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Wooden Decking Market Analysis

Report ID: GMI3771
Published Date: Jul 2023
Report Format: PDF

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Wooden Decking Market Analysis

The pressure-treated wood segment of wooden decking market is slated to record around 2.8% CAGR through 2032, owing to product’s durability, cost-effectiveness, and widespread availability. In addition, in recent years, there has been a shift towards alternative decking materials, propelled by concerns over the chemicals used in the pressure-treatment process and the environmental impact. While pressure-treated wood continues to account for a significant portion of the market, manufacturers are responding to the consumer concerns by developing more eco-friendly treatment methods and exploring alternative decking options that provide similar durability and aesthetics without the use of chemicals.

The residential segment will hold more than 70% share in wooden decking market by 2032. With the growing popularity of outdoor entertainment and relaxation areas, residential customers are increasingly investing in wooden decking to create functional and visually appealing outdoor environments. Whether it's for a backyard patio, a poolside deck, or a rooftop terrace, consumers value the natural beauty, versatility, and warmth that wooden decking provides. The option of choosing from a wide range of decking options, finishes, and designs to suit different architectural styles will favor the segmental growth.

Asia Pacific wooden decking market size is projected to grow at a rapid pace over 2023-2032. The large population, rapid urbanization, and increasing disposable income have fueled the demand for outdoor living spaces, driving the adoption of wooden decking. According to a report by the World Bank, East Asia & Pacific has an average annual rate of urbanization of 30%, making it the most rapidly urbanizing region. Additionally, there is cultural significance of outdoor areas in many Asian countries. Growing awareness about sustainable practices and the availability of cost-effective wood variants, in consort with presence of service provider offering a wide range of decking solutions tailored consumer needs is positively swaying the industry dynamics in Asia Pacific.

Authors: Avinash Singh, Sunita Singh

Frequently Asked Questions (FAQ) :

The market size of wooden decking is estimated to grow at a CAGR of over 5% during 2023 and 2032, backed by the growing trend of outdoor living spaces.

The residential segment will hold more than 70% share of wooden decking market by 2032. With the growing popularity of outdoor entertainment and relaxation areas, residential customers are increasingly investing in wooden decking.

Asia Pacific wooden decking market size is projected to observe at a rapid pace over 2023-2032, backed by the large population, rapid urbanization, and increasing disposable income.

Vetedy Group, Koppers, Inovar Floors, Alfresco Floors, United Construction Products, Trex Company, Inc., Metsa Wood, Kebony, DuraLife, AZEK Building Products, Fiberon, Universal Forest Products, Humboldt Redwood Company, and Thermory AS, among others.