Siding market to grow by USD 20.01 billion from 2022 to 2027: Insights on major players like Wienerberger AG, and Woodtone among others- Technavio

Rhea-AI Summary

The latest siding market report reveals a booming industry, with a valuation of USD 80.13 billion in 2017 and projected growth of USD 20.01 billion from 2022 to 2027, at a CAGR of 4.11%. The APAC region dominates, accounting for 58% of the market share. Key drivers include a robust global construction industry, rising disposable incomes, and the growth of the travel sector. However, challenges such as low adoption in developing regions, labor shortages, and environmental concerns about vinyl siding are significant. Vendors like Boral, James Hardie, and Etex are competing by enhancing product visibility and adopting promotional strategies.

Positive

• Siding market projected to grow by USD 20.01 billion from 2022 to 2027 at a CAGR of 4.11%.
• APAC region holds the largest market share at 58%, highlighting strong regional performance.
• Growing global construction industry supports market expansion.

Negative

• Low adoption rates of sidings in developing regions pose a challenge.
• Shortage of skilled labor may impact market growth.
• Environmental concerns regarding vinyl siding could hinder its adoption.

NEW YORK, Feb. 14, 2023 /PRNewswire/ -- 

Siding market insights -

• Vendors: 15+, Including Boral Ltd., Docke Extrusion LLC, Etex NV, James Hardie Industries plc, Kaycan Ltd., Kingspan Group Plc, Knauf Digital GmbH, Koch Industries Inc., Koch Konstruction Inc, LIXIL Corp., Louisiana Pacific Corp., Nichiha, Ply Gem Residential Solutions, Revelstone, ROCKWOOL International AS, The Alumasc Group plc, Valmont Industries Inc., Westlake Corp., Wienerberger AG, and Woodtone among others
• Coverage: Key drivers, major trends, and challenges; customer and vendor landscape; vendor product insights and recent developments; key vendors; and market positioning of vendors
• Segments: End-user (residential, commercial, and public infrastructure), material (vinyl, fiber cement, wood, and others), and geography (APAC, North America, Europe, Middle East and Africa, and South America). 

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The siding market report provides critical information and factual data, with a qualitative and quantitative study of the market based on market drivers and limitations as well as future prospects.

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The report includes historic market data from 2017 to 2021. In 2017, the siding market was valued at USD 80.13 billion. From a regional perspective, APAC held the largest market share, valued at USD 38.24 billion. The siding market size is estimated to grow by USD 20.01 billion from 2022 to 2027 at a CAGR of 4.11% according to Technavio.

Siding market - Customer Landscape
To help companies evaluate and develop growth strategies, the report outlines –

• Key purchase criteria
• Adoption rates
• Adoption lifecycle
• Drivers of price sensitivity
• For highlights on customer landscape analysis, download a sample!

Siding market - Vendor Insights

The growing competition in the market is compelling vendors to adopt various growth strategies such as promotional activities and spending on advertisements to improve the visibility of their services. Technavio report analyzes the market's competitive landscape and offers information on several market vendors including -

• Boral Ltd: The company offers siding solutions such as Boral TruExterior Siding.
• Etex NV: The company offers siding solutions and related products such as UrbanPro fiber cement sheets.
• James Hardie Industries PLC: The company offers siding solutions such as Magnolia Home Collection.

Siding market – Market dynamics

Major Drivers –

• Booming global construction industry
• Increasing disposable incomes
• Growth of the travel industry

KEY Challenges – 

• Low adoption of sidings in developing
• Shortage of skilled labor
• Environmental impact of vinyl siding

Drivers, & Challenges have an impact on market dynamics and can impact businesses. Find some insights from a sample report!

What are the key data covered in this siding market report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the growth of the siding market between 2023 and 2027
• Precise estimation of the size of the siding market and its contribution to the parent market
• Accurate predictions about upcoming trends and changes in consumer behavior
• Growth of the siding market across APAC, North America, Europe, Middle East and Africa, and South America
• A thorough analysis of the market's competitive landscape and detailed information about vendors
• Comprehensive analysis of factors that will challenge the growth of siding market vendors

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Siding Market Scope
Report Coverage	Details
Page number	174
Base year	2022
Historic period	2017-2021
Forecast period	2023-2027
Growth momentum & CAGR	Accelerate at a CAGR of 4.11%
Market growth 2023-2027	USD 20.01 billion
Market structure	Fragmented
YoY growth 2022-2023 (%)	3.65
Regional analysis	APAC, North America, Europe, Middle East and Africa, and South America
Performing market contribution	APAC at 58%
Key countries	US, China, India, UK, and France
Competitive landscape	Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks
Key companies profiled	Boral Ltd., Docke Extrusion LLC, Etex NV, James Hardie Industries plc, Kaycan Ltd., Kingspan Group Plc, Knauf Digital GmbH, Koch Industries Inc., Koch Konstruction Inc, LIXIL Corp., Louisiana Pacific Corp., Nichiha, Ply Gem Residential Solutions, Revelstone, ROCKWOOL International AS, The Alumasc Group plc, Valmont Industries Inc., Westlake Corp., Wienerberger AG, and Woodtone
Market dynamics	Parent Market Analysis; Market growth inducers and obstacles; Fast-growing and slow-growing segment analysis for the forecast period
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Browse for Technavio "Materials" Research Reports

Table of Contents

1 Executive Summary

• 1.1 Market overview 
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by End-user
• Exhibit 06: Executive Summary – Chart on Market Segmentation by Material
• Exhibit 07: Executive Summary – Chart on Incremental Growth
• Exhibit 08: Executive Summary – Data Table on Incremental Growth
• Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem 
• Exhibit 10: Parent market
• Exhibit 11: Market Characteristics

3 Market Sizing

• 3.1 Market definition 
• Exhibit 12: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 13: Market segments

• 3.3 Market size 2022

• 3.4 Market outlook: Forecast for 2022-2027 
• Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ billion)
• Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ billion)
• Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
• Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

• 4.1 Global siding market 2017 - 2021 
• Exhibit 18: Historic Market Size – Data Table on Global siding market 2017 - 2021 ($ billion)

• 4.2 End-user Segment Analysis 2017 - 2021 
• Exhibit 19: Historic Market Size – End-user Segment 2017 - 2021 ($ billion)

• 4.3 Material Segment Analysis 2017 - 2021 
• Exhibit 20: Historic Market Size – Material Segment 2017 - 2021 ($ billion)

• 4.4 Geography Segment Analysis 2017 - 2021 
• Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ billion)

• 4.5 Country Segment Analysis 2017 - 2021 
• Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ billion)

5 Five Forces Analysis

• 5.1 Five forces summary 
• Exhibit 23: Five forces analysis - Comparison between 2022 and 2027

• 5.2 Bargaining power of buyers 
• Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

• 5.3 Bargaining power of suppliers 
• Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

• 5.4 Threat of new entrants 
• Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027

• 5.5 Threat of substitutes 
• Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027

• 5.6 Threat of rivalry 
• Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027

• 5.7 Market condition 
• Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by End-user

• 6.1 Market segments 
• Exhibit 30: Chart on End-user - Market share 2022-2027 (%)
• Exhibit 31: Data Table on End-user - Market share 2022-2027 (%)

• 6.2 Comparison by End-user 
• Exhibit 32: Chart on Comparison by End-user
• Exhibit 33: Data Table on Comparison by End-user

• 6.3 Residential - Market size and forecast 2022-2027
• Exhibit 34: Chart on Residential - Market size and forecast 2022-2027 ($ billion)
• Exhibit 35: Data Table on Residential - Market size and forecast 2022-2027 ($ billion)
• Exhibit 36: Chart on Residential - Year-over-year growth 2022-2027 (%)
• Exhibit 37: Data Table on Residential - Year-over-year growth 2022-2027 (%)

• 6.4 Commercial - Market size and forecast 2022-2027
• Exhibit 38: Chart on Commercial - Market size and forecast 2022-2027 ($ billion)
• Exhibit 39: Data Table on Commercial - Market size and forecast 2022-2027 ($ billion)
• Exhibit 40: Chart on Commercial - Year-over-year growth 2022-2027 (%)
• Exhibit 41: Data Table on Commercial - Year-over-year growth 2022-2027 (%)

• 6.5 Public infrastructure - Market size and forecast 2022-2027 
• Exhibit 42: Chart on Public infrastructure - Market size and forecast 2022-2027 ($ billion)
• Exhibit 43: Data Table on Public infrastructure - Market size and forecast 2022-2027 ($ billion)
• Exhibit 44: Chart on Public infrastructure - Year-over-year growth 2022-2027 (%)
• Exhibit 45: Data Table on Public infrastructure - Year-over-year growth 2022-2027 (%)

• 6.6 Market opportunity by End-user 
• Exhibit 46: Market opportunity by End-user ($ billion)

7 Market Segmentation by Material

• 7.1 Market segments 
• Exhibit 47: Chart on Material - Market share 2022-2027 (%)
• Exhibit 48: Data Table on Material - Market share 2022-2027 (%)

• 7.2 Comparison by Material 
• Exhibit 49: Chart on Comparison by Material
• Exhibit 50: Data Table on Comparison by Material

• 7.3 Vinyl - Market size and forecast 2022-2027
• Exhibit 51: Chart on Vinyl - Market size and forecast 2022-2027 ($ billion)
• Exhibit 52: Data Table on Vinyl - Market size and forecast 2022-2027 ($ billion)
• Exhibit 53: Chart on Vinyl - Year-over-year growth 2022-2027 (%)
• Exhibit 54: Data Table on Vinyl - Year-over-year growth 2022-2027 (%)

• 7.4 Fiber cement - Market size and forecast 2022-2027
• Exhibit 55: Chart on Fiber cement - Market size and forecast 2022-2027 ($ billion)
• Exhibit 56: Data Table on Fiber cement - Market size and forecast 2022-2027 ($ billion)
• Exhibit 57: Chart on Fiber cement - Year-over-year growth 2022-2027 (%)
• Exhibit 58: Data Table on Fiber cement - Year-over-year growth 2022-2027 (%)

• 7.5 Wood - Market size and forecast 2022-2027
• Exhibit 59: Chart on Wood - Market size and forecast 2022-2027 ($ billion)
• Exhibit 60: Data Table on Wood - Market size and forecast 2022-2027 ($ billion)
• Exhibit 61: Chart on Wood - Year-over-year growth 2022-2027 (%)
• Exhibit 62: Data Table on Wood - Year-over-year growth 2022-2027 (%)

• 7.6 Others - Market size and forecast 2022-2027
• Exhibit 63: Chart on Others - Market size and forecast 2022-2027 ($ billion)
• Exhibit 64: Data Table on Others - Market size and forecast 2022-2027 ($ billion)
• Exhibit 65: Chart on Others - Year-over-year growth 2022-2027 (%)
• Exhibit 66: Data Table on Others - Year-over-year growth 2022-2027 (%)

• 7.7 Market opportunity by Material 
• Exhibit 67: Market opportunity by Material ($ billion)

8 Customer Landscape

• 8.1 Customer landscape overview 
• Exhibit 68: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

• 9.1 Geographic segmentation 
• Exhibit 69: Chart on Market share by geography 2022-2027 (%)
• Exhibit 70: Data Table on Market share by geography 2022-2027 (%)

• 9.2 Geographic comparison 
• Exhibit 71: Chart on Geographic comparison
• Exhibit 72: Data Table on Geographic comparison

• 9.3 APAC - Market size and forecast 2022-2027
• Exhibit 73: Chart on APAC - Market size and forecast 2022-2027 ($ billion)
• Exhibit 74: Data Table on APAC - Market size and forecast 2022-2027 ($ billion)
• Exhibit 75: Chart on APAC - Year-over-year growth 2022-2027 (%)
• Exhibit 76: Data Table on APAC - Year-over-year growth 2022-2027 (%)

• 9.4 North America - Market size and forecast 2022-2027
• Exhibit 77: Chart on North America - Market size and forecast 2022-2027 ($ billion)
• Exhibit 78: Data Table on North America - Market size and forecast 2022-2027 ($ billion)
• Exhibit 79: Chart on North America - Year-over-year growth 2022-2027 (%)
• Exhibit 80: Data Table on North America - Year-over-year growth 2022-2027 (%)

• 9.5 Europe - Market size and forecast 2022-2027
• Exhibit 81: Chart on Europe - Market size and forecast 2022-2027 ($ billion)
• Exhibit 82: Data Table on Europe - Market size and forecast 2022-2027 ($ billion)
• Exhibit 83: Chart on Europe - Year-over-year growth 2022-2027 (%)
• Exhibit 84: Data Table on Europe - Year-over-year growth 2022-2027 (%)

• 9.6 Middle East and Africa - Market size and forecast 2022-2027 
• Exhibit 85: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
• Exhibit 86: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
• Exhibit 87: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
• Exhibit 88: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)

• 9.7 South America - Market size and forecast 2022-2027
• Exhibit 89: Chart on South America - Market size and forecast 2022-2027 ($ billion)
• Exhibit 90: Data Table on South America - Market size and forecast 2022-2027 ($ billion)
• Exhibit 91: Chart on South America - Year-over-year growth 2022-2027 (%)
• Exhibit 92: Data Table on South America - Year-over-year growth 2022-2027 (%)

• 9.8 China - Market size and forecast 2022-2027
• Exhibit 93: Chart on China - Market size and forecast 2022-2027 ($ billion)
• Exhibit 94: Data Table on China - Market size and forecast 2022-2027 ($ billion)
• Exhibit 95: Chart on China - Year-over-year growth 2022-2027 (%)
• Exhibit 96: Data Table on China - Year-over-year growth 2022-2027 (%)

• 9.9 US - Market size and forecast 2022-2027
• Exhibit 97: Chart on US - Market size and forecast 2022-2027 ($ billion)
• Exhibit 98: Data Table on US - Market size and forecast 2022-2027 ($ billion)
• Exhibit 99: Chart on US - Year-over-year growth 2022-2027 (%)
• Exhibit 100: Data Table on US - Year-over-year growth 2022-2027 (%)

• 9.10 India - Market size and forecast 2022-2027
• Exhibit 101: Chart on India - Market size and forecast 2022-2027 ($ billion)
• Exhibit 102: Data Table on India - Market size and forecast 2022-2027 ($ billion)
• Exhibit 103: Chart on India - Year-over-year growth 2022-2027 (%)
• Exhibit 104: Data Table on India - Year-over-year growth 2022-2027 (%)

• 9.11 UK - Market size and forecast 2022-2027
• Exhibit 105: Chart on UK - Market size and forecast 2022-2027 ($ billion)
• Exhibit 106: Data Table on UK - Market size and forecast 2022-2027 ($ billion)
• Exhibit 107: Chart on UK - Year-over-year growth 2022-2027 (%)
• Exhibit 108: Data Table on UK - Year-over-year growth 2022-2027 (%)

• 9.12 France - Market size and forecast 2022-2027
• Exhibit 109: Chart on France - Market size and forecast 2022-2027 ($ billion)
• Exhibit 110: Data Table on France - Market size and forecast 2022-2027 ($ billion)
• Exhibit 111: Chart on France - Year-over-year growth 2022-2027 (%)
• Exhibit 112: Data Table on France - Year-over-year growth 2022-2027 (%)

• 9.13 Market opportunity by geography 
• Exhibit 113: Market opportunity by geography ($ billion)

10 Drivers, Challenges, and Trends

• 10.1 Market drivers

• 10.2 Market challenges

• 10.3 Impact of drivers and challenges 
• Exhibit 114: Impact of drivers and challenges in 2022 and 2027

• 10.4 Market trends

11 Vendor Landscape

• 11.1 Overview

• 11.2 Vendor landscape 
• Exhibit 115: Overview on Criticality of inputs and Factors of differentiation

• 11.3 Landscape disruption 
• Exhibit 116: Overview on factors of disruption

• 11.4 Industry risks 
• Exhibit 117: Impact of key risks on business

12 Vendor Analysis

• 12.1 Vendors covered 
• Exhibit 118: Vendors covered

• 12.2 Market positioning of vendors 
• Exhibit 119: Matrix on vendor position and classification

• 12.3 Boral Ltd. 
• Exhibit 120: Boral Ltd. - Overview
• Exhibit 121: Boral Ltd. - Business segments
• Exhibit 122: Boral Ltd. - Key news
• Exhibit 123: Boral Ltd. - Key offerings
• Exhibit 124: Boral Ltd. - Segment focus

• 12.4 Docke Extrusion LLC 
• Exhibit 125: Docke Extrusion LLC - Overview
• Exhibit 126: Docke Extrusion LLC - Product / Service
• Exhibit 127: Docke Extrusion LLC - Key offerings

• 12.5 Etex NV 
• Exhibit 128: Etex NV - Overview
• Exhibit 129: Etex NV - Business segments
• Exhibit 130: Etex NV - Key news
• Exhibit 131: Etex NV - Key offerings
• Exhibit 132: Etex NV - Segment focus

• 12.6 James Hardie Industries plc 
• Exhibit 133: James Hardie Industries plc - Overview
• Exhibit 134: James Hardie Industries plc - Business segments
• Exhibit 135: James Hardie Industries plc - Key offerings
• Exhibit 136: James Hardie Industries plc - Segment focus

• 12.7 Kingspan Group Plc 
• Exhibit 137: Kingspan Group Plc - Overview
• Exhibit 138: Kingspan Group Plc - Business segments
• Exhibit 139: Kingspan Group Plc - Key news
• Exhibit 140: Kingspan Group Plc - Key offerings
• Exhibit 141: Kingspan Group Plc - Segment focus

• 12.8 Knauf Digital GmbH 
• Exhibit 142: Knauf Digital GmbH - Overview
• Exhibit 143: Knauf Digital GmbH - Product / Service
• Exhibit 144: Knauf Digital GmbH - Key offerings

• 12.9 Koch Industries Inc. 
• Exhibit 145: Koch Industries Inc. - Overview
• Exhibit 146: Koch Industries Inc. - Product / Service
• Exhibit 147: Koch Industries Inc. - Key news
• Exhibit 148: Koch Industries Inc. - Key offerings

• 12.10 LIXIL Corp. 
• Exhibit 149: LIXIL Corp. - Overview
• Exhibit 150: LIXIL Corp. - Business segments
• Exhibit 151: LIXIL Corp. - Key offerings
• Exhibit 152: LIXIL Corp. - Segment focus

• 12.11 Louisiana Pacific Corp. 
• Exhibit 153: Louisiana Pacific Corp. - Overview
• Exhibit 154: Louisiana Pacific Corp. - Business segments
• Exhibit 155: Louisiana Pacific Corp. - Key news
• Exhibit 156: Louisiana Pacific Corp. - Key offerings
• Exhibit 157: Louisiana Pacific Corp. - Segment focus

• 12.12 Nichiha 
• Exhibit 158: Nichiha - Overview
• Exhibit 159: Nichiha - Product / Service
• Exhibit 160: Nichiha - Key offerings

• 12.13 Ply Gem Residential Solutions 
• Exhibit 161: Ply Gem Residential Solutions - Overview
• Exhibit 162: Ply Gem Residential Solutions - Product / Service
• Exhibit 163: Ply Gem Residential Solutions - Key offerings

• 12.14 Revelstone 
• Exhibit 164: Revelstone - Overview
• Exhibit 165: Revelstone - Product / Service
• Exhibit 166: Revelstone - Key offerings

• 12.15 ROCKWOOL International AS 
• Exhibit 167: ROCKWOOL International AS - Overview
• Exhibit 168: ROCKWOOL International AS - Business segments
• Exhibit 169: ROCKWOOL International AS - Key offerings
• Exhibit 170: ROCKWOOL International AS - Segment focus

• 12.16 The Alumasc Group plc 
• Exhibit 171: The Alumasc Group plc - Overview
• Exhibit 172: The Alumasc Group plc - Business segments
• Exhibit 173: The Alumasc Group plc - Key offerings
• Exhibit 174: The Alumasc Group plc - Segment focus

• 12.17 Wienerberger AG 
• Exhibit 175: Wienerberger AG - Overview
• Exhibit 176: Wienerberger AG - Business segments
• Exhibit 177: Wienerberger AG - Key offerings
• Exhibit 178: Wienerberger AG - Segment focus

13 Appendix

• 13.1 Scope of the report

• 13.2 Inclusions and exclusions checklist 
• Exhibit 179: Inclusions checklist
• Exhibit 180: Exclusions checklist

• 13.3 Currency conversion rates for US$ 
• Exhibit 181: Currency conversion rates for US$

• 13.4 Research methodology 
• Exhibit 182: Research methodology
• Exhibit 183: Validation techniques employed for market sizing
• Exhibit 184: Information sources

• 13.5 List of abbreviations 
• Exhibit 185: List of abbreviations

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Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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FAQ

What is the current status of the siding market?

The siding market was valued at USD 80.13 billion in 2017 and is projected to grow by USD 20.01 billion from 2022 to 2027.

Which region is leading the siding market?

The APAC region leads the siding market, holding 58% of the total market share.

What are the key drivers of the siding market growth?

Key drivers include a booming global construction industry, increasing disposable incomes, and growth in the travel sector.

What challenges does the siding market face?

Challenges include low adoption rates in developing regions, skilled labor shortages, and environmental concerns about vinyl siding.

Who are the major players in the siding market?

Major players include Boral, Etex, and James Hardie, among others.