NCR Online Journal

Rising Infrastructure and Housing Demand in Developing Countries Propels Global Wooden Decking Market

 Breaking News
  • No posts were found

Rising Infrastructure and Housing Demand in Developing Countries Propels Global Wooden Decking Market

June 22
23:32 2022
Rising Infrastructure and Housing Demand in Developing Countries Propels Global Wooden Decking Market
The Global Wooden Decking Market
According to a new market research report launched by Inkwood Research, the Global Wooden Decking Market is increasing at a CAGR of 4.93% from 2022 to 2030 and is predicted to generate a revenue of $30.94 billion by 2030.

Browse 48 market data Tables and 45 Figures spread over 233 Pages, along with an in-depth analysis of the Global Wooden Decking Market by Application, Type, End-user, & by Geography

This insightful market research report by Inkwood Research focuses on market trends, leading players, supply chain trends, technological innovations, key developments, and future strategies. The report covers all the aspects of this comprehensive market by assessing major geographies, and is a valuable asset for the existing players, new entrants, and future investors. The study presents a detailed market analysis, with inputs derived from industry professionals across the value chain.

Global Wooden Decking Market Scenario

Wooden decks are composed of tropical hardwood, pressure-treated wood, redwood, wood-plastic composites (WPC), cedar, and other materials. Wooden decking is used for new constructions as well as upgrades and repairs. In addition, they are also used in various residential and non-residential building applications.

The global wooden decking market growth is attributable to the increase in remodeling activities, the growing need for housing and infrastructure in developed economies, and the rise in affordable housing projects. Developed countries are experiencing a housing scarcity owing to the increasing population and rise in living standards. As per the Wall Street Journal, the United States housing sector was 3.8 million single-family houses short of the country’s demand in 2020. This projection implies a 52% increase in the housing shortfall in the United States compared to 2018. As a result, owing to the rise in housing and infrastructure demand in developed countries, the market for wooden decking is expected to increase, as well.

The Global Wooden Decking Market report provides data tables and includes charts and graphs for visual analysis.

Request Free Sample Report for Global Wooden Decking Market by Composition, End-User, Type, Application & by Geography: https://www.inkwoodresearch.com/reports/wooden-decking-market/#request-free-sample

Market Segmentation

Market by Application:

  • Wall
  • Floor
  • Railing
  • Other Applications

Market by End-User:

  • Non-Residential
  • Residential

Market by Type:

  • Cedar
  • Tropical Hardwood
  • Wood-Plastic Composites (WPC)
  • Pressure-Treated Wood
  • Redwood
  • Other Types

 

Report Highlights

– The report provides a detailed analysis of the current and future market trends to identify the investment opportunities – Market forecasts till 2030, using estimated market values as the base numbers – Key market trends across the business segments, regions, and countries – Key developments and strategies observed in the market – Market dynamics such as drivers, restraints, opportunities, and other trends – In-depth company profiles of key players and upcoming prominent players – Growth prospects among the emerging nations through 2030

Companies Profiled

  • WEYERHAEUSER COMPANY
  • WEST FRASER TIMBER CO LTD
  • VETEDY GROUP
  • METSÄ GROUP
  • MENDOCINO FOREST PRODUCTS COMPANY LLC
  • KEBONY
  • INOVAR FLOOR
  • HUMBOLDT SAWMILL COMPANY LLC
  • FIBERON
  • UPM-KYMMENE OYJ
  • UFP INDUSTRIES INC
  • TREX COMPANY INC
  • THERMORY AS
  • TECNODECK (MITERA GROUP)
  • SETRA GROUP AB
  • NEOTIMBER
  • DURALIFE DECKING & RAILING SYSTEMS
  • DECK SOLUTIONS LLC
  • AZEK COMPANY INC

 

 

Related Reports

GLOBAL WOOD-PLASTIC COMPOSITES MARKET – The global wood-plastic composites market is predicted to reach $13470.41 million by 2028, progressing with a CAGR of 11.87% in terms of revenue and 10.43% in terms of volume during the forecasted years.

Media Contact
Company Name: Inkwood Research
Contact Person: Arvind Iyer
Email: Send Email
Phone: 1-(857) 293-0150
Country: United States
Website: https://www.inkwoodresearch.com/

Related Articles