Global Wooden Decking Market Report 2023-2030 - U.S. Market is Estimated at $2.8 Billion, While China is Forecast to Grow at 4.1% CAGR

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Dec 01, 2023, 21:30 ET

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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