Lucintel Forecasts Canadian Siding Market to Reach $4.1 Billion by 2027

According to the recent study the Canadian siding market is projected to reach an estimated $4.1 billion by 2027 from $2.9 billion in 2021, at a CAGR of 6.8% from 2021 to 2027. Growth in this market is primarily driven by increasing construction activities, growing repair and maintenance of building exteriors, and a rise in the hospitality industry.

Browse 75 figures / charts and 60 tables in this 136 -page report to understand trends, opportunities and forecast in Canadian siding market by material (fiber cement, vinyl, metal, stucco, concrete and stone, brick, wood, and other materials), end use (residential and non-residential (healthcare, education, hospitality, retail, office, and others)), application (new construction and repair and maintenance), and territory (Quebec, British Columbia, Alberta, Ontario, and others).

Download sample report by clicking on below link https://www.lucintel.com/canadian-siding-market.aspx

“Vinyl market is expected to remain the largest segment during the forecast period.”

Based on material, the Canadian siding market is segmented into fiber cement, vinyl, metal, stucco, concrete and stone, brick, wood, and other materials. Lucintel forecasts that the vinyl market is expected to remain the largest segment due to low material and maintenance cost and availability of wide variety of colors.

“Within the Canadian siding market, the residential segment is expected to remain the largest end use”

Based on end use the residential segment is expected to witness the highest growth over the forecast period due to increasing adoption of energy efficient homes.

Download Brochure of this report by clicking on https://www.lucintel.com/canadian-siding-market.aspx

Major players of Canadian siding market are adopting various growth strategies like new product launches, expansions, merger and acquisitions, partnerships, agreements, and collaborations to expand their presence in this market. Cornerstone Building Brands, James Hardie, CertainTeed, Louisiana Pacific Corporation, Royal Building Products are among the major Canadian siding providers. This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/canadian-siding-market.aspx  or [email protected]

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