Wooden Decking Market By Type (Pressure-Treated Wood, Redwood, Cedar), Application (Floor, Railing), End-User (Residential, Non-Residential), & Region for 2024-2031
Report ID: 37972|No. of Pages: 202
Wooden Decking Market By Type (Pressure-Treated Wood, Redwood, Cedar), Application (Floor, Railing), End-User (Residential, Non-Residential), & Region for 2024-2031
Wooden Decking Market Valuation – 2024-2031
The demand for wooden decking is rising for a variety of factors. People are spending more time outside, and they want to make their outdoor living spaces more comfortable and inviting. Wooden decking is a popular choice for this purpose due to its durability, versatility, and aesthetic appeal. The market size surpass USD 0.98 Billion valued in 2024 to reach a valuation of around USD 1.09 Billion by 2031.
The growing popularity of environmentally friendly building materials is also fueling demand for hardwood decking. Wood is a renewable resource that may be gathered and treated sustainably. The growing trend of DIY home repair projects is also driving up demand for wooden decking. Many individuals prefer to install their wooden decking as it is a simple undertaking that requires only basic tools and abilities. The rising demand for cost-effective and efficient wooden decking is enabling the market grow at a CAGR of 1.31% from 2024 to 2031.
Wooden Decking Market: Definition/ Overview
Wooden decking is a term used to describe flat surfaces or platforms that are often built outside, often elevated from the ground, and are made mostly of timber or hardwood. It’s utilized to expand living spaces and create useful areas like patios, gardens, and swimming platforms. Wooden decking materials such as pressure-treated wood, redwood, and cedar are noted for their longevity, aesthetic appeal, and decay resistance when properly maintained. Wooden decks are also commonly utilized in both residential and commercial settings for landscaping, outdoor entertainment, and lounging spaces.
The wooden decking market is predicted to expand as outdoor living trends rise, particularly in regions with growing construction activity. With growing demand for eco-friendly and sustainable building materials, advances in wood treatments and composite decking materials may improve durability and minimize care requirements, attracting more customers. The market may benefit from design advancements that provide customized solutions to match changing architectural preferences and construction sector sustainability goals.
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Will the Growing Outdoor Living Trend Drive the Wooden Decking Market?
The expanding outdoor living trend is driving the wooden decking market. The growing need for useful and aesthetically pleasing outdoor spaces has made wooden decking a popular choice among homeowners. The American Institute of Architects’ 2023 study listed outdoor living spaces as the most popular “special function room” for the eighth consecutive year, with 62% of architects reporting increased client interest. The increase in demand for outdoor spaces directly adds to the market’s growth.
The growth of residential construction is boosting the wooden decking market. According to the US Census Bureau, around 1.4 million new housing units will be built in 2023, driving up demand for outdoor upgrades such as hardwood decking. As homeowners want to improve their outdoor spaces, the rise in house development drives the growth of the wooden decking market.
Will the High Maintenance Hamper the Growth of the Wooden Decking Market?
High maintenance may impede the expansion of the wooden decking market. Wooden decks require regular maintenance, such as sealing, staining, and protecting against moisture and pests, which can be time-consuming and expensive for homeowners. This need for frequent maintenance may prevent consumers from choosing wood in favor of low-maintenance alternatives such as composite or PVC decking, hence limiting market growth.
Competition from alternative materials may impede the growth of the wooden decking market. Compared to wood, materials such as composite and PVC decking require less maintenance, are more durable, and have longer lifespans. These advantages make them appealing to consumers seeking cost-effective, hassle-free alternatives, potentially reducing demand for traditional wooden decking and slowing market growth.
Category-Wise Acumens
Will the Affordability Propel the Pressure-Treated Wood Segment for the Wooden Decking Market?
Pressure-treated wood remains the dominant segment in the wooden decking market. The pressure-treated wood segment of the wooden decking market is driven by affordability. Pressure-treated wood is much less expensive than alternative decking materials such as composite or hardwood, making it an appealing choice for budget-conscious homeowners. Its durability and resistance to decay make it a superb value for the price, driving up demand for residential and commercial decking projects.
The pressure-treated wood segment of the wooden decking market is driven by the need for durability in a variety of outdoor environments. Pressure-treated wood is chemically treated to withstand moisture, insects, and decay, making it ideal for outdoor use. Its resistance to extreme weather conditions and longer lifespan than untreated wood make it a popular choice for decking, driving demand among homeowners and builders.
Will the Traditional Use of the Floor Segment Fuel the Wooden Decking Market?
The floor segment is experiencing rapid growth for wooden decking. The traditional use of the floor segment drives the wooden decking market. Wooden decking has long been a popular choice for outdoor flooring due to its natural look, adaptability, and familiarity in both home and business settings. Its continuous use in patios, gardens, and poolside areas keeps demand high, as homeowners and builders favor wood for its classic charm and functional benefits, which drives market growth.
The visual attractiveness of the floor segment drives the wooden decking market. Wooden decking has a natural, timeless elegance that complements outdoor settings, making it a favorite choice among homeowners and designers. Its warmth, texture, and ability to match diverse architectural types drive demand, as many people strive to improve the visual attractiveness of their outdoor spaces, resulting in growth in the wooden decking market.
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Country/Region-wise Acumens
Will the Developed Construction Industry Lead the North American Region for the Wooden Decking Market?
North America remains the dominant region in the wooden decking market. The developed construction industry will propel the wooden decking market in North America. With the US Bureau of Labor Statistics anticipating a 4% rise in construction employment from 2022 to 2032, generating around 249,000 new jobs, the industry is well positioned to accommodate more decking installations. The North American Deck and Railing Association (NADRA) estimates over 60 million residential and 10 million commercial decks in the US, with 30 million being more than 20 years old, indicating a substantial market for replacements. According to a 2024 National Association of Home Builders (NAHB) poll, 85% of homebuyers consider outdoor decks “essential” or “desirable,” which reinforces the demand for wooden decking in both new constructions and repairs.
The availability of several wood species will propel the wooden decking market in North America. According to the USDA Forest Service, the US has around 823 million acres of forest land, which provides a consistent supply of acceptable timber species like pressure-treated pine, cedar, and redwood, as well as a growing interest in tropical hardwoods. According to the American Wood Council’s 2024 poll, 68% of homeowners prefer wood decking over synthetic ones due to its natural aesthetics and variety. Demand for sustainable wood species is predicted to rise by 25% over the next five years, driven by consumers’ growing environmental consciousness.
Will the Economic Growth Expand the Asia Pacific Region for the Wooden Decking Market?
The Asia-Pacific region is experiencing the fastest growth in the wooden decking market. Economic growth will drive the Asia-Pacific wooden decking market. The Asian Development Bank (ADB) forecasts GDP growth of 4.8% in 2024 and 4.5% in 2025, resulting in greater construction and refurbishment activity. The United Nations Economic and Social Commission for Asia and the Pacific (ESCAP) predicts that the construction industry will increase at a CAGR of 6.5% from 2023 to 2028, reaching $3.8 trillion by 2028. In India, metropolitan areas are expected to account for 70% of GDP by 2030, showing the enormous potential for residential and commercial wooden decking installations.
Government initiatives will drive Asia Pacific’s wooden decking market. 42 of 49 countries have national policies in place to promote green construction utilizing timber materials, indicating strong support for sustainable building techniques. The International Energy Agency (IEA) estimated a 15% rise in the use of sustainable wood products in building between 2020 and 2023. China’s goal of having prefabricated structures with wooden components account for 30% of new construction by 2025 might drive up wooden decking demand by 22%. Similarly, Japan expects a 50% increase in wood use in public buildings by 2025, while Australia’s “Wood Encouragement Policy” is predicted to increase demand for wooden decking in public places by 35% between 2024 and 2029.
Competitive Landscape
The wooden decking market is a dynamic and competitive space, characterized by a diverse range of players vying for market share. These players are on the run for solidifying their presence through the adoption of strategic plans such as collaborations, mergers, acquisitions, and political support.
The organizations are focusing on innovating their product line to serve the vast population in diverse regions. Some of the prominent players operating in the wooden decking market include:
- Cox Industries, Inc.
- Universal Forest Products, Inc.
- Setra Group
- Metsä Group
- James Latham PLC
- Humboldt Redwood Company
- Weyerhaeuser Company
- Vetedy Group
- UPM-Kymmene Corporation
- West Fraser Timber Co. Ltd.
- Mendocino Redwood Company
Latest Developments
- In February 2024, Trex announced a full line of Trex-branded deck fasteners and accessories. The new collection, which contains over 120 SKUs, provides solutions for every composite deck fastening and finishing need, from color-matched screws and plugs to specially engineered bits, depth setters, and clips, as well as many first-to-market innovations.
- In May 2023, Metsd Wood and SRV reached a deal to develop a Kerto LVL mill in Adnekoski
- In April 2023, MoistureShield expanded distribution to Illinois, Missouri, Lowa, and Kansas through Mid-Am Building Supply, Inc.
Report Scope
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| STUDY PERIOD | 2021-2031 |
| Growth Rate | CAGR of ~1.31% from 2024 to 2031 |
| Base Year for Valuation | 2024 |
| Historical Period | 2021-2023 |
| Forecast Period | 2024-2031 |
| Quantitative Units | Value in USD Billion |
| Report Coverage | Historical and Forecast Revenue Forecast, Historical and Forecast Volume, Growth Factors, Trends, Competitive Landscape, Key Players, Segmentation Analysis |
| Segments Covered |
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| Regions Covered |
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| Key Players | Cox Industries, Inc., Universal Forest Products, Inc., Setra Group, Metsä Group, James Latham PLC, Humboldt Redwood Company, Weyerhaeuser Company, Vetedy Group, UPM-Kymmene Corporation, West Fraser Timber Co. Ltd., Mendocino Redwood Company |
| Customization | Report customization along with purchase available upon request |
Wooden Decking Market, By Category
Type:
- Pressure-treated Wood
- Redwood
- Tropical Hard Wood
- Cedar
- Wood-Plastic Composites (WPC)
Application:
- Floor
- Railing
- Wall
End-User:
- Residential
- Non-Residential
Region:
- North America
- Europe
- Asia-Pacific
- South America
- Middle East & Africa
Research Methodology of Verified Market Research:
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Reasons to Purchase this Report
• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
• Provision of market value (USD Billion) data for each segment and sub-segment
• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis
• Provides insight into the market through Value Chain
• Market dynamics scenario, along with growth opportunities of the market in the years to come
• 6-month post-sales analyst support
Customization of the Report
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Frequently Asked Questions
1 INTRODUCTION OF GLOBAL WOODEN DECKING MARKET
1.1 Overview of the Market
1.2 Scope of Report
1.3 Assumptions
2 EXECUTIVE SUMMARY
3 RESEARCH METHODOLOGY OF VERIFIED MARKET RESEARCH
3.1 Data Mining
3.2 Validation
3.3 Primary Interviews
3.4 List of Data Sources
4 GLOBAL WOODEN DECKING MARKET OUTLOOK
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 GLOBAL WOODEN DECKING MARKET, BY TYPE
5.1 Overview
5.2 Pressure treated wood
5.3 Redwood
5.4 Cedar
5.5 Others
6 GLOBAL WOODEN DECKING MARKET, BY END-USER
6.1 Overview
6.2 Residential
6.3 Non-residential
7 GLOBAL WOODEN DECKING MARKET, BY APPLICATION
7.1 Overview
7.2 Building Materials
7.3 Rails & Infrastructure
8 GLOBAL WOODEN DECKING MARKET, BY GEOGRAPHY
8.1 Overview
8.2 North America
8.2.1 U.S.
8.2.3 Canada
8.2.4 Mexico
8.3 Europe
8.3.1 Germany
8.3.2 U.K.
8.3.3 France
8.3.4 Rest of Europe
8.4 Asia Pacific
8.4.1 China
8.4.2 Japan
8.4.3 India
8.4.4 Rest of Asia Pacific
8.5 Rest of the World
8.5.1 Latin America
8.5.2 Middle East and Africa
9 GLOBAL WOODEN DECKING MARKET COMPETITIVE LANDSCAPE
9.1 Overview
9.2 Company Market Ranking
9.3 Key Development Strategies
10 COMPANY PROFILES
10.1 Cox Industries, Inc
10.1.1 Overview
10.1.2 Financial Performance
10.1.3 Product Outlook
10.1.4 Key Developments
10.2 Universal Forest Products, Inc.
10.2.1 Overview
10.2.2 Financial Performance
10.2.3 Product Outlook
10.2.4 Key Developments
10.3 Setra Group
10.3.1 Overview
10.3.2 Financial Performance
10.3.3 Product Outlook
10.3.4 Key Developments
10.4 Metsä Group
10.4.1 Overview
10.4.2 Financial Performance
10.4.3 Product Outlook
10.4.4 Key Developments
10.5 James Latham PLC
10.5.1 Overview
10.5.2 Financial Performance
10.5.3 Product Outlook
10.5.4 Key Developments
10.6 Humboldt Redwood Company
10.6.1 Overview
10.6.2 Financial Performance
10.6.3 Product Outlook
10.6.4 Key Developments
10.7 West Fraser Timber Co. Ltd.
10.7.1 Overview
10.7.2 Financial Performance
10.7.3 Product Outlook
10.7.4 Key Developments
10.8 Weyerhaeuser Company
10.8.1 Overview
10.8.2 Financial Performance
10.8.3 Product Outlook
10.8.4 Key Developments
10.9 Vetedy Group
10.9.1 Overview
10.9.2 Financial Performance
10.9.3 Product Outlook
10.9.4 Key Developments
10.10 UPM-Kymmene Corporation
10.10.1 Overview
10.10.2 Financial Performance
10.10.3 Product Outlook
10.10.4 Key Developments
11 KEY DEVELOPMENTS
11.1 Product Launches/Developments
11.2 Mergers and Acquisitions
11.3 Business Expansions
11.4 Partnerships and Collaborations
12 Appendix
12.1 Related Research
Report Research Methodology
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Exploratory data mining
Market is filled with data. All the data is collected in raw format that undergoes a strict filtering system to ensure that only the required data is left behind. The leftover data is properly validated and its authenticity (of source) is checked before using it further. We also collect and mix the data from our previous market research reports.
All the previous reports are stored in our large in-house data repository. Also, the experts gather reliable information from the paid databases.
For understanding the entire market landscape, we need to get details about the past and ongoing trends also. To achieve this, we collect data from different members of the market (distributors and suppliers) along with government websites.
Last piece of the ‘market research’ puzzle is done by going through the data collected from questionnaires, journals and surveys. VMR analysts also give emphasis to different industry dynamics such as market drivers, restraints and monetary trends. As a result, the final set of collected data is a combination of different forms of raw statistics. All of this data is carved into usable information by putting it through authentication procedures and by using best in-class cross-validation techniques.
Data Collection Matrix
| Perspective | Primary Research | Secondary Research |
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| Supplier side |
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Econometrics and data visualization model
Our analysts offer market evaluations and forecasts using the industry-first simulation models. They utilize the BI-enabled dashboard to deliver real-time market statistics. With the help of embedded analytics, the clients can get details associated with brand analysis. They can also use the online reporting software to understand the different key performance indicators.
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The collected data includes market dynamics, technology landscape, application development and pricing trends. All of this is fed to the research model which then churns out the relevant data for market study.
Our market research experts offer both short-term (econometric models) and long-term analysis (technology market model) of the market in the same report. This way, the clients can achieve all their goals along with jumping on the emerging opportunities. Technological advancements, new product launches and money flow of the market is compared in different cases to showcase their impacts over the forecasted period.
Analysts use correlation, regression and time series analysis to deliver reliable business insights. Our experienced team of professionals diffuse the technology landscape, regulatory frameworks, economic outlook and business principles to share the details of external factors on the market under investigation.
Different demographics are analyzed individually to give appropriate details about the market. After this, all the region-wise data is joined together to serve the clients with glo-cal perspective. We ensure that all the data is accurate and all the actionable recommendations can be achieved in record time. We work with our clients in every step of the work, from exploring the market to implementing business plans. We largely focus on the following parameters for forecasting about the market under lens:
- Market drivers and restraints, along with their current and expected impact
- Raw material scenario and supply v/s price trends
- Regulatory scenario and expected developments
- Current capacity and expected capacity additions up to 2027
We assign different weights to the above parameters. This way, we are empowered to quantify their impact on the market’s momentum. Further, it helps us in delivering the evidence related to market growth rates.
Primary validation
The last step of the report making revolves around forecasting of the market. Exhaustive interviews of the industry experts and decision makers of the esteemed organizations are taken to validate the findings of our experts.
The assumptions that are made to obtain the statistics and data elements are cross-checked by interviewing managers over F2F discussions as well as over phone calls.
Different members of the market’s value chain such as suppliers, distributors, vendors and end consumers are also approached to deliver an unbiased market picture. All the interviews are conducted across the globe. There is no language barrier due to our experienced and multi-lingual team of professionals. Interviews have the capability to offer critical insights about the market. Current business scenarios and future market expectations escalate the quality of our five-star rated market research reports. Our highly trained team use the primary research with Key Industry Participants (KIPs) for validating the market forecasts:
- Established market players
- Raw data suppliers
- Network participants such as distributors
- End consumers
The aims of doing primary research are:
- Verifying the collected data in terms of accuracy and reliability.
- To understand the ongoing market trends and to foresee the future market growth patterns.
Industry Analysis Matrix
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