Wooden Decking Market is Expected to Grow at CAGR 1.37% by 2023 | Key Players; Mohawk Industries, Inc., UPM-Kymmene Corporation, Weyerhaeuser Company, West Fraser Timber Co. Ltd., Universal Forest Products, Inc., Metsa Group, Setra Group, James Latham plc

Market research future published a half-cooked research report on Global Wooden Decking Market that contains the information from 2017 to 2023. Global wooden decking market is expected to grow at ~1.37% CAGR from 2017 to 2023.

Taste the market data and market information presented through more than 85 market data tables and figures spread in 140 numbers of pages of the project report. Avail the in-depth table of content TOC & market synopsis on “Global Wooden Decking Market Information from 2017 to 2023"

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Deck is nothing but a flat surface that is able to support and withstand weight. Wooden decking is used to build patios, garden landscaping, extend living areas, railings, and much more. Various types of wood, are used to make a wooden decking. Growing construction industry across the globe, is a major growth driver of the market. The increase in the private non-residential spending and the public non-residential spending, is also expected to contribute in the growth of the market. However, availability of substitutes such as plastic decks, may restrict the growth of the market.
Hence, the global wooden decking market is expected to grow at CAGR ~1.37% during the forecast period.

Market Research Analysis:

For the purpose of this study, the global wooden decking market has been divided into three segments such as by type, by application and by end user. On the basis of type, the market has been segmented as pressure-treated wood, redwood, cedar wood, tropical hardwood and others. Among the type, pressure-treated wood accounts the largest market share. Pressure-treated wood is durable and long lasting. It can withstand extreme moist and icy conditions. Upon being treated with waterborne preservatives, pressure-treated wood products become resistant to internal decaying, rots, and insects, which has increased its preference among customers. The product is widely adopted in residential and infrastructural buildings. On the basis of applications, the market has been segmented as floor, wall, railing and others. For aesthetic reasons, people prefer wooden deck on floorings, walls, and railings, which are needed to ensure personal safety on all but true ground level decks.

On the basis of application, the market has been segmented as residential and non-residential. Residential segment dominates the application segment of the market, and is expected to grow at the highest CAGR during the forecast period. Rise in demand for wood decking across the residential segment, attributed to changing consumer lifestyle and increased consumer disposable income. Moreover, the growing demand across the construction industry, and increased home improvement & renovation projects, also fuel the demand of the market in residential applications. Non-residential application is expected to contribute significantly in the market growth during the forecast period, mainly due to increase in hospitality, corporate offices, education, and retail sector.

Scope of the Report

This study provides an overview of the global wooden decking market, tracking three market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia Pacific (APAC) and Rest of the World (ROW). The report also provides a forecast, focusing on the market opportunities for the next six years for each region. The scope of the study segments the global wooden decking market by its type, by application, by end user and region.

By Type

• Pressure-Treated Wood
• Redwood
• Cedar Wood
• Tropical Hardwood
• Others

By Application

• Floor
• Wall
• Railing
• Others

End User

• Residential
• Non-residential
By Region

• North America
• Asia-Pacific
• Europe
• Rest of the World

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The prominent players in the wooden decking market include Mohawk Industries, Inc. (U.S.), UPM-Kymmene Corporation (Finland), Weyerhaeuser Company (U.S.), West Fraser Timber Co. Ltd. (Canada), Universal Forest Products, Inc. (U.S.), Metsa Group (Finland), Setra Group (Sweden), James Latham plc (U.K.), Cox Industries Inc. (U.S.), Humboldt Redwood Company and Mendocino Redwood Company (U.S.), Vetedy Group (U.S.)., Trex Company, Inc. (U.S.), Danzer (Austria), and Shaw Industries Group, Inc. (U.S.).

This research report provides insights, on various levels of analysis such as industry analysis, and market share analysis for the leading players along with their profiles. It also helps in studying the target segments by providing views on emerging & high-growth segments. The market data comprises the basic assessment of the competitive scenarios & strategies in the global construction lift market, including high-growth regions and/or countries, and political, & economic environments. The project report, further, provides views on both the historical market values and pricing & cost analysis.
North America region dominates the global wooden decking market
Geographically, the global wooden decking market has been divided into four major regions as North America, Europe, Asia Pacific and Rest of the World. North America region, has accounted for the largest market share, in 2016, followed by Europe. Increasing demand for low maintenance building products, is driving the growth of the market in North America region. U.S. contributes majorly in both, global and North America wooden decking market. Developments in commercial and residential structures in the U.S., is expected to fuel the demand for the market in the region. Additionally, consumer preference for green buildings and sustained investments in commercial real estate, have also had a positive influence on the growth of the market. Europe is the second-largest market for wood decking. Increasing repair and rehabilitation activities of existing infrastructure, creates huge potential for the market in the future.

Asia Pacific is expected to grow at the highest CAGR during the forecast period. Rapidly growing construction activities in the region, is driving the demand of the market. China, Japan, India, and Singapore are the major markets in Asia Pacific region. Growing residential and non-residential construction activities in the region, are driving the growth of the market here. Additionally, growing awareness about wooden decking, among consumers, is also expected to provide opportunities for market growth. In rest of the world, Middle East region is expected to contribute significantly during the forecast period, mainly due to changing lifestyle and high growth in construction sector.

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