Wooden Decking Market Growth, Rising Trends, Global Industry Share, CAGR Status, Revenue, Challenges, Future Opportunities and Forecast 2033
Decking is a type of home renovation that improves the outdoor space, making it more functional and aesthetically beautiful. Hardwood boards are placed to the ground to create decking, which is used for foot circulation in outdoor areas such as gardens. It entails constructing an outdoor floor made largely of durable 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 becoming increasingly popular due to their ability to expand living space and promote outdoor activities. Because of its versatility and ease of design, wooden decking is commonly used in homes to build patios, landscape gardens, and increase living spaces. More people in cities have more money to spend, thus more new homes can be developed, increasing demand for wooden decks. The increase in re-modeling and restoration projects, as well as the growing demand for opulent homes and infrastructure, are driving the growth of the wooden decking sector.
Despite the fact that wood decks have long been the most popular choice, composite decking is becoming increasingly popular for creating decks and outdoor living areas, posing a serious challenge to the decking business. Composite decking is intended to be extremely durable, aesthetically pleasing, simple, and minimal maintenance. Composite decking provides all of the benefits of wood products without the tedious routine maintenance or high care requirements. Because of its resilience to splintering and wear, it is more desirable than wood.? It appears that the high expense of keeping and maintaining timber decking will limit market expansion. Furthermore, concerns about deforestation and the need for sustainable sourcing methods may result in more strict regulations that impede market growth.
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The building and construction business, which relies heavily on wooden decking, saw a halt in ongoing construction projects during the COVID-19 outbreak due to mobility limits. This had a conflicting effect on the market for timber decking. Furthermore, trade boundary closures disrupted global supply networks, delaying decking material manufacturing and shipment. The sector has also gradually recovered from the epidemic's early effects by using online consultation and sales platforms, instituting safety procedures, and highlighting the benefits of living outside.
Geographically, North America is the largest market for wooden decks. China, Germany, and the United States are among the largest markets for wooden decks. Over the projected period, the wooden decking market in Asia-Pacific is expected to develop at the quickest pace. As the building sector has expanded and financial conditions in the area have improved, so has the need for wooden decks.
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.
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By Region: This research also includes data for North America, Asia-Pacific, Latin America, Middle East & Africa and Europe.
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9 个月Anthony Tone Very informative. Thank you for sharing.