United States Wooden Decking Market Forecast 2022-2028

United States Wooden Decking Market Forecast 2022-2028

KEY FINDINGS

The United States wooden decking market is expected to develop with a CAGR of 4.88% during the forecast period. The base year considered for the market study is 2021, and the forecasting years are from 2022 to 2028. The market growth of the country is primarily driven by the increasing focus on renewable energy and transportation, the rapidly-developing construction sector, and the rise in residential as well as commercial construction projects.

MARKET INSIGHTS

As a multi-faceted procedure, wood decking involves the installation of a layer of quality materials to structural or building exteriors. In addition to delivering thermal insulation, it also helps protect the structure from harsh climatic conditions. Wooden decks are made from pressure-treated wood, tropical hardwood, redwood, cedar, wood-plastic composites (WPC), as well as other materials.

According to the Associated General Contractors of America (AGC), the construction industry in the United States contributes greatly to the economy of the country. Annually, the construction sector generates over $1.4 trillion in terms of revenue. However, between 2019 and 2020, the total construction in the United States, collectively including residential and non-residential, declined by around 0.2%. On the other hand, private construction investment in the nation continued to surge in 2020. In the same year, some of the highest levels were ever recorded in the construction of private residential and non-residential structures. As a result, the aforementioned factors are set to propel the United States wooden decking market growth over the forecast period.

COMPETITIVE INSIGHTS

Some of the top companies operating in the market are Azek Company Inc, Sawmill Company LLC, Weyerhaeuser Company, etc.

Our report offerings include:
Explore key findings of the overall market
Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges)
Market forecasts for a minimum of 9 years, along with 3 years of historical data for all segments, sub-segments, and regions
Market Segmentation cater to a thorough assessment of key segments with their market estimations
Geographical Analysis: Assessments of the mentioned regions and country-level segments with their market share
Key analytics: Porter’s Five Forces Analysis, Vendor Landscape, Opportunity Matrix, Key Buying Criteria, etc.
Competitive landscape is the theoretical explanation of the key companies based on factors, market share, etc.
Company profiling: A detailed company overview, product/services offered, SCOT analysis, and recent strategic developments