DUBLIN, Jan. 10, 2024 /PRNewswire/ — The “US Wood & Competitive Decking Market Report” report has been added to ResearchAndMarkets.com’s offering.
The latest comprehensive analysis of the US Wood and Competitive Decking Market reveals a landscape of moderated demand, predicting a steady forecast towards 2027.
Despite an overall plateau in market growth, notable trends emerge, particularly the escalating preference for durable non-wood decking alternatives and the burgeoning segment of wood-plastic composite materials.
Key Takeaways from the Analysis:
The demand for decking is projected to remain at 3.8 billion lineal feet, with the market value enduring impacts from decelerating residential improvement undertakings and a shift in material preferences.
Commercial and nonbuilding markets exhibit potential for growth, driven by the recovery in the hospitality sector and the public’s heightened interest in outdoor recreation spaces.
Advancements in wood-plastic composite decking are capturing significant interest due to their longevity and wood-like aesthetics, influencing shifts away from traditional pressure-treated wood.
An insight into the Residential Decking Sector discloses a nuanced picture:
Trends and Drivers in Residential Decking
Stabilization in wood decking prices post extraordinary hikes during the 2020-2021 period.
The significant inventory of decks installed during the pandemic likely deferring immediate replacement demands.
Growing consumer inclination towards expansive outdoor living spaces sustaining the market.
Commercial and Nonbuilding Decking Outlook:
The commercial market, spanning hospitality to entertainment venues, is poised for a surge in decking needs as postponed renovations during the pandemic come to the forefront. Public sector design trends focusing on social gathering spots amplify the need for decking solutions in parks and recreational areas, creating a resilient nonbuilding market segment.
Professional vs. DIY Installations: Market Dynamics
Professional installations overwhelmingly dominate, with non-residential projects overwhelmingly relying on skilled installers due to complexities and strict regulations. A noteworthy trend, the DIY segment saw a spike during the peak pandemic years, with expectations for a reversion to pre-pandemic norms.
Pricing Trajectories and Inflation:
Analyzing the pricing strategies, the report recognizes various determinants from raw material costs to design sophistications affecting prices industry-wide. Notable is the decline in average decking prices anticipated by 2027, as lumber shortages alleviate and supply chains stabilize.
The insights offered by this market evaluation provide a clear understanding of the intricate variables influencing the decking industry’s course. It benchmarks the current state of the market while highlighting emergent opportunities and trends shaping the future of decking in the US.
Key Topics Covered:
1. Executive Summary
2. Short-Term Analysis
Economic Forecast
Short-Term Construction Outlook
Decking Industry Short-Term Analysis
3. Overview
Historical Market Trends
Decking Board vs. Railing & Accessory Trends
Demand by Function
Decking Boards
Railings & Accessories
Markets Overview
Materials Trends
Volume Demand (Lineal Feet)
Market Value
Installation Trends (Professional vs. DIY)
Decking Substructure Market Outlook
Pricing & Inflation
Foreign Trade & Tariffs
4. Factors Impacting Decking Demand
Construction Industry Outlook
Lifecycle Costs
Decking Installation & Labor Shortages
Building Codes
Sustainability Initiatives
Timber Harvesting & Forest Management
Recycling & Use of Recycled Content
Regulation of Wood Preservatives
Style Trends & Aesthetics
5. Wood Decking
Demand Outlook: Real Growth & Market Value
Types of Wood
Demand by Wood Type
Pressure-Treated Wood
Redwood
Cedar
Tropical Hardwood & Other Wood Types
New Build vs. Renovation
6. Composite Decking (Wood-Plastic)
Demand Outlook: Real Growth & Market Value
Demand by Plastic Type
New Build vs. Renovation
Demand by Surface Treatment
7. Plastic, Metal, & Other Decking
Plastic Decking
Scope & Product Description
Demand Outlook: Real Growth & Market Value
Demand by Plastic Type
Vinyl
Vinyl Decking by Function
Vinyl Decking by Type
Polyethylene
Other Plastics (Polypropylene & Other Plastics)
New Build vs. Renovation
Metal & Other Decking Materials
Scope & Product Description
Demand Outlook: Real Growth & Market Value
New Build vs. Renovation
8. Residential Decking Market
Applications
Demand by Application
New Construction
Renovation
Housing Types
Demand by Housing Type
Single-Family Housing
Multifamily Housing
Manufactured Housing
9. Commercial Decking Market
10. Nonbuilding (Waterfront & Amusement)
11. Regions
12. Industry Structure
Key Findings & Industry Composition
Market Share
Mergers & Acquisitions
New Product Development
Marketing
Distribution
List of Industry Participants
For more information about this report visit https://www.researchandmarkets.com/r/ed0l81
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