The wood deck market is expected to record a CAGR of over 4% over the forecast period. The main factors driving the research market are the increasing remodeling and renovation activities and the demand for luxurious infrastructure in developed countries.
The replacement by composite deck is expected to hinder the growth of the research market.
The wood deck market is expected to show high growth due to increased urbanization, large investments in infrastructure and industrial sectors, and increased construction activity in emerging economies. The repair and remodeling segment is expected to occupy the largest market share from 2016 to 2021 and dominate the wood deck market. New decks in new homes play a key role in transforming the timber deck landscape and are expected to grow at the second highest rate. During the forecast period.
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Wooden Decking Market Segmentation
By Type
• Pressure treated wood
• Redwood
• Cedar
• Tropical hardwood
By Application
• Railing
• Walls
• Floors
• Others
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