Global Wooden Decking Market: Market Size, Trends, and Growth Opportunities
Globally expanding building activity is one of the key factors driving the market's expansion. The market is anticipated to grow as a result of rising demand for wooden decking from commercial and residential application sectors. Rapid urbanisation has a favourable effect on the market as well. Prefabricated structures are becoming increasingly popular among consumers worldwide, which is projected to fuel market growth.
Wooden Decking Market is expected to grow at a CAGR of 1.40% during the forecast period. Wooden Decking Market is expected to reach USD 8.72 Bn. by 2029.
What are Wooden Decking Market Scope?
An inside look into the market's sharks, including their financial standing, revenue, technological improvements, mergers and acquisitions, most recent innovations, marketing strategies, alliances, and joint ventures, is provided by a competitive study of the Wooden Decking market. The Wooden Decking Market research uses historical data, consumer behaviour, and market volatility to create microanalyses with precise drawings, graphs, and easy-to-understand language to aid users in understanding the major themes and general characteristics of the industry.
The SWOT analysis and Porter's Five Forces analysis, which are common & well-known full-proof methodologies to provide analysis of the Market, are used to analyse the restraints, opportunities, challenges, and risks in the Wooden Decking Market research.
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Wooden Decking Market Overview
In-depth information about market size, market dynamics, strategies, revenue, pricing analysis, micro and macro market trends and scenarios, and industry benchmarks are provided in the industry overview. Market size, regional consumer preferences, and industrial competition are all explored in detail.
What is Wooden Decking Market Segmentation?
by Type
• Pressure treated wood
• Redwood
• Cedar
• Others
by Construction Type
• Repairs &remodeling
• New decks on new constructions
• New decks on existing constructions
by Application
• Building materials
• Rails & infrastructure
by End-User
• Residential
• Non-residential
Since pressure-treated wood can survive icy and humid weather, it is frequently used in wooden decking. The demand for pressure-treated wood is expected to rise due to its increased toughness and longevity. Pressure-treated wood can be utilised extensively in industrial, commercial, and residential structures because it resists insects, rot, and internal disintegration.
It is anticipated that the residential sector will control the market. The residential market is predicted to have an increasing preference for wood decking, which will add to the market's dominant position. The demand for wooden decking is predicted to rise as consumer lifestyles change and disposable money rises. In addition, the industry's rapid growth and an increase in home remodelling and renovation projects.
Wooden Decking Market Report Research Methodology
The size of the Wooden Decking Market for each segment was estimated using a variety of secondary sources, such as trade publications, white papers, and journals. The main methodologies were surveys, distributing questionnaires, and conducting telephone interviews with experts in the Wooden Decking industry, Market leaders, business owners, and marketers. The PESTLE analysis was performed to determine how the micro- and macro-economic factors affecting the market for Wooden Decking would affect it.
The industry's competition is thoroughly examined, including market leaders, followers, and new entrants. In-depth primary research was undertaken to gather data, verify, and confirm the important figures arrived at following thorough engineering and calculations for the Wooden Decking Market statistics, including market size estimates, market projections, market breakdowns, and data triangulation. The company's annual reports, articles, paid and free databases, etc. were used to gather the secondary data. The bottom-up method was employed to calculate the size of the regional and Wooden Decking markets.
What are Wooden Decking Market Regional Insights?
The study aids in developing and putting into action fresh strategies that are appropriate for and properly applicable to particular markets in the world.
The report's in-depth regional analysis helps stakeholders, new entrants, investors, entrepreneurs, researchers, market followers, and players by providing an accessible illustration of the market's many components and a future perspective with anticipated risks and trends. The Wooden Decking Market underwent a competitive regional study, which included both existing market competitors and recent market entrants. Gaining a thorough understanding of the market structure and growth strategies of various players requires thorough investigation.
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Who are Wooden Decking Market Key Players?
• West Fraser Timber Co. Ltd
• Universal Forest Products, Inc.
• Metsa Group
• Setra Group
• James Latham plc.
• Mohawk Industries, Inc.
• UPM-Kymmene Corporation
• Weyerhaeuser Company
• Universal Forest Products, Inc.
• Cox Industries Inc.
• Humboldt Redwood Company
• Mendocino Redwood Company
• Vetedy Group
• Trex Company, Inc.
• Shaw Industries Group, Inc.
• Danzer
Table of content for the Wooden Decking Market includes:
1. Preface
1.1. Report Scope and Market Segmentation
1.2. Research Highlights
1.3. Research Objectives
2. Assumptions and Research Methodology
2.1. Report Assumptions
2.2. Abbreviations
2.3. Research Methodology
2.3.1. Secondary Research
2.3.1.1. Secondary data
2.3.1.2. Secondary Sources
2.3.2. Primary Research
2.3.2.1. Data from Primary Sources
2.3.2.2. Breakdown of Primary Sources
3. Executive Summary : Wooden Decking Market Size, by Market Value (US$ Bn) and Market Volume (Units)
4. Market Overview
4.1. Introduction
4.2. Market Indicator
4.2.1. Drivers
4.2.2. Restraints
4.2.3. Opportunities
4.2.4. Challenges
4.3. Porter’s Analysis
4.4. Value Chain Analysis
4.5. Market Risk Analysis
4.6. SWOT Analysis
4.7.Industry Trends in Wooden Decking Market
5. Supply Side and Demand Side Indicators
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Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2021)
- Past Pricing and price curve by region (2018 to 2021)
- Market Size, Share, Size & Forecast by different segment | 2022−2029
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by region
- Market Segmentation – A detailed analysis by Product
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of business by region
- Lucrative business opportunities with SWOT analysis
- Recommendations
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