Wooden Decking Market Size By Type (Pressure-Treated Wood, Redwood, Cedar), By Application (Railing, Walls, Floors), By End-user (Residential [New Construction, Repair/Replacement], Non-residential [New Construction, Repair/Replacement]), Industry Analysis Report, Regional Outlook, Application Potential, Price Trends, Competitive Market Share & Forecast, 2021 – 2027

Industry Trends

Wooden Decking Market size valued at USD 15.01 billion in 2020 and will exhibit a growth rate of over 2.7% CAGR from 2021 to 2027. Increasing energy costs and growing awareness of green buildings are projected to boost the demand for wooden products.
 

Wooden decks are flat surfaces that provide stability and can withstand weight. These are commonly used in luxury homes for outdoor applications such as floor design and rails around gardens. It is flexible and can be easy to cut and rearrange into new styles and layouts. These decks offer numerous benefits such as cost-effective, excellent durability, and aesthetic appearance. The types of wood decking include pressure-treated, cedar, redwood, Ipe, and tropical hardwoods.
 

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Increasing in per capita income results in shifting customer aspirations & lifestyles for luxury homes. High discretionary income encourages individuals to invest in home renovation with innovative products & systems. Additionally, the growing demand for energy-efficient products is likely to spur the usage of wooden decking.
 

Rising penetration of wooden decking in the commercial sector, especially in developed regions including North America and Europe, is further driving the overall wooden decking market. Surging commercial construction activities mainly in the U.S., Italy, and Russia have propelled the demand for decks. Wooden decking is widely used for flooring and railing due to its advantages such as aesthetic looks, easy maintenance, strength, and durability.
 

Growing demand for pressure-treated wood will complement the market growth

The pressure-treated wood segment held the largest market share of more than 48% in 2020 and is anticipated to witness 2.8% CAGR through 2027. Pressure-treated wood is largely used owing to its low cost and availability. Southern yellow pine and Douglas fir are most commonly used pressure-treated wood for decks. This wood is mostly made of softwood and undergoes a chemical preservation treatment to make it resistant to insects & moisture.
 

Redwood and cedar are estimated to grow significantly. Cedar is one of the most cost-effective materials used in decking. Additionally, it is resistant to rots, termites, and weathering. Furthermore, redwood is long-lasting, excellent for painting or staining, and does not warp easily. Redwood is roughly 23% stronger than cedar but both perform very well in residential decking. Cedar is cost-efficient compared to redwood. 
 

The increasing application of decking in residential sector will drive the overall market revenue

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The residential category is likely to account for around 70% of the wooden decking market revenue share in 2027. The rising energy cost and growing awareness of energy-efficient housing are propelling product demand in residential construction. Moreover, the rising new construction in several developing economies is anticipated to increase the usage of wooden decking. In India, the construction industry is predicted to report revenue of about USD 1 trillion by 2030, which will further provide new opportunities for wooden decking in the residential segment.
 

The non-residential category is forecast to observe a rapid growth rate of over 2021 to 2027, driven by the growing product adoption in various commercial buildings such as hotels, restaurants, offices, resorts, and marinas. With growing urbanization, commercial construction is increasing in several emerging economies, a key reason influencing the market demand. Furthermore, the development of green buildings and government regulations on the reduction of greenhouse gas emissions will boost the demand for wooden products.
 

Asia Pacific to witness significant growth

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The Asia Pacific wooden decking market is poised to expand at the fastest pace through 2027 propelled by growing construction activities in the region. Several homebuilders and homeowners are installing decking systems in patio and gardens to enhance the aesthetic look of a house.
 

North America dominated the global market and shall exceed revenue of USD 6.4 billion in 2027 impelled by the rising construction industry, especially in the U.S. The growing population in the U.S. is contributing to an increase in residential construction, which will boost the overall consumption of wooden decking. However, rising expenditures in home improvement have significantly influenced the demand for wooden decking in the country.
 

Product expansion is one of the major strategic outlooks of the overall industry

Global wooden decking market players majorly focus on expanding their product range to enhance their business capabilities. Companies are expanding their presence in emerging economies to cater to the increasing need for decking.
 

Some of the key manufacturers include Vetedy Group, Humboldt Redwood Company, Koppers, AZEK Building Products, Inovar Floors, Alfresco Floors, Kebony, United Construction Products, Metsa Wood, DuraLife, Universal Forest Products, and Thermory AS, among others.
 

This market research report on wooden decking includes in-depth coverage of the industry with estimates & forecast in terms of volume in million square feet & revenue in USD billion from 2017 to 2027 for the following segments:

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Market, By Type

• Pressure-treated wood
• Redwood
• Cedar
• Others

Market, By Application

• Railing
• Walls
• Floors
• Others

Market, By End-user

• Residential
  • New construction
  • Repair/Replacement
• Non-residential
  • New construction
  • Repair/Replacement

Market, By Region

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Russia
  • Belgium
• Asia Pacific
  • China
  • India
  • Japan
  • Indonesia
  • South Korea
  • Australia
• Latin America
  • Brazil
  • Mexico
• Middle East & Africa
  • South Africa
  • Saudi Arabia
  • UAE
  • Qatar