Market by Product Type, Application, End-user, and Country Outlook | Forecast 2022-2028
As per Triton Market Research’s report, the wooden decking market in the Asia-Pacific is estimated to grow with a CAGR of 5.21% over the forecasting period 2022-2028.
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The
countries scrutinized in this region include:
•
ASEAN Countries
•
Australia & New Zealand
•
Japan
•
South Korea
•
China
•
India
•
Rest of Asia-Pacific
China
is expected to observe the fastest growth in the market in this region during
the estimated period. Countries in Asia are focusing
on infrastructure development, thereby fueling the construction industry in the
region. The demand for wooden decking is expected to grow, as the number of
logistics centers, IT towers, multifunctional towers, and universities
increases, thus driving the market in the Asia-Pacific market. However, this
growth is affected by fluctuations in timber production and demand.
China is the world’s leading
construction market, accounting for 20% of overall construction investments. A
rise in household income levels and a surging number of people relocating from
rural to urban regions have fueled the demand for the residential building
sector in the country. Moreover, the construction of non-residential
infrastructure, such as hospitals & healthcare facilities and commercial
facilities, is also on the rise, which is anticipated to fuel the demand for
wooden decking in the country.
The construction sector
in Japan is likely to grow in the forthcoming years due to enhanced expenditure
on public & private infrastructure and commercial projects. Japan is known
for its high-rise buildings, with Tokyo serving as the prime hub for such
structures. Two high-rise towers for Tokyo station, a 37-story (230-meter tall)
office tower and a 61-story (390-meter tall) office tower, are scheduled for
completion by 2027. With the planning and construction of such structures
growing in Japan, the country’s wooden decking market is expected to observe
growth.
Pressure-treated wood is
specially treated to make it more durable and less resistant to mildew, rot, water
damage, and insect infestation. Some pressure treatments can also make the wood
fire-resistant. Pressure-treated wood is generally used for home ceilings, wall
sidings, and outside stairs. It has a lifespan ranging from 9 to 40 years or
more, depending on how and where it is used.
Triton’s
report assesses the market according to product type, application, and end-user.
Here, the product type segment comprises pressure-treated wood, cedar, tropical
hardwood, redwood, wood-plastic composites (WPC), and other product types.
The
notable companies in the wooden decking market include UFP Industries Inc, West
Fraser Timber Co Ltd, NeoTimber, Inovar Floor, Kebony, DuraLife Decking &
Railing Systems, Tecnodeck (Mittera Group), Vetedy Group, Trex Company Inc, and
Deck Solutions LLC.
Inovar Floor is a Malaysia-based
company that offers wood decking and flooring products. The company sells its
outdoor decking products under the brand names DeckShield UltraDeck,
NatureDeck, and NovaDeck. Inovar is renowned for its durable and
environment-friendly products. The company is headquartered in Bestari Jaya,
Kuala Lumpur. It has regional offices in India, Vietnam, Thailand, Taiwan,
Singapore, and Australia.
Key deliverables of the report:
·
Market
CAGR during the forecasting years 2022-2028
·
Detailed
data highlighting key insights, industry components, and market strategies
·
Comprehensive
information and estimation of the wooden decking market revenue growth in Asia-Pacific
and its influence on the parent market
·
In-depth
study of forthcoming trends in consumer behavioral patterns
·
A
meticulous analysis of the competitive landscape, vendor scorecard, and
Porter’s Five Forces Model
·
A
wide-ranging study of factors that will challenge the Asia-Pacific wooden
decking market’s growth during the upcoming years
Want
to get specific insights? Our team of analysts can customize this report based
on your preferences. Connect with us here.
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VIEW REPORT1. ASIA-PACIFIC
WOODEN DECKING MARKET – SUMMARY
2. INDUSTRY
OUTLOOK
2.1. IMPACT
OF COVID-19 ON THE WOODEN DECKING MARKET
2.2. KEY
INSIGHT
2.2.1. WIDESPREAD
USE OF ACETYLATED WOOD IN WOODEN DECKING
2.3. PORTER’S
FIVE FORCES ANALYSIS
2.3.1. THREAT
OF NEW ENTRANTS
2.3.2. THREAT
OF SUBSTITUTES
2.3.3. BARGAINING
POWER OF BUYERS
2.3.4. BARGAINING
POWER OF SUPPLIERS
2.3.5. THREAT
OF COMPETITIVE RIVALRY
2.4. MARKET
ATTRACTIVENESS INDEX
2.5. VENDOR
SCORECARD
2.6. VALUE
CHAIN ANALYSIS
2.7. KEY
MARKET STRATEGIES
2.7.1. ACQUISITIONS
2.7.2. CONTRACTS
& PARTNERSHIPS
2.7.3. EXPANSIONS
2.8. MARKET
DRIVERS
2.8.1. INTENSIFICATION
OF REMODELING ACTIVITIES
2.8.2. ELEVATED
DEMAND FOR HOUSING AND INFRASTRUCTURE IN ADVANCED ECONOMIES
2.8.3. INCREASE
IN AFFORDABLE HOUSING PROJECTS
2.9. MARKET
CHALLENGE
2.9.1. GROWING
USAGE OF ALTERNATIVE WOOD DECKING MATERIALS
2.10. MARKET
OPPORTUNITY
2.10.1. RISING
DEMAND FOR WOODEN DECKS DUE TO AN INCREASE IN GREEN BUILDING CONSTRUCTION
3. ASIA-PACIFIC
WOODEN DECKING MARKET OUTLOOK – BY PRODUCT TYPE
3.1. PRESSURE-TREATED
WOOD
3.2. REDWOOD
3.3. TROPICAL
HARDWOOD
3.4. CEDAR
3.5. WOOD-PLASTIC
COMPOSITES (WPC)
3.6. OTHER
PRODUCT TYPES
4. ASIA-PACIFIC
WOODEN DECKING MARKET OUTLOOK – BY APPLICATION
4.1. RAILING
4.2. FLOOR
4.3. WALL
4.4. OTHER
APPLICATIONS
5. ASIA-PACIFIC
WOODEN DECKING MARKET OUTLOOK – BY END-USER
5.1. RESIDENTIAL
5.2. NON-RESIDENTIAL
6. ASIA-PACIFIC
WOODEN DECKING MARKET – COUNTRY OUTLOOK
6.1. CHINA
6.2. JAPAN
6.3. INDIA
6.4. SOUTH
KOREA
6.5. ASEAN
COUNTRIES
6.6. AUSTRALIA
& NEW ZEALAND
6.7. REST
OF ASIA-PACIFIC
7. COMPETITIVE
LANDSCAPE
7.1. AZEK
COMPANY INC
7.2. SETRA
GROUP AB
7.3. UPM-KYMMENE
OYJ
7.4. METSÄ GROUP
7.5. VETEDY
GROUP
7.6. UFP
INDUSTRIES INC
7.7. INOVAR
FLOOR
7.8. DECK
SOLUTIONS LLC
7.9. HUMBOLDT
SAWMILL COMPANY LLC
7.10. WEYERHAEUSER
COMPANY
7.11. WEST
FRASER TIMBER CO LTD
7.12. DURALIFE
DECKING & RAILING SYSTEMS
7.13. THERMORY
AS
7.14. NEOTIMBER
7.15. FIBERON
7.16. MENDOCINO
FOREST PRODUCTS COMPANY LLC
7.17. TREX
COMPANY INC
7.18. KEBONY
7.19. TECNODECK
(MITTERA GROUP)
8. RESEARCH
METHODOLOGY & SCOPE
8.1. RESEARCH
SCOPE & DELIVERABLES
8.2. SOURCES
OF DATA
8.3. RESEARCH
METHODOLOGY
TABLE 1: ASIA-PACIFIC WOODEN
DECKING MARKET, BY COUNTRY OUTLOOK, 2022-2028 (IN $ MILLION)
TABLE 2: VENDOR SCORECARD
TABLE 3: ASIA-PACIFIC WOODEN
DECKING MARKET, BY PRODUCT TYPE, 2022-2028 (IN $ MILLION)
TABLE 4: ASIA-PACIFIC WOODEN
DECKING MARKET, BY APPLICATION, 2022-2028 (IN $ MILLION)
TABLE 5: ASIA-PACIFIC WOODEN
DECKING MARKET, BY END-USER, 2022-2028 (IN $ MILLION)
TABLE 6: ASIA-PACIFIC WOODEN
DECKING MARKET, BY COUNTRY OUTLOOK, 2022-2028 (IN $ MILLION)
FIGURE 1: MARKET
ATTRACTIVENESS INDEX
FIGURE 2: VALUE CHAIN ANALYSIS
FIGURE 3: ASIA-PACIFIC WOODEN
DECKING MARKET, BY PRODUCT TYPE, 2021 & 2028 (IN %)
FIGURE 4: ASIA-PACIFIC WOODEN
DECKING MARKET, BY PRESSURE-TREATED WOOD, 2022-2028 (IN $ MILLION)
FIGURE 5: ASIA-PACIFIC WOODEN
DECKING MARKET, BY REDWOOD, 2022-2028 (IN $ MILLION)
FIGURE 6: ASIA-PACIFIC WOODEN
DECKING MARKET, BY TROPICAL HARDWOOD, 2022-2028 (IN $ MILLION)
FIGURE 7: ASIA-PACIFIC WOODEN
DECKING MARKET, BY CEDAR, 2022-2028 (IN $ MILLION)
FIGURE 8: ASIA-PACIFIC WOODEN
DECKING MARKET, BY WOOD-PLASTIC COMPOSITES (WPC), 2022-2028 (IN $ MILLION)
FIGURE 9: ASIA-PACIFIC WOODEN
DECKING MARKET, BY OTHER PRODUCT TYPES, 2022-2028 (IN $ MILLION)
FIGURE 10: ASIA-PACIFIC WOODEN
DECKING MARKET, BY APPLICATION, 2021 & 2028 (IN %)
FIGURE 11: ASIA-PACIFIC WOODEN
DECKING MARKET, BY RAILING, 2022-2028 (IN $ MILLION)
FIGURE 12: ASIA-PACIFIC WOODEN
DECKING MARKET, BY FLOOR, 2022-2028 (IN $ MILLION)
FIGURE 13: ASIA-PACIFIC WOODEN
DECKING MARKET, BY WALL, 2022-2028 (IN $ MILLION)
FIGURE 14: ASIA-PACIFIC WOODEN
DECKING MARKET, BY OTHER APPLICATIONS, 2022-2028 (IN $ MILLION)
FIGURE 15: ASIA-PACIFIC WOODEN
DECKING MARKET, BY END-USER, 2021 & 2028 (IN %)
FIGURE 16: ASIA-PACIFIC WOODEN
DECKING MARKET, BY RESIDENTIAL, 2022-2028 (IN $ MILLION)
FIGURE 17: ASIA-PACIFIC WOODEN
DECKING MARKET, BY NON-RESIDENTIAL, 2022-2028 (IN $ MILLION)
FIGURE 18: ASIA-PACIFIC WOODEN
DECKING MARKET, COUNTRY OUTLOOK, 2021 & 2028 (IN %)
FIGURE 19: CHINA WOODEN
DECKING MARKET 2022-2028 (IN $ MILLION)
FIGURE 20: JAPAN WOODEN
DECKING MARKET 2022-2028 (IN $ MILLION)
FIGURE 21: INDIA WOODEN
DECKING MARKET 2022-2028 (IN $ MILLION)
FIGURE 22: SOUTH KOREA WOODEN
DECKING MARKET 2022-2028 (IN $ MILLION)
FIGURE 23: ASEAN COUNTRIES
WOODEN DECKING MARKET 2022-2028 (IN $ MILLION)
FIGURE 24: AUSTRALIA & NEW
ZEALAND WOODEN DECKING MARKET 2022-2028 (IN $ MILLION)
FIGURE 25: REST OF
ASIA-PACIFIC WOODEN DECKING MARKET 2022-2028 (IN $ MILLION)