Wooden Deck Market Outlook - 2027

Deck is similar to floor and one of the surfaces, which is flat and supports withstand weight. This deck is used to build outdoors that is uplifted from the ground and which is always connected to the building which is useful in adding new aesthetic dimension to the house. Adding something with innovation enhances the outlook of site. Wooden decking is used in many applications, garden landscaping, extension of living areas, and others. These decks comprise composite lumber, aluminums, treated lumber, and composite material. Mostly, decks are made up of pressure-treated lumber and very often steel.

There is an increase in the wooden decking market size owing to rise in demand for luxurious homes in the developing nations and surge in renovation activities. There was a time of repercussion of 2009 economic recession, when many people were not interested to invest in the repair, refurbishment, and decking projects due to uncertainty of time. However, with time, situation became normal and prices of houses boosted the confidence and willingness among buyers across the globe. Moreover, in some countries, there has been an increase in the housing prices than the rent prices, which signifies the growth of this sector in the coming times. All these factors drive the growth of the market.

Market scope and structure analysis:

Covid-19 Impact On Market

• Complete shutdown of the production and operation due to Global lockdown as the result of the pandemic situation.
• There is already a surplus of hydrocarbon products like petrol, diesel, and others due to the non-consumption during the lockdown phase so further growth of mud pump market will be slow for at least  the year 2020.
• More technological advancement is the need of the hour in the production of mud pumps for improving the efficiency since there has been a surge in prices of oil.
• Industries will not operate at their full potential since new Government Rules and Regulations has been framed in order to cut down the work force on the workshop floor therefore less need of hydrocarbon product.
• More stringent rules can be imposed for oil trade activities across the country. 
• Decreased consumer demand and consumption has led to reduction and slow down of sales of construction materials all over the globe over the course of the current economic year.

Top impacting factors: Market Scenario Analysis, Trends, Drivers, and Impact Analysis

Key drivers that boost the popularity of wooden decking include increased investment for infrastructural development, rapid industrialization, and strong economic conditions. The wooden decking market has also gained popularity due to surge in awareness among people regarding the use of wooden deck floorings and railings for enhancing the aesthetic beauty of houses. In the developed regions, such as the U.S., Germany, and Japan, people spend significantly on remodeling their homes, which in turn, has resulted in continuous demand for wooden decking, thereby boosting the market growth. However, hardwoods are expensive than other decking materials (steel/concrete), which is expected to hamper the growth of the wooden decking market. Nevertheless, rise in demand for new-fashioned buildings and speedy industrial development create lucrative opportunities for the wooden decking market. Increase in remodeling and refurbishment activities of house and apartments leads to increase in this market. 

Growth in the demand for wooden decking

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 fuels the growth of the global wooden decking market. Company’s focus on investing huge amount on infrastructure sectors is expected to boost the growth of the global market. Accelerating urbanization also positively impacts the market growth. 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, rots, and internal decaying, which fosters its adoption among its end users.

Key segments covered:

Key benefits of the report:

• This study presents the analytical depiction of the wooden decking industry along with the current trends and future estimations to determine the future of the market. 
• The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the wooden decking market share.
• The current market is quantitatively analyzed from 2020 to 2027 to highlight the wooden decking market growth scenario.