Wooden Decking Market worth 7.81 Billion USD by 2021


Posted July 7, 2017 by Pratik_M

Wooden decks are used in residential and non-residential buildings. The global market, in terms of end use, was dominated by residential buildings in 2015.

 
Wooden Decks are used in residential and non-residential buildings. The global market, in terms of end use, was dominated by residential buildings in 2015. Rising disposable incomes of the urban population is stimulating the construction of new houses in urban regions, giving rise to an increased demand for wooden decks.

The Wooden Decking Market size is estimated to grow from USD 7.21 Billion in 2015 to USD 7.81 Billion by 2021, at a CAGR of 1.43%. The base year considered for the study is 2015 and the market size is projected from 2016 to 2021.

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North America is the largest consumer of wooden decks. The U.S., Germany, and China are among the key markets of wooden decks. The Asia-Pacific wooden decking market is projected to register the highest CAGR during the forecast period.

The segmentation for this report is based on type, application, end-use sector, type of construction, and region. The residential sector is projected to be the fastest-growing segment in the wooden decking market during the forecast period.

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The properties offered by wooden decks such as resistance to splinter & rot, durability, stability, sustainability, and enhanced looks are useful in application areas such as docks, marinas, patios, pool areas, hotels, and resorts.Growth in construction expenditures in the non-residential sector will continue to support the demand for wooden decks.

Target Audience :

Wooden decking manufacturers
Raw material producers and suppliers
Wooden decking distributors and traders
End-use sectors
Government and R&D institutions
Market research and consulting firms
Associations and industry bodies

Scope of the Report :

By Type:
Pressure treated wood
Redwood
Cedar
Others (tropical hardwood, tigerwood, mahogany, teak and ipe)

By Type of Construction:
Repairs & remodeling
New decks on new constructions
New decks on existing constructions

By Application:
Building materials
Rails & infrastructure

Key Player :

The Global Wooden Decking Market is dominated by players such as UPM-Kymmene Corporation (Finland), Weyerhaeuser Company (U.S.), West Fraser Timber Co. Ltd. (Canada), Universal Forest Products, Inc. (U.S.), Metsä Group (Finland), Setra Group (Sweden), James Latham plc (U.K.), Cox Industries Inc. (U.S.), Humboldt Redwood Company and Mendocino Redwood Company (U.S.), Vetedy Group (U.S.). These players adopted various strategies such as new product developments, agreements, partnerships, and expansions to cater to the needs of the wooden decking market.

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Issued By Pratik
Country India
Categories Business , Construction , Industry
Tags composite decking , deck flooring , decking , timber decking , wooden decking , wooden decking market
Last Updated July 7, 2017