US Wood & Competitive Decking Market Report – Growing Preference for Durable Non-wood Decking Alternatives and Burgeoning Wood-Plastic Composite Materials Segment

DUBLIN, Jan. 10, 2024 /PRNewswire/ — The “US Wood & Competitive Decking Market Report” report has been added to  ResearchAndMarkets.com’s offering.

The latest comprehensive analysis of the US Wood and Competitive Decking Market reveals a landscape of moderated demand, predicting a steady forecast towards 2027.

Despite an overall plateau in market growth, notable trends emerge, particularly the escalating preference for durable non-wood decking alternatives and the burgeoning segment of wood-plastic composite materials.

Key Takeaways from the Analysis:

The demand for decking is projected to remain at 3.8 billion lineal feet, with the market value enduring impacts from decelerating residential improvement undertakings and a shift in material preferences.Commercial and nonbuilding markets exhibit potential for growth, driven by the recovery in the hospitality sector and the public’s heightened interest in outdoor recreation spaces.Advancements in wood-plastic composite decking are capturing significant interest due to their longevity and wood-like aesthetics, influencing shifts away from traditional pressure-treated wood.

An insight into the Residential Decking Sector discloses a nuanced picture:

Trends and Drivers in Residential Decking

Stabilization in wood decking prices post extraordinary hikes during the 2020-2021 period.The significant inventory of decks installed during the pandemic likely deferring immediate replacement demands.Growing consumer inclination towards expansive outdoor living spaces sustaining the market.

Commercial and Nonbuilding Decking Outlook:

The commercial market, spanning hospitality to entertainment venues, is poised for a surge in decking needs as postponed renovations during the pandemic come to the forefront. Public sector design trends focusing on social gathering spots amplify the need for decking solutions in parks and recreational areas, creating a resilient nonbuilding market segment.

Professional vs. DIY Installations: Market Dynamics

Professional installations overwhelmingly dominate, with non-residential projects overwhelmingly relying on skilled installers due to complexities and strict regulations. A noteworthy trend, the DIY segment saw a spike during the peak pandemic years, with expectations for a reversion to pre-pandemic norms.

Pricing Trajectories and Inflation:

Analyzing the pricing strategies, the report recognizes various determinants from raw material costs to design sophistications affecting prices industry-wide. Notable is the decline in average decking prices anticipated by 2027, as lumber shortages alleviate and supply chains stabilize.

The insights offered by this market evaluation provide a clear understanding of the intricate variables influencing the decking industry’s course. It benchmarks the current state of the market while highlighting emergent opportunities and trends shaping the future of decking in the US.

Key Topics Covered:

1. Executive Summary

2. Short-Term Analysis

Economic ForecastShort-Term Construction OutlookDecking Industry Short-Term Analysis

3. Overview

Historical Market TrendsDecking Board vs. Railing & Accessory TrendsDemand by FunctionDecking BoardsRailings & AccessoriesMarkets OverviewMaterials TrendsVolume Demand (Lineal Feet)Market ValueInstallation Trends (Professional vs. DIY)Decking Substructure Market OutlookPricing & InflationForeign Trade & Tariffs

4. Factors Impacting Decking Demand

Construction Industry OutlookLifecycle CostsDecking Installation & Labor ShortagesBuilding CodesSustainability InitiativesTimber Harvesting & Forest ManagementRecycling & Use of Recycled ContentRegulation of Wood PreservativesStyle Trends & Aesthetics

5. Wood Decking

Demand Outlook: Real Growth & Market ValueTypes of WoodDemand by Wood TypePressure-Treated WoodRedwoodCedarTropical Hardwood & Other Wood TypesNew Build vs. Renovation

6. Composite Decking (Wood-Plastic)

Demand Outlook: Real Growth & Market ValueDemand by Plastic TypeNew Build vs. RenovationDemand by Surface Treatment

7. Plastic, Metal, & Other Decking

Plastic DeckingScope & Product DescriptionDemand Outlook: Real Growth & Market ValueDemand by Plastic TypeVinylVinyl Decking by FunctionVinyl Decking by TypePolyethyleneOther Plastics (Polypropylene & Other Plastics)New Build vs. RenovationMetal & Other Decking MaterialsScope & Product DescriptionDemand Outlook: Real Growth & Market ValueNew Build vs. Renovation

8. Residential Decking Market

ApplicationsDemand by ApplicationNew ConstructionRenovationHousing TypesDemand by Housing TypeSingle-Family HousingMultifamily HousingManufactured Housing

9. Commercial Decking Market

10. Nonbuilding (Waterfront & Amusement)

11. Regions

12. Industry Structure

Key Findings & Industry CompositionMarket ShareMergers & AcquisitionsNew Product DevelopmentMarketingDistributionList of Industry Participants

For more information about this report visit https://www.researchandmarkets.com/r/ed0l81

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