The global Wooden Decking market size is projected to reach approximately USD 24.21 Billion by 2033, at a CAGR of 2.93% from 2023 to 2033. Wooden decking refers to a construction material used to build outdoor living spaces such as patios, balconies, and decks. It is made of various types of wood species, including cedar, redwood, pressure-treated pine, and tropical hardwoods such as ipe and mahogany. Wooden decking boards are available in a range of sizes, textures, and finishes, and can be customized to fit the specific design and aesthetic preferences of the homeowner or builder. Wooden decking is valued for its durability, natural appearance, and ability to withstand outdoor weather conditions.
COVID-19 Impact Analysis
During the early stages of the pandemic, the wooden decking market experienced disruptions in the supply chain due to lockdowns and restrictions on international trade. Many sawmills and wood processing facilities had to shut down temporarily, causing delays in the production and delivery of wooden decking products. However, as the pandemic continued, there was a surge in demand for wooden decking as more people stayed home and invested in their outdoor living spaces. With international travel restrictions and limits on social gatherings, homeowners turned to outdoor living spaces such as decks and patios as a way to expand their living areas and enjoy the fresh air.
Market Dynamics
The major factors that have impacted the growth of Wooden Decking are as follows:
Drivers:
The growth of the construction industry
The construction industry’s growth, particularly in the residential sector, directly impacts the demand for wooden decking products. As the construction industry grows, there is an increasing demand for new residential and commercial buildings, which often include outdoor living spaces such as decks, patios, and balconies. Wooden decking is a popular choice for these outdoor living spaces due to its durability, natural beauty, and versatility in design. Moreover, as the global population continues to grow, the demand for new homes and residential properties is also increasing. This trend is particularly prominent in emerging economies, where rising incomes and urbanization are leading to a growing middle class and an increasing demand for new housing. As a result, the demand for Wooden Decking is expected to continue growing in the future.
Restraint:
- The increasing cost of lumber and wood products
the cost of lumber and wood products has increased significantly due to a variety of factors, including supply chain disruptions, increased demand, and trade disputes. The COVID-19 pandemic has also had a significant impact on the lumber industry, leading to a shortage of lumber and driving up prices. As a result of the increasing cost of lumber, wooden decking products have become more expensive, making them less attractive to budget-conscious consumers. This has led some consumers to choose alternative decking materials, such as composite decking, which may be more expensive upfront but require less maintenance and are more durable in the long run.
Opportunity:
Technological advancements in wooden decking
There have been significant advancements in wooden decking technology, particularly in terms of treatment methods to enhance durability and resistance to decay and insects. The use of pressure-treated lumber has become increasingly common in wooden decking, which involves treating the wood with chemicals to make it more durable and resistant to rot, decay, and insects. Moreover, there have been innovations in the design and installation of wooden decking products. New installation techniques and products, such as hidden fastening systems, make it easier and more efficient to install wooden decking. New design options, such as different types of wood, colors, and patterns, allow homeowners and contractors to create unique and customized outdoor living spaces.
Segment Overview
By Type
Based on the Type, the Wooden Decking market is segmented based on Pressure Treated Wood, Redwood, Cedar, and Others. During the projection period, the Redwood segment is expected to hold the largest market share. Redwood is a popular type of wood used for decking due to its natural resistance to rot and decay, as its attractive reddish-brown color. It is also relatively easy to work with and has good dimensional stability, making it a popular choice for decking projects.
By Construction
Based on Construction, the global Wooden Decking market has been divided into New Construction, Renovation, and repair. The New Construction segment is expected to hold the largest market share. This segment is expected to hold a significant share of the market due to the growing demand for new construction projects in many regions around the world.
By End-User
Based on End-User, the global Wooden Decking market has been divided into Residential
Non-residential. The Non-residential segment is expected to hold the largest market share. The Non-residential segment of the Wooden Decking Market typically includes commercial and public infrastructure projects such as hotels, resorts, theme parks, and public parks. This segment is expected to hold a significant share of the market due to the growing demand for outdoor spaces in commercial and public settings.
Global Wooden Decking Market Share, by Segmentation
Regional Analysis
Based on region, the global Wooden Decking market has been divided into North America, Europe, Asia-Pacific, and the Rest of the World. North America is projected to dominate the use of the Wooden Decking market followed by the Asia-Pacific and Europe regions.
North America Market
North America is a significant market for wooden decking and has historically been one of the largest markets for this product. The demand for wooden decking in North America can be attributed to several factors, including the popularity of outdoor living spaces and the widespread use of wood as a construction material in the region. In addition, the climate in many parts of North America is well-suited for outdoor activities, which has further increased demand for decking materials. However, it is important to note that the wooden decking market is global, and the relative dominance of any particular region can vary depending on a variety of factors such as economic growth, construction activity, and consumer preferences.
Asia-Pacific Market
Asia Pacific is expected to be a significant growth market for wooden decking in the coming years. The demand for wooden decking in the Asia Pacific can be attributed to several factors, including growing urbanization, rising disposable income, and increasing popularity of outdoor living spaces in the region. In addition, the construction industry in Asia Pacific is rapidly expanding, driven by factors such as population growth and infrastructure development, which are expected to drive demand for decking materials.
Competitive Landscape
The market comprises tier-1, tier-2, and local players. With their wide product portfolios, tier-1 and tier-2 players have a global reach. Since of their strategic innovations and broad regional presence, companies such as Sundek Interio, United Construction Products, AZEK Building Products, and Metsa Wood lead the global Wooden Decking business. To increase their market position and attract a wide consumer base, the businesses are employing various strategies, such as growth, product releases, and alliances.
Prominent Players:
- Sundek Interio
- United Construction Products
- AZEK Building Products
- Metsa Wood
- Humboldt Redwood Company
- DuraLife
- Universal Forest Products
- Deck Solutions
- Trex Company
- Thermory
Scope of the Report
Global Wooden Decking Market, by Type
- Pressure Treated Wood
- Redwood
- Cedar
- Others
Global Wooden Decking Market, by Construction
- New Construction
- Renovation and repair
Global Wooden Decking Market, by End-User
- Residential
- Non-residential
Global Wooden Decking Market, by Region
- North America
- US
- Canada
- Mexico
- Europe
- UK
- Germany
- France
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- South Korea
- India
- Rest of Asia Pacific
- Rest of the World
| Parameters | Indicators |
|---|---|
| Market Size | 2033: $ 24.21 Billion |
| CAGR | 2.93% CAGR (2023-2033) |
| Base year | 2022 |
| Forecast Period | 2023-2033 |
| Historical Data | 2021 |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Key Segmentations | Type, Construction, End-User |
| Geographies Covered | North America, Europe, Asia-Pacific, Latin America, Middle East, Africa |
| Key Vendors | Sundek Interio, United Construction Products, AZEK Building Products, Metsa Wood, Humboldt Redwood Company, DuraLife, Universal Forest Products, Deck Solutions, Trex Company, Thermory |
| Key Market Opportunities | Technological advancements in wooden decking |
| Key Market Drivers | The growth of the construction industry |
REPORT CONTENT BRIEF:
- High-level analysis of the current and future Wooden Decking market trends and opportunities
- Detailed analysis of current market drivers, restraining factors, and opportunities in the future
- Wooden Decking market historical market size for the year 2021, and forecast from 2023 to 2033
- Wooden Decking market share analysis at each product level
- Competitor analysis with a detailed insight into its product segment, financial strength, and strategies adopted.
- Identifies key strategies adopted including product launches and developments, mergers and acquisitions, joint ventures, collaborations, and partnerships as well as funding taken and investment done, among others.
- To identify and understand the various factors involved in the global Wooden Decking market affected by the pandemic
- To provide a detailed insight into the major companies operating in the market. The profiling will include the financial health of the company’s past 2-3 years with segmental and regional revenue breakup, product offering, recent developments, SWOT analysis, and key strategies.
Press Release
The Global Double Chamber Injection Devices Market Is Estimated To Record a CAGR of Around 9.99% During The Forecast Period
The Global Flexible Printed Circuit Board Market Is Estimated To Record a CAGR of Around 11.60% During The Forecast Period
The Global Clinical Biomarkers Market Is Estimated To Record a CAGR of Around 16.7% During The Forecast Period
The Global Data Center Environmental Monitoring System Market Is Estimated To Record a CAGR of Around 8.45% During The Forecast Period
The Global Data Center Networking Market Is Estimated To Record a CAGR of Around 15.55% During The Forecast Period
The Global Graft Delivery Device Market Is Estimated To Record a CAGR of Around 12.99% During The Forecast Period
The Global HubSpot Consulting and Implementation Market Is Estimated To Record a CAGR of Around 15.23% During The Forecast Period
The Global Liquid Skin Protectors Market Is Estimated To Record a CAGR of Around 10.64% During The Forecast Period
The Global Lithium-Ion Battery Energy Storage System Market Is Estimated To Record a CAGR of Around 15.5% During The Forecast Period
The Global Machine Safety Market Is Estimated To Record a CAGR of Around 6.9% During The Forecast Period
