Skip to main content

Wooden Decking Market by End-Use(Residential, Non-Residential), and Region - Global Forecast to 2021

MarketsandMarkets projects that the wooden decking market size will grow from USD 7.21 Billion in 2015 to USD 7.81 Billion by 2021, at an estimated CAGR of 1.43%. The wooden decking market is expected to witness high growth as a result of the rising urbanization, large-scale investments in infrastructure & industrial sectors, and rising construction activities in emerging economies.
Residential buildings to gain maximum traction
The residential sector is projected to be the fastest-growing segment in the wooden decking market during the forecast period. The properties offered by wooden decks such as resistance to splinter & rot, durability, stability, sustainability, and enhanced looks are useful in application areas such as docks, marinas, patios, pool areas, hotels, and resorts.
Wooden decks are used in residential and non-residential buildings. The global market, in terms of end use, was dominated by residential buildings. Rising disposable incomes of the urban population is stimulating the construction of new houses in urban regions, giving rise to an increased demand for wooden decks. Growth in construction expenditures in the non-residential sector will continue to support the demand for wooden decks.
“North American wooden decking market constitutes the largest market share.”
The U.S. contributes a major market share in the global as well as North American wooden decking market. The recovery of the U.S. residential market by 2010 after the 2007–2009 recession, and the increasing demand for low maintenance building products are some of the factors driving the wooden decking market in North America. This market in the U.S. is growing rapidly due to the presence of numerous leading players in this region.
The major players in the wooden decking market include UPM-Kymmene Corporation (Finland), Weyerhaeuser Company (U.S.), West Fraser Timber Co. Ltd. (Canada), Universal Forest Products, Inc. (U.S.), Metsä Group (Finland), Setra Group (Sweden), James Latham plc (U.K.), Cox Industries Inc. (U.S.), Humboldt Redwood Company and Mendocino Redwood Company (U.S.), and Vetedy Group (U.S.).
Labels:
Location: North America

Comments

Post a Comment

Popular posts from this blog

The residential buildings industry is estimated to play a key role in the plumbing fixtures & fittings market

The  plumbing fixtures & fittings market  is projected to reach USD 139.4 Billion by 2027. The plumbing fixtures & fittings market size is estimated to grow from USD 86.5 billion in 2018 to USD 139.4 billion by 2027. Fixtures & fittings are used in residential and non-residential buildings in bathtub & shower fixtures, sink fixtures, toilet fixtures, and sink fittings among others. The residential buildings industry accounted for the largest market share in 2018. Rising disposable incomes of the urban population is stimulating the construction of new houses in urban regions, resulting in an increased demand for plumbing fittings & fixtures. The demand for plumbing products for replacements is especially high in the residential construction sector. Home kitchen remodeling projects typically involve the installation of multiple sinks for convenient cooking and bathrooms, thereby increasing the demand for plumbing fixtures & fittings. Download...
Post a Comment
Read more

Pipeline Monitoring System Market worth $19.2 billion by 2026

The global pipeline monitoring system market size is projected to grow from USD 13.2 billion in 2021 to USD 19.2 billion by 2026, at a CAGR of 7.8% from 2021 to 2026. The pipeline monitoring systems market is expected to witness high growth as a result of increased number of oil & gas leakages in production, pipelines, and storage tanks due to natural disasters and high pressure along with stringent government regulations for pipeline safety and security and expansion and upgradation of pipelines. The growth in trend of the development of new devices and solutions to monitor the pipeline performance, optimize the resources, automate the functions, and safeguard the operations fuels the growth of pipeline monitoring systems. To know about the assumptions considered for the study download the pdf brochure In terms of value, the metallic pipes segment is estimated to lead the pipeline monitoring system market in 2020. The metallic pipes segment accounted for the largest market share ...
Post a Comment
Read more

New Product Launches, Expansions, Mergers & Acquisitions, and Partnerships are Some of the Major Strategies Adopted by the Market Players to Achieve Growth in the Ceramic Tiles Market.

Ceramic tiles can be defined as a ceramic surface unit, made from clay or a mixture of clay and other ceramic materials which find applications in floors, walls, and roofs. It plays a vital role in enhancing the aesthetics of residential and commercial construction. The ceramic tiles market is estimated at USD 227.89 Billion in 2018 and is projected to reach USD 320.06 Billion by 2023, at a CAGR of 7.03%. The demand for ceramic tiles is expected to be driven by factors such as their ease of maintenance, high durability, water & moisture resistance, and aesthetic appeal. Therefore, they find application in several residential as well as non-residential spaces. The ceramic tiles market is led by major players such as Mohawk Industries (US), Siam Cement (Thailand), Grupo Lamosa (Mexico), Kajaria Ceramics (India), and China Ceramics (China). Extensive product portfolio, coupled with a network of facilities across the globe, contributes toward the leading position of these market ...
Post a Comment
Read more