market report, along with forecasts at the global and regional level from 2023-2028. Our report has categorized the market based on material, end use and application.

Material Insights:

Fiber Cement
Vinyl
Metal
Stucco
Concrete and Stone
Brick
Wood
Others

The report has provided a detailed breakup and analysis of the siding market based on the material. This includes fiber cement, vinyl, metal, stucco, concrete and stone, brick, wood, and others. According to the report, fiber cement represented the largest segment.

End Use Insights:

Residential
Non-Residential

Healthcare
Education
Hospitality
Retail
Offices
Others

A detailed breakup and analysis of the siding market based on the end use has also been provided in the report. This includes residential and non-residential (healthcare, education, hospitality, retail, offices, and others). According to the report, residential accounted for the largest market share.

Application Insights:

New Construction
Repair and Maintenance

The report has provided a detailed breakup and analysis of the siding market based on the application. This includes new construction and repair and maintenance.

Regional Insights:

North America
Europe
Asia Pacific
Middle East and Africa
Latin America

The report has also provided a comprehensive analysis of all the major regional markets, which include North America, Europe, Asia Pacific, Middle East and Africa, and Latin America. According to the report, North America was the largest market for siding. Some of the factors driving the North America siding market included product innovations, rising renovation activities, R&D projects, etc.

Competitive Landscape:

The report has also provided a comprehensive analysis of the competitive landscape in the global siding market. Competitive analysis such as market structure, market share by key players, player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided. Some of the companies covered include Boral Limited, Georgia-Pacific Wood Products LLC, James Hardie Building Products Inc., Kingspan Group, Nichiha USA Inc., Louisiana-Pacific Corporation, Dцcke Extrusion LLC, Alumasc Group PLC, Ply Gem Industries Inc., Knauf Gips KG, Etex Group, Lixil Group Corporation, ROCKWOOL Group, C. & S. Cladding (Wales) Limited T/A National Cladding Wales, Revelstone Cape (Pty) Ltd, Wienerberger AG, etc. Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.

Key Questions Answered in This Report:

What was the size of the global siding market in 2022?
What is the expected growth rate of the global siding market during 2023-2028?
What are the key factors driving the global siding market?
What has been the impact of COVID-19 on the global siding market?
What is the breakup of the global siding market based on the material?
What is the breakup of the global siding market based on the end use?
What are the key regions in the global siding market?
Who are the key players/companies in the global siding market?
1 PREFACE

2 SCOPE AND METHODOLOGY

2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
  2.3.1 Primary Sources
  2.3.2 Secondary Sources
2.4 Market Estimation
  2.4.1 Bottom-Up Approach
  2.4.2 Top-Down Approach
2.5 Forecasting Methodology

3 EXECUTIVE SUMMARY

4 INTRODUCTION

4.1 Overview
4.2 Key Industry Trends

5 GLOBAL SIDING MARKET

5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Breakup by Material
5.5 Market Breakup by End Use
5.6 Market Breakup by Application
5.7 Market Breakup by Region
5.8 Market Forecast

6 MARKET BREAKUP BY MATERIAL

6.1 Fiber Cement
  6.1.1 Market Trends
  6.1.2 Market Forecast
6.2 Vinyl
  6.2.1 Market Trends
  6.2.2 Market Forecast
6.3 Metal
  6.3.1 Market Trends
  6.3.2 Market Forecast
6.4 Stucco
  6.4.1 Market Trends
  6.4.2 Market Forecast
6.5 Concrete and Stone
  6.5.1 Market Trends
  6.5.2 Market Forecast
6.6 Brick
  6.6.1 Market Trends
  6.6.2 Market Forecast
6.7 Wood
  6.7.1 Market Trends
  6.7.2 Market Forecast
6.8 Others
  6.8.1 Market Trends
  6.8.2 Market Forecast

7 MARKET BREAKUP BY END USE

7.1 Residential
  7.1.1 Market Trends
  7.1.2 Market Forecast
7.2 Non-Residential
  7.2.1 Market Trends
  7.2.2 Market Breakup by Type
    7.2.2.1 Healthcare
      7.2.2.1.1 Market Trends
      7.2.2.1.2 Market Forecast
    7.2.2.2 Education
      7.2.2.2.1 Market Trends
      7.2.2.2.2 Market Forecast
    7.2.2.3 Hospitality
      7.2.2.3.1 Market Trends
      7.2.2.3.2 Market Forecast
    7.2.2.4 Retail
      7.2.2.4.1 Market Trends
      7.2.2.4.2 Market Forecast
    7.2.2.5 Offices
      7.2.2.5.1 Market Trends
      7.2.2.5.2 Market Forecast
    7.2.2.6 Others
      7.2.2.6.1 Market Trends
      7.2.2.6.2 Market Forecast
  7.2.3 Market Forecast

8 MARKET BREAKUP BY APPLICATION

8.1 New Construction
  8.1.1 Market Trends
  8.1.2 Market Forecast
8.2 Repair and Maintenance
  8.2.1 Market Trends
  8.2.2 Market Forecast

9 MARKET BREAKUP BY REGION

9.1 North America
  9.1.1 Market Trends
  9.1.2 Market Forecast
9.2 Europe
  9.2.1 Market Trends
  9.2.2 Market Forecast
9.3 Asia Pacific
  9.3.1 Market Trends
  9.3.2 Market Forecast
9.4 Middle East and Africa
  9.4.1 Market Trends
  9.4.2 Market Forecast
9.5 Latin America
  9.5.1 Market Trends
  9.5.2 Market Forecast

10 SWOT ANALYSIS

10.1 Overview
10.2 Strengths
10.3 Weaknesses
10.4 Opportunities
10.5 Threats

11 VALUE CHAIN ANALYSIS

12 PORTER’S FIVE FORCES ANALYSIS

12.1 Overview
12.2 Bargaining Power of Buyers
12.3 Bargaining Power of Suppliers
12.4 Degree of Competition
12.5 Threat of New Entrants
12.6 Threat of Substitutes

13 PRICE ANALYSIS

14 COMPETITIVE LANDSCAPE

14.1 Market Structure
14.2 Key Players
14.3 Profiles of Key Players
  14.3.1 Boral Limited
  14.3.2 Georgia-Pacific Wood Products LLC
  14.3.3 James Hardie Building Products Inc.
  14.3.4 Kingspan Group
  14.3.5 Nichiha USA Inc.
  14.3.6 Louisiana-Pacific Corporation,
  14.3.7 Alumasc Group PLC
  14.3.8 Dцcke Extrusion LLC
  14.3.9 Ply Gem Industries Inc.
  14.3.10 Knauf Gips KG
  14.3.11 Etex Group
  14.3.12 Lixil Group Corporation
  14.3.13 ROCKWOOL Group
  14.3.14 C. & S. Cladding (Wales) Limited T/A National Cladding Wales
  14.3.15 Revelstone Cape (Pty) Ltd
  14.3.16 Wienerberger AG


LIST OF TABLES

Table 1: Global: Siding Market: Key Industry Highlights, 2022 and 2028
Table 2: Global: Siding Market Forecast: Breakup by Material (in Billion US$), 2023-2028
Table 3: Global: Siding Market Forecast: Breakup by End Use (in Billion US$), 2023-2028
Table 4: Global: Siding Market Forecast: Breakup by Application (in Billion US$), 2023-2028
Table 5: Global: Siding Market Forecast: Breakup by Region (in Billion US$), 2023-2028
Table 6: Global: Siding Market Structure
Table 7: Global: Siding Market: Key Players
 


LIST OF FIGURES

Figure 1: Global: Siding Market: Major Drivers and Challenges
Figure 2: Global: Siding Market: Sales Value (in Billion US$), 2017-2022
Figure 3: Global: Siding Market: Breakup by Material (in %), 2022
Figure 4: Global: Siding Market: Breakup by End Use (in %), 2022
Figure 5: Global: Siding Market: Breakup by Application (in %), 2022
Figure 6: Global: Siding Market: Breakup by Region (in %), 2022
Figure 7: Global: Siding Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 8: Global: Siding Industry: SWOT Analysis
Figure 9: Global: Siding Industry: Value Chain Analysis
Figure 10: Global: Siding Industry: Porter’s Five Forces Analysis
Figure 11: Global: Siding (Fiber Cement) Market: Sales Value (in Billion US$), 2017 & 2022
Figure 12: Global: Siding (Fiber Cement) Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 13: Global: Siding (Vinyl) Market: Sales Value (in Billion US$), 2017 & 2022
Figure 14: Global: Siding (Vinyl) Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 15: Global: Siding (Metal) Market: Sales Value (in Billion US$), 2017 & 2022
Figure 16: Global: Siding (Metal) Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 17: Global: Siding (Stucco) Market: Sales Value (in Billion US$), 2017 & 2022
Figure 18: Global: Siding (Stucco) Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 19: Global: Siding (Concrete and Stone) Market: Sales Value (in Billion US$), 2017 & 2022
Figure 20: Global: Siding (Concrete and Stone) Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 21: Global: Siding (Brick) Market: Sales Value (in Billion US$), 2017 & 2022
Figure 22: Global: Siding (Brick) Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 23: Global: Siding (Wood) Market: Sales Value (in Billion US$), 2017 & 2022
Figure 24: Global: Siding (Wood) Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 25: Global: Siding (Other Material Types) Market: Sales Value (in Billion US$), 2017 & 2022
Figure 26: Global: Siding (Other Material Types) Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 27: Global: Siding (Residential) Market: Sales Value (in Billion US$), 2017 & 2022
Figure 28: Global: Siding (Residential) Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 29: Global: Siding (Non-Residential) Market: Sales Value (in Billion US$), 2017 & 2022
Figure 30: Global: Siding (Non-Residential) Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 31: Global: Siding (Healthcare) Market: Sales Value (in Billion US$), 2017 & 2022
Figure 32: Global: Siding (Healthcare) Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 33: Global: Siding (Education) Market: Sales Value (in Billion US$), 2017 & 2022
Figure 34: Global: Siding (Education) Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 35: Global: Siding (Hospitality) Market: Sales Value (in Billion US$), 2017 & 2022
Figure 36: Global: Siding (Hospitality) Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 37: Global: Siding (Retail) Market: Sales Value (in Billion US$), 2017 & 2022
Figure 38: Global: Siding (Retail) Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 39: Global: Siding (Offices) Market: Sales Value (in Billion US$), 2017 & 2022
Figure 40: Global: Siding (Offices) Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 41: Global: Siding (Other End Uses) Market: Sales Value (in Billion US$), 2017 & 2022
Figure 42: Global: Siding (Other End Uses) Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 43: Global: Siding (New Construction) Market: Sales Value (in Billion US$), 2017 & 2022
Figure 44: Global: Siding (New Construction) Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 45: Global: Siding (Repair and Maintenance) Market: Sales Value (in Billion US$), 2017 & 2022
Figure 46: Global: Siding (Repair and Maintenance) Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 47: North America: Siding Market: Sales Value (in Billion US$), 2017 & 2022
Figure 48: North America: Siding Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 49: Europe: Siding Market: Sales Value (in Billion US$), 2017 & 2022
Figure 50: Europe: Siding Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 51: Asia Pacific: Siding Market: Sales Value (in Billion US$), 2017 & 2022
Figure 52: Asia Pacific: Siding Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 53: Middle East and Africa: Siding Market: Sales Value (in Billion US$), 2017 & 2022
Figure 54: Middle East and Africa: Siding Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 55: Latin America: Siding Market: Sales Value (in Billion US$), 2017 & 2022
Figure 56: Latin America: Siding Market Forecast: Sales Value (in Billion US$), 2023-2028


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