According to a new report published by Introspective Market Research, titled, “Wooden Decking Market by Type, Construction Type, Application, End User, Distribution Channels: Global Opportunity Analysis and Industry Forecast, 2024–2032,”
The wooden decking industry and market comprise the production, distribution, and sale of wooden decking materials and related goods. It includes several types of wood decking materials, construction methods, applications, and client gatherings. The wooden decking market has grown in importance as a result of factors such as the growing demand for outdoor living areas, the interest in appealing and eco-friendly decking options, and the increasing number of development and remodel projects in private, commercial, and modern settings.
Wood decking is commonly used to renovate and expand outdoor living spaces such as patios, showcases, gardens, rooftops, and poolside areas. It provides a comfortable and inviting environment for a variety of activities such as relaxing, eating, mixing, and participating in social events. Wooden decking is commonly used to enhance outdoor living spaces such as yards, exhibits, nurseries, rooftops, and swimming areas.
The growing popularity of outdoor living has boosted the global wooden decking market. As of late, there has been a significant shift in lifestyle choices, as more individuals seek to cultivate appropriate and appealing outdoor spaces that serve as an extension of their living spaces. This development has increased the demand for wooden decking materials, which provide an excellent approach for working on outdoor spaces. The desire for a deeper connection with nature contributes to this habit. Because of urbanization and the fast pace of modern life, many people are looking for comfort in their surrounding areas.
Eco-friendly and sustainable decking materials are becoming increasingly popular. As environmental concerns gain prominence, customers are increasingly seeking decking options that align with their values. This allows businesses to design and sell decking products made from recovered or reused wood, as well as study innovative materials like bamboo or thermally modified wood. Organizations can attract a larger client base that values maintainability by providing eco-friendly options. Adding outdoor living spaces to the home can increase item contributions beyond traditional decking options. Clients are increasingly looking for adaptable alternatives that extend beyond traditional decking sheets.
Global Wooden Decking Market, Segmentation
The Wooden Decking market is segmented on the basis of Type, Construction Type, Application, End User, Distribution Channels, and region.
Type:
The type segment is further classified into Pressure-treated Wood, Redwood, Tropical Hardwood, Cedar, Wood-Plastic Composites, Others. Among these, the Pressure-treated Wood sub-segment accounted for the highest market share in 2023. Pressure treated wood is expected to be the prominent segment in the wooden decking market during the forecast period. Pressure-treated wood refers to wood that has been artificially treated to increase its strength, resistance to rot, pests, and durability. There are several reasons why pressure-treated wood is expected to lead the market. When compared to other decking materials, it is an obvious practical choice.
Construction Type:
The Construction Type segment is further classified into New Construction and Renovation and Repair. Among these, the New Construction sub-segment is anticipated to show the fastest growth by 2032. New construction projects stimulate significant demand for wooden decking. There are a few reasons why the new Construction part has a higher offer. New construction projects, such as private residences, commercial buildings, and outdoor entertainment areas, frequently necessitate decking to enhance their aesthetic appeal and use.
Region:
The Wooden Decking market in North America is projected to show the fastest growth by 2032. This region includes countries such as the United States and Canada, where decking is widely used in outdoor spaces. A few factors contribute to North America's strength on the alert. Right away, North America has areas of strength for outdoor living and recreation. Many mortgage holders in this area value outside amenities such as porches, decks, and gardens as extensions of their living areas. This sparks a strong interest in decking materials for creating appealing and functional outside spaces. Wood decking, with its natural beauty and warmth, is a popular choice among North American buyers.
Some of the leading Wooden Decking market players are
- Trex Company Inc (US)
- The Azek Company Llc (US)
- Fiberon (US)
- Duralife Decking And Railing Systems (US)
- Long Fence (US)
- Vetedy Group (Belgium)
- Humboldt Redwood Company (US)
- Ufp Industries Inc (US)
- Weyerhaeuser Company (US)
- West Fraser Timber Co. Ltd (Canada), and Other Major Players.
Key Industry Developments
- In April 2024, Trex and REI Co-op worked to expand the signature camping experience around Bryce Canyon National Park. Trex was recently recognized with six different awards for product excellence and innovation from organizations representing audiences and input from across the building arena, including architects, homebuilders, decking contractors, distributors, and dealers, reinforcing its ability to consistently set and raise the bar for the composite decking category and the broader outdoor living sector.
- In November 2023, AZEK Company Inc, a leading manufacturer of low-maintenance outdoor living products such as TimberTech® decking and railing, Versatex® and AZEK® Trim, and StruXure™ pergolas, has sold its Vycom business to Plaskolite, LLC, a global leader in engineering thermoplastics.
Key Findings of the Study / Key Industry Developments.
- Increasing demand for outdoor living spaces and eco-friendly options, alongside lifestyle changes and urbanization, fuel market expansion.
- Rising environmental concerns drive the popularity of sustainable decking materials like recovered wood and bamboo.
- Beyond traditional decking, there's a growing demand for versatile outdoor accessories such as pergolas and chairs.
