Wooden Decking Market

Wooden Decking Market Snapshot (2023 to 2033)

The global wooden decking market was valued at USD 7.6 billion in 2022. The industry is gaining pace as companies provide new products with improved features for specific applications in various end use industries and garnering USD 10.4 billion in 2033, recording a CAGR of 2.9% from 2023 to 2033. The market is likely to secure USD 7.8 billion in 2023.

Data Points	Key Statistics
Wooden Decking Market Size Value in 2023	USD 7.8 billion
Wooden Decking Market Forecast Value in 2033	USD 10.4 billion
Global Growth Rate	2.9% CAGR
Forecast Period	2023 to 2033

Key Factors Shaping the Demand Outlook of the Wooden Decking Industry

• Increasing application o wooden decks in the residential sector
• Increasing demand for replacement of old infrastructure in developed nations like North America
• Increasing demand due to growing renovation activities.
• Increasing adoption of eco-friendly sustainable flooring material
• Advancements in flooring material and increased demand for technically advanced wooden decking.

Wooden Decking Market Revenue Analysis from 2018 to 2022 Vs Market Outlook for 2023 to 2033

Historical CAGR (2018 to 2022)	3.8%
Forecast CAGR (2023 to 2033)	2.9%

From 2018 to 2022 the wooden decking market expanded at a CAGR of 3.8%. Wooden decking is highly durable and it enhances the look and feel of the residential and commercial spaces.

The increasing demand for outdoor living spaces and the rapid growth of the construction industry are the major factors expected to drive the growth of the wooden decking market. Wooden decking gaining popularity owing to its durability, aesthetic appeal, and affordability.

The increasing demand for eco-friendly material in flooring is gaining significant traction and is expected to provide an opportunity for growth of the wooden decking market during the forecast period. The wooden decking market is projected to reach USD 10.4 billion by the end of the forecast period.

Which Drivers Underpin Wooden Decking Industry Expansion?

Expanding Residential and Commercial Sectors to Drive the Growth of the Wooden Decking Market

Increasing demand from public infrastructural development projects is expected to provide opportunities for the growth of the market. Increasing government investment in residential projects is also expected to augment the market growth during the forecast period.

The increasing demand for outdoor living spaces like balconies, patios, and decks, is increasing due to changing lifestyles and increased preference for spending time outdoors, which is likely to drive the growth of the wooden decking market in coming years.

Increasing Infrastructural Renovation is Likely to Open New Opportunities for Market Growth

The increasing importance of renovation and patio decor in the decor industry is likely to fuel the wooden decking market growth in the coming years. Increasing renovation activities in urban areas and an increase in the adoption of outdoor entertainment areas by millennial home buyers and increase disposable income fuels the wooden decking solution in the residential sector.

Increased preference for floor covering in luxury homes and increasing demand for durable flooring option is encouraging market players to develop new products. Companies are coming up with improved decking products that are low maintenance. These products are driving the demand for wooden decking and expanding the market growth.

What Are the Key Challenges Faced Wooden Decking Market?

Increased Application of Composite Decking is Likely to Impede the Market Growth

Although there are several advantages to adopting wooden decking, there are numerous obstacles that likely pose a challenge to market growth. The increasing replacement of wooden decking with composite decking may hamper the growth of the market during the forecast period.

Building decks and outdoor spaces with composite decking is gaining popularity as it provides unparalleled beauty, requires minimum care, and has exceptional durability. The increasing availability of another low-cost alternative which in turn expected to hampers the growth of the global market.

Country-wise Insights

Why is the Demand Rising in the United States Wooden Decking Market?

Rapid Growth of the Construction Industry to Boost the Growth of the Wooden Decking Market in the United States

The global wooden decking market is expected to be dominated by North America. The market is anticipated to expand at a CAGR of 2.9% and is expected to accumulate a market value of USD 1.9 billion over the forecast period.

The United States remains the leading consumer of wooden decks. The rapid development of the residential construction sector in the United States is expected to drive the growth of the wooden decking market in the region.

The rapidly growing construction industry in the region led to increasing demand for residential units and single houses in the United States creating an opportunity for the growth of the market. The increasing popularity of outdoor

living spaces and the availability of different wood species suitable for decking drives the market growth in the United States.

How Will the Wooden Decking Market Expand Across the United Kingdom?

Increasing Demand for Sustainable Products to Boost the Growth of the Market in the United Kingdom

The wooden decking sales in the United Kingdom are expected to keep rising with a CAGR of 2.5% and are expected to gain a market value of USD 407.7 million by the end of the forecast period.

The growth of the market in the region is attributed to the increasing focus on sustainability and environmental concerns in the United Kingdom. The companies adopting sustainable production practices and using wood from certified sources to meet the demand for eco-friendly decking material. The changing consumer preferences, increasing urbanization, and increase in the renovation of buildings in the region are expected to provide lucrative opportunities for the growth of the market in the United Kingdom.

What is the Demand Scenario for Wooden Decking in China?

Growing Urbanization to Drive the Growth of the Market in China

China’s wooden decking market is expected to rise at a 2.8% CAGR between 2023 to 2033. The growth forecast for the China market remains positive on account of the increasing demand for low-maintenance and sustainable decking solutions. The market is expected to gain a market value of USD 2.6 billion by the end of the forecast period.

The Chinese wooden decking market is driven by factors such as increasing urbanization, rising income, changing lifestyle, and increased spending power. The rapid growth of outdoor spaces such as balconies and rooftops in high-rise buildings has led to increasing demand for wooden decks.

Increasing demand for low-maintenance decking material and increased use of composite decking made up of wood and plastics are gaining traction in the region. The market players in the region are coming up with new and innovative decking materials suitable to customer needs is driving the growth of the market in the region.

Category-wise Insights

Based on Wood Type, Which Is the Most Prominent Segment in the Wooden Decking Market?

Pressure Treated Wood Segment Generated High Revenue

Based on wood type, the wooden decking market is segmented into pressure-treated wood, redwood, cedar wood, and others. The pressure-treated wood segment is expected to dominate the market in the forecast period. The segment is projected to exhibit a CAGR of 2.7% during the forecast period.

The growth of the segment is attributed to the ease of maintaining the pressure-treated wooden decking and pressure-treated wooden decking last longer as compared to other types. Thus it’s an ideal choice for decking wood and highly preferred On the other hand, redwood segments account for a significant market share during the forecast period.

Based on Construction Type, Which Segment Accounts for the Highest Revenue in the Wooden Decking Market?

Repairs & Remodeling Segment to Gain Significant Traction During the Forecast Period

Based on the construction type, the market is segmented into repair & remodeling and new deck segment. Among these repair & remodeling segments remains the top construction type category is expected to expand with a CAGR of 2.5% throughout the forecast period.

The repair and renovation activities are gaining traction owing to the rise in prices of new homes is expected to drive the growth of the segment during the forecast period. On the other hand, the new deck segment is expected to account for a significant market share.

The Start-Up Ecosystem: How Key Players Are Opening Frontiers for Future Growth?

New players in the wooden decking market are Accord Floors, HKS Flooring LLP, and shubh composite among others, are adopting various marketing strategies such as new product launches, geographical expansion, mergers and acquisitions, partnerships, and collaboration to identify the interest of potential buyers and creating a larger customer base. For instance

• Established in 2003 - Accord Floors is the manufacturer, exporter, and supplier of an unmatched range of wooden decking, outdoor wooden decking, wooden garden decking, wood decking in India, etc. These are manufactured using optimum quality wood, that ensures durability. These wooden decks are perfect flooring solutions for homes, offices, shops, showrooms, and hotels.
• Established in the year of 2011, HKS Flooring LLP is the leading Manufacturer of an extensive array of Oak Wood Flooring, Wooden Plank, and Teak Wooden Flooring. Also, they have different types of wooden decking products available such as outdoor WPC decking, and brown wood decking among others.
• Incepted in the year 2013, Shubh Composite is an India-based start-up known to be amongst the leading manufacturers and suppliers of an impeccable range of flooring decks and tiles.

Who are the Leading Players in the Wooden Decking Market?

Prominent players in the wooden decking market are Georgia-Pacific LLC; Boral Ltd.; Boise Cascade Company; Builders FirstSource, Inc; AZEK Building Products, Inc., among others.

The key players in the wooden decking market are focusing on improved productivity and quality of their products in order to gain more customer base. Key players are working on research & development activities for the effective composition of the material that is to be used for manufacturing.

Other expansion strategies of key players include extensive research & development activities, collaborations, and mergers & acquisitions. Some notable developments are as follows:

• In October 2022- AZEK Company Inc. unveiled its newest manufacturing facility in Boise, Idaho - AZEK’s first in the Western part of the United States. The 350,000-square-foot state-of-the-art facility further advances AZEK’s strategy to drive material conversion to its types of sustainable, low-maintenance, and environmentally sustainable outdoor living products, providing capacity that will allow the Company to scale to market demand for its products.
• In December 2022 – Boise Cascade’s Building Materials Distribution (BMD) division announced the expansion of its distribution capacity in two markets. The Company finalized the acquisition of 45 acres in Walterboro, SC, to build a new distribution facility and also closed on the purchase of a 34-acre land parcel in Hondo, Texas to build another new distribution facility which helps in serving customers in Austin, San Antonio, Corpus Christi, and the Rio Grande Valley.
• In September 2022- Fiberon announced the launch of Wildwood composite cladding, providing the unrivaled beauty and warmth of the wood combined with the durability of high-performance, low-maintenance materials. Wildwood composite cladding features an open-joint profile and is available in a variety of board lengths and widths for added design flexibility.
• In December 2021- Accsys, creator of Accoya® and Tricoya® sustainable wood building products, completed a significant milestone in upgrading its manufacturing capabilities in Arnhem, the Netherlands.
• In August 2020 – Accsys and Eastman Chemical Company formed a joint venture company, Accoya USA LLC. The joint venture intends to construct and operate an Accoya® wood production plant to serve the North American market.

Report Scope

Report Attribute	Details
Growth Rate	CAGR of 2.9% from 2023 to2033
Market Value in 2022	USD 7.8 billion
Market Value in 2032	USD 10.4 billion
Base Year for Estimation	2022
Historical Data	2018 to 2022
Forecast Period	2023 to 2033
Quantitative Units	Revenue in USD Million and CAGR from 2023 to 2033
Report Coverage	Revenue Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis
Segments Covered	Wood Type, Construction Type, Application, Region
Regions Covered	North America; Latin America; Europe; Asia Pacific; Middle East and Africa
Key Countries Profiled	United States, Canada, Brazil, Mexico, Germany, United Kingdom, France, Spain, Italy, China, Japan, South Korea, Singapore, Thailand, Indonesia, Australia, New Zealand, GCC, South Africa, Israel
Key Companies Profiled	Georgia-Pacific LLC; Boral Ltd.; Boise Cascade Company; Builders FirstSource Inc.; AZEK Building Products Inc.; Hood Industries; Beland Forest Products Ltd.; Cali Bamboo LLC; Accsys Technologies Plc.; Dasso Group
Customization & Pricing	Available upon Request

Key Segments Covered in the Wooden Decking Industry Analysis

By Wood Type:

• Pressure Treated Wood
• Redwood
• Cedar Wood
• others

By Construction Type:

• Repairs & Remodelling
• New Decks

By Application:

• Residential
• Non-Residential

By Region:

• North America
• Latin America
• Europe
• Asia Pacific
• Middle East and Africa

Frequently Asked Questions

How Much the Wooden Decking Market is Pegged currently?

The market is pegged to attain USD 7.8 billion in 2023.

How is the Market Expected to Perform in Future?

The market is expected to expand at a CAGR of 2.9% through 2033.

Which is the Top Trend in the Market?

Surging demand for eco-friendly material in flooring is a key trend in the market.

At What Rate, the United Kingdom Market is Growing?

The United Kingdom market is expected to expand at a CAGR of 2.5% through 2033.

Which Wood Type is Increasingly Preferred?

Pressure treated wood is highly preferred in the wooden decking market.