Global Wooden Decking Market to Progress at $27.94 Billion by 2028

According to Triton Market Research's report, the global wooden decking market attained $20.16 billion in 2021. It is anticipated to register a CAGR of 4.82% during the forecast period 2022-2028.

A recent study by Triton Market Research titled Global Wooden Decking Market includes the Global Analysis and Forecasts by End-user {Non-residential, Residential}, Application {Wall, Floor, Railing, Other Applications}, Product Type {Redwood, Pressure-treated Wood, Cedar, Wood-Plastic Composites (WPC), Tropical Hardwood, Other Product Types}, and Regional Outlook {North America, Latin America, Middle East and Africa, Europe, Asia-Pacific}.

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The report by Triton indicates that the global market for wooden decking would progress at a CAGR of 4.82% during 2022-2028, reaching a revenue worth $27.94 billion by 2028.

Globally, residential construction has increased dramatically due to population growth, economic development, urbanization, and migration. Many governments around the world are encouraging the construction of affordable housing units. Furthermore, over the next five years, affordable housing projects in India are expected to provide financing opportunities worth $0.62 trillion for private investors. As a result, the growth of the wooden decking market will be driven by an increase in affordable housing projects.

However, the growing use of alternative wood decking materials poses a challenge to the market's growth. Furthermore, the sales and market share of wood-alternative decking material manufacturers have increased due to rising timber prices and a home remodeling boom, among other factors. Rising timber prices have caused many buyers to reconsider using synthetics. As a result, the growing use of alternative wood decking materials limits the market's growth.

The wooden decking market is divided into end-user, application, and product type. Based on end-user, the market is bifurcated into non-residential and residential. The application segment includes wall, floor, railing, and other applications. Lastly, the product type segment consists of redwood, pressure-treated wood, cedar, wood-plastic composites (WPC), tropical hardwood, and other product types.

North America leads the wooden decking market globally. The region's stronghold is due to the presence of leading market players in the region. Furthermore, the United States has one of the largest construction industries in the world, with notable private construction investments. Several ongoing construction projects, including commercial, residential, and industrial projects, are expected to boost the region's wooden decking market's growth.

Deck Solutions LLC, Setra Group AB, Kebony, DuraLife Decking & Railing Systems, UFP Industries Inc, NeoTimber, Fiberon, Azek Company Inc, Vetedy Group, Thermory AS, Weyerhaeuser Company, Trex Company Inc, Humboldt Sawmill Company LLC, Tecnodeck (Mittera Group), Inovar Floor, West Fraser Timber Co Ltd, UPM-Kymmene Oyj, Mendocino Forest Products Company LLC, and Metsä Group, are some leading companies in the wooden decking market.

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Question & Answer: Wooden Decking Market

Question 1: What factors contribute to the wooden decking market's growth?

Answer: Globally, residential construction has increased dramatically due to population growth, economic development, urbanization, and migration. Many governments around the world are encouraging the construction of affordable housing units. Furthermore, over the next five years, affordable housing projects in India are expected to provide financing opportunities worth $0.62 trillion for private investors. As a result, the growth of the wooden decking market will be driven by an increase in affordable housing projects.

Question 2: What factors impede the global wooden decking market's development?

Answer: The growing use of alternative wood decking materials poses a challenge to the market's growth. Furthermore, the sales and market share of wood-alternative decking material manufacturers have increased due to rising timber prices and a home remodeling boom, among other factors. Rising timber prices have caused many buyers to reconsider using synthetics. As a result, the growing use of alternative wood decking materials limits the market's growth.

Question 3: Which region dominates the wooden decking market?

Answer: North America leads the wooden decking market globally. The region's stronghold is due to the presence of leading market players in the region. Furthermore, the United States has one of the largest construction industries in the world, with notable private construction investments. Several ongoing construction projects, including commercial, residential, and industrial projects, are expected to boost the region's wooden decking market's growth.

Question 4: Which are the established firms in the global wooden decking market?

Answer: Deck Solutions LLC, Setra Group AB, Kebony, DuraLife Decking & Railing Systems, UFP Industries Inc, NeoTimber, Fiberon, Azek Company Inc, Vetedy Group, Thermory AS, Weyerhaeuser Company, Trex Company Inc, Humboldt Sawmill Company LLC, Tecnodeck (Mittera Group), Inovar Floor, West Fraser Timber Co Ltd, UPM-Kymmene Oyj, Mendocino Forest Products Company LLC, and Metsä Group, are some leading companies in the wooden decking market.

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