Wooden Decking Market Growth, Size, Trends, Revenue, Demand, Challenges and Future Outlook
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
| Published: Nov-2023 | Report ID: COAM2345 | Pages: 1 - 224 | Formats*: |
| Category : Construction & Manufacturing | |||
Wooden Decking market Introduction and Overview
According to SPER Market Research, the Global Wooden Decking market is estimated to reach USD 11.90 billion by 2033 with CAGR of 3.13%.
The report includes an in-depth analysis of the Global Wooden Decking Market, including market size and trends, product mix, applications, and supplier analysis. In a garden or other outside space, wooden planks that are affixed to the ground for pedestrian use. Wooden decking, which is usually composed of softwoods or hardwoods, adds a visually beautiful and natural touch to outdoor areas including patios, gardens, and poolside areas. The joist system or other supporting framework is covered with parallel-laid wooden boards to provide a level and solid surface for entertaining, walking, or relaxing on. Several benefits come with wooden decking, such as its cosy appearance, resilience to different weather conditions, and ease of upkeep.
- October 2022: AZEK Company Inc. opened its first production facility in Boise, Idaho, the Western United States. The 350,000-square-foot state-of-the-art facility further advances AZEK's strategy to promote material conversion to its types of long-lasting, low-maintenance, and environmentally sustainable outdoor living products. It also allows the company to scale to meet market demand for its goods.
- July 2023: To expand the reach of its innovative composite decking line, Oldcastle APG's well-known brand MoistureShield® and Mid-Am Building Supply, Inc. forged a strategic alliance.
Market Opportunities and Challenges
The need to create cosy spaces for entertainment and leisure as well as the expanding trend of outdoor living spaces are driving up demand for products. Wooden decking offers a stylish and adaptable way to improve the visual appeal of outdoor spaces while providing a sturdy and useful surface for a range of uses. Furthermore, consumers are being encouraged to choose timber decking as a renewable and biodegradable option due to growing environmental consciousness and knowledge. Wooden decking is a popular option for outdoor spaces because it has a lovely, natural appearance. The demand for wooden decking is being driven by the expansion of the construction industry worldwide as a result of increased urbanisation and the rising popularity of wooden decking as a way to expand living space in areas with limited interior square footage.
However, composite decking has surged in popularity, outpacing traditional wood decks due to its durability, low maintenance, and aesthetic appeal. Resistant to weather and wear, it mimics the look of wood while being eco-friendly, made from recycled materials. The demand for composite materials in construction, particularly for sustainable structures in the commercial sector, has soared in the last three years. Industries like railings, windows, doors, siding, molding, fences, and flooring are increasingly adopting composites. India's push for 100 Smart Cities further supports this trend, potentially limiting the growth of the wooden decking market.
Market Competitive Landscape
The major players in the Global Wooden Decking market include: Alfresco Floors, AZEK Building Products, DuraLife, Fiberon, Kebony, Metsa Wood, Thermory AS, UFP Industries, Vetedy Group, West Fraser Timber Co. Ltd., and various others. To improve their market position, a number of businesses are putting various strategic plans into practise, such as partnerships, acquisitions, and agreements to expand the production and distribution of wooden decking.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2019-2033 |
| Base year considered | 2022 |
| Forecast period | 2023-2033 |
| Segments covered | By Product Type, By Application, By Type of Construction, By End-User |
| Regions covered | North America, Asia-Pacific, Latin America, Middle East & Africa and Europe |
| Companies Covered | Alfresco Floors, AZEK Building Products, DuraLife, Fiberon, Kebony, Metsa Wood Thermory AS, , UFP Industries, Vetedy Group, West Fraser Timber Co. Ltd., and others. |
COVID-19 Impact on Global Wooden Decking Market
Due to mobility constraints, the building and construction industry, which is a key consumer of wooden decks, had a slowdown in ongoing construction projects during the COVID-19 outbreak. This had a mixed effect on the wooden decking market. Additionally, the disruption of international supply chains brought forth by trade boundary closures delayed the manufacture and delivery of decking materials. This resulted in shortages in some areas and higher raw material costs for wooden decking items. The industry for hardwood decking has benefited greatly from the COVID-19 pandemic, as seen by the extraordinary demand for wood plastic composite decking goods. The need for do-it-yourself wooden decking supplies increased as people in industrialized nations repaired their aging wooden decks due to stay-at-home constraints.
Key Target Audience
- Wooden decking manufacturers
- Raw material producers and suppliers
- Wooden decking distributors and traders
- End-use sectors
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Key Topics Covered in the Report
- Global Wooden Decking Market Size (FY’2023-FY’2033)
- Overview of Global Wooden Decking Market
- Segmentation of Global Wooden Decking Market By Product Type (Cedar, Pressure treated wood, Redwood , Tropical hardwood, Tigerwood, Mahogany, Teak, Ipe, others)
- Segmentation of Global Wooden Decking Market By Application (New decks on existing constructions, New decks on new constructions, Repairs & re-modelling)
- Segmentation of Global Wooden Decking Market By Type of Construction (Addressable, Conventional)
- Segmentation of Global Wooden Decking Market By End-User (Non-Residential, Residential)
- Statistical Snap of Global Wooden Decking Market
- Expansion Analysis of Global Wooden Decking Market
- Problems and Obstacles in Global Wooden Decking Market
- Competitive Landscape in the Global Wooden Decking Market
- Impact of COVID-19 and Demonetization on Global Wooden Decking Market
- Details on Current Investment in Global Wooden Decking Market
- Competitive Analysis of Global Wooden Decking Market
- Prominent Players in the Global Wooden Decking Market
- SWOT Analysis of Global Wooden Decking Market
- Fire Alarm and Detection Market Future Outlook and Projections (FY’2023-FY’2033)
- Recommendations from Analyst
- Government and R&D institutions
- Market research and consulting firms
- Associations and industry bodies
1. Introduction
1.1. Scope of the report1.2. Market segment analysis
2. Research Methodology
2.1. Research data source
2.1.1. Secondary Data2.1.2. Primary Data2.1.3. SPER’s internal database2.1.4. Premium insight from KOL’s
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1. Drivers4.1.2. Restraints4.1.3. Opportunities4.1.4. Challenges
4.2. COVID-19 Impacts of the Global Wooden Decking Market
5. Market variable and outlook
5.1. SWOT Analysis
5.1.1. Strengths5.1.2. Weaknesses5.1.3. Opportunities5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape5.2.2. Economic Landscape5.2.3. Social Landscape5.2.4. Technological Landscape5.2.5. Environmental Landscape5.2.6. Legal Landscape
5.3. PORTER’s Five Forces
5.3.1. Bargaining power of suppliers5.3.2. Bargaining power of buyers5.3.3. Threat of Substitute5.3.4. Threat of new entrant5.3.5. Competitive rivalry
5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Global Wooden decking market Manufacturing Base Distribution, Sales Area, Product Type6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Wooden Decking Market
7. Global Wooden Decking Market, By Product Type (USD Million)
7.1. Global Wooden decking market Value Share and Forecast, By Product Type, 2023-20337.2. Cedar7.3. Ipe7.4. Mahogany7.5. Pressure treated wood7.6. Redwood7.7. Teak7.8. Tigerwood7.9. Tropical hardwood7.10. Others
8. Global Wooden Decking Market, By Application (USD Million)
8.1. Global Wooden decking market Value Share and Forecast, By Application, 2023-20338.2. Building materials8.3. Rails & infrastructure
9. Global Wooden Decking Market, By Type of Construction (USD Million)
9.1. Global Wooden decking market Value Share and Forecast, By Type of Construction, 2023-20339.2. New decks on existing constructions9.3. New decks on new constructions9.4. Repairs & re-modelling
10. Global Wooden Decking Market, By End-User (USD Million)
10.1. Global Wooden Decking Market Value Share and Forecast, By End-User, 2023-203310.2. Non-Residential10.3. Residential
11. Global Wooden Decking Market Forecast, 2019-2033 (USD Million)
11.1. Global Wooden Decking Market Size and Market Share
12. Global Wooden Decking Market, By Product Type, 2019-2033 (USD Million)
12.1. Global Wooden Decking Market Size and Market Share By Product Type (2019-2026)12.2. Global Wooden Decking Market Size and Market Share By Product Type (2027-2033)
13. Global Wooden Decking Market, By Application, 2019-2033 (USD Million)
13.1. Global Wooden Decking Market Size and Market Share By Application (2019-2026)13.2. Global Wooden Decking Market Size and Market Share By Application (2027-2033)
14. Global Wooden Decking Market, By Type of Construction , 2019-2033 (USD Million)
14.1. Global Wooden Decking Market Size and Market Share By Type of Construction (2019-2026)14.2. Global Wooden Decking Market Size and Market Share By Type of Construction (2027-2033)
15. Global Wooden Decking Market, By End-User, 2019-2033 (USD Million)
15.1. Global Wooden decking Market Size and Market Share By End-User (2019-2026)15.2. Global Wooden decking Market Size and Market Share By End-User (2027-2033)
16. Global Wooden Decking Market, By Region, 2019-2033 (USD Million)
16.1. Global Wooden decking Market Size and Market Share By Region (2019-2026)16.2. Global Wooden decking Market Size and Market Share By Region (2027-2033)
16.3. Asia-Pacific
16.3.1. Australia16.3.2. China16.3.3. India16.3.4. Japan16.3.5. South Korea16.3.6. Rest of Asia-Pacific
16.4. Europe
16.4.1. France16.4.2. Germany16.4.3. Italy16.4.4. Spain16.4.5. United Kingdom16.4.6. Rest of Europe
16.5. Middle East and Africa
16.5.1. Kingdom of Saudi Arabia16.5.2. United Arab Emirates16.5.3. Rest of Middle East & Africa
16.6. North America
16.6.1. Canada16.6.2. Mexico16.6.3. United States
16.7. Latin America
16.7.1. Argentina16.7.2. Brazil16.7.3. Rest of Latin America
17. Company Profile
17.1. Alfresco Floors
17.1.1. Company details17.1.2. Financial outlook17.1.3. Product summary17.1.4. Recent developments
17.2. AZEK Building Products
17.2.1. Company details17.2.2. Financial outlook17.2.3. Product summary17.2.4. Recent developments
17.3. DuraLife
17.3.1. Company details17.3.2. Financial outlook17.3.3. Product summary17.3.4. Recent developments
17.4. Fiberon
17.4.1. Company details17.4.2. Financial outlook17.4.3. Product summary17.4.4. Recent developments
17.5. Kebony
17.5.1. Company details
17.5.2. Financial outlook17.5.3. Product summary17.5.4. Recent developments
17.6. Metsa Wood
17.6.1. Company details
17.6.2. Financial outlook17.6.3. Product summary17.6.4. Recent developments
17.7. Universal Forest Products
17.7.1. Company details
17.7.2. Financial outlook17.7.3. Product summary17.7.4. Recent developments
17.8. Thermory AS
17.8.1. Company details
17.8.2. Financial outlook17.8.3. Product summary17.8.4. Recent developments
17.9. Vetedy Group
17.9.1. Company details17.9.2. Financial outlook17.9.3. Product summary17.9.4. Recent developments
17.10. Others
18. List of Abbreviations
19. Reference Links
20. Conclusion
21. Research Scope
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
Wooden Decking Market is projected to reach USD 11.90 billion by 2033, growing at a CAGR of 3.13% during the forecast period.
Wooden Decking Market size from 2022. The Market is expected to reach USD 11.90 billion by 2033, at a CAGR of 3.13% during the forecast period.
Wooden Decking Market CAGR of 3.13% during the forecast period.
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Wooden Decking Market size is USD 11.90 billion from 2023 to 2033.
Wooden Decking Market Segment is covered By Product Type, By Application, By Type of Construction, By End-User.
The North America is anticipated to have the highest market share in the Wooden Decking Market.
The key players in the market include Companies Covered Alfresco Floors, AZEK Building Products, DuraLife, Fiberon, Kebony, Metsa Wood Thermory AS, , UFP Industries, Vetedy Group, West Fraser Timber Co. Ltd., and others..
Resistant to weather and wear, it mimics the look of wood while being eco-friendly, made from recycled materials.
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