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Global Wooden Decking Market Research Report Covers Historical Market Trends, Current Market Dynamics, Market Valuation by Segmentation as Well as Region, Country-level Analysis for Every Segment, Key Player's Market Share Analysis, Competitive Landscape and Supply Chain Analysis.The key market players in the global wooden decking market include Mohawk Industries, Inc. (U.S.), Weyerhaeuser Company (U.S.), Vetedy Group (U.S.)., Universal Forest Products, Inc. (U.S.), Trex Company, Inc. (U.S.), Cox Industries Inc. (U.S.), Mendocino Redwood Company (U.S.), Shaw Industries Group, Inc. (U.S.), West Fraser Timber Co. Ltd. (Canada), UPM-Kymmene Corporation (Finland), Metsa Group (Finland), Setra Group (Sweden), James Latham plc (U.K.), Humboldt Redwood Company and Danzer (Austria).
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Wooden decking is used to make patios, garden landscaping, flooring, walls, extend living areas, railing, among others. Wooden decking has gained popularity in recent years since consumers prefer wooden decking for its longevity and visually aesthetic appeal. According to Market Research Future (MRFR), the global wooden decking market is estimated to grow at 1.37% CAGR during the forecast period.
The market is expected to witness rapid growth due to the increase in disposable income of the consumers globally, leading to a rise in demand for home renovation projects. Additionally, the rising awareness and need for environmentally sustainable and low maintenance products are driving the market. However, the availability of several substitutes of comparatively low cost is a restraint to the wooden decking market.
Segment Analysis
The global wooden decking market has been segmented by type, application, end-user, and region.
Based on type, the market has been segmented into pressure-treated wood, redwood, cedar wood, tropical wood, and others. Among these, pressure treated wood is accounted for the largest market share, due to its durability, longevity, and its ability to endure extreme moist and icy weather conditions. It can also be treated with waterborne preservatives for resistance to internal decaying, rotting, and insect repellant, thus raising the demand for pressure treated wood. It is most commonly used in the residential and infrastructural industry.
Based on application, the market has been segmented into floor, wall, railing, others. Changing lifestyle and interior designing trends have encouraged the market growth of this segment, owing to the aesthetic value and environmental sustainability of wooden furnishings. Significant growth is estimated over the forecast period, in the floor segment of the wooden decking market owing to its growing popularity. Railing segment is also a strong consumer preference and is estimated to show steady market growth over the forecast period. The wall segment has a significant market share in APAC regions, especially in China and Japan.
Based on end-user, the market has been segmented into residential and non-residential. There is a massive demand for wood decking in the residential segment, owing to the rise in disposable income of consumers which has an impact on their lifestyles. Additionally, the construction industry has developed significantly, which subsequently contributes to the wooden decking market. The non-residential segment is estimated to grow substantially over the forecast period, influenced by the growth in sectors such as hospitality, education, retail and corporate.
By region, the global wooden decking market has been segmented into North America, Europe, Asia Pacific and rest of the world.
Regional Analysis
North America has been accounted for the largest market share and is estimated to witness significant market growth influenced by factors such as the growing demand for low maintenance products, growth of commercial and residential sectors in the U.S., and increasing consumer awareness and demand for sustainable products.
Europe is the second largest market for wooden decking, primarily led by the improved lifestyle of the consumers in this region.
Asia Pacific is assessed to rise at the highest CAGR over the forecast period, driven by the fast growth of the construction industry, the steadily growing popularity of wooden decking. The market for wooden decking in this region is majorly growing in emerging economies such as China, Japan, India, and Singapore.
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Scope of Report
The report for Global Wooden Decking Market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.
Table of Contents:
1... Executive Summary
2 Research Methodology
2.1 Scope Of The Study
2.1.1 Definition
2.1.2 Research Objective
2.1.3 Assumptions
2.1.4 Limitations
2.2 Research Process
2.2.1 Primary Research
2.2.2 Secondary Research
2.3 Market Size Estimation
2.4 Forecast Model
3... Market Dynamics
3.1 Market Drivers
3.2 Market Inhibitors
3.3 Supply/Value Chain Analysis
3.4 Porter’s Five Forces Analysis
Continued......
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