Title: Wooden Decking Market Study by Regional Outlook and Competitive Landscape to 2026
1Wooden Decking Market Report by Regional Outlook
Growth Forecast to 2026
- Burgeoning construction activities across the
globe, alongside rising disposable incomes among
populations are expected to fuel wooden decking
market growth. Standards of living have improved
significantly over the years, as a result of
rapid industrialization, which has boosted the
need for wooden decks and other such
constructions in residences, hotels, schools and
more. - Decks are flat surfaces, similar to floors, which
are designed to withstand and support weight.
Outdoor decks are usually elevated from ground
level, usually to add an aesthetic appeal to the
construction they are connected to. The
application scope of the wooden decking industry
is vast, including garden landscaping, extended
living areas, patios, and more.
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2- The rising demand for luxury and premium homes,
particularly in developing nations, alongside
rising remodeling and refurbishment activities is
anticipated to boost wooden decking market
dynamics. The demand for luxury homes is rising
steadily across the globe, mainly due to growing
per capita incomes and the subsequent evolution
in consumer lifestyles and preferences. In India,
for instance, the proliferating availability of
premium real estate and opulence in tier II and
III cities has triggered a significant rise in
luxury expenditure in the region.
- Luxury expenditure has risen by over 30 times in
tier II cities as compared to tier I cities, as
high disposable incomes allow consumers to invest
in various amenities and conveniences to sustain
a lavish lifestyle. This rising inclination
towards investment in luxury products, in
addition to the rising demand for premium real
estate will contribute heavily to wooden decking
market penetration over the forecast spell.
- Cedar is used extensively as the preferred
material by the wooden decking industry for many
years. This is mainly due to the woods natural
resistance to insects and rot. Given its soft
nature, however, the material is used more often
for vertical elements such as privacy fencing,
planters, pergolas, railing balustrades, etc.
rather than for flooring.
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4- The outbreak is also asserting a dramatic impact
on home builder supply chains in the US, and
other regions, which has led to a constraint of
construction activity and diminished performance
in residential construction. These factors are in
turn likely to pull down demand for wood
products, which will subsequently affect the
wooden decking market outlook in the present
time. However, the situation may start to improve
in the post-pandemic era, once the construction
sector and lumber demand begin their return to
normalcy.
- Key players bolstering the global wooden decking
industry share include Humboldt Redwood Company
(Mendocino Redwood Company), Sundek Interio,
Alfresco Floors, AZEK Building Products (CPG
INTERNATIONAL INC., CPG INTERNATIONAL I INC),
Thermory AS, United Construction Products (GMS),
Kebony, Metsa Wood, Trex Company, DuraLife
(Barrette Outdoor Living, Inc.), Universal Forest
Products, Koppers, Deck Solutions, etc.
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