DUBLIN--(BUSINESS WIRE)--The "Global Wooden Decking Market- Segmented by Type, Application, End-user Industry, and Geography - Growth, Trends, and Forecasts (2018-2023)" report has been added to ResearchAndMarkets.com's offering.
The global wooden decking market is expected to register a moderate growth during the forecast period, 2018 to 2023.
People have started to prefer wooden deck floorings, walls, and railings, for the aesthetic beauty they provide to the finished building, along with the feel the natural wood brings with it. Wooden decking is becoming popular with consumers seeking decks that have longevity. Additionally, the residential sector is expanding at a moderate rate in developed nations, such as United States, Japan, and Germany, amongst others, which is also fueling the demand.
The residential construction segment is expected to hold a share of close to 60% of the total market. In North America, the most popular method of residential construction includes the use of wooden frame. North American residential sector is expected to grow by 6% in 2018 and have around 1.3 million units by the end of 2018. Some of the major factors that have aided the growth of the residential segment in the region includes population growth, increase in household formation, strong economic conditions clubbed with low mortgage rates.
Rapid urbanization and increased investments in infrastructural activities in the emerging nations of Asia-Pacific, are expected to favor market growth. Growing awareness about wooden decking among the consumers of the emerging nations, is expected to provide a lucrative opportunity for market growth. In the Asia-pacific region, China is expected to hold the largest share of the market. Growing housing sector in the region acts a major driver for the growth of the market. The housing sector of India contributes approximately 5% to its GDP.
- Sundek Interio
- Bison ip
- Cox Industries Inc.
- Dura Life Decking & Railing Systems
- Humboldt Redwood Company
- James Latham PLC
- Mets Group
- Setra Group
- Universal Forest Products Inc.
Key Topics Covered:
2. Executive Summary
3. Market Insights
4. Market Dynamics
5. Market Segmentation and Analysis
6. Regional Market Analysis
7. Competitive Landscape
8. Company Profiles
For more information about this report visit https://www.researchandmarkets.com/research/4nc2mh/global_wooden?w=4