According to the report titled ‘Wooden Decking Market Size By Type (Pressure-Treated Wood, Redwood, Cedar), By Application (Railing, Walls, Floors), By End-User (Residential [New Construction, Repair/Replacement], Non-residential [New Construction, Repair/Replacement]), Industry Analysis Report, Regional Outlook, Application Potential, Price Trends, Competitive Market Share & Forecast, 2021-2027’, available with Market Study Report, global wooden decking market is anticipated to grow at a considerable rate through 2027.
 

The wooden decking market expansion is credited to rising renovation of old infrastructure, in consort with surge in product demand from residential as well as commercial sectors, mainly for the purpose of replacing or repairing old parts in buildings.
 

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Notably, wooden decks are generally superior quality products that can be considered long-term investment for infrastructural works including construction or renovation. The preferred wooden decks include redwood, cedar and pressure treated ones.
 

However, primary challenge faced by the market partakers is the availability of substitutes, which is plummeting the demand for wooden decks.
 

By material, the industry is bifurcated into redwood, cedar, pressure treated wood, and others. As per the report, the others segment, inclusive of mahogany, ipe wood, and teak, is expected to witness 2.4% CAGR through 2027. Apparently, ipe wood is robust, cost effective in nature, and is also resistant to termites and mildew, hence gaining traction.
 

Moving on to application scope, worldwide wooden decking market is classified into railings, walls, floors, and others, of which railings segment is anticipated to show tremendous growth during the forecast period. Meanwhile, walls segment accounted for 19% market share in 2020.
 

Speaking of residential end-user spectrum, new construction segment is projected to grow at a annual rate of 2.8% through 2027. On the other hand, repair/replacement sector is also anticipated to grow modestly in the coming years, backed by rise infrastructural renovation activities, especially in regions like the U.S. and Europe.
 

Moving on to non-residential end-user segment, new construction segment is likely to expand at 2.8% CAGR over the analysis timeline.  
 

Moving on to regional terrain, Europe wooden decking market accounted for 31% revenue share in 2020 and is slated to grow further over the forthcoming period. On the other hand, LATAM held 5% industry share in the past year and is projected to record 2% CAGR over 2021-2027. MEA market is also likely to grow significantly over the next years, due to rise in the usage of wooden decks in commercial sector.
 

Considering the competitive landscape, companies like United Construction Products Inc., Metsa Wood, Inovar Floors India Pvt. Ltd., AZEK Building Products Inc., Kebony,  DuraLife Decking & Railing, Humboldt Redwood Company, Koppers Holdings Inc., Vetedy Group,  Alfresco Floors,  UFP Industries Inc. (previously Universal Forest Products Inc.), and Thermory AS are influencing the wooden decking market trends.