Decking finds applications in the residential and non-residential sectors. Different types of woods are used for different applications. For instance, treated lumber (mainly softwood) is used for the substructure part of the deck. For the surface part of the deck, either hardwood or WPCs are preferred. The type of the wood used is named after the area from where the wood is harvested. For instance, the tropical wood used for decking is procured from the tropical forests. Apart from tropical wood, there are different varieties of wood used for decking. WPC decking uses the leftover timber from sawmills for making WPCs.
Technavio’s analysts forecast the global decking market to grow at a CAGR of 6.23% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global decking market for 2016-2020. To calculate the market size, the report considers the revenue generated from the from sales of different types of decking.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Decking Market 2016-2020
Technavio recognizes the following companies as the key players in the global decking market: Advanced Environmental Recycling Technologies, Advantage Trim & Lumber, Fiberon, Timber Holding USA, TimberTech, and Trex
Other Prominent Vendors in the market are: Accsys Technologies, Boral, Cali Bamboo, Dasso, East Teak Fine Hardwoods, Eva-Last, Kayu, MOSO, Roseburg, Millboard, Outdoor Structures Australia, TAMKO, UPM, Vetedy, Westwood, Western Forest Products
Commenting on the report, an analyst from Technavio’s team said: “As an outdoor living space, decks need to have low annual maintenance. Vendors, such as Trex, TimberTech, and Millboard, provide such decks. As the residential market is picking up pace, for instance in countries such as the US and Canada, there are numerous growth opportunities expected during the forecast period. The trend of bringing the indoor living space to outdoors has created a seamless transition between the interior and exterior of a house.”
According to the report, the global decking market is highly driven by the residential, non-residential, public, and private construction activities and by consumer wealth and increased spending. In the US, depressed housing market was a key aspect of the global financial crisis when the housing activity plunged to record low in 2009. However, a recovery in residential housing construction has gained momentum with annual new housing projects in 2014 reaching over 1 million for the first time since 2007.
Further, the report states that one of the biggest challenges faced by the timber deck market and the wood industry, in general, is the authenticity of the wood taken. Many consumers are aware of the impact of deforestation and the way the wood is procured. They seek wood products and lumber, which are eco-labelled, and ensure that the wood comes from a plantation where the harvest is replaced with new plants. Thus, by bearing a logo from a reliable expert such as Forest Stewardship Council (FSC), the company can save a lot of time and problems related to customer query and surveys regarding the reliability of the wood and lumber products.
Advanced Environmental Recycling Technologies, Advantage Trim & Lumber, Fiberon, Timber Holding USA, TimberTech, Trex, Accsys Technologies, Boral, Cali Bamboo, Dasso, East Teak Fine Hardwoods, Eva-Last, Kayu, MOSO, Roseburg, Millboard, Outdoor Structures Australia, TAMKO, UPM, Vetedy, Westwood, Western Forest Products.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.Download eBook