Decking Market Research Report 2024

1. Downloaded from: justpaste.it/6xc6f Decking Market Latest Research Report and Application 2024 The decking market size has the potential to grow by USD 4.89 billion during 2020-2024, and the market’s growth momentum will accelerate during the forecast period. Know More: https://www.technavio.com/talk-to-us?report=IRTNTR44129&type=sample&src=report This report provides a detailed analysis of the market by product (composite, wood, plastic, and aluminum), application (residential and non-residential), and geography (North America, Europe, APAC, South America, and MEA). Also, the report analyzes the market’s competitive landscape and offers information on several market vendors, including Advantage Trim & Lumber Co., Beologic, CRH Plc, Fiberon, The AZEK Co. LLC, Trex Co. Inc., Universal Forest Products Inc., UPM-Kymmene Corp., West Fraser Timber Co. Ltd., and Weyerhaeuser Company. Market Competitive Analysis The market is fragmented. Several regional and local vendors have started manufacturing customized composite decking and are competing with the key vendors based on cost. Hence, the key vendors are constantly expanding their footprint in developing countries and providing aftersales services and customized products to differentiate themselves. Advantage Trim & Lumber Co., Beologic, and CRH Plc are some of the major market participants. Although the changing lifestyles and increasing use of outdoor living spaces will offer immense growth opportunities, the availability of alternatives will challenge the growth of the market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments. To help clients improve their market position, this decking market forecast report provides a detailed analysis of the market leaders and offers information on the competencies and capacities of these companies. The report also covers details on the market’s competitive landscape and offers information on the products offered by various companies. Moreover, this decking market analysis report also provides information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make the most of future growth opportunities. Decking Market: Key Drivers and Trends The continuously changing lifestyles and increasing use of outdoor living spaces is identified as one of the major factors driving the global decking market growth. Decking is used for extending residences and landscape gardens due to its aesthetic appeal. Also, it is used in non-residential applications such as hotel terraces, boardwalks, balconies, leisure centers, patios, and theme parks for using open spaces effectively. With rapid urbanization and the increasing per capita income, there is a rise in the construction of new residences in countries. As a result, the rapid growth in the construction industry will lead the decking market growth. The rising adoption of prefabricated construction solutions is one of the major global decking market trends gaining

2. traction. Prefabricated structures are being adopted across the world as they are more economical and help in saving time during construction. Quality and design standards are the critical areas of focus for prefabricated construction, which mitigate the challenges associated with constructing site-built homes. Since decking forms a significant part of prefabricated construction, the growing adoption of prefabricated construction solutions will drive the decking market growth at a CAGR of almost 6% during the forecast period. Decking Market: Key Highlights of the Report for 2020-2024 CAGR of the market during the forecast period 2020-2024 Detailed information on factors that will drive decking market growth during the next five years Precise estimation of the decking market size and its contribution to the parent market Accurate predictions on upcoming trends and changes in consumer behavior The growth of the decking industry across North America, Europe, APAC, South America, and MEA A thorough analysis of the market’s competitive landscape and detailed information on vendors Comprehensive details of factors that will challenge the growth of decking market vendors