How the Siding Market Has Expanded

You might be surprised just how much long-established industries can evolve over time. Take the siding market and industry, for example. Siding is a part of so many houses, but recent developments are leading to an expanding and quickly evolving market. In fact, according to Markets and Markets, the siding market is projected to reach more than $126 billion with a CAGR of about 4%. We’ll take a closer look at these changes and why they’re occurring below, but if you need help with a home siding install, please contact us.

Why is the siding market expanding? One of the biggest factors has been the uptick in construction activity. In 2014, new home starts in the United States amounted to just 1 million, according to Statista. Since then, however, new home starts topped 1.5 million in 2021 and have remained strong since. As there are so many more homes being built, that creates a higher demand for siding. 

The right siding can be environmentally friendly in a variety of ways. Many types of siding are highly recyclable, which can benefit the environment while also being amazing for your home. For example, James Hardie board siding offers incredible durability and fire resistance while still being incredibly sustainable as an option.

Many people have been upgrading to more sustainable types of siding in recent years, in our experience, which is encouraging the market as a whole to expand. Demand for more sustainable materials is also driving innovation within the market. If you’d like to discuss sustainable options, it’s smart to chat with siding install professionals.

The right siding to install on your home may depend on localized factors, such as the weather. In a hot climate with lots of sun or an area with intense rain, Hardie siding is a great option. It's durable, and due to its construction, our experts agree that it could work toward reducing AC costs. This is due to the insulation it can provide.

More people are now upgrading siding so that they can lower utility bills and better protect their homes. If you’d like to learn more about the siding market or want to chat with   siding install   pros, contact R & JL Exteriors. We’re always glad to provide assistance. We can help you select the best siding for your situation.