PUBLISHER: Verified Market Research | PRODUCT CODE: 1733620
PUBLISHER: Verified Market Research | PRODUCT CODE: 1733620
The demand for wooden decking is rising for a variety of factors. People are spending more time outside, and they want to make their outdoor living spaces more comfortable and inviting. Wooden decking is a popular choice for this purpose due to its durability, versatility, and aesthetic appeal. The market size surpass USD 0.98 Billion valued in 2024 to reach a valuation of around USD 1.09 Billion by 2032.
The growing popularity of environmentally friendly building materials is also fueling demand for hardwood decking. Wood is a renewable resource that may be gathered and treated sustainably. The growing trend of DIY home repair projects is also driving up demand for wooden decking. Many individuals prefer to install their wooden decking as it is a simple undertaking that requires only basic tools and abilities. The rising demand for cost-effective and efficient wooden decking is enabling the market grow at a CAGR of 1.31% from 2026 to 2032.
Wooden Decking Market: Definition/ Overview
Wooden decking is a term used to describe flat surfaces or platforms that are often built outside, often elevated from the ground, and are made mostly of timber or hardwood. It's utilized to expand living spaces and create useful areas like patios, gardens, and swimming platforms. Wooden decking materials such as pressure-treated wood, redwood, and cedar are noted for their longevity, aesthetic appeal, and decay resistance when properly maintained. Wooden decks are also commonly utilized in both residential and commercial settings for landscaping, outdoor entertainment, and lounging spaces.
The wooden decking market is predicted to expand as outdoor living trends rise, particularly in regions with growing construction activity. With growing demand for eco-friendly and sustainable building materials, advances in wood treatments and composite decking materials may improve durability and minimize care requirements, attracting more customers. The market may benefit from design advancements that provide customized solutions to match changing architectural preferences and construction sector sustainability goals.
The expanding outdoor living trend is driving the wooden decking market. The growing need for useful and aesthetically pleasing outdoor spaces has made wooden decking a popular choice among homeowners. The American Institute of Architects' 2023 study listed outdoor living spaces as the most popular "special function room" for the eighth consecutive year, with 62% of architects reporting increased client interest. The increase in demand for outdoor spaces directly adds to the market's growth.
The growth of residential construction is boosting the wooden decking market. According to the US Census Bureau, around 1.4 million new housing units will be built in 2023, driving up demand for outdoor upgrades such as hardwood decking. As homeowners want to improve their outdoor spaces, the rise in house development drives the growth of the wooden decking market.
High maintenance may impede the expansion of the wooden decking market. Wooden decks require regular maintenance, such as sealing, staining, and protecting against moisture and pests, which can be time-consuming and expensive for homeowners. This need for frequent maintenance may prevent consumers from choosing wood in favor of low-maintenance alternatives such as composite or PVC decking, hence limiting market growth.
Competition from alternative materials may impede the growth of the wooden decking market. Compared to wood, materials such as composite and PVC decking require less maintenance, are more durable, and have longer lifespans. These advantages make them appealing to consumers seeking cost-effective, hassle-free alternatives, potentially reducing demand for traditional wooden decking and slowing market growth.
Pressure-treated wood remains the dominant segment in the wooden decking market. The pressure-treated wood segment of the wooden decking market is driven by affordability. Pressure-treated wood is much less expensive than alternative decking materials such as composite or hardwood, making it an appealing choice for budget-conscious homeowners. Its durability and resistance to decay make it a superb value for the price, driving up demand for residential and commercial decking projects.
The pressure-treated wood segment of the wooden decking market is driven by the need for durability in a variety of outdoor environments. Pressure-treated wood is chemically treated to withstand moisture, insects, and decay, making it ideal for outdoor use. Its resistance to extreme weather conditions and longer lifespan than untreated wood make it a popular choice for decking, driving demand among homeowners and builders.
The floor segment is experiencing rapid growth for wooden decking. The traditional use of the floor segment drives the wooden decking market. Wooden decking has long been a popular choice for outdoor flooring due to its natural look, adaptability, and familiarity in both home and business settings. Its continuous use in patios, gardens, and poolside areas keeps demand high, as homeowners and builders favor wood for its classic charm and functional benefits, which drives market growth.
The visual attractiveness of the floor segment drives the wooden decking market. Wooden decking has a natural, timeless elegance that complements outdoor settings, making it a favorite choice among homeowners and designers. Its warmth, texture, and ability to match diverse architectural types drive demand, as many people strive to improve the visual attractiveness of their outdoor spaces, resulting in growth in the wooden decking market.
North America remains the dominant region in the wooden decking market. The developed construction industry will propel the wooden decking market in North America. With the US Bureau of Labor Statistics anticipating a 4% rise in construction employment from 2022 to 2032, generating around 249,000 new jobs, the industry is well positioned to accommodate more decking installations. The North American Deck and Railing Association (NADRA) estimates over 60 million residential and 10 million commercial decks in the US, with 30 million being more than 20 years old, indicating a substantial market for replacements. According to a 2024 National Association of Home Builders (NAHB) poll, 85% of homebuyers consider outdoor decks "essential" or "desirable," which reinforces the demand for wooden decking in both new constructions and repairs.
The availability of several wood species will propel the wooden decking market in North America. According to the USDA Forest Service, the US has around 823 million acres of forest land, which provides a consistent supply of acceptable timber species like pressure-treated pine, cedar, and redwood, as well as a growing interest in tropical hardwoods. According to the American Wood Council's 2024 poll, 68% of homeowners prefer wood decking over synthetic ones due to its natural aesthetics and variety. Demand for sustainable wood species is predicted to rise by 25% over the next five years, driven by consumers' growing environmental consciousness.
The Asia-Pacific region is experiencing the fastest growth in the wooden decking market. Economic growth will drive the Asia-Pacific wooden decking market. The Asian Development Bank (ADB) forecasts GDP growth of 4.8% in 2024 and 4.5% in 2025, resulting in greater construction and refurbishment activity. The United Nations Economic and Social Commission for Asia and the Pacific (ESCAP) predicts that the construction industry will increase at a CAGR of 6.5% from 2023 to 2028, reaching $3.8 trillion by 2028. In India, metropolitan areas are expected to account for 70% of GDP by 2030, showing the enormous potential for residential and commercial wooden decking installations.
Government initiatives will drive Asia Pacific's wooden decking market. 42 of 49 countries have national policies in place to promote green construction utilizing timber materials, indicating strong support for sustainable building techniques. The International Energy Agency (IEA) estimated a 15% rise in the use of sustainable wood products in building between 2020 and 2023. China's goal of having prefabricated structures with wooden components account for 30% of new construction by 2025 might drive up wooden decking demand by 22%. Similarly, Japan expects a 50% increase in wood use in public buildings by 2025, while Australia's "Wood Encouragement Policy" is predicted to increase demand for wooden decking in public places by 35% between 2024 and 2029.
The wooden decking market is a dynamic and competitive space, characterized by a diverse range of players vying for market share. These players are on the run for solidifying their presence through the adoption of strategic plans such as collaborations, mergers, acquisitions, and political support.
The organizations are focusing on innovating their product line to serve the vast population in diverse regions. Some of the prominent players operating in the wooden decking market include: