Wooden Decking Market - Growth, Trends, Covid-19 Impact, and Forecasts (2023 - 2028)
The wooden decking market is expected to reach USD 22,283.50 million by the end of this year and is projected to register a CAGR of over 5% during the forecast period.
In 2020, due to the COVID-19 pandemic, most infrastructure projects were shut down for a specified period. Owing to this, the demand for wooden decking was reduced drastically. However, the sector has been recovering well since restrictions were lifted. Growing investments in the construction sector globally and favorable government policies have been leading the market recovery in 2021 and 2022.
Key HighlightsThe wooden decking market is fragmented in nature. Some major companies include The AZEK Company LLC, Trex Company Inc., DuraLife Decking and Railing Systems, Fiberon, and Metsa Wood (not in any particular order).
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