Decking Market Analysis North America, Europe, APAC, South America, Middle East and Africa - US, Canada, China, UK, Germany - Size and Forecast 2024-2028

Decking Market Forecast 2024-2028

The decking market size is forecast to increase by USD 6.27 billion at a CAGR of 6.51% between 2023 and 2028. The growing demand for outdoor living spaces drives the market, with decking playing a vital role in extending residences and landscaped gardens. Backyard decks are favored in the US and Canada for leisure and dining, both in residential and commercial settings such as hotel terraces and leisure centers. Companies offer commercial decking solutions, enhancing the accessibility and versatility of outdoor areas.

Moreover, the construction industry witnessed a surge in demand for decking materials as homeowners and businesses prioritize outdoor improvements. Timber decking is particularly popular for its natural appeal and warmth, contributing to the rise of outdoor flooring trends. With a focus on sustainability and eco-friendly materials, the industry is poised for sustained growth as it meets evolving customer needs. Additionally, innovations in decking maintenance, deck construction, and decking accessories cater to a wide range of DIY projects and landscape designs, further driving market expansion.

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

Market Forecast 2024-2028

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Market Segmentation by Application, Product, and Geography

In the market, wooden decking remains a prominent choice across various segments and subsegments. When estimating the total market, it's essential to conduct a thorough market growth analysis to identify expansion opportunities. Speaking of swimming pools, decks surrounding these aquatic retreats play a vital role in both functionality and aesthetics. Pool decks provide a safe and slip-resistant surface for poolside activities while enhancing the overall visual appeal of the outdoor space. When selecting these materials for swimming pool decks, durability, moisture resistance, and heat reflectivity are paramount considerations. Plastic decks and wood-polymer composite decks are popular options for pool decks, offering resilience and longevity in the face of constant exposure to water and sunlight. In conclusion, maintaining and enhancing outdoor living spaces in the residential sector requires careful attention to repairs, remodeling, and decking materials. While wooden decks continue to captivate with their natural beauty, alternatives such as plastic decks and wood-polymer composite decks offer compelling advantages in terms of durability and low maintenance. Ultimately, by investing in proper upkeep and selecting the right materials, homeowners can create outdoor retreats that are both functional and visually stunning, enriching their quality of life for years to come.

Application Segment Analysis:

The market share growth by the residential segment will be significant during the forecast period.  The growth of residential construction activities in the US, Europe, and APAC will drive the growth of the segment. The growth of the residential segment of the market in the US will be driven by the initiation of maintenance and repair projects. The increasing disposable incomes of people and rapid urbanization in countries in APAC, such as China, India, Malaysia, and Indonesia, are necessitating the construction of new residences and public infrastructure.

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The residential segment was the largest and was valued at USD 8.66 billion in 2018. The recovery of the global housing market in countries such as the US, Canada, Germany, and Spain is expected to fuel the demand. Due to record-low mortgage rates and rising housing demand over the past two years, the US residential building industry has profited from expansionary monetary policy. Moreover, the growing residential construction industry in Middle Eastern countries such as the UAE will propel the demand for composite. Thus, such factors will drive the growth of the global market through the residential segment during the forecast period.

Product Segment Analysis: 

Based on product, the market has been segmented into composite, wood, plastic, and aluminum. The composite?segment will account for the largest share of this segment.? Composite is manufactured using reclaimed wood fibers and scrap polyethene (PE). Reclaimed wood is a by-product from the manufacturing of other timber to lumber-producing activities such as sawn wood and flooring. The major suppliers of reclaimed wood are companies that offer cabinets, flooring, and waste from sawing. PE is obtained from various sources. In affition, the changing trends in residential building construction are expected to drive the growth of the composite segment of the global market during the forecast period.

Regional Analysis

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North America is estimated to contribute 41% to the growth by 2028. Technavio’s analysts have elaborately explained the regional trends, drivers, and challenges that are expected to shape the market during the forecast period.  The US is the largest market in the market in North America. As more consumers in the US look to increase their available living space and increase the value of their property by adding a deck, consumer interest in outdoor living is expected to continue to rise, which is expected to have a positive impact on the market in the US.

Additionally, larger, more sophisticated decks with walls, water features, fire pits, pergolas, and outdoor kitchens are gaining popularity among homeowners in the US, which will drive the demand for economical and durable composite decks during the forecast period. The increase in home renovation and housing completions will be the main factors driving the demand for the forecast period.

Market Dynamics and Customer Landscape

The Market experiences shifts driven by changing lifestyles and the increasing use of outdoor living spaces. This trend is mirrored in the growing home improvement industry, where commercial decking, outdoor flooring, and decking accessories play pivotal roles. However, challenges arise from the consolidation of the global market, requiring adaptability from service providers.  In the bustling residential sector, outdoor living spaces serve as havens of relaxation and entertainment. Among these, decks stand out as versatile extensions of indoor living areas, offering a seamless transition to the outdoors. However, as with any aspect of homeownership, regular maintenance, repairs, and occasional remodeling are essential to uphold the integrity and aesthetic appeal of these outdoor retreats. Repairs and remodeling constitute a crucial aspect of deck ownership in the residential sector. Over time, wear and tear are inevitable, whether due to exposure to the elements or general use. From repairing damaged boards to refinishing surfaces, addressing maintenance issues promptly is key to preserving the longevity and functionality of decks. Additionally, periodic remodeling allows homeowners to update the look and features of their outdoor spaces, ensuring they remain both stylish and functional for years to come.

One of the most beloved decking materials in the residential sector is wood, cherished for its natural beauty and timeless appeal. Wooden decks exude warmth and character, complementing various architectural styles and landscaping designs. However, understanding the properties of wooden decks is paramount for their proper upkeep. While wood offers unparalleled aesthetic charm, it requires regular maintenance, including sealing, staining, and occasional repairs, to protect against moisture, rot, and decay. For homeowners seeking low-maintenance alternatives, plastic decks and wood-polymer composite decks present compelling options. Plastic decks, crafted from recycled plastics or PVC, offer exceptional durability and resistance to rot, mold, and insects. Their imperviousness to moisture makes them ideal for areas prone to high humidity or frequent exposure to water, such as pool decks. Similarly, wood-polymer composite decks combine the natural look and feel of wood with the durability and low maintenance of plastic, making them an attractive choice for those seeking the best of both worlds.

Key Market Driver

The demand is fueled by various factors, including the changing lifestyles and the increasing use of outdoor living spaces. It is not only essential for extending residences and landscaped gardens but also widely utilized in commercial settings such as hotel terraces and leisure centers. It serves as a crucial component in the construction industry, meeting the needs of residential construction projects and catering to the demand for housing. Whether for DIY projects or deck construction in professional settings, it offers versatile solutions for outdoor flooring. With a focus on decking maintenance and decking installation, homeowners and businesses can enhance their outdoor living spaces with ease. The total market encompasses various segments and subsegments, offering opportunities for both timber and composite materials. Innovations in landscape design and patio design further contribute to the growing popularity of sustainable decking options.

In addition, some companies 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, which will drive the growth of the global market during the forecast period.

Significant Market Trends

The growing home improvement industry is a key trend in this market. The Market research and growth in the industry reveal fascinating market trends. Decking, whether it's residential for homes or commercial for businesses, has become an integral part of modern outdoor spaces. From enhancing the aesthetics of residential landscapes to providing functional outdoor areas for commercial establishments, it plays a crucial role in both residential and commercial settings. Moreover, proper maintenance is essential to ensure the longevity and durability of these structures.

Furthermore, patio design incorporating timber decking has gained popularity due to its natural appeal and versatility. Timber-decking offers a warm and inviting atmosphere, making it a preferred choice for outdoor spaces. Whether it's for relaxing with family and friends or hosting outdoor events, timber decking provides a comfortable and visually appealing outdoor environment. Innovations in decking materials have revolutionized outdoor spaces. Raw materials like wood and plastic composites enable the creation of durable, eco-friendly products. Wood-plastic composite decking offers versatility and longevity, catering to diverse styles. DIY wooden decking products empower homeowners with easy-to-use kits for custom projects. Wood-plastic composite decks combine the natural look of wood with the durability of plastic, ideal for new constructions. As a sustainable choice, wood plastic composites continue to shape the future, providing durability, aesthetics, and environmental responsibility in every project.

As the demand for outdoor living spaces continues to rise, fueled by changing lifestyles and a growing emphasis on outdoor leisure activities, the market growth and forecasting for products is expected to remain robust. Manufacturers and suppliers are continually innovating to meet the evolving needs of customers, offering a wide range of options to suit various preferences and requirements. With proper market forecasting and strategic planning, the industry is poised for sustained growth in the coming years.

Major Market Challenge

The consolidation of the global market poses a challenge due to the rising demand, intensifying competition among established companies. To address this challenge, companies are focusing on providing aftersales services and vertical integration. They are expanding their product portfolios with variants like composite, aluminum, and plastic decking. Additionally, horizontal integration with construction contractors is a strategic move, given the high volume of installations during the initial construction process. This approach ensures companies' competitiveness in catering to the needs of residential and commercial sectors, contributing to the dynamic market.

Moreover, some companies are expanding their product portfolios through acquisitions. Outdoor living space companies are also entering the market by acquiring other companies. Though the market is currently fragmented, horizontal integration activities by the companies will increase the consolidation ratio during the forecast period, which will hinder the market growth during the forecast period.  

Who are the Major Market Companies?

Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

Advantage Trim and Lumber Co - The company offers a variety of hardwood-decking, custom hardwood lumber, domestic and exotic wood flooring, and custom mouldings.

We also have detailed analyses of the market’s competitive landscape and offer information on 20 market companies, including:

Advantage Trim and Lumber Co., Beologic N.V., CRH Plc, Fortune Brands Innovations Inc., Hardy Smith Designs Pvt. Ltd., Humboldt Redwood Company LLC, James Latham Plc, JSW STEEL Ltd., METSA GROUP, NewTechWood America Inc., Saraswati Wood Pvt. Ltd, The AZEK Co. Inc., Timber Holdings USA, Trex Co. Inc., UFP Industries Inc., UPM-Kymmene Corp., VETEDY GROUP, West Fraser Timber Co. Ltd., Weyerhaeuser Co., and Xylos Arteriors India Pvt Ltd 

Technavio report provides an in-depth analysis of the market and its players through combined qualitative and quantitative data. The analysis classifies companies into categories based on their business approaches, including pure-play, category-focused, industry-focused, and diversified. Companies are specially categorized into dominant, leading, strong, tentative, and weak, based on their quantitative data analysis.  

Market Analyst Overview

In the market, building materials play a pivotal role in crafting attractive outdoor living spaces. From residential construction to commercial decking projects, a variety of materials such as PVC decking, timber decking, and composite materials offer versatile solutions for deck construction.  In the realm of outdoor living spaces, decking materials play a crucial role in both aesthetic appeal and functionality. Whether it's a sprawling patio, a cozy balcony, or a luxurious swimming pool deck, the choice of decking material can significantly impact the overall look, feel, and longevity of the space. In this comprehensive report, we delve into various decking options, market trends, maintenance practices, and more, using a plethora of keywords to cover every aspect of the topic. Plastic Decking Companies have revolutionized the decking industry with their innovative use of synthetic materials. These companies specialize in producing durable, low-maintenance decking solutions that are resistant to rot, mold, and insect damage. Offering a wide range of colors and styles, plastic decking has become a popular choice for homeowners seeking a hassle-free outdoor flooring option.

For those who prefer the timeless appeal of natural wood, options like Pressure-treated Wood, Redwood, Tropical Hardwood, and Cedar abound. Pressure-treated Wood undergoes a chemical treatment process to enhance its durability and resistance to decay, making it an ideal choice for outdoor decks. Redwood boasts natural beauty and longevity, while Tropical Hardwoods and Cedar offer unmatched durability and resistance to the elements. Wood-Plastic Composites (WPC) present a hybrid solution, combining the natural look and feel of wood with the durability of plastic. These composite materials are made by blending wood fibers or flour with plastic polymers, resulting in a product that is both environmentally friendly and long-lasting. The Market is a dynamic landscape shaped by factors such as wood modification techniques, fluctuations in wood prices, and evolving consumer preferences. Wood modification processes enhance the properties of wood, making it more resistant to moisture, decay, and insect damage. However, fluctuating wood prices can impact the affordability and availability of wooden decking materials. The market sees a surge in demand for wood-plastic composite decking products, particularly for new constructions seeking innovative solutions like the wood-plastic composite deck.

Maintenance and repair are integral aspects of deck ownership, whether it's Repair and Refurbishment of existing structures or installation of New Decks on New Houses. Raw material suppliers play a crucial role in supplying the materials needed for repairs, remodeling, and new constructions. These materials find applications beyond traditional outdoor decks, including Cladding and Siding for residential and non-residential buildings, Pathways, and even Swimming Pool Decks. The versatility of decking materials allows for creative use in various architectural elements, such as Patios, Balconies, and Interior Square Footage. Companies like Fiberon and Metsa Wood are at the forefront of New decks on new constructions, offering a diverse range of products to cater to different tastes and preferences. DIY enthusiasts can also find a plethora of options for creating their own Wooden Decking projects, from Wooden Boards and Planks to Wood-Plastic Composite Decking Products. When considering a deck project, factors such as Deck Size, Railing design, Floor materials, and Wall treatments must be taken into account to ensure a cohesive and functional outdoor space. Whether it's a small balcony or a sprawling poolside oasis, the right decking materials can transform any outdoor area into a inviting retreat.

In conclusion, the world of decking materials is vast and varied, offering something for every style, budget, and application. From traditional wood to innovative composites, the options are endless. By understanding the properties, market trends, and maintenance practices associated with different decking materials, homeowners can make informed decisions to create their ideal outdoor living space. The wooden decking market is witnessing a surge in demand, particularly for wood plastic composite decking products. With new constructions on the rise, the demand for new decks is also increasing. These composite decking solutions offer durability and aesthetics, catering to the needs of modern construction projects.

Segment Overview

The market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2018 to 2028. 

• Application Outlook
  • Residential
  • Non-residential

• Product Outlook 
  • Composite
  • Wood
  • Plastic
  • Aluminum

• Region Outlook 
  • North America
    • The U.S.
    • Canada
  • South America
    • Chile
    • Brazil
    • Argentina 
  • Europe
    • The U.K.
    • Germany
    • France
    • Rest of Europe
  • APAC
    • China
    • India
  • Middle East & Africa
    • Saudi Arabia
    • South Africa
    • Rest of the Middle East & Africa

Market Scope
Report Coverage	Details
Page number	165
Base year	2023
Historic period	2018-2022
Forecast period	2024-2028
Growth momentum & CAGR	Accelerate at a CAGR of 6.51%
Market Growth 2024-2028	USD 6.27 billion
Market structure	Fragmented
YoY growth 2023-2024(%)	5.54
Regional analysis	North America, Europe, APAC, South America, and Middle East and Africa
Performing market contribution	North America at 41%
Key countries	US, Canada, China, UK, and Germany
Competitive landscape	Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks
Key companies profiled	Advantage Trim and Lumber Co., Beologic N.V., CRH Plc, Fortune Brands Innovations Inc., Hardy Smith Designs Pvt. Ltd., Humboldt Redwood Company LLC, James Latham Plc, JSW STEEL Ltd., METSA GROUP, NewTechWood America Inc., Saraswati Wood Pvt. Ltd, The AZEK Co. Inc., Timber Holdings USA, Trex Co. Inc., UFP Industries Inc., UPM-Kymmene Corp., VETEDY GROUP, West Fraser Timber Co. Ltd., Weyerhaeuser Co., and Xylos Arteriors India Pvt Ltd
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, and Market condition analysis for the forecast period.
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the growth of the market between 2024 and 2028
• Precise estimation of the market size and its contribution to the market in focus on the parent market
• Accurate predictions about upcoming trends and changes in consumer behavior
• Growth of the market across North America, Europe, APAC, South America, and Middle East and Africa
• A thorough analysis of the market’s competitive landscape and detailed information about companies
• Comprehensive analysis of factors that will challenge the growth of market companies

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