Jersey City, New Jersey May 18, 2020 (Issuewire.com) - Wooden Decking Market Size And Forecast
According to Verified Market Research, the Global Wooden Decking Market was valued at USD 7.1 Billion in 2019 and is projected to reach USD 7.9 Billion by 2027, growing at a CAGR of 1.3% from 2020 to 2027.
What is Wooden Decking?
Deck is the same as the floor and one of the surfaces which are flat and support withstand the weight. This deck is often constructed outdoors that is elevated from ground and mainly connected to the building. This wooden decking is utilized in many applications mainly in build patios, extend living areas, garden landscaping, and much more. The wooden decks are made up of composite lumber, treated lumber, aluminum, and composite material. Decks are mostly made up of pressure-treated lumber and very often steel beams.
Get | Download Sample Report @ – https://www.verifiedmarketresearch.com/download-sample/?rid=37972&utm_source=Free&utm_medium=004
Global Wooden Decking Market Outlook
In the report, the market outlook section mainly encompasses fundamental dynamics of the market which include drivers, restraints, opportunities and challenges faced by the industry. Drivers and restraints are intrinsic factors whereas opportunities and challenges are extrinsic factors of the market.
The wooden decking market is majorly driven by increasing construction activities and rising disposable income. The surge in demand for a higher standard of living, rapid industrialization, rising demand for wooden decking in schools, hotels, and others are some other factors that are expected to stir up the market growth. The availability of substitutes such as plastic decks is majorly impacting negatively on the market growth. Moreover, the hardwoods are expensive than other decking materials that might limit market growth.
Verified Market Research narrows down the available data using primary sources to validate the data and use it in compiling a full-fledged market research study. The report contains a quantitative and qualitative estimation of market elements which interests the client. The “Global Wooden Decking Market” is mainly bifurcated into sub-segments which can provide classified data regarding the latest trends in the market.
Global Wooden Decking Market Competitive Landscape
The “Global Wooden Decking Market” study report will provide a valuable insight with an emphasis on global market including some of the major players such as Universal Forest Products, Inc., Setra Group, Metsä Group, James Latham PLC, Cox Industries, Inc., Weyerhaeuser Company, West Fraser Timber Co. Ltd., Vetedy Group, UPM-Kymmene Corporation, and Humboldt Redwood Company and Mendocino Redwood Company. Our market analysis also entails a section solely dedicated for such major players wherein our analysts provide an insight into the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share and market ranking analysis of the above-mentioned players globally.
Get More Information @ – https://www.verifiedmarketresearch.com/download-sample/?rid=37972&utm_source=Free&utm_medium=004
Wooden Decking Market, By Type
- Pressure treated wood
• Redwood
• Cedar
• Others
Wooden Decking Market, By Application
- Building materials
• Rails & infrastructure
Wooden Decking Market, By End-User
- Residential
• Non-residential
Wooden Decking Market Geographic Scope
- North America
o U.S.
o Canada
o Mexico
• Europe
o Germany
o UK
o France
o Rest of Europe
• Asia Pacific
o China
o Japan
o India
o Rest of Asia Pacific
• Rest of the World
Obtain Report Details @ https://www.verifiedmarketresearch.com/product/wooden-decking-market/?utm_source=Free&utm_medium=004
Media Contact
Market Research jennysmith22119@gmail.com
