Teak Decking Market Outlook for 2023 to 2033

The global teak decking market size reached US$ 793.5 million in 2018. The global demand for teak decking is expected to reach US$ 871.6 million in 2023. Over the assessment period 2023 to 2033, global teak decking sales are projected to record 4.6% CAGR. Revenue is set to reach US$ 1,366.1 million by 2033 end.

Increasing demand for teakwood from the marine sector is likely to fuel growth in the global market. Teakwood is widely known for its exceptional durability, natural resistance to water, and appealing aesthetics. These factors make it a preferred choice for decking materials in the marine sector. Teak's ability to withstand harsh marine conditions, including saltwater exposure and extreme weather, makes it the ideal choice for decking applications.

The teak decking market is expected to witness substantial growth during the forecast period. due to the increasing demand for luxury marine vessels, particularly yachts and boats. The market is anticipated to continue to benefit from this trend through 2033.

Teakwood, with its opulent appearance and exceptional durability, has become synonymous with luxury and exclusivity. This makes it the decking material of choice for discerning yacht owners. Yacht owners and boat enthusiasts are drawn to the timeless elegance and prestige that teak decking imparts to vessels it is used in.

Increasing environmental concerns have led to a shift towards sustainable sourcing and responsible forest management practices for teak wood. The market has also seen a rise in the popularity of synthetic teak alternatives due to their lower maintenance requirements and reduced environmental impact.

Technological advancements have introduced digital design tools that allow customers to visualize and customize their teak decking layouts before making a purchase decision. Consumers are seeking unique designs and patterns for their teak decks, driving the demand for personalized and customizable options.

Companies are developing innovative maintenance solutions to prolong the life of teak decks, addressing issues such as fading, discoloration, and wear. Teak remains a preferred choice for boat manufacturers, and the growth of the leisure boating sector positively affects the demand for teak decking. These factors are projected to drive demand for global teak decking solutions during the forecast period.

Attributes Key Insights
Total Sales Value (2022A) US$ 838.7 million
Projected Market Valuation (2023E) US$ 871.6 million
Market Projections (2033F) US$ 1,366.1 million
Value CAGR (2023 to 2033) 4.6%
Collective Value Share: Top 3 Countries (2023E) 43.5%

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Historical Performance of Teak Decking Market

The market witnessed a CAGR of 1.4% over the historical period of 2018 to 2022. The global market greatly benefitted from the maritime and construction sectors over this period.

For the forecast period 2023 to 2033, the market is expected to surge with a significant growth rate of 4.6%. The expansion of the tourism and travel sector is anticipated to bolster the demand for decking materials. The growth of the construction sector, where teak wood is used for several applications, is projected to boost the sales for teak in the Asia Pacific region.

Teak has been prized for centuries due to its durability and natural resistance to decay. It became popular for shipbuilding and outdoor furniture due to its ability to withstand harsh environments. In the 20th century, the demand for teak surged with the growth of the shipbuilding industry. Teak decks were used on luxury yachts and naval vessels for their elegance and strength.

As teak forests dwindled and environmental concerns grew, the sourcing of teak became more regulated. Illegal logging and unsustainable practices led to conservation efforts and certification systems to ensure responsible sourcing. As teak became scarcer and more expensive, alternative materials like synthetic teak and other hardwoods gained popularity in the decking market.

Teak prices have been volatile due to changes in supply, demand, and regulations. Economic factors and shifts in consumer preferences have also influenced market dynamics. Despite alternatives, teak retained a niche market due to its unique properties and aesthetics. High-end boat builders and luxury outdoor furniture manufacturers continued to use teak for its premium appeal.

With growing awareness of deforestation and the need for sustainable practices, teak sourcing came under scrutiny. Customers began favoring products from well-managed and certified forests. In recent years, there has been a push towards using reclaimed and salvaged teak. Not only does this offer a more sustainable option but it also adds a unique character to the decking.

Key Trends in the Market Listed by Future Market Insights (FMI)

Growing Demand for High-quality and Durable Materials

Teak wood offers superior qualities and is a popular choice for wood used in making yachts in the nautical landscape. It offers an aesthetic appeal in exterior spaces, making it the best solution for boat and yacht decking. Teak wood possesses natural oil and silica, which makes it highly resistant to insects, decay, and harsh weather conditions.

Teak wood’s durability ensures that teak decking can withstand the harsh marine environment while delivering performance. Teak wood is an ideal choice for the marine sector, where boat and yacht owners prefer teak wood. Teak decking is used in their watercraft as teakwood provides strength and qualities superior to other woods.

Teak Decking to Elevate Hospitality and Tourism Experiences

Teak decking plays a significant role in the tourism and hospitality sector, especially in destinations with coastal or waterfront properties. Its extraordinary properties make it suitable for use in different applications. Teak decking adds a touch of beauty and elegance to walkways, pool decks, and seating areas of hospitality establishments. It also enhances the outdoor spaces of the hotels and resorts.

Teak decking around the pool area, garden pathways, patios, beachfront walkways, and others provide appealing visuals to the guests. It is a durable wood with low maintenance.

For high-end hotels and resorts, the use of teak wood and teak decking can help differentiate their brand and add a unique selling point. It provides a premium experience to guests with a natural touch of elegance.

Nikhil Kaitwade
Nikhil Kaitwade

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Factors that Might Hinder Market Growth

  • Environmental Concerns:

Teak is often harvested from tropical rainforests, raising sustainability and deforestation concerns. Responsible sourcing and logging practices are essential to mitigate these issues.

  • Maintenance Intensity:

Teak decking requires regular maintenance to retain its appearance and longevity. This includes cleaning, sanding, and applying protective coatings. This can be time-consuming and costly.

  • Vulnerability to Damage:

Teak wood, while durable, can still be susceptible to damage from UV radiation, moisture, and physical impact. This requires careful handling and protective measures.

  • Color Variation:

Teak wood can exhibit natural color variations, which might not be desirable for customers seeking a consistent appearance.

Country-wise Insights

The United States is expected to hold a significant share in the global market throughout the forecast period. The teak decking industry in Italy, however, is poised to be a close second growing at 5.5% CAGR through 2033. This can be attributed to the country’s extensive boat building infrastructure.

Country Italy
Value-based CAGR (2023 to 2033) 5.5%

Rising Tourism and Recreation Sectors Fueling Demand in the United States

The teak decking market in the United States is expected to witness significant growth during 2023 to 2033. This is due to increasing demand from crucial end-use sectors, like applications in the marine sector. The market in the United States has been prominent in catering to the increasing demand for luxurious boats and yachts. Applications in the tourism and recreation sector are a prominent factor driving growth of the market in the United States.

The country has a presence of several key boat and yacht manufacturing companies, which are key consumers of teak decking solutions. These manufacturers of luxurious yachts and boats utilize high-grade decking materials in their watercraft. This ensures the long-lasting performance and the aesthetic look of the yachts.

The country has leading yacht builders such as Christensen, Trinity, Westport, Derecktor, and others, who build luxurious yachts. With the strong presence of yacht and boat manufacturers in the country, coupled with the expansion of the tourism sector. The teak decking industry is anticipated to propel at a fast pace during the projected timeframe.

A Hub for Yacht Building Manufacturers, Italy to Present Strong Growth

Europe is known for its old-yachting infrastructure. Europe has countries such as Italy, the Netherlands, and others, which are very active in the yacht and boat-building sectors. They are also leading producers of teakwood. Italy is a prominent country in Europe, producing yachts and boats for years. The country is known for its rich maritime heritage and has the presence of the world’s leading boat and yacht builders.

Teakwood and related products are integral parts of the yacht-building sector in Italy. The advantages offered by the wood are exceptional and make it ideal for its usage in the maritime sector.

Benetti, Mangusta, Azimut, Rossinavi, and others are several of the old yacht manufacturers in the country. The expansion of the yacht and boat-building industry in Italy is expected to drive the demand for teak decking solutions. The market in Italy is expected to expand at a CAGR of 5.5% during the forecast period.

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Category-wise Insights

Marine segment is gaining popularity in the global teak decking market. The segment is set to exhibit a CAGR of 5.0% during the forecast period due to rising popularity of marine tourism. On the other hand, FEQ teak segment is also gaining popularity due to its superior quality. The segment is accounted for a CAGR of 4.6% in between 2023 to 2033.

Category Value-based CAGR (2023 to 2033)
Marine (by Application) 5.0%
FEQ (by Grade) 4.6%

Marine Segment to Take Traction due to Growing Tourism Sector

The growing tourism sector is one of the key drivers propelling the teak decking industry, with the increasing popularity of marine tourism and leisure activities. The demand for boats, super boats, and yachts is increasing. The companies involved in marine leisure, are opting for teak decking to enhance the visual appeal and luxury experience. Nothing matches the classic beauty, durability, and warmth of teak decking for yachts and boats.

Teak decks have been an ideal choice for marine vessels and watercraft for decades. Wood offers exceptional properties and works outstandingly in a harsh marine environment. Teakwood is used in the marine sector for reasons such as anti-slip quality, surface temperature maintenance, durability, and luxury. This is because of the long lifespan of teakwood.

The growth of the marine sector and the growing popularity of marine tourism and luxurious feels are expected to favor the sales of teak decking. The segment is anticipated to register a CAGR of 5.0% during the forecast period.

FEQ Segment is Anticipated to Lead the Grade Category

The FEQ segment is expected to accelerate at a significant CAGR of 4.6% from 2023 to 2033. FEQ teak wood is known for its superior quality, appearance, and durability. This makes it highly sought after for various applications, particularly in the marine sector.

FEQ teak wood is known for its zero defects. It does not have any knots, cracks, insect holes, or sapwood, making it more expensive as compared to other grades of teak.

FEQ teak wood is widely used in luxury yacht and boat building for deck surfaces, as it offers superior quality over other wood species. It is often used for decking applications in the marine sector. It is the preferred choice for high-end applications.

Competitive Landscape

Key manufacturers focus on maintaining high-quality teak wood. It will attract customers who are looking for durable and long-lasting decking solutions. They emphasize sustainable and responsible sourcing of teak wood to appeal to environmentally conscious consumers. They constantly work on creating innovative and aesthetically pleasing teak decking designs to cater to diverse consumer preferences.

Recent developments:

  • In March 2023, Renskib will soon make Teak Life, which was released a water-borne, environmentally friendly range of teak finish products, accessible to boat owners all around Europe. Teak Life is intended to provide for a long time preservation and upkeep of teak decks.
  • In April 2022, Teakdecking Systems SLU declares that it and the MB92 Group have reached a collaboration agreement.

Scope of Report

Attribute Details
Forecast Period 2023 to 2033
Historical Data Available for 2018 to 2022
Industry Analysis USD Million for Value and Thousand Square Feet for Volume
Key Countries Covered United States, Canada, Brazil, Mexico, Argentina, Germany, Italy, France, United Kingdom, Spain, BENELUX, Russia, Poland, Hungary, Romania, Czech Republic, China, Japan, South Korea, India, Association of Southeast Asian Nations, Australia and New Zealand, Kingdom of Saudi Arabia, United Arab Emirates, Türkiye, Northern Africa, South Africa
Key Segments Covered Grade, Application and Region
Key Companies Profiled GGI Myanmar; ETT Fine Woods; Teakdecking Systems; Global Teak, Inc (GTI); Mys-Teak Holdings Inc.; Teak Resources Co.; COMILEGNO SRL; Advantage Lumber, LLC; BALAJI TIMBER AND PLYWOOD PRIVATE LIMITED; Friends Timber; Starwood Veneers Pvt. Ltd; Tank Group; ACCORD FLOORS

Teak Decking Market Outlook by Category

By Grade:

  • FEQ (First European Quality)
  • MEQ (Middle East Quality)
  • FAS (Free Along Side)

By Application:

  • Marine
    • Boat Decking
    • Yacht Decking
  • Hospitality and Tourism
    • Pool Decks
    • Walkways
    • Seating Areas
    • Recreational Areas
    • Others
  • Building and Construction
    • Living Spaces
    • Boardwalks
    • Garden Pathways
    • Outdoor Decking
    • Others

By Region:

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • East Asia
  • South Asia and the Pacific
  • Middle East and Africa

Frequently Asked Questions

What is the current size of the global teak decking industry?

The global industry is estimated to reach a valuation of US$ 871.6 million in 2023.

What is the demand outlook for teak decking industry?

The demand is anticipated to witness a growth rate of 4.6% over the forecast period

By 2033 what is the projected size of the teak decking industry?

The global industry is expected to reach US$ 1,366.1 million by the end of 2033.

What is the historical CAGR of the global teak decking industry?

Sales of the teak decking registered at 1.4% CAGR in between 2018 and 2022.

What was the industry share of top players in 2022 globally?

The global industry possessed about 15 to 20% share in 2022.

Table of Content

1. Executive Summary

    1.1. Global Market Outlook

    1.2. Demand Side Trends

    1.3. Supply Side Trends

    1.4. Technology Roadmap

    1.5. Analysis and Recommendations

2. Market Overview

    2.1. Market Coverage / Taxonomy

    2.2. Market Definition / Scope / Limitations

3. Key Market Trends

    3.1. Key Trends Impacting the Market

    3.2. Product Innovation / Development Trends

4. Key Success Factors

    4.1. Product Adoption / Usage Analysis

    4.2. Product USPs / Features

    4.3. Strategic Promotional Strategies

5. Global Market Demand Analysis 2018 to 2022 and Forecast, 2023 to 2033

    5.1. Historical Market Volume (Th. Sq. Feet) Analysis, 2018 to 2022

    5.2. Current and Future Market Volume (Th. Sq. Feet) Projections, 2023 to 2033

    5.3. Y-o-Y Growth Trend Analysis

6. Global Market - Pricing Analysis

    6.1. Regional Pricing Analysis By Grade

    6.2. Global Average Pricing Analysis Benchmark

7. Global Market Demand (in Value or Size in US$ million) Analysis 2018 to 2022 and Forecast, 2023 to 2033

    7.1. Historical Market Value (US$ million) Analysis, 2018 to 2022

    7.2. Current and Future Market Value (US$ million) Projections, 2023 to 2033

        7.2.1. Y-o-Y Growth Trend Analysis

        7.2.2. Absolute $ Opportunity Analysis

8. Market Background

    8.1. Macro-Economic Factors

        8.1.1. Global Economic Growth Outlook

        8.1.2. Global Real GDP Overview

        8.1.3. Global Manufacturing Value Added Outlook

        8.1.4. Global Construction Industry Overview

        8.1.5. Global Roundwood Consumption Forecast

        8.1.6. International Tourist Trips Overview

        8.1.7. Other Macro-Economic Factors

    8.2. Forecast Factors - Relevance & Impact

    8.3. Value Chain

        8.3.1. List of Manufacturers

        8.3.2. List of Distributors

        8.3.3. List of Probable End Users

        8.3.4. Avg. Profitability Margins

    8.4. COVID-19 Crisis – Impact Assessment

        8.4.1. Current Statistics

        8.4.2. Short-Mid-Long Term Outlook

        8.4.3. Likely Rebound

    8.5. Market Dynamics

        8.5.1. Drivers

        8.5.2. Restraints

        8.5.3. Opportunity Analysis

    8.6. Global Production Consumption Analysis

    8.7. Key Regulations & Certifications

    8.8. Trade Scenario (HS Code 440342 Teak Wood)

    8.9. Pest & Porter’s Five Forces Analysis

9. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Grade

    9.1. Introduction / Key Findings

    9.2. Historical Market Size (US$ million) and Volume Analysis By Grade, 2018 to 2022

    9.3. Current and Future Market Size (US$ million) and Volume Analysis and Forecast By Grade, 2023 to 2033

        9.3.1. FEQ (First European Quality)

        9.3.2. MEQ (Middle East Quality)

        9.3.3. FAS (Free Along Side)

    9.4. Market Attractiveness Analysis By Grade

10. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By End Use Industry

    10.1. Introduction / Key Findings

    10.2. Historical Market Size (US$ million) and Volume Analysis By End Use Industry, 2018 to 2022

    10.3. Current and Future Market Size (US$ million) and Volume Analysis and Forecast By End Use Industry, 2023 to 2033

        10.3.1. Marine

            10.3.1.1. Boat Decking

            10.3.1.2. Yacht Decking

        10.3.2. Hospitality & Tourism

            10.3.2.1. Pool Decks

            10.3.2.2. Walkways

            10.3.2.3. Seating Areas

            10.3.2.4. Recreational Areas

            10.3.2.5. Others

        10.3.3. Building & Construction

            10.3.3.1. Living Spaces

            10.3.3.2. Boardwalks

            10.3.3.3. Garden Pathways

            10.3.3.4. Outdoor Decking

            10.3.3.5. Others

    10.4. Market Attractiveness Analysis By End Use Industry

11. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, by Region

    11.1. Introduction

    11.2. Historical Market Size (US$ million) and Volume Analysis By Region, 2018 to 2022

    11.3. Current Market Size (US$ million) and Volume Analysis and Forecast By Region, 2023 to 2033

        11.3.1. North America

        11.3.2. Latin America

        11.3.3. East Asia

        11.3.4. Western Europe

        11.3.5. Eastern Europe

        11.3.6. South Asia & Pacific

        11.3.7. Middle East & Africa

    11.4. Market Attractiveness Analysis By Region

12. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033

    12.1. Introduction

    12.2. Pricing Analysis

    12.3. Historical Market Size (US$ million) and Volume Trend Analysis By Market Taxonomy, 2018 to 2022

    12.4. Market Size (US$ million) and Volume Forecast By Market Taxonomy, 2023 to 2033

        12.4.1. By Country

            12.4.1.1. United States

            12.4.1.2. Canada

        12.4.2. By Grade

        12.4.3. By End Use Industry

    12.5. Market Attractiveness Analysis

        12.5.1. By Country

        12.5.2. By Grade

        12.5.3. By End Use Industry

13. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033

    13.1. Introduction

    13.2. Pricing Analysis

    13.3. Historical Market Size (US$ million) and Volume Trend Analysis By Market Taxonomy, 2018 to 2022

    13.4. Market Size (US$ million) and Volume Forecast By Market Taxonomy, 2023 to 2033

        13.4.1. By Country

            13.4.1.1. Brazil

            13.4.1.2. Mexico

            13.4.1.3. Argentina

            13.4.1.4. Rest of LATAM

        13.4.2. By Grade

        13.4.3. By End Use Industry

    13.5. Market Attractiveness Analysis

        13.5.1. By Country

        13.5.2. By Grade

        13.5.3. By End Use Industry

14. Western Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033

    14.1. Introduction

    14.2. Pricing Analysis

    14.3. Historical Market Size (US$ million) and Volume Trend Analysis By Market Taxonomy, 2018 to 2022

    14.4. Market Size (US$ million) and Volume Forecast By Market Taxonomy, 2023 to 2033

        14.4.1. By Country

            14.4.1.1. Germany

            14.4.1.2. Italy

            14.4.1.3. France

            14.4.1.4. United Kingdom

            14.4.1.5. Spain

            14.4.1.6. BENELUX

            14.4.1.7. Rest of Western Europe

        14.4.2. By Grade

        14.4.3. By End Use Industry

    14.5. Market Attractiveness Analysis

        14.5.1. By Country

        14.5.2. By Grade

        14.5.3. By End Use Industry

15. Eastern Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033

    15.1. Introduction

    15.2. Pricing Analysis

    15.3. Historical Market Size (US$ million) and Volume Trend Analysis By Market Taxonomy, 2018 to 2022

    15.4. Market Size (US$ million) and Volume Forecast By Market Taxonomy, 2023 to 2033

        15.4.1. By Country

            15.4.1.1. Russia

            15.4.1.2. Poland

            15.4.1.3. Hungary

            15.4.1.4. Romania

            15.4.1.5. Czech Republic

            15.4.1.6. Rest of Europe

        15.4.2. By Grade

        15.4.3. By End Use Industry

    15.5. Market Attractiveness Analysis

        15.5.1. By Country

        15.5.2. By Grade

        15.5.3. By End Use Industry

16. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033

    16.1. Introduction

    16.2. Pricing Analysis

    16.3. Historical Market Size (US$ million) and Volume Trend Analysis By Market Taxonomy, 2018 to 2022

    16.4. Market Size (US$ million) and Volume Forecast By Market Taxonomy, 2023 to 2033

        16.4.1. By Country

            16.4.1.1. China

            16.4.1.2. Japan

            16.4.1.3. South Korea

        16.4.2. By Grade

        16.4.3. By End Use Industry

    16.5. Market Attractiveness Analysis

        16.5.1. By Country

        16.5.2. By Grade

        16.5.3. By End Use Industry

17. South Asia and Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033

    17.1. Introduction

    17.2. Pricing Analysis

    17.3. Historical Market Size (US$ million) and Volume Trend Analysis By Market Taxonomy, 2018 to 2022

    17.4. Market Size (US$ million) and Volume Forecast By Market Taxonomy, 2023 to 2033

        17.4.1. By Country

            17.4.1.1. India

            17.4.1.2. ASEAN

            17.4.1.3. Australia & New Zealand

            17.4.1.4. Rest of South Asia & Pacific

        17.4.2. By Grade

        17.4.3. By End Use Industry

    17.5. Market Attractiveness Analysis

        17.5.1. By Country

        17.5.2. By Grade

        17.5.3. By End Use Industry

18. Middle East and Africa Market Analysis 2018 to 2022 and Forecast 2023 to 2033

    18.1. Introduction

    18.2. Pricing Analysis

    18.3. Historical Market Size (US$ million) and Volume Trend Analysis By Market Taxonomy, 2018 to 2022

    18.4. Market Size (US$ million) and Volume Forecast By Market Taxonomy, 2023 to 2033

        18.4.1. By Country

            18.4.1.1. KSA

            18.4.1.2. UAE

            18.4.1.3. Türkiye

            18.4.1.4. Israel

            18.4.1.5. Northern Africa

            18.4.1.6. South Africa

            18.4.1.7. Rest of MEA

        18.4.2. By Grade

        18.4.3. By End Use Industry

    18.5. Market Attractiveness Analysis

        18.5.1. By Country

        18.5.2. By Grade

        18.5.3. By End Use Industry

19. Country-wise Market Analysis

    19.1. United States Market Analysis

        19.1.1. By Grade

        19.1.2. By End Use Industry

    19.2. Canada Market Analysis

        19.2.1. By Grade

        19.2.2. By End Use Industry

    19.3. Brazil Market Analysis

        19.3.1. By Grade

        19.3.2. By End Use Industry

    19.4. Mexico Market Analysis

        19.4.1. By Grade

        19.4.2. By End Use Industry

    19.5. Argentina Market Analysis

        19.5.1. By Grade

        19.5.2. By End Use Industry

    19.6. Germany Market Analysis

        19.6.1. By Grade

        19.6.2. By End Use Industry

    19.7. Italy Market Analysis

        19.7.1. By Grade

        19.7.2. By End Use Industry

    19.8. France Market Analysis

        19.8.1. By Grade

        19.8.2. By End Use Industry

    19.9. United Kingdom Market Analysis

        19.9.1. By Grade

        19.9.2. By End Use Industry

    19.10. Spain Market Analysis

        19.10.1. By Grade

        19.10.2. By End Use Industry

    19.11. BENELUX Market Analysis

        19.11.1. By Grade

        19.11.2. By End Use Industry

    19.12. Russia Market Analysis

        19.12.1. By Grade

        19.12.2. By End Use Industry

    19.13. Poland Market Analysis

        19.13.1. By Grade

        19.13.2. By End Use Industry

    19.14. Romania Market Analysis

        19.14.1. By Grade

        19.14.2. By End Use Industry

    19.15. Hungary Market Analysis

        19.15.1. By Grade

        19.15.2. By End Use Industry

    19.16. Czech Republic Market Analysis

        19.16.1. By Grade

        19.16.2. By End Use Industry

    19.17. India Market Analysis

        19.17.1. By Grade

        19.17.2. By End Use Industry

    19.18. ASEAN Market Analysis

        19.18.1. By Grade

        19.18.2. By End Use Industry

    19.19. Australia and New Zealand Market Analysis

        19.19.1. By Grade

        19.19.2. By End Use Industry

    19.20. KSA Market Analysis

        19.20.1. By Grade

        19.20.2. By End Use Industry

    19.21. UAE Market Analysis

        19.21.1. By Grade

        19.21.2. By End Use Industry

    19.22. Türkiye Market Analysis

        19.22.1. By Grade

        19.22.2. By End Use Industry

    19.23. Israel Market Analysis

        19.23.1. By Grade

        19.23.2. By End Use Industry

    19.24. South Africa Market Analysis

        19.24.1. By Grade

        19.24.2. By End Use Industry

20. Market Structure Analysis

    20.1. Market Analysis by Tier of Companies

    20.2. Market Concentration

    20.3. Market Share Analysis of Top Players

21. Competition Analysis

    21.1. Competition Dashboard

    21.2. Competition Benchmarking

    21.3. Competition Deep Dive

        21.3.1. GGI Myanmar

            21.3.1.1. Overview

            21.3.1.2. Product Portfolio

            21.3.1.3. Profitability by Market Segments (Product/Channel/Region)

            21.3.1.4. Sales Footprint

            21.3.1.5. Strategy Overview

        21.3.2. ETT Fine Woods

            21.3.2.1. Overview

            21.3.2.2. Product Portfolio

            21.3.2.3. Profitability by Market Segments (Product/Channel/Region)

            21.3.2.4. Sales Footprint

            21.3.2.5. Strategy Overview

        21.3.3. Teakdecking Systems

            21.3.3.1. Overview

            21.3.3.2. Product Portfolio

            21.3.3.3. Profitability by Market Segments (Product/Channel/Region)

            21.3.3.4. Sales Footprint

            21.3.3.5. Strategy Overview

        21.3.4. Global Teak, Inc (GTI)

            21.3.4.1. Overview

            21.3.4.2. Product Portfolio

            21.3.4.3. Profitability by Market Segments (Product/Channel/Region)

            21.3.4.4. Sales Footprint

            21.3.4.5. Strategy Overview

        21.3.5. Mys-Teak Holdings Inc.

            21.3.5.1. Overview

            21.3.5.2. Product Portfolio

            21.3.5.3. Profitability by Market Segments (Product/Channel/Region)

            21.3.5.4. Sales Footprint

            21.3.5.5. Strategy Overview

        21.3.6. Teak Resources Co.

            21.3.6.1. Overview

            21.3.6.2. Product Portfolio

            21.3.6.3. Profitability by Market Segments (Product/Channel/Region)

            21.3.6.4. Sales Footprint

            21.3.6.5. Strategy Overview

        21.3.7. COMILEGNO SRL

            21.3.7.1. Overview

            21.3.7.2. Product Portfolio

            21.3.7.3. Profitability by Market Segments (Product/Channel/Region)

            21.3.7.4. Sales Footprint

            21.3.7.5. Strategy Overview

        21.3.8. Advantage Lumber, LLC

            21.3.8.1. Overview

            21.3.8.2. Product Portfolio

            21.3.8.3. Profitability by Market Segments (Product/Channel/Region)

            21.3.8.4. Sales Footprint

            21.3.8.5. Strategy Overview

        21.3.9. BALAJI TIMBER AND PLYWOOD PRIVATE LIMITED

            21.3.9.1. Overview

            21.3.9.2. Product Portfolio

            21.3.9.3. Profitability by Market Segments (Product/Channel/Region)

            21.3.9.4. Sales Footprint

            21.3.9.5. Strategy Overview

        21.3.10. Friends Timber

            21.3.10.1. Overview

            21.3.10.2. Product Portfolio

            21.3.10.3. Profitability by Market Segments (Product/Channel/Region)

            21.3.10.4. Sales Footprint

            21.3.10.5. Strategy Overview

        21.3.11. Starwood Veneers Pvt. Ltd

            21.3.11.1. Overview

            21.3.11.2. Product Portfolio

            21.3.11.3. Profitability by Market Segments (Product/Channel/Region)

            21.3.11.4. Sales Footprint

            21.3.11.5. Strategy Overview

        21.3.12. Tank Group

            21.3.12.1. Overview

            21.3.12.2. Product Portfolio

            21.3.12.3. Profitability by Market Segments (Product/Channel/Region)

            21.3.12.4. Sales Footprint

            21.3.12.5. Strategy Overview

        21.3.13. ACCORD FLOORS

            21.3.13.1. Overview

            21.3.13.2. Product Portfolio

            21.3.13.3. Profitability by Market Segments (Product/Channel/Region)

            21.3.13.4. Sales Footprint

            21.3.13.5. Strategy Overview

22. Primary Survey Analysis

23. Assumptions and Acronyms Used

24. Research Methodology

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