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Global Wooden Decking Market to Register 4.93% CAGR with Increasing Remodeling Activities

10-01-2022 06:53 AM CET | Industry, Real Estate & Construction

Press release from: Inkwood Research

Global Wooden Decking Market

Global Wooden Decking Market

Inkwood Research estimates that the Global Wooden Decking Market is evaluated to project a CAGR of 4.93% in terms of revenue during the forecasting years of 2022-2030.

"Browse 48 Market Data Tables and 45 Figures spread over 223 Pages, along with an in-depth TOC on the Global Wooden Decking Market Forecast 2022-2030."

VIEW TABLE OF CONTENT LINK - https://www.inkwoodresearch.com/reports/wooden-decking-market/#table-of-contents

As a multi-faceted procedure, wood decking entails the installation of quality materials to building exteriors. In addition to offering thermal insulation, the process of wooden decking also helps guard the structure against severe climatic conditions. Wooden decks are primarily made of hardwood, pressure-treated wood, tropical redwood, wood-plastic composites (WPC), cedar, and various other materials.

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Increase in Remodeling Activities to Augment Market Growth

Wooden decking is largely employed within the residential sector for the purpose of new constructions, renovation, and maintenance of structures. For residential construction, wooden decking is utilized for numerous functions, such as paths, swimming pool decks, cladding and siding, flooring, and others.

The construction sector in the Asia-Pacific is evaluated to become the largest and fastest-growing industry globally in terms of residential and commercial projects. For instance, the Chinese government introduced vast construction plans, including the relocation of 250 million inhabitants to new megacities over the upcoming decade. This factor is likely to pave the way for wooden decking to be incorporated in various applications across building construction in the future, thus enhancing the overall quality.

Floor to be the Fastest-Growing Application by 2030

Since flooring is the most common use of wooden decking, increasing investments in commercial as well as residential constructions are driving the demand for the same. As a result, the segment is anticipated to grow rapidly over the upcoming years. Wooden deck flooring is typically utilized to cover outdoor surfaces. Moreover, wooden decking is a simple, environmentally friendly, and diverse design choice for furnishing the exteriors of houses or rooms. Owing to the material's good drainage capacity, it can also be installed on any surface type.

North America Dominated the Global Market in 2021

North America houses leading wooden decking companies, including AZEK Company Inc, Trex Company Inc, Weyerhaeuser Company, Humboldt Sawmill Company LLC, UFP Industries Inc, West Fraser Timber Co Ltd, and Deck Solutions LLC, among others. Furthermore, the United States has one of the largest construction industries globally. Private construction investments are on the rise in the nation, as well. Numerous active building activities, such as residential and infrastructure projects, are further set to fuel market expansion in North America.

The global wooden decking market is fragmented due to the significant presence of international and domestic players, primarily concentrated in regions such as North America and Europe. Regional players also hold considerable market shares at both local and national levels.

Some of the top firms operating in the market are AZEK Company Inc, Thermory AS, Deck Solutions LLC, etc.

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Related Reports:

GLOBAL WOOD-PLASTIC COMPOSITES MARKET
https://inkwoodresearch.com/reports/wood-plastic-composites-market/

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