Market Overview:
The global wood & decking market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for wood & decking in residential and nonresidential buildings, owing to its properties such as durability, low maintenance, and aesthetic appeal. In terms of type, the wood segment is expected to dominate the market during the forecast period, followed by wood-plastic composites and plastic segments. Asia Pacific is expected to be the fastest-growing region during the forecast period.
Product Definition:
Wooden boards used for flooring or decking. Decking is a term more commonly used in North America while wood is more often used in the UK.
Wood:
Deck and wood are the two major products that are manufactured using wood. Wood is a composite material of cellulose fibers and water; it can be processed into various shapes, sizes, and textures through different manufacturing techniques. It has applications in construction as decking & flooring materials for outdoor living spaces such as decks or patio’s. The growth factor responsible for the expansion of this market is increasing demand from emerging economies like India, China, Brazil etc.
Wood-plastic Composite:
Wood-plastic composite is a new term in the wood & decking market and it refers to a combination of plastic resins and wood fibers. The product can be used as an alternative or addition to traditional wood products. It offers several advantages over traditional materials such as low cost, easy manufacturing, durability, strength and aesthetic appeal. Wood-plastic composites are manufactured by combining various processes including injection molding, extrusion lamination and fiber placement techniques among others.
Application Insights:
The residential buildings segment accounted for the largest revenue share in 2016 and is projected to witness significant growth over the forecast period. Increasing demand for decks as a functional element in residential construction coupled with growing preference for wooden decking products is expected to drive product demand.
Nonresidential buildings include commercial, institutional, healthcare and education buildings among others. The non-residential building application segment was valued at USD 544 million in 2016 owing to increasing use of wood & decking products such as flooring solutions, outdoor furniture and pergolas & gazebos on account of their aesthetic appeal along with durability & strength which makes them an ideal choice compared to other synthetic or metal alternatives available in the market place.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to witness moderate growth over the forecast period owing to stringent government regulations regarding wood usage and production methods. In addition, high replacement rate of residential buildings in the U.S., coupled with a growing number of nonresidential construction projects such as hospitals, schools and colleges, is likely to propel product demand over the next eight years.
Asia Pacific is projected to be one of the fastest-growing regional markets from 2018 to 2030 on account of rapid urbanization across emerging economies including China and India along with increasing investments in infrastructure development activities by national governments as well as foreign investors will boost construction industry growth which will result into increased demand for wood & decking products over next eight years.
Growth Factors:
- Increasing demand for wood and decking from the construction industry as a result of growth in population and development of new infrastructure projects.
- Rising consumer spending on home improvement and renovation projects, which is driving the demand for wood and decking products.
- Growing popularity of outdoor living spaces, such as decks, patios, and gazebos, among homeowners that is fueling the demand for wood and decking products.
- Technological advancements in manufacturing processes that are resulting in improved quality and durability of wood & decking products.
Scope Of The Report
Report Attributes
Report Details
Report Title
Wood & Decking Market Research Report
By Type
Wood, Wood-plastic Composite, Plastic
By Application
Residential Buildings, Nonresidential Buildings, Nonbuilding
By Companies
UPM-Kymmene, Weyerhaeuser, West Fraser Timber, Vetedy, Humboldt Redwood, Mendocino Redwood, Cox Industries, James Latham, Universal Forest Products, Setra, UPM-Kymmene
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
140
Number of Tables & Figures
98
Customization Available
Yes, the report can be customized as per your need.
Global Wood & Decking Market Report Segments:
The global Wood & Decking market is segmented on the basis of:
Types
Wood, Wood-plastic Composite, Plastic
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Residential Buildings, Nonresidential Buildings, Nonbuilding
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- UPM-Kymmene
- Weyerhaeuser
- West Fraser Timber
- Vetedy
- Humboldt Redwood
- Mendocino Redwood
- Cox Industries
- James Latham
- Universal Forest Products
- Setra
- UPM-Kymmene
Highlights of The Wood & Decking Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Wood
- Wood-plastic Composite
- Plastic
- By Application:
- Residential Buildings
- Nonresidential Buildings
- Nonbuilding
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Wood & Decking Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Wood & Decking is a company that specializes in the manufacturing and selling of wood products, such as flooring, decking, and railing.
Some of the major companies in the wood & decking market are UPM-Kymmene, Weyerhaeuser, West Fraser Timber, Vetedy, Humboldt Redwood, Mendocino Redwood, Cox Industries, James Latham, Universal Forest Products, Setra, UPM-Kymmene.
The wood & decking market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Wood & Decking Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Wood & Decking Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Wood & Decking Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Wood & Decking Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Wood & Decking Market Size & Forecast, 2018-2028
4.5.1 Wood & Decking Market Size and Y-o-Y Growth
4.5.2 Wood & Decking Market Absolute $ Opportunity
Chapter 5 Global Wood & Decking Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Wood & Decking Market Size Forecast by Type
5.2.1 Wood
5.2.2 Wood-plastic Composite
5.2.3 Plastic
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Wood & Decking Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Wood & Decking Market Size Forecast by Applications
6.2.1 Residential Buildings
6.2.2 Nonresidential Buildings
6.2.3 Nonbuilding
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Wood & Decking Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Wood & Decking Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Wood & Decking Analysis and Forecast
9.1 Introduction
9.2 North America Wood & Decking Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Wood & Decking Market Size Forecast by Type
9.6.1 Wood
9.6.2 Wood-plastic Composite
9.6.3 Plastic
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Wood & Decking Market Size Forecast by Applications
9.10.1 Residential Buildings
9.10.2 Nonresidential Buildings
9.10.3 Nonbuilding
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Wood & Decking Analysis and Forecast
10.1 Introduction
10.2 Europe Wood & Decking Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Wood & Decking Market Size Forecast by Type
10.6.1 Wood
10.6.2 Wood-plastic Composite
10.6.3 Plastic
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Wood & Decking Market Size Forecast by Applications
10.10.1 Residential Buildings
10.10.2 Nonresidential Buildings
10.10.3 Nonbuilding
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Wood & Decking Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Wood & Decking Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Wood & Decking Market Size Forecast by Type
11.6.1 Wood
11.6.2 Wood-plastic Composite
11.6.3 Plastic
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Wood & Decking Market Size Forecast by Applications
11.10.1 Residential Buildings
11.10.2 Nonresidential Buildings
11.10.3 Nonbuilding
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Wood & Decking Analysis and Forecast
12.1 Introduction
12.2 Latin America Wood & Decking Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Wood & Decking Market Size Forecast by Type
12.6.1 Wood
12.6.2 Wood-plastic Composite
12.6.3 Plastic
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Wood & Decking Market Size Forecast by Applications
12.10.1 Residential Buildings
12.10.2 Nonresidential Buildings
12.10.3 Nonbuilding
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Wood & Decking Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Wood & Decking Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Wood & Decking Market Size Forecast by Type
13.6.1 Wood
13.6.2 Wood-plastic Composite
13.6.3 Plastic
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Wood & Decking Market Size Forecast by Applications
13.10.1 Residential Buildings
13.10.2 Nonresidential Buildings
13.10.3 Nonbuilding
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Wood & Decking Market: Competitive Dashboard
14.2 Global Wood & Decking Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 UPM-Kymmene
14.3.2 Weyerhaeuser
14.3.3 West Fraser Timber
14.3.4 Vetedy
14.3.5 Humboldt Redwood
14.3.6 Mendocino Redwood
14.3.7 Cox Industries
14.3.8 James Latham
14.3.9 Universal Forest Products
14.3.10 Setra
14.3.11 UPM-Kymmene
