According to the new report published by Industry Research Place Global Wooden Decking Market is valued at USD 13.56 Billion in 2020 and is projected to reach USD XX Billion by 2026 with the CAGR of 2.8 % over the forecast period.
This report analyses the global market for Wooden Decking . The report will enable the user to understand and gain insights into the current and forecast market situation. The market is comprehensively analyzed by geography to give complete information on the global scenario. The qualitative and quantitative data provided in this study can help user understand which market segments, regions are expected to grow at higher rates, factors affecting the market and key opportunity areas. The report also includes competitive landscape of key players in the industry along with emerging trends in the market.
A deck is a flat weight-bearing surface elevated above the ground, similar to a floor that is frequently built outside of a building. Wood and timber decking can be used in a variety of ways. It is used in garden landscaping, to expand a house's living area, and as a substitute for some stone-based features such as patios. Decks are made from a variety of materials, including treated wood, composite lumber, composite material, and aluminium. The demand for sophisticated construction in developed countries, as well as an increase in renovation and house repair activities, is the primary drivers of growth in the wooden decking market. In the residential sector, wood decking is used for new construction as well as repairs and renovations. It is used in a variety of residential construction applications, including cladding and siding, paths, swimming pool decks, and flooring.
The novel coronavirus has rapidly spread across various countries and regions, wreaking havoc on people's lives and the overall community. It began as a human health issue and has since evolved into a major threat to global trade, economy, and finance. Because of the COVID-19 pandemic, many products in the wooden decking industry have been halted. Furthermore, as the COVID-19 vaccine is introduced into the market, the number of COVID-19 cases is expected to decrease in the near future. This has resulted in the reopening of full-scale wooden decking companies. This will aid the market's recovery by the beginning of 2022. After COVID-19 infection cases begin to decline, manufacturers of equipment and machinery must focus on protecting their employees, operations, and supply networks in order to respond to urgent emergencies and establish new working methods.
Major Players of the Wooden Decking Market
1. Humboldt Redwood Company,
2. James Latham PLC
3. Long Fence
4. Metsa Group
5. Setra Group AB
6. UFP Industries
7. UPM-Kymmene Corporation
8. Vetedy Group
9. West Fraser Timber Co. Ltd.
10. Weyerhaeuser Company
Global Wooden Decking Market COVID-19 impact Analysis
This report highlights the impact of the Covid-19 pandemic on Global Wooden Decking Market. By combining data from a range of industry sources, as well as predictive modeling and market trend analysis, we provide an evidence-based set of projections that will allow organizations to plan their strategies more effectively. The report gives in depth analysis of short term and long term impacts of epidemic on the industry.
The COVID 19 outbreak has hampered the growth of the wooden decking industry due to the countries' lockdown measures and delays in production and manufacturing of wooden decking used in residential and commercial spaces.
The COVID 19 impact assessment of Global Wooden Decking Market is divided into following sections:
Section1: Pre Lockdown
This part of the report looks at how market changed throughout early 2020, as the spread of COVID-19 intensified on different geographies.
Section2: During Lockdown
This part of the report collects data across the sector to know how people have responded to lockdown. It analyses the impact of the epidemic on the workforce in the industry and disruption in various regions and countries
Section3: Post Lockdown
This part of the report project what sector recovery could look like and summarizes ways in which the business landscape could shift.
Market Segmentation
• Type
o Pressure treated wood
o Redwood
o Cedar
• Application
o Building materials
o Rails & infrastructure
• End-User
o Residential
o Non-residential
Report Coverage
• An overview of the Global Wooden Decking Market
• In depth analysis of market dynamics and major factors such as drivers, restraints, opportunities and trends influencing the global market
• Global Wooden Decking Market revenue data historic and forecast analysis (2015 to 2026)
• Characterization and quantification of the market segments for Wooden Decking Market
• Market share analysis of key market participants and their competitive landscape
Important Questions Answered by Global Wooden Decking Market Report
• What is the impact of COVID 19 epidemic on the Global Wooden Decking Market?
• Which is mostly affected region, country?
• Which is the current largest and fastest-growing region?
• What is the market size and growth rate of the Global Wooden Decking Market?
• What are current factors affecting the growth of market?
• What are Key trends and opportunity areas?
• Within Wooden Decking Market, which segments are fastest growing & emerging strongly? What are the drivers and restraints for each segment? What are vendor competencies by segment?
• What are the major strategies adopted by leading market companies?
• What are company challenges and essential success factors by market segment?
• How company offerings and supply chain capabilities are shifting to meet emerging market needs?
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