Decking And Railing Market By Composition (Solid, Hollow), By Product Type (Decking, Railing), By Material (Wood, PVC, Fiber Cement, Composite, Other), By Application (Residential, Non residential): Global Opportunity Analysis and Industry Forecast, 2023-2032
The global decking and railing market was valued at $9,799.6 million in 2020 and is projected to reach $18,051.9 million by 2032, registering a CAGR of 5.8% from 2023 to 2032. Decking and railing complement one another seamlessly to create outdoor areas into comfortable safe spaces. The elevated platform or surface known as decking serves as the basis for outdoor living by bringing indoor comforts into contact with the surrounding environment.
The rise in the number of home remodeling projects globally fuels the growth of the decking and railing market. Many remodeling projects involve updating and upgrading existing decks and railing systems. As decking and railing materials age or become outdated, homeowners may opt to replace them with newer, more durable, and visually appealing options. This leads to increased sales of decking and railing products, as homeowners invest in modernizing and enhancing their outdoor spaces. Moreover, the demand for decking and railing materials will rise as a result of the increase in new home building. There are several uses for decking and railing solutions due to the range of residential developments being conducted. This includes common rooftop decks, balconies, patios, and terraces in addition to classic backyard decks. As a result, a wider range of demands and tastes can be met by the decking and railing sector. For instance, in March 2023, DLF, a reputable real estate development company, will invest $425 million over the following four years in the creation of a new luxury housing project in Gurugram, India, in order to accommodate the growing demand for residential houses. However, the fluctuating cost of raw materials used for manufacturing decking and railing is expected to have a negative impact on market growth.
The decking and railing market is segmented on the basis of composition, product type, material, application, and region. By composition, the market is bifurcated into solid and hollow. Furthermore, the product type segment is further categorized into Decking and Railing. Depending on the material, the market is categorized into wood, PVC, fiber cement, composite, and others. Region-wise, it is analyzed across North America (U.S., Canada, and Mexico), Europe (Germany, France, Sweden, UK, and rest of Europe), Asia-Pacific (China, India, Japan, Australia, and rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa).
Competition Analysis
Competitive analysis and profiles of the major players in the decking and railing market are provided in the report. Major companies in the report include Fortress Building Products, LLC, Trex Company, Inc., GREEN BAY DECKING, UPM, Fortune Brands Innovations, Inc. (Fiberon), UFP Industries, Inc., Axion Structural Innovations LLC, Genova Products Inc., Shanghai Seven Trust Industry Co., Ltd., and The AZEK Company Inc. (TimberTech). Major players to remain competitive adopt development strategies such as product launch and partnerships.
Key Benefits For StakeholdersThis report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the decking and railing market analysis from 2020 to 2032 to identify the prevailing decking and railing market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the decking and railing market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global decking and railing market trends, key players, market segments, application areas, and market growth strategies.
Key Market SegmentsBy ApplicationResidential
Non residential
By CompositionSolid
Hollow
By Product TypeDecking
Railing
By MaterialWood
Wood Type
Pressure Treated Wood
Redwood
Cedar
Hardwood
Thermally Modified Wood
PVC
Fiber Cement
Composite
Type
Capped
Uncapped
Resin Type
Polypropylene
Polyethylene
Other
By RegionNorth America
U.S.
Canada
Mexico
Europe
Germany
France
UK
Sweden
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
Rest of Asia-Pacific
LAMEA
Latin America
Middle East
Africa
Key Market Players
UPM
Trex Company, Inc.
GREEN BAY DECKING
Fortune Brands Innovations, Inc. (Fiberon)
UFP Industries, Inc.
Axion Structural Innovations LLC
Genova Products Inc.
Shanghai Seven Trust Industry Co., Ltd.
The AZEK Company Inc. (TimberTech)
Fortress Building Products, LLC
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