Making a personal statement with the color, texture, and material used on a home’s exterior is creating a positive growth trend in the U.S. market for
Making a personal statement with the color, texture, and material used on a home’s exterior is creating a positive growth trend in the U.S. market for siding, which is expected to surpass $11 billion annually by 2010. Strong growth in the construction and remodeling industries increased demand for everything from vinyl and sheet metal siding to precast concrete architectural wall panels, helping the 2005 supply grow by 7 percent over 2004, according to Siding in the U.S., a new report from New York-based market research firm SBI. Over the past few years, researchers contend, major U.S. players increased their manufacturing capabilities and acquired other companies to keep up with escalating calls for an increasingly diverse array of materials to fit consumer demand. Manufactured stone veneer and fiber cement product are among alternatives to conventional siding that as a category grew by 29 percent from 2001 to 2005.
Most sectors within the industry are in a very positive growth trend helped in part by an increased awareness of the newer siding materials and features consumers and builders can access online, notes SBI Managing Editor Tatjana Meerman. While slowing construction will hinder growth, home improvements and maintenance will help maintain market momentum.
Containing comprehensive data on U.S. shipments, imports and exports, end-use markets, purchaser demographics, and the competitive environment on an extensive variety of siding materials, Siding in the U.S. identifies key issues and trends affecting the marketplace and profiles major marketers along with manufacturer and retailer strategies. Priced at $3,000, the report can be obtained by visiting www.sbireports.com/Siding-1281508, or www.MarketResearch.com.