Press release
Wooden Decking Market Trends, Major Manufacturers, End Users and Opportunities by 2030
Wooden Decking Market
The global wooden decking market size was valued at $13,858.7 million in 2020, and is projected to reach $18,624.0 million by 2030, registering a CAGR of 2.9% from 2021 to 2030
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Top Companies
Humboldt Redwood Company, James Latham PLC, Long Fence, Metsa Group, Setra Group AB, UFP Industries, UPM-Kymmene Corporation, Vetedy Group, West Fraser Timber Co. Ltd., Weyerhaeuser Company.
Wooden decks are strong, durable, and have a lasting appearance compared to other decking materials. These extensions are an eco-friendly way to furnish both outdoor areas as well as the residential & commercial sectors. Gardening & landscaping, balconies, terraces, and expanded living rooms are all possible with the use of wooden decks. The demand for wooden decks with railings & public seating areas, and other new infrastructure concepts has increased in the residential and commercial sector. Decks are available in a variety of styles, including hardwood decking tiles and panels.
Wooden decking has long been a popular choice for enhancing outdoor living spaces, and its market continues to thrive as more homeowners and commercial property owners recognize the value of these versatile, eco-friendly, and aesthetically pleasing additions. This article explores the dynamics of the wooden decking market, from its growth drivers to the evolving consumer preferences and environmental considerations.
The rise in new residential construction projects, especially in urban areas, has contributed significantly to the wooden decking market. Homeowners are increasingly investing in outdoor living spaces to extend their usable square footage. The renovation and remodeling industry has seen substantial growth, with homeowners opting to upgrade existing decks or install new ones to improve property value and enhance their quality of life. The growing focus on environmental sustainability has influenced consumer choices. Wooden decking, when sourced from responsibly managed forests, is considered an eco-friendly choice compared to alternatives like composite or PVC decking.
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Synthetic decking materials like composite and PVC are gaining popularity due to their low maintenance requirements. However, wooden decking's natural beauty and sustainability can still set it apart. Unsustainable logging practices can harm forests, and consumers are becoming increasingly conscious of the need for responsible wood sourcing. Industry players must adapt to these concerns. Consumers are increasingly interested in wooden decking materials sourced from certified, sustainably managed forests. Certifications like FSC (Forest Stewardship Council) have gained importance.
Many manufacturers are now sourcing wood from certified, responsibly managed forests, and some are opting for reclaimed or recycled wood. Companies are implementing recycling programs for old wooden decking materials, reducing waste and the need for virgin wood. Innovations in wood preservation techniques are helping extend the lifespan of wooden decks without resorting to harmful chemicals.
The wooden decking market continues to thrive due to its timeless appeal, versatility, and sustainability. As consumers prioritize eco-friendliness and personalized design options, the industry is adapting to meet these evolving preferences. Sustainable sourcing, innovative designs, and low-maintenance solutions are keys to the market's future growth, ensuring that wooden decking remains a beloved choice for outdoor spaces worldwide.
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