Global Wooden Decking Market: Overview
The deck is a flat surface able to support the weight. Similar to the floor, the deck is often constructed outdoors that is elevated from ground level and mainly connected to a building. These decks are made up of composite lumber, aluminum, treated lumber, and composite material. Wooden decking is used to build patios, garden landscaping, extend living areas, and much more. Mostly, decks are made up of pressure-treated lumber and very often steel beams. You can even walk over decking.
Global Wooden Decking Market: Growth Factors
The growth in the global wooden decking market is mainly due to rapidly improving construction activities. Escalating demand for wooden decking from commercial and residential sector may fuel the global wooden decking market in future. Company focus to invest the huge amount of infrastructure sectors is expected to boost the global market growth. Accelerating urbanization also positively impacts the global wooden decking market. Pressure-treated wood is extensively used in the wooden decking as it can withstand in icy and moist weather conditions, is durable and long lasting; these properties are projected to fuel the market growth in future. Furthermore, pressure-treated wood is resistive to insects, roots, and internal decaying; this may also further influence the global wooden decking market to some extent. Owing to above-listed factors, wooden decking is widely used in the commercial, residential, and industrial structures.
Global Wooden Decking Market: Segmentation
The global wooden decking market is segmented on the basis of end-use as non-residential and residential. Based on applications, the global market is fragmented as rails & infrastructure and building materials. Further, the global market is divided based on construction as new decks on new constructions, repairs & remodeling and new decks on existing constructions. The global wooden decking market is bifurcated as cedar, pressure treated wood, redwood, and others.
Global Wooden Decking Market: Regional Analysis
Asia Pacific holds the largest market in the global wooden decking market owing to rising urbanization. Increasing consumer preferences for lavishing infrastructures is further anticipated to boost the global market in coming years. However, emerging economies focus on huge investments in commercial and industrial infrastructure, which is expected to fuel the global wooden decking market growth in the near future. Increasing per capita income in developing economies such as China and India are mainly owing to growing spending power of middle-class population on construction sectors.
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Global Wooden Decking Market: Competitive Players
Key players in the global wooden decking market are Humboldt Redwood Company, West Fraser Timber Co. Ltd., UPM-Kymmene Corporation, Mendocino Redwood Company, and Universal Forest Products, Inc. Other key players influencing the global market are Weyerhaeuser Company, Cox Industries, Inc., Setra Group, Metsä Group, James Latham PLC, and Vetedy Group.