Wooden Decking Market is expected to grow at a CAGR of 1.40% during the forecast period. Wooden Decking Market is expected to reach USD 8.72 Bn. by 2029.
Wooden Decking Market Overview:
The purpose of this study is to provide a thorough examination of the Wooden Decking market by component, application, industry, and geography. The study goes into great detail on the primary factors influencing the Wooden Decking market’s growth. The study also offers a comprehensive analysis of the market’s value chain.
Market Scope:
The research method used to assess and anticipate the Wooden Decking market begins with secondary research using sources that collect revenue data from key suppliers. When calculating market segmentation, the vendor offerings are also considered. Using the bottom-up method, the whole size of the Wooden Decking market was calculated using the revenue of significant enterprises.
Segmentation:
Since pressure-treated wood can survive icy and humid weather, it is frequently used in wooden decking. The demand for pressure-treated wood is expected to rise due to its increased toughness and longevity. Pressure-treated wood can be utilised extensively in industrial, commercial, and residential structures because it resists insects, rot, and internal disintegration.
It is anticipated that the residential sector will control the market. The residential market is predicted to have an increasing preference for wood decking, which will add to the market’s dominant position. The demand for wooden decking is predicted to rise as consumer lifestyles change and disposable money rises. In addition, the industry’s rapid growth and an increase in home remodelling and renovation projects
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Key Players:
The major players covered in the Wooden Decking market report are
1. West Fraser Timber Co. Ltd
2. Universal Forest Products, Inc.
3. Metsa Group
4. Setra Group
5. James Latham plc.
6. Mohawk Industries, Inc.
7. UPM-Kymmene Corporation
8. Weyerhaeuser Company
9. Universal Forest Products, Inc.
10.Cox Industries Inc.
11.Humboldt Redwood Company
12.Mendocino Redwood Company
13.Vetedy Group
14.Trex Company, Inc.
15.Shaw Industries Group, Inc.
16.Danzer
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Regional Analysis:
Global, North America, Europe, Asia-Pacific, the Middle East, and Africa, and South America market share statistics are accessible individually. Analysts at Maximize evaluate competitive strengths and conduct competitive analysis for each competitor individually.
COVID-19 Impact Analysis on Wooden Decking Market:
Aerospace and defence, agriculture, automobiles, retail and e-commerce, energy and power, healthcare, packaging, mining, electronics, banking, financial services, and insurance, among other industries, have all been affected by the COVID-19 epidemic. COVID-19 has had an impact on the Wooden Decking market in general, as well as the growth rate in 2019-2020, as the impact of COVID-19 spreads. Our most recent inquiry, opinions, and bits of knowledge on administration are critical to the businesses and associations in the Wooden Decking industry, which is driving through the COVID-19 emergency to handle risk digitising jobs in order to convey trusted data and experiences to the CEOs.
Key Questions Answered in the Wooden Decking Market Report are:
- Which segment grabbed the largest share in the Wooden Decking market?
- How was the competitive scenario of the Wooden Decking market in 2020?
- Which are the key factors responsible for the Wooden Decking market growth?
- Which region held the maximum share in the Wooden Decking market in 2020?
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