Siding Market Analysis

Siding Market Analysis

To get key market trends

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Based on material type, the siding market is segmented as Vinyl Siding, Fiber Cement Siding, Wood Siding, Metal Siding, Engineered Wood Siding. Vinyl Siding held a majority market value of USD 72.82 billion in 2022. Vinyl siding is often more affordable compared to other siding options, making it an attractive choice for cost-conscious homeowners.
 

Based on type, the siding market is segmented as Horizontal Siding, Vertical Siding, Shake and Shingle Siding, Board and Batten Siding, Lap Siding. Horizontal siding held a dominant market share of around 40% in 2022 and is expected to grow at a lucrative pace till 2032. Horizontal siding offers a timeless and traditional look that appeals to a wide range of architectural styles, from colonial to ranch-style homes.
 

Based on application, the siding market is segmented as new construction, repair and maintenance. new construction held a dominant market share in 2022 and is anticipated to grow at 5% CAGR through 2032. Siding can be used to create visual interest through patterns, textures, and color contrasts.
 

Based on end-use, the siding market is segmented as residential siding, commercial siding. residential siding held a dominant market share in 2022 and is anticipated to grow significantly  up to 2032. Siding is widely used for single-family residences, offering protection from the elements and enhancing curb appeal.
 

U.S. dominated the North American region with majority siding market share and a revenue of USD 24.8 billion in 2022 and is anticipated to expand at a significant pace from 2023-2032. The demand for siding is closely tied to new residential construction. As housing starts increase, so does the need for siding materials for these new homes.