Authored By: Sarah
26 Dec 2022

Composite Decking Market Analysis 2023-2027: Rising Adoption of Prefabricated Construction Solutions will Fuel the Market Growth 

The composite decking market is segmented by application (residential and non-residential), and geography (APAC, North America, Europe, the Middle East and Africa, and South America). The rising adoption of prefabricated construction solutions the major composite decking market trend which will positively influence the market value. 

Composite Decking Market Outlook 2027 

  • The composite decking market share will value over USD 2,275.99 million by 2027 

  • It is estimated to expand at a CAGR of 14.1% from 2022 to 2027 

  • The composite decking market size will witness a YOY growth rate of 10.69% in 2023 

Get a peek into the Composite Decking Market Analysis Report 2023-2027. Unlock the Sample Report 

Composite Decking Market Analysis 2023-2027: Rising Adoption of Prefabricated Construction Solutions will Fuel the Market Growth

Rising Adoption of Prefabricated Construction Solutions will Fuel the Market Growth  

The popularity of prefabricated structures has been increasing rapidly across the world due to their low cost and time-saving features during installation. Many newly designed prefabricated buildings are considered better than conventional residences in several aspects. Therefore, the rising adoption of prefabricated construction solutions is anticipated to drive the growth of the market during the forecast period.

Revival of the Construction Industry to Drive Market Growth 

Rapid urbanization and rising per capita income (PCI) in countries such as India, China, and Indonesia have increased the demand for new residential housing in APAC in the last five years. Although the US is the largest contributor to revenue in the market, several countries in APAC and the Middle East are expected to offer improved opportunities for growth during the forecast period.

Composite Decking Market Vendors 

Some of the major composite decking market vendors are: 

  • Buyrite Enterprises Ltd.
  • CertainTeed
  • DuraLife Decking & Railing Systems
  • Fiberon
  • Fortress Iron LP
  • Genova Products
  • Green Bay Decking
  • NewTechWood America Inc.
  • Oakio Plastic Wood Building Materials Co. Ltd.
  • Shanghai Seven Trust Industry Co. Ltd.
  • Shubh Composites
  • TAMKO Building Products LLC
  • The AZEK Co. Inc.
  • Trex Co. Inc.
  • TRUNORTH COMPOSITES INC.

Technavio's research report provides insights into the top market player and their product portfolio along with pipeline analysis of upcoming developments and growth opportunities. Download the Free PDF Sample Report 

Key Takeaways 

  • The availability of substitutes are the major hindrance for market players 

  • The composite decking market structure is fragmented in nature. 

  • 32% of composite decking market growth will develop from North America. 

  • The market growth by the residential segment will be significant during 2023-2027.

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