Wood & Competitive Decking
US demand for decking is projected to rise 1.3% annually to 3.6 billion lineal feet valued at $7.1 billion in 2023. Gains will be affected by significant decelerations in residential building construction and improvement and repair activity.
Average decking prices are expected to increase through 2023 due to rising lumber costs and a shift in the product mix toward higher quality materials.
Products are broken out by:
wood
wood-plastic composite, which can be segmented by plastic type and surface
treatment
plastic and other materials
The major market segments analyzed are:
new residential
residential renovation
new commercial
commercial renovation
new nonbuilding
nonbuilding renovation
Scope of the Report
This report covers the scope, size, and growth of the decking market including key industry trends and market segmentation. Historical demand (2008, 2013, and 2018) and forecasts for 2023 and 2028 are presented by material in millions of lineal feet and millions of dollars, and by market in millions of lineal feet. Additionally, decking demand is shown for each US Census region (Northeast, Midwest, South, West). Also included is an analysis of the industry key players and their market shares.
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