Wooden decks are flat surfaces that are able to provide support and withstand weight. These are used widely in luxury homes for generally outdoor applications such as construction of floors, rails across gardens. Globally the demand of luxury homes is on rise due to rise in per capita income, changing consumer aspirations and lifestyles. High disposable income enables citizens to spend their money on various amenities, to reflect lavish lifestyles. Moreover, in developed economies the wooden decking market size is expected to show substantial growth as the demand for luxury house will propel due to their ability to provide higher return on investment as these are one of the best performing assets in terms of value and will yield after a period of time. Availability of substitutes such as composite decking solutions which are easy to install and durable, coupled with high maintenance requirements for wooden decks is likely to hinder the market growth rate in near future.
Request for table of content of this Report @ https://www.gminsights.com/request-toc/upcoming/3771
Wooden Decking Market size is majorly driven by increasing demand for luxurious homes in developing nations coupled with rising refurbishment and remodeling activities over the forecast timeframe. In the repercussion of 2009 economic recession, many homeowners were unwilling to invest in the repairing, refurbishment and decking projects due to persisting uncertainty. However, improving housing prices in most of the developed nations have invoked confidence in buyers across the globe. According to the IMF, in some countries the housing prices are increasing faster than the rent prices which is a good indication for the growth of global residential sector. All these factors together will drive product market in positive direction.
Global Market Insights Inc. announces an ongoing comprehensive report on the “Wooden Decking Market Size, Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Italy, Spain, Russia, China, India, Japan, Australia, South Korea, Brazil, Mexico, South Africa, Saudi Arabia, UAE, Kuwait), Growth Potential, Competitive Market Share & Forecast, 2019 – 2025”. This report provides an exhaustive account of the industry including:
• Wooden decking market size, historical from 2014 to 2018 and annual forecast from 2019 to 2025
• Major wooden decking industry trends, technology evolution, economic indicators and business challenges
• Regulatory and geopolitical trends impacting the industry
• Business drivers and pitfalls impacting key regional markets
• Competitive landscape of the industry and detailed profiles on the major companies
Inquiry Before Buying This Report @ https://www.gminsights.com/inquiry-before-buying/3771
On the basis of application, the wooden decking market size is segmented into railings, walls, floors and others. The others segment includes structures like pergolas, planters, etc. The product is used in all these applications to enhance the aesthetics of the houses. On the basis of end use sector, the market is segmented into residential and non-residential. Among these residential sectors is expected to hold the major share due presence of large number of residential building stock all across the globe. The non-residential includes all the commercial, institutional buildings where wooden decks are used for providing lavish and appealing look. Also, wooden decks are majorly used in row houses/single family houses rather than apartments.
On the basis of region, Europe is expected to hold the significant share in wooden decking market. In European Union residential stock is the biggest segment constituting around 75% of the total building stock. Of this residential stock, around 64% are row houses/single family houses. Countries such as UK, Ireland, Norway, Netherlands have more than 80% of single-family houses, and with recovery in residential sector due to rise in real estate prices the demand for wooden deck is also expected to show a positive growth rate over forecast timespan in region. Besides countries such as China, Brazil and Mexico will also show a decent growth due to increasing refurbishment and remodeling activities.
Browse Report Summery @ https://www.gminsights.com/industry-analysis/wooden-decking-market
Some of the prominent players in wooden decking market are Sundek Interio, United Construction Products, AZEK Building Products, Metsa Wood, Humboldt Redwood Company, DuraLife, Kebony, Universal Forest Products, Deck Solutions, Koppers, Trex Company, Alfresco Floors, Thermory AS, etc.
About Global Market Insights:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
Corporate Sales, USA
Global Market Insights, Inc.
Toll Free: 1-888-689-0688