$940.9m
$XX.Xm
7,154
5,274
$XXX.Xm
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. However, heightened interest rates have sent industry revenue into decline since 2022. Overall, revenue has been decreasing at an estimated five year CAGR of 0.6% to reach $1.1 billion in 2024, when revenue is expected to decline by 0.3%.
Industry revenue has declined at a CAGR of 4.0 % over the past five years, to reach an estimated $940.9m in 2024.
Market size is projected to decline over the next five years.
Company | Market Share (%)
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There are no companies that hold a large enough market share in the Deck & Patio Construction in the US industry for IBISWorld to include in this product.
Deck & Patio Construction in the US
Industry revenue is measured across several distinct product and services lines, including Wood deck construction, Composite deck construction and Patio construction . Wood deck construction is the largest segment of the Deck & Patio Construction in the US.
Patios become more expensive
This industry constructs outdoor living areas, including decks and patios, for residential and commercial clients. Industry operators perform new construction, reconstruction and repairs.
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NAICS 23899 - Deck & Patio Construction in the US
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
The residential market has ground to a halt as mortgage rates continue to climb to combat inflation. Even so, there will always be a need for deck and patio construction and ...
Learn about an industry's products and services, markets and trends in international trade.
Patios are less expensive to install, making them a thrifty household option. Even so, the price of patios has increased throughout the years.
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Florida is a very popular option for deck and patio contractors. The warm weather and an abundance of retirees make it a great spot to attract consumers.
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
The industry is highly fragmented, with companies operating at a local level. Low barriers to entry make it easier for contractors to come and go.
Learn about the performance of the top companies in the industry.
There are no major companies in this industry because most contractors are small and operate locally or nationally. The majority of companies employ fewer than 10 employees.
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Contractors must follow a multitude of regulations. These regulations generally apply to workplace safety, building codes and environmental protection.
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Wages continue to rise because of the stringent need for skilled labor. Installing and repairing decks and patios requires precision, and wages are the one place employers ca...
Including values and annual change:
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Key data sources in the US include:
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
Finally, IBISWorld’s global data scientists maintain a proprietary database of macroeconomic and demand drivers, which our analysts use to help inform industry data and trends. They also maintain a database of statistics and analysis on thousands of industries, which has been built over our more than 50-year history and offers comprehensive insights into long-term trends.
IBISWorld’s analysts and data scientists use the sources above to create forecasts for our proprietary datasets and industry statistics. Depending on the dataset, they may use regression analysis, multivariate analysis, time-series analysis or exponential smoothing techniques to project future data for the industry or driver. Additionally, analysts will leverage their local knowledge of industry operating and regulatory conditions to impart their best judgment on the forecast model.
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The market size of the Deck & Patio Construction in the US industry in United States is $940.9m in 2024.
There are 5,274 businesses in the Deck & Patio Construction in the US industry in United States, which has grown at a CAGR of 1.2 % between 2019 and 2024.
The market size of the Deck & Patio Construction in the US industry in United States has been declining at a CAGR of 4.0 % between 2019 and 2024.
Over the next five years, the Deck & Patio Construction in the US industry in United States is expected to decline.
Constructing decks and Constructing patios are part of the Deck & Patio Construction in the US industry.
The level of competition is high and steady in the Deck & Patio Construction in the US industry in United States.