Insights on the Wooden Decking Global Market to 2027 - Investments in Hospitality & Leisure Projects to Propel Growth in Wooden Decking Market - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "Wooden Decking - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.

The global market for Wooden Decking estimated at US$7.2 Billion in the year 2020, is projected to reach a revised size of US$8.7 Billion by 2027, growing at a CAGR of 2.6% over the analysis period 2020-2027.

Pressure-Treated Wood, one of the segments analyzed in the report, is projected to grow at a 3% CAGR to reach US$4.1 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Redwood segment is readjusted to a revised 2.3% CAGR for the next 7-year period. This segment currently accounts for a 34.4% share of the global Wooden Decking market.

The U.S. Accounts for Over 36.1% of Global Market Size in 2020, While China is Forecast to Grow at a 3.7% CAGR for the Period of 2020-2027

The Wooden Decking market in the U.S. is estimated at US$2.6 Billion in the year 2020. The country currently accounts for a 36.12% share in the global market. China, the world second largest economy, is forecast to reach an estimated market size of US$1.2 Billion in the year 2027 trailing a CAGR of 3.7% through 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 1.8% and 2.8% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 2.2% CAGR while Rest of European market (as defined in the study) will reach US$1.2 Billion by the year 2027.

Cedar Wood Segment Corners a 14.4% Share in 2020

In the global Cedar Wood segment, USA, Canada, Japan, China and Europe will drive the 2.5% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$840.7 Million in the year 2020 will reach a projected size of US$997 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$773.3 Million by the year 2027, while Latin America will expand at a 3% CAGR through the analysis period.

Select Competitors (Total 99 Featured) -

• Cox Industries, Inc.
• James Latham PLC (Lathams Ltd.)
• Metsa Group
• Setra Group AB
• Universal Forest Products, Inc.
• UPM-Kymmene Corporation
• Vetedy Group
• West Fraser Timber Co., Ltd.
• Weyerhaeuser Company

Key Topics Covered:

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

• Impact of COVID-19 Pandemic and a Looming Global Recession
• Year 2021 in Review and Near-term Outlook
• Prolonged Pandemic, Ukraine-Russia Conflict and Ensuing Economic Disruptions Impact Growth Outlook
• COVID-19-Led Economic Downturn Weighs on Construction Sector, Affecting Wooden Decking Market
• COVID-19 Impact on Select Regional Construction Sectors
• Swift Improvement in Real-Estate Fundamentals to Boost Wooden Decking Demand
• Competitive Scenario
• Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
• An Introduction to Wooden Decking
• Global Market Prospects & Outlook
• Pressure-Treated Wood: The Leading Segment
• Residential Construction Sector to Continue Driving Market Gains
• Developed Regions Lead, Developing Economies to Spearhead Future Growth
• Mega Trends Benefiting Market Demand Summarized
• World Brands
• Recent Market Activity

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

• Myriad Benefits of Wooden Decks Support Market Growth
• Notable Trends in the Deck Industry Poised to Impact Wooden Decking Demand
• Rising Residential Construction Projects & Move Towards Luxury Homes to Fuel Market Gains
• Increasing Disposable Incomes and Rising Standards of Living Drive Consumers towards Wooden Decks
• Customers Seek More Functionality from Decks
• Surge in Home Renovation Activity Sets Stage for Wooden Decking Products amid COVID-19
• Home Improvement in Upbeat Mood despite Labor Crunch & Inflated Material Prices
• Commercial Sector Demonstrates Growing Preference for Wooden Decks
• Investments in Hospitality & Leisure Projects to Propel Growth in Wooden Decking Market
• Wooden Decks Emerge as Aesthetic & Sustainable Option for Garden Landscaping
• Rising Prominence of Green Buildings Concept: Positive Implications for the Market
• Wood Decking for Direct Sunlight Exposure
• Deck Waterproofing: Key Challenges Facing the Industry
• Natural Wood Decks Face Growing Competition from Composite Decking Products
• Composite Decking Emerges as a Good Alternative to Wood Decks
• Advantages and Disadvantages of Composite and Wood Decking
• Composite Decking Makers Set Focus on Chipping Away Wood Sales with Better Options
• Rising Lumber Prices Contributes to Growing Popularity of Composite Decking

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

IV. COMPETITION

For more information about this report visit https://www.researchandmarkets.com/r/93f5jv