During the forecast period of 2023-2027, the global wooden decking market is projected to experience substantial growth. This growth can be attributed to the increasing construction activities in emerging economies, rising investments in infrastructure and industrial sectors, and rapid urbanization. Wooden decking, which is composed of materials such as treated timber, composite lumber, composite material, and aluminum, is used for landscaping gardens and enhancing the aesthetics of homes. The growing need for sophisticated construction in developing countries and the increasing demand for repairs and renovations are driving the adoption of wooden decking, which is expected to fuel market growth. Investors and developers are embracing alternative construction methods, which is further boosting the global wooden decking market.
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The growth of the global wooden decking market is also being driven by rising initiatives by various developing nations’ governments to provide affordable housing and the middle-class population’s high disposable income, which is driving consumer aspirations and lifestyles towards luxury homes. Additionally, the increase in repair and renovation activities in old infrastructure buildings and commercial spaces, as well as the rise in expenditure for home improvement, are expected to fuel the growth of the global wooden decking market in the coming years. The global wooden decking market is segmented based on type, type of construction, application, end-use sector, and region. The market is dominated by the residential sector, which accounted for the largest market share in 2021, owing to the growing construction of new houses in urban regions and the increasing demand for wooden decks.
The Asia-Pacific region is expected to dominate the market due to the growing construction activities in the region. Some of the leading players in the global wooden decking market are Metsä Group, UPM-Kymmene Corporation, Weyerhaeuser Company, Cox Industries Inc., Humboldt Redwood Company & Mendocino Redwood Company, Vetedy Group, Universal Forest Products Inc., West Fraser Timber Co. Ltd., and Setra Group.
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