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NORTH AMERICA WOODEN DECKING MARKET FORECAST 2022-2030

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NORTH AMERICA WOODEN DECKING MARKET FORECAST 2022-2030

The North America wooden decking market is evaluated to develop with a CAGR of 4.90% over the forecasting years of 2022 to 2030, capturing a revenue share of $11376.89 million by 2030.

NORTH AMERICA WOODEN DECKING MARKET FORECAST 2022-2030

North America Wooden Decking Market by Type (Pressure-treated Wood, Redwood, Tropical Hardwood, Cedar, Wood-plastic Composites (WPC), Other Types) Market by Application (Railing, Floor, Wall, Other Applications) Market by End-user (Residential, Non-residential) By Geography

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The North America wooden decking market is evaluated to develop with a CAGR of 4.90% over the forecasting years of 2022 to 2030, capturing a revenue share of $11376.89 million by 2030.

The market growth of the region is sustained by the presence of well-established companies, the increase in private construction investments, and the rise in residential construction. However, the North America wooden decking market may be hindered by staffing shortages as well as wildfires.

North America Wooden Decking Market

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The North America wooden decking market growth assessment covers the analysis of the United States and Canada. As per the Associated General Contractors of America (AGC), the construction industry significantly contributes to the United States economy. In this regard, the country’s construction sector generates more than $1.4 trillion in revenue. From 2019 to 2020, the overall construction, including residential and non-residential, in the United States declined by around 0.2%. However, on the other hand, private construction investment in the country continued to increase in 2020, with some of the highest levels recorded across private residential and non-residential structures’ construction.

Furthermore, according to the Canadian Construction Association (CCA), the construction industry in the country employs more than 1.4 million Canadians, generating over $141 billion for the economy annually. Besides, this figure accounts for nearly 7.5% of Canada’s gross domestic product (GDP). The construction and infrastructure business in the country was impacted due to the COVID-19 pandemic, as well as the resultant lockdowns and other restrictions. Despite these constraints, the industry began rebounding in early 2021, with newer technologies and trends emerging as sectors started reopening. Therefore, these factors are anticipated to propel the North America wooden decking market growth during the estimated years.

The North America wooden decking market is primarily segmented into type, application, and end-user. The type segment is further classified into cedar, pressure-treated wood, wood-plastic composites (WPC), redwood, tropical hardwood, and other types. Cedar has conventionally been utilized in decking, in addition to construction. As a sturdy wood, it resists decay, rot, insect infestations, and moisture absorption. Since these woods last longer, they demand lesser care and don’t split or warp as easily as other types of wood.

Conversely, redwood is naturally resistant to weathering and wood-boring insects and, as a result, does not necessitate the use of preservative chemicals. Moreover, it is also the most fire-resistant decking material in the market. Setra Group AB is a key company offering redwood decking products.

The top players operating in the North America wooden decking market are Deck Solutions LLC, Weyerhaeuser Company, West Fraser Timber Co Ltd, Trex Company Inc, etc.

West Fraser Timber Co Ltd, headquartered in the United States, is a diversified wood products company. It manufactures laminated veneer lumber (LVL), lumber, medium-density fiberboard (MDF), newsprint, wood chips, pulp, plywood, and other residuals. The company has facilities across western Canada as well as the southern United States. Its segments include Pulp & Paper, Lumber, Panels, and Corporate & Other.

West Fraser’s Barefoot Outdoor Decking offerings entail high-quality treated wood products that deliver long-term protection from termite attack and fungal decay for a diverse range of residential construction, agricultural, and commercial applications.

Report Synopsis

Report Scope Details
Market Forecast Years 2022-2030
Base Year 2021
Market Historical Years 2018-2021
Forecast Units Revenue ($ Million)
Segments Analyzed Type, Application, and End-User
Countries Analyzed The United States and Canada
Companies Analyzed

AZEK Company Inc, Trex Company Inc, Metsä Group, UPM-Kymmene Oyj, INOVAR, Setra Group AB, Vetedy Group, UFP Industries Inc, West Fraser Timber Co Ltd, Weyerhaeuser Company, Humboldt Sawmill Company LLC, Deck Solutions LLC, DuraLife Decking & Railing Systems, Fiberon, Thermory AS, Mendocino Forest Products Company LLC, NeoTimber, Tecnodeck, Kebony

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    1. RESEARCH SCOPE & METHODOLOGY
      • STUDY OBJECTIVES
      • SCOPE OF STUDY
      • METHODOLOGY
      • ASSUMPTIONS & LIMITATIONS
    2. EXECUTIVE SUMMARY
      • MARKET SIZE & ESTIMATES
      • MARKET OVERVIEW
    3. MARKET DYNAMICS
      • KEY DRIVERS
        • RISING AFFORDABLE HOUSING PROJECTS
        • GROWTH IN REMODELING ACTIVITIES
        • RISING DEMAND FOR HOUSING AND INFRASTRUCTURE IN ADVANCED ECONOMIES
      • KEY RESTRAINT
        • INCREASING USE OF ALTERNATIVE WOOD DECKING MATERIALS
    1. KEY ANALYTICS
      • IMPACT OF COVID-19 ON WOODEN DECKING MARKET
      • KEY MARKET TRENDS
      • PORTER’S FIVE FORCES ANALYSIS
        • BUYERS POWER
        • SUPPLIERS POWER
        • SUBSTITUTION
        • NEW ENTRANTS
        • INDUSTRY RIVALRY
      • OPPORTUNITY MATRIX
      • VENDOR LANDSCAPE
      • VALUE CHAIN ANALYSIS
    2. MARKET BY TYPE
      • PRESSURE-TREATED WOOD
      • REDWOOD
      • TROPICAL HARDWOOD
      • CEDAR
      • WOOD-PLASTIC COMPOSITES (WPC)
      • OTHER TYPES
    3. MARKET BY APPLICATION
      • RAILING
      • FLOOR
      • WALL
      • OTHER APPLICATIONS
    4. MARKET BY END-USER
      • RESIDENTIAL
      • NON-RESIDENTIAL
    5. GEOGRAPHICAL ANALYSIS
      • NORTH AMERICA
        • MARKET SIZE & ESTIMATES
        • KEY DRIVERS
        • KEY CHALLENGES
        • KEY PLAYERS
        • COUNTRY ANALYSIS
          • UNITED STATES
          • CANADA
    1. COMPETITIVE LANDSCAPE
      • KEY STRATEGIC DEVELOPMENTS
        • MERGERS & ACQUISITIONS
        • PARTNERSHIPS & AGREEMENTS
        • BUSINESS EXPANSIONS
      • COMPANY PROFILES
        • AZEK COMPANY INC
        • DECK SOLUTIONS LLC
        • DURALIFE DECKING & RAILING SYSTEMS
        • FIBERON
        • HUMBOLDT SAWMILL COMPANY LLC
        • INOVAR FLOOR
        • KEBONY
        • MENDOCINO FOREST PRODUCTS COMPANY LLC
        • METSÄ GROUP
        • NEOTIMBER
        • SETRA GROUP AB
        • TECNODECK (MITERA GROUP)
        • THERMORY AS
        • TREX COMPANY INC
        • UFP INDUSTRIES INC
        • UPM-KYMMENE OYJ
        • VETEDY GROUP
        • WEST FRASER TIMBER CO LTD
        • WEYERHAEUSER COMPANY

    LIST OF TABLES

    TABLE 1: MARKET SNAPSHOT – WOODEN DECKING

    TABLE 2: NORTH AMERICA WOODEN DECKING MARKET, BY TYPE, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)

    TABLE 3: NORTH AMERICA WOODEN DECKING MARKET, BY TYPE, FORECAST YEARS, 2022-2030 (IN $ MILLION)

    TABLE 4: NORTH AMERICA WOODEN DECKING MARKET, BY APPLICATION, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)

    TABLE 5: NORTH AMERICA WOODEN DECKING MARKET, BY APPLICATION, FORECAST YEARS, 2022-2030 (IN $ MILLION)

    TABLE 6: NORTH AMERICA WOODEN DECKING MARKET, BY END-USER, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)

    TABLE 7: NORTH AMERICA WOODEN DECKING MARKET, BY END-USER, FORECAST YEARS, 2022-2030 (IN $ MILLION)

    TABLE 8: NORTH AMERICA WOODEN DECKING MARKET, BY COUNTRY, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)

    TABLE 9: NORTH AMERICA WOODEN DECKING MARKET, BY COUNTRY, FORECAST YEARS, 2022-2030 (IN $ MILLION)

    TABLE 10: KEY PLAYERS IN NORTH AMERICA WOODEN DECKING MARKET

    TABLE 11: LIST OF MERGERS & ACQUISITIONS

    TABLE 12: LIST OF PARTNERSHIPS & AGREEMENTS

    TABLE 13: LIST OF BUSINESS EXPANSIONS                        

    LIST OF FIGURES

    FIGURE 1: KEY MARKET TRENDS

    FIGURE 2: PORTER’S FIVE FORCES ANALYSIS

    FIGURE 3: OPPORTUNITY MATRIX

    FIGURE 4: VENDOR LANDSCAPE

    FIGURE 5: VALUE CHAIN ANALYSIS

    FIGURE 6: NORTH AMERICA WOODEN DECKING MARKET, GROWTH POTENTIAL, BY TYPE, IN 2021

    FIGURE 7: NORTH AMERICA WOODEN DECKING MARKET, BY PRESSURE-TREATED WOOD, 2022-2030 (IN $ MILLION)

    FIGURE 8: NORTH AMERICA WOODEN DECKING MARKET, BY REDWOOD, 2022-2030 (IN $ MILLION)

    FIGURE 9: NORTH AMERICA WOODEN DECKING MARKET, BY TROPICAL HARDWOOD, 2022-2030 (IN $ MILLION)

    FIGURE 10: NORTH AMERICA WOODEN DECKING MARKET, BY CEDAR, 2022-2030 (IN $ MILLION)

    FIGURE 11: NORTH AMERICA WOODEN DECKING MARKET, BY WOOD-PLASTIC COMPOSITES (WPC), 2022-2030 (IN $ MILLION)

    FIGURE 12: NORTH AMERICA WOODEN DECKING MARKET, BY OTHER TYPES, 2022-2030 (IN $ MILLION)

    FIGURE 13: NORTH AMERICA WOODEN DECKING MARKET, GROWTH POTENTIAL, BY APPLICATION, IN 2021

    FIGURE 14: NORTH AMERICA WOODEN DECKING MARKET, BY RAILING, 2022-2030 (IN $ MILLION)

    FIGURE 15: NORTH AMERICA WOODEN DECKING MARKET, BY FLOOR, 2022-2030 (IN $ MILLION)

    FIGURE 16: NORTH AMERICA WOODEN DECKING MARKET, BY WALL, 2022-2030 (IN $ MILLION)

    FIGURE 17: NORTH AMERICA WOODEN DECKING MARKET, BY OTHER APPLICATIONS, 2022-2030 (IN $ MILLION)

    FIGURE 18: NORTH AMERICA WOODEN DECKING MARKET, GROWTH POTENTIAL, BY END-USER, IN 2021

    FIGURE 19: NORTH AMERICA WOODEN DECKING MARKET, BY RESIDENTIAL, 2022-2030 (IN $ MILLION)

    FIGURE 20: NORTH AMERICA WOODEN DECKING MARKET, BY NON-RESIDENTIAL, 2022-2030 (IN $ MILLION)

    FIGURE 21: NORTH AMERICA WOODEN DECKING MARKET, COUNTRY OUTLOOK, 2021 & 2030 (IN %)

    FIGURE 22: UNITED STATES WOODEN DECKING MARKET, 2022-2030 (IN $ MILLION)

    FIGURE 23: CANADA WOODEN DECKING MARKET, 2022-2030 (IN $ MILLION)       

    1. GEOGRAPHICAL ANALYSIS
      • NORTH AMERICA
        • MARKET SIZE & ESTIMATES
        • KEY DRIVERS
        • KEY CHALLENGES
        • KEY PLAYERS
        • COUNTRY ANALYSIS
          • UNITED STATES
          • CANADA
    1. MARKET BY TYPE
      • PRESSURE-TREATED WOOD
      • REDWOOD
      • TROPICAL HARDWOOD
      • CEDAR
      • WOOD-PLASTIC COMPOSITES (WPC)
      • OTHER TYPES
    2. MARKET BY APPLICATION
      • RAILING
      • FLOOR
      • WALL
      • OTHER APPLICATIONS
    3. MARKET BY END-USER
      • RESIDENTIAL
      • NON-RESIDENTIAL

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