US Wood & Competitive Decking Market Report - Growing Preference for Durable Non-wood Decking Alternatives and Burgeoning Wood-Plastic Composite Materials Segment

DUBLIN, Jan. 10, 2024 /PRNewswire/ -- The "US Wood & Competitive Decking Market Report" report has been added to  ResearchAndMarkets.com's offering.

The latest comprehensive analysis of the US Wood and Competitive Decking Market reveals a landscape of moderated demand, predicting a steady forecast towards 2027.

Despite an overall plateau in market growth, notable trends emerge, particularly the escalating preference for durable non-wood decking alternatives and the burgeoning segment of wood-plastic composite materials.

Key Takeaways from the Analysis:

• The demand for decking is projected to remain at 3.8 billion lineal feet, with the market value enduring impacts from decelerating residential improvement undertakings and a shift in material preferences.
• Commercial and nonbuilding markets exhibit potential for growth, driven by the recovery in the hospitality sector and the public's heightened interest in outdoor recreation spaces.
• Advancements in wood-plastic composite decking are capturing significant interest due to their longevity and wood-like aesthetics, influencing shifts away from traditional pressure-treated wood.

An insight into the Residential Decking Sector discloses a nuanced picture:

Trends and Drivers in Residential Decking

• Stabilization in wood decking prices post extraordinary hikes during the 2020-2021 period.
• The significant inventory of decks installed during the pandemic likely deferring immediate replacement demands.
• Growing consumer inclination towards expansive outdoor living spaces sustaining the market.

Commercial and Nonbuilding Decking Outlook:

The commercial market, spanning hospitality to entertainment venues, is poised for a surge in decking needs as postponed renovations during the pandemic come to the forefront. Public sector design trends focusing on social gathering spots amplify the need for decking solutions in parks and recreational areas, creating a resilient nonbuilding market segment.

Professional vs. DIY Installations: Market Dynamics

Professional installations overwhelmingly dominate, with non-residential projects overwhelmingly relying on skilled installers due to complexities and strict regulations. A noteworthy trend, the DIY segment saw a spike during the peak pandemic years, with expectations for a reversion to pre-pandemic norms.

Pricing Trajectories and Inflation:

Analyzing the pricing strategies, the report recognizes various determinants from raw material costs to design sophistications affecting prices industry-wide. Notable is the decline in average decking prices anticipated by 2027, as lumber shortages alleviate and supply chains stabilize.

The insights offered by this market evaluation provide a clear understanding of the intricate variables influencing the decking industry's course. It benchmarks the current state of the market while highlighting emergent opportunities and trends shaping the future of decking in the US.

Key Topics Covered:

1. Executive Summary

2. Short-Term Analysis

• Economic Forecast
• Short-Term Construction Outlook
• Decking Industry Short-Term Analysis

3. Overview

• Historical Market Trends
• Decking Board vs. Railing & Accessory Trends
• Demand by Function
• Decking Boards
• Railings & Accessories
• Markets Overview
• Materials Trends
• Volume Demand (Lineal Feet)
• Market Value
• Installation Trends (Professional vs. DIY)
• Decking Substructure Market Outlook
• Pricing & Inflation
• Foreign Trade & Tariffs

4. Factors Impacting Decking Demand

• Construction Industry Outlook
• Lifecycle Costs
• Decking Installation & Labor Shortages
• Building Codes
• Sustainability Initiatives
• Timber Harvesting & Forest Management
• Recycling & Use of Recycled Content
• Regulation of Wood Preservatives
• Style Trends & Aesthetics

5. Wood Decking

• Demand Outlook: Real Growth & Market Value
• Types of Wood
• Demand by Wood Type
• Pressure-Treated Wood
• Redwood
• Cedar
• Tropical Hardwood & Other Wood Types
• New Build vs. Renovation

6. Composite Decking (Wood-Plastic)

• Demand Outlook: Real Growth & Market Value
• Demand by Plastic Type
• New Build vs. Renovation
• Demand by Surface Treatment

7. Plastic, Metal, & Other Decking

• Plastic Decking
• Scope & Product Description
• Demand Outlook: Real Growth & Market Value
• Demand by Plastic Type
• Vinyl
• Vinyl Decking by Function
• Vinyl Decking by Type
• Polyethylene
• Other Plastics (Polypropylene & Other Plastics)
• New Build vs. Renovation
• Metal & Other Decking Materials
• Scope & Product Description
• Demand Outlook: Real Growth & Market Value
• New Build vs. Renovation

8. Residential Decking Market

• Applications
• Demand by Application
• New Construction
• Renovation
• Housing Types
• Demand by Housing Type
• Single-Family Housing
• Multifamily Housing
• Manufactured Housing

9. Commercial Decking Market

10. Nonbuilding (Waterfront & Amusement)

11. Regions

12. Industry Structure

• Key Findings & Industry Composition
• Market Share
• Mergers & Acquisitions
• New Product Development
• Marketing
• Distribution
• List of Industry Participants

For more information about this report visit https://www.researchandmarkets.com/r/ed0l81

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SOURCE Research and Markets