Market Size in 2023 | Market Forecast in 2032 | Growth Rate (in %) | Base Year |
---|---|---|---|
USD 8.62 Billion | USD 11.09 Billion | CAGR at 2.84% | 2023 |
The value of the global wooden decking market was $8.62 billion in 2023, and Zion Market Research projects that it will increase to $11.09 billion by the end of 2032. The market is expected to grow with a CAGR of 2.84% during the forecast period.
This study provides an analysis of the growth drivers, growth restrictions, and influence on demand that are associated with the Global Wooden Decking Market over the time of forecasting. Additionally, it will assist in navigating and investigating the possibilities that are becoming available in the Wooden Decking Market market.
Deck is a flat surface able to support the weight. Similar to the floor, the deck is often constructed outdoors, elevated from ground level and mainly connected to a building. These decks are made up of composite lumber, aluminum, treated lumber, and composite material. Wooden decking is used to build patios, garden landscaping, extend living areas, and much more. Mostly, decks are made up of pressure-treated lumber and, very often, steel beams. You can even walk over decking.
The growth in the global wooden decking market is mainly due to rapidly improving construction activities. Escalating demand for wooden decking from commercial and residential sector may fuel the global wooden decking market in future. The company's focus on investing huge amount on infrastructure sectors is expected to boost global market growth. Accelerating urbanization also positively impacts the global wooden decking market. Pressure-treated wood is extensively used in wooden decking as it can withstand in icy and moist weather conditions, is durable and long These properties are projected to fuel market growth in future. Furthermore, pressure-treated wood is resistant to insects, rots, and internal decay; this may also further influence the global wooden decking market to some extent. Owing to above-listed factors, wooden decking is widely used in the commercial, residential, and industrial structures.
The global wooden decking market is segmented
on the basis of end-use as, non-residential and residential.
Based on applications, the global market is fragmented into rails, infrastructure, and building materials.
Further, the global market is divided
based on construction, with new decks on new constructions, repairs & remodeling, and new decks on existing constructions.
The global wooden decking market is bifurcated as cedar, pressure treated wood, redwood, and others.
Report Attributes | Report Details |
---|---|
Report Name | Wooden Decking Market Research Report |
Market Size in 2023 | USD 8.62 Billion |
Market Forecast in 2032 | USD 11.09 Billion |
Growth Rate | CAGR of 2.84% |
Number of Pages | 201 |
Key Companies Covered | Humboldt Redwood Company, West Fraser Timber Co. Ltd., UPM-Kymmene Corporation, Mendocino Redwood Company, and Universal Forest Products, Inc. Weyerhaeuser Company, Cox Industries, Inc., Setra Group, Metsä Group, James Latham PLC, and Vetedy Group. |
Segments Covered | By Application, By Construction, By End-User, and By Region |
Regions Covered | Latin America, North America, Asia Pacific, Europe, The Middle East, And Africa |
Base Year | 2023 |
Historical Year | 2018 to 2022 |
Forecast Year | 2024 - 2032 |
Customization Scope | Customized purchase options are available to meet your exact research needs. Request For Customization |
Asia Pacific holds the largest market in the global wooden decking market owing to rising urbanization. Increasing consumer preferences for lavishing infrastructures is further anticipated to boost the global market in coming years. However, emerging economies focus on huge investments in commercial and industrial infrastructure, which is expected to fuel global wooden decking market growth in the near future. Increasing per capita income in developing economies such as China and India is mainly owing to the growing spending power of the middle-class population on construction sectors.
Key players in the global wooden decking market are
key players influencing the global market are
By End-Use
By Applications
By Construction
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