logo

Wooden Decking Market Size (2024 - 2029)

The Wooden Decking Market is projected to experience significant growth over the forecast period, driven by a resurgence in demand following the pandemic-related downturn. The market's expansion is supported by increased investments in the global construction sector and favorable government policies. Long-term growth is anticipated due to rising remodeling and refurbishment activities, as well as heightened demand for housing and luxury infrastructure in developed countries. However, the market's growth may be challenged by the adoption of composite decking materials. Opportunities are expected to arise from advancements in wood modification technologies. The Asia-Pacific region is anticipated to lead in terms of growth rate during the forecast period.

Home Market Analysis Chemicals & Materials Research Construction Chemicals and Materials Research Building Materials Research Wooden Decking Research Wooden Decking Market Market Size

Market Size of Wooden Decking Industry

Wooden Decking Market Summary
Study Period 2019 - 2029
Market Size (2024) USD 24.67 Billion
Market Size (2029) USD 32.08 Billion
CAGR (2024 - 2029) 5.39 %
Fastest Growing Market Asia-Pacific
Largest Market North America
Market Concentration Low

Major Players

Wooden Decking Market Major Players

*Disclaimer: Major Players sorted in no particular order

Wooden Decking Market Analysis

The Wooden Decking Market size is estimated at USD 24.67 billion in 2024, and is expected to reach USD 32.08 billion by 2029, growing at a CAGR of 5.39% during the forecast period (2024-2029).

In 2020, due to the COVID-19 pandemic, most infrastructure projects were shut down for a specified period. Owing to this, the demand for wooden decking was reduced drastically. However, the sector has been recovering well since restrictions were lifted. Growing investments in the construction sector globally and favorable government policies have been leading the market recovery in 2021 and 2022.

  • Over the long term, an increase in remodeling and refurbishment activities and the demand for housing and lavish infrastructure in developed nations will likely stimulate the market demand.
  • On the flip side, replacement by composite decking is expected to hinder the market's growth.
  • Wood modification for enhanced properties is likely to create opportunities for the market in the coming years.
  • The Asia-Pacific region is likely to witness the highest CAGR during the forecast period.

Wooden Decking Industry Segmentation

A deck is an elevated surface usually constructed outdoors, elevated from the ground, and connected to the buildings. A wooden deck gives functional outdoor living space. A railing mainly encloses it for safety purposes. Wooden deck rails are composed of an assembly of parts. There are different methods for building guardrails with various materials for decks, but most rails made from wood share a common set of components. The wooden decking market is segmented by type, application, end-user industry, and geography. The market is segmented by pressure-treated wood, redwood, tropical hardwood, cedar, wood-plastic composites, and other types. By application, the market is segmented into the railing, floor, wall, and other applications. By end-user industry, the market is segmented into residential and non-residential. The report also covers the market size and forecasts for the wooden decking market in 11 countries across major regions. For each segment, the market sizing and forecasts have been done based on revenue (USD million).

By Type
Pressure-treated Wood
RedWood
Tropical Hardwood
Cedar
Wood-Plastic Composites (WPC)
Other Types (Thermally Modified Wood, Acetylated Wood)
By Application
Railing
Floor
Wall
Other Applications
By End-user Industry
Residential
Non-residential
By Geography
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
Italy
France
Rest of Europe
Rest of the World
South America
Middle East and Africa
Need A Different Region Or Segment?
Customize Now

Wooden Decking Market Size Summary

The wooden decking market is poised for significant growth over the forecast period, driven by increasing demand in the residential construction sector. This demand is fueled by a rise in remodeling and refurbishment activities, as well as a surge in housing and luxurious infrastructure projects, particularly in developed nations. The market is recovering well from the setbacks caused by the COVID-19 pandemic, with global investments in construction and supportive government policies playing a crucial role. However, the market faces challenges from the growing popularity of composite decking materials, which could potentially hinder its expansion. Despite this, advancements in wood modification technologies are expected to open new opportunities, enhancing the properties of wooden decking and making it more competitive.

Regionally, the Asia-Pacific area is anticipated to experience the highest growth rate, driven by robust housing construction markets in China and India. These countries are expected to contribute significantly to the global middle-class population, further boosting demand for residential projects. In North America, particularly the United States and Canada, the residential construction sector is a major contributor to the economy, with increasing home improvement projects and a strong demand for new housing developments. The market in these regions is supported by government investments in infrastructure and a growing need to remodel aging homes. Overall, the wooden decking market is expected to witness steady growth, with key players continuously innovating to meet evolving consumer preferences.

Explore More

Wooden Decking Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Drivers

      1. 1.1.1 Increase in Remodeling and Refurbishment Activities

      2. 1.1.2 Demand for Housing and Lavish Infrastructure in Developed Nations

    2. 1.2 Restraints

      1. 1.2.1 Replacement by Composite Decking

      2. 1.2.2 Other Restraints

    3. 1.3 Industry Value Chain Analysis

    4. 1.4 Porter's Five Forces Analysis

      1. 1.4.1 Bargaining Power of Suppliers

      2. 1.4.2 Bargaining Power of Buyers

      3. 1.4.3 Threat of New Entrants

      4. 1.4.4 Threat of Substitute Products and Services

      5. 1.4.5 Degree of Competition

  2. 2. MARKET SEGMENTATION (Market Size in Value)

    1. 2.1 By Type

      1. 2.1.1 Pressure-treated Wood

      2. 2.1.2 RedWood

      3. 2.1.3 Tropical Hardwood

      4. 2.1.4 Cedar

      5. 2.1.5 Wood-Plastic Composites (WPC)

      6. 2.1.6 Other Types (Thermally Modified Wood, Acetylated Wood)

    2. 2.2 By Application

      1. 2.2.1 Railing

      2. 2.2.2 Floor

      3. 2.2.3 Wall

      4. 2.2.4 Other Applications

    3. 2.3 By End-user Industry

      1. 2.3.1 Residential

      2. 2.3.2 Non-residential

    4. 2.4 By Geography

      1. 2.4.1 Asia-Pacific

        1. 2.4.1.1 China

        2. 2.4.1.2 India

        3. 2.4.1.3 Japan

        4. 2.4.1.4 South Korea

        5. 2.4.1.5 Rest of Asia-Pacific

      2. 2.4.2 North America

        1. 2.4.2.1 United States

        2. 2.4.2.2 Canada

        3. 2.4.2.3 Mexico

      3. 2.4.3 Europe

        1. 2.4.3.1 Germany

        2. 2.4.3.2 United Kingdom

        3. 2.4.3.3 Italy

        4. 2.4.3.4 France

        5. 2.4.3.5 Rest of Europe

      4. 2.4.4 Rest of the World

        1. 2.4.4.1 South America

        2. 2.4.4.2 Middle East and Africa

Wooden Decking Market Size FAQs

The Wooden Decking Market size is expected to reach USD 24.67 billion in 2024 and grow at a CAGR of 5.39% to reach USD 32.08 billion by 2029.

In 2024, the Wooden Decking Market size is expected to reach USD 24.67 billion.

Wooden Decking Market Report Snapshots

Wooden Decking Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)