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

Demand for Deck and Patio Construction industry is heavily correlated with the overall health of the housing market. Over the five years to 2017, the industry experienced revenue gains, fueled by improving credit conditions, rising income levels and an increase in total demand for residential housing. Low interest rates coupled with improving economic conditions helped housing starts and private spending on home improvements increase strongly, benefiting industry operators. Over the five years to 2022, growth for the Deck and Patio Construction industry is projected to continue expanding, albeit at a slower pace, as a significant anticipated deceleration in growth in private spending on home improvements will ultimately hinder further revenue growth...purchase to read more.

Industry Statistics & Market Size
Revenue
$740m
Annual Growth 12-17
5.4%
Forecast Growth 17-22
Profit
Employment
6,774
Businesses
3,927
Market Share of Companies
There are no companies with a dominant market share in this industry

Industry Threats & Opportunities

  • Demand for deck and patio construction is highly correlated with the overall health of the housing market
  • Industry operators have benefited from the economy’s overall expansion
  • Competition among industry participants will keep profit margins from experiencing any meaningful expansion
  • Industry Report - Industry Locations Chapter

    Small, regionally based establishments characterize this industry. Activity is geographically dispersed in a pattern that generally corresponds with the distribution of population and economic activity across the United States. Contractors are generally located near population centers and major consumer markets, including residences, commercial buildings, offices and institutional buildings. Aside from population centers, deck and patio construction tends to be more heavily concentrated in the warmer climates of the Southeast and West regions.The Southeast region accounts for 25.1% of industry establishments, which is roughly in line with the region's share of the nation's population and economic activity. Wit...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..

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    What's in this report

    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
  • Slowdown in spending on remodeling
  • 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 (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)
  • Private spending on home improvements (2008-2022)

  • 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.
  • What Our Customers Say

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    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.

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