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Wooden Decking Market is Expected to Witness Fastest Growth over 2019 - 2025

Author : Rahul Varpe | Published Date : 2019-10-21 

Wooden Decking Market report, compiled recently by Global Market Insights examines the industry in terms of the global expanse, highlighting the present & future growth potential of each region as well as consolidated statistics. The study also presents a precise summary of the competitive milieu, key developments, and application landscape of the Wooden Decking Market based on the impact of the financial and non-financial facades of the industry.

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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.

Wooden decks are flat surfaces that are able to provide support and withstand weight. These are used widely in luxury homes for generally outdoor applications such as construction of floors, rails across gardens. Globally the demand of luxury homes is on rise due to rise in per capita income, changing consumer aspirations and lifestyles. High disposable income enables citizens to spend their money on various amenities, to reflect lavish lifestyles.

Wooden Decking Market, By Application:

  • Railing
  • Walls
  • Floors
  • Others

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Moreover, in developed economies the wooden decking market size is expected to show substantial growth as the demand for luxury house will propel due to their ability to provide higher return on investment as these are one of the best performing assets in terms of value and will yield after a period of time. Availability of substitutes such as composite decking solutions which are easy to install and durable, coupled with high maintenance requirements for wooden decks is likely to hinder the market growth rate in near future.

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.

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.

Related News: https://declara.com/content/62c8219e-a28d-4826-b9f8-0132a75175f9

About Global Market Insights:

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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