Press release
Decks Market Insights 2025-2034: Growth Forecast and Strategic Priorities
Decks
Decks Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
In recent times, the decks market has seen considerable growth. This market, worth $13.53 billion in 2024, is predicted to increase to $14.47 billion in 2025, signifying a compound annual growth rate (CAGR) of 6.9%. The notable growth during the historic period can be traced back to the heightened demand for outdoor living spaces, escalation in urbanization linked with residential developments, increased usage of composite decking materials, the popularity of home renovations, and an enhanced emphasis on aesthetic attraction and property value.
Decks Market Size Forecast: What's the Projected Valuation by 2029?
In the upcoming years, the decks market size is predicted to experience robust growth, reaching $18.70 billion by 2029. This equates to a compound annual growth rate (CAGR) of 6.6%. A few factors contributing to this growth during the forecast period include an increasing trend towards outdoor offices and workspaces, a surge in demand in developing economies due to urbanization, a rising consciousness about weather-resistant deck materials, a growing need for versatile outdoor spaces, and a heightened emphasis on energy-efficient outdoor structures. Key trends throughout this period encompass the rise of technology-driven composite decking, the development of environmentally conscious materials, the merging of decks with outdoor living spaces, advancements in deck understructure, and enhancements in multi-level deck design.
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What Are the Drivers Transforming the Decks Market?
The decks market's development is anticipated to be fueled by the expansion of the construction industry. The construction industry, which entails planning, designing, constructing, and erecting infrastructure along with residential, commercial, and industrial projects, is primarily growing due to increased urbanization. This growth in urbanization is increasing the need for residential, commercial, and infrastructural development to accommodate burgeoning urban populations. By providing functional outdoor living spaces that improve property value and attractiveness, decks boost the construction industry, aiding residential and commercial construction projects' growth. For example, the Australia Bureau of Statistics, an Australian government institution, noted a rise in dwellings under construction from 240,065 units in 2022 to 240,813 units in 2023 in July of that year. Thus, the booming construction industry is propelling the decks market's growth.
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What Long-Term Trends Will Define the Future of the Decks Market?
High-profile businesses in the decks market are prioritizing the creation of groundbreaking solutions such as concealed fastening systems, with the aim of enhancing the visual appeal and the integrity of the deck surface. Concealed fastening systems, which are invisible connectors utilized to safely attach deck boards without observable screws or nails, result in a polished, unblemished surface. To exemplify, Trex Company Inc., a boarding firm based in the US, in March 2024, introduced the advanced Trex hideaway fastener collection, specifically engineered for composite and grooved deck boards. This innovative range consists of hidden fasteners, accompanied with stainless steel screws positioned in sturdy, glass-filled nylon connectors. This arrangement allows for rapid installation, extended reliability, and a spotless, fastener-free deck surface. Constructed to ascertain precise board spacing and complete compatibility with every Trex-grooved decking product, this system provides a refined finish and straightforward maintenance.
Which Segments in the Decks Market Offer the Most Profit Potential?
The decks market covered in this report is segmented -
1) By Material: Metal, Wood, Plastic And Composites, Concrete
2) By Fastening Method: Deck Board Face Fastening, Deck Board Hidden Fastening, Deck Board Edge Fastening
3) By Application: Railing, Walls, Floors, Other Applications
4) By End User: Residential, Non Residential
Subsegments:
1) By Metal Decks: Steel Decks, Aluminum Decks, Galvanized Metal Decks, Corrugated Metal Decks
2) By Wood Decks: Pressure-Treated Wood Decks, Cedar Wood Decks, Redwood Decks, Tropical Hardwood Decks
3) By Plastic And Composite Decks: Polyvinyl Chloride Decks, High-Density Polyethylene Decks, Wood-Plastic Composite Decks, Capped Composite Decks
4) By Concrete Decks: Precast Concrete Decks, Poured-in-Place Concrete Decks, Stamped Concrete Decks, Structural Concrete Slabs
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Which Firms Dominate the Decks Market by Market Share and Revenue in 2025?
Major Companies operating in the decks market are UFP Industries Inc, Nexan Building Products Inc, The AZEK Company Inc, Trex Company Inc, Tamko Building Products LLC, Fiber Composites LLC, Thermory AS, Deckorators Inc, Cali Bamboo LLC, Fortress Building Products, MoistureShield, Kebony AS, Wolf Home Products Inc., Accsys Technologies PLC, The Millboard Company Ltd., Futurewood Pty Ltd, Lumberock Premium Decking, Buyrite Enterprises Limited., Envision Building Products LLC, Green Bay Decking LLC
Which Regions Offer the Highest Growth Potential in the Decks Market?
North America was the largest region in the decks market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the decks market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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