PUBLISHER: Inkwood Research | PRODUCT CODE: 1078466
PUBLISHER: Inkwood Research | PRODUCT CODE: 1078466
The Europe wooden decking market is estimated to grow with a CAGR of 4.68% across the forecast period of 2022 to 2030. Some of the key factors augmenting the market growth include the well-established presence of wooden decking companies, the implementation of initiatives to reinforce the residential housing sector, and the use of sustainable components in building construction to reduce emissions and warrant long-term sustainability.
The Europe wooden decking market growth assessment comprises the evaluation of the United Kingdom, Belgium, Spain, Italy, France, Germany, Poland, and Rest of Europe. France has Europe's second-largest construction industry. Following a plummet in the construction sector in the year 2020, the country's construction industry output began to rise in 2021. The recovery of the sector is mainly propelled by the renovation work segment, residential construction, and civil engineering. Moreover, France has also become an attractive market for international investors.
Investments within the construction sector in Italy are rising on account of the repair of existing buildings and government expenditure. Furthermore, due to the increased risk of business failure, the residential building industry is expected to continue increasing gradually. Hence, the demand for wooden decking utilized in construction is set to rise due to the proliferating construction industry in Italy, as a consequence of government initiatives. Therefore, these factors are expected to augment the market growth in Europe during the forecast period.
Some of the leading firms in the market are: UPM-Kymmene Oyj, Kebony, Metsa Group, Tecnodeck, etc.