Market by Product Type, Application, End-user, and Country Outlook | Forecast 2022-2028
Triton Market Research’s report puts forth that the wooden decking market in North America would advance with a CAGR of 4.79% in the forecasted period from 2022 to 2028.
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The countries studied in this region include:
• The United States
• Canada
The
United States is expected to be the fastest-growing country in the North
America market over the projected period. Construction
activities in the US, including residential, commercial, and industrial projects,
are on the rise. This is expected to influence the demand for wooden decking. Whereas,
residential construction is increasing in Canada. The rise in infrastructure
projects is thus propelling the demand for wooden decks in the country. However,
wildfires are largely affecting the timber industry in North America, which is
expected to hinder the market growth.
The rising number of infrastructure
projects in Canada is propelling its construction industry forward, which is
likely to boost the demand for wooden decking. Also, due to increased
immigration, the demand for infrastructure and housing is on the rise. The rapid
expansion of the construction sector is expected to drive the Canadian wooden
decking market’s growth over the forecast period.
In the United States,
private construction investments have increased significantly, with some of the
highest levels ever recorded for private residential and non-residential
structures’ construction. Furthermore, in March 2021, President Biden unveiled an
infrastructure and economic stimulus package worth $1.9 trillion. This package
is anticipated to drive construction output in the country, over the coming
years by increasing investments in infrastructure development. This, in turn,
will augment the demand for wooden decking.
Cedar has been traditionally
used in decking. It is a sturdy wood that is resistant to rot, decay, and
insect infestations, as well as moisture absorption. It is highly durable,
requires less care, and does not split or warp as easily as other woods. Cedar is
available in a variety of grades, dimensions, and textures. Besides, it is also
renewable and biodegradable.
Triton’s
report assesses the market based on product type, application, and end-user.
Here, the product type segment comprises cedar, pressure-treated wood,
wood-plastic composites (WPC), redwood, tropical hardwood, and other product
types.
The
eminent companies in the wooden decking market include Deck Solutions LLC, Trex
Company Inc, Humboldt Sawmill Company LLC, Thermory AS, Vetedy Group, Fiberon,
Mendocino Forest Products Company LLC, Kebony, NeoTimber, and Metsä Group.
West Fraser Timber Co
Ltd is a diversified wood products company. It offers wooden decking products
under the Barefoot Outdoor Decking and Barefoot Brown Decking ranges. The
company conducts its business under the Lumber, Pulp & Paper, Panels,
Corporate, and Other segments. The Canada-based company is headquartered in
Quesnel, British Columbia. West Fraser carries its operations through
subsidiaries and joint operations in British Columbia and Alberta (Canada) and
the southern United States.
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 North
America 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 Analysis Model
·
A
wide-ranging study of factors that will challenge the North America 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. NORTH
AMERICA 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. NORTH
AMERICA 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. NORTH
AMERICA WOODEN DECKING MARKET OUTLOOK – BY APPLICATION
4.1. RAILING
4.2. FLOOR
4.3. WALL
4.4. OTHER
APPLICATIONS
5. NORTH
AMERICA WOODEN DECKING MARKET OUTLOOK – BY END-USER
5.1. RESIDENTIAL
5.2. NON-RESIDENTIAL
6. NORTH
AMERICA WOODEN DECKING MARKET – COUNTRY OUTLOOK
6.1. UNITED
STATES
6.2. CANADA
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: NORTH AMERICA WOODEN
DECKING MARKET, BY COUNTRY OUTLOOK, 2022-2028 (IN $ MILLION)
TABLE 2: VENDOR SCORECARD
TABLE 3: NORTH AMERICA WOODEN
DECKING MARKET, BY PRODUCT TYPE, 2022-2028 (IN $ MILLION)
TABLE 4: NORTH AMERICA WOODEN
DECKING MARKET, BY APPLICATION, 2022-2028 (IN $ MILLION)
TABLE 5: NORTH AMERICA WOODEN
DECKING MARKET, BY END-USER, 2022-2028 (IN $ MILLION)
TABLE 6: NORTH AMERICA WOODEN
DECKING MARKET, BY COUNTRY OUTLOOK, 2022-2028 (IN $ MILLION)
FIGURE 1: MARKET
ATTRACTIVENESS INDEX
FIGURE 2: VALUE CHAIN ANALYSIS
FIGURE 3: NORTH AMERICA WOODEN
DECKING MARKET, BY PRODUCT TYPE, 2021 & 2028 (IN %)
FIGURE 4: NORTH AMERICA WOODEN
DECKING MARKET, BY PRESSURE-TREATED WOOD, 2022-2028 (IN $ MILLION)
FIGURE 5: NORTH AMERICA WOODEN
DECKING MARKET, BY REDWOOD, 2022-2028 (IN $ MILLION)
FIGURE 6: NORTH AMERICA WOODEN
DECKING MARKET, BY TROPICAL HARDWOOD, 2022-2028 (IN $ MILLION)
FIGURE 7: NORTH AMERICA WOODEN
DECKING MARKET, BY CEDAR, 2022-2028 (IN $ MILLION)
FIGURE 8: NORTH AMERICA WOODEN
DECKING MARKET, BY WOOD-PLASTIC COMPOSITES (WPC), 2022-2028 (IN $ MILLION)
FIGURE 9: NORTH AMERICA WOODEN
DECKING MARKET, BY OTHER PRODUCT TYPES, 2022-2028 (IN $ MILLION)
FIGURE 10: NORTH AMERICA
WOODEN DECKING MARKET, BY APPLICATION, 2021 & 2028 (IN %)
FIGURE 11: NORTH AMERICA
WOODEN DECKING MARKET, BY RAILING, 2022-2028 (IN $ MILLION)
FIGURE 12: NORTH AMERICA
WOODEN DECKING MARKET, BY FLOOR, 2022-2028 (IN $ MILLION)
FIGURE 13: NORTH AMERICA
WOODEN DECKING MARKET, BY WALL, 2022-2028 (IN $ MILLION)
FIGURE 14: NORTH AMERICA
WOODEN DECKING MARKET, BY OTHER APPLICATIONS, 2022-2028 (IN $ MILLION)
FIGURE 15: NORTH AMERICA
WOODEN DECKING MARKET, BY END-USER, 2021 & 2028 (IN %)
FIGURE 16: NORTH AMERICA
WOODEN DECKING MARKET, BY RESIDENTIAL, 2022-2028 (IN $ MILLION)
FIGURE 17: NORTH AMERICA
WOODEN DECKING MARKET, BY NON-RESIDENTIAL, 2022-2028 (IN $ MILLION)
FIGURE 18: NORTH AMERICA
WOODEN DECKING MARKET, COUNTRY OUTLOOK, 2021 & 2028 (IN %)
FIGURE 19: UNITED STATES
WOODEN DECKING MARKET 2022-2028 (IN $ MILLION)
FIGURE 20: CANADA WOODEN
DECKING MARKET 2022-2028 (IN $ MILLION)