Demand for deck and patio construction is heavily correlated with the housing sector and, as a result, revenue for the industry has been moderately volatile over the five years to 2016. Lingering effects from the recession caused the housing market to recover slower than the rest of the economy early in the five-year period. However, improving economic conditions, coupled with record-low interest rates, enabled the residential construction market to grow rapidly in recent years, benefiting industry participants. Over the five years to 2021, the Deck and Patio Construction industry is set to expand, albeit more slowly. Rising demand from homeowners and home developers will foster this expansion; however, rising raw material costs and continued competition among industry participants will limit profit growth.
This industry constructs outdoor living areas, including decks and patios, for residential and commercial clients. Industry operators perform new construction, reconstruction and repairs.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.