Decking is a special kind of home improvement that enhances the outdoor space and makes it more useful and aesthetically pleasing. Hardwood boards are attached to the ground to form decking, which is utilized for foot circulation in outdoor areas such as gardens. It involves constructing an outdoor floor that is mostly composed of sturdy outdoor lumber that is resistant to weather damage.
According to SPER market research, ‘Wooden Decking Market Size- By Product Type, By Application, By Type of Construction, By End-User - Regional Outlook, Competitive Strategies and Segment Forecast to 2033’ state that the Wooden Decking Market is predicted to reach USD 11.90 billion by 2033 with CAGR of 3.13%.
Wooden decks are getting more and more popular because of their capacity to increase living space and promote outdoor life. Because of its versatility and ease of design, wooden decking is frequently used in houses to create patios, landscape gardens, or expand living areas. Because more people in cities have more money to spend, more new homes can be built there, which raises the demand for wooden decks. The reasons driving the growth of the wooden decking sector are the rise in re-modelling and restoration projects, as well as the rising demand for luxurious housing and infrastructure.
However, despite wood decks being most popular for a long time, composite decking are becoming more and more popular for building decks and outdoor living areas and is posing serious challenge to decking market. Composite decking is designed to be exceedingly robust, unparalleled in beauty, straightforward, and low maintenance. All the benefits of wood materials are available with composite decking, without the need for laborious routine maintenance or high care requirements. Due to its resistance to splintering and wear, it is more sought-after than wood. It seems that, the high cost of preserving and maintaining of wooden decking is expected to hinder market expansion. Furthermore, worries about deforestation and the requirement for sustainable sourcing methods could result in more stringent laws that limit market growth.
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The building and construction sector, which is a major user of wooden decking, experienced a halt in ongoing construction projects during the COVID-19 outbreak due to mobility limitations. This had a conflicting impact on the market for timber decking. In addition, the production and distribution of decking materials were delayed by the disruption of global supply networks caused by trade boundary closures. The industry has also progressively recovered from the epidemic's early effects by embracing online platforms for consultations and sales, implementing safety precautions, and emphasizing the benefits of living outside.
Geographically, the greatest market for wooden decks is North America. China, Germany, and the United States are some of the major markets for wooden decks. Over the course of the forecast period, the wooden decking market in Asia-Pacific is anticipated to grow at the fastest rate. The demand for wooden decks has increased as a result of the expansion of the building sector and the improvement of financial conditions in the area. Additionally, some of the market key players are Alfresco Floors, AZEK Building Products, DuraLife, Fiberon, Kebony, Metsa Wood, Thermory AS, UFP Industries, Vetedy Group, West Fraser Timber Co. Ltd., and various others.
Wooden Decking Market Key Segments Covered
The SPER Market Research report seeks to give market dynamics, demand, and supply forecasts for the years up to 2033. This report contains statistics on product type segment growth estimates and forecasts.
By Product Type: Based on the Product Type, Global Wood Decking Market is segmented as; Pressure treated wood, Redwood, Tropical hardwood, Tigerwood, Mahogany, Teak, Ipe, Others.
By Application: Based on the Distribution Channel, Global Wood Decking Market is segmented as; Building materials, Rails & infrastructure.
By Type of Construction: Based on the Distribution Channel, Global Wood Decking Market is segmented as; New decks on existing constructions, New decks on new constructions, Repairs & remodelling
By End-User: Based on the Distribution Channel, Global Wood Decking Market is segmented as; Non-Residential, Residential.
By Region: This research also includes data for North America, Asia-Pacific, Latin America, Middle East & Africa and Europe.
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According to the current analysis of Reports and Data, the global Wooden Decking market was valued at USD 7.53 Billion in 2018 and is expected to reach USD 8.34 Billion by year 2026, at a CAGR of 1.9 %.
This report covers the genre of building materials with specific focus on wooden decking.
However, they preserve the woody look.
However, the growing environmental concerns and availability of alternatives act as the main restraining factors.
Thus, there is a rising demand for wooden decks in developing countries.The incessant rise in the demand for construction works as well as residential interiors has been a major driving factor in the market.Factors such as fluctuations in wood and related material prices and availability of substitutes such as plastic decks and wood-polymer composite decks might restrict the growth of the market.New decks on new houses plays a key role in changing the wooden decking landscape and is projected to grow at the second-highest rate during the forecast period.Several technological developments and advancements have developed the quality of the wooden decks making them splinter resistant, rot resistant, durable and sustainable.
This has furthermore encouraged demand for wooden decks.The rising environmental awareness and the stringent governmental laws to protect the environment acts as a restraining factor for production.
