Market by Product Type, Application, End-user, and Regional Outlook | Forecast 2022-2028
A procedure that includes adding a layer of high-quality materials to
the exteriors of any building or structure to provide thermal insulation and
protection from harsh weather conditions is called wood decking. Wooden decks
are manufactured from redwood, pressure-treated wood, tropical hardwood, cedar,
wood-plastic composites (WPC), and other materials. Decking of wood is done for
new constructions as well as for renovations and upkeep.
According to Triton Market Research’s report, the Global Wooden Decking Market is likely to grow with a CAGR of 4.82% in the forecast period 2022-2028. The market was valued at $20161.16 million in 2021 and is expected to reach a revenue of $27936.26 million by 2028.
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MARKET PERFORMANCE – DRIVERS,
CHALLENGES, AND TRENDS
The market is driven by several factors such as
the intensification of remodeling activities, elevated demand for housing &
infrastructure in advanced economies, and a rise in affordable housing
projects. The construction
sector is expanding at a solid pace across the world. Due to the multiple
opportunities available in North America, the Asia-Pacific, and the Middle East
and Africa, the rising need for structures, and a growing population, these
regions are witnessing massive investments in the construction and renovation
industries.
Wooden decking is extensively employed in the residential sector for new
construction, maintenance, and renovation of structures. In addition, high-rise
residential and commercial buildings with rooftop decks frequently use urban
landscaping techniques to create “green spaces” or “sky parks.” With the growing
popularity of outdoor living spaces, numerous landscape architecture businesses
have specialized in the design, building, and upkeep of these areas.
The growing usage of alternative materials for
wood decking is a challenge for the market growth. Wood has traditionally been the most popular
decking material; however, composite decking is starting to gain prominence for
decking and outdoor area renovation. It
provides all of the advantages of wood without the hassles of high maintenance
and regular maintenance.
High-quality composite decking can endure adverse weather and extreme
temperatures. Aluminum is another ideal material for decking as it is lighter
and stronger than wood and resistant to mold, weather, and insects. It is even
recyclable and thus, provides sustainability. As a result, alternative decking
materials have a comparative advantage over wood decking.
Furthermore, significant advancements in the
field of wood modification have been made in recent years, which indicates an
overall positive market outlook. These changes were prompted by rising environmental concerns and
growing demand for consistent and high-quality wood products. The acetylation
technique is used in the wood industry to make wood more durable and
dimensionally stable.
Several companies are increasing their acetylated wood production and launching products on the market. Acetylated wood is guaranteed by its manufacturers to last 25 to 50 years. It can be recycled or used as a clean fuel source when its lifecycle is up, offering sustainability. Because of the growing benefits and long life of acetylation of woods, it is becoming more often used in wooden decking.
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KEY GEOGRAPHIES COVERED:
• North America:
United States and Canada
• Europe: United
Kingdom, France, Germany, Spain, Italy, and Rest of Europe
• Asia-Pacific:
China, Japan, India, South Korea, ASEAN Countries, Australia & New Zealand,
and Rest of Asia-Pacific
• Latin America:
Brazil, Mexico, and Rest of Latin America
• Middle East and Africa: United Arab Emirates, Saudi Arabia, Turkey, South Africa, and Rest of
Middle East & Africa
SEGMENTATION ANALYSIS –
WOODEN DECKING MARKET:
• Market by Product Type:
o Pressure-treated
Wood
o Redwood
o Tropical
Hardwood
o Cedar
o Wood-plastic
Composites (WPC)
o Other
Product Types
Wood-plastic composites (WPC) is estimated to
progress with the highest CAGR in the product type segment during the forecast
period. Wood-plastic
composites (WPC) are composed of wood fiber and thermoplastic polymers, such as
polyethylene, PVC, or polylactic acid. In comparison to other wood varieties,
they are regarded as a newer addition to the industry. They are rust-, rot-,
and decay-resistant, and do not absorb water. WPCs are regarded as sustainable,
since they can be made from recycled plastics and wood industry waste. They are
becoming popular among customers because of their reduced life cycle cost. WPCs
also take longer to deteriorate than other types of wood. UPM-Kymmene Oyj is
one of the companies that offer wood-plastic composite decking products.
o Railing
o Floor
o Wall
o Other
Applications
• Market by End-user:
o Residential
o Non-Residential
Residential leads the end-user in terms of
revenue, accounting for the largest share in 2021. In the residential sector, wooden decking is
utilized for new construction as well as for repairs and renovations. It is
used in residential construction for a variety of purposes, including cladding
& siding, flooring, swimming pool decks, pathways, etc. The wooden decking
market is likely to be driven by the rising demand for residential projects
globally. There has been a significant shortage of housing across the world.
This has created a huge opportunity for investors and developers to adopt
alternative construction methods and new collaborations to expedite
development.
COMPETITIVE LANDSCAPE:
The competitive landscape helps dive into data about the key players in
the wooden decking market. The strategic initiatives for each of the companies
considered have been covered in detail.
Acquisition (January 2022):
Azek Company Inc and StruXure Outdoor Inc
Azek Company Inc acquired StruXure Outdoor Inc, a designer and producer
of premium and cutting-edge aluminum pergolas and cabanas.
Partnership (October 2022):
Fiberon and Huttig Building Products
Fiberon entered into a distribution partnership
with Huttig Building Products, a distributor of millwork, building materials,
and wood products, for Fiberon’s outdoor living products.
Key Benefits of the Report:
●
Triton Market Research has a collective experience of 25-30 years
in the industry, with its analysts and experts encompassing the most infallible
research methodology for its market intelligence and industry analysis.
●
Our research methodology helps in achieving a broader consensus of
the market size, shape, and industry trends within each industry segment.
●
The strategy adopted in designing the research methodology
includes the amalgamation of the information assembled from primary and
secondary sources, with the assistance of analytical tools to construct the
forecast and predictive models.
●
The scope of the market report comprises the current scenario of
the global wooden decking market, along with the detailed overview of the
industry outlook, market dynamics, segmentation analysis, regional outlook, and
competitive landscape for the period 2022-2028.
FAQs:
Q
1) Which is the fastest-growing application in the wooden decking market?
Floor is the fastest-growing application in the wooden decking market.
Q 2) Which product type
captured the largest share in the wooden decking market?
Pressure-treated wood captured the largest market share in the wooden
decking market.
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VIEW REPORT1. GLOBAL
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. GLOBAL
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. GLOBAL
WOODEN DECKING MARKET OUTLOOK – BY APPLICATION
4.1. RAILING
4.2. FLOOR
4.3. WALL
4.4. OTHER
APPLICATIONS
5. GLOBAL
WOODEN DECKING MARKET OUTLOOK – BY END-USER
5.1. RESIDENTIAL
5.2. NON-RESIDENTIAL
6. GLOBAL
WOODEN DECKING MARKET OUTLOOK – REGIONAL OUTLOOK
6.1. NORTH
AMERICA
6.1.1. MARKET
BY PRODUCT TYPE
6.1.2. MARKET
BY APPLICATION
6.1.3. MARKET
BY END-USER
6.1.4. COUNTRY
ANALYSIS
6.1.4.1. UNITED
STATES
6.1.4.2. CANADA
6.2. EUROPE
6.2.1. MARKET
BY PRODUCT TYPE
6.2.2. MARKET
BY APPLICATION
6.2.3. MARKET
BY END-USER
6.2.4. COUNTRY
ANALYSIS
6.2.4.1. UNITED
KINGDOM
6.2.4.2. GERMANY
6.2.4.3. FRANCE
6.2.4.4. SPAIN
6.2.4.5. ITALY
6.2.4.6. REST
OF EUROPE
6.3. ASIA-PACIFIC
6.3.1. MARKET
BY PRODUCT TYPE
6.3.2. MARKET
BY APPLICATION
6.3.3. MARKET
BY END-USER
6.3.4. COUNTRY
ANALYSIS
6.3.4.1. CHINA
6.3.4.2. JAPAN
6.3.4.3. INDIA
6.3.4.4. SOUTH
KOREA
6.3.4.5. ASEAN
COUNTRIES
6.3.4.6. AUSTRALIA
& NEW ZEALAND
6.3.4.7. REST
OF ASIA-PACIFIC
6.4. LATIN
AMERICA
6.4.1. MARKET
BY PRODUCT TYPE
6.4.2. MARKET
BY APPLICATION
6.4.3. MARKET
BY END-USER
6.4.4. COUNTRY
ANALYSIS
6.4.4.1. BRAZIL
6.4.4.2. MEXICO
6.4.4.3. REST
OF LATIN AMERICA
6.5. MIDDLE
EAST AND AFRICA
6.5.1. MARKET
BY PRODUCT TYPE
6.5.2. MARKET
BY APPLICATION
6.5.3. MARKET
BY END-USER
6.5.4. COUNTRY
ANALYSIS
6.5.4.1. UNITED
ARAB EMIRATES
6.5.4.2. SAUDI
ARABIA
6.5.4.3. TURKEY
6.5.4.4. SOUTH
AFRICA
6.5.4.5. REST
OF MIDDLE EAST & AFRICA
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: GLOBAL WOODEN DECKING
MARKET, BY REGIONAL OUTLOOK, 2022-2028 (IN $ MILLION)
TABLE 2: VENDOR SCORECARD
TABLE 3: GLOBAL WOODEN DECKING
MARKET, BY PRODUCT TYPE, 2022-2028 (IN $ MILLION)
TABLE 4: GLOBAL WOODEN DECKING
MARKET, BY APPLICATION, 2022-2028 (IN $ MILLION)
TABLE 5: GLOBAL WOODEN DECKING
MARKET, BY END-USER, 2022-2028 (IN $ MILLION)
TABLE 6: GLOBAL WOODEN DECKING
MARKET, BY REGIONAL OUTLOOK, 2022-2028 (IN $ MILLION)
TABLE 7: NORTH AMERICA WOODEN
DECKING MARKET, BY COUNTRY OUTLOOK, 2022-2028 (IN $ MILLION)
TABLE 8: NORTH AMERICA WOODEN
DECKING MARKET, BY PRODUCT TYPE, 2022-2028 (IN $ MILLION)
TABLE 9: NORTH AMERICA WOODEN
DECKING MARKET, BY APPLICATION, 2022-2028 (IN $ MILLION)
TABLE 10: NORTH AMERICA WOODEN
DECKING MARKET, BY END-USER, 2022-2028 (IN $ MILLION)
TABLE 11: EUROPE WOODEN
DECKING MARKET, BY COUNTRY OUTLOOK, 2022-2028 (IN $ MILLION)
TABLE 12: EUROPE WOODEN
DECKING MARKET, BY PRODUCT TYPE, 2022-2028 (IN $ MILLION)
TABLE 13: EUROPE WOODEN
DECKING MARKET, BY APPLICATION, 2022-2028 (IN $ MILLION)
TABLE 14: EUROPE WOODEN
DECKING MARKET, BY END-USER, 2022-2028 (IN $ MILLION)
TABLE 15: ASIA-PACIFIC WOODEN
DECKING MARKET, BY COUNTRY OUTLOOK, 2022-2028 (IN $ MILLION)
TABLE 16: ASIA-PACIFIC WOODEN
DECKING MARKET, BY PRODUCT TYPE, 2022-2028 (IN $ MILLION)
TABLE 17: ASIA-PACIFIC WOODEN
DECKING MARKET, BY APPLICATION, 2022-2028 (IN $ MILLION)
TABLE 18: ASIA-PACIFIC WOODEN
DECKING MARKET, BY END-USER, 2022-2028 (IN $ MILLION)
TABLE 19: LATIN AMERICA WOODEN
DECKING MARKET, BY COUNTRY OUTLOOK, 2022-2028 (IN $ MILLION)
TABLE 20: LATIN AMERICA WOODEN
DECKING MARKET, BY PRODUCT TYPE, 2022-2028 (IN $ MILLION)
TABLE 21: LATIN AMERICA WOODEN
DECKING MARKET, BY APPLICATION, 2022-2028 (IN $ MILLION)
TABLE 22: LATIN AMERICA WOODEN
DECKING MARKET, BY END-USER, 2022-2028 (IN $ MILLION)
TABLE 23: MIDDLE EAST AND
AFRICA WOODEN DECKING MARKET, BY COUNTRY OUTLOOK, 2022-2028 (IN $ MILLION)
TABLE 24: MIDDLE EAST AND
AFRICA WOODEN DECKING MARKET, BY PRODUCT TYPE, 2022-2028 (IN $ MILLION)
TABLE 25: MIDDLE EAST AND
AFRICA WOODEN DECKING MARKET, BY APPLICATION, 2022-2028 (IN $ MILLION)
TABLE 26: MIDDLE EAST AND
AFRICA WOODEN DECKING MARKET, BY END-USER, 2022-2028 (IN $ MILLION)
FIGURE 1: MARKET ATTRACTIVENESS
INDEX
FIGURE 2: VALUE CHAIN ANALYSIS
FIGURE 3: GLOBAL WOODEN
DECKING MARKET, BY PRODUCT TYPE, 2021 & 2028 (IN %)
FIGURE 4: GLOBAL WOODEN
DECKING MARKET, BY PRESSURE-TREATED WOOD, 2022-2028 (IN $ MILLION)
FIGURE 5: GLOBAL WOODEN
DECKING MARKET, BY REDWOOD, 2022-2028 (IN $ MILLION)
FIGURE 6: GLOBAL WOODEN
DECKING MARKET, BY TROPICAL HARDWOOD, 2022-2028 (IN $ MILLION)
FIGURE 7: GLOBAL WOODEN
DECKING MARKET, BY CEDAR, 2022-2028 (IN $ MILLION)
FIGURE 8: GLOBAL WOODEN
DECKING MARKET, BY WOOD-PLASTIC COMPOSITES (WPC), 2022-2028 (IN $ MILLION)
FIGURE 9: GLOBAL WOODEN
DECKING MARKET, BY OTHER PRODUCT TYPES, 2022-2028 (IN $ MILLION)
FIGURE 10: GLOBAL WOODEN
DECKING MARKET, BY APPLICATION, 2021 & 2028 (IN %)
FIGURE 11: GLOBAL WOODEN
DECKING MARKET, BY RAILING, 2022-2028 (IN $ MILLION)
FIGURE 12: GLOBAL WOODEN
DECKING MARKET, BY FLOOR, 2022-2028 (IN $ MILLION)
FIGURE 13: GLOBAL WOODEN
DECKING MARKET, BY WALL, 2022-2028 (IN $ MILLION)
FIGURE 14: GLOBAL WOODEN
DECKING MARKET, BY OTHER APPLICATIONS, 2022-2028 (IN $ MILLION)
FIGURE 15: GLOBAL WOODEN
DECKING MARKET, BY END-USER, 2021 & 2028 (IN %)
FIGURE 16: GLOBAL WOODEN
DECKING MARKET, BY RESIDENTIAL, 2022-2028 (IN $ MILLION)
FIGURE 17: GLOBAL WOODEN
DECKING MARKET, BY NON-RESIDENTIAL, 2022-2028 (IN $ MILLION)
FIGURE 18: GLOBAL WOODEN
DECKING MARKET, REGIONAL 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)
FIGURE 21: UNITED KINGDOM
WOODEN DECKING MARKET 2022-2028 (IN $ MILLION)
FIGURE 22: GERMANY WOODEN
DECKING MARKET 2022-2028 (IN $ MILLION)
FIGURE 23: FRANCE WOODEN
DECKING MARKET 2022-2028 (IN $ MILLION)
FIGURE 24: SPAIN WOODEN
DECKING MARKET 2022-2028 (IN $ MILLION)
FIGURE 25: ITALY WOODEN DECKING
MARKET 2022-2028 (IN $ MILLION)
FIGURE 26: REST OF EUROPE
WOODEN DECKING MARKET 2022-2028 (IN $ MILLION)
FIGURE 27: CHINA WOODEN
DECKING MARKET 2022-2028 (IN $ MILLION)
FIGURE 28: JAPAN WOODEN
DECKING MARKET 2022-2028 (IN $ MILLION)
FIGURE 29: INDIA WOODEN
DECKING MARKET 2022-2028 (IN $ MILLION)
FIGURE 30: SOUTH KOREA WOODEN
DECKING MARKET 2022-2028 (IN $ MILLION)
FIGURE 31: ASEAN COUNTRIES
WOODEN DECKING MARKET 2022-2028 (IN $ MILLION)
FIGURE 32: AUSTRALIA & NEW
ZEALAND WOODEN DECKING MARKET 2022-2028 (IN $ MILLION)
FIGURE 33: REST OF
ASIA-PACIFIC WOODEN DECKING MARKET 2022-2028 (IN $ MILLION)
FIGURE 34: BRAZIL WOODEN
DECKING MARKET 2022-2028 (IN $ MILLION)
FIGURE 35: MEXICO WOODEN
DECKING MARKET 2022-2028 (IN $ MILLION)
FIGURE 36: REST OF LATIN AMERICA
WOODEN DECKING MARKET 2022-2028 (IN $ MILLION)
FIGURE 37: UNITED ARAB
EMIRATES WOODEN DECKING MARKET 2022-2028 (IN $ MILLION)
FIGURE 38: SAUDI ARABIA WOODEN
DECKING MARKET 2022-2028 (IN $ MILLION)
FIGURE 39: TURKEY WOODEN
DECKING MARKET 2022-2028 (IN $ MILLION)
FIGURE 40: SOUTH AFRICA WOODEN
DECKING MARKET 2022-2028 (IN $ MILLION)
FIGURE 41: REST OF MIDDLE EAST
& AFRICA WOODEN DECKING MARKET 2022-2028 (IN $ MILLION)