DUBLIN, Dec. 1, 2023 /PRNewswire/ — The “Wooden Decking – Global Strategic Business Report” report has been added to ResearchAndMarkets.com’s offering.
Global Wooden Decking Market to Reach $9.6 Billion by 2030
The global market for Wooden Decking estimated at US$7.6 Billion in the year 2022, is projected to reach a revised size of US$9.6 Billion by 2030, growing at a CAGR of 3% over the analysis period 2022-2030. Pressure-Treated Wood, one of the segments analyzed in the report, is projected to record 3.4% CAGR and reach US$4.6 Billion by the end of the analysis period. Growth in the Redwood segment is estimated at 2.5% CAGR for the next 8-year period.
The report discusses the impact of the COVID-19-led economic downturn on the construction sector, specifically affecting the wooden decking market. It begins by highlighting the state of the global construction industry, presenting data on its size for the years 2019-2023 and growth trends for various periods, including the impact of COVID-19 on regional construction sectors. The report also identifies countries contributing to global construction growth for the period 2020-2030.
Amid the economic challenges, there’s an expectation of a swift improvement in real estate fundamentals, which is anticipated to drive demand for wooden decking. The competitive scenario in the wooden decking market is examined, featuring the market share of key competitors in 2022 and their competitive presence categorized as strong, active, niche, or trivial.
The report provides an introduction to wooden decking and offers insights into global market prospects and outlook. It underscores pressure-treated wood as the leading segment and highlights the continued role of the residential construction sector in driving market gains. Developed regions are noted to lead, while developing economies are expected to spearhead future growth.
The mega trends benefiting market demand are summarized, including key demand drivers such as urban population growth, the expansion of the middle class, an aging population, and single-person households. The report also provides data on global households categorized by the type of family and their growth over the period 2018-2028.
The U.S. Market is Estimated at $2.8 Billion, While China is Forecast to Grow at 4.1% CAGR
The Wooden Decking market in the U.S. is estimated at US$2.8 Billion in the year 2022. China, the world’s second largest economy, is forecast to reach a projected market size of US$1.4 Billion by the year 2030 trailing a CAGR of 4.1% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2% and 3% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 2.5% CAGR.
What`s New?
- Special discussions on the global economic climate and market sentiment
- Coverage on global competitiveness and key competitor percentage market shares
- Market presence analysis across multiple geographies – Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to digital archives and trademarked research platform
- Complimentary updates for one year
- Access to curated YouTube video transcripts of market sentiments shared by CEOs, domain experts and market influencers via interviews, podcasts, press statements and event keynotes
MARKET TRENDS & DRIVERS
- Myriad Benefits of Wooden Decks Support Market Growth
- Notable Trends in the Deck Industry Poised to Impact Wooden Decking Demand
- Rising Residential Construction Projects & Move Towards Luxury Homes to Fuel Market Gains
- World Population (in Thousands) by Geographic Region for the Years 2019, 2030, 2050, and 2100
- World Urban Population in Thousands: 1950-2050P
- Degree of Urbanization Worldwide: Urban Population as a % of Total Population by Geographic Region for the Years 1950, 1970, 1990, 2018, 2030 and 2050
- Increasing Disposable Incomes and Rising Standards of Living Drive Consumers towards Wooden Decks
- Customers Seek More Functionality from Decks
- Surge in Home Renovation Activity Sets Stage for Wooden Decking Products amid COVID-19
- Home Improvement in Upbeat Mood despite Labor Crunch & Inflated Material Prices
- Commercial Sector Demonstrates Growing Preference for Wooden Decks
- Investments in Hospitality & Leisure Projects to Propel Growth in Wooden Decking Market
- COVID-19 Impact on Travel & Tourism Industry: Growth Rate (%) of Industry Revenues in Select Countries for 2020 Vs 2019
- COVID-19 Impact on Tourism Industry: % Change in International Tourist Arrivals by Region for 2019 and Q1 2020
- Wooden Decks Emerge as Aesthetic & Sustainable Option for Garden Landscaping
- Rising Prominence of Green Buildings Concept: Positive Implications for the Market
- Global Green Building Materials Market Size (in US$ Billion) for 2020, 2022, 2024 and 2026
- Wood Decking for Direct Sunlight Exposure
- Deck Waterproofing: Key Challenges Facing the Industry
- Natural Wood Decks Face Growing Competition from Composite Decking Products
- Composite Decking Emerges as a Good Alternative to Wood Decks
- Advantages and Disadvantages of Composite and Wood Decking
- Composite Decking Makers Set Focus on Chipping Away Wood Sales with Better Options
- Rising Lumber Prices Contributes to Growing Popularity of Composite Decking
FOCUS ON SELECT PLAYERS (Total 99 Featured)
- Georgia-Pacific LLC
- Boral Ltd.
- Boise Cascade Company
- Builders FirstSource, Inc
- AZEK Building Products, Inc.
- Hood Industries
- Beland Forest Products Ltd.
- Cali Bamboo LLC
- Accsys Technologies Plc
- Dasso Group
- East Teak Fine Hardwoods, Inc.
- Eva-Last Distributors
- Fiberon LLC
- Accord Floors
- Aliwood
For more information about this report visit https://www.researchandmarkets.com/r/dwnqgp
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SOURCE Research and Markets
