Siding Market Predicted to Surge to $152.6 Billion by 2030 Amidst Rising Construction and Energy-Efficient Technologies [Yahoo! Finance]
Valmont Industries, Inc. (VMI)
Last valmont industries, inc. earnings: 4/22 05:33 pm
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Source: Yahoo! Finance
The global siding market is on a robust growth trajectory, with promising opportunities emerging in both residential and non-residential sectors. A recent market study anticipates a significant climb to an estimated $152.6 billion by 2030, expanding at a compound annual growth rate (CAGR) of 3.1% from 2024 to 2030. This growth is bolstered by a surge in construction activities worldwide and an increasing focus on repair and maintenance of building exteriors. The report signals a shift in market dynamics, attributing the growth to the burgeoning hospitality industry and a heightened emphasis on energy conservation, which is fostering a demand for siding solutions with superior insulation properties. This trend is observed in the rising adoption of fiber cement siding, known for its durability and energy-efficiency, delivering long-term benefits in heating and cooling costs. Residential applications have maintained the largest market share, but a considerable upswing is noted in th
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VMI
Earnings
- 2/21/24 - Beat
VMI
Sec Filings
- 4/25/24 - Form 4
- 4/25/24 - Form 4
- 3/26/24 - Form DEFA14A
- VMI's page on the SEC website