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    Wooden Decking Market Report

    Wooden Decking Market Report
    Report code - SRCE299 Delivery - 2 Weeks
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    Wooden Decking Market Size, Share, Trend, Forecast, & Industry Analysis – 2021-2 See more...

    Impact of COVID-19 on Wooden Decking Market

    Covid-19 has impacted the market dynamics, competition, and global...

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    Impact of COVID-19 on Wooden Decking Market

    Covid-19 has impacted the market dynamics, competition, and global supply chain. The revenues have gone down in 2020 and may resume an uptrend gradually from 2021. Companies optimizing their operation and strategy will sustain and beat the competition.

    Note: The summary below might not have included insights on covid impact since we have large number of reports.

    Market Insights

    Wooden Decking market is likely to witness a modest CAGR of 2.8% during the forecast period. Organic growth of the construction industry coupled with rising per capita income, and increasing investment by individuals to provide more aesthetic looks to their residential households as well as workplaces are the major factors for the healthy growth of the market for wooden decking.

    Wooden Decking Market - Snapshot

    Growth

    2.8% for the next five year

    Major Construction Type

    Repairs and Remodeling

    Dominant End-User Type

    Residential

    Region with the highest demand

    North America

    Key Players

    UPM-Kymmene Oyj, Weyerhaeuser Company, West Fraser Timber Co. Ltd., UFP Industries, Inc., Metsä Group, Setra Group AB, James Latham plc, Cox Industries, Inc., Humboldt Redwood Company and Mendocino Redwood Company, and Vetedy Group.

    Segment Analysis

    Wooden-Decking-Market-Dominant-Segments

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    Wooden Decking Market Share: By Construction Type

    Based on the construction type, the market is segmented as repairs & remodeling and new constructions. The repairs & remodeling segment held the larger share of the market in 2020, and is expected to remain dominant during the forecast period. Increasing repairs & remodeling activities to improve the aesthetics of the residential construction sector are the major factors behind the dominance of the segment over the next five years. 

    Wooden Decking Market Share: By End-User Type

    Based on the end-user type, the wooden decking market is segmented as residential and non-residential. The residential segment dominates the market, owing to surge in its demand for improving aesthetics and recreational facilities in the outdoors of residential constructions.

    Wooden Decking Market Share: By Region

    In terms of regions, North America is estimated to be the largest market, whereas Asia-Pacific is projected to be the highest-growing region in the market, fueled by its higher demand in emerging economies of the region such as China, India, and Japan. Highly growing construction industry along with rapid urbanization and rising disposable income in the emerging economies such as China, Japan, and India, are the major growth factors of the Asia-Pacific’s wooden decking market during the forecast period.

    Wooden-Decking-Market-By-Region

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    Market Scope & Segmentation

    Wooden Decking is a flat wooden floor surface constructed outside the residential buildings as extended living areas of the house or as a part of garden landscaping, railings, etc.

    Wooden Deckings should be capable of withstanding weights as they are generally constructed above the ground and are usually covered by railings for safety.

    This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

    Wooden Decking Market Research Report - Features

    Market Segmentation

    5

    Regions Covered

    4

    Countries/Sub-Regions Covered

    12

    No. of Figures & Tables

    >150

    Company Profiles

    10

     

    The wooden decking market is segmented into the following categories. 

    Wooden Decking Market Size, Share, & Forecast, by Wood Type:

    • Pressure-Treated Wood (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Cedar Wood (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Redwood (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Wooden Decking Market Size, Share, & Forecast, by Application Type:

    • Building Material (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Rails & Infrastructure (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Wooden Decking Market Size, Share, & Forecast, by Construction Type:

    • Repairs & Remodeling (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • New Constructions (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Wooden Decking Market Size, Share, & Forecast, by End-User Type:

    • Residential (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Non-Residential (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Wooden Decking Market Size, Share, & Forecast, by Region:

    • North America (Country Analysis: the USA, Canada, and Mexico) 
    • Europe (Country Analysis: Germany, France, the UK, Russia, and Rest of Europe)
    • Asia-Pacific (Country Analysis: China, Japan, India, and Rest of Asia-Pacific)
    • Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

    Wooden-Decking-Market-Segmentation

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    Key Players

    Some of the major players in the wooden decking market are-

    • UPM-Kymmene Oyj
    • Weyerhaeuser Company
    • West Fraser Timber Co. Ltd.
    • UFP Industries, Inc.
    • Metsä Group
    • Setra Group AB
    • James Latham plc
    • Cox Industries, Inc.
    • Humboldt Redwood Company and Mendocino Redwood Company
    • Vetedy Group.

    Research Methodology

    This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.

    Report Features

    This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:

    • Market structure: Overview, industry life cycle analysis, supply chain analysis
    • Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
    • Market trend and forecast analysis
    • Market segment trend and forecast
    • Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
    • Attractive market segments and associated growth opportunities
    • Emerging trends
    • Strategic growth opportunities for the existing and new players
    • Key success factors

    Report Customization Options

    With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

    Company Profiling

    • Detailed profiling of additional market players (up to 3 players)
    • SWOT analysis of key players (up to 3 players)

    Market Segmentation

    • Current market segmentation of any one of the wood types by end-user type.  

    Competitive Benchmarking

    • Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

    Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at sales@stratviewresearch.com

    Frequently Asked Questions (FAQs)

    The wooden decking market is expected to witness an impressive growth of 2.8% CAGR in the foreseeable future.

    UPM-Kymmene Oyj, Weyerhaeuser Company, West Fraser Timber Co. Ltd., UFP Industries, Inc., Mets Group, Setra Group AB, James Latham plc, Cox Industries, Inc., Humboldt Redwood Company and Mendocino Redwood Company, Vetedy Group are among the key players in the wooden decking market.

    North America is expected to be the largest wooden decking market during the forecast period.

    The residential segment dominates the wooden decking market.

    The repairs & remodeling segment is expected to remain dominant in the wooden decking market in the coming years.

    Organic growth of the construction industry coupled with rising per capita income, and increasing investment by individuals to provide more aesthetic looks to their residential households as well as workplaces are the factors driving the growth of wooden decking market.

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