Decking Market | Leading Segments, Trends, Drivers and Challenges
Market Recovery and Growth Projections 2021-2025

The decking market is expected to grow by $ 4.19 bn, accelerating at a CAGR of almost 5% during the forecast period. Technavio’s research report traces the growth trajectory of the market and provides a detailed analysis of the prevalent market forces, trends, and drivers which are likely to impact the market in focus.

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Decking Market: Market Segments and Growth Forecasts

This research report will provide insights into the current market share of each segment along with growth projections for the next five years. 

• Market is segmented Product (Composite, Wood, Plastic, and Aluminum), Application (Residential and Non-residential), and Geography (North America, Europe, APAC, South America, and MEA). 
• 41% of the market growth will originate from North America during the forecast period. This report provides an accurate prediction of the contribution of all the geographic segments to the growth of the Decking Market size. 

Decking Market: Trends, Drivers, Challenges
The report also offers a detailed impact analysis of various trends, drivers, and challenges that are likely to influence the market growth during the forecast period. These insights will equip clients to design a growth strategy for their business and area of operations.

• Rise in automation across industries will be a significant factor in driving the growth of the Decking Market.
• Growth of the construction industry is another factor that will be instrumental in driving the market growth during the forecast period.
• An increase in construction costs is a hurdle that needs to be crossed on the path to success.

Decking Market: Vendor Analysis

The market is fragmented. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. Advantage Trim & Lumber Co., Beologic, CRH Plc, Fiberon, The AZEK Co. LLC, Trex Co. Inc., Universal Forest Products Inc., UPM-Kymmene Corp., West Fraser Timber Co. Ltd., and Weyerhaeuser Company are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.

For more insights into this market: Download a Free Sample Report. Our custom reports provide market insights at the global and regional level along with a pipeline analysis of new product launches. It also provides a peek into the latest R&D along with impact analysis of government regulations.

The report provides insights into the following FAQs:

1. What is the market CAGR?
   The market is accelerate at a CAGR of over 5%.
    
2. What is the incremental growth of the market?
   The market is expected to grow by $ 4.19 bn through 2021-2025.
    
3. What is a key factor driving this market?
   Changing lifestyles and increasing use of outdoor living spaces will drive market growth over the forecast period.
    
4. What are the key regions covered in this market research report?
   North America, Europe, APAC, South America, and MEA are the key regions featured in this research report.
    
5. Which is the leading geographic region for this market:
   41% growth will originate from North America
    
6. Who are the leading market vendors?
   The leading vendors in this market are Advantage Trim & Lumber Co., Beologic, CRH Plc, Fiberon, The AZEK Co. LLC, Trex Co. Inc., Universal Forest Products Inc., UPM-Kymmene Corp., West Fraser Timber Co. Ltd., and Weyerhaeuser Company
    
7. What are the market segments covered in this report?
   The market is segmented by Product (Composite, Wood, Plastic, and Aluminum), Application (Residential and Non-residential), and Geography (North America, Europe, APAC, South America, and MEA)

Decking Market Size to Grow by $ 4.19 bn During 2021-2025

Technavio has been monitoring the decking market and it is expected to grow by $ 4.19 bn, accelerating at a CAGR of almost 5% during the forecast period. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking

Decking Market: Receive Free Sample Report

Decking Market: North America to lead market growth during the forecast period

• 41% of the market growth will originate from North America during the forecast period.
• Rising adoption of prefabricated construction solutions will be a key trend that will influence market growth significantly.
• The Changing lifestyles and increasing use of outdoor living spaces will be a significant factor in driving the growth of the decking market.

Decking Market: Key Competitors

The market is fragmented. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. Advantage Trim & Lumber Co., Beologic, CRH Plc, Fiberon, The AZEK Co. LLC, Trex Co. Inc., Universal Forest Products Inc., UPM-Kymmene Corp., West Fraser Timber Co. Ltd., and Weyerhaeuser Company are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.

For more insights on this market: Download a Free Sample Report

Decking Market: Key Highlights of the Report for 2021-2025

• CAGR of the market during the forecast period 2021-2025
• Detailed information on factors that will drive decking market growth during the next five years
• Precise estimation of the decking market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the decking market industry across North America, Europe, APAC, South America, and MEA
• A thorough analysis of the market’s competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of decking market vendors