Deck & Patio Construction in the US - Market Research Report (2014-2029)

Sun-drenched: As demand for new housing cools down following the COVID-19 pandemic, industry revenue will suffer

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.

The Deck and Patio Construction industry consists of contractors that design, build and maintain outdoor living spaces, including decks and patios, for residential and commercial clients. The need for deck and patio construction is highly correlated with the housing market's overall health. Residential construction thrived during the pandemic as housing stock and low interest rates led to new construction projects. This prevented contractors from declining significantly as many households spent additional money to upgrade their homes by installing a deck or patio. Even so, slumps in commercial construction led to a decline in revenue. Over the past five years, revenue has been decreasing at a CAGR of 4.1% to an estimated $934.3 million in 2023, when revenue is expected to decline 3.0%.

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