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Wooden Decking Market Is Expected To Witness Significant Gains During 2019–2025

Author : Rahul Varpe | Published Date : 2019-10-10 

The Wooden Decking Market research study is a detailed document that presents a gist of the global industry space in terms of numerous parameters. Some of these falls along the likes of the industry insights, growth drivers, industry segmentation, and trends worldwide. Also included in the research report is information pertaining to the companies partaking in the market share and the information pertaining to the regulatory norms that impact the commercialization landscape of this vertical.

On the basis of region, Europe is expected to hold the significant share in wooden decking market. In European Union residential stock is the biggest segment constituting around 75% of the total building stock. Of this residential stock, around 64% are row houses/single family houses. Countries such as UK, Ireland, Norway, Netherlands have more than 80% of single-family houses, and with recovery in residential sector due to rise in real estate prices the demand for wooden deck is also expected to show a positive growth rate over forecast timespan in region. Besides  countries such as China, Brazil and Mexico will also show a decent growth due to increasing refurbishment and remodeling activities.

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Wooden Decking Market size is majorly driven by increasing demand for luxurious homes in developing nations coupled with rising refurbishment and remodeling activities over the forecast timeframe. In the repercussion of 2009 economic recession, many homeowners were unwilling to invest in the repairing, refurbishment and decking projects due to persisting uncertainty. However, improving housing prices in most of the developed nations have invoked confidence in buyers across the globe. According to the IMF, in some countries the housing prices are increasing faster than the rent prices which is a good indication for the growth of global residential sector. All these factors together will drive product market in positive direction.

What are the important points that the Wooden Decking Market report covers with respect to the Application landscape?

  • The report segments the Wooden Decking Market into Railing, Walls, Floors as per the Application spectrum.
  • The market share that each of the Application segments account for in the industry currently, are provided in the report.
  • The growth rate at which the Application categories will increase over the forecast period have been mentioned, in tandem with the target valuation that each of the sub-segments will accrue by the end of the projected period.

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On the basis of application, the wooden decking market size is segmented into railings, walls, floors and others. The others segment includes structures like pergolas, planters, etc. The product is used in all these applications to enhance the aesthetics of the houses. On the basis of end use sector, the market is segmented into residential and non-residential. Among these residential sectors is expected to hold the major share due presence of large number of residential building stock all across the globe. The non-residential includes all the commercial, institutional buildings where wooden decks are used for providing lavish and appealing look. Also, wooden decks are majorly used in row houses/single family houses rather than apartments.

Other important pointers encompassed in the report:

  • The Wooden Decking Market study presents a 360-degree synopsis of the industry in question, covering all the latest aspects possible.
  • The numerous pricing trends prevalent in the Wooden Decking Market are presented in the report.
  • Pertaining to the competitive landscape, the report also includes a snippet about the financial data of the companies included.
  • A gist of the regulatory norms governing the Wooden Decking Market across the developed and developing economies has been enumerated in the study.
  • For the sake of convenience, the Wooden Decking Market report also explicates on the market definitions referred to in the document.

Some of the prominent players in wooden decking market are Sundek Interio, United Construction Products, AZEK Building Products, Metsa Wood, Humboldt Redwood Company, DuraLife, Kebony, Universal Forest Products, Deck Solutions, Koppers, Trex Company, Alfresco Floors, Thermory AS, etc.

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Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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About Author

Rahul Varpe

Rahul Varpe

Rahul Varpe currently writes for fractovia. A communication Engineering graduate by education, Rahul started his journey in as a freelancer writer along with regular jobs. Rahul has a prior experience in writing as well as marketing of services and products online. Apart from being an avid reader, his other hobbies include music and sketching. He can be contacted at- [email protected] | https://twitter.com/varperahul

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