Wood Decking Market Size, Share, Growth, Trends, and Global Industry Analysis: By Type (Pressure-treated Wood, Red Wood, Tropical Hardwood, Cedar, Wood-Plastic Composites (WPC) and Other Types), By Application (Railing, Floor, Wall and Other), By End-user Industry (Residential and Non-residential) and Region Forecat 2019-2030

Wood Decking Market size was valued at US$ 7,891.2 million in 2023 and is projected to reach a value of US$ 9,639.4 million by 2030, at a CAGR of 2.9% from 2024-2030. Moreover, the U.S. Wood Decking market is projected to grow significantly, reaching an estimated value of US$ 4,317.4 million by 2032.

Wood decking is the use of wood to create flat surfaces for outdoor areas, such as patios, gardens, and swimming pools. It is beautiful in its natural form, versatile, and durable. The market for wood decking is growing quite promisingly at present. The growth is fueled by an increasing demand for outdoor living spaces and home improvement projects. The residential sector accounts for the largest share of this market as homeowners are investing in decks and patios. Other significant drivers include advances in wood treatment technologies and the preference for more eco-friendly materials.

Key players

The Wood Decking market share is inclusive of several companies such as Trex Company, Inc, The AZEK Company LLC, Fiberon, Metsa Wood and DuraLife Decking and Railing Systems.

Key Takeaways 

•    The fastest-growing region is Asia-Pacific
•    Based on type, the pressure-treated wood segment holds the 29.3% market share
•    Based on application, the floor segment holds the 39.2% market share
•    Based on the end-use industry, the residential segment holds the 58.3% market share

Facts & Figures

•   Almost 90 per cent of wood decking material used in North America is made of pressure-treated wood, which can be abundantly found at homes and business investments.
•   North America accounted for nearly 42.3% of global wood decking production, driven largely by the strong housing market and outdoor living trends in the U.S.
•   More than 45 million cubic meters of wood have been used worldwide as timber decking, most predominantly treated pine and cedar.
•   According to recent reports, U.S. homeowners prefer wood to composite materials in outdoor deck projects due to its natural aesthetic. 

Key Developments

•  2024: Fiberon, a prominent wood decking manufacturer, launched a new line of eco-friendly composite decking made from recycled materials.
•  2023: Metsä Group and SRV, a Finnish construction company, signed an agreement to establish a new Kerto LVL mill in Äänekoski, Finland.
•  2022: TimberTech, a leading manufacturer of composite decking, was acquired by Azek Company Inc., expanding Azek's product offerings and market reach.
•  2021: Trex Company, Inc. merged with Columbia Forest Products, creating a larger entity focused on sustainable wood decking solutions.

Wood Decking Market Segmentation

By Type: Pressure-treated Wood accounted for the highest market share in the market primarily due to its durability, resistance to decay, and cost-effectiveness compared to other forms of wood decking. It is treated with preservatives to extend its lifespan and is most often used for outdoor decking projects. In addition to being resistant to extreme weather conditions and certain pests, affordability contributes to the fact that many householders and contractors would prefer working with this material.

By Application: Floor dominates the market because wood decking is mostly utilized to create outdoor living areas, such as decks, patios, and balconies. The requirement for aesthetic and functional outdoor flooring drives the market for wood decking boards. People are also investing in improving their outdoor spaces, which further accelerates the demand for wood decking in flooring applications.

By End User: The residential segment dominated the market. The demand for outdoor living spaces, such as decks, patios, and balconies, is increasing among homeowners to make their homes look aesthetic and functional. Natural and durable outdoor flooring solutions fuelled demand for wood decking in residential applications, and home improvement and remodelling projects added to the growth of the residential segment.