Wooden Decking Market - Growth, Trends, and Forecast (2020 - 2025)

The market is segmented by Type (Pressure-treated Wood, Redwood, Tropical Hardwood, Cedar, and Other Types), Application (Railing, Floor, Wall, and Other Applications), End User (Residential and Non-residential), and Geography (Asia-Pacific, North America, Europe, South America, and Middle East & Africa)

Market Snapshot

Study Period:

2016-2025

Base Year:

2019

Fastest Growing Market:

Asia Pacific

Largest Market:

North America

CAGR:

Greater Than 5 %

Major Players:

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Market Overview

The wooden decking market is expected to record a CAGR of over 5%, during the forecast period. The major factors driving the market studied are an increase in remodeling and refurbishment activities and demand for lavish infrastructure in developed nations.

  • Replacement by composite decking is expected to hinder the growth of the market studied.
  • Increasing awareness regarding wooden decking in emerging nations is likely to act as an opportunity, during the forecast period.

Scope of the Report

The scope of the wooden decking market report includes:

Type
Pressure-treated wood
Redwood
Tropical hardwood
Cedar
Other Types
Application
Railing
Floor
Wall
Other Applications
End-user
Residential
Non-residential
Geography
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
Italy
France
Rest of the World
South America
Middle East & Africa (MEA)

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Key Market Trends

Residential Sector to Dominate the Market

  • Wooden decking is used in the residential sector, both for new construction and repair, and refurbishment in buildings. It is used for a wide variety of purposes, such as cladding and siding, pathways, swimming pool decks, flooring, etc., in residential construction. The increasing demand for residential projects, worldwide, is expected to drive the wooden decking market over the forecast period.
  • Countries, such as the United States, Germany, and China, are expected to dominate the residential construction market during the forecast period.
    • In the United States, the residential construction sector is expected to rise by around 6%, in 2019, with construction for single-family expected to rise by 9%, during the same year.
    • In China, residential property investment was up by 11.6% in the first two months of 2019, the fastest pace recorded since August 2014. According to China's National Bureau of Statistics, the primary residential sales reached USD1.9 trillion, in 2018.
  • Overall, the booming residential market is expected to drive the usage of wooden decking in the residential sector, throughout the forecast period.

To understand key trends, Download Sample Report

North America to Dominate the Market

  • North America is one of the largest economies, with the United States and Canada in the leading positions.
  • The United States is the world’s largest and most powerful economy. The US construction industry is expected to increase, driven by the growth in the residential sector.
  • Residential construction for single families has witnessed a growth in the states of Florida, Georgia, North Carolina, Washington, Utah, Tennessee, Ohio, California, Idaho, and South Carolina. Geographically, the southern region of the country is expected to have the highest growth, followed by the West, the Midwest, and the Northeastern regions.
  • The non-residential construction, educational building construction, and public building construction increased in 2018-2019, and are expected to grow further during the forecast period.
  • The growing construction industry in the United States is projected to propel the North American wooden decking market, during the forecast period.

To understand geography trends, Download Sample Report.

Competitive Landscape

The wooden decking market is partially fragmented in nature. The major companies include Universal Forest Products Inc, United Construction Products Inc., DuraLife, Thermory USA, and Trex Company Inc., among others.

Table Of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Drivers

      1. 4.1.1 Increase in Remodeling and Refurbishment Activities

      2. 4.1.2 Demand for Lavish Infrastructure in Developed Nations

    2. 4.2 Restraints

      1. 4.2.1 Replacement by Composite Decking

      2. 4.2.2 Other Restraints

    3. 4.3 Industry Value Chain Analysis

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Bargaining Power of Suppliers

      2. 4.4.2 Bargaining Power of Consumers

      3. 4.4.3 Threat of New Entrants

      4. 4.4.4 Threat of Substitute Products and Services

      5. 4.4.5 Degree of Competition

  5. 5. MARKET SEGMENTATION

    1. 5.1 Type

      1. 5.1.1 Pressure-treated wood

      2. 5.1.2 Redwood

      3. 5.1.3 Tropical hardwood

      4. 5.1.4 Cedar

      5. 5.1.5 Other Types

    2. 5.2 Application

      1. 5.2.1 Railing

      2. 5.2.2 Floor

      3. 5.2.3 Wall

      4. 5.2.4 Other Applications

    3. 5.3 End-user

      1. 5.3.1 Residential

      2. 5.3.2 Non-residential

    4. 5.4 Geography

      1. 5.4.1 Asia-Pacific

        1. 5.4.1.1 China

        2. 5.4.1.2 India

        3. 5.4.1.3 Japan

        4. 5.4.1.4 South Korea

        5. 5.4.1.5 Rest of Asia-Pacific

      2. 5.4.2 North America

        1. 5.4.2.1 United States

        2. 5.4.2.2 Canada

        3. 5.4.2.3 Mexico

      3. 5.4.3 Europe

        1. 5.4.3.1 Germany

        2. 5.4.3.2 United Kingdom

        3. 5.4.3.3 Italy

        4. 5.4.3.4 France

      4. 5.4.4 Rest of the World

        1. 5.4.4.1 South America

        2. 5.4.4.2 Middle East & Africa (MEA)

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

    2. 6.2 Market Share Analysis**

    3. 6.3 Strategies Adopted by Leading Players

    4. 6.4 Company Profiles

      1. 6.4.1 AZEK Building Products (TimberTech)

      2. 6.4.2 Sundek Interio

      3. 6.4.3 United Construction Products Inc.

      4. 6.4.4 DuraLife

      5. 6.4.5 Alfresco Floors Ltd

      6. 6.4.6 Koppers Inc.

      7. 6.4.7 Humboldt Redwood Company

      8. 6.4.8 Kebony AS

      9. 6.4.9 Metsa Wood

      10. 6.4.10 Thermory AS

      11. 6.4.11 Trex Company Inc.

      12. 6.4.12 Universal Forest Products Inc.

      13. 6.4.13 Deck Solutions LLC

    5. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

    1. 7.1 Increasing Awareness about Wooden Decking in Emerging Nations

    2. 7.2 Other Opportunities

** Subject to Availability

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