Wooden Decking Market - By Wood Type (Pressure treated Wood, Redwood, Cedar, Tropical Hardwood, Wood-plastic Composites, Others), By Category (Indoor, Outdoor), By Application (Railing, Floor, Wall, Others), By End User (Residential, Commercial), By Distribution Channel (Online, Offline), Forecast 2024 – 2032

Wooden Decking Market Size

Wooden Decking Market size was valued at USD 5.40 billion in 2023 and is anticipated to register a CAGR of 7.1% between 2024 and 2032, fueled by a combination of aesthetic appeal, sustainability trends, and outdoor living popularity. Homeowners and businesses alike are increasingly investing in outdoor spaces, leading to a rise in demand for wooden decks to enhance aesthetics and functionality. The market is driven by various wood types, including pressure-treated lumber, cedar, and redwood, with each offering unique benefits in terms of durability, appearance, and maintenance.  

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The robust growth in the construction industry, particularly in residential and commercial sectors, has boosted demand for wooden decking as homeowners and developers seek to create appealing outdoor spaces. According to data from the United States Census Bureau, the value of the residential construction sector in the United States reached USD 929.7 billion in July 2022, marking a notable increase from USD 815.5 billion recorded in July 2021, reflecting a growth rate of 14%. The presence of aging homes indicates a burgeoning remodeling market, as older properties typically require the addition of new features or the repair/replacement of outdated components. This trend is further reinforced by a growing interest in outdoor living, with consumers desiring functional and aesthetically pleasing areas for relaxation and entertainment.

Additionally, the shift toward sustainable and biodegradable building materials is shaping the market, with a focus on wood types sourced from responsibly managed forests and those with low environmental impact. This aligns with a broader push for eco-friendly construction practices. Moreover, India is projected to attract an investment of approximately USD 1.3 trillion in the housing sector within the next six years, with an estimated construction of 60 million new residences. The accessibility of affordable housing is anticipated to increase by roughly 70% by the year 2024. This increasing investment in the residential sector, particularly in home renovations and new buildings, has led to a surge in wooden decking installations, indicating a strong market trajectory.

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As sustainability becomes a key focus for consumers, alternatives like composite decking, made from recycled plastics and wood fibers, are gaining popularity due to their durability and lower environmental impact. These substitutes offer a similar aesthetic to wood while requiring less maintenance, further challenging the traditional market. Additionally, growing awareness of deforestation's environmental impact has led to stricter regulations and consumer hesitance about using non-sustainably sourced wood. This has prompted a shift toward certified sustainable forestry practices, yet the perception of environmental harm continues to pose a challenge.  

Wooden Decking Market Trends

Environmental concerns are driving a preference for sustainable wood sources like FSC-certified wood or composite decking made from recycled materials. For instance, Weyerhaeuser is a major lumber supplier that actively promotes sustainable forestry practices and offers FSC-certified decking options, similar to GreenForest Lumber, SilvaWood International, etc.

Furthermore, consumers are increasingly seeking low-maintenance decking materials that require less staining, sealing, and cleaning. This is leading to the popularity of composite decking and pre-finished wood options. For instance, companies like Wolf Decks specializes in pre-finished cedar decking that requires minimal ongoing maintenance compared to traditional untreated cedar.

Wooden Decking Market Analysis

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Based on wood type, the market is segmented into pressure-treated wood, redwood, cedar, tropical hardwood, wood-plastic composites, and others such as mahogany, teak, and tigerwood. In 2023, the pressure-treated wood segment emerged as the dominant force, commanding a substantial market share of 36.1% and is projected to reach USD 3.40 billion by 2032. Pressure-treated wood offers a cost-effective solution for decking projects while providing decent durability and resistance to rot and insects, making it a popular choice among homeowners and contractors. Its widespread availability and ease of installation further contribute to its market dominance. Moreover, advancements in pressure-treating technologies have enhanced the lifespan and performance of pressure-treated wood, sustaining its appeal in the market despite growing competition from alternative materials.

However, the market experienced a notable drop in 2023 compared to 2022 owing to the economic uncertainties, including fluctuations in housing markets, inflation in raw material prices, etc. During the COVID-19 pandemic lumber prices spiked due to the disruption in supply chains, which pushed up the  cost of wooden decking materials. Furthermore, as supply chains normalized, lumber prices began to stabilize in 2022 and continued to decrease in 2023. This made wooden decks less expensive but also potentially reduced urgency for some deck projects.

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Based on category, the wooden decking market is bifurcated into indoor and outdoor categories. In 2023, the indoor segment notably dominated the market, generating a revenue of USD 3.15 billion and is expected to reach USD 5.36 billion by 2032. Firstly, the increasing trend of indoor-outdoor living spaces, particularly in urban areas with limited outdoor space, has fueled demand for indoor wooden decking solutions.

Additionally, advancements in wood treatments and finishes have made indoor decking more durable, resistant to wear, and aesthetically pleasing, further driving its popularity among homeowners and commercial spaces alike. Moreover, the versatility of wooden decking allows for customization to match various interior design styles, enhancing its appeal and contributing to its sustained growth in the market.

Based on application, the wooden decking market is segmented into railing, floor, wall, and others. In 2023, the floor segment emerged as the dominant force, generating a revenue of USD 2.39 billion. This segment's prominence is attributed to several factors, including the widespread use of wooden decking for outdoor flooring solutions in residential, commercial, and hospitality sectors. Wooden decks offer a natural and aesthetically pleasing outdoor flooring option, enhancing outdoor spaces' appeal while providing a durable and versatile surface for various activities. Additionally, the growing trend of outdoor living spaces, coupled with increased investments in residential and commercial construction projects, further fueled the demand for wooden decking in the floor segment. Due to these factors, the floor segment is projected to reach USD 3.81 billion in revenue by 2032, indicating sustained growth opportunities within the market.

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The North America wooden decking market is expected to reach USD 2.79 billion by 2032. Firstly, the region has a strong tradition of outdoor living and recreational activities, driving significant demand for wooden decking in residential, commercial, and hospitality sectors. The culture of hosting outdoor gatherings and enjoying backyard spaces has led to widespread adoption of wooden decks as a preferred outdoor flooring solution.

Additionally, North America benefits from a robust construction industry, with a high volume of residential and commercial construction projects incorporating wooden decking for its aesthetic appeal and durability. As per the United States Census Bureau, the residential construction industry in the United States was valued at USD 929.7 billion in July 2022 compared to USD 815.5 billion in July 2021, registering a growth of 14%. Rising home prices in the country have also encouraged homeowners to spend more on home improvements. Moreover, favorable economic conditions, including steady GDP growth and high disposable incomes, have further bolstered the market's expansion in the region.

There is a decrease in the North American market owing to the decline in sales prices and volumes and the increase in wood raw material prices. For instance, Metsa Group’s pulp and sawn timber industry sales decreased by a significant amount in North America and Europe compared to 2022.

In terms of country, US is dominating the North America wooden decking market with revenue of around USD 1.21 billion in the year 2023 and expected to reach around USD 1.97 billion by 2032. The U.S. boasts a vast land area with diverse climates, providing ample opportunities for outdoor living and recreational activities year-round, thus driving demand for wooden decking. Secondly, the country has a strong tradition of homeownership and a culture that values outdoor spaces, leading to widespread adoption of wooden decks in residential properties.

Furthermore, the U.S. benefits from a thriving construction industry, with a high volume of residential and commercial construction projects incorporating wooden decking for its aesthetic appeal and functional benefits. For instance, according to the Associated General Contractors of America (AGC), there were more than 919,000 construction establishments in the U.S. in the 1st quarter of 2023. Also, as per the statistics provided by the U.S. Department of Housing and Urban Development and the U.S. Census Bureau, the building permits in the U.S. for August 2023 were 6.9% higher than that of July 2023. Additionally, favorable economic conditions, including steady GDP growth and high consumer spending, contribute to sustained demand for wooden decking in the U.S. market. Finally, the presence of well-established manufacturers, distribution networks, and a robust regulatory framework further solidify the U.S.'s position as the leader in the North American wooden decking market.

In terms of country, the U.K. is dominating the Europe market with revenue of around USD 290.7 million in the year 2023 and expected to reach around USD 455.1 million by 2032. The UK's temperate maritime climate encourages outdoor living, making wooden decking a popular choice for enhancing outdoor spaces. Additionally, the UK boasts a strong tradition of garden culture, with a high value placed on outdoor leisure and entertainment, driving the demand for wooden decking in residential properties.

Moreover, the country's robust construction industry, fueled by urbanization and infrastructure development projects, provides ample opportunities for the incorporation of wooden decking in both residential and commercial construction projects. Furthermore, stringent environmental regulations and a growing emphasis on sustainable practices have prompted the adoption of certified sustainably sourced wood, further boosting the market for wooden decking in the UK.  

In terms of country China dominated with the overall market share of around 22.3% in the Asia Pacific market and is expected to reach USD 654.9 million by 2032. This is due to the nation's rapid urbanization and burgeoning construction industry, which has propelled the demand for outdoor living spaces and eco-friendly building materials.

With a massive population and a growing middle class seeking to enhance their quality of life, there's a significant appetite for residential properties with outdoor amenities like wooden decks. Moreover, China boasts a rich tradition of using wood in construction and landscaping, providing a cultural foundation for the widespread adoption of wooden decking. Additionally, the government's push for sustainable development and green building practices has spurred the use of certified sustainable wood products in construction projects, further driving the market. For instance, the Chinese government outlined ambitious development plans that included preparations for moving 250 million people to its new megacities over the next ten years.

Wooden Decking Market Share

The key players operating in the market are UPM, Weyerhaeuser Company, West Fraser, Metsä Group, and James Latham PLC all together comprises a market share of 20 - 25% in 2023. The market is highly fragmented. These players focus on strategic partnerships and new screen size launches & commercialization for market expansion. The market offers a wide variety of wood types such as pressure-treated, cedar, redwood, composite materials, and styles such as traditional, grooved, hidden fastener. This allows various players to compete based on their expertise in specific product categories.

There was a significant decrease in revenues of major companies such as West Fraser, Metsa. For instance, SYP production volumes of West Fraser decreased in 2023 due to operational cutbacks at their lumber mill in Perry, Florida, and inventory management curtailments. Cost inflation in various inputs, including supplies, energy, labor, and transportation eased. The costs of products sold decreased compared to 2022, primarily due to lower log and manufacturing costs in Canadian operations, reduced SYP shipment volumes, and a favorable $77 million variance related to inventory write-downs. Lower inventory valuation reserves were recorded in 2023 due to decreased inventory costs, particularly lower log costs, and reduced overall inventory levels.

Wooden Decking Market Companies

Major players operating in the wooden decking industry include

• Alfresco Floors
• AZEK Building Products
• DuraLife
• Fiberon
• Humboldt Redwood Company
• Inovar Floors
• James Latham PLC
• Kebony
• Koppers
• Metsa Group
• Thermory AS
• Trex Company, Inc.
• UPM
• United Construction Products
• Universal Forest Products
• Vetedy Group
• West Fraser 
• Weyerhaeuser Company

Wooden Decking Industry News

• In February 2024, Trex launched a comprehensive collection of Trex-branded deck fasteners and accessories. Featuring more than 120 SKUs, the new collection includes solutions for every composite deck fastening and finishing need such as color-matched screws and plugs to specially engineered bits, depth setters and clips – including several first-to-market innovations.
• In November 2023, AZEK Company announced their new product lineup for 2024. The products are from its TimberTech, AZEK Exteriors and StruXure brands, including the debut of an innovative aluminum framing product, new decking and porch colors, expanded railing offerings, a new siding product, and a Cabana X model now available with a modular design.
• In August 2023, Trex launched the new community recycling challenge called the NexTrex Recycling Challenge. Trex has made the process easier and more equitable so more participants have the opportunity to earn recognition and rewards for their recycling efforts. Under the new structure, any participating organization that collects at least 1,000 pounds of recycled plastic film during a 12-month period qualifies to receive a composite bench from the Trex Outdoor Furniture Collection.
• In August 2023, Metsä Group and SRV, a Finnish construction firm, signed a deal to set up a new Kerto LVL mill in Äänekoski, Finland. Kerto LVL, manufactured by Metsä Group, is a laminated veneer lumber widely utilized in construction endeavors. The raw material is sawn into LVL planks, beams, or panels. This strategic move is poised to enhance Metsä Group's wooden deck production capacity.
• In July 2023, Oldcastle APG's renowned brand, MoistureShield®, entered into a strategic partnership with Mid-Am Building Supply, Inc. to extend the distribution network of its cutting-edge composite decking collection. This collaboration aims to make MoistureShield® products more accessible to customers in Centralia, Illinois; Chillicothe, Missouri; Moberly, Missouri; Mt. Pleasant, Iowa; and Spring Hill, Kansas.

The wooden decking market research report includes in-depth coverage of the industry, with estimates & forecast in terms of volume (Thousand Units) and revenue (USD Million) from 2021 to 2032, for the following segments

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Market, by Wood Type

• Pressure treated wood
• Redwood
• Cedar
• Tropical hardwood
• Wood-plastic composites
• Others (Mahagony, teak, tigerwood, etc.)

Market, by Category

• Indoor
• Outdoor

Market, by Application

• Railing
• Floor
• Wall
• Others

Market, by End User

• Residential
  • New construction
  • Remodelling 
• Commercial
  • New construction
  • Remodelling

Market, by Distribution Channel

• Direct sales
• Indirect sales

The above information is provided for the following regions and countries

• North America
  • U.S.
  • Canada 
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific 
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America 
• MEA
  • UAE
  • Saudi Arabia
  • South Africa
  • Rest of MEA