The Hundred Years War was long and multigenerational war that involved very unique circumstances that allowed the Chevauchee to be a viable tactics, a superior sized French army and castles.

To take a castle, there is a large strategic and economic investment. As a result, besieging would have taken a long time and prevented easy battle. As a result, the English had to commit less men and resources towards the defense of their land. As a result, the English were able to raid the French their lands in south western France and Calais.

The Chevauchee was basically a border raid, but with more intent on destruction of property, burning of crops, and the disruption of the basic economic systems. The purpose would be to use a small force to disrupt the French economic systems and to avoid the French armies which would not be able to cover the majority of the border of English France and French France.

The decline of it resulted more due to the rapid decline of the English in France (two decades being rapid in respect to the Hundred Years War), England would be unable to engage in the same method of warfare. This would also be combined with the rising problems in England (which I sadly can't go into much detail) that would result in the War of the Roses and the shift of the English throne from the Lancasters to the Tudors.

Sources

Agincourt: Henry V and the Battle that Made England by Juliet Barker

The Hundred Years War by Desmond Seward