Deck & Patio Construction
Demand for deck and patio construction is highly correlated with the overall health of the housing market. Over the five years to 2019, improving credit conditions, rising income levels and an increase in total demand for residential housing have supported robust growth in the national housing market, bolstering demand for industry contractor services. Furthermore, low interest rates coupled with improving economic conditions enabled housing starts and private spending on home improvements to increase strongly from 2014 onward. As a result, industry revenue is expected to increase during the current period. Over the five years to 2024, industry revenue is anticipated to continue to grow, albeit at a slower rate. This projected growth can be attributed to rising per capita disposable income and the increasing use of alternative, eco-friendly materials.
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.