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

Wooden Decking Market worth 7.81 Billion USD by 2021

The report  " Wooden Decking Market  by Type (Pressure-Treated Wood, Cedar Wood, Redwood), Application (Building Material, Rails & Infrastructure), Type of Construction (Repairs & Remodeling, New Decks on New Constructions), End-Use, and Region - Global Forecast to 2021" , The wooden decking market size is estimated to grow from USD 7.21 Billion in 2015 to USD 7.81 Billion by 2021, at a CAGR of 1.43%.                Browse 189 market data Tables and 52 Figures spread through 213 Pages and in-depth TOC on  "Wooden Decking Market by Type (Pressure-Treated Wood, Cedar Wood, Redwood), Application (Building Material, Rails & Infrastructure), Type of Construction (Repairs & Remodeling, New Decks on New Constructions), End-Use, and Region - Global Forecast to 2021" https://www.marketsandmarkets.com/Market-Reports/wooden-decking-market-23321178.html Early buyers will receive 10% customization on reports. BUY NOW It is projected to witness signi
1 comment
Read more

Perlite Market worth 2.20 Billion USD by 2022

The report  “ Perlite Market  by Form (Expanded Perlite and Crude Perlite), Application (Construction, Agriculture & Horticulture, and Industrial), and Region (North America, Europe, Asia Pacific, Middle East & Africa, and South America) – Global Forecast to 2022″ , size is estimated to grow from USD 1.51 Billion in 2017 to USD 2.20 Billion by 2022, at a CAGR of 7.78%. The market is projected to witness significant growth over the next few years with the increasing demand for new constructions due to rapid urbanization and industrialization with large-scale investments in the commercial and infrastructural sectors. The rising demand for perlite in emerging economies and the increasing inclination toward sustainable construction methods are increasing the reliance on modern construction materials, thus creating growth opportunities for the perlite market. Browse 126 Tables and 25 Figures spread through 133 Pages and in-depth TOC on  “ Perlite Market “ Early buyers will
1 comment
Read more

Ceramic Tiles Market worth $285.1 billion by 2025

The ceramic tiles market is projected to grow from USD 207.7 billion in 2020 to USD 285.1 billion by 2025, at a CAGR of 6.5% during the forecast period. Growth in investments in the construction industry, coupled with a rise in the number of renovation & remodeling activities, further boost the growth of the market for ceramic tiles. The rise in demand from emerging economies and the growth of the organized retail sector create growth opportunities for the market. The Porcelain segment is projected to dominate the global ceramic tiles market through 2025 The demand for porcelain tiles in recent years has been increasing due to their superior properties, such as low water absorption, slip resistance, and anti-bacterial properties. These properties make porcelain tiles highly popular for kitchens, bathrooms, and hospitals. To know about the assumptions considered for the study download the pdf brochure The flooring segment is projected to grow at the highest CAGR in the ceramic tile
Post a Comment
Read more