North America Wooden Decking Market Forecast 2022-2030

The North America wooden decking market is predicted to register a CAGR of 4.90% during the forecasting period, 2022 to 2030. The regional market's growth is facilitated by the increase in private construction investments, the presence of well-established companies, as well as the rise in residential construction.

MARKET INSIGHTS

The North America wooden decking market growth evaluation encompasses the study of Canada and the United States. In 2019, Canada had 486,800 residential real estate transactions, indicating a rise from the five-year low of 2018. The surge in activity was primarily reflected in Ontario and Quebec, where the numbers reached 9% and 11%, respectively. In addition, over 580,000 residences were purchased and sold within the first ten months of 2021, surpassing the total of 552,423 dwellings sold in the year 2020.

On the other hand, according to industry statistics, more than 74,800 projects received approvals under the Investing in Canada Plan as of November 2021. The Community Infrastructure Improvement Fund (CIIF) has also set aside $117 million for the repair and upgradation of community infrastructure facilities across Canada. Furthermore, in terms of federal funding, the total exceeded $78 billion.

On account of the rising immigration, the requirements for housing as well as infrastructure have significantly expanded in Canada. Hence, the construction industry is anticipated to accelerate rapidly during the upcoming years, thus fueling the demand for wooden decking. Therefore, such factors are set to propel the market growth in North America over the forecast period.

COMPETITIVE INSIGHTS

Some of the major companies operating in the market include: West Fraser Timber Co Ltd, Trex Company Inc, Deck Solutions LLC, Weyerhaeuser Company, etc.

Our report offerings include:

Explore key findings of the overall market

Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges)

Market forecasts for a minimum of 9 years, along with 3 years of historical data for all segments, sub-segments, and regions

Market Segmentation cater to a thorough assessment of key segments with their market estimations

Geographical Analysis: Assessments of the mentioned regions and country-level segments with their market share

Key analytics: Porter's Five Forces Analysis, Vendor Landscape, Opportunity Matrix, Key Buying Criteria, etc.

Competitive landscape is the theoretical explanation of the key companies based on factors, market share, etc.

Company profiling: A detailed company overview, product/services offered, SCOT analysis, and recent strategic developments

Product Code: 45556

1. RESEARCH SCOPE & METHODOLOGY

1.1. STUDY OBJECTIVES
1.2. SCOPE OF STUDY
1.3. METHODOLOGY
1.4. ASSUMPTIONS & LIMITATIONS

2. EXECUTIVE SUMMARY

2.1. MARKET SIZE & ESTIMATES
2.2. MARKET OVERVIEW

3. MARKET DYNAMICS

3.1. KEY DRIVERS
- 3.1.1. RISING AFFORDABLE HOUSING PROJECTS
- 3.1.2. GROWTH IN REMODELING ACTIVITIES
- 3.1.3. RISING DEMAND FOR HOUSING AND INFRASTRUCTURE IN ADVANCED ECONOMIES
3.2. KEY RESTRAINTS
- 3.2.1. INCREASING USE OF ALTERNATIVE WOOD DECKING MATERIALS

4. KEY ANALYTICS

4.1. IMPACT OF COVID-19 ON WOODEN DECKING MARKET
4.2. KEY MARKET TRENDS
4.3. PORTER'S FIVE FORCES ANALYSIS
- 4.3.1. BUYERS POWER
- 4.3.2. SUPPLIERS POWER
- 4.3.3. SUBSTITUTION
- 4.3.4. NEW ENTRANTS
- 4.3.5. INDUSTRY RIVALRY
4.4. OPPORTUNITY MATRIX
4.5. VENDOR LANDSCAPE
4.6. VALUE CHAIN ANALYSIS

5. MARKET BY TYPE

5.1. PRESSURE-TREATED WOOD
5.2. REDWOOD
5.3. TROPICAL HARDWOOD
5.4. CEDAR
5.5. WOOD-PLASTIC COMPOSITES (WPC)
5.6. OTHER TYPES

6. MARKET BY APPLICATION

6.1. RAILING
6.2. FLOOR
6.3. WALL
6.4. OTHER APPLICATIONS

7. MARKET BY END-USER

7.1. RESIDENTIAL
7.2. NON-RESIDENTIAL

8. GEOGRAPHICAL ANALYSIS

8.1. NORTH AMERICA
- 8.1.1. MARKET SIZE & ESTIMATES
- 8.1.2. KEY DRIVERS
- 8.1.3. KEY CHALLENGES
- 8.1.4. KEY PLAYERS
- 8.1.5. COUNTRY ANALYSIS
  - 8.1.5.1. UNITED STATES
  - 8.1.5.2. CANADA

9. COMPETITIVE LANDSCAPE

9.1. KEY STRATEGIC DEVELOPMENTS
- 9.1.1. MERGERS & ACQUISITIONS
- 9.1.2. PARTNERSHIPS & AGREEMENTS
- 9.1.3. BUSINESS EXPANSIONS
9.2. COMPANY PROFILES
- 9.2.1. AZEK COMPANY INC
- 9.2.2. DECK SOLUTIONS LLC
- 9.2.3. DURALIFE DECKING & RAILING SYSTEMS
- 9.2.4. FIBERON
- 9.2.5. HUMBOLDT SAWMILL COMPANY LLC
- 9.2.6. INOVAR FLOOR
- 9.2.7. KEBONY
- 9.2.8. MENDOCINO FOREST PRODUCTS COMPANY LLC
- 9.2.9. METSA GROUP
- 9.2.10. NEOTIMBER
- 9.2.11. SETRA GROUP AB
- 9.2.12. TECNODECK (MITERA GROUP)
- 9.2.13. THERMORY AS
- 9.2.14. TREX COMPANY INC
- 9.2.15. UFP INDUSTRIES INC
- 9.2.16. UPM-KYMMENE OYJ
- 9.2.17. VETEDY GROUP
- 9.2.18. WEST FRASER TIMBER CO LTD
- 9.2.19. WEYERHAEUSER COMPANY

Product Code: 45556

LIST OF TABLES

TABLE 1: MARKET SNAPSHOT - WOODEN DECKING
TABLE 2: NORTH AMERICA WOODEN DECKING MARKET, BY TYPE, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)
TABLE 3: NORTH AMERICA WOODEN DECKING MARKET, BY TYPE, FORECAST YEARS, 2022-2030 (IN $ MILLION)
TABLE 4: NORTH AMERICA WOODEN DECKING MARKET, BY APPLICATION, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)
TABLE 5: NORTH AMERICA WOODEN DECKING MARKET, BY APPLICATION, FORECAST YEARS, 2022-2030 (IN $ MILLION)
TABLE 6: NORTH AMERICA WOODEN DECKING MARKET, BY END-USER, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)
TABLE 7: NORTH AMERICA WOODEN DECKING MARKET, BY END-USER, FORECAST YEARS, 2022-2030 (IN $ MILLION)
TABLE 8: NORTH AMERICA WOODEN DECKING MARKET, BY COUNTRY, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)
TABLE 9: NORTH AMERICA WOODEN DECKING MARKET, BY COUNTRY, FORECAST YEARS, 2022-2030 (IN $ MILLION)
TABLE 10: KEY PLAYERS IN NORTH AMERICA WOODEN DECKING MARKET
TABLE 11: LIST OF MERGERS & ACQUISITIONS
TABLE 12: LIST OF PARTNERSHIPS & AGREEMENTS
TABLE 13: LIST OF BUSINESS EXPANSIONS

LIST OF FIGURES

FIGURE 1: KEY MARKET TRENDS
FIGURE 2: PORTER'S FIVE FORCES ANALYSIS
FIGURE 3: OPPORTUNITY MATRIX
FIGURE 4: VENDOR LANDSCAPE
FIGURE 5: VALUE CHAIN ANALYSIS
FIGURE 6: NORTH AMERICA WOODEN DECKING MARKET, GROWTH POTENTIAL, BY TYPE, IN 2021
FIGURE 7: NORTH AMERICA WOODEN DECKING MARKET, BY PRESSURE-TREATED WOOD, 2022-2030 (IN $ MILLION)
FIGURE 8: NORTH AMERICA WOODEN DECKING MARKET, BY REDWOOD, 2022-2030 (IN $ MILLION)
FIGURE 9: NORTH AMERICA WOODEN DECKING MARKET, BY TROPICAL HARDWOOD, 2022-2030 (IN $ MILLION)
FIGURE 10: NORTH AMERICA WOODEN DECKING MARKET, BY CEDAR, 2022-2030 (IN $ MILLION)
FIGURE 11: NORTH AMERICA WOODEN DECKING MARKET, BY WOOD-PLASTIC COMPOSITES (WPC), 2022-2030 (IN $ MILLION)
FIGURE 12: NORTH AMERICA WOODEN DECKING MARKET, BY OTHER TYPES, 2022-2030 (IN $ MILLION)
FIGURE 13: NORTH AMERICA WOODEN DECKING MARKET, GROWTH POTENTIAL, BY APPLICATION, IN 2021
FIGURE 14: NORTH AMERICA WOODEN DECKING MARKET, BY RAILING, 2022-2030 (IN $ MILLION)
FIGURE 15: NORTH AMERICA WOODEN DECKING MARKET, BY FLOOR, 2022-2030 (IN $ MILLION)
FIGURE 16: NORTH AMERICA WOODEN DECKING MARKET, BY WALL, 2022-2030 (IN $ MILLION)
FIGURE 17: NORTH AMERICA WOODEN DECKING MARKET, BY OTHER APPLICATIONS, 2022-2030 (IN $ MILLION)
FIGURE 18: NORTH AMERICA WOODEN DECKING MARKET, GROWTH POTENTIAL, BY END-USER, IN 2021
FIGURE 19: NORTH AMERICA WOODEN DECKING MARKET, BY RESIDENTIAL, 2022-2030 (IN $ MILLION)
FIGURE 20: NORTH AMERICA WOODEN DECKING MARKET, BY NON-RESIDENTIAL, 2022-2030 (IN $ MILLION)
FIGURE 21: NORTH AMERICA WOODEN DECKING MARKET, COUNTRY OUTLOOK, 2021 & 2030 (IN %)
FIGURE 22: UNITED STATES WOODEN DECKING MARKET, 2022-2030 (IN $ MILLION)
FIGURE 23: CANADA WOODEN DECKING MARKET, 2022-2030 (IN $ MILLION)