Demand for deck and patio construction tends to be correlated heavily with the overall health of the housing market. As a result, the first half of the five-year period was characterized by an industry still reeling from the recession. However, the second half of the period was characterized by robust growth fueled by loose monetary policy and increased demand. Ultimately, growth in the second half of the five years to 2014, overpowered first half weakness and, as a result, IBISWorld expects industry revenue to increase steadily in the five years to 2014. Low interest rates coupled with improving economic conditions helped housing starts and private spending on home improvements increase strongly from 2012 onward, benefitting both the new deck construction and remodeling markets. As a result of increased demand, profit margins in the Deck and Patio Construction industry have expanded modestly
This industry constructs outdoor living areas, including decks and patios, for residential and commercial clients. Industry operators perform new construction, reconstruction and repairs.
The report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecast, growth rates and an analysis of the industry key players and their market shares.