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Leading Companies Fueling Growth and Innovation in the Siding and Decking Market
Siding And Decking Market
Projected Market Size and Growth in the Siding and Decking Market
The siding and decking market is anticipated to experience robust growth, reaching a valuation of $80.7 billion by 2030. This expansion reflects a compound annual growth rate (CAGR) of 5.9%, driven by several important factors. Advancements in sustainable building materials and the growing adoption of automated installation technologies are major contributors. Additionally, rising commercial and residential construction activity, the increasing popularity of eco-friendly exterior designs, and the development of superior weather-resistant siding products all support this upward trajectory. Key trends forecasted to influence the market include the rise of sustainable materials, automation in manufacturing, broader use of digital design and visualization tools, IoT-based performance monitoring systems, and the deployment of robotic installation techniques.
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Leading Companies Dominating the Siding and Decking Sector
Several influential companies hold significant positions in the siding and decking market, including UPM Corp., Georgia-Pacific LLC, James Hardie Industries, CertainTeed LLC, Oldcastle APG Inc., AZEK Company Inc., Trex Company Inc., Westlake Royal Building Products, Barrette Outdoor Living Inc., Kaycan Ltd., Fiberon Technologies Inc., VEKA Inc., Wolf Home Products, Millboard Company Ltd., DuxxBak Composite Decking, LP Building Solutions, DuraLife Decking, Envision Building Products LLC, Lunawood Corp., and TruExterior. In a notable industry move, Beacon-a US-based distributor of building products-acquired All American Vinyl Siding Supply, LLC in August 2023. This strategic acquisition aims to strengthen Beacon's service capabilities and broaden its product portfolio in northern Mississippi by utilizing All American's extensive market expertise accumulated over 30 years. All American Vinyl Siding Supply is recognized as a prominent distributor specializing in siding and decking products in the US.
Key Market Drivers Influencing Siding and Decking Growth
The industry is witnessing a rising demand for innovative, lightweight siding materials that offer enhanced flexibility for both renovation projects and new construction. These lightweight sidings are designed to be easier to handle, transport, and install, without compromising on protective qualities or curb appeal. This focus on practical yet attractive cladding solutions is helping to shape market preferences and growth patterns.
View the full siding and decking market report:
https://www.thebusinessresearchcompany.com/report/siding-and-decking-global-market-report
Illustrating this trend, Millboard, a UK-based decking and cladding solutions provider, introduced two fresh colors-Salt Blue and Sage Green-to its premium Envello Shadow Line+ siding range in February 2024. Known for its durability, low maintenance, and authentic wood-like appearance, this product line now offers new natural-inspired shades that expand outdoor design possibilities. These finishes replicate the look of painted timber while serving as a lighter and more visually appealing alternative to traditional fiber cement boards. This development reflects a broader move toward creative, resilient, and sustainable exterior siding options.
Emerging Trends Shaping the Future of the Siding and Decking Market
Innovations such as automated manufacturing and digital visualization platforms are gaining momentum within the siding and decking industry. Companies are increasingly adopting these cutting-edge technologies to enhance precision, efficiency, and customer customization options. The integration of IoT-based performance monitoring is also becoming more common, enabling real-time tracking and maintenance of siding and decking installations.
Furthermore, robotic installation systems are beginning to be deployed, offering faster, safer, and more reliable installation processes. These advancements are transforming traditional practices and pushing the market toward greater technological sophistication and sustainability.
Breakdown of the Global Siding and Decking Market by Type, Application, and Region
This report segments the siding and decking market comprehensively as follows:
1) Product Type: Siding and Decking
2) Material Type: Wood, Vinyl, Composite, Metal, Fiber Cement
3) Installation Type: Pre-Installed, Do-It-Yourself (DIY), Professional Installation
4) Application: Residential, Commercial, Industrial
5) End-User Lifestyle: Luxury, Mid-Range, Economy
Additional subcategories provide further detail, such as:
- Siding Types: Wood Siding, Vinyl Siding, Fiber Cement Siding, Metal Siding, Engineered Wood Siding
- Decking Types: Wood Decking, Composite Decking, PVC Decking, Aluminum Decking, Concrete Decking
These classifications offer a detailed understanding of the market's structure and help identify potential areas for growth across different sectors and consumer segments.
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