Global Outdoor Wooden Decking Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Outdoor Wooden Decking Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Market Overview:

The latest research study on the global Outdoor Wooden Decking market finds that the global Outdoor Wooden Decking market reached a value of USD 4544.28 million in 2022. It’s expected that the market will achieve USD 4856.36 million by 2028, exhibiting a CAGR of 1.11% during the forecast period.

Drivers

The ever-changing lifestyle and increasing use of outdoor living spaces are considered to be one of the main factors driving the growth of the global outdoor wood decking market. Wood floor decoration is used to expand homes and gardens due to its aesthetics. Among the residents of the United States and Canada, a backyard wooden deck is a popular place for people to relax and dine. Residential buyers also prefer wooden floors for their aesthetics and low cost. In addition, it is also used in non-residential applications such as hotel terraces, boardwalks, balconies, leisure centers, terraces, and theme parks to make effective use of open spaces. With the increase in per capita income, consumer preferences for green buildings and continued investment in commercial real estate, the construction of new homes in various countries is also increasing. Therefore, the rapid growth of the construction industry had driven the growth of the outdoor wood decking market.
Due to its beautiful texture and diverse appearance, Cumaru is often referred to as Brazil Teak. Cumaru wood is very resistant to decay and insects. It is resistant to mold and termites. It is chemical-free, resistant to storms and ultraviolet rays from the sun and does not bend under pressure. It is an ideal material choice for external projects (such as wooden decks, outdoor furniture, pergola, gazebo,boardwalks, etc.). Cumaru Decking requires no frequent repairs and maintenance, and the color is warm and enticing, providing a cost-effective and long-lasting decoration. Cumaru decking can also age gracefully and last for a long time for the owner. These factors are responsible for the growth of Cumaru wood in the outdoor decking market.

Region Overview:

From 2023-2028, North America is estimated to witness robust growth prospects.

Company Overview:

The top three companies are West Fraser Timber, Universal Forest Products and Great Southern Wood with the revenue market share of 7.78%, 5.17% and 3.26% in 2018.

West Fraser Timber Co. Ltd. is a Canadian forestry company founded in 1955 and headquartered in Quebec, Canada. West Fraser is a leading diversified wood products company with more than 45 manufacturing facilities operating in western Canada and the southern United States. Today, the company has become one of the largest timber manufacturers in North America and has established a leadership position in sustainable forestry, efficient wood product manufacturing and manufacturing innovation.

Universal Forest Products, Inc., is a U.S.-based global corporation that finds reward in its roots and its hard-earned success. Founded in 1955 as a supplier of lumber to the manufactured housing industry, Universal today is a multibillion-dollar holding company with subsidiaries around the globe that serve three robust markets: retail, industrial and construction.

Segmentation Overview:

Among different product types, Pressure-treated Wood segment is anticipated to contribute the largest market share in 2028.

Application Overview:

By application, the Residential segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Outdoor Wooden Decking market covered in Chapter 3:

Great Southern Wood
Metsä Group
Cox Industries
East Teak Fine Hardwoods
Setra Group
Universal Forest Products
Weyerhaeuser Company
West Fraser Timber
Advantage Trim & Lumber Company
Vetedy Group

In Chapter 4 and Chapter 14.2, on the basis of types, the Outdoor Wooden Decking market from 2018 to 2029 is primarily split into:

Cumaru Wood
Tropical Hardwood
Pressure-treated Wood
Redwood
Cedar
Others

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Outdoor Wooden Decking market from 2018 to 2029 covers:

Residential
Non-residential

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)