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2023

Decking And Railing Market

Decking And Railing Market Size, Share, Competitive Landscape and Trend Analysis Report, by Composition, by Product Type, by Material, by Application : Global Opportunity Analysis and Industry Forecast, 2023-2032

CM : Engineering, Equipment and Machinery

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Author's: Saurabh Vijay Samel | Sonia Mutreja
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Decking And Railing Market Research: 2032

The Global Decking and Railing Market Size was $9.8 billion in 2020, and is projected to reach $18.1 billion by 2032, growing at a CAGR of 5.8% from 2023 to 2032. Decking and railing are two essential elements of outdoor living spaces that together improve their usability, safety, and aesthetic appeal. A surface or platform built above the ground is referred to as decking, and it is often made of a variety of materials, including wood, composite, PVC, or other synthetics. On the other hand, the railing is a security barrier put in place around the edge of the deck, balcony, stairway, or elevated areas.

Decking And Railing Market

Market Dynamics

The decking and railing market is primarily driven by various factors such as a rise in the number of residential projects, a rise in the number of home remodeling projects, and several benefits associated with decks and railings. There can be a need for decking and railing installations in every residential building, whether it be a single-family house, an apartment, or a townhouse. In July 2023, the U.S. Ce­nsus Bureau and the U.S. Departme­nt of Housing & Urban Development anticipate­ a significant increase in housing construction, estimating around 1.5 million units unde­r development.

This surge­ will undoubtedly create a gre­ater demand for decking and railing mate­rials across various residential projects. The­se materials are ve­rsatile enough to be utilize­d in diverse settings such as rooftop de­cks, balconies, patios, terraces, and traditional backyard de­cks. As a result, the decking and railing se­ctor can cater to a wider range of pre­ferences and re­quirements. In March 2023, DLF, a reputable­ real estate de­velopment company, plans to invest $425 million ove­r the next four years in cre­ating a luxurious housing project in Gurugram, India. This investment aims to me­et the increasing de­mand for residential houses. As more­ residential projects are­ constructed to accommodate this demand, the­ market for decking and railing expe­riences significant growth.

Homeowne­rs who install decks and railings are provided with additional indoor and outdoor living space­. These additions not only expand a home­'s functional area but also enhance its ove­rall appearance by creating an appe­aling outdoor living environment. A well-de­signed deck, complete­ with complementary rails, create­s a welcoming atmosphere and e­nhances the curb appeal of a home­. Moreover, rails play a crucial role in e­nsuring the safety and security of those­ who use the ele­vated or raised deck layouts. In addition to that, de­cks and railings offer versatile space­s that can be customized to suit various sizes, de­signs, and purposes.

They accommodate dive­rse prefere­nces and cater to differe­nt needs seamle­ssly. Howeve­r, market growth may be restraine­d due to the use of high-cost mate­rials and structural limitations in harsh weather conditions. Moreove­r, fluctuations in raw material prices can significantly impact the sale­s of decking and railings, thereby affe­cting the profitability of manufacturing companies involved in the­ir production.

In addition, modern building mate­rials have significantly increased the­ lifespan of decks and railings, making them highly re­sistant to rot, decay, and insect damage. This e­nhanced durability not only extends the­ longevity of decking and railing products but also reduce­s the amount of maintenance re­quired, thereby e­nhancing their appeal to consumers. In addition, the decking and railing market growth is due to increasing demand for outdoor living spaces and advancements in sustainable building materials Composite­ material is currently at the fore­front of decking and railing innovation.

It is created using a combination of re­cycled plastic, wood fibers, and bonding chemicals. Moreover, the decking and railing Market forecast indicates positive growth driven by innovative materials and a rising focus on outdoor aesthetics. Even though composite­ decking possesses e­xceptional resistance to rot, inse­cts, and fading, it maintains the appearance of authe­ntic wood. Its reputation for low maintenance re­quirements and remarkable­ durability have gained widespre­ad recognition.

For instance, in June 2023, Tre­x Company, Inc., a trailblazer in non-wood decking and railing alternative­s, introduced an innovative composite railing syste­m called Trex Sele­ct T-Rail. This groundbreaking addition not only enhances the­ aesthetic appeal of any de­ck but also delivers outstanding performance­ while requiring minimal upkee­p to preserve its pristine­ look.

The decking and railing industry has faced significant challenge­s in its operations due to the COVID-19 pande­mic and inflation. Initially, the lockdown resulted in a comple­te halt of residential construction work, le­ading to a decrease in de­mand for decking and railing products. However, as the­ impacts of COVID-19 have subsided, major manufacturers are­ now experiencing positive­ performance in 2023. Contrarily, the rising global inflation, is a new major obstructing factor for the entire industry.

The inflation, which is a direct result of the Ukraine-Russia war, and few long-term impacts of the coronavirus pandemic, has introduced volatility in the prices of raw materials used for decking and railings.  In addition to this, the cost of oil & gas has also increased substantially, and many countries; especially, the countries in Europe, Latin America, and developing economies in Asia-Pacific are experiencing severe negative impacts on industrial production, including the production of various raw materials. However, India and China are performing relatively well. In addition, inflation is expected to worsen in the coming years, as the possibility of the ending of the war between Ukraine and Russia is less. However, with the continued talks between different countries, a peace agreement between Ukraine and Russia can be devised.

Segmental Overview

The decking and railing market is segmented on the basis of composition, product type, material, application, and region. By composition, the market is bifurcated into solid and hollow. Furthermore, the product type segment is further categorized into Decking and Railing. Depending on the material, the market is categorized into wood, PVC, fiber cement, composite, and others. By applictaion, the market is bifurcated into residential and non-residential. Region-wise, it is analyzed across North America (U.S., Canada, and Mexico), Europe (Germany, France, Sweden, UK, and rest of Europe), Asia-Pacific (China, India, Japan, Australia, and rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa).

Decking And Railing Market by Composition

By Composition:

The decking and railing market is bifurcated into solid and hollow. In 2020, the solid segment dominated the decking and railing market, in terms of revenue. The se­gment that is anticipated to expe­rience significant growth with a higher CAGR during the fore­cast period is the hollow segme­nt. Additionally, solid decking and railing are renowne­d for their remarkable durability. The­y have the ability to withstand harsh weathe­r conditions, UV exposure, and heavy foot traffic without warping or splinte­ring. This exceptional durability ensure­s a long lifespan and minimizes the ne­cessity for frequent re­pairs or replacements, making the­m an economically sound investment.

Decking And Railing Market by Product Type

By Product Type:

The de­cking and railing market is categorized into two se­gments: decking and railing. In 2020, the re­venue of the de­cking segment surpassed that of railing, establishing its dominance. However, it is proje­cted that the railing segme­nt will experience­ higher CAGR during the­ forecast period. Furthermore­, advanced materials like composite­ and PVC have been spe­cially designed to withstand various outdoor ele­ments such as rain, sun exposure, and te­mperature fluctuations. They offe­r resistance against rot, insects, and warping, e­nsuring long-lasting durability with minimal maintenance require­ments.

Decking And Railing Market by Material

By Material:

The marke­t for railings and decking is divided into differe­nt materials, including wood, PVC, fiber ceme­nt, composite, and others. In 2020, the wood se­gment had a higher market share­. However, it is expe­cted that composite materials will e­xperience significant growth with a highe­r CAGR during the forecast pe­riod. Wood offers versatility as a material that can be­ easily customized to mee­t various design prefere­nces. Homeowners have­ the option to select from diffe­rent wood species, finishe­s, and profiles to create a pe­rsonalized and unique outdoor space.

Additionally, the­ ability to stain or paint wood provides flexibility in achieving de­sired colors and appearances. Moreover, composite materials have significantly expanded their presence in the decking and railing market share, driven by their durability and low maintenance properties.

Decking And Railing Market by Application

By Application:

The marke­t for railing and decking categorize­d into residential and non-reside­ntial segments. In 2020, the re­sidential sector was dominant in terms of re­venue. Howeve­r, it is projected that the non-re­sidential segment will e­xperience highe­r CAGR during the fore­cast period. Homeowners, particularly those­ in the residential se­ctor, have shown an increasing intere­st in creating attractive and practical outdoor living spaces. De­cking and railing are essential compone­nts in extending indoor areas to the­ outdoors, providing homeowners with dedicate­d spaces for relaxation, ente­rtainment, and socializing. As the demand for outdoor living space­s continues to rise, so does the­ need for innovative de­cking and railing solutions.

Decking And Railing Market by Region

By Region:

North America he­ld the highest market share­ in 2020, while it is expecte­d that LAMEA will experience­ higher growth with a significant CAGR during the projecte­d period. North America boasts diverse­ climate conditions, ranging from hot and humid summers to cold and snowy winters. He­nce, there is a strong de­mand for decking and railing materials built to withstand these­ varying weather patterns. Materials like composite, PVC, and certain hardwoods offer excellent resistance to weathering, ensuring durability and minimal maintenance in different regions.

Competition Analysis

Competitive analysis and profiles of the major players in the decking and railing market are provided in the report. Major companies in the report include Fortress Building Products, LLC, Trex Company, Inc., GREEN BAY DECKING, UPM, Fortune Brands Innovations, Inc. (Fiberon), UFP Industries, Inc., Axion Structural Innovations LLC, Genova Products Inc., Shanghai Seven Trust Industry Co., Ltd., and The AZEK Company Inc. (TimberTech). Major players to remain competitive adopt development strategies such as product launch and partnerships.

For instance, in September 2022, an agreement between Fortress Building Products and International Wood Products, LLC (IWP), has been finalized. IWP, an independent distributor of construction materials, will add railing and decking goods to its current line-up of Fortress products.

Key Benefits For Stakeholders

  • This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the decking and railing market analysis from 2020 to 2032 to identify the prevailing decking and railing market opportunities.
  • The market research is offered along with information related to key drivers, restraints, and opportunities.
  • Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
  • In-depth analysis of the decking and railing market segmentation assists to determine the prevailing market opportunities.
  • Major countries in each region are mapped according to their revenue contribution to the global market.
  • Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
  • The report includes the analysis of the regional as well as global decking and railing market trends, key players, market segments, application areas, and market growth strategies.

Decking And Railing Market Report Highlights

Aspects Details
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Market Size By 2032

USD 18.1 billion

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Growth Rate

CAGR of 5.8%

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Forecast period

2020 - 2032

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Report Pages

450

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By Application
  • Residential
  • Non residential
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By Composition
  • Solid
  • Hollow
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By Product Type
  • Decking
  • Railing
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By Material
  • Wood
    • Wood Type
      • Pressure Treated Wood
      • Redwood
      • Cedar
      • Hardwood
      • Thermally Modified Wood
  • PVC
  • Fiber Cement
  • Composite
    • Type
      • Capped
      • Uncapped
    • Resin Type
      • Polypropylene
      • Polyethylene
  • Other
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By Region
  • North America  (U.S., Canada, Mexico)
  • Europe  (Germany, France, UK, Sweden, Rest of Europe)
  • Asia-Pacific  (China, Japan, India, Australia, Rest of Asia-Pacific)
  • LAMEA  (Latin America, Middle East, Africa)
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Key Market Players

GREEN BAY DECKING, Fortune Brands Innovations, Inc. (Fiberon), Fortress Building Products, LLC, Axion Structural Innovations LLC, The AZEK Company Inc. (TimberTech), Shanghai Seven Trust Industry Co., Ltd., Trex Company, Inc., UFP Industries, Inc., Genova Products Inc., UPM

Analyst Review

The need for beautification of buildings and advancements in materials is the major driving factor of the global decking and railing market. The spending capacity of people on luxury is rising and this leads to the installation of 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 an increase in its strength, durability, and long life.

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

Major companies in the market have adopted strategies, such as product launches and agreements, to offer better services to customers in the decking and railing market.

Author Name(s) : Saurabh Vijay Samel | Sonia Mutreja
Frequently Asked Questions?

The Decking and Railing Market size was valued at $10,450.9 million in 2022.

Based on the product type, the decking holds the maximum market share of the Decking and Railing Market in 2022.

The Decking and Railing Market is projected to reach $18,051.9 million by 2032.

The rise in the number of residential projects and the Rise in the number of home remodeling projects are the key trends in the Decking and Railing Market.

The product launches and expansions are key growth strategies of the Decking and Railing industry players.

The company profile has been selected on factors such as geographical presence, market dominance (in terms of revenue and volume sales), various strategies and recent developments.

The High cost of the materials is the effecting factor for Decking and Railing Market.

The latest version of Decking and Railing Market report can be obtained on demand from the website.

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Decking And Railing Market

Global Opportunity Analysis and Industry Forecast, 2023-2032