According to the latest market research study released by Technavio, the global decking market is expected to grow at a CAGR of more than 6% during the forecast period 2016-2020.
This market research report by Technavio provides an in-depth analysis of the market in terms of revenue and emerging market trends. The report also includes an up-to-date analysis and forecasts for various market segments and all geographical regions.
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Technavio research analysts categorize the global decking market based on the type:
Global decking market share by the type 2015
|
Timber decking |
40.09% |
|
Plastic decking |
20.8% |
|
Composite decking |
20.1% |
|
Aluminum decking |
18.2% |
Source: Technavio
The top three revenue contributing type segments are discussed below:
Global timber decking market
In 2015, timber decking accounted for around 40% of the overall revenue generated by the global market for decking. Timber decking is the most popular type of decking in the global market owing to the easy availability of wood. Positively correlated new housing construction projects that have shown revised growth opportunities and replacement of the old decks will act as incentives for the growth of the global timber decking market during the forecast period. The desire to extend a part of the indoor living space to an aesthetically pleasing deck for purposes such as outdoor dining, sitting around the fire, cooking, relaxing in a hot tub, or for children’s play area among homeowners across the globe is also expected to fuel the demand for timber decking over the next four years.
“Decking is increasingly considered as an outdoor living space where people have their kitchen and other things for entertainment and amusement. This ongoing change in the concept of decks is fueling the demand for decking across the globe. Vendors in the market such as Trex, TimberTech, and Millboard offer low-maintenance decking. The growth of the residential market, especially in countries such as the US and Canada, is also expected to contribute to the demand for decking in the global market,” says Sunil Kumar Singh, a lead analyst at Technavio for research on embedded systems.
Global plastic decking market
Plastic decking is the fastest-growing segment of the global market for decking. Plastic decking includes materials such as poly-vinyl chloride (PVC), HDPE, LDPE, and polypropylene (PP), which are lightweight and durable, making their shipping and installation hassle-free and simple. Plastic decking is especially preferred in instances where the deck is in continuous contact with water. Furthermore, plastic decking materials can also be fabricated aesthetically based on customers’ requirements, which makes it more popular in the global decking market. With consumers looking for environment-friendly decking solutions, the popularity of plastic decking is likely to increase during the forecast period.
Global composite decking market
During 2015, composite decking contributed more than 20% of the overall revenue generated by the global decking market. Composite or WPC is manufactured using reclaimed wood fiber and scrap polyethylene. WPCs are extremely low maintenance and arrive as a finished product, thereby eliminating the need for finishing activities such as sanding, staining, or painting. They can be easily cleaned with soap and water. As WPC uses recycled wood and recycled plastic, it also helps prevent deforestation. Unlike pressure treated lumber, WPC manufacturing does not use any chemicals, is toxin free, and has zero water wastage. Increased concerns about the environment among consumers across the globe is likely to contribute to the demand for composite decking in the global market during the forecast period.
The top leading vendors operating in the global decking market are:
- Advanced Environmental Recycling Technologies
- Advantage Trim & Lumber
- Fiberon
- Timber Holding USA
- TimberTech
- Trex
Other prominent vendors in the market include Accsys Technologies, Boral, Cali Bamboo, Dasso, East Teak Fine Hardwoods, Eva-Last, Kayu, MOSO, Roseburg, Millboard, Outdoor Structures Australia, TAMKO, UPM, Vetedy, Westwood, Western Forest Products.
A more detailed analysis is available in the Technavio report titled, ‘Global Decking Market 2016-2020’. Technavio also customizes reports by other regions and specific segments upon request.
Other related reports:
- Global Wooden Floor Market 2016-2020
- Global Flooring Market 2016-2020
- Global Timber Decking Market 2016-2020
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