Looking ahead to 2020

Market research firm The Freedonia Group has looked into the future and sees a general picture of growth for the home improvement products industry.

Some segments, are more likely to grow faster than others. For insance: plastic and composite lumber.

According to the researchers at Freedonia, plastic lumber is expected to grow at a 6.9% annual rate through 2020, bringing the size of the market to $5.9 billion. Growth will be spurred by better loooking capstock-coated WPC and cellual PVC lumber, supposedly.

Behind the wall plumbing is expected to grow at a 6.5% clip through 2020, as home owners and business owners turn to larger bathrooms.

Cabinets are expected to be a $17.3 billion industry by the year 2019, according to Freedonia.

The United States growth forecasts for various home improvement product categories can be seen here:

Product • Growth rate % • Size $ •  By the year 

Plastic lumber • 6.9% •  $5,900,000,000 • 2020

Plumbing • 6.5% • $12,400,000,000 • 2020

Cabinets • 6.4% • $17,300,000,000 • 2019

Siding • 5.6% • $10,700,000,000 • 2019

OPE • 3.2% • $11,700,000,000 • 2019

Industrial Fastners •  2.6% • $15,200,000,000 • 2020

Decking • 1.8% • $7,100,000,000 • 2020

Hand Tools • 1.7% • $5,800,000,000 • 2020