It’s a durable product, particularly if it’s on the thicker end of the product spectrum and even more so if it has an insulation backing. Vinyl won’t rot like wood and wood-based products can. It is non-porous and isn’t threatened by pests like insects or woodpeckers.
Vinyl’s flexible nature allows it to absorb impact better than more malleable materials like metal which can dent if struck hard enough. Given reasonable care vinyl siding can last for years.
Vinyl can be an economical siding option particularly compared to other choices like brick, stone or wood. If you need cost data to help make choices, consider an estimate from Bo Lacey Construction.