Composite Decking Market Size to Grow by USD 2275.99 Million From 2022 to 2027, Assessment on Parent Market, Five Forces Analysis, Market Dynamics & Segmentation - Technavio

NEW YORK, Nov. 15, 2022 /PRNewswire/ -- The Global Composite Decking Market share is set to increase by USD 2275.99 million from 2022 to 2027. Moreover, the market's growth momentum will accelerate at a CAGR of 14.1% as per the latest market forecast report by Technavio. The market will also record a 10.69% Y-O-Y growth rate during the forecast period. To know more about the historic market size– Request a Free Sample Report!

Global Composite Decking Market - Parent Market Analysis

Technavio categorizes the global composite decking market as a part of the global building products market, covering companies engaged in the production of building components such as windows and doors, ceiling and wall fixtures, flooring, roofing and gutter materials, cabinets, plumbing fixtures, insulation materials, and home improvement products and equipment. Technavio calculates the global building products market size based on combined revenue generated by manufacturers of building and home improvement products and equipment. 

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Global Composite Decking Market Characteristics with Five Forces–

The Global Composite Decking Market is fragmented, and the five forces analysis by Technavio gives an accurate vision –

• Bargaining Power of Buyers
• The threat of New Entrants
• Threat of Rivalry
• Bargaining Power of Suppliers
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Global Composite Decking Market – Customer Landscape  

• The disruption threats are strategic in nature, and operational risks for suppliers have been mapped based on their negative business impact and probability of occurrence. 
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Global Composite Decking Market - Segmentation Assessment

Geography Segment Overview

Technavio's market research report entails detailed information on regional opportunities in store for vendors, which will assist in generating sales revenues. The Global Composite Decking Market as per geography is categorized into North America, Europe, APAC, South America, and the Middle East and Africa. The report provides an accurate prediction of the contribution of all regions to the growth of the Global Composite Decking Market size and actionable market understandings.

Regional Highlights

• North America is the fastest-growing region in the global composite decking market compared to other regions. 32% of the growth will originate from North America. Most homes in North America have exterior decks. The demand for composite decking is increasing among homeowners who prefer to have personal outdoor spaces. Customers are investing in renovation and home improvement services. These factors are expected to drive the demand for composite decks during the forecast period. The US, Canada, and Mexico are major countries for the composite decking market in North America.

Type Segment Overview

• The Global Composite Decking Market as per application segmentation is categorized into Residential and Non-residential.
• Revenue Generating Segment - The composite decking market share growth by the residential segment will be significant during the forecast period. The rise in residential construction activities in Europe, the US, and APAC is expected to drive the growth of this segment during the forecast period. The growing disposable incomes of people and rapid urbanization in countries in APAC, such as India, China, Malaysia, and Indonesia, are leading to the need for constructing new residences and public infrastructure. Hence, governments of several countries have implemented such initiatives, which is anticipated to increase the volume of residential construction and drive the growth of the segment during the forecast period.

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Global Composite Decking Market – Market Dynamics

Major Driver Boosting the Market

• The revival of the construction industry is driving the global composite decking market growth.
• Rapid urbanization and rising per capita income in countries such as China, India, and Indonesia have increased the demand for new residential housing in APAC.
• Several countries in APAC and the Middle East are expected to improve opportunities for growth during the forecast period. Such construction activities are expected to drive the demand for composite decking, which, in turn, will fuel the growth of the market during the forecast period.

Major trends influencing the growth of the market

• The rising adoption of prefabricated construction solutions is a key trend that will fuel the global composite decking market growth.
• Prefabricated structures are becoming popular due to their low cost and time-saving features.
• Many newly designed prefabricated buildings are considered better than conventional residences in several aspects. The decking used in prefabricated construction allows the partial customization of design and specifications prior to delivery.
• Therefore, the rising adoption of prefabricated construction solutions is anticipated to support the growth of the global composite decking market during the forecast period. 

Major Challenges interrupting the market growth

• The availability of substitutes is challenging the global composite decking market growth.
• Alternatives such as tile and fiber cement decking can be used interchangeably to decorate the exterior of residences. Tiles can provide an aesthetic appearance, and cement offers high resistance to heat and moisture.
• The wide availability and low cost of these substitutes are increasing their demand, which can reduce the demand for composite decking.
• Modified wood is the most suitable available decking material for homes. Developments in modified wood and the need for limited maintenance will increase the demand for such alternatives during the forecast period, which will affect the growth of the global composite decking market negatively during the forecast period.

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Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio's in-depth research has direct and indirect COVID-19-impacted market research reports.

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Composite Decking Market 2023-2027: Key Highlights

• CAGR of the market during the forecast period 2023-2027
• Detailed information on factors that will assist composite decking market growth during the next five years
• Estimation of the composite decking market size and its contribution to the parent market
• Predictions on upcoming trends and changes in consumer behavior
• The growth of the composite decking market
• Analysis of the market's competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of composite decking market vendors

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Table of Contents

1 Executive Summary

• 1.1 Market overview 
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Application
• Exhibit 06: Executive Summary – Chart on Market Segmentation by Resin Type
• Exhibit 07: Executive Summary – Chart on Incremental Growth
• Exhibit 08: Executive Summary – Data Table on Incremental Growth
• Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem 
• Exhibit 10: Parent market
• Exhibit 11: Market Characteristics

3 Market Sizing

• 3.1 Market definition 
• Exhibit 12: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 13: Market segments

• 3.3 Market size 2022

• 3.4 Market outlook: Forecast for 2022-2027 
• Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
• Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

• 4.1 Global composite decking market 2017 - 2021
• Exhibit 18: Historic Market Size – Data Table on Global composite decking market 2017 - 2021 ($ million)

• 4.2 Application Segment Analysis 2017 - 2021
• Exhibit 19: Historic Market Size – Application Segment 2017 - 2021 ($ million)

• 4.3 Resin type Segment Analysis 2017 - 2021
• Exhibit 20: Historic Market Size – Resin type Segment 2017 - 2021 ($ million)

• 4.4 Geography Segment Analysis 2017 - 2021 
• Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)

• 4.5 Country Segment Analysis 2017 - 2021 
• Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)

5 Five Forces Analysis

• 5.1 Five forces summary 
• Exhibit 23: Five forces analysis - Comparison between2022 and 2027

• 5.2 Bargaining power of buyers 
• Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

• 5.3 Bargaining power of suppliers 
• Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

• 5.4 Threat of new entrants 
• Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027

• 5.5 Threat of substitutes 
• Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027

• 5.6 Threat of rivalry 
• Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027

• 5.7 Market condition 
• Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by Application

• 6.1 Market segments 
• Exhibit 30: Chart on Application - Market share 2022-2027 (%)
• Exhibit 31: Data Table on Application - Market share 2022-2027 (%)

• 6.2 Comparison by Application 
• Exhibit 32: Chart on Comparison by Application
• Exhibit 33: Data Table on Comparison by Application

• 6.3 Residential - Market size and forecast 2022-2027
• Exhibit 34: Chart on Residential - Market size and forecast 2022-2027 ($ million)
• Exhibit 35: Data Table on Residential - Market size and forecast 2022-2027 ($ million)
• Exhibit 36: Chart on Residential - Year-over-year growth 2022-2027 (%)
• Exhibit 37: Data Table on Residential - Year-over-year growth 2022-2027 (%)

• 6.4 Non-residential - Market size and forecast 2022-2027
• Exhibit 38: Chart on Non-residential - Market size and forecast 2022-2027 ($ million)
• Exhibit 39: Data Table on Non-residential - Market size and forecast 2022-2027 ($ million)
• Exhibit 40: Chart on Non-residential - Year-over-year growth 2022-2027 (%)
• Exhibit 41: Data Table on Non-residential - Year-over-year growth 2022-2027 (%)

• 6.5 Market opportunity by Application 
• Exhibit 42: Market opportunity by Application ($ million)

7 Market Segmentation by Resin Type

• 7.1 Market segments 
• Exhibit 43: Chart on Resin Type - Market share 2022-2027 (%)
• Exhibit 44: Data Table on Resin Type - Market share 2022-2027 (%)

• 7.2 Comparison by Resin Type 
• Exhibit 45: Chart on Comparison by Resin Type
• Exhibit 46: Data Table on Comparison by Resin Type

• 7.3 Polyethylene - Market size and forecast 2022-2027
• Exhibit 47: Chart on Polyethylene - Market size and forecast 2022-2027 ($ million)
• Exhibit 48: Data Table on Polyethylene - Market size and forecast 2022-2027 ($ million)
• Exhibit 49: Chart on Polyethylene - Year-over-year growth 2022-2027 (%)
• Exhibit 50: Data Table on Polyethylene - Year-over-year growth 2022-2027 (%)

• 7.4 Polypropylene - Market size and forecast 2022-2027
• Exhibit 51: Chart on Polypropylene - Market size and forecast 2022-2027 ($ million)
• Exhibit 52: Data Table on Polypropylene - Market size and forecast 2022-2027 ($ million)
• Exhibit 53: Chart on Polypropylene - Year-over-year growth 2022-2027 (%)
• Exhibit 54: Data Table on Polypropylene - Year-over-year growth 2022-2027 (%)

• 7.5 Polyvinyl chloride - Market size and forecast 2022-2027
• Exhibit 55: Chart on Polyvinyl chloride - Market size and forecast 2022-2027 ($ million)
• Exhibit 56: Data Table on Polyvinyl chloride - Market size and forecast 2022-2027 ($ million)
• Exhibit 57: Chart on Polyvinyl chloride - Year-over-year growth 2022-2027 (%)
• Exhibit 58: Data Table on Polyvinyl chloride - Year-over-year growth 2022-2027 (%)

• 7.6 Others - Market size and forecast 2022-2027
• Exhibit 59: Chart on Others - Market size and forecast 2022-2027 ($ million)
• Exhibit 60: Data Table on Others - Market size and forecast 2022-2027 ($ million)
• Exhibit 61: Chart on Others - Year-over-year growth 2022-2027 (%)
• Exhibit 62: Data Table on Others - Year-over-year growth 2022-2027 (%)

• 7.7 Market opportunity by Resin Type 
• Exhibit 63: Market opportunity by Resin Type ($ million)

8 Customer Landscape

• 8.1 Customer landscape overview 
• Exhibit 64: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

• 9.1 Geographic segmentation 
• Exhibit 65: Chart on Market share by geography 2022-2027 (%)
• Exhibit 66: Data Table on Market share by geography 2022-2027 (%)

• 9.2 Geographic comparison 
• Exhibit 67: Chart on Geographic comparison
• Exhibit 68: Data Table on Geographic comparison

• 9.3 North America - Market size and forecast 2022-2027
• Exhibit 69: Chart on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 70: Data Table on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 71: Chart on North America - Year-over-year growth 2022-2027 (%)
• Exhibit 72: Data Table on North America - Year-over-year growth 2022-2027 (%)

• 9.4 Europe - Market size and forecast 2022-2027 
• Exhibit 73: Chart on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 74: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 75: Chart on Europe - Year-over-year growth 2022-2027 (%)
• Exhibit 76: Data Table on Europe - Year-over-year growth 2022-2027 (%)

• 9.5 APAC - Market size and forecast 2022-2027
• Exhibit 77: Chart on APAC - Market size and forecast 2022-2027 ($ million)
• Exhibit 78: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
• Exhibit 79: Chart on APAC - Year-over-year growth 2022-2027 (%)
• Exhibit 80: Data Table on APAC - Year-over-year growth 2022-2027 (%)

• 9.6 South America - Market size and forecast 2022-2027
• Exhibit 81: Chart on South America - Market size and forecast 2022-2027 ($ million)
• Exhibit 82: Data Table on South America - Market size and forecast 2022-2027 ($ million)
• Exhibit 83: Chart on South America - Year-over-year growth 2022-2027 (%)
• Exhibit 84: Data Table on South America - Year-over-year growth 2022-2027 (%)

• 9.7 Middle East and Africa - Market size and forecast 2022-2027 
• Exhibit 85: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
• Exhibit 86: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
• Exhibit 87: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
• Exhibit 88: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)

• 9.8 US - Market size and forecast 2022-2027
• Exhibit 89: Chart on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 90: Data Table on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 91: Chart on US - Year-over-year growth 2022-2027 (%)
• Exhibit 92: Data Table on US - Year-over-year growth 2022-2027 (%)

• 9.9 China - Market size and forecast 2022-2027
• Exhibit 93: Chart on China - Market size and forecast 2022-2027 ($ million)
• Exhibit 94: Data Table on China - Market size and forecast 2022-2027 ($ million)
• Exhibit 95: Chart on China - Year-over-year growth 2022-2027 (%)
• Exhibit 96: Data Table on China - Year-over-year growth 2022-2027 (%)

• 9.10 Canada - Market size and forecast 2022-2027
• Exhibit 97: Chart on Canada - Market size and forecast 2022-2027 ($ million)
• Exhibit 98: Data Table on Canada - Market size and forecast 2022-2027 ($ million)
• Exhibit 99: Chart on Canada - Year-over-year growth 2022-2027 (%)
• Exhibit 100: Data Table on Canada - Year-over-year growth 2022-2027 (%)

• 9.11 India - Market size and forecast 2022-2027
• Exhibit 101: Chart on India - Market size and forecast 2022-2027 ($ million)
• Exhibit 102: Data Table on India - Market size and forecast 2022-2027 ($ million)
• Exhibit 103: Chart on India - Year-over-year growth 2022-2027 (%)
• Exhibit 104: Data Table on India - Year-over-year growth 2022-2027 (%)

• 9.12 Australia - Market size and forecast 2022-2027
• Exhibit 105: Chart on Australia - Market size and forecast 2022-2027 ($ million)
• Exhibit 106: Data Table on Australia - Market size and forecast 2022-2027 ($ million)
• Exhibit 107: Chart on Australia - Year-over-year growth 2022-2027 (%)
• Exhibit 108: Data Table on Australia - Year-over-year growth 2022-2027 (%)

• 9.13 Market opportunity by geography 
• Exhibit 109: Market opportunity by geography ($ million)

10 Drivers, Challenges, and Trends

• 10.1 Market drivers

• 10.2 Market challenges

• 10.3 Impact of drivers and challenges 
• Exhibit 110: Impact of drivers and challenges in 2022 and 2027

• 10.4 Market trends

11 Vendor Landscape

• 11.1 Overview

• 11.2 Vendor landscape 
• Exhibit 111: Overview on Criticality of inputs and Factors of differentiation

• 11.3 Landscape disruption 
• Exhibit 112: Overview on factors of disruption

• 11.4 Industry risks 
• Exhibit 113: Impact of key risks on business

12 Vendor Analysis

• 12.1 Vendors covered 
• Exhibit 114: Vendors covered

• 12.2 Market positioning of vendors 
• Exhibit 115: Matrix on vendor position and classification

• 12.3 APR Composites 
• Exhibit 116: APR Composites - Overview
• Exhibit 117: APR Composites - Product / Service
• Exhibit 118: APR Composites - Key offerings

• 12.4 Buyrite Enterprises Ltd. 
• Exhibit 119: Buyrite Enterprises Ltd. - Overview
• Exhibit 120: Buyrite Enterprises Ltd. - Product / Service
• Exhibit 121: Buyrite Enterprises Ltd. - Key offerings

• 12.5 CertainTeed 
• Exhibit 122: CertainTeed - Overview
• Exhibit 123: CertainTeed - Product / Service
• Exhibit 124: CertainTeed - Key offerings

• 12.6 DuraLife Decking and Railing Systems 
• Exhibit 125: DuraLife Decking and Railing Systems - Overview
• Exhibit 126: DuraLife Decking and Railing Systems - Product / Service
• Exhibit 127: DuraLife Decking and Railing Systems - Key offerings

• 12.7 Fiberon 
• Exhibit 128: Fiberon - Overview
• Exhibit 129: Fiberon - Product / Service
• Exhibit 130: Fiberon - Key offerings

• 12.8 Fortress Iron LP 
• Exhibit 131: Fortress Iron LP - Overview
• Exhibit 132: Fortress Iron LP - Product / Service
• Exhibit 133: Fortress Iron LP - Key offerings

• 12.9 Genova Products 
• Exhibit 134: Genova Products - Overview
• Exhibit 135: Genova Products - Product / Service
• Exhibit 136: Genova Products - Key offerings

• 12.10 Green Bay Decking 
• Exhibit 137: Green Bay Decking - Overview
• Exhibit 138: Green Bay Decking - Product / Service
• Exhibit 139: Green Bay Decking - Key offerings

• 12.11 NewTechWood America Inc. 
• Exhibit 140: NewTechWood America Inc. - Overview
• Exhibit 141: NewTechWood America Inc. - Product / Service
• Exhibit 142: NewTechWood America Inc. - Key offerings

• 12.12 Shanghai Seven Trust Industry Co. Ltd.
• Exhibit 143: Shanghai Seven Trust Industry Co. Ltd. - Overview
• Exhibit 144: Shanghai Seven Trust Industry Co. Ltd. - Product / Service
• Exhibit 145: Shanghai Seven Trust Industry Co. Ltd. - Key offerings

• 12.13 TAMKO Building Products LLC 
• Exhibit 146: TAMKO Building Products LLC - Overview
• Exhibit 147: TAMKO Building Products LLC - Product / Service
• Exhibit 148: TAMKO Building Products LLC - Key offerings

• 12.14 The AZEK Co. Inc. 
• Exhibit 149: The AZEK Co. Inc. - Overview
• Exhibit 150: The AZEK Co. Inc. - Business segments
• Exhibit 151: The AZEK Co. Inc. - Key offerings
• Exhibit 152: The AZEK Co. Inc. - Segment focus

• 12.15 Trex Co. Inc. 
• Exhibit 153: Trex Co. Inc. - Overview
• Exhibit 154: Trex Co. Inc. - Business segments
• Exhibit 155: Trex Co. Inc. - Key offerings
• Exhibit 156: Trex Co. Inc. - Segment focus

• 12.16 UFP Industries Inc. 
• Exhibit 157: UFP Industries Inc. - Overview
• Exhibit 158: UFP Industries Inc. - Business segments
• Exhibit 159: UFP Industries Inc. - Key offerings
• Exhibit 160: UFP Industries Inc. - Segment focus

• 12.17 UPM Kymmene Corp. 
• Exhibit 161: UPM Kymmene Corp. - Overview
• Exhibit 162: UPM Kymmene Corp. - Business segments
• Exhibit 163: UPM Kymmene Corp. - Key news
• Exhibit 164: UPM Kymmene Corp. - Key offerings
• Exhibit 165: UPM Kymmene Corp. - Segment focus

13 Appendix

• 13.1 Scope of the report

• 13.2 Inclusions and exclusions checklist 
• Exhibit 166: Inclusions checklist
• Exhibit 167: Exclusions checklist

• 13.3 Currency conversion rates for US$ 
• Exhibit 168: Currency conversion rates for US$

• 13.4 Research methodology 
• Exhibit 169: Research methodology
• Exhibit 170: Validation techniques employed for market sizing
• Exhibit 171: Information sources

• 13.5 List of abbreviations 
• Exhibit 172: List of abbreviations

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