Global Decking Market 2024-2028
The decking market is forecasted to grow by USD 6272.21 mn during 2023-2028, accelerating at a CAGR of 6.51% during the forecast period. The report on the decking market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by changing lifestyles and increasing use of outdoor living spaces, revival of the construction industry, and increasing replacement of wood with composite decking.
Technavio's decking market is segmented as below:
By Application
- Residential
- Non-residential
By Product
- Composite
- Wood
- Plastic
- Aluminum
By Geographical Landscape
- North America
- Europe
- APAC
- South America
- Middle East and Africa
This study identifies the growing home improvement industry as one of the prime reasons driving the decking market growth during the next few years. Also, the rising adoption of prefabricated construction solutions and the increasing need for customized decking will lead to sizable demand in the market.
The report on the decking market covers the following areas:
- Decking market sizing
- Decking market forecast
- Decking market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading decking market vendors that include Advantage Trim and Lumber Co., Beologic N.V., CRH Plc, Fortune Brands Innovations Inc., Hardy Smith Designs Pvt. Ltd., Humboldt Redwood Company LLC, James Latham Plc, JSW STEEL Ltd., METSA GROUP, NewTechWood America Inc., Saraswati Wood Pvt. Ltd, The AZEK Co. Inc., Timber Holdings USA, Trex Co. Inc., UFP Industries Inc., UPM-Kymmene Corp., VETEDY GROUP, West Fraser Timber Co. Ltd., Weyerhaeuser Co., and Xylos Arteriors India Pvt Ltd. Also, the decking market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.