Global Wooden Decking Market

Global Wooden Decking Market Size, Share, Growth Analysis, By Application(railing, floor), By End-user(Residential and non-residential) - Industry Forecast 2023-2030


Report ID: SQMIG15P2013 | Region: Global | Published Date: June, 2023 | Pages: 157 | Tables: 62 | Figures: 75

Global Wooden Decking Market Insights

Global Wooden Decking Market size was valued at USD 7.81 Billion in 2021 and is poised to grow from USD 7.92 Billion in 2022 to USD 8.87 Billion by 2030, at a CAGR of 1.43% during the forecast period (2023-2030).

The global wooden decking market is driven by the growing demand for outdoor living spaces and the desire for natural, environmentally friendly materials. Additionally, the increasing preference for wooden decking over alternative materials like concrete or composite decking contributes to market growth. One of the key drivers of the global wooden decking market is the rising construction activities in residential and commercial sectors. The construction industry's growth, particularly in emerging economies, fuels the demand for wooden decking in new constructions and renovations. Moreover, the popularity of outdoor entertainment areas and the trend towards creating outdoor extensions of indoor living spaces further drive the demand for wooden decking. The market is also influenced by the increasing focus on sustainable and eco-friendly practices.

Wooden decking made from responsibly sourced timber is considered a sustainable choice, as wood is a renewable resource. This aligns with the growing environmental consciousness among consumers, leading to the preference for wooden decking over materials with higher carbon footprints. However, the global wooden decking market faces certain challenges. One of the significant challenges is the maintenance required for wooden decking to ensure its longevity and aesthetics. Regular cleaning, staining, and sealing are essential to protect the wood from moisture, rot, and insect infestation. Additionally, wooden decking may be susceptible to weathering, fading, and warping over time, which requires proper care and maintenance. Another challenge is the competition from alternative decking materials such as composites and PVC. These materials offer advantages like low maintenance, high durability, and resistance to moisture and pests. The market's growth potential for wooden decking may be influenced by the availability and affordability of these alternative materials.

Market snapshot - 2023-2030

Global Market Size

USD 7.81 Billion

Largest Segment

Residential

Fastest Growth

Residential

Growth Rate

1.43% CAGR

Global Wooden Decking Market ($ Bn)
Country Share for North America Region (%)
Global Wooden Decking Market By End user ($ Bn)
Global Wooden Decking Market By End user (%)

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Global Wooden Decking Market Segmental Analysis

The global wooden decking market is segmented on the basis of application, end-user, and region. By application, the market is segmented into railing, floor, wall, and other applications. By end user, the market is segmented into residential, and non-residential. By region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.

Analysis By Application

The global wooden decking market can be segmented by application into railing, floor, wall, and other applications. Among these segments, the dominant application is the floor segment. Wooden decking is widely used as flooring in outdoor spaces such as patios, terraces, and gardens due to its natural aesthetics, durability, and ability to create a warm and inviting ambiance. The floor segment holds a significant share in the global wooden decking market and is expected to continue its dominance.

However, the fastest-growing segment in recent years has been the railing segment. Railing systems made from wooden decking provide safety and enhance the overall appearance of outdoor spaces. The growing awareness about safety regulations and the increasing demand for visually appealing railing solutions have driven the growth of the wooden decking market in the railing segment.

Analysis By End User

The global wooden decking market can be segmented by end users into residential and non-residential sectors. Among these segments, the dominant end user is the residential sector. Wooden decking is extensively used in residential properties such as houses, apartments, and villas to enhance outdoor living spaces. Homeowners value the natural beauty, warmth, and durability offered by wooden decking, making it a popular choice for residential applications. The residential sector holds a significant share in the global wooden decking market and is expected to maintain its dominance.

However, the non-residential sector is the fastest-growing segment in recent years. The demand for wooden decking in non-residential applications, such as commercial buildings, hotels, resorts, and public spaces, has been on the rise. The hospitality industry, in particular, is witnessing a growing preference for wooden decking to create appealing outdoor areas for guests to relax and enjoy. Additionally, wooden decking is increasingly being utilized in outdoor spaces of restaurants, cafes, and entertainment venues to create a welcoming atmosphere. This surge in non-residential construction and the growing focus on creating inviting outdoor environments contribute to the rapid growth of the non-residential sector in the wooden decking market.

Global Wooden Decking Market By End user, 2021 (%)

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Global Wooden Decking Market Regional Insights

North America dominates the global wooden decking market. The region has a strong demand for outdoor living spaces and a culture of utilizing wooden decking for residential and commercial applications. The United States, in particular, is a significant market due to the high number of single-family houses and the popularity of outdoor entertainment areas.

Asia Pacific is experiencing significant growth in the wooden decking market. Rapid urbanization, expanding construction activities, and increasing disposable incomes in countries such as China, India, and Japan drive the demand for wooden decking. Additionally, the cultural inclination towards outdoor living spaces and the preference for natural materials contribute to the market growth in this region.

Global Wooden Decking Market By Region, 2023-2030
  • Largest
  • Fastest

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Global Wooden Decking Market Dynamics

Drivers

Increasing Demand for Outdoor Living Spaces

  • The growing trend of creating functional and aesthetically appealing outdoor living areas, such as patios, terraces, and gardens, is driving the demand for wooden decking. Homeowners and commercial property owners are seeking ways to enhance outdoor spaces for leisure activities and entertainment.

Natural Aesthetic Appeal

  • Wooden decking offers a natural and timeless aesthetic that complements various architectural styles and blends well with outdoor surroundings. The warmth, beauty, and authenticity of wood create a welcoming and cozy atmosphere, attracting consumers to choose wooden decking for their outdoor areas.

Restraints

Maintenance Requirements

  • Wooden decking requires regular maintenance to preserve its appearance and performance. Periodic cleaning, staining, and sealing are necessary to protect against moisture, UV rays, and fungal growth. The maintenance efforts and costs associated with wooden decking can be a deterrent for some consumers.

Susceptibility to Pests and Decay

  • Wood is susceptible to pests, such as termites, and can also be prone to decay if not adequately protected. Without proper treatment and maintenance, wooden decking may become damaged or require frequent repairs, which can be a concern for consumers.

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Global Wooden Decking Market Competitive Landscape

The global wooden decking market features a highly competitive landscape with several players striving to capture a significant market share. These companies are engaged in product development, innovation, strategic partnerships, and geographical expansion to strengthen their market position. The competition is primarily driven by factors such as product quality, durability, aesthetics, pricing, and customer service. The market players in the wooden decking industry focus on offering a diverse range of decking solutions to cater to the varying needs and preferences of customers. They invest in research and development activities to introduce innovative decking materials and designs that enhance the overall performance, durability, and aesthetics of wooden decking products. Additionally, companies in the global wooden decking market emphasize sustainability and environmentally friendly practices. They strive to develop decking materials that are sourced from responsibly managed forests and promote sustainable construction practices. Furthermore, strategic collaborations with contractors, architects, and builders play a crucial role in expanding the market reach and increasing product visibility. Companies also invest in marketing and promotional activities to create brand awareness and attract potential customers.

Top Player’s Company Profile

  • Trex Company, Inc. - USA
  • AZEK Building Products - USA
  • Fiberon - USA
  • Cali Bamboo - USA
  • DuraLife Decking & Railing Systems - USA
  • Deckorators - USA
  • Green Bay Decking - USA
  • UPM ProFi - Finland
  • Accoya - The Netherlands
  • Kebony - Norway
  • Thermory - Estonia
  • Osmo Holz und Color GmbH & Co. KG - Germany
  • Silvadec - France
  • Millboard - United Kingdom
  • Metsä Wood - Finland
  • Outdure - New Zealand
  • Ecodek - United Kingdom
  • Kayu International – USA

Recent Developments

  • In October 2022, Deckorators Inc., a prominent US-based company known for its composite decking, railing, and related products, has recently introduced two fresh color options for its latest Venture Decking product line. The new colors, namely Sandbox and Saltwater, add to the existing range and offer customers even more variety. Sandbox features a timeless medium-brown shade, while Saltwater presents a warm and inviting smokey-taupe hue. This expansion of color options showcases Deckorators' commitment to meeting the diverse preferences of their customers.
  • In November 2022, AZEK Company Inc., a leading US-based company, unveiled an exciting range of products under its StruXure and TimberTech brands. This latest suite of offerings includes a vibrant selection of new decking colors and an expanded range of railing options, among other exciting additions. Consumers can look forward to experiencing these innovative products starting from the year 2023 when they become available in the market.

Global Wooden Decking Key Market Trends

  • Growing Urbanization and Construction Activities: The global trend of urbanization and increasing construction activities, particularly in residential and commercial sectors, are driving the demand for wooden decking. Rapid urbanization and the need for outdoor spaces in urban settings are creating opportunities for the wooden decking market.
  • Shift towards Online Sales Channels: The rise of e-commerce and online sales platforms has influenced the distribution and sales strategies in the wooden decking market. Manufacturers are leveraging online platforms to reach a wider customer base, offer product information, and facilitate direct sales, making it convenient for customers to explore and purchase decking materials.

Global Wooden Decking Market SkyQuest Analysis

SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyzes the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.

According to our global wooden decking market analysis, the growing preference for sustainable and eco-friendly decking materials, coupled with customers demanding responsibly sourced wood and environmentally friendly practices are the key growth drivers. Composite decking is gaining popularity due to its durability, low maintenance requirements, and resistance to rot and weathering. Customization and personalization are also key trends, as customers seek unique decking designs to match their outdoor spaces. Technology integration, such as 3D modeling, is improving design accuracy and visualization. Durability and longevity are emphasized, with manufacturers developing decking products that can withstand various weather conditions.

The market is fuelled by the increasing trend of creating outdoor living spaces and home improvement projects. Additionally, the demand for low-maintenance decking options, safety features, and slip resistance is on the rise. The global wooden decking market is also influenced by urbanization and construction activities, particularly in residential and commercial sectors. Furthermore, the shift towards online sales channels is transforming the distribution and sales strategies in the industry. Overall, North America dominates the market, while Asia Pacific is the fastest-growing region, driven by urbanization and infrastructure development. However, challenges such as price fluctuations of raw materials and competition from alternative decking materials pose restraints to the market's growth.

Report Metric Details
Market size value in 2021 USD 7.81 Billion
Market size value in 2030 USD 8.87 Billion
Growth Rate 1.43%
Base year 2021
Forecast period 2023-2030
Forecast Unit (Value) USD Billion
Segments covered
  • Application
    • railing, floor, wall, and other applications.
  • End-user
    • Residential and non-residential
Regions covered North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)
Companies covered
  • Trex Company, Inc. - USA
  • AZEK Building Products - USA
  • Fiberon - USA
  • Cali Bamboo - USA
  • DuraLife Decking & Railing Systems - USA
  • Deckorators - USA
  • Green Bay Decking - USA
  • UPM ProFi - Finland
  • Accoya - The Netherlands
  • Kebony - Norway
  • Thermory - Estonia
  • Osmo Holz und Color GmbH & Co. KG - Germany
  • Silvadec - France
  • Millboard - United Kingdom
  • Metsä Wood - Finland
  • Outdure - New Zealand
  • Ecodek - United Kingdom
  • Kayu International – USA
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Table Of Content

Executive Summary

Market overview

  • Exhibit: Executive Summary – Chart on Market Overview
  • Exhibit: Executive Summary – Data Table on Market Overview
  • Exhibit: Executive Summary – Chart on Global Wooden Decking Market Characteristics
  • Exhibit: Executive Summary – Chart on Market by Geography
  • Exhibit: Executive Summary – Chart on Market Segmentation
  • Exhibit: Executive Summary – Chart on Incremental Growth
  • Exhibit: Executive Summary – Data Table on Incremental Growth
  • Exhibit: Executive Summary – Chart on Vendor Market Positioning

Parent Market Analysis

Market overview

Market size

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • SWOT Analysis

KEY MARKET INSIGHTS

  • Technology Analysis
    • (Exhibit: Data Table: Name of technology and details)
  • Pricing Analysis
    • (Exhibit: Data Table: Name of technology and pricing details)
  • Supply Chain Analysis
    • (Exhibit: Detailed Supply Chain Presentation)
  • Value Chain Analysis
    • (Exhibit: Detailed Value Chain Presentation)
  • Ecosystem Of the Market
    • Exhibit: Parent Market Ecosystem Market Analysis
    • Exhibit: Market Characteristics of Parent Market
  • IP Analysis
    • (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
  • Trade Analysis
    • (Exhibit: Data Table: Import and Export data details)
  • Startup Analysis
    • (Exhibit: Data Table: Emerging startups details)
  • Raw Material Analysis
    • (Exhibit: Data Table: Mapping of key raw materials)
  • Innovation Matrix
    • (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
  • Pipeline product Analysis
    • (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
  • Macroeconomic Indicators

COVID IMPACT

  • Introduction
  • Impact On Economy—scenario Assessment
    • Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
  • Revised Market Size
    • Exhibit: Data Table on Global Wooden Decking Market size and forecast 2021-2027 ($ million)
  • Impact Of COVID On Key Segments
    • Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
  • COVID Strategies By Company
    • Exhibit: Analysis on key strategies adopted by companies

MARKET DYNAMICS & OUTLOOK

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • Regulatory Landscape
    • Exhibit: Data Table on regulation from different region
  • SWOT Analysis
  • Porters Analysis
    • Competitive rivalry
      • Exhibit: Competitive rivalry Impact of key factors, 2021
    • Threat of substitute products
      • Exhibit: Threat of Substitute Products Impact of key factors, 2021
    • Bargaining power of buyers
      • Exhibit: buyers bargaining power Impact of key factors, 2021
    • Threat of new entrants
      • Exhibit: Threat of new entrants Impact of key factors, 2021
    • Bargaining power of suppliers
      • Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
  • Skyquest special insights on future disruptions
    • Political Impact
    • Economic impact
    • Social Impact
    • Technical Impact
    • Environmental Impact
    • Legal Impact

Market Size by Region

  • Chart on Market share by geography 2021-2027 (%)
  • Data Table on Market share by geography 2021-2027(%)
  • North America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • USA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Canada
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Europe
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Germany
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Spain
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • France
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • UK
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Europe
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Asia Pacific
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • China
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • India
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Japan
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Korea
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Asia Pacific
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Latin America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Brazil
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of South America
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Middle East & Africa (MEA)
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • GCC Countries
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Africa
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of MEA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)

KEY COMPANY PROFILES

  • Competitive Landscape
    • Total number of companies covered
      • Exhibit: companies covered in the report, 2021
    • Top companies market positioning
      • Exhibit: company positioning matrix, 2021
    • Top companies market Share
      • Exhibit: Pie chart analysis on company market share, 2021(%)

Methodology

For the Global Wooden Decking Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:

1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.

2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Wooden Decking Market.

3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.

4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.

Analyst Support

Customization Options

With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Wooden Decking Market:

Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.

Regional Analysis: Further analysis of the Global Wooden Decking Market for additional countries.

Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.

Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.

Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.

Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.

Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.

Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.

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FAQ's

Global Wooden Decking Market size was valued at USD 7.81 Billion in 2021 and is poised to grow from USD 7.92 Billion in 2022 to USD 8.87 Billion by 2030, at a CAGR of 1.43% during the forecast period (2023-2030).

The global wooden decking market features a highly competitive landscape with several players striving to capture a significant market share. These companies are engaged in product development, innovation, strategic partnerships, and geographical expansion to strengthen their market position. The competition is primarily driven by factors such as product quality, durability, aesthetics, pricing, and customer service. The market players in the wooden decking industry focus on offering a diverse range of decking solutions to cater to the varying needs and preferences of customers. They invest in research and development activities to introduce innovative decking materials and designs that enhance the overall performance, durability, and aesthetics of wooden decking products. Additionally, companies in the global wooden decking market emphasize sustainability and environmentally friendly practices. They strive to develop decking materials that are sourced from responsibly managed forests and promote sustainable construction practices. Furthermore, strategic collaborations with contractors, architects, and builders play a crucial role in expanding the market reach and increasing product visibility. Companies also invest in marketing and promotional activities to create brand awareness and attract potential customers. 'Trex Company, Inc. - USA', 'AZEK Building Products - USA', 'Fiberon - USA', 'TimberTech - USA', 'Cali Bamboo - USA', 'DuraLife Decking & Railing Systems - USA', 'MoistureShield - USA', 'Deckorators - USA', 'Green Bay Decking - USA', 'UPM ProFi - Finland', 'Accoya - The Netherlands', 'Kebony - Norway', 'Thermory - Estonia', 'Osmo Holz und Color GmbH & Co. KG - Germany', 'Silvadec - France', 'Millboard - United Kingdom', 'Metsä Wood - Finland', 'Outdure - New Zealand', 'Ecodek - United Kingdom', 'Kayu International – USA'

The growing trend of creating functional and aesthetically appealing outdoor living areas, such as patios, terraces, and gardens, is driving the demand for wooden decking. Homeowners and commercial property owners are seeking ways to enhance outdoor spaces for leisure activities and entertainment.

Growing Urbanization and Construction Activities: The global trend of urbanization and increasing construction activities, particularly in residential and commercial sectors, are driving the demand for wooden decking. Rapid urbanization and the need for outdoor spaces in urban settings are creating opportunities for the wooden decking market.

North America dominates the global wooden decking market. The region has a strong demand for outdoor living spaces and a culture of utilizing wooden decking for residential and commercial applications. The United States, in particular, is a significant market due to the high number of single-family houses and the popularity of outdoor entertainment areas.

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Global Wooden Decking Market

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