The Decking Market is being driven by Changing lifestyles and increasing use of outdoor living spaces
The Decking Market is expected to grow at a CAGR of 6.8% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 6897.7 million. The global decking market is poised for substantial expansion in the forecast period, driven by the burgeoning housing industry and the increasing trend towards customized outdoor design among consumers. Fueled by rapid urbanization and a shift in consumer preferences towards improved home amenities, the home improvement sector is experiencing robust growth. Moreover, the rising disposable income of populations, particularly in emerging economies, is expected to fuel demand for home improvement services, including composite deck installations. Decking, known for its low-maintenance and durability, is an increasingly popular choice for outdoor entertainment areas.
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The market is segmented based on
According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows:
However, the market also witnesses some limitations, which are as follows:
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Market Scope |
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Report Coverage |
Details |
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Page number |
218 |
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Base year |
2024 |
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Historic period |
2019-2023 |
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Forecast period |
2025-2029 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 6.8% |
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Market growth 2025-2029 |
USD 6897.7 million |
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Market structure |
market_structure.ucfirst |
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YoY growth 2024-2025(%) |
5.8 |
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Key countries |
US, UK, China, Germany, Japan, France, Canada, India, Italy, and South Korea |
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Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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The decking market encompasses various materials, with metal and wooden options prevailing. Metal decks offer durability and resistance to environmental degradation, while wooden decks provide a natural aesthetic and privacy for office buildings, residential apartments, and backyard remodeling projects. Climatic changes and consumer behavior influence the demand for renewable resources and eco-friendly properties. Service life, building aesthetics, and per capita income impact profit margins. Structural engineering ensures safety, design flexibility, and usage life. Railing systems, pressure-treated wood, and wood plastic composites are popular choices. New decks, outdoor platforms, and swimming pools enhance living space and outdoor leisure time. Online portals facilitate consumer research, and restoration projects extend the life of indoor flooring and abrasive resistance. The construction sector adapts to protective measures, such as railings, to address privacy concerns and safety regulations. Lavish infrastructure and living spaces continue to drive demand, with outdoor leisure time becoming increasingly valuable. Eco-friendly properties and sustainable practices are essential in today's market, as consumers prioritize their living spaces and seek to minimize their carbon footprint. Supply chain disruptions and climatic changes impact the availability and cost of materials, influencing profit margins and consumer behavior. Overall, the decking market caters to diverse needs, from functional to aesthetic, and continues to evolve with changing consumer preferences and market trends.
The global building products market encompasses businesses producing components such as windows and doors, flooring, ceiling and wall fixtures, roofing and gutter materials, insulation materials, cabinets, plumbing fixtures, and home improvement products and equipment. According to Technavio, the market size is determined by the consolidated revenue of these manufacturers. The construction sector's expansion in developed and developing economies, driven by urbanization and infrastructure development for residential and healthcare facilities, is a primary growth factor for the building products industry. Additionally, the integration of renewable resources and innovative lighting ideas in building materials is expected to boost market growth.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
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