The “Wooden Decking Market” 2019-2024 focuses on highlighting technological developments, innovations, and growth prospects. The study of the Wooden Decking industry is very important to enhance industry productivity and for the study of the market forecast. A detailed analysis of key trends, drivers, restraints, and opportunities manipulating revenue growth is presented in this Wooden Decking market research report. Overall, the study offers an in-depth overview of the market covering all major parameters.
Wooden Decking Market report aims to provide useful and comprehensive insights into current market trends and future growth scenarios. Wooden Decking market report contains information like SWOT analysis, business highlights, strengths, weaknesses, threats, and opportunities of the industry.
Key Players Mentioned in the Wooden Decking Market Are:
AZEK Building Products (TimberTech)
Sundek Interio
United Construction Products
Inc.
DuraLife
Alfresco Floors Ltd
Koppers Inc.
Humboldt Redwood Company
Kebony AS
Metsa Wood
Thermory AS
Trex Company Inc.
Universal Forest Products Inc.
Deck Solutions LLC
Market Overview:
The global wooden decking market is expected to record a CAGR of over 5% during the forecast period of 20192024. The major factors driving the market studied are an increase in remodeling and refurbishment activities and demand for lavish infrastructure in developed nations.
– Replacement by composite decking is expected to hinder the growth of the market studied.
– Increasing awareness about wooden decking in emerging nations is likely to act as an opportunity in the forecast period.
Scope of the Report:
This report studies the global Wooden Decking market size, industry status and forecast, competition landscape and growth opportunity.
Wooden Decking Market Report Answers the Following Questions:
What will the market size and the growth rate be in 2024?
What are the key factors driving the global Wooden Decking market?
What are the key market trends impacting the growth of the global Wooden Decking market?
What are the challenges to market growth?
Who are the key vendors in the global Wooden Decking market?
What are the market opportunities and threats faced by the vendors in the global Wooden Decking market?
Trending factors influencing the market shares of the relevant regions.
What are the key outcomes of the five forces analysis of the global Wooden Decking market?
Key Market Trends:
Residential Sector to Dominate the Market
– Wooden decking is used in the residential sector both for new construction and repair and refurbishment in buildings. It is for a wide variety of purposes, such as cladding and siding, pathways, swimming pool decks, flooring, etc. in residential construction. The increasing demand for residential projects worldwide is expected to drive the wooden decking market through the forecast period.
– Countries, such as the United States, Germany, and China are expected to dominate the residential construction market through the forecast period.
– In the United States, the residential construction sector is expected to rise by around 6% in 2019, with construction for single-family expected to rise by 9% during the same year.
– In China, residential property investment was up 11.6% in the first two months of 2019, the fastest pace since August 2014. According to China’s National Bureau of Statistics, the primary residential sales reached USD1.9 trillion, in the year 2018.
– The European construction industry has now come on track since 2014. The construction output has been increased by more than 9% in the last four years. A growth rate of 6% is expected till 2020. The factor driving the growth in construction demand is the robust economic growth, with increasing household income and corporate profits.
– Overall, the booming residential market is expected to drive the use of wooden decking in the particular sector throughout the forecast period.
Source: https://bit.ly/2Y8bqWa
