Press release
Lucintel Forecasts Canadian Siding Market to Reach $3.0 billion by 2030
Trends and Forecast for the Canadian Siding Market
According to the recent study the Canadian siding market [https://www.lucintel.com/canadian-siding-market.aspx] is projected to reach an estimated $3.0 billion by 2030 from $2.6 billion in 2023, at a CAGR of 4.0% 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.
Browse 119 figures / charts and 113 tables in this 306 -page report to understand trends, opportunities and forecast in Canadian siding market by material (fiber cement, vinyl, metal, stucco, concrete and stone, brick, wood, and other materials), end use (residential and non-residential (healthcare, education, hospitality, retail, office, and others)), application (new construction and repair and maintenance), and territory (Quebec, British Columbia, Alberta, Ontario, and others).
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.
Within the Canadian siding market, residential will remain the largest as well as fastest end use market during the forecast period due to increasing adoption of energy efficient homes.
Download sample by clicking on Canadian siding market
Ontario is expected to remain the largest market and witness the highest growth over the forecast period, due to growth in the building and construction industry.
Cornerstone Building Brands, James Hardie, CertainTeed, Louisiana Pacific Corporation, Royal Building Products are the major suppliers in the Canadian 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
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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Media Contact
Company Name: Lucintel
Contact Person: Roy Almaguer
Email:Send Email [https://www.abnewswire.com/email_contact_us.php?pr=lucintel-forecasts-canadian-siding-market-to-reach-30-billion-by-2030]
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Country: United States
Website: https://www.lucintel.com/canadian-siding-market.aspx
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