Increasing renovation and refurbishing operations are a major driver of the wooden decking market's growth. Hardwood decking is widely utilised in the construction of new homes, as well as in the repair and renovation of existing structures. Furthermore, it is utilised in residential building for cladding and siding, swimming pool decks, paths, flooring, and so on. The Asia-Pacific construction industry is expected to become the world's largest and fastest-growing market in the residential and commercial sectors, accounting for almost 45% of global construction spending. The increasing replacement of hardwood decking by composite decking is expected to stifle industry expansion. Composite decking is becoming increasingly popular for decking and outdoor space building. It is intended to provide unparalleled beauty, exceptional durability, and minimal and simple upkeep. The high cost and upkeep of wooden decking are expected to stifle industry expansion.
According to Coherent Market Insights,The global Wooden Decking Market size was valued at USD 20,851.70 million in 2021 and is anticipated to witness a compound annual growth rate (CAGR) of 5.27% from 2022 to 2030.
Top Companies in the Wooden Decking Industry:
1. The AZEK Company Inc.
The AZEK Company Inc. engages in manufacturing and selling of building products for residential, commercial, and industrial markets in the United States. It operates through two segments: Residential and Commercial. The AZEK Company Inc. was incorporated in 2013 and is headquartered in Chicago, Illinois.
2. Deckorators Inc.
On Nov. 16, 2022, Deckorators®, a leading composite decking, railing, and accessories brand that have claimed their space in the market through innovation and creativity, the Deckorators 2023 Outdoor Living Report contextualizes upcoming trends in design, building, and outdoor living for the upcoming year. Deckorators, the first name in decking, railing and accessories and the originator of the round aluminum baluster, is a brand of UFP Retail Solutions, LLC, and a UFP Industries company. The company was founded in 2004, headquartered in Wisconsin, U.S. In November 2020, Deckorators and Russin announced an extended partnership that has added product depth and sales support to the Northeast and Mid-Atlantic markets. Russin provided the exciting new Deckorators TrailheadTM wood-plastic composite (WPC) decking to its Deckorators decking and railing distribution. Both companies have invested in additional sales staff to better service dealers from Maine to Virginia.
3. Deck Solutions LLC
Deckers Outdoor Corporation, together with its subsidiaries, designs, markets, and distributes footwear, apparel, and accessories for casual lifestyle use and high-performance activities. The company was founded in 1973 and is headquartered in Goleta, California.
4. DuraLife Decking & Railing Systems
Manufacturer of durable composite decking and railing systems in Biddeford, Maine. The company's offerings include decking, railing, porch, boardwalks and marine dock products. The company was founded in 2012, headquartered in U.S.
5. Fiberon
On February 14, 2023 Fiberon announced the launch of Fiberon Ascendant, a platform hosting customer loyalty programs, incentives, education and tools developed to engage and reward Fiberon customers. Founded in 1997, Fiberon is a leading U.S. manufacturer of wood-alternative decking, railing and cladding distributed worldwide. Fiberon also provides products like lighting and outdoor furniture, for a complete outdoor experience.
6. Humboldt Sawmill Company LLC
Humboldt Sawmill Company is a redwood manufacturer that offers decking, fencing, lumber, timbers, landscaping, biochar, bark, and chips. The company was founded in 2008, headquartered in California, U.S.
7. Metsa Wood Thermory
Metsä Board Oyj engages in folding boxboard, fresh fiber linerboard, and market pulp businesses. The company provides barrier boards, food service boards, and white kraft liners. Metsä Board Oyj was incorporated in 1986 and is headquartered in Espoo, Finland. In January 2021, Metsa Board announced that it would initiate pre-engineering on increasing the annual folding boxboard production capacity by approximately 200,000 tons at the Husum mill. In October 2019, Metsa Board announced that it would begin the renewal of the Husum pulp mill in phases.
8.Trex Company Inc.
Trex Company, Inc. manufactures and distributes composite decking, railing, and outdoor living products and accessories for residential and commercial markets in the United States. The company operates in two segments, Trex Residential and Trex Commercial. Trex Company, Inc. was founded in 1996 and is headquartered in Winchester, Virginia.
9. United Construction Products Inc. (BISON Innovative Products)
Bison Innovative Products offer the design flexibility to create unique and beautiful rooftop environments. On Mar 29, 2021 Fibergrate Composite Structures acquired Bison Innovative Products for an undisclosed amount. Bison Innovative Products has led the industry in designing and manufacturing versatile pedestals, pavers, and site furnishings that offer the design flexibility to create unique and beautiful rooftop environments. The company was founded in 1994, headquartered in Colorado, U.S.
10. Shubh Composites
“Shubh Composites” are expanding our business in the national as well as in international market by manufacturing, exporting and supplying qualitative assortment of Deck Tiles, Floor Decks, Wood Sidings, Wall Panels, Hollow Decks, Solid Decks and Wooden Tiles under two brands "SHUBHWOOD" & "MILOTA". Established in the year 2013 at Rajkot (Gujarat, India).
*Definiton- Hardwood decking is a popular choice for outdoor spaces and is commonly seen in homes and commercial structures. It is an excellent choice for those who are worried about maintenance. This form of decking is both sturdy and elegant, and it is frequently made from reclaimed wood. Decks are often constructed outside, elevated from the ground, and joined to a structure. The phrase comes from the deck of a ship.
