Wooden Decking Market expected to witness a significant growth by 2025 | Sundek Interio, United Construction Products, AZEK Building Products, Metsa Wood, Humboldt Redwood Company

Europe is expected to hold the significant share in wooden decking market. In European Union residential stock is the biggest segment constituting around 75% of the total building stock. Of this residential stock, around 64% are row houses/single family houses.

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Countries such as UK, Ireland, Norway, Netherlands have more than 80% of single-family houses, and with recovery in residential sector due to rise in real estate prices the demand for wooden deck is also expected to show a positive growth rate over forecast timespan in region. Besides countries such as China, Brazil and Mexico will also show a decent growth due to increasing refurbishment and remodeling activities.

Wooden decks are flat surfaces that are able to provide support and withstand weight. These are used widely in luxury homes for generally outdoor applications such as construction of floors, rails across gardens. Globally the demand of luxury homes is on rise due to rise in per capita income, changing consumer aspirations and lifestyles. High disposable income enables citizens to spend their money on various amenities, to reflect lavish lifestyles.

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In developed economies the wooden decking market size is expected to show substantial growth as the demand for luxury house will propel due to their ability to provide higher return on investment as these are one of the best performing assets in terms of value and will yield after a period of time. Availability of substitutes such as composite decking solutions which are easy to install and durable, coupled with high maintenance requirements for wooden decks is likely to hinder the market growth rate in near future.

On the basis of application, the wooden decking market size is segmented into railings, walls, floors and others. The others segment includes structures like pergolas, planters, etc. The product is used in all these applications to enhance the aesthetics of the houses. On the basis of end use sector, the market is segmented into residential and non-residential. Among these residential sectors is expected to hold the major share due presence of large number of residential building stock all across the globe. The non-residential includes all the commercial, institutional buildings where wooden decks are used for providing lavish and appealing look. Also, wooden decks are majorly used in row houses/single family houses rather than apartments.

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Some of the prominent players in wooden decking market are Sundek Interio, United Construction Products, AZEK Building Products, Metsa Wood, Humboldt Redwood Company, DuraLife, Kebony, Universal Forest Products, Deck Solutions, Koppers, Trex Company, Alfresco Floors, Thermory AS, etc.

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