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2021
Composite Decking And Railing Market

Composite Decking and Railing Market

by Type (Capped and Uncapped), Application (Residential Sector and Non-Residential Sector), Resin Type (Polypropylene and Polyethylene), Composition (Solid and Hollow), and Product Type (Decking and Railing): Global Opportunity Analysis and Industry Forecast, 2021-2030
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Report Code: A14253
Pages: 350
Oct 2021 | 2440 Views
Author(s) : Digvijay P
Tables: 278
Charts: 95
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COVID-19

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The composite decking and railing market size was valued at $2,633.8 million in 2020, and is expected to reach $9,185.5 million by 2030, registering a CAGR of 12.6% from 2021 to 2030. Decking is wooden boards that are fixed to the ground in a garden or other outdoor area for people to walk on. Railing is a guard rail to prevent people falling from decks of buildings. Over time, many different styles of decking and railing have been developed. Decking and railing are made of composite materials such as polypropylene and polyethylene. These composite deckings and railings are generally installed on the outdoors of residential and non-residential buildings.

The composite decking and railing market was hampered during the outbreak of COVID-19 pandemic, owing to restrictions of construction activities. In addition, the sales of composite decking and railing products was hampered owing to limited sales of the products through retail stores.

Composite decking and railing offer covering and safety while serving the purpose of an embellishment for a home and business. Composite decking and railing are available in a variety of material, colors, designs, and patterns. They have been popular in the commercial sector where beautification of the outdoor space is required while adding a personal touch to the building backyard as well as the front. Moreover, PVC coated fabric composite deckings and railings are expected to be of a higher quality and pattern that have been introduced in the market to attract customers. These factors act as drivers of the composite decking and railing market.

Composite-Decking-and-Railing-Market

However, composite decking and railing are unreliability in harsh weather conditions. Composite decking and railing can be vulnerable in heavy storm, rain, and snow and can suffer frame damage. This acts as a restraining factor to the composite decking and railing.

Furthermore, during the outbreak of the COVID-19 pandemic, construction, manufacturing, hotel, and tourism industries were majorly affected. Manufacturing activities were halted or restricted. Construction and transportation activities along with their supply chains were hampered on a global level. This led to decline in manufacturing of composite decking and railing as well as their demand in the market, which restrains the growth of the market. Conversely, industries are gradually resuming their regular manufacturing and services. This is expected to lead to re-initiation of composite decking and railing companies at their full-scale capacities, which is expected to help the composite decking and railing market to recover by end of 2021.

Composite Decking and Railing Market
By Type

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Uncapped segment holds the largest share in Composite Decking and Railing market

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Furthermore, use of composite decking and railing and rapid urbanization in developing countries have given rise to construction activities. Growth in demand for construction & infrastructure developments is expected to largely drive the composite decking and railing market growth. Therefore, this is anticipated to open new avenues for the composite decking and railing during the forecast period.

The composite decking and railing market is segmented into type, application, resin type, composition, product type, and region. By type, the market is segregated into capped and uncapped. By application segment, it is divided into residential sector and non-residential sector. On the basis of resin type, the market is bifurcated into polypropylene and polyethylene. Compositions covered in the study include new solid and hollow. On the basis of product type, the market is classified into decking and railing. Region wise, it is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, France, UK, Italy, and the rest of Europe), Asia-Pacific (China, Japan, South Korea, India, and the rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa).

Composite Decking and Railing Market
By Application

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Residential sector segment holds dominant position in 2020

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On the basis of type, in 2020, the uncapped segment dominated the composite decking and railing market share, in terms of revenue, whereas the capped segment is expected to witness growth at the highest CAGR during the forecast period. By application, the residential sector segment led the market in 2020, in terms of revenue; however, the non-residential sector segment is anticipated to register highest CAGR during the forecast period. Depending on resin type, the polyethylene segment led the market in 2020, in terms of revenue. Conversely, the polypropylene segment is anticipated to exhibit the highest CAGR in the coming years. As per composition, in 2020, the solid segment dominated the composite decking and railing market trends, whereas the hollow segment is expected to witness growth at the highest CAGR in the future. On the basis of product type, in 2020, the decking segment dominated the market, in terms of revenue, whereas the railing segment is expected to witness growth at the highest CAGR during the forecast period. Region wise, North America garnered the highest revenue in 2020; however, LAMEA is anticipated to register highest CAGR during the forecast period.

Competition analysis

The major players profiled in the composite decking and railing market include Axion Structural Innovations LLC, Fortress Building Products, Fortune Brands Home & Security, Inc. (Fiberon), Genova Products Inc., Green Bay Decking, Shanghai Seven Trust Industry Co., Ltd, The AZEK Company Inc. (TimberTech), Trex Company, Inc., UFP Industries, Inc., and UPM. Major companies in the market have adopted product launch and business expansion as their key developmental strategies to offer better products and services to customers in the market.

Composite Decking and Railing Market
By Region

2030
North America 
Europe
Asia-pacific
Lamea

North America holds a dominant position in 2020 and LAMEA is expected to grow at a highest rate during the forecast period.

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Key Benefits For Stakeholders

  • The report provides an extensive analysis of the current trends, future estimations, and dynamics of the market.
  • In-depth composite decking and railing market analysis is conducted by estimations for the key segments between 2021 and 2030.
  • Extensive analysis of the market is conducted by following key product positioning and monitoring of top competitors within the market framework.
  • A comprehensive analysis of four major regions is provided to determine the prevailing composite decking and railing market opportunities.
  • The composite decking and railing market forecast analysis from 2021 to 2030 is included in the report.
  • The key market players operating in the market are profiled in this report and their strategies are analyzed thoroughly, which help to understand the competitive outlook of the market industry.

Composite Decking and Railing Market Report Highlights

Aspects Details
By Type
  • Capped
  • Uncapped
By Application
  • Residential Sector
  • Non-residential Sector
By Resin Type
  • Polypropylene
  • Polyethylene
By Composition
  • Solid
  • Hollow
By Product Type
  • Decking
  • Railing
By Region
  • North America  (U.S, Canada, Mexico)
  • Europe  (Germany, France, UK, Italy, Rest of Europe)
  • Asia-Pacific  (China, Japan, South Korea, India, Rest of Asia-Pacific)
  • LAMEA  (Latin America, Middle East, Africa)
Key Market Players Axion Structural Innovations LLC, Fortress Building Products, Fortune Brands Home & Security, Inc. (Fiberon), Genova Products Inc., Green Bay Decking, Shanghai Seven Trust Industry Co., Ltd, The AZEK Company Inc. (TimberTech), Trex Company, Inc., UFP Industries, Inc., UPM
 

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The composite decking and railing market was valued at $2,633.8 million in 2020, and is expected to reach $9,185.5 million by 2030, registering a CAGR of 12.6% from 2021 to 2030. Need for beautification of buildings and advancements in composite material is the major driving factor of the global composite decking and railing market. The spending capacity of people on luxury is rising and this leads to installation of composite decking and railing on the outdoors of residential properties such as houses, villas, and penthouses as well as commercial properties such as hotels, resorts, and others. Moreover, advancement in material leads to increase in its strength, durability, and long life.

However, composite decking and railing cannot withstand harsh weather such as continuous high heat and storms. This factor leads to use of other alternative such as concrete decks and steel railings, which hampers the growth of the composite decking and railing market. On the contrary, rapid urbanization in emerging countries led to increase in construction of residential and commercial properties and is expected to create opportunities for growth of the composite decking and railing market during the forecast period.

Major companies in the market have adopted strategies, such as product launch and business expansion, to offer better services to customers in the composite decking and railing market.

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FREQUENTLY ASKED QUESTIONS?

A. The composite decking and railing market was valued at $2,633.8 million in 2020, and is expected to reach $9,185.5 million by 2030, registering a CAGR of 12.1% from 2021 to 2030.

A. The forecast period considered for the global composite decking and railing market is 2021 to 2030, wherein, 2020 is the base year, 2021 is the estimated year, and 2030 is the forecast year.

A. To get latest version of global composite decking and railing market report can be obtained on demand from the website.

A. The base year considered in the global composite decking and railing market report is 2020.

A. The top companies holding the market share in the global composite decking and railing market report include Axion Structural Innovations LLC, Fortress Building Products, Fortune Brands Home & Security, Inc. (Fiberon), Genova Products Inc., Green Bay Decking, Shanghai Seven Trust Industry Co., Ltd, The AZEK Company Inc. (TimberTech), Trex Company, Inc., UFP Industries, Inc., and UPM.

A. The top ten market players are selected based on two key attributes - competitive strength and market positioning

A. By type, the uncapped segment dominated the global composite decking and railing market, in terms of revenue and is expected to maintain this trend during the forecast period.

A. By application, the residential sector segment is the highest share holder of global composite decking and railing market.

A. The report contains an exclusive company profile section, where leading 10 companies in the market are profiled. These profiles typically cover company overview, geographical presence, market dominance (in terms of revenue and volume sales), various strategies and recent developments.

A. The market value of the global composite decking and railing market is $3,147.4 million in 2021.

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