Wooden Decking Market Trends, Revenue, Share, Scope, Growth Drivers, Challenges and Future Investment Opportunities Till 2033

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Wooden Decking Market Trends, Revenue, Share, Scope, Growth Drivers, Challenges and Future Investment Opportunities Till 2033: SPER Market Research



 Published: Nov-2023
 Author: SPER Analyst


 Wooden Decking Market is projected to be worth USD 11.90 billion by 2033 and is anticipated to surge at a CAGR of 3.13%.  

The term "wooden decking" describes the building of outdoor platforms or flooring made of wood. Made from softwoods or hardwoods, wooden decking adds a visually beautiful and organic touch to outdoor areas including patios, gardens, and poolside areas. The warm appearance, longevity, and resistance to different weather conditions when properly maintained are just a few benefits of wooden decking.

Global Wooden Decking Market Driving Factors and Challenges
The continually expanding building sector of the worldwide economy is driving the market CAGR for wooden decking. People like hardwood or timber decking because it can be utilized to replace stone-based features like patios and extend the living area of a home through landscape landscaping. Aside from its aesthetic value, wooden decking is valued for its durability and low upkeep needs. Wood decking can last for many years with proper maintenance and can be easily repaired or refinished when needed. Living standards are rising globally as a result of this. The growth graph of the wooden decking sector is being shaped by the mix of eco-friendly features, aesthetic appeal, and versatility.

One of the main things limiting the market is that its growth may be constrained by variables like changes in the cost of wood and related materials and the accessibility of alternatives like plastic and wood-polymer composite decks. Also, the use of composite decking in outdoor area construction and decking is growing in popularity. It is intended to provide unparalleled beauty, exceptional durability, and minimal upkeep. It is projected that the market for wooden decking would expand more slowly due to the increasing usage of composite decking. The high cost and upkeep of wooden decking is expected to impede market expansion. The other worrying thing is the potential for rot and deterioration, particularly in areas with high humidity or moisture. Consequently, options for treated lumber and composite decking were developed, providing enhanced resistance against decay and rot. 


Impact of COVID-19 on Global Wooden Decking Market
The need for decking materials decreased as a result of the COVID-19 outbreak. The postponement or cancellation of numerous construction projects led to a decline in sales and earnings for decking suppliers. Disruptions to the supply chain, such as problems with logistics and transportation, also impacted the availability of raw materials and raised costs. The sector has also gradually recovered from the initial effects of the epidemic by embracing internet channels for sales and consultations, putting safety measures in place, and highlighting the advantages of outdoor living.

Global Wooden Decking Market Key Players:
The market study provides market data by competitive landscape, revenue analysis, market segments and detailed analysis of key market players such as Alfresco Floors, AZEK Building Products, DuraLife, Fiberon, Kebony, Metsa Wood, Vetedy Group, Thermory AS and various others.


Global Low-Calorie Food Market Segmentation:

By Product Type: Based on the Product Type, Global Wood Decking Market is segmented as; Pressure treated wood, Redwood, Tropical hardwood, Tigerwood, Mahogany, Teak, Ipe, Others.

By Application: Based on the Distribution Channel, Global Wood Decking Market is segmented as; Building materials, Rails & infrastructure.

By Type of Construction: Based on the Distribution Channel, Global Wood Decking Market is segmented as; New decks on existing constructions, New decks on new constructions, Repairs & remodelling

By End-User: Based on the Distribution Channel, Global Wood Decking Market is segmented as; Non-Residential, Residential.

By Region: This research also includes data for North America, Asia-Pacific, Latin America, Middle East & Africa and Europe.

This study also encompasses various drivers and restraining factors of this market for the forecast period. Various growth opportunities are also discussed in the report.

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