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

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 sentimentCoverage on global competitiveness and key competitor percentage market sharesMarket presence analysis across multiple geographies – Strong/Active/Niche/TrivialOnline interactive peer-to-peer collaborative bespoke updatesAccess to digital archives and trademarked research platformComplimentary updates for one yearAccess 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 GrowthNotable Trends in the Deck Industry Poised to Impact Wooden Decking DemandRising Residential Construction Projects & Move Towards Luxury Homes to Fuel Market GainsWorld Population (in Thousands) by Geographic Region for the Years 2019, 2030, 2050, and 2100World Urban Population in Thousands: 1950-2050PDegree of Urbanization Worldwide: Urban Population as a % of Total Population by Geographic Region for the Years 1950, 1970, 1990, 2018, 2030 and 2050Increasing Disposable Incomes and Rising Standards of Living Drive Consumers towards Wooden DecksCustomers Seek More Functionality from DecksSurge in Home Renovation Activity Sets Stage for Wooden Decking Products amid COVID-19Home Improvement in Upbeat Mood despite Labor Crunch & Inflated Material PricesCommercial Sector Demonstrates Growing Preference for Wooden DecksInvestments in Hospitality & Leisure Projects to Propel Growth in Wooden Decking MarketCOVID-19 Impact on Travel & Tourism Industry: Growth Rate (%) of Industry Revenues in Select Countries for 2020 Vs 2019COVID-19 Impact on Tourism Industry: % Change in International Tourist Arrivals by Region for 2019 and Q1 2020Wooden Decks Emerge as Aesthetic & Sustainable Option for Garden LandscapingRising Prominence of Green Buildings Concept: Positive Implications for the MarketGlobal Green Building Materials Market Size (in US$ Billion) for 2020, 2022, 2024 and 2026Wood Decking for Direct Sunlight ExposureDeck Waterproofing: Key Challenges Facing the IndustryNatural Wood Decks Face Growing Competition from Composite Decking ProductsComposite Decking Emerges as a Good Alternative to Wood DecksAdvantages and Disadvantages of Composite and Wood DeckingComposite Decking Makers Set Focus on Chipping Away Wood Sales with Better OptionsRising Lumber Prices Contributes to Growing Popularity of Composite Decking

FOCUS ON SELECT PLAYERS (Total 99 Featured)

Georgia-Pacific LLCBoral Ltd.Boise Cascade CompanyBuilders FirstSource, IncAZEK Building Products, Inc.Hood IndustriesBeland Forest Products Ltd.Cali Bamboo LLCAccsys Technologies PlcDasso GroupEast Teak Fine Hardwoods, Inc.Eva-Last DistributorsFiberon LLCAccord FloorsAliwood

For more information about this report visit https://www.researchandmarkets.com/r/dwnqgp

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