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UNITED STATES WOODEN DECKING MARKET FORECAST 2022-2028

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UNITED STATES WOODEN DECKING MARKET FORECAST 2022-2028

The United States wooden decking market is expected to develop with a CAGR of 4.88% in terms of revenue across the estimated years, capturing a share of $8908.75 million by 2028. The base year regarded for the market study is 2021, while the projected years are from 2022 to 2028.

UNITED STATES WOODEN DECKING MARKET FORECAST 2022-2028

United States 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)

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The United States wooden decking market is expected to develop with a CAGR of 4.88% in terms of revenue across the estimated years, capturing a share of $8908.75 million by 2028. The base year regarded for the market study is 2021, while the projected years are from 2022 to 2028.

The market growth of the country is ascribed to the rapidly-developing construction sector, the increasing focus on renewable energy and transportation, and the rise in residential as well as commercial construction projects.

United States Wooden Decking Market

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In 2021, the United States government introduced a $1.9 trillion infrastructure and economic stimulus package. Primarily focused on COVID-19 relief, the package is anticipated to fuel construction output in the country in the years following 2021. Moreover, it is also expected to broaden infrastructure investment, with additional mitigation efforts concentrating on transportation as well as renewable energy. Also, low mortgage rates, in addition to forbearance and foreclosure relief from the government, are set to facilitate market recovery.

On the other hand, numerous ongoing construction projects, such as in the infrastructural, residential, and industrial sectors, are set to bolster the market’s growth. For example, in 2021, Midway, a Houston-based company, proposed to spend $2.5 billion on developing the East River Mixed-Use project. It entails the expansion of a mixed-use complex on 61 acres of property in Texas, with the objective of enhancing the residential and office amenities of the region.

Likewise, in 2021, the United States Navy launched a $1.7 billion dry dock project within the Portsmouth shipyard. It is characterized by the advancement of dry dock facilities in Kittery, Maine, the United States. As a result, these factors are set to augment the United States wooden decking market growth over the forecasted years.

The United States wooden decking market is mainly 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. Wood-plastic composites (WPC) are composed of thermoplastic polymers like polythene, PVC, polyethylene, polylactic acid, and wood fiber. Compared to other wood varieties, they are considered a newer addition to the industry. Moreover, WPCs are rot, rust, and decay-resistant and do not absorb water.

On the other hand, since no harsh chemicals are employed in the manufacture of thermally treated wood, it is eco-friendly. Unlike pressure-treated wood, it does not corrode metals and is also dimensionally stable as well as extremely long-lasting.

Some of the leading firms operating in the United States wooden decking market are Sawmill Company LLC, Azek Company Inc, Weyerhaeuser Company, etc.

Azek Company Inc, headquartered in the United States, is a manufacturer and designer of outdoor living products. Operating in segments such as commercial and residential, the company’s products include rail, deck, trim, and accessories. It provides both polyvinyl chloride (PVC) decking and capped wood composite products, as well as wide and narrow-width PVC deck boards.

The company’s decking products include TimberTech AZEK, TimberTech EDGE, and TimberTech PRO.

Report Synopsis

Report Scope Details
Market Forecast Years 2022-2028
Base Year 2021
Market Historical Years 2018-2021
Forecast Units Revenue ($ Million)
Segments Analyzed Type, Application, and End-User
Country Analyzed United States
Companies Analyzed

Azek Company Inc, Weyerhaeuser Company, Deck Solutions LLC, Mendocino Forest Products Company LLC, Fiberon, Duralife Decking & Railing Systems, UFP Industries Inc, Humboldt Sawmill Company LLC, West Fraser Timber Co Ltd, Trex Company Inc

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    1. RESEARCH SCOPE & METHODOLOGY
      • STUDY OBJECTIVES
      • SCOPE OF STUDY
      • METHODOLOGY
      • ASSUMPTIONS & LIMITATIONS
    2. EXECUTIVE SUMMARY
      • MARKET SIZE & ESTIMATES
      • COUNTRY SNAPSHOT
      • COUNTRY ANALYSIS
      • KEY GROWTH ENABLERS
      • KEY CHALLENGES
    3. KEY ANALYTICS
      • IMPACT OF COVID-19 ON WOODEN DECKING MARKET
      • KEY MARKET TRENDS
      • PESTLE ANALYSIS
        • POLITICAL
        • ECONOMICAL
        • SOCIAL
        • TECHNOLOGICAL
        • LEGAL
        • ENVIRONMENTAL
      • PORTER’S FIVE FORCES ANALYSIS
        • BUYERS POWER
        • SUPPLIERS POWER
        • SUBSTITUTION
        • NEW ENTRANTS
        • INDUSTRY RIVALRY
      • OPPORTUNITY MATRIX
      • VALUE CHAIN ANALYSIS
    4. MARKET BY TYPE
      • PRESSURE-TREATED WOOD
      • REDWOOD
      • TROPICAL HARDWOOD
      • CEDAR
      • WOOD-PLASTIC COMPOSITES (WPC)
      • OTHER TYPES
    5. MARKET BY APPLICATION
      • RAILING
      • FLOOR
      • WALL
      • OTHER APPLICATIONS
    6. MARKET BY END-USER
      • RESIDENTIAL
      • NON-RESIDENTIAL
    7. 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
        • MENDOCINO FOREST PRODUCTS COMPANY LLC
        • TREX COMPANY INC
        • UFP INDUSTRIES INC
        • WEST FRASER TIMBER CO LTD
        • WEYERHAEUSER COMPANY

    LIST OF TABLES

    TABLE 1: MARKET SNAPSHOT – WOODEN DECKING

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

    TABLE 3: UNITED STATES WOODEN DECKING MARKET, BY TYPE, FORECAST YEARS, 2022-2028 (IN $ MILLION)

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

    TABLE 5: UNITED STATES WOODEN DECKING MARKET, BY APPLICATION, FORECAST YEARS, 2022-2028 (IN $ MILLION)

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

    TABLE 7: UNITED STATES WOODEN DECKING MARKET, BY END-USER, FORECAST YEARS, 2022-2028 (IN $ MILLION)

    TABLE 8: LIST OF MERGERS & ACQUISITIONS

    TABLE 9: LIST OF PARTNERSHIPS & AGREEMENTS

    TABLE 10: 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: VALUE CHAIN ANALYSIS

    FIGURE 5: UNITED STATES WOODEN DECKING MARKET, GROWTH POTENTIAL, BY TYPE, IN 2021

    FIGURE 6: UNITED STATES WOODEN DECKING MARKET, BY PRESSURE-TREATED WOOD, 2022-2028 (IN $ MILLION)

    FIGURE 7: UNITED STATES WOODEN DECKING MARKET, BY REDWOOD, 2022-2028 (IN $ MILLION)

    FIGURE 8: UNITED STATES WOODEN DECKING MARKET, BY TROPICAL HARDWOOD, 2022-2028 (IN $ MILLION)

    FIGURE 9: UNITED STATES WOODEN DECKING MARKET, BY CEDAR, 2022-2028 (IN $ MILLION)

    FIGURE 10: UNITED STATES WOODEN DECKING MARKET, BY WOOD-PLASTIC COMPOSITES (WPC), 2022-2028 (IN $ MILLION)

    FIGURE 11: UNITED STATES WOODEN DECKING MARKET, BY OTHER TYPES, 2022-2028 (IN $ MILLION)

    FIGURE 12: UNITED STATES WOODEN DECKING MARKET, GROWTH POTENTIAL, BY APPLICATION, IN 2021

    FIGURE 13: UNITED STATES WOODEN DECKING MARKET, BY RAILING, 2022-2028 (IN $ MILLION)

    FIGURE 14: UNITED STATES WOODEN DECKING MARKET, BY FLOOR, 2022-2028 (IN $ MILLION)

    FIGURE 15: UNITED STATES WOODEN DECKING MARKET, BY WALL, 2022-2028 (IN $ MILLION)

    FIGURE 16: UNITED STATES WOODEN DECKING MARKET, BY OTHER APPLICATIONS, 2022-2028 (IN $ MILLION)

    FIGURE 17: UNITED STATES WOODEN DECKING MARKET, GROWTH POTENTIAL, BY END-USER, IN 2021

    FIGURE 18: UNITED STATES WOODEN DECKING MARKET, BY RESIDENTIAL, 2022-2028 (IN $ MILLION)

    FIGURE 19: UNITED STATES WOODEN DECKING MARKET, BY NON-RESIDENTIAL, 2022-2028 (IN $ MILLION)       

    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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