Wooden Decking Market Trends, Segmentation, Outlook, Industry Report to 2027

Wooden decking is steadily becoming a preferred choice of flooring option in residential buildings. These floorings are aesthetically pleasing, easy to maintain and find application in residential properties such as gardens, patio, and porch. Fast progress in the construction sector along with rising disposable incomes in emerging nations is fueling the need for wooden decking in residential sector. Reports suggest that the residential sector is anticipated to hold around 70% of overall market share owing to increasing awareness of energy-efficient building materials.

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Construction activities are propelling across economies like North America and APAC. The trend of green building infrastructure is gripping across these regions. While new investments are being made in the construction as well as renovation of existing buildings. Estimates project that the acceptance of wood decking in developing countries such as Brazil, India, Malaysia, South Africa, China, and Indonesia is projected to accelerate in the years to come.

North America wooden decking market registered 35% of share in 2020 owing to the renovation of old buildings and residential construction activities. The rise in installation of decking in the commercial space could further propel regional product demand.

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Considering rising demand, firms operating in the wooden decking market are creating new products. For instance, in 2020, major industry player, Vetedy Group introduced its new Technideck system, which is a set of elements that allows easy installation of a fully invisibly fixed terrace on an aluminum structure.

The wooden decking market may grow over USD 18.04 billion by 2027. Pressure treated wood decking segment held for around 48% market share in 2020. Pressure treated wood has several beneficial features including low labor cost, excellent durability, cost effectiveness, and low installation cost. It is also chemically treated under pressure in order to make wood more resistant to mold, insects, and rot.

While the non-residential segment is likely to experience significant growth on account of surging usage of wooden decking in hotels, resorts, and offices. Rapid urbanization in developing countries is mainly boosting product adoption in the non-residential space.

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On a global scale, some firms in the wooden decking industry are AZEK Building Products and Vetedy Group, among others. These companies are undertaking various business strategies such as product innovation with unique designs and structures, collaborations, acquisitions, joint ventures and partnerships. In 2021, AZEK announced the launch of innovative products from its premium decking and railing TimberTech brand, consisting of new railing options and the TimberTech AZEK Landmark Collection.