Wooden Decking Market:
WiseGuyReports.com adds “Global Wooden Decking Market Research Report 2020 Analysis and Forecast 2027” reports to its database.
Global Wooden Decking Market is valued approximately USD 7.63 Billion in 2019 and is anticipated to grow with a healthy growth rate of more than 1.43% over the forecast period 2020-2027. Wooden decks are flat surfaces that can provide support and withstand weight. These are used widely in luxury homes for generally outdoor applications such as construction of floors, rails across gardens. The global pandemic of COVID-19 adversely affected the supply of raw material in construction sector and hampered the growth of construction sector which inversely affected the demand of wooden decks form residential and commercial sector. The market is expected to drive in the forthcoming period due to the rapid growth in construction and manufacturing industries. The growth in per capita income of population in developing economies along with significant growth in urbanization give rise to the luxuries lifestyle and leaving infrastructure which propels the demand for Wooden decking across the globe. For instance: as per the National Investment Promotion & Facilitation Agency, the construction industry in India is expected to increase with 5.6% during 2016-20 as compared to 2.9% during 2011-2015. Similarly, construction sector in Germany increased to over USD 571.51 billion in 2016 with 36.4% from over USD 427.84 billion in 2010. In addition, rapid growth in green building and smart cities initiatives is creating a lucrative opportunity for the market growth. However, increase in demand for low-maintenance building projects is the factor hampering the growth of market.
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The regional analysis of global Wooden Decking Market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America is the leading/significant region across the world in terms of market share owing to the rise in new construction projects in the region. Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2020-2027. Factors such rapid growth in smart cities initiative and increase in construction activity in emerging economies would create lucrative growth prospects for the Wooden Decking Market across Asia-Pacific region.
Major market player included in this report are:
West Fraser Timber Co. Ltd.
Universal Forest Products, Inc.
James Latham PLC
Cox Industries, Inc.
Humboldt Redwood Company and Mendocino Redwood Company
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and Type offerings of key players. The detailed segments and sub-segment of the market are explained below:
Pressure Treated Wood
By Type of Construction:
Repair & Remodeling
New Decks on Existing Constructions
New Decks on New Houses
Rails & Infrastructure
By End-use sector:
Furthermore, years considered for the study are as follows:
Historical year – 2017, 2018
Base year – 2019
Forecast period – 2020 to 2027
Target Audience of the Global Wooden Decking Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Value-Added Resellers (VARs)
Third-party knowledge providers
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