The global wooden decking market is projected to reach a value of USD 7.8 billion in 2023, driven by the rising demand for high-quality wooden decks in the residential sector. By 2033, the market is expected to grow to USD 10.4 billion, reflecting a CAGR of 2.9% from 2023 to 2033.
This growth is attributed to the increasing number of repair and remodeling projects, alongside urbanization and investments in infrastructure development in emerging economies. Advancements in manufacturing technology and the creation of sustainable wooden deck materials are also key drivers boosting demand.
Expanding applications in both residential and commercial sectors are providing new opportunities for market growth. The growing preference for eco-friendly and sustainable flooring solutions is anticipated to further propel market expansion during the forecast period.
Additionally, increasing investments in the construction industry, combined with consumer interest in aesthetics, are expected to positively impact market growth. The growing demand for wooden decking in both residential and non-residential segments, supported by population growth, will likely drive product demand.
Regions like Europe and North America, which are witnessing significant construction investments, are expected to see strong demand for wooden decking. Furthermore, increasing investments in real estate projects and the growing number of hotels, restaurants, and corporate offices in emerging markets like India and China are expected to fuel market growth throughout the forecast period.
Key Takeaways:
- From 2018 to 2022, the market demand expanded at a CAGR of 3.8%.
- Based on the wood type, the pressure-treated wood segment accounts for a CAGR of 2.7%.
- By construction type, the repair & remodeling segment is expected to expand at a CAGR of 2.5% during the forecast period.
- North America to emerge as a promising market, capturing a CAGR of 2.8%.
- Asia Pacific is an opportunistic market, expected to capture a CAGR of 2.8% during the forecast period.
Competitive landscape:
Prominent players in the wooden decking market are Georgia-Pacific LLC; Boral Ltd.; Boise Cascade Company; Builders FirstSource, Inc; AZEK Building Products, Inc., among others.
Key Companies Profiled
- 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
Key Segments Covered:
By Wood Type:
- Pressure Treated Wood
- Redwood
- Cedar Wood
- Others
By Construction Type:
- Repairs & Remodelling
- New Decks
By Application:
- Residential
- Non-Residential
By Region:
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East and Africa
Report Preview: https://www.futuremarketinsights.com/reports/wooden-decking-market
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