Market Size of Wooden Decking Industry
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 24.67 Billion |
| Market Size (2029) | USD 32.08 Billion |
| CAGR (2024 - 2029) | 5.39 % |
| Fastest Growing Market | Asia-Pacific |
| Largest Market | North America |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Wooden Decking Market Analysis
The Wooden Decking Market size is estimated at USD 24.67 billion in 2024, and is expected to reach USD 32.08 billion by 2029, growing at a CAGR of 5.39% during the forecast period (2024-2029).
In 2020, due to the COVID-19 pandemic, most infrastructure projects were shut down for a specified period. Owing to this, the demand for wooden decking was reduced drastically. However, the sector has been recovering well since restrictions were lifted. Growing investments in the construction sector globally and favorable government policies have been leading the market recovery in 2021 and 2022.
- Over the long term, an increase in remodeling and refurbishment activities and the demand for housing and lavish infrastructure in developed nations will likely stimulate the market demand.
- On the flip side, replacement by composite decking is expected to hinder the market's growth.
- Wood modification for enhanced properties is likely to create opportunities for the market in the coming years.
- The Asia-Pacific region is likely to witness the highest CAGR during the forecast period.
