Global Wooden Decking Market to Reach US$8.7 Billion by the Year 2027 – QNT Press Release


New York, May 11, 2022 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report “Global Wooden Decking Industry” — https://www.reportlinker.com/p05800000/?utm_source=GNW
– Online interactive peer-to-peer collaborative bespoke updates
– Access to our digital archives and MarketGlass Research Platform
– Complimentary updates for one yearGlobal Wooden Decking Market to Reach US$8.7 Billion by the Year 2027

– Amid the COVID-19 crisis, the global market for Wooden Decking estimated at US$7.2 Billion in the year 2020, is projected to reach a revised size of US$8.7 Billion by 2027, growing at a CAGR of 2.6% over the analysis period 2020 -2027.Pressure-Treated Wood, one of the segments analyzed in the report, is projected to grow at a 3% CAGR to reach US$4.1 Billion by the end of the analysis period.After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Redwood segment is readjusted to a revised 2.3% CAGR for the next 7-year period. This segment currently accounts for a 34.4% share of the global Wooden Decking market.

– The US Accounts for Over 36.1% of Global Market Size in 2020, While China is Forecast to Grow at a 3.7% CAGR for the Period of 2020-2027

– The Wooden Deccking market in the US is estimated at US$2.6 Billion in the year 2020. The country currently accounts for a 36.12% share in the global market. China, the world second largest economy, is forecast to reach an estimated market size of US$1.2 Billion in the year 2027 trailing a CAGR of 3.7% through 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 1.8% and 2.8% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 2.2% CAGR while Rest of European market (as defined in the study) will reach US$1.2 Billion by the year 2027.

– Cedar Wood Segment Corners a 14.4% Share in 2020

– In the global Cedar Wood segment, USA, Canada, Japan, China and Europe will drive the 2.5% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$840.7 Million in the year 2020 will reach a projected size of US$997 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US $773.3 Million by the year 2027, while Latin America will expand at a 3% CAGR through the analysis period.

– Select Competitors (Total 99 Featured) Cox Industries, Inc.James Latham PLC (Lathams Ltd.)Metsa GroupSetra Group ABUniversal Forest Products, Inc.UPM-Kymmene CorporationVetedy GroupWest Fraser Timber Co., Ltd.Weyerhaeuser Company

Read the full report: https://www.reportlinker.com/p05800000/?utm_source=GNW

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW
Impact of COVID-19 Pandemic and a Looming Global Recession
Year 2021 in Review and Near-term Outlook
Prolonged Pandemic, Ukraine-Russia Conflict and Ensuing
Economic Disruptions Impact Growth Outlook
EXHIBIT 1: World Economic Growth Projections (Real GDP, Annual
% Change) for the Years 2021, 2022 and 2023
COVID-19-Led Economic Downturn Weighs on Construction Sector,
Affecting Wooden Decking Market
EXHIBIT 2: World Construction Industry (in US$ Trillion) for
the Years 2019-2023
EXHIBIT 3: Global Construction Industry Growth: % CAGR for the
Period 2015-2020, 2020-2020, 2025-2030, and 2020-2030
COVID-19 Impact on Select Regional Construction Sectors
EXHIBIT 4: Global Construction Growth Contribution by Country
for the Period 2020-2030
Swift Improvement in Real-Estate Fundamentals to Boost Wooden
Decking Demand
Competitive Scenario
EXHIBIT 5: Wooden Decking – Global Key Competitors Percentage
Market Share in 2022 (E)
Competitive Market Presence – Strong/Active/Niche/Trivial for
Players Worldwide in 2022 (E)
An Introduction to Wooden Decking
Global Market Prospects & Outlook
Pressure-Treated Wood: The Leading Segment
Residential Construction Sector to Continue Driving Market Gains
Developed Regions Lead, Developing Economies to Spearhead
Future Growth
Mega Trends Benefiting Market Demand Summarized
EXHIBIT 6: Major Demand Drivers for Wood Flooring (2018 & 2030):
Urban Population, Middle Class, Aging Population, and
Single Person Households
EXHIBIT 7: Global Households Breakdown by Type of Family:
Percentage Growth (%) over the Period 2018-2028
World Brands
Recent Market Activity

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS
Myriad Benefits of Wooden Decks Support Market Growth
Notable Trends in the Deck Industry Poised to Impact Wooden
Decking Demand
Rising Residential Construction Projects & Move Towards Luxury
Homes to Fuel Market Gains
EXHIBIT 8: World Population (in Thousands) by Geographic Region
for the Years 2019, 2030, 2050, and 2100
EXHIBIT 9: World Urban Population in Thousands: 1950-2050P
EXHIBIT 10: Degree of Urbanization Worldwide: Urban Population
as a % of Total Population by Geographic Region for the Years
1950, 1970, 1990, 2018, 2030 and 2050
Increasing Disposable Incomes and Rising Standards of Living
Drive Consumers towards Wooden Decks
Customers Seek More Functionality from Decks
Surge in Home Renovation Activity Sets Stage for Wooden Decking
Products amid COVID-19
Home Improvement in Upbeat Mood despite Labor Crunch & Inflated
Material Prices
Commercial Sector Demonstrates Growing Preference for Wooden Decks
Investments in Hospitality & Leisure Projects to Propel Growth
in Wooden Decking Market
EXHIBIT 11: COVID-19 Impact on Travel & Tourism Industry:
Growth Rate (%) of Industry Revenues in Select Countries for
2020 Vs 2019
EXHIBIT 12: COVID-19 Impact on Tourism Industry: % Change in
International Tourist Arrivals by Region for 2019 and Q1 2020
Wooden Decks Emerge as Aesthetic & Sustainable Option for
Garden Landscaping
Rising Prominence of Green Buildings Concept: Positive
Implications for the Market
EXHIBIT 13: Global Green Building Materials Market Size (in US$
Billion) for 2020, 2022, 2024 and 2026
Wood Decking for Direct Sunlight Exposure
Deck Waterproofing: Key Challenges Facing the Industry
Natural Wood Decks Face Growing Competition from Composite
Decking Products
Composite Decking Emerges as a Good Alternative to Wood Decks
Advantages and Disadvantages of Composite and Wood Decking
Composite Decking Makers Set Focus on Chipping Away Wood Sales
with Better Options
Rising Lumber Prices Contributes to Growing Popularity of
Composite Decking

4. GLOBAL MARKET PERSPECTIVE
Table 1: World Wooden Decking Market Analysis of Annual Sales
in US$ Thousand for Years 2012 through 2027

Table 2: World Recent Past, Current & Future Analysis for
Wooden Decking by Geographic Region – USA, Canada, Japan,
China, Europe, Asia-Pacific, Latin America, Middle East and
Africa Markets – Independent Analysis of Annual Sales in US$
Thousand for Years 2020 through 2027 and % CAGR

Table 3: World Historic Review for Wooden Decking by Geographic
Region – USA, Canada, Japan, China, Europe, Asia-Pacific, Latin
America, Middle East and Africa Markets – Independent Analysis
of Annual Sales in US$ Thousand for Years 2012 through 2019 and
% CAGR

Table 4: World 15-Year Perspective for Wooden Deccking by
Geographic Region – Percentage Breakdown of Value Sales for
USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America,
Middle East and Africa Markets for Years 2012, 2021 & 2027

Table 5: World Recent Past, Current & Future Analysis for
Pressure-Treatated Wood by Geographic Region – USA, Canada,
Japan, China, Europe, Asia-Pacific, Latin America, Middle East
and Africa Markets – Independent Analysis of Annual Sales in
US$ Thousand for Years 2020 through 2027 and % CAGR

Table 6: World Historic Review for Pressure-Treated Wood by
Geographic Region – USA, Canada, Japan, China, Europe,
Asia-Pacific, Latin America, Middle East and Africa Markets –
Independent Analysis of Annual Sales in US$ Thousand for Years
2012 through 2019 and % CAGR

Table 7: World 15-Year Perspective for Pressure-Treated Wood by
Geographic Region – Percentage Breakdown of Value Sales for
USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America,
Middle East and Africa for Years 2012, 2021 & 2027

Table 8: World Recent Past, Current & Future Analysis for
Redwood by Geographic Region – USA, Canada, Japan, China,
Europe, Asia-Pacific, Latin America, Middle East and Africa
Markets – Independent Analysis of Annual Sales in US$ Thousand
for Years 2020 through 2027 and % CAGR

Table 9: World Historic Review for Redwood by Geographic Region –
USA, Canada, Japan, China, Europe, Asia-Pacific, Latin
America, Middle East and Africa Markets – Independent Analysis
of Annual Sales in US$ Thousand for Years 2012 through 2019 and
% CAGR

Table 10: World 15-Year Perspective for Redwood by Geographic
Region – Percentage Breakdown of Value Sales for USA, Canada,
Japan, China, Europe, Asia-Pacific, Latin America, Middle East
and Africa for Years 2012, 2021 & 2027

Table 11: World Recent Past, Current & Future Analysis for
Cedar Wood by Geographic Region – USA, Canada, Japan, China,
Europe, Asia-Pacific, Latin America, Middle East and Africa
Markets – Independent Analysis of Annual Sales in US$ Thousand
for Years 2020 through 2027 and % CAGR

Table 12: World Historic Review for Cedar Wood by Geographic
Region – USA, Canada, Japan, China, Europe, Asia-Pacific, Latin
America, Middle East and Africa Markets – Independent Analysis
of Annual Sales in US$ Thousand for Years 2012 through 2019 and
% CAGR

Table 13: World 15-Year Perspective for Cedar Wood by
Geographic Region – Percentage Breakdown of Value Sales for
USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America,
Middle East and Africa for Years 2012, 2021 &…

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