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Decking Market by Product, Application, and Geography - Forecast and Analysis 2021-2025

  • Published: May 2021
  • Pages: 137
  • SKU: IRTNTR44129
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The decking market share is expected to increase by USD 4.19 billion from 2020 to 2025, and the market's growth momentum will accelerate at a CAGR of 5.27%.

This decking market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers decking market segmentations by product (composite, wood, plastic, and aluminum), application (residential and non-residential), and Geography (North America, Europe, APAC, South America, and MEA). The decking market report also offers information on several market vendors, including Advantage Trim & Lumber Co., Beologic, CRH Plc, Fiberon, The AZEK Co. LLC, Trex Co. Inc., Universal Forest Products Inc., UPM-Kymmene Corp., West Fraser Timber Co. Ltd., and Weyerhaeuser Company among others.

What will the Decking Market Size be During the Forecast Period?

Decking Market Size

Download the Free Report Sample to Unlock the Decking Market Size for the Forecast Period and Other Important Statistics

 

Decking Market: Key Drivers, Trends, and Challenges

Based on our research output, there has been a negative impact on the market growth during and post COVID-19 era. The changing lifestyles and increasing use of outdoor living spaces is notably driving the decking market growth, although factors such as the availability of alternatives may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the decking industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Decking Market Driver

The changing lifestyles and increasing use of outdoor living spaces are notably driving the global decking market growth. Decking is used to extend residences and landscaped gardens. Backyard decks are popular among residences in the US and Canada for lounging and dining. Residential buyers also prefer decking due to its aesthetic properties and low cost. Decking is used in non-residential applications such as hotel terraces, boardwalks, balconies, leisure centers, patios, and theme parks to effectively utilize open spaces. Some vendors provide decking, which is easy to install, for commercial applications. Therefore, the changing lifestyles of people and the rising use of outdoor living spaces are increasing the need for decking, which will drive the growth of the global decking market during the forecast period.

Key Decking Market Trend

Replacement of wood with composite decking is the key market trend driving the global decking market growth. demand for composite decking has grown slowly due to its close resemblance to wooden decking and limited need for maintenance. Composite decking is made using recycled wood and plastic products, and most vendors market it as an environmentally friendly product. They also provide cap stock-coated decking, which offers good resistance to environmental degradation. The selection of decking material for different applications is based on factors such as cost, aesthetics, need for maintenance, and durability. Also, the presence of stringent regulations such as the European Union Timber Regulation (EUTR), which aims to prevent the illegal trade of timber, and the rising demand for wood have affected the growth of the wooden segment and resulted in the growth of the composite segment. 

Key Decking Market Challenge

The availability of alternatives is the major challenge impeding the global decking market growth. Concrete flooring, which has the ability to withstand heavy stress and pressure, is an alternative to wood decking. It is cost-effective and can last longer if maintained properly. Other alternatives such as tiles and fiber cement decking can be used interchangeably to decorate the exterior of residences. Though the demand for such alternatives was lower than decking, their wide availability and low cost are increasing their demand. Developments in composite deckings, such as drip-proof decking, and the need for limited maintenance will increase the demand for such alternatives during the forecast period, which will affect the growth of the global decking market.

This decking market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Parent Market Analysis

Technavio categorizes the global decking market as a part of the global building products market.  Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the decking market during the forecast period.

Who are the Major Decking Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

 

  • Advantage Trim & Lumber Co.
  • Beologic
  • CRH Plc
  • Fiberon
  • The AZEK Co. LLC
  • Trex Co. Inc.
  • Universal Forest Products Inc.
  • UPM-Kymmene Corp.
  • West Fraser Timber Co. Ltd.
  • Weyerhaeuser Company

 

This statistical study of the decking market encompasses successful business strategies deployed by the key vendors. The decking market is fragmented and the vendors are deploying growth strategies such as constantly expanding their footprint in developing countries and providing aftersales services and customized products to compete in the market.

Product Insights and News

  • Advantage Trim & Lumber Co. - The company offers composite decking.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The decking market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Decking Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the decking market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

The report has further elucidated on other innovative approaches being followed by manufacturers to ensure a sustainable market presence.

Which are the Key Regions for the Decking Market?

Decking Market Market segmentation by region

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41% of the market's growth will originate from North America during the forecast period. US and Canada are the key markets for the decking market in North America. Market growth in this region will be faster than the growth of the market in Europe, South America and MEA. 

Steady growth has been observed in the housing market in North America. Homebuyers from France, Spain, and Italy increased considerably, indicating the lucrative nature of the Mexican housing market. This trend will facilitate the decking market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

The outbreak of COVID-19 led to partial lockdowns because of which most non-essential and non-urgent construction projects, including those related to decking, were closed negatively affecting the growth of the decking market in the region in 2020 and in Q1 of 2021. However, the market's growth is expected to stabilize during the latter part of the forecast period as vaccination drives and economic recovery are likely to promote the growth of the construction industry.

What are the Revenue-generating Product Segments in the Decking Market?

Decking Market Segmentation

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The decking market share growth by the composite segment will be significant during the forecast period. A unique feature of composite is that it provides the aesthetics, beauty, and functionality of wood, but it can withstand moisture, and rot, and is low-maintenance. This has increased its demand among residential end-users along with the eco-friendly aspect of the material.

This report provides an accurate prediction of the contribution of all the segments to the growth of the decking market size and actionable market insights on post COVID-19 impact on each segment.

 

Decking Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 5.27%

Market growth 2021-2025

$ 4.19 billion

Market structure

Fragmented

YoY growth (%)

2.97

Regional analysis

North America, Europe, APAC, South America, MEA, North America, Europe, APAC, South America, and MEA

Performing market contribution

North America at 41%

Key consumer countries

US, China, UK, Germany, and Canada

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

Advantage Trim & Lumber Co., Beologic, CRH Plc, Fiberon, The AZEK Co. LLC, Trex Co. Inc., Universal Forest Products Inc., UPM-Kymmene Corp., West Fraser Timber Co. Ltd., and Weyerhaeuser Company

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period

Customization purview

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What are the Key Data Covered in this Decking Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive decking market growth during the next five years
  • Precise estimation of the decking market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the decking industry across North America, Europe, APAC, South America, MEA, North America, Europe, APAC, South America, and MEA
  • A thorough analysis of the market's competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of decking market vendors

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1 Executive Summary

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 01: Parent market
    • Exhibit 02: Market characteristics
  • 2.2 Value chain analysis
    • Exhibit 03: Value Chain Analysis: Building Products

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 04: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 05: Market segments
  • 3.3 Market size 2020
    • 3.4 Market outlook: Forecast for 2020 - 2025
      • Exhibit 06: Global - Market size and forecast 2020 - 2025 ($ million)
      • Exhibit 07: Global market: Year-over-year growth 2020 - 2025 (%)

    4 Five Forces Analysis

    • 4.1 Five Forces Summary
      • Exhibit 08: Five forces analysis 2020 & 2025
    • 4.2 Bargaining power of buyers
      • Exhibit 09: Bargaining power of buyers
    • 4.3 Bargaining power of suppliers
      • Exhibit 10: Bargaining power of suppliers
    • 4.4 Threat of new entrants
      • Exhibit 11: Threat of new entrants
    • 4.5 Threat of substitutes
      • Exhibit 12: Threat of substitutes
    • 4.6 Threat of rivalry
      • Exhibit 13: Threat of rivalry
    • 4.7 Market condition
      • Exhibit 14: Market condition - Five forces 2020

    5 Market Segmentation by Product

    • 5.1 Market segments
      • Exhibit 15: Product - Market share 2020-2025 (%)
    • 5.2 Comparison by Product
      • Exhibit 16: Comparison by Product
    • 5.3 Composite - Market size and forecast 2020-2025
      • Exhibit 17: Composite - Market size and forecast 2020-2025 ($ million)
      • Exhibit 18: Composite - Year-over-year growth 2020-2025 (%)
    • 5.4 Wood - Market size and forecast 2020-2025
      • Exhibit 19: Wood - Market size and forecast 2020-2025 ($ million)
      • Exhibit 20: Wood - Year-over-year growth 2020-2025 (%)
    • 5.5 Plastic - Market size and forecast 2020-2025
      • Exhibit 21: Plastic - Market size and forecast 2020-2025 ($ million)
      • Exhibit 22: Plastic - Year-over-year growth 2020-2025 (%)
    • 5.6 Aluminum - Market size and forecast 2020-2025
      • Exhibit 23: Aluminum - Market size and forecast 2020-2025 ($ million)
      • Exhibit 24: Aluminum - Year-over-year growth 2020-2025 (%)
    • 5.7 Market opportunity by Product
      • Exhibit 25: Market opportunity by Product

    6 Market Segmentation by Application

    • 6.1 Market segments
      • Exhibit 26: Application - Market share 2020-2025 (%)
    • 6.2 Comparison by Application
      • Exhibit 27: Comparison by Application
    • 6.3 Residential - Market size and forecast 2020-2025
      • Exhibit 28: Residential - Market size and forecast 2020-2025 ($ million)
      • Exhibit 29: Residential - Year-over-year growth 2020-2025 (%)
    • 6.4 Non-residential - Market size and forecast 2020-2025
      • Exhibit 30: Non-residential - Market size and forecast 2020-2025 ($ million)
      • Exhibit 31: Non-residential - Year-over-year growth 2020-2025 (%)
    • 6.5 Market opportunity by Application
      • Exhibit 32: Market opportunity by Application

    7 Customer landscape

    8 Geographic Landscape

    • 8.1 Geographic segmentation
      • Exhibit 34: Market share by geography 2020-2025 (%)
    • 8.2 Geographic comparison
      • Exhibit 35: Geographic comparison
    • 8.3 North America - Market size and forecast 2020-2025
      • Exhibit 36: North America - Market size and forecast 2020-2025 ($ million)
      • Exhibit 37: North America - Year-over-year growth 2020-2025 (%)
    • 8.4 Europe - Market size and forecast 2020-2025
      • Exhibit 38: Europe - Market size and forecast 2020-2025 ($ million)
      • Exhibit 39: Europe - Year-over-year growth 2020-2025 (%)
    • 8.5 APAC - Market size and forecast 2020-2025
      • Exhibit 40: APAC - Market size and forecast 2020-2025 ($ million)
      • Exhibit 41: APAC - Year-over-year growth 2020-2025 (%)
    • 8.6 South America - Market size and forecast 2020-2025
      • Exhibit 42: South America - Market size and forecast 2020-2025 ($ million)
      • Exhibit 43: South America - Year-over-year growth 2020-2025 (%)
    • 8.7 MEA - Market size and forecast 2020-2025
      • Exhibit 44: MEA - Market size and forecast 2020-2025 ($ million)
      • Exhibit 45: MEA - Year-over-year growth 2020-2025 (%)
    • 8.8 Key leading countries
      • Exhibit 46: Key leading countries
    • 8.9 Market opportunity by geography
      • Exhibit 47: Market opportunity by geography ($ million)

    9 Drivers, Challenges, and Trends

    • 9.1 Market drivers
      • 9.2 Market challenges
        • 9.3 Market trends

          10 Vendor Landscape

          • 10.1 Vendor landscape
            • Exhibit 49: Vendor landscape
          • 10.2 Landscape disruption
            • Exhibit 50: Landscape disruption
            • Exhibit 51: Industry risks
          • 10.3 Competitive Scenario

            11 Vendor Analysis

            • 11.1 Vendors covered
              • Exhibit 52: Vendors covered
            • 11.2 Market positioning of vendors
              • Exhibit 53: Market positioning of vendors
            • 11.3 Advantage Trim & Lumber Co.
              • Exhibit 54: Advantage Trim & Lumber Co. - Overview
              • Exhibit 55: Advantage Trim & Lumber Co. - Product and service
              • Exhibit 56: Advantage Trim & Lumber Co. - Key offerings
            • 11.4 Beologic
              • Exhibit 57: Beologic - Overview
              • Exhibit 58: Beologic - Product and service
              • Exhibit 59: Beologic - Key offerings
            • 11.5 CRH Plc
              • Exhibit 60: CRH Plc - Overview
              • Exhibit 61: CRH Plc - Business segments
              • Exhibit 62: CRH Plc - Key offerings
              • Exhibit 63: CRH Plc - Segment focus
            • 11.6 Fiberon
              • Exhibit 64: Fiberon - Overview
              • Exhibit 65: Fiberon - Product and service
              • Exhibit 66: Fiberon – Key news
              • Exhibit 67: Fiberon - Key offerings
            • 11.7 The AZEK Co. LLC
              • Exhibit 68: The AZEK Co. LLC - Overview
              • Exhibit 69: The AZEK Co. LLC - Business segments
              • Exhibit 70: The AZEK Co. LLC - Key offerings
              • Exhibit 71: The AZEK Co. LLC - Segment focus
            • 11.8 Trex Co. Inc.
              • Exhibit 72: Trex Co. Inc. - Overview
              • Exhibit 73: Trex Co. Inc. - Business segments
              • Exhibit 74: Trex Co. Inc. – Key news
              • Exhibit 75: Trex Co. Inc. - Key offerings
              • Exhibit 76: Trex Co. Inc. - Segment focus
            • 11.9 Universal Forest Products Inc.
              • Exhibit 77: Universal Forest Products Inc. - Overview
              • Exhibit 78: Universal Forest Products Inc. - Business segments
              • Exhibit 79: Universal Forest Products Inc. – Key news
              • Exhibit 80: Universal Forest Products Inc. - Key offerings
            • 11.10 UPM-Kymmene Corp.
              • Exhibit 81: UPM-Kymmene Corp. - Overview
              • Exhibit 82: UPM-Kymmene Corp. - Business segments
              • Exhibit 83: UPM-Kymmene Corp. - Key offerings
              • Exhibit 84: UPM-Kymmene Corp. - Segment focus
            • 11.11 West Fraser Timber Co. Ltd.
              • Exhibit 85: West Fraser Timber Co. Ltd. - Overview
              • Exhibit 86: West Fraser Timber Co. Ltd. - Business segments
              • Exhibit 87: West Fraser Timber Co. Ltd. - Key offerings
            • 11.12 Weyerhaeuser Company
              • Exhibit 88: Weyerhaeuser Company - Overview
              • Exhibit 89: Weyerhaeuser Company - Business segments
              • Exhibit 90: Weyerhaeuser Company - Key offerings
              • Exhibit 91: Weyerhaeuser Company - Segment focus

            12 Appendix

            • 12.1 Scope of the report
              • 12.2 Currency conversion rates for US$
                • Exhibit 92: Currency conversion rates for US$
              • 12.3 Research methodology
                • Exhibit 93: Research Methodology
                • Exhibit 94: Validation techniques employed for market sizing
                • Exhibit 95: Information sources
              • 12.4 List of abbreviations
                • Exhibit 96: List of abbreviations

              Research Framework

              Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

              TechnavioINFORMATION SOURCES

              Primary sources

              • Manufacturers and suppliers
              • Channel partners
              • Industry experts
              • Strategic decision makers

              Secondary sources

              • Industry journals and periodicals
              • Government data
              • Financial reports of key industry players
              • Historical data
              • Press releases
              Technavio

              TechnavioDATA ANALYSIS

              Data Synthesis

              • Collation of data
              • Estimation of key figures
              • Analysis of derived insights

              Data Validation

              • Triangulation with data models
              • Reference against proprietary databases
              • Corroboration with industry experts
              Technavio

              TechnavioREPORT WRITING

              Qualitative

              • Market drivers
              • Market challenges
              • Market trends
              • Five forces analysis

              Quantitative

              • Market size and forecast
              • Market segmentation
              • Geographical insights
              • Competitive landscape
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              Decking Market market growth will increase by $4.19 bn during 2021-2025.
              The decking market market is expected to grow at a CAGR of 5.27% during 2021-2025.
              Technavio has segmented the decking market market by product (composite, wood, plastic, and aluminum) ,application (residential and non-residential) , and geography (North America, Europe, APAC, South America, and MEA).
              Advantage Trim & Lumber Co., Beologic, CRH Plc, Fiberon, The AZEK Co. LLC, Trex Co. Inc., Universal Forest Products Inc., UPM-Kymmene Corp., West Fraser Timber Co. Ltd., Weyerhaeuser Company are a few of the key vendors in the decking market market.
              North America will register the highest growth rate of 41% among the other regions. Therefore, the decking market market in North America is expected to garner significant business opportunities for the vendors during the forecast period.
              The key factors driving the decking market market growth are:
              • Changing lifestyles and increasing use of outdoor living spaces
              • Rising adoption of prefabricated construction solutions
              The decking market market vendors should focus on grabbing business opportunities from the composite segment as it accounted for the largest market share in the base year.
              • What are the key global market and the regional market share?
              • What are the revenue-generating key market segments?
              • What are the key factors driving and challenging this market’s growth?
              • Who are the key market vendors and their growth strategies?
              • What are the latest trends influencing the growth of this market?
              • What are the variables influencing the market growth in the primary regions?
              • What are the factors influencing the growth of the parent market?
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              • Data on revenue-generating market segments
              • Details on the market shares of various regions
              • Five-force market analysis

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