Wooden Decking Market To Reach USD 8.34 Billion By 2026
Market Summary Market Size – USD 7.53 Billion in 2018, Market Growth - CAGR of 1.9%, Market Trends – Continuous launch of varied products made of different materials. According to the current analysis of Reports and Data, the global Wooden Decking market was valued at USD 7.53 Billion in 2018 and is expected to reach USD 8.34 Billion by year 2026, at a CAGR of 1.9 %. This report covers the genre of building materials with specific focus on wooden decking. A deck is a flat surface capable of supporting weight, similar to a floor, but typically constructed outdoors. They are often elevated from the ground and are usually connected to buildings.
Market Summary Our Approach Decks are, mainly, of three types namely, wooden decks, composite decks and PVC decks. Composite and PVC decks are decks produced using artificial materials such as plastics. However, they preserve the woody look. Wooden decks, as the name suggests, are decks made purely of wood. These decks are usually used for residential and non-residential interiors and constructions. The wooden decks are of several types such as, redwood, cedar, pressure treated lumber etc. These wooden decking now-a-days come in two forms namely, tiles and panels. Increasing demand of wooden decks for residential interiors has been increasing due to the increase in constructions. This is the major driving factor of the market. However, the growing environmental concerns and availability of alternatives act as the main restraining factors. They are predominantly used as rails and building materials. The continuous construction works has been encouraging this market as well. Request for a sample of this research report @ https://www.reportsanddata.com/sample-enquiry-form/1529
Market Summary Our Approach
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Continuous developments is the developing and under developed countries results in a need for infrastructural development. Thus, there is a rising demand for wooden decks in developing countries. The incessant rise in the demand for construction works as well as residential interiors has been a major driving factor in the market. Factors such as fluctuations in wood and related material prices and availability of substitutes such as plastic decks and wood-polymer composite decks might restrict the growth of the market. New decks on new houses plays a key role in changing the wooden decking landscape and is projected to grow at the second-highest rate during the forecast period. Several technological developments and advancements have developed the quality of the wooden decks making them splinter resistant, rot resistant, durable and sustainable. This has furthermore encouraged demand for wooden decks.
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Market Summary Our Approach Key participants – Universal Forests Products, Weyerhaeuser, West Fraser Timber, Intefor Co., James Latham Plc and Mendocino Redwood Company. Intefor Co. dominates the market.
Type (Revenue, USD Million; 2016–2026) • • • • • • • •
Redwood Decking Cedar Decking Pressure treated Decking Others: Mahogany IPE (Brazilian Walnut) Teak Camaru
Market Summary Our Approach Application (Revenue, USD Million; 2016–2026) Residential Building Constructions Infrastructures End Use (Revenue, USD Million; 2016–2026) Residential Non-residential Commercial Patios Docks Hotels Order Now @ https://www.reportsanddata.com/checkout-form/1529
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