Siding machines are primarily used to produce protective materials which are attached to the exterior walls of a house or a building. The protective materials prove to be the first line of defense against environmental elements such as sun, rain, heat, and cold, thereby creating a more comfortable environment inside a home. Most siding consists of water resistant materials that helps to keep the building insulated. Based on various product segments, siding machines can be brick siding, fiber cement siding, stucco siding, wood siding etc.
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The global siding machine market is expected to be driven by factors such as rising growth in construction industry globally. Global construction industry is expected to rise by US$ 8 Tn by 2030 which will be mostly driven by the U.S., China, and India. Rapidly growing global population resulting in increasing need for residential housing is favoring the growth of the siding machine market. Developing countries are coming up with new smart cities with large number of commercial buildings, thereby driving the growth of the siding market. Moreover, rapid urbanization, expansion of middle class society and their aspirational lifestyles have resulted in increase in demand for siding machines. The siding machine market is expected to be valued at US$ 80 Bn by 2019 globally. North America is expected to be the fastest demand generator in terms of region because of continuous recovery in the U.S. housing market. Meanwhile in the Asia Pacific region, China alone is expected to generate one-third of the total demand. However, vinyl siding increases the probability of fire issues and hence may pose a challenge to the siding machinery market. Moreover, due to urbanization, commercial buildings are coming up with glass for exterior walls which directly can be another challenge for the siding machinery market. Another drawback of vinyl siding is that its quality starts deteriorating upon application of concentrated heat which may impact the growth of the siding market.
The siding machine market is not as popular in Asia Pacific as it is in North America. Therefore, tapping the developing markets can be an opportunity for the players in the market. Foreign players can merge with local players in new markets and provide quality products. Manufacturers can come up with many color options and varying materials as per customer requirements, thereby increasing the market growth. One of the key trends in the siding machine market is color treatments that creates best lasting and weathering siding systems in the market. Its advantage is that it eliminates the need for builders to paint over the siding once it is installed, saving both time and money. Moreover, manufacturers are coming with attractive selections of styles and profiles that transforms homes from boring to bold with their rich cedar-grain texture.
The global siding machine market can be segmented on the basis of product, application, and geography. On the basis of product, the siding machine market can be segmented into brick siding, fiber cement siding, stucco siding, vinyl siding, wood siding etc. Furthermore, according to application, the market can be segmented as residential and commercial building and on the basis of geography, the market can be segmented as North America, Europe, Asia Pacific, Middle East & Africa, and South America.
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Some of the prominent players in the siding machine market are Alumasc Group plc. (U.K.), Associated Materials, Inc. (U.S.), BlueScope Steel Limited (Australia), Boral Limited (Australia), Certain Teed Corporation (U.S.), Designer Panel System (Australia), Nichiha Corporation (Japan), Royal Building Products (Canada), Eastside Machine Company (U.S.), and National Cladding Wales Ltd. (U.K.).