Wooden Decking Market Size Analysis, Industry Outlook, & Region Forecast, 2021-2028
Global Wooden Decking Market Forecast to 2028
The global Wooden
Decking market was valued at USD 7,887.3 Million in 2020 and is
expected to reach USD 9,089.1 Million by year 2028, at a CAGR of 1.7%. This
report covers the genre of building materials with specific focus on wooden
decking. A deck is a flat surface capable of supporting weight, similar to a
floor, but typically constructed outdoors. They are often elevated from the
ground and are usually connected to buildings. Decks are, mainly, of three
types namely, wooden decks, composite decks and PVC decks. Composite and PVC
decks are decks produced using artificial materials such as plastics. However,
they preserve the woody look. Wooden decks, as the name suggests, are decks
made purely of wood. These decks are usually used for residential and
non-residential interiors and constructions. The wooden decks are of several
types such as, redwood, cedar, pressure treated lumber etc. These wooden
decking now-a-days come in two forms namely, tiles and panels. Increasing
demand of wooden decks for residential interiors has been increasing due to the
increase in constructions. This is the major driving factor of the market.
However, the growing environmental concerns and availability of alternatives
act as the main restraining factors. They are predominantly used as rails and
building materials. The continuous construction works has been encouraging this
market as well.
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The key players include Universal Forests Products, Weyerhaeuser,
West Fraser Timber, Intefor Co., James Latham Plc and Mendocino Redwood
Company. Intefor Co. dominates the market.
Further key
findings from the report suggest
- Continuous developments is the developing
and under developed countries results in a need for infrastructural
development. Thus, there is a rising demand for wooden decks in developing
countries.
- The incessant rise in the demand for
construction works as well as residential interiors has been a major
driving factor in the market.
- Factors such as fluctuations in wood and
related material prices and availability of substitutes such as plastic
decks and wood-polymer composite decks might restrict the growth of the
market.
- New decks on new houses plays a key role
in changing the wooden decking landscape and is projected to grow at the
second-highest rate during the forecast period.
- Several technological developments and
advancements have developed the quality of the wooden decks making them
splinter resistant, rot resistant, durable and sustainable. This has
furthermore encouraged demand for wooden decks.
- The rising environmental awareness and
the stringent governmental laws to protect the environment acts as a
restraining factor for production. This discourages a large number of
newer participants of the market.
- Pressure treated decking type of wooden
decking dominates the market and is expected to continue its growth at a
CAGR of 1.7% due to its durability and stability. Redwood decking is
expected to grow at a CAGR of 2.4%.
- North America dominates the market with
the largest market share, owing to the technological advancement and the
abundant resources.
- Europe is the second largest market
because of the abundance of wood in the region.
- Asia Pacific is expected to have the
fastest growth with a CAGR of 2.5% due to the availability of cheap labor
and resources. The spiraling urbanization in the emerging economies of the
region has resulted in an increase in the demand for wooden decks.
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For the purpose of this report, Reports and
Data has segmented the Wooden Decking market on the basis of type, application,
end use, and region:
Type (Revenue,
USD Million; 2020–2028)
- Redwood Decking
- Cedar Decking
- Pressure treated Decking
- Others:
- Mahogany
- IPE (Brazilian Walnut)
- Teak
- Camaru
Application
(Revenue, USD Million; 2020–2028)
- Residential
- Building Constructions
- Infrastructures
End Use (Revenue,
USD Million; 2020–2028)
- Residential
- Non-residential:
- Commercial
- Patios
- Docks
- Hotels
Regional Analysis Covers:
North America (U.S., Canada)
Europe (U.K., Italy, Germany, France,
Rest of EU)
Asia Pacific (India, Japan, China,
South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil,
Argentina, Rest of Latin America)
Middle East & Africa (Saudi
Arabia, U.A.E., South Africa, Rest of MEA)
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Benefits of Global Wooden Decking Market
Report:
· Comprehensive analysis of the changing market
dynamics
· A futuristic outlook on different factors
influencing the market
· An 8-year forecast of the market growth and
expected revenue growth
· Ease of understanding of the market, key
segments, and their future growth
· In-depth analysis of the competitive landscape
to give an advantageous edge for the companies
· Extensive insight into the market with
in-depth analysis of the segmentation
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