Global Wooden Decking Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027
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The Wooden Decking Market Report Overview:
“The global Wooden Decking Market size is expected to be worth around US$ xx Billion by 2021 from US$ X.xx million in 2031, growing at a CAGR of X.x% during the forecast period 2021 to 2031.”
The Wooden Decking Market report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global wooden decking market report have been segmented on the basis of type, application, type of construction, end use sector, and region.
Deck is similar to floor and one of the surface which is flat and supports withstand weight. This deck is constructed outdoors that is elevated from ground and which is always connected to the building which helps in adding new aesthetic dimension to the house. These wooden decking is used in many applications mainly in build patios, garden landscaping, extend living areas, and much more. These decks are made up of composite lumber, aluminum, treated lumber, and composite material. Mostly, decks are made up of pressure-treated lumber and very often steel beams.
Growing construction activities and rising disposable income are majors factor expected to drive growth of the global wooden decking market. In addition, increasing demand for higher standard of living, rapid industrialization, rising demand for wooden decking in schools, hotels, etc. are some of the other factors expected to drive growth of the global market.
Furthermore, consumer preference for green buildings and sustained investments in commercial real estate and rising demand for wooden decking from commercial and residential sectors, increasing private non-residential spending and the public non-residential spending, are some of the other factors expected to drive revenue growth of the global wooden decking market.
However, availability of substitutes such as plastic decks is the major factor expected to restraint growth of the global wooden decking market. In addition, However, hardwoods are expensive than other decking materials may restraint the growth of wooden decking market.
North America market is estimated to account for highest revenue share in the global wooden decking market over the forecast period, due to increasing consumer preferences for lavishing residential infrastructures in the countries in the region.
Asia Pacific market is expected to account for the second-highest revenue share in the global market, due to emerging economies' focus on huge investments on commercial and industrial infrastructure coupled with rising urbanization in the countries in the region.
The market in Europe is projected to register the fastest growth rate in terms of revenue owing to growing awareness about wooden decking among the consumers of the emerging nations in the countries in the region.
Moreover, the markets in Latin America and Middle East & Africa are expected to register a moderate growth rates over the forecast period. Revenue from the market in Middle East & Africa is projected to register a CAGR of X.X% in the global wooden decking market over the forecast period.
Global Wooden Decking Market Segmentation:
- Pressure-treated wood
- Others (tropical hardwood, tigerwood, mahogany, teak and IPE)
- Building materials
- Rails & infrastructure
By Type of Construction:
- Repairs & remodeling
- New decks on new constructions
- New decks on existing constructions
By End-Use Sector:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn
- UPM-Kymmene Corporation
- Weyerhaeuser Company Limited
- West Fraser Timber Co. Ltd.
- Universal Forest Products, Inc.
- Metsä Group
- Setra Group AB
- James Latham plc
- Cox Industries Inc.
- Humboldt Redwood Company, LLC
- The Mendocino Redwood Company
- Vetedy Group
- Sundek Interio Private Limited
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