Skip navigation
Reports & Analysis Custom Research Research Subscriptions
Sign In / Create Account Cart
Sign In / Create Account Cart
  • Reports & Analysis
  • Custom Research
  • Research Subscriptions

Resources

  • Analyst Buzz
  • Press Releases
  • Blog
  • Resources & Downloads
  • Impact Tracker

The Freedonia Group

  • Contact
  • About
  • Our Staff
  • Help Center
  • Career Opportunities
Freedonia Market Research Freedonia Group Global Residential Siding

Global Residential Siding

Industry Reports, Global

Report Overview

Featuring 55 tables and 12 figures – now available in Excel and Powerpoint! Learn More

Siding Market

This study analyzes global demand for residential siding. Historical demand (2009, 2014, and 2019) and forecasts for 2024 and 2029 are provided for residential siding demand by product) and market in square meters. Residential siding demand is also provided on a country-by-country basis (in square meters), broken out by both product and market (new and improvement and repair). Demand in value terms is shown at the manufacturers’ level and excludes distributor and retailer markups.

Study Scope and more. 

The siding products included are:

  • brick and tile
  • stucco and exterior insulation and finish systems (EIFS)
  • concrete and stone
  • metal (metal panels, steel, and aluminum)
  • fiber cement
  • vinyl
  • wood (engineered and shingles/shakes)
  • other products (including polypropylene and other non-vinyl plastics, wood-plastic composites, cast acrylic, spandrel glass, straw, and mud)

Primary loadbearing walls (of brick, concrete block, poured concrete, or stone) are excluded from the scope of this study, as is vision glass curtain wall. Secondary products such as soffit and trim are also excluded.

Data from the US Census Bureau were consulted in the preparation of this study, and a list of related codes is presented here for information purposes. However, these codes may not include all products covered in this report or may exclude some products of interest, and the data have thus been adjusted accordingly.

Global demand for residential siding is forecast to rise 1.0% annually through 2024 to 3.9 billion square meters. Weakened global residential building construction activity due to the COVID-19 pandemic will cause siding demand to decline in 2020, but the market is expected to rebound in 2021 as case numbers fall, economies reopen, and building activity returns to normal levels. Through 2024, gains will be supported by:

  • rising new home construction, especially in developing Africa/Mideast and Central and South American countries where the share of homes built with siding is growing
  • increasing personal incomes, which allow for greater spending on renovation projects such as siding replacement
  • ongoing introduction of affordable fiber cement and vinyl siding products, which can be made to resemble high-end materials (e.g., wood, stone) while providing installation and performance advantages

Asia/Pacific, Africa/Mideast, & North America to Drive Global Market Growth Through 2024

Though the Asia/Pacific market will continue to account for the largest share of absolute gains (30%) in global residential siding demand through 2024, weakened new housing activity in the region, particularly in China, will restrain growth at the global level. Similarly, the mature North American market will account for the sizable share of absolute gains (25%) due to increases in residential construction activity, but faster growth will be prevented by tepid homebuilding activity in the US. Meanwhile, the smaller but faster growing Africa/Mideast market will nearly match the Asia/Pacific in its contribution to global demand gains through 2024 due to its stronger residential construction outlook.

Improvement & Repair Applications Continue to Drive Market Growth

Renovation will continue to drive global residential siding demand growth, supported by:

  • the need to replace siding in countries with large, aging building stocks
  • rising personal incomes in the developing countries, which will allow more homeowners to invest in home improvement projects like siding addition

Advances in the new housing market will be restrained by weakness in new housing construction, with declines expected in Europe and Japan, though solid gains in new housing in developing Africa/Mideast and Asia/Pacific countries will aid growth.

Design Flexibility Continues to Affect Material Competition in Developed Markets

Design flexibility is a key driver of material competition in the global siding industry. End users – particularly in developed markets such as the US and Western Europe – seek options that can be made to imitate higher value materials, such as natural stone and wood, while providing additional advantages (e.g., enhanced durability, longer lifespan, lower maintenance requirements, lower costs, easier to install). Fiber cement faces growing competition from PVC lumber in the increasingly saturated wood-look siding market, but the material is also expected to pose greater competition to costly, heavy, and harder to install materials such as natural stone and brick. Fiber cement siding that imitates these materials is increasingly being introduced to the market.

Purchase Options

Purchase Report

Select your license:

  • $3,900.00
  • $5,400.00
  • $6,900.00

Subscription Options

License by subscription

Check to see if this report is available through our subscription services.

Subscription Pricing
Already have a subscription? Log in.

Free Sample Report

A free sample report is available.

Questions & Assistance

Our representatives are available to help answer your questions.

Live Chat is Offline
Email us

Share This Report

Copied to clipboard. Could not copy to clipboard.

Download a Free Sample Report Now

Sample Reports include examples of all the tables, charts, infographics and topics included in this study.

Use Licenses

The Single User License (SUL) authorizes a single individual to use the electronic study acquired. Agreement to the SUL is required in order to purchase the study. If you require more than one user a Departmental Site License or Global Site License should be purchased. 

The Departmental Site License (DSL) authorizes up to five users to share the study acquired. Agreement to the DSL is required in order to purchase the study. If your organization requires more than five users, the Global Site License should be purchased.

The Global Site License (GSL) allows everyone in your organization to share the study intelligence. Agreement to the Global Site License terms is necessary in order to purchase it. 

;

Related Reports and Studies

  • World Steel Pipe

    Industry Reports

    Worldwide demand growth for steel pipe will be paced by continued strong increases in developing markets through 2019. The pace of gains will decelerate from that of the 2009-2014 period as construction activity slows in China and other developing countries, and as oil and gas exploration moderates in North America after a period of rapid growth.

    February 2016 368 pages
    Free sample available
  • World Steel Pipe

    Focus Reports

    This report forecasts total world demand in 2019 for steel pipe by market and major world region in metric tons.

    February 2016 29 pages
    Free sample available
  • World Building Plaster

    Focus Reports

    This report forecasts total world demand in 2020 for building plaster by market and major world region in metric tons.

    October 2016 25 pages
    Free sample available
  • World Drywall

    Focus Reports

    This report forecasts total world demand in 2020 for drywall by market and major world region in square meters, as well as by region in metric tons.

    October 2016 29 pages
    Free sample available
  • Roofing Distribution Market in the US by Sales Channel, Market and Product

    Industry Reports

    Increases in Roof Installation Activity to Spur Distributors’ Sales. US roofing distribution sales growth will be driven by the roofing industry’s increasing reliance on small - and medium-sized contractors to perform roof installation and repair jobs.

    March 2017 281 pages
    Free sample available
  • Roofing Distributors in the US

    Industry Reports

    Distributors play a major role in selling roofing in the US. While four firms account for more than half of all sales, a large number of smaller retailers also play key roles in the market.

    March 2017 93 pages
  • Siding Distributors in the US

    Industry Reports

    Siding distributors play an important role in the US siding industry. Construction professionals are increasingly subcontracting siding installation work out to small- and medium-sized contractors.

    April 2017 94 pages
  • Siding Distribution Market in the US by Channel, Market and Type

    Industry Reports

    Building Construction Activity and Rising Channel Share to Spur Distributors’ Sales. A combination of rising new building construction activity and a shift toward increased use of distributors for siding sales will drive advances.

    August 2017 215 pages
    Free sample available
  • Roofing Distribution: United States

    Focus Reports

    This report forecasts US roofing distribution sales at the distributors' level to 2021.

    March 2017 29 pages
    Free sample available
  • Asphalt Shingles in the US by Product, Market and Subregion

    Industry Reports

    US demand for asphalt shingles is forecast to advance 1.0% annually to 136.9 million squares in 2021. Gains will be spurred by the expected increase in residential building construction spending.

    May 2017 240 pages
    Free sample available
View More

Have unique research needs?

Freedonia Custom Research listens intently to your needs and objectives. Then we work diligently to define a service offering to meet them.
Learn About Our Custom Research Services

Stay informed with Freedonia

Receive periodic updates about new market research in areas relevant to your business. Have the convenience of Freedonia research at your fingertips when you need it.
  • Contact
  • About
  • Help Center
  • Career Opportunities
  • Press
  • User Agreement
  • Privacy Policy
  • Site Map
Facebook Linkedin Twitter

Additional Resources

  • Market Size Resources
  • Lawn Mowers Research
  • Global Motor Vehicle Research
  • Global Paint & Coatings Research
  • Global Industrial Valves Research
  • Global Agricultural Equipment Research
  • Indoor Air Quality Equipment Research
  • Global Adhesives & Sealants Research
  • Hardscaping Products Research
  • Residential Landscaping Research
  • Food Packaging Research
  • Global Carpets & Rugs Research
  • Global Residential HVAC Research
Copyright © 2023 MarketResearch.com, Inc. All rights reserved.