Global Steel Siding Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Steel Siding Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Steel siding is a system of metal panels that can be used as wall cladding to cover the outside of walls in residential or commercial buildings.

Market Overview:

The latest research study on the global Steel Siding market finds that the global Steel Siding market reached a value of USD 8256.45 million in 2022. It’s expected that the market will achieve USD 9862.45 million by 2028, exhibiting a CAGR of 3.01% during the forecast period.

Increase the demand for Steel Siding in downstream markets

Steel Siding includes a variety of building cladding made from steel. Steel Siding is increasingly favored in downstream markets as a Siding material for residential, industrial, and commercial buildings due to its durability and low maintenance requirements.
In addition, Steel Siding is more and more popular with the construction industry, because Steel Siding can realize various styles such as modern and traditional styles. With the increase in the demand for Steel Siding in global residential, commercial, and industrial buildings, it will promote the development of the Steel Siding industry.

Strong growth in construction activity and rising house prices are driving the Steel Siding industry

Weakening global construction activity due to the COVID-19 pandemic led to a drop-in demand for Steel Siding, but demand for Steel Siding rebounded as case counts fell, the economy reopened and construction activity returned to normal levels. For example, the number of residential buildings under construction in North America has surged as confidence among home builders has grown. In the United States, for example, according to the U.S. Census Bureau's monthly housing construction report, the seasonally adjusted number of new housing starts in September 2020 was 1.4 million.
At the same time, rising real estate prices are driving the metal siding industry. For example, rising real estate prices in Greater Vancouver have led to an increase in the use of metal siding. As real estate prices continue to rise, well-built and cost-effective buildings are increasingly valued by consumers. Metal siding is one of the few materials that is low maintenance, durable, and versatile. Metal siding installations will become more common as real estate values continue to appreciate.

Region Overview:

In 2021, the share of the Steel Siding market in North America stood at 67.85%.

Company Overview

ABC SEAMLESS is one of the major players operating in the Steel Siding market, holding a share of 2.66% in 2022.

ABC SEAMLESS' main business is seamless steel siding, roofing, gutters, soffits, fascia, etc. They have installed durable, beautiful seamless steel siding and steel home products in countless homes across the United States.

Associated Materials is a leader in exterior building products for residential and commercial remodeling and new construction markets. They operate 11 manufacturing plants in the U.S. and Canada, producing vinyl windows, vinyl and composites, aluminum and steel siding, and more.

Ply Gem is North America's leading manufacturer of exterior building materials, including windows, siding, stone, and 40 other categories. Ply Gem provides a wide range of building products for American residential builders, reconstructors and architects.

Segmentation Overview:

By type, Horizontal Lap Siding segment accounted for the largest share of market in 2021.

Horizontal Lap Siding

Horizontal Lap Siding refers to a wall board installed horizontally in a building. Horizontal Lap Siding commonly referred to as lap siding, this design hangs exterior boards from left to right (in other words, horizontally).

Shakes & Shingles

Dimensions and manufacturing processes are the main differences between these two popular wall board materials. Shakes & Shingles can provide the building with a natural appearance of cutting cedar milkshakes or weathered milkshakes and shingles style.

Soffit & Fascia

Seamless installed Soffit & Fascia Steel Siding can add exquisite and streamlined appearance to various buildings.

Vertical Siding

The appearance of Vertical Siding is achieved by installing the wall board in a more vertical way. It is usually considered to be more modern than horizontal connecting wall boards, because this style has not become more common in Residential until recent years. But it has always been used in buildings such as Commercial and barn.

Application Overview:

By application, the Residential segment occupied the biggest share from 2017 to 2022.

Steel Siding can be used in the construction of various buildings, including residential, commercial and industrial buildings. In addition, Steel Siding can also be used in garages, warehouses and other buildings.

Key Companies in the global Steel Siding market covered in Chapter 3:

Duchesne et Fils ltee
Rollex
Associated Materials
Klauer Manufacturing Company
Quality Edge
Ply Gem
Edco
Michigan Steel & Trim
Steelway
ABC SEAMLESS
McElroy Metal

In Chapter 4 and Chapter 14.2, on the basis of types, the Steel Siding market from 2018 to 2029 is primarily split into:

Horizontal Lap Siding
Shakes & Shingles
Soffit & Fascia
Vertical Siding

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Steel Siding market from 2018 to 2029 covers:

Residential
Commercial
Industrial
Other

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)