Latest News- Siding Market: Residential is expected to lead the End-user segment during 2025-2029

The Siding Market is being driven by Booming global construction industry

The Siding Market is expected to grow at a CAGR of 4.2% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 22.1 billion. In the realm of tourism, sports tourism represents a significant segment that entails traveling to various locations to engage in or spectate athletic competitions. This trend, which emerged in 2015, has resulted in a surge of sports enthusiasts attending events, thereby driving growth within the hospitality industry. Notable sports events, such as the Olympics, FIFA World Cup, Super Bowl, and Cricket World Cup, attract billions of viewers globally. The Super Bowl, an annual American football spectacle, boasts a massive following, while the Cricket World Cup and FIFA World Cup are organized every four years. These events serve as key drivers for the expansion of the sports tourism market. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• End-user
  • Residential
  • Commercial
  • Public infrastructure
• Material
  • Vinyl
  • Fiber cement
  • Wood
  • Others
• Application
  • New construction
  • Repair and maintenance
• Geography
  • APAC
    • China
    • India
    • Japan
    • South Korea
  • North America
    • Canada
    • US
  • Europe
    • Germany
    • UK
    • France
  • Middle East and Africa
  • South America

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

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

However, the market also witnesses some limitations, which are as follows:

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

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Market Scope in Siding Market Research Report

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Research Analysis Overview

In this siding market guide, we'll walk you through optimizing your workflow with web apps and cloud-based Excel documents. Overcome challenges such as bugs, glitches, compatibility issues, and performance problems. Ensure seamless data synchronization, processing, and copying between datasets. Formatting, formulas, and embedded objects remain consistent, even with varying software versions and file structures. Maintain momentum and productivity by addressing internet connectivity concerns, software patches, and process adjustments.

Market Research Overview

The global building products market encompasses businesses producing components such as windows and doors, flooring, ceiling and wall fixtures, roofing and gutter materials, insulation, cabinets, plumbing fixtures, and home improvement products and equipment. According to Technavio, the market size is determined by the consolidated revenue of these manufacturers. Factors driving the expansion of the global building products market include the burgeoning construction sector in both developed and developing economies, necessitating the development of infrastructure for residential and healthcare facilities to accommodate urbanization and public healthcare demands. Network connectivity, cloud-based Excel documents, web apps, and bug fixes are essential workflow enhancements for market participants to optimize production and meet increasing demand.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
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