The U.S. demand for decking is expected to grow 1.3% each year to reach 3.6 billion lineal feet valued at $7.1 billion in 2023, according to a new industry study by The Freedonia Group. Here are a few key facts to know about this dynamic market.

Global construction of new housing is expected to rise 1.6% per year through 2023, according to a new industry study titled Global Housing by The Freedonia Group, a leading market research firm and division of MarketResearch.com.

The study focuses on the 55.3 million unit global market for new housing, and provides historical data and forecasts for new housing units and housing stock in 58 countries and 6 regions.

With the introduction of agriculture drones and robots, several concerns related to the growth of farm produce can be resolved, including the shifting structure of the agriculture workforce along with the problem of decreasing arable land as compared to the fast-growing population.

According to Global Cement, a recent study from The Freedonia Group, a division of MarketResearch.com, the worldwide cement market is expected to inch its way back to growth after a period of marginal declines from 2013-2018.

Note: The following is an excerpt from the white paper "The Emerging Autonomous Vehicle Ecosystem: Who Will Be the Stakeholders, and How Can They Win?" by BIS Research, a global market intelligence, research, and advisory company that focuses on emerging technology trends that are likely to disrupt the market.

The ongoing recovery of the U.S. building market has had a notable impact on a few of the key construction sectors covered in-depth by The Freedonia Group, including the roofing industry.

The off-highway equipment market – which includes machinery used primarily off-road in construction, mining, forestry, and agricultural applications, among others – has struggled in recent years, restrained by challenging worldwide economic conditions and fluctuations in pricing and material costs. 

However, according to an ebook from The Freedonia Group, this market is expected to rebound through 2021, supported by growth in a few key global industries.

The exterior components of a building — also known as the building envelope — are a key consideration for construction professionals. The choice of materials greatly influences construction and maintenance costs, ease of installation, durability, and sustainability.

Boosted by an increase in single-family housing starts and the rising need for storm-resistant products, the demand for roofing in the U.S. is expected to grow at a compound annual growth rate (CAGR) of 4.9% to reach $19.9 billion in 2021, according to a new white paper by The Freedonia Group, a leading international business research company.

Smart manufacturing is a powerful disruptive force with the potential to restructure the current competitive landscape and produce a new set of market leaders. Companies that are slow to adopt new technologies and processes could be left behind.