The global market for wooden decks worth EUR 13,858.7 million in 2020 is expected to reach $ 18,624.0 million by 2030 and an annual growth rate (CAGR) of 2.9% from 2021 to 2030. Wooden ceiling refers to a flat, weight -related surface, which typically above the ground, in its landscaping, and in their landscaping, in their landscaping, and in the alternative that were used in the basis of landscaping, and in the alternative. The wooden deck, which was built from materials such as treated wood, composite wood, composite materials and aluminum, is often used in residential and non-apartment applications, including cladding, siding, paths, pool decks and floor. The market will be attributed to the increasing demand for demanding construction, renovation work and residential projects, especially in the Asian-Pacific area, although challenges such as COVID-19 pandemic have presented temporary setbacks. Strategic partnerships and growing urbanization offer considerable growth opportunities.
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Main driver of market growth
The increasing demand for advanced construction solutions in the industrialized countries and the increase in renovation and repair activities at home are powered by the increasing demand for advanced construction solutions. In residential areas, wooden decks improves outdoors and serves as an attractive and functional addition to houses. The applications range from garden landscape design to pool decks and paths and make a varied choice for homeowners. The aesthetic attraction and durability of materials such as cedar, redwood and pressure -treated wood continue to drive demand, since consumers are looking for high -quality, long -lasting solutions for their properties.
Fast urbanization and population growth, especially in the Asian-Pacific area, are significant market drivers for market expansion. Countries like India and China experience a boom in residential and non-apartment buildings to accommodate the growing urban population groups. For example, the Indian Union cabinet approved an alternative investment fund of 3.58 billion US dollars (AIF) in November 2019 to revive over 1,600 stable living projects in large cities. Similarly, Puravankara Ltd. Plans to invest $ 121.6 million for the development of ultra-luxurious residential complexes in Chennai, Bengaluru and Mumbai. These initiatives are expected to increase the demand for wooden decks in residential projects and create lucrative opportunities for market growth.
The increasing focus on living space outdoors also contributes to market demand. Home owners are increasingly investing in decks to expand living areas, especially in regions with cheap climate. In residents such as hospitality and commercial real estate, wooden decks are used to create appealing outdoor areas for customers and to further promote market growth.
Challenges for the market
The market for wooden decks was due to the COVID-19 pandemic, which disrupted global trade, economies and industries, including construction and manufacturing, considerable challenges. The Lockdowns stopped production in the wooden deck sector, and the disorders of the supply chain limited the availability of raw materials such as wood and composite wood. Construction projects, an essential driver of deck demand, were delayed or canceled, which led to a temporary decline in market activities in 2020. With the introduction of COVID-19-vaccines and falling infection rates, however, the market is expected to be recovered by the beginning of 2022, since the companies will implement the complete sales and the implementation of strategies to protect their workers and deliver chains.
Another challenge is the high costs for premium deck materials such as Cedar and Redwood, which can deter the record-sensitive consumers in the development markets. In addition, the maintenance requirements for certain types of wooden decks such as regular sealing or coloring to prevent weathering can increase the long -term costs and may restrict acceptance in some regions.
Growth opportunities
The wooden cover market is ready for relaxation and growth due to several new possibilities. The resumption of construction activities according to the Kovid-19, in connection with state-supported infrastructure projects, is expected to increase demand. In the Asian-Pacific area, large-scale living and business developments, which are supported by initiatives such as India's AIF, have a favorable environment for market expansion. The growing trend of sustainable construction also offers opportunities, since environmentally friendly materials such as composite wood are gained in popularity in environmentally conscious consumers.
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Strategic partnerships and acquisitions further improve market growth. In April 2021, for example, the UFP industry worked with endable building products, a leading manufacturer of aluminum and wooden deck solutions for outdoor applications such as deck frames, balconies and railings. This cooperation expanded the UFP Industries product portfolio, strengthens the market position and reduction in consumer needs.
Market segmentation
The market for wooden decks is segmented according to the type, construction type, end user and region and offers a detailed understanding of its dynamics.
According to type
The market is divided into:
Pressure treated wood
Redwood
cedar
Others (tropical hardwood, Tigerwood, Mahogany, Teak and Ipe)
In 2020, pressure -treated wood dominated the market due to its affordability and durability. The Cedar segment is expected to grow on a significant CAGR in the forecast period, which is due to its natural resistance to decay and aesthetic attractiveness.
According to construction type
The market is categorized in:
New building
Renovation and repair
The renovation and repair segment was the largest market share in 2020 when homeowners and real estate managers invested in the improvement of existing outdoor areas. The new building is also an important growth area, especially in the Asian-Pacific area, where urbanization promotes demand for residential projects.
From end users
The market is divided into:
Reside
Non -motorhome
The apartment segment dominated the market in 2020, driven by the popularity of outdoor living rooms in houses. It is expected that the segment without an apartment, including hospitality and commercial real estate, will grow steadily when companies invest outdoors in amenities.
According to region
The market is over:
North America: USA, Canada, Mexico
Europe: Germany, France, Great Britain, Italy, rest of Europe
Asia-Pacific: China, India, Japan, South Korea, rest of the Asian-Pacific area
Lamaa: Latin America, the Middle East, Africa
North America held the largest market share in 2020, which was carried out by a strong demand for apartment points in the US Asia-Pacific, is expected to register the highest CAGR-KAGR in the forecast period, which is heated by rapid urbanization and infrastructure investments in countries such as India and China.
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Competitive landscape
The market for wooden decks is competitive. The most important actors focus on partnerships, acquisitions and product innovations to strengthen their market position. Large companies include:
Humboldt Redwood Company
James Latham PLC
Long fence
Insult group
Setra group
UFP industry
UPM-Kymmene Corporation
Vetedy group
West Fraser Timber Co. Ltd.
Weyerhaeuser Company
Strategic steps such as the collaboration of UFP Industries with endless construction products in April 2021 underline the focus of the industry on expanding product offers and the fulfillment of a wide range of consumer requirements.
Important advantages for stakeholders
The market report for wooden decks offers the stakeholders valuable insights:
Market trends and dynamics: Analysis of the current and emerging trends that shape the market.
Segment -style insights: Detailed segmentation according to type, design type and end user emphasizes growth opportunities.
Regional analysis: Comprehensive insights into North America, Europe, Asian-Pacific and Lama identify top-class markets.
Competition: The profiling of important players and their strategies offers a roadmap for navigation in the competitive landscape.
Forecast analysis: Projections from 2021 to 2030 enable well -founded decision -making for investments and strategies.
The global market for wooden decks is intended for steady growth, which is due to the demand for sophisticated activities for construction, urbanization and renovation activities in the apartment. Despite the challenges of COVID-19 pandemic, the market is recovering with the resumption of construction activities and strategic industrial initiatives. With a forecast value of $ 18,624.0 million by 2030, the wooden cover market offers manufacturers, developers and investors, especially in the Asian-Pacific area, considerable options in which rapid urbanization has demand.
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