Siding and Decking Market Report 2025

The siding and decking market size has grown strongly in recent years. It will grow from $56.84 billion in 2024 to $60.4 billion in 2025 at a compound annual growth rate (CAGR) of 6.3%. The growth observed during the historic period can be credited to increasing urbanization, expanded renovation projects, higher disposable incomes, a surge in climate-resilient construction, and overall population growth.

The siding and decking market size is expected to see strong growth in the next few years. It will grow to $76.26 billion in 2029 at a compound annual growth rate (CAGR) of 6%. The growth expected in the forecast period is driven by expansion in the housing sector, an increase in DIY projects, growth in the hospitality and tourism industries, the rise of e-commerce, and government incentives promoting green buildings. Key trends during this period include swift adoption of new construction technologies, the availability of prefabricated solutions, rising demand for anti-termite and anti-mold products, advancements in 3D printing and digital fabrication, and strategic collaborations with builders and developers.

The growing demand for residential and commercial spaces is anticipated to drive the growth of the siding and decking market in the future. Residential areas are designated for living, while commercial spaces are intended for business and professional activities. This demand is rising mainly due to rapid urbanization, which concentrates populations in cities and increases the need for housing and commercial infrastructure. As construction and expansion of buildings continue, the requirement for siding and decking also increases since these components are crucial for exterior finishes and creating usable outdoor areas. For example, in June 2025, a report by the US Census Bureau showed that privately owned housing completions reached an annual rate of 1,526,000 in May, a 5.4% increase (±12%) compared to the revised figure of 1,448,000 in April. Thus, the rising demand for residential and commercial spaces is boosting the siding and decking market.

Leading companies in the siding and decking market are concentrating on developing innovative products such as lightweight siding solutions that provide greater flexibility for both renovations and new construction projects. Lightweight sidings are exterior cladding materials designed to be easy to handle, transport, and install due to their low weight, while still offering durability and visual appeal. For instance, in February 2024, Millboard, a UK-based decking and cladding provider, introduced two new colors to its premium Envello Shadow Line+ siding range. Known for its strong durability, low maintenance, and realistic wood-like appearance, the new Salt Blue and Sage Green shades are inspired by natural tones and offer fresh design options for outdoor spaces. These finishes replicate painted timber while providing a lighter, more attractive alternative to traditional fiber cement boards, allowing for more creative and resilient exterior designs.

In November 2022, ABC Supply Co. Inc., a US roofing supply company, expanded its international presence by acquiring Monarch Group of Companies for an undisclosed sum. This acquisition enables ABC Supply to enter new markets with five branches in Calgary, Edmonton, Acheson, Red Deer, and Lethbridge. These locations will continue to operate under the Monarch name, a well-established distributor of building materials in Alberta. Monarch Group of Companies is a US-based manufacturer specializing in siding and decking products.

Major players in the siding and decking market are 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.

North America was the largest region in the siding and decking market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in siding and decking report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the siding and decking market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report’s Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.

The rapid escalation of U.S. tariffs and the resulting trade tensions in spring 2025 are significantly impacting the construction sector, particularly in materials procurement and project costs. Higher duties on imported steel, aluminum, lumber, and machinery have driven up expenses for builders, contractors, and infrastructure developers, leading to increased project bids and delayed timelines. Construction equipment manufacturers face similar challenges, with tariffs on essential components and raw materials inflating production costs and squeezing margins. Additionally, retaliatory tariffs in international markets have curtailed exports of U.S.-made construction equipment and materials, further affecting profitability. The sector must now prioritize local sourcing, modular construction techniques, and supply chain diversification to control costs and ensure project viability amid ongoing trade uncertainties.

Siding and decking are key exterior elements in construction that impact a building’s structure, aesthetics, and functionality. Siding acts as the outer layer of walls, protecting the interior and enhancing the building’s appearance, whereas decking is a flat, horizontal platform attached to a structure, providing additional outdoor space.

The primary product categories within siding and decking include siding and decking materials. Siding refers to the external cladding attached to building walls, designed to protect against weather conditions such as rain, wind, sun, and snow, while also offering a polished look. It is produced from a variety of materials, including wood, vinyl, composite, metal, and fiber cement, and can be installed through methods like pre-installed panels, do-it-yourself kits, or professional installation. Siding is utilized in residential, commercial, and industrial buildings, catering to different market segments such as luxury, mid-range, and economy lifestyles.

The siding and decking market research report is one of a series of new reports that provides siding and decking market statistics, including siding and decking industry global market size, regional shares, competitors with a siding and decking market share, detailed siding and decking market segments, market trends and opportunities, and any further data you may need to thrive in the siding and decking industry. This siding and decking market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The siding and decking market consists of sales of shingle-style siding, deck boards, deck railing systems, and fascia boards. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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