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    North American Decks And Railings Market Report

    North American Decks And Railings Market Report
    Report code - SR1160 Published On : Oct,2021 No. of Pages: 130
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    North American Composite Decks and Railings Market Size, Share, Trend, Forecast, Competiti See more...

    Impact of COVID-19 on North American Decks And Railings Market

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

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    Impact of COVID-19 on North American Decks And Railings 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 Highlights

    The North American region has witnessed an exceptional increase in the penetration of composites in the applications of decks and railings over the years. North America has an installed base of 40 million wood decks, creating plenty of room for composite decks to further penetrate the region’s market. Also, there has been increasing demand for home goods and remodeling with residents are interested in do-it-yourself (DIY) and outdoor living projects. In addition to that, the demand for sustainable materials will drive the composite decks and railings market.

    Unlike other construction markets, where the sudden outburst of the pandemic collapsed the demand across regions, here, in the composite deck and railings market, manufacturers represented uncharted territory with over 9.0% growth in 2020. The region’s market registered a decline in the first two quarters and marked excellent recovery in the next two quarters. In the long term, the North American market for composite decks and railings is subjected to grow at a healthy CAGR of 5.9% over the next five years to reach US$ 2.7 billion by 2026.

    Market Segments' Analysis

    For ease of analysis, the North American composite decks and railings market is segmented into six types, namely Product Type, Type, Resin Type, Application Type, Sales Type, and Countries. Based on the product type, the market is segmented as deck and railings. Deck is expected to grow at a higher pace in the market during the forecast period since the decking products deliver various advantages, such as resistance to insects and molds and low maintenance costs. Furthermore, as decking products are fade-resistant and offer stain resistance, it becomes convenient to clean them, and also they have high color retention.

    Based on the type, the market is segmented as Capped Composites and Uncapped Composites. Capped Composites are expected to grow at a higher pace in the market during the forecast period owing to their characteristics, such as confrontation to breakage, decomposing, development of mold & mildew, and color diminishing. Capped composites also deliver ultra-low maintenance cost and premium aesthetics against natural wood decking and railing products. They are extensively employed in residential and non-residential applications, owing to their physical properties.

    Based on the resin type, the market is segmented as polyethylene, polypropylene, polyvinyl chloride, and others. The polyethylene segment accounts for the largest market share of the global composite decks and railings market. Polyethylene resin has elevated strength and sturdiness, which is suitable for residential application, necessitating a joist 16 inch on center. The polypropylene segment is estimated to be the fastest-growing resin type during the forecast period. They confront thermal expansion & contraction, enabling them to be suitable in the manufacturing of composite decking & railing in elevated temperature regions.

    Based on the application type, the composites decks and railings market is segmented as Residential and Non- Residential. The polyethylene segment accounts for the largest market share of the composite decking and railings market. Polyethylene resin has elevated strength and sturdiness, which is suitable for residential application, necessitating a joist 16 inch on center. Polypropylene is estimated to be the fastest-growing resin type during the forecast period. They confront thermal expansion & contraction, enabling them to be suitable in the manufacturing of composite decking & railings in elevated temperature regions.

    In terms of countries, The USA remains the biggest demand generator for composite decks and railings in the region in the foreseen future. The country is also the largest procurer of wood decks and railings, the biggest market segment of decks and railings. Canada, another major market, is also likely to generate a sizeable demand for composite decks and railings in the years to come. There has been a growing acceptance of composite decks and railings in both countries over the years. 

    Key Players

    The market for composites decks and railings is gradually consolidating with major companies that are performing mergers & acquisitions to quickly gain the leading position and to tap the growing opportunities in this expanding market. For instance, in May 2011, the leading composite decking company; Iron Deck was acquired by a leading composite deck manufacturer; Trex Company. Some of the major key players in the North American composite decks and railings market are listed below. 

    • Trex Company
    • The Azek Company
    • Fiberon LLC
    • Advantage Trim & Lumber
    • Barrette Outdoor Living
    • Cali Bamboo
    • DuraLife Decking and Railings
    • DassoXTR
    • New TechWood
    • Tamko Building Products Ltd. 

    Research Methodology

    This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s North American composite decks and railings market realities and future market possibilities for the forecast period of 2021 to 2026. The report segments and analyzes the market in the most detailed manner in order to provide a panoramic view of the market. The vital data/information provided in the report can play a crucial role for the market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate the growth strategies to expedite their growth process.

    This report offers high-quality insights and is the outcome of a 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 1000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data. We conducted more than 15 detailed primary interviews with the market players across the value chain in all four regions and industry experts to obtain both 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, New Product Launches, etc.
    • Attractive market segments and associated growth opportunities.
    • Emerging trends.
    • Strategic growth opportunities for the existing and new players.
    • Key success factors.

    The North American composite decks and railings market is segmented into the following categories. 

    North American Composite Decks and Railings Market, by Product Type

    • Deck (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Rail (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    North American Composite Decks and Railings Market, by Type

    • Capped Composite (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Uncapped Composite (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    North American Composite Decks and Railings Market, by Resin Type

    • Polyethylene (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Polypropylene (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Polyvinyl Chloride (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    North American Composite Decks and Railings Market, by Application Type

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

    North American Composite Decks and Railings Market, by Sales to End-User Type

    • Dealers (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Builders/Contractors (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Home Improvement Retailers (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    North American Composite Decks and Railings Market, by Sales to Manufacturer Type

    • One-Step/Direct Distribution (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Two-Step Distribution (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    North American Composite Decks and Railings Market, by Country

    • The USA (Trend and Forecast)
    • Canada (Trend and Forecast)
    • Mexico (Trend and Forecast)
     

    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 three players)
    • SWOT analysis of key players (up to three players)

    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 the 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 to [email protected]

    Frequently Asked Questions (FAQs)

    The Composite Decks and Railings market is estimated to grow at a CAGR of 5.9% by 2026.

    The Azek Company, Trex Company, Fiberon LLC, Advantage Trim & Lumber, DassoXTR, New TechWood, Tamko Building Products Ltd., Barrette Outdoor Living, DuraLife Decking and Railings, and Cali Bamboo are the leading players in the North American composite decks and railings market.

    North America is estimated to remain dominant in the global composite decks and railings market in the foreseen future.

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