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According to the latest market research report on the Wooden Decking Market, published by IndustryARC, The growing construction industry worldwide, fueled by increasing urbanization, is a significant driver of demand for wooden decking. As urban spaces become more densely populated, the popularity of wooden decking rises as a means to expand living areas, particularly in homes with limited interior square footage.
The Wooden Decking Market research report segmented By Type (Composite Decking, Hardwood Decking, Redwood, Cedar Decking, Tropical hardwoods, Pressure treated, Pine Decking, Wood Plastic Composite (WPC), and Others); By Application (Floor, Walls, Railing, Others); By End User (Residential, Non-Residential) and By Geography, which provides comprehensive analysis of global market & industry forecast (2024 - 2031).
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North America Anticipated to Show the Fastest Growth in the Market:
North America, particularly the United States, is a leading region in the wooden decking market, accounting for 36.0% of global demand. The robust construction industry plays a pivotal role in this dominance, comprising over 745,000 companies and providing employment for approximately 7.8 million individuals annually. A notable trend in the North American wooden decking market is the growing collaboration between manufacturers and distributors to enhance the availability of innovative products. This trend highlights the increasing demand for high-quality, aesthetically appealing decking solutions that combine the benefits of traditional wood with modern technology.
Wooden Decking Market 2024-2031: Scope of the Report
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Wooden Market Report – Key Takeaways:
- Packaging Industry is Leading the Market
The Composite Decking segment the Wooden Decking Market share by more than half in 2023; Compared to conventional wood decking, composite decking materials are more resilient to fading, insects, rot, and weather. Additionally, they need less upkeep, which appeals to builders and homeowners. Consumer adoption has increased due to manufacturing innovations that have improved product quality and expanded alternatives, such as enhanced color retention, anti-slip features, and scratch resistance.
- Increasing Demand in the Construction Industry is Poised to Increase the Wooden Decking Market Growth
The rise of the building industry, particularly in the residential sector, has a direct impact on the demand for the hardwood decking market. As the construction business expands, there is a greater need for new residential and commercial structures that incorporate outdoor living spaces such as terraces, decks, and balconies. Wooden decking is a popular choice for these outdoor living spaces due to its durability, natural beauty, and design flexibility. For instance, in December 2023, compared to December 2022, building production climbed by 1.9% in the eurozone and 2.4% in the EU.
As cities grow and more residential complexes are built, there is a greater demand for visually appealing and long-lasting outdoor spaces.
- High Maintenance Requirements of Wood Decking Hinders the Market
Unlike alternative materials like composite decking or PVC, wooden decking requires regular, ongoing maintenance to preserve its appearance and durability. The perception of wood decking as a high-maintenance material may drive buyers toward more durable, low-maintenance options. This shift can slow the demand for wooden decking, especially in regions where consumers prioritize convenience and lower long-term costs. A well-tended deck enhances a house for many years, but a poorly maintained one ages prematurely.
- Increasing Investment In Outdoor Landscaping By Homeowners
The trend towards outdoor living, including patios, gardens, and terraces is boosting the wooden decking market. Homeowners are investing in creating stylish, functional outdoor environments, where wooden decks often serve as the central feature. The rise of social media and home improvement shows has made homeowners more aware of landscaping possibilities, inspiring them to invest in their outdoor spaces. Furthermore, the accessibility of decking products through online retailers and local suppliers has made it easier for homeowners to purchase and install deckings.
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Key Opportunity Analysis:
Technological advancements & product innovation in decking
Technological advancements in decking materials, such as composite technology, smart decking solutions, and advanced treatments, offer the potential for product differentiation. There have been significant advancements in wooden decking technology, particularly in terms of treatment methods to enhance durability and resistance to decay and insects in the 20th century. This innovation allowed for longer-lasting, more durable decks, especially in climates prone to moisture and pests.
Sustainable And Natural Appeal
Wood is highly regarded for its natural appearance, warmth, and eco-friendly credentials. Consumers are increasingly preferring sustainably sourced wood, which aligns with the broader trend toward environmentally responsible products. The increasing inclination for sustainably sourced wood, particularly the FSC-certified wood (Forest Stewardship Council), presents significant market opportunities for the wooden decking market.
For instance, as of October 2024, the total FSC-certified forest area worldwide was approximately 161 million hectares, and 50,000 companies hold FSC chain of custody certification in 84 countries— and the global system is growing rapidly. The use of FSC-certified wood is expected to rise more as consumers opt for sustainable options, influencing builders and suppliers to offer certified products.
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The Report also Covers the Following Areas:
- Wooden Decking Market Size and Forecast
- Wooden Decking Market Trends
- Wooden Decking Market Analysis by Type
Wooden Decking Market 2022-2030: Key Highlights
- CAGR of the market during the forecast period 2023-2030
- Value Chain analysis of key stakeholders
- Detailed analysis of market drivers and opportunities during the forecast period
- Wooden Decking market size estimation and forecast
- Analysis and predictions on end users’ behavior and upcoming trends
- Competitive landscape and Vendor market analysis including offerings, developments, and financials
- Comprehensive analysis of challenges and constraints in the Wooden Decking Market
Covid and Ukrainian Crisis Impact:
- The COVID-19 pandemic has caused significant disruptions in global supply chains which has impacted the availability and cost of raw materials as well as the transportation of finished products. This has resulted in increased lead times, reduced production and higher costs. Additionally, the pandemic has caused delays in investment in new capacity and infrastructure which could impact the long-term supply and demand dynamics in the market.
- The Ukraine and Russia conflict led to an increase in prices and reduction in production which further led to a shortage of Wooden Decking. Many companies have shut business in Russia; temporarily shutting down their plants in Ukraine. Additionally, the crisis in Ukraine has also led to a reduction in investments in the Wooden Decking market as companies are hesitant to invest in a region that is facing political and economic instability. This could impact the long-term supply and demand dynamics of the market.
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List of Top Companies in the Wooden Decking Market:
The Global Wooden Decking Market is highly concentrated as the majority share is held by the leading Wooden Decking providers. The key companies profiled are listed below:
- SABIC
- UPM ProFi
- DuraLife Decking & Railing Systems
- AZEK Building Products
- Trex Company, Inc.
- Metsa Wood
- Cali Bamboo
- Thermory
- Fiberon
- Accoya
- Millboard
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Composite Decking and Railing Market - The Composite Decking and Railing Market is projected to grow at an estimated CAGR of 13.52% by 2030. Composite Decking & Railing is a low-maintenance material that blends the appearance of wood with the durability and ease of care of modern materials. Polyvinyl Chloride (PVC) and reclaimed wood flour are used to create an incredibly beautiful structure that is both weatherproof and strong. .
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