Wooden Decking Market Size, Share, Competitive Landscape and Trend Analysis Report
The global wooden decking market, valued at $13.9 billion in 2020, is projected to reach $18.6 billion by 2030, growing at a CAGR of 2.9% from 2021 to 2030. Wooden decking, a flat, elevated surface akin to a floor, is typically built outdoors for landscaping, extending living spaces, or replacing stone features like patios. Materials like treated timber, composite lumber, and aluminum are used, with applications in cladding, siding, paths, pool decks, and flooring.
Rising demand for residential projects, driven by population growth and urbanization, particularly in Asia-Pacific, fuels market growth. For instance, India’s $3.58 billion Alternative Investment Fund in 2019 aimed to revive stalled housing projects, while Puravankara Ltd. plans to invest $121.6 million in luxury residential complexes. These developments create opportunities for wooden decking in new constructions and renovations.
The COVID-19 pandemic disrupted production due to lockdowns, but recovery began by 2022 with vaccine rollouts, enabling full-scale operations. Strategic moves, like UFP Industries’ 2021 collaboration with Endurable for aluminum and wooden decking products, enhance market competitiveness.
By type, cedar is expected to grow significantly, while the residential segment dominated in 2020. North America led the market, but Asia-Pacific is poised for rapid growth. Key players, including Weyerhaeuser and UPM-Kymmene, drive innovation to meet rising demand for sophisticated, durable decking solutions.