Solid foundation: A strengthening housing market is expected to foster industry expansion

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...read more.

Industry Statistics & Market Size
Revenue
$819m
Annual Growth 11-16
5.5%
Forecast Growth 16-21
Profit
Employment
4,474
Businesses
2,172
Market Share of Companies
There are no companies with a dominant market share in this industry
What Our Customers Say

Industry Threats & Opportunities

  • An uptick in housing starts has led to increased demand for new decks and patios
  • Industry operators have benefited from the economy’s overall expansion
  • Demand for more discretionary remodeling projects is forecast to recover
  • Industry Report - Starting a New Business Chapter

    The Deck and Patio Construction industry has relatively low barriers to the entry of new competitors. Contractors are generally required to hold state-based or industry-based certification to operate in construction, but for most activities undertaken by this industry, certification can be easily obtained through completion of short courses. The initial start-up costs to enter most segments of this industry are considered relatively low and involve mainly rudimentary construction tools and equipment such as ladders and power tools. The requirement for more sophisticated capital equipment input is typically met through leasing equipment.New entrants will find it difficult to quickly establish a market share due to the lack of a reputation for quality workmanship and timeliness. How...purchase to read more.

    Additional Insights for the Deck & Patio Construction Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Deck & Patio Construction Industry are

  • Having a good reputation
  • Access to niche markets
  • Having contacts within key markets
  • IBISWorld analysts also discuss how external factors such as Housing starts and Private spending on home improvements in the Deck & Patio Construction industry impact industry performance..

    shopping_cartPURCHASE OPTIONS

    What is the Deck & Patio Construction Industry?

    This industry constructs outdoor living areas, including decks and patios, for residential and commercial clients. Industry operators perform new construction, reconstruction and repairs.

    Industry Products
  • Wood Decks
  • Composite Decks
  • Patios
  • Industry Activities
  • Constructing decks
  • Constructing patios
  • Constructing sunrooms
  • Installing outdoor kitchens
  • Installing outdoor media centers
  • Installing windows
  • Installing doors
  • Inspecting decks
  • Cleaning outdoor living areas
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Housing starts
  • Private spending on home improvements
  • Homeownership rate
  • Price of sawmill lumber
  • Value of residential construction

  • Current Performance
  • Rough start
  • Fortunes change
  • Profit
  • Chart: Revenue Growth

  • Industry Outlook
  • Increased spending on remodeling
  • More houses, more demand
  • Alternative materials
  • Table: Deck & Patio Construction Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Deck & Patio Construction Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Home Builders
  • Apartment & Condominium Construction
  • Commercial Building Construction
  • Municipal Building Construction

  • Key Selling Industries
  • Construction
  • Finance and Insurance
  • Heavy Equipment Rental
  • Lumber Wholesaling
  • Tool & Hardware Wholesaling

  • Products & Services
  • Patios
  • Wood Decks
  • Composite Decks
  • Chart: Deck & Patio Construction Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Residential buildings
  • Non-residential buildings
  • Chart: Major Market Segmentation for the Deck & Patio Construction Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Wages
  • Purchases
  • Marketing and other costs
  • Chart: Cost Structure Benchmarking – Sector vs Deck & Patio Construction

  • Basis of Competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Deck & Patio Construction Industry

  • Industry Globalization
    There are no major players in this industry. This report includes analysis of other companies.
    Capital Intensity
  • Chart: Level of Capital Intensity for the Deck & Patio Construction Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Deck & Patio Construction Industry
    Includes:
  • Industry Revenue (2007-2021)
  • Industry Gross Product (2007-2021)
  • Establishments (2007-2021)
  • Businesses (2007-2021)
  • Employment (2007-2021)
  • Wages (2007-2021)
  • Private spending on home improvements (2007-2021)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Foreclosure
  • A legal proceeding that bars or extinguishes a mortgagor's right of redeeming a mortgaged estate.
  • Polyvinyl Chloride (Pvc)
  • A popular plastic widely used in construction.
  • Reconstruction
  • The rebuilding of something after it has been destroyed.
  • Sunroom
  • A glass-enclosed porch or living room with a sunny exposure; also known as a sun parlor.
  • Why buy this report?

    The Deck & Patio Construction industry market report contains strategic analysis of the key drivers influencing the industry. Save hours of time on research and prospecting using IBISWorld’s standardized, up-to-date reports on thousands of industries. Our industry research provides growth and profit forecasts for a five-year outlook period, presented in a clear and user-friendly format.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Deck & Patio Construction:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Deck & Patio Construction market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Deck & Patio Construction, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

    Contact Us

    Want to speak to a representative? Call us.

    clear