Wooden Decking Market Growth and Forecast To 2027 Covid-19 Analysis
The report on Wooden Decking Market is an in-depth study and presentation of drivers, restraints, opportunities, market trends, market size, forecasts, and challenges in the global Wooden Decking Market. Moreover, the report is a collective demonstration of primary and secondary research findings. Various analysis models used to gather data for this report provide insights into the competitive rivalry, players’ positions in the market, identifies strength, weakness, threat, and opportunities for the existing as well as new entrants in the market. The presented data in the report can help the user to make profitable decisions for better business growth.
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Regional analysis
Regional analysis by Stratview Research includes analysis of the overall consumer market in a specific region. The given information in the report will work as a guide for the users working in that region or planning to venture a business there under any product or service segment.
Analysis of Wooden Decking Market Key Manufacturers:
According to the report, the Wooden Decking Market includes suppliers, product manufacturers, and OEMs. Following is a list of the Key Players in this market.
UPM-Kymmene Oyj
Weyerhaeuser Company
West Fraser Timber Co. Ltd.
UFP Industries, Inc.
Metsä Group
Setra Group AB
James Latham plc
Cox Industries, Inc.
Humboldt Redwood Company and Mendocino Redwood Company
Vetedy Group.
Growth drivers and Market Value:
This report, from Stratview Research, studies the Wooden Decking Market value and growth drivers over the trend period of 2022-26. According to the report -
Wooden Decking market is likely to witness a modest CAGR of 2.8% during the forecast period. Organic growth of the construction industry coupled with rising per capita income, and increasing investment by individuals to provide more aesthetic looks to their residential households as well as workplaces are the major factors for the healthy growth of the market for wooden decking.
Based on Construction Type:
Based on the construction type, the market is segmented as repairs & remodeling and new constructions. The repairs & remodeling segment held the larger share of the market in 2020, and is expected to remain dominant during the forecast period. Increasing repairs & remodeling activities to improve the aesthetics of the residential construction sector are the major factors behind the dominance of the segment over the next five years.
Based on Region:
In terms of regions, North America is estimated to be the largest market, whereas Asia-Pacific is projected to be the highest-growing region in the market, fueled by its higher demand in emerging economies of the region such as China, India, and Japan. Highly growing construction industry along with rapid urbanization and rising disposable income in the emerging economies such as China, Japan, and India, are the major growth factors of the Asia-Pacific’s wooden decking market during the forecast period.
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Research Methodology &Features -
This report offers in-depth insights and is the result of detailed research methodology through secondary research, extensive primary interviews with industry key players, and statistical tools. The report provides vital information related to the market dynamics and enables strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:
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