North America Cladding Market Size & Outlook, 2021-2030
North America cladding market, 2018-2030 (US$M)
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North America cladding market highlights
- The North America cladding market generated a revenue of USD 61,195.5 million in 2021.
- The market is expected to grow at a CAGR of 6.7% from 2022 to 2030.
- In terms of segment, terracotta was the largest revenue generating product in 2021.
- Terracotta is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, Canada is expected to register the highest CAGR from 2022 to 2030.
North America data book summary
| Market revenue in 2021 | USD 61,195.5 million |
| Market revenue in 2030 | USD 109,760.3 million |
| Growth rate | 6.7% (CAGR from 2021 to 2030) |
| Largest segment | Terracotta |
| Fastest growing segment | Terracotta |
| Historical data covered | 2018 - 2020 |
| Base year for estimation | 2021 |
| Forecast period covered | 2022 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Steel, Aluminum, Composite Material, Fiber Cement, Terracotta, Ceramic |
| Key market players worldwide | Kingspan Group PLC, Imax Corp, SFS Group AG, Nucor Corp, HAL Trust, Carea Facade, Architectural Cladding Australia, Riegler Riewe Architects, CGL Systems, Cladding Corp, Middle East Insulation, Shildan Group, Avenere Cladding |
Other key industry trends
- In terms of revenue, North America region accounted for 29.1% of the global cladding market in 2021.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 142,446.1 million by 2030.
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Cladding Market Scope
Cladding Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
North America cladding market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to cladding market will help companies and investors design strategic landscapes.
Terracotta was the largest segment with a revenue share of 35.25% in 2021. Horizon Databook has segmented the North America cladding market based on steel, aluminum, composite material, fiber cement, terracotta, ceramic covering the revenue growth of each sub-segment from 2018 to 2030.
The demand outlook for North America is favorable, with growing investments in industrial sectors by private construction companies. U.S. dominated the cladding market in North America in terms of consumption, owing to increased demand from residential sector, manufacturing industries, and institutions.
As per the data from Freddie Mac, a mortgage loan company, in the U.S., the demand for residential buildings increased by 52% from 2.5 million homes in 2018 to 3.8 million homes in 2020, and the number is expected to rise in the coming years.
The demand for residential buildings is going up owing to the low interest rates, which encourages home buying, which is expected to drive the demand for residential cladding systems during forecast period.
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Target buyers of North America cladding market databook
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Our clientele includes a mix of cladding market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of continent-level data and insights on the North America cladding market , including forecasts for subscribers. This continent databook contains high-level insights into North America cladding market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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North America cladding market size, by country, 2018-2030 (US$M)
North America Cladding Market Outlook Share, 2021 & 2030 (US$M)
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